Basics of consolidation under IFRS | KPMG Business Institute

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