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IFRS 10 Consolidated Financial Statements

Date

Ongoing

Time

On-demand

CPE Hours

45 minutes

Competency

Core

Location

eLearn

Price

€30

Course Description

This eLearn aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts.

Our instructors – experts in IFRS – designed the professional materials according to the IFRS 10 Consolidated financial statements standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

Course Structure

The eLearn introduces the following topics:

Introduction: why consolidate?

  • definition of consolidated financial statements;
  • investments
  • link between the level of control and the consolidation method

Consolidation process: consolidation adjustments examples

  • goodwill and negative goodwill; non-controlling interest
  • Intra-group transactions and balances
  • examples

Disclosures

Test your knowledge

Should Attend

This course is intended for professionals in financial and actuarial functions.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • identify the purpose of consolidation and when it needs to be carried out
  • understand the definition of main concepts related to consolidation, such as parent, subsidiary, group, control, non-controlling interest
  • explain what types of adjustments need to be made in consolidation
  • calculate non-controlling interest
  • calculate goodwill or gain on bargain purchase
  • eliminate intra-group transactions and balances
  • perform the basic steps of preparing a consolidated statement of financial position and consolidated statement of total comprehensive income

Course Structure

The eLearn introduces the following topics:

Introduction: why consolidate?

  • definition of consolidated financial statements;
  • investments
  • link between the level of control and the consolidation method

Consolidation process: consolidation adjustments examples

  • goodwill and negative goodwill; non-controlling interest
  • Intra-group transactions and balances
  • examples

Disclosures

Test your knowledge

Should Attend

This course is intended for professionals in financial and actuarial functions.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • identify the purpose of consolidation and when it needs to be carried out
  • understand the definition of main concepts related to consolidation, such as parent, subsidiary, group, control, non-controlling interest
  • explain what types of adjustments need to be made in consolidation
  • calculate non-controlling interest
  • calculate goodwill or gain on bargain purchase
  • eliminate intra-group transactions and balances
  • perform the basic steps of preparing a consolidated statement of financial position and consolidated statement of total comprehensive income

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