Basics of consolidation under Czech accounting standards and IFRS

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 group consolidation purposes
Companies who have become subject to the obligation to consolidate
Others who come across consolidation within the business

Basic concepts of consolidation under CAS and IFRS (control, substantial influence, subsidiary and associate, jointly controlled entity)
When the obligation to consolidate arises, including the exceptions from the obligation to consolidate
Consolidated financial statements
Consolidation methods (full, proportionate, and equity methods)
Partial steps in the preparation of consolidated financial statements, including the elimination of mutual relations, consolidation adjustments, consolidation difference vs. goodwill
Practical examples

During the course, you will:

Understand the basic terminology of consolidation
Familiarise yourself with the partial steps that need to be taken when compiling consolidated financial statements
Understand the basic differences between Czech and international consolidation rules
Understand the process of preparation of consolidated financial statements, which is a prerequisite for their subsequent analysis

KPMG Česká republika, s.r.o., Pobřežní 1a, Praha 8

The fee includes training materials and refreshments. The training will be conducted in Czech.

For attending this training course, you are eligible to gain 4 of CPD points.