Advanced consolidation under IFRS

Who are the intended participants?

• Accountants and staff of finance functions who need to prepare consolidated financial statements or understand them
• Staff of reporting functions in charge of assessing and compiling information for the purposes of group consolidation
• Companies who have become subject to the obligation to consolidate
• Others who come across consolidations within the business

Programme

• Definition of control – protective vs. substantive rights
• What is (not) a business combination (asset acquisition, restructuring, transactions under joint control)
• Specific items of financials statements upon acquisitions (contingent consideration, options, subsequent employment of former owners, etc.)  
• Goodwill and impairment testing
• Change in ownership interest not affecting control
• Implications of sale of a subsidiary
• Checking correctness of translation reserve from conversion to reporting currency
• Equity method
• Specifics of notes to consolidated financial statements

Benefits

By attending the course, you will:

• Deepen your knowledge in the field of consolidation
• Find out how to deal with even more complex cases
• Know how to correctly account for the purchase and sale of a subsidiary