Consolidated Financial Reporting

Available Until Monday, March 31st

**Online**

2.0 Credits

Member Price $69.00

Non-Member Price $89.00

Overview

Consolidated Financial Reporting

Consolidated financial statements present the financial position of a parent and its subsidiaries as if the consolidated group were a single economic entity. This course provides an overview of the basics of consolidation when the parent owns less than 100% of the equity shares of the subsidiary. Managers should recognize the relevant accounting adjustments to prepare a CSPLOCI and CSOFP.

Value added topics

Basics of consolidation
Goodwill, NCI, group retained earnings
Bargain Purchase
Mid-year Acquisitions
Fair Value Adjustments
Intragroup Transactions

Gain practical experience.

The practical hands-on exercises use real-world examples such as case studies and scenarios and are designed to give you the skills to evaluate business performance and get a deeper understanding of various ways to improve the business performance and align with organization goals. This consolidated financial reporting topic can assist the decision-making process by focusing on the appropriate consolidation adjustments to remain a long-term, viable going concern.

This is a standalone course but if you're interested in more of this type of learning while earning a designation, explore the CGMAr Finance Leadership Program.

Highlights

Key Topics

Introduction to group accounts
Consolidated statement of profit or loss and other comprehensive income (CSPLOCI)
Consolidated statement of financial position (CSOFP)

Prerequisites

None

Designed For

Who Will Benefit

Global accounting and finance professionals
Management accounting professionals
Controllers
CFOs
Finance vice presidents
Finance directors
CPAs and CAs

Objectives

Learning Outcomes

Identify group accounting and consolidated financial statements.
Calculate a consolidated statement of profit and loss and other comprehensive income, CSPLOCI with relevant accounting adjustments.
Identify how to develop a consolidated statement of financial position (CSOFP) with relevant accounting adjustments.