- Financial analysis and diagnosis - Balance sheet balances (FRN, BFR, Cash flow), net debt and financial analysis ratios. Analyze financial structure, liquidity and solvency.
- Audit and control - Audit of consolidated financial statements under IFRS and French GAAP. Quality audit. Internal control audit.
- Operating cash flow - Know how to calculate and analyze cash flow and free cash flow using direct and indirect methods. Know how to make forecasts. Cash and WCR management and optimization - Know how to calculate cash flows - Know how to establish cash positions - €/currencies - Calculate and interpret the main current asset turnover ratios (DSO, DPO, DII). - be able to draw up and reconcile cash flow forecasts - master methods for optimizing cash flow and WCR in conjunction with operational staff
- Accounting and consolidation under US GAAP - Accounting production: How to produce consolidated financial statements under US GAAP
- Consolidation - Know the principles and methods of consolidation (full consolidation - equity method). Analyze consolidated financial statements.
- IFRS consolidation - Accounting production: How to produce IFRS consolidated financial statements
- Intra-co and interco, transfer prices - Understanding Intra-co and interco, as well as transfer prices
- IFRS - International Financial Reporting Standards (IFRS)
- Consolidation scope - Consolidation scope - First-time consolidation - Goodwill - Minority interests
- Mergers & Acquisitions Transaction - Master the implementation of acquisition/disposal processes (letter of intent, due diligence, acquisition and dataroom audits, binding offer, negotiation, closing) - Understand the transaction environment: negotiation, financial and regulatory environment
Mastering a complex environment
Target audience
- Bankers / Account managers
- Accountants
- Management controllers
- Financial controllers
- Members of the financial communications department
- Members of the legal department
- Users of financial statements
2 day
Consolidated financial statements analysis training
Prerequisites
It is advisable to be familiar with the company's financial statements.
Financial analysis - Level 1 - Reading and understanding financial statements [FHANFI] [in French only
Understanding and implementing
Objectives
◗ Acquire the specifics and terminology of consolidated accounts
◗ Interpreting consolidated financial statements in accordance with French ANC 2020-01 or international (IFRS) standards
◗ Identify the impact of accounting options and restatements on the consolidated financial statements
◗ Conduct an initial financial analysis
Financial analysis course content
◗ Understanding the logic and challenges of consolidation
- Who consolidates? Why consolidate?
- Identifying the framework used
- IFRS fundamentals - The impact of IFRS on European groups
- Consolidated financial statements and parent company financial statements: what are the differences in presentation and what are the impacts on ratios and analysis?
- How to understand and deal with other comprehensive income (OCI)?
✔ EVALUATE | Quiz: in your opinion... Why consolidate? And for whom?
◗ Understanding the impact of consolidation on analysis
- Challenges and points to watch when analyzing consolidated financial statements
- Understanding the key stages in the consolidation process
- Avoid confusing interests with control
- Understanding the scope of consolidation
- Understanding the impact of consolidation methods on financial statements
- Be vigilant about consolidation restatements
✔ UNDERSTAND | Diagram: link between level of control and consolidation method
✔ APPLY | Case study: switching from parent company to consolidated financial statements
✔ APPLY | Case study: identifying the impact of consolidation methods on financial statements
✔ ASSESS | Quiz on the scope of consolidation
✔ UNDERSTANDING | Brainstorming: what are the challenges of each stage of the consolidation process for the analyst?
◗ Handling business combinations
- Goodwill calculation and monitoring over time
- PPA (Purchase Price Allocation) treatment and impact on financial statements
✔ APPLIQUER | Case study: calculating goodwill under French GAAP and IFRS
✔ APPLY | Case study: accounting for an acquisition in the consolidated financial statements
◗ Technical points: identifying points of vigilance and issues for the analyst
- OPEX/CAPEX distinction
- Capitalization of leases
- Challenges to impairment testing
- When to recognize a provision
- Treatment of post-employment benefits
- Interpreting tax proof
✔ ASSESS | Knowledge acquisition assessment quiz
- Identify discrepancies between accounting income and cash flow
- Make the link between the financial cycle and TFT
- Understand cash generation and consumption
✔ UNDERSTAND | Brainstorming: what are the main non-cash flows impacting balance sheet items and should not impact the TFT?
✔ APPLY | Case study: analysis of a cash flow statement
Why choose this financial analysis course?
Compared with the parent company financial statements, there are many differences between consolidation techniques and IFRS. Understanding them is an essential prerequisite for financial analysis of the consolidated financial statements. What's more, the impact can vary greatly from one group to another. This training course covers the key points of consolidation and will help you improve your financial analysis skills.
Teaching and assessment methods
Before: self-assessment quiz
During the session: technical presentation accompanied by a number of case studies to determine the impact on financial ratios, analysis of a listed group brochure, and a checklist to identify key points in the financial statements. Presentation of illustrations drawn from current events and real cases encountered by companies and/or the facilitator's own experience in the field. These various exchanges help to anchor and ensure the acquisition of knowledge.
After: The trainer is available to answer any questions relating to financial analysis training.
General training | FinHarmony Conseil & Formation
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Price
2,090 EXCL.
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Consolidated financial statements analysis training
Consolidated financial statements analysis training
Consolidated financial statements analysis training
Jonathan C.
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