Basics of consolidation under IFRS

This training course will give you an insight into the world of consolidation under IFRS. You will become familiar with the basic concepts, principles and questions that accompany the consolidation process.

Lenka Zatylnyjová

No dates available. If you are interested in attending the training, please fill the form.

I am interested in attending the training
Course fee: 5 000,- CZK ex. VAT

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


  • Basic concepts of consolidation (control, substantial influence, subsidiary and associate, jointly controlled entity)
  • Consolidated financial statements and exceptions from the obligation to consolidate
  • Consolidation methods (full and equity method)
  • Business combinations / acquisitions and their effect on consolidated financial statements (calculation of goodwill and non-controlling interest)
  • Partial steps in the preparation of consolidated financial statements
    • Elimination of mutual relations
      • Current
      • Non-current
    • Consolidation adjustments
      • Remeasurement and new assets/liabilities from acquisition
      • Identical accounting policies
    • Translation to reporting currency


During the course, you will get to:

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