- Parent company financial statements under French GAAP - Accounting production: How to produce parent company financial statements under French GAAP
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- IFRS - International Financial Reporting Standards (IFRS)
Mastering a complex environment
Target audience
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Fiscalistes
- Membres du département communication financière
- Responsables financiers, consolidation et comptables
- Utilisateurs des états financiers
1 day
Prerequisites
No prior knowledge is required.
Objectives
◗ Applying the specificities of the treatment of property, plant and equipment and intangible assets under IFRS and French GAAP
◗ Analyze the operational challenges of convergence in the parent company and consolidated financial statements in order to make the appropriate trade-offs
◗ Identify situations leading to the recognition of an impairment loss
Training program
◗ General principles
- Definition, recognition criteria, components of cost of acquisition (IAS16)
- Integration of grants (IAS20), borrowing costs (IAS23)
- Treatment of decommissioning obligations and related provisions
✔ UNDERSTANDING | Analysis: handling the case of test phase sales
✔ APPLYING | Case study: discounting a provision for dismantling
◗ Component approach and subsequent expenditure
- Principle of depreciation and practical application
- Treatment of subsequent expenditure
- Treatment of inspection costs and major repairs
✔ UNDERSTANDING | Illustration: review of consolidated group financial statements.
✔ APPLY | Case study: modifying the depreciation schedule, accounting for
of provisions for redevelopment and treatment of planned major repairs
✔ ASSESS | Quiz: subsequent expenditure - OPEX or CAPEX?
◗ Investment property (IAS40)
- Principles and practical application
- Accounting: choice between cost or fair value measurement
- Treatment of changes in use
✔ UNDERSTANDING | Group discussion: IAS40 identification diagram
✔ UNDERSTAND | Illustration: review of consolidated group financial statements
✔ APPLY | Illustration: revaluation at Unibail-Rodamco
◗ Leases (IFRS16)
- Treatment of lessee's right of use and rental obligation
- Presentation of effects on the balance sheet, net income and TFT
- Exemption rules and analysis of financial impact
✔ UNDERSTANDING | Illustration: review of consolidated group financial statements
✔ APPLY | Case study: impacts of IFRS16
◗ Intangible assets (IAS38)
- Definition, recognition criteria
- Activation of development costs
- Treatment of SaaS contracts under IFRS IC and ANC 2023-05
✔ UNDERSTANDING | Illustration: review of consolidated group financial statements.
✔ APPLY | Case study: capitalization of R&D costs
◗ Impairment losses (IAS36)
- Principles and practical application
- Goodwill and unamortized intangible assets
- Recoverable amount, value in use and fair value less costs to sell
- Treatment of impairment reversals
✔ APPLIQUER | Case study: impairment indicators
◗ Non-current assets held for sale (IFRS5)
- Conditions for applying IFRS 5
- Impacts on the presentation of financial statements
✔ UNDERSTANDING | Illustration: review of consolidated group financial statements
Why choose this course?
Fixed assets are an essential subject that may seem deceptively familiar. In fact, it is a highly technical aspect. Recognition, monitoring over time and testing for impairment require a high level of expertise and knowledge of numerous standards. Ensuring compliance with both IFRS and French requirements contributes to greater efficiency. This 1-day training course will enable you to acquire or revise the necessary techniques.
Teaching and assessment methods
Before: self-evaluation quiz
During the session: for each theme, the presentation of principles is followed by examples or case studies. Illustrations are drawn from current events, real cases encountered by companies and/or the facilitator's own experience in the field. These different exchanges help to anchor and ensure the acquisition of knowledge.
After: Summary sheet and documentation. The trainer is available to answer any questions relating to the training.
Price
1,295€ EXCL. TAX
Testimonials
Training Property, plant and equipment
Training Property, plant and equipment
Training Property, plant and equipment
Jonathan C.
Company
Training