- 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
- 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
- Financial managers and controllers
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
3 day
Acquisition of control and changes in scope of consolidation
Prerequisites
It is recommended that you have a thorough understanding of the principles and methods involved in preparing consolidated financial statements, as demonstrated by the following training course "Consolidation techniques under IFRS - Principles and methods" [FHCIFR].
Objectives
◗ Identifying business combinations and applying IFRS3
◗ Handling changes in the scope of consolidation, transactions with minority shareholders, capital increases and mergers
◗ Check the impact of these transactions on the consolidated financial statements
Training program
◗ Consolidation scope and methods
- Reminder of the determination of the scope of consolidation and consolidation methods
- Link between consolidation methods and the treatment of changes in the scope of consolidation
✔ UNDERSTAND | Summary of levels of control and consolidation methods
✔ APPLY | Case study: switching from individual to consolidated financial statements
◗ Goodwill under IFRS
- Full goodwill or proportional goodwill: what's the difference?
- Accounting for and monitoring goodwill over time
✔ APPLY | Case study: calculating goodwill using the 2 methods
✔ UNDERSTANDING | Review of listed group acquisitions
◗ The acquisition method
- Principles of IFRS3
- Measurement and recognition of business combinations
- Review of the 5 steps of the acquisition method
- Purchase Price Allocation (PPA): identification of acquired assets, liabilities and contingent liabilities
- Treatment of earn-outs and vendor warranties
- Treatment of puts on minority interests
✔ UNDERSTAND | Illustration: treatment of pre-existing relationships
✔ UNDERSTAND | Illustration: contingent liabilities and contingent assets
✔ APPLY | Case study: accounting for earnouts
◗ Processing disposals
- Disposals resulting in loss of control or significant influence
- Disposals not resulting in loss of control
✔ APPLIQUER | Case study: accounting for a disposal with loss of control
✔ APPLIQUER | Case study: accounting for a disposal without loss of control
✔ APPLIQUER | Case study: accounting for the disposal of a foreign-currency subsidiary
◗ Other changes in scope of consolidation
- Capital increases, mergers and share swaps
✔ APPLIQUER | Case study: accounting for a capital increase
✔ APPLIQUER | Case study: treatment of a TUP
◗ Operations sold or to be sold (IFRS5)
- Conditions for applying IFRS5
- Impact on the presentation of financial statements
✔ ASSESS | Quiz: in your opinion... When are the IFRS5 conditions met?
Why choose this course?
Changes in the scope of consolidation are frequent in groups. It is therefore essential to understand the accounting impact of acquisitions and disposals on the consolidated financial statements. In 3 days, this training course will enable you to acquire a robust approach to handling changes in scope, and to understand the impact on the balance sheet, income statement and cash flow statement.
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.
See our full training catalog.
Price
2,750 EXCL. TAX
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Testimonials
Acquisition of control and changes in scope of consolidation
Acquisition of control and changes in scope of consolidation
Acquisition of control and changes in scope of consolidation
Jonathan C.
Company
Training