Financial Statements Consolidation I (IAS / US GAAP)

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Version for download/printing
Financial Statement Consolidation I (IAS / US GAAP) 
(pdf, 346 Kb, 2 pages) 
 


ACCA Registed CPD-ProviderCPE Sponsors

Duration
2 days / 16 academic hours / 16 CPD units / 14 –°PE credits

 
Required level of preparation
Knowledge of IFRS / US GAAP.
Prior to this training we recommend the participants first attend our training “IFRS / US GAAP: Practical Application I.”
Who should attend
  • Financial analysts of companies that are part of international financial groups (holdings)
  • Chief accountants.
Objectives
  • To consider forms of company mergers, ways of accounting for investments, and conditions necessary for financial statement consolidation
  • To master basic operations for consolidation, and conduct the whole consolidation of financial statements
  • To consider the specifics of accounting for minority interests and goodwill in consolidation
  • To learn the procedure of consolidation by example.
Course specifics
All the latest published changes in IFRS US GAAP are included in the training materials.
Training methodology
  • Training is conducted in an interactive form and includes a number of case studies.
  • Training participants are provided with specially designed training materials in Russian.

Training outline

Day 1

  • Regulating documents
  • Introduction. Company mergers. Major definitions. Definition of consolidation perimeter
  • Control. Major signs of control. The actual control
  • Special-purpose companies. Comparison of SIC 12 and FASB Interpretation 46 (Fin 46)
  • Requirements for preparing consolidated financial statements. Incongruity of a financial period end date. Single accounting policy. Start and end dates of the consolidation
  • Share of not supervising shareholders
  • Goodwill
  • Basic consolidation technique
  • Date of acquisition consolidation
  • Consolidation after acquisition. Exemptions of operations inside the group
Day 2

  • Business merger value. Equity instruments issued by the acquiring party. Deferred payment. Contingent fee. Deal cost return
  • Acquired assets and liabilities recognition and evaluation. Identifiable assets and liabilities. Contingent liabilities
  • Exceptions from acquired assets and liabilities recognition and evaluation principles
  • Evaluation period. Further value corrections of identifying assets and liabilities
  • Information disclosure requirements.

Certificates
Certificates of the EY Academy of Business.
Recommended training scheme
Place and time
Open trainings are conducted at EY Academy of Business from 9:30 to 16:30.
In-company training
  • Preliminary analysis of clients’ training needs, identification of aims and goals
  • Training adaptation industry
  • Flexible approach to training location and schedules
  • Report on the training results.