- 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
Mastering a complex environment
Target audience
- Consolidators
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
- Users of financial statements
1 day
IFRS equity method training
Prerequisites
No previous knowledge required.
Objectives
◗ Accounting for joint ventures and associates consolidated using the equity method
◗ Applying all IFRS treatments relating to joint ventures and associates
◗ Information on companies accounted for by the equity method
Training program
◗ Definition of the equity method
- Simplified consolidation method
- Identification of a joint venture or associate under IFRS11
✔ UNDERSTANDING | Joint control analysis diagram
✔ UNDERSTAND | Review of consolidated group financial statements
✔ ASSESS | Quiz: contractual agreement analysis - Joint operation or joint venture?
✔ APPLY | Case study: application of the equity method
◗ Acquisition of a joint venture or associate
- Initial recognition at cost,
- Recognition of goodwill
- Additional consideration, negative goodwill
✔ APPLY | Case study: acquisition of equity-accounted securities
✔ UNDERSTANDING | Illustration: increase in percentage interest in an MEE
◗ Current transactions between the Group, joint ventures and associates
- Recognition of net income
- Impact of ICOs
- Treatment of intra-group transactions: treatment of dividends, upstream and downstream
upstream and downstream transactions, deferred tax, etc.
- Net investment and net investment hedge (NIH)
✔ UNDERSTANDING | Illustration: accounting for MEE securities
✔ UNDERSTAND | Illustration: treatment of stock options in an MEE
✔ UNDERSTANDING | Review of consolidated group financial statements
◗ MEE and impairment test
- Application of IAS36 to MEE securities
- Determination of recoverable amount
✔ UNDERSTANDING | Review of consolidated group financial statements
◗ Disposal of a joint venture or associate
- Full disposal
- Changes in percentage interest resulting in a change of method
- Partial disposal not resulting in change of method
✔ UNDERSTANDING | Summary table of securities transaction treatments
✔ APPLY | Case study: transition from MEE to full consolidation
✔ APPLY | Case study: acquisitions/disposals of MEE securities
◗ MEE - Other presentation issues
- Impact on TFT
- Application of IFRS12
- Segment reporting (IAFRS 8) and related parties (IAS24)
✔ UNDERSTANDING | Review of consolidated group financial statements
Why choose this course?
With the elimination of the proportional consolidation option,joint ventures are now accounted for using the equity method, which increases its use and the number of situations to be dealt with. However, the obligations and options of this method are sometimes poorly understood. This training course will provide you with an overview of the current situation, essential for ensuring and optimizing compliance.
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.
General training | FinHarmony Conseil & Formation
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Price
1 295 € EXCL. TAX
IFRS equity method training
IFRS equity method training
IFRS equity method training
Jonathan C.
Company
Training