Financial Statements Consolidation I (IAS / US GAAP)
Version for download/printing
Financial Statement Consolidation I (IAS / US GAAP)
(pdf, 346 Kb, 2 pages)
| Duration |
2 days / 16 academic hours / 16 CPD units / 14 СPE 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.
| 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
- 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.