IFRS: Consolidated Financial Statements (IFRS 10) and Separate Financial Statements (IAS 27)
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$49.00 Regular Price
Product Code: AI23-IFRSCERT-V
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Accounting
Overview:
This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.
This self-study course addresses requirements of IFRS 10, Consolidated Financial Statements, including the following:
- Defining control
- Exemptions from the consolidation requirements
- Investment entity accounting
- Consolidation procedures
- Consolidated statement of financial position
- Consolidated statement of profit or loss and other comprehensive income
- Goodwill
Also, this course addresses requirements of IAS 27, Separate Financial Statements, including the following:
- Recognition requirements, including classifying investments by type in the investor's separate financial statements. A type of investment may be a subsidiary, an associate, a joint arrangement or a financial asset.
- Measurement requirements
- Disclosure requirements
This course includes interactive learning elements, video content, and real-life application through case studies.
Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.
Objectives:
Learning Outcomes
- Identify which entities must prepare consolidated financial statements and what exemptions are available.
- Recall how the principle of control, as defined in IFRS 10, is applied to determine whether an investor (parent) controls another entity (investee).
- Indicate how the accounting requirements are applied to prepare consolidated financial statements as defined in IFRS 10.
- Recall how investments are recognized in the separate financial statements of the investor.