Consolidation and Group Accounting

This advanced course focuses exclusively on group accounting and the preparation of consolidated financial statements, one of the most challenging and important areas in financial reporting. Whether you are an accountant preparing group accounts or an auditor reviewing them, mastering consolidation is essential.

You will begin with the fundamentals of group structures: parent-subsidiary relationships, control assessment under IFRS 10, significant influence under IAS 28, and joint arrangements under IFRS 11. The course covers the acquisition method under IFRS 3 Business Combinations, including identifying the acquirer, determining the acquisition date, measuring consideration, and recognizing identifiable assets and liabilities at fair value.

The technical core covers preparing consolidated statements of financial position and comprehensive income, calculating goodwill and testing for impairment, measuring non-controlling interests, eliminating intra-group transactions and unrealized profits, accounting for associates using the equity method, and dealing with foreign subsidiaries and currency translation.

Advanced topics include step acquisitions, partial disposals, changes in ownership without loss of control, complex group structures with sub-subsidiaries, and transition from associate to subsidiary status. Each topic is accompanied by detailed worked examples and practice problems that progressively increase in complexity. This course is invaluable for professionals working in large corporate groups and for candidates preparing for professional examinations.