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Consolidated Financial Reporting

Available Until

**OnDemand**

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.

Non-Member Price $89.00

Member Price $69.00