Improvement
Target audience
- Financial managers and controllers
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
3 day
New training
Prerequisites
It is recommended that you have a solid understanding of the principles and methods involved in preparing consolidated financial statements or that you have completed the training course “IFRS Consolidation Techniques—Principles and Methods” [FHCIFR].
Objectives
◗ Identify acquisitions and account for additions to the scope of consolidation in accordance with ANC Regulation 2020-01.
◗ Handle changes in the scope of consolidation, transactions with minority shareholders, capital increases, and mergers.
◗ Assess the impact of these transactions on the consolidated financial statements.
Training program
◗ Consolidation scope and methods
– Overview of determining the scope of consolidation and consolidation methods
– Relationship between consolidation methods and the treatment of changes in the scope of consolidation
✔ UNDERSTAND | Summary of control levels and consolidation methods
✔ APPLY | Case study: Transitioning from individual financial statements to consolidated financial statements
◗ Goodwill under French accounting standards
– Regulations 2015-06 and 2015-07: Goodwill and Business Value
– Determination, Recognition, and Monitoring Over Time
– Treatment of Negative Goodwill
✔ APPLY | Case Study: Calculating Goodwill
◗ The acquisition method
– Valuation and accounting for the acquisition of control
– Identification of assets, liabilities, and off-balance-sheet items
– Determination of the acquisition cost
– Treatment of earn-outs and liability guarantees
– Treatment of call options on minority interests
✔ UNDERSTAND | Illustration: Treatment of pre-existing relationships
✔ UNDERSTAND | Illustration: Contingent liabilities and contingent assets
✔ APPLY | Case study: Accounting for earn-outs
◗ Successive acquisitions
– Acquisitions of non-consolidated securities and securities accounted for under the equity method
– Acquisition of exclusive control of an entity in successive stages: difference between valuation adjustment and goodwill
– Changes in the percentage of ownership of an entity already fully consolidated
✔ APPLY | Case Study: Successive Acquisitions – Equity-Method Investment
✔ APPLY | Case Study: Step-by-Step Acquisition – Fully Consolidated Entity
◗ Processing disposals
– Disposals resulting in the loss of control or the loss of significant influence
– Disposals that do not result in a loss of control
✔ APPLY | Case Study: Accounting for a disposal resulting in a loss of control
✔ APPLY | Case Study: Accounting for adisposalwithout a loss of control
✔ APPLY | Case Study: Accounting for the disposal of a subsidiary denominated in foreign currency
◗ Other changes in scope of consolidation
– Impacts of Capital Increases
– Accounting for mergers: determining the merger premium, discount, and merger premium
– Accounting for stock swaps
✔ APPLY | Case study: accounting for a capital increase
✔ APPLY | Case study: accounting for a TUP
✔ APPLY | Case study: handling and accounting for a merger between sister companies
Why choose this course?
Within corporate groups, changes in the scope of consolidation are common. It is therefore essential to understand the accounting impacts of securities acquisitions and disposals on the consolidated financial statements.
Over the course of three days, this training course teaches participants a robust approach to handling changes in the scope of consolidation and helps them understand the impacts on the balance sheet, income statement, and cash flow statement.
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 teaching 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: theoretical concepts are alternated with 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.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
2,750 EXCL. TAX