- Regulatory, financial, risk and ethics frameworks - Know the regulatory, financial, risk and ethics frameworks (Sarbanes-Oxley, AMF and SEC regulations, etc.).
- IFRS consolidation - Accounting production: How to produce IFRS consolidated financial statements
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Tax consolidation - Deferred tax, tax proof, tax consolidation
- 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
Understanding and implementing
Target audience
- Accountants
- Consolideurs
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
3 day
Consolidation training: master IFRS fundamentals and tools
Prerequisites
No prior knowledge is required.
Consolidation training objectives
◗ Acquire the techniques needed to ensure the transition from parent company to consolidated financial statements under IFRS
◗ Post the corresponding entries
◗ Applying consolidated financial statements and notes presentation requirements
IFRS consolidation training program
◗ General principles
- IFRS and local standards: which standards to apply and in which situation(s)?
- IFRS standards dealing with consolidation (IFRS10, 11, 12, IAS28)
- The 3 consolidation methods: IG, MEE and line-by-line integration
- Presentation of the stages in the consolidation process
✔ UNDERSTANDING | Brainstorming: what is consolidation?
✔ APPLY | Case study: from individual to consolidated financial statements
according to the 3 consolidation methods
◗ Treatment of business combinations: purchase method
- IFRS3 principles
- Valuation and recognition
- Determining and monitoring goodwill
- Treatment of negative goodwill
✔ APPLY | Case study: determining and accounting for goodwill
◗ Presentation of consolidated financial statements
- Presentation of consolidated financial statements: income statement, statement of comprehensive income, balance sheet,
cash flow statement, changes in shareholders' equity, and notes to the financial statements
- External control: audit objectives
✔ UNDERSTAND | Review of consolidated group financial statements
✔ UNDERSTANDING | Brainstorming: what do other income and expenses
of comprehensive income (or OCI) and what is their content?
◗ Complex points relating to the consolidation process
- Determining the scope of consolidation: control analysis, choice of method
- Organization of consolidation: tools, structure of the reporting package, input of social
or restated data, preparation of sub-consolidations
- Data reporting and reprocessing: controls to be implemented, management of retained earnings
management, list of main IFRS restatements
- Conversion of company financial statements in foreign currencies (difference between
transaction conversion and consolidation conversion)
- Proportional accounting
- Elimination of internal transactions: focus on the treatment of dividends,
capital gains and internal provisions
- Determining and accounting for deferred taxes: permanent differences vs.
temporary differences
- Elimination of securities and division of shareholders' equity
✔ UNDERSTAND | Diagram: link between level of control and consolidation methods
✔ UNDERSTAND | Brainstorming: why do financial data included in the
consolidation need to be restated?
✔ UNDERSTANDING | Illustration: table showing the reconciliation of local shareholders' equity
to Group shareholders' equity by entity
✔ APPLY | Case studies on each stage of the consolidation process
Why choose this IFRS consolidation course?
Consolidation is a special kind of accounting technique, requiring the application of a number of fundamental mechanisms. This training course will help you master them, so that you can prepare your consolidated accounts. In addition, an understanding of the principles involved will enable you to secure the automated processing of consolidation software packages.
The IFRS Consolidation Techniques course provides a comprehensive understanding of the principles and methods of consolidation under IFRS. Based on the key regulatory frameworks (IFRS 10, 11, 12 and IAS 28), this course covers essential techniques such as full consolidation, equity accounting, intra-group eliminations, goodwill management and currency translation. Thanks to a pragmatic approach and adapted case studies, it prepares participants to produce reliable, transparent consolidated financial statements that comply with international requirements, while tackling complex subjects such as deferred taxes and specific IFRS adjustments.
Teaching and assessment methods
Before: self-assessment quiz
During the session: each point covered is accompanied by practical examples and published financial statements. Practical case studies (including accounting diagrams), interactive quizzes and discussions during the session ensure that knowledge is acquired.
Afterwards: documentation.
The trainer is available to answer any questions relating to the training.
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Price
2,750 EXCL. TAX
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