- 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
- IFRS - International Financial Reporting Standards (IFRS)
- Consolidation scope - Consolidation scope - First-time consolidation - Goodwill - Minority interests
- Regroupement d'entreprises - Business combinations
Improvement
Target audience
- Consolidators
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
- Users of financial statements
1 day
IFRS equity method training
Prerequisites
It is necessary to understand the fundamental principles of consolidated financial statements
Objectives
◗ Account for joint ventures and associates that are consolidated using the equity method.
◗ Apply all IFRS accounting treatments related to joint ventures and associates.
◗ Present information regarding equity-method investees.
Training program
◗ Definition of the equity method (EM)
– Simplified consolidation method
– Identifying a joint venture or an associate under IFRS 11
✔ UNDERSTAND | Joint control analysis framework
✔ UNDERSTAND | Review of consolidated financial statements
✔ EVALUATE | Quiz: Analysis of the contractual agreement – Joint operation or joint venture?
✔ APPLY | Case Study: Application of the Equity Method
◗ Acquisition of a joint venture or associate
– Initial recognition at acquisition cost
– Recognition of goodwill
– Cases involving additional consideration and negative goodwill
✔ APPLY | Case study: acquisition of equity-accounted investments
✔ UNDERSTAND | Example: increase in ownership percentage in an equity-accounted investment
◗ Current transactions between the Group, joint ventures and associates
– Recognition of net income
– Impact of other comprehensive income (OCI)
– Treatment of intragroup transactions: treatment of dividends, upstream and downstream transactions, deferred taxes, etc.
– Net investment and net investment hedge (NIH)
✔ UNDERSTANDING | Example: Accounting for MEE securities
✔ UNDERSTANDING | Example: Treatment of stock options in an MEE
✔ UNDERSTANDING | Review of consolidated financial statements
◗ Equity Method and Impairment Test
– Application of IAS 36 to MEE securities
– Determining recoverable amount
✔ UNDERSTANDING | Review of Consolidated Financial Statements
◗ Disposal of a joint venture or associate
– Total disposal
– Changes in the percentage of ownership resulting in a change in accounting method
– Partial disposal not resulting in a change in accounting method
✔ UNDERSTAND | Summary table of accounting treatments for securities transactions
✔ APPLY | Case study: Transition from equity method to full consolidation
✔ APPLY | Case studies: Acquisitions/disposals of equity method securities
◗ Equity Method – Other Presentation Issues
– Impacts on the cash flow statement
– Application of IFRS 12
– Segment reporting (IFRS 8) and related parties (IAS 24)
✔ UNDERSTANDING | Review of Consolidated Financial Statements
Why choose this course?
With the elimination of the proportional consolidation option, the equity method is now the standard approach for accounting for joint ventures, significantly expanding its scope of application. However, its rules—which straddle the line between mandatory requirements and accounting options—remain unclear to many professionals. This one-day training course provides a comprehensive and structured overview of IFRS accounting treatments related to joint ventures and associates. Through practical case studies, concrete examples, and interactive teaching methods, you will be able to apply the appropriate accounting treatments, ensure the reliability of your consolidated data, and secure the automation process within your consolidation tools.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
1 295 € EXCL. TAX
IFRS equity method training
IFRS equity method training
IFRS equity method training
Jonathan C.
Company
Training