IFRS Consolidation & Group Reporting Techniques Training Course

This course provides participants with in-depth knowledge and practical skills in preparing consolidated financial statements and group reporting under the International Financial Reporting Standards (IFRS). It covers the principles of consolidation, treatment of investments in subsidiaries, associates, and joint ventures, and addresses complex issues such as business combinations, goodwill, intra-group transactions, and foreign operations. Participants will gain hands-on experience in applying IFRS requirements for group financial reporting, ensuring compliance, transparency, and consistency across entities within a group structure.

Target Groups

• Finance managers and financial controllers.
• Group accountants and reporting specialists.
• Auditors and assurance professionals.
• Accounting consultants and advisors.
• Postgraduate students specializing in IFRS and financial reporting.
• Professionals involved in preparing or reviewing consolidated financial statements.

Course Objectives

By the end of this course, participants will be able to:

1. Understand the key principles of consolidation under IFRS.
2. Prepare consolidated financial statements for groups with subsidiaries, associates, and joint ventures.
3. Apply IFRS 10, IFRS 11, IFRS 12, IAS 28, and IFRS 3 in group reporting.
4. Account for business combinations and calculate goodwill or gain from bargain purchase.
5. Eliminate intra-group transactions, balances, and unrealized profits.
6. Handle non-controlling interests (NCI) and changes in ownership interests.
7. Translate and consolidate foreign operations.
8. Apply fair value adjustments in group reporting.
9. Ensure compliance and consistency across multi-entity group structures.
10. Develop practical consolidation models and reporting templates.

Course Modules

Module 1: Introduction to IFRS Consolidation & Group Reporting

• Overview of group structures and consolidation objectives.
• Key IFRS standards governing group reporting.
• Control, significant influence, and joint control principles.

Module 2: Consolidation Framework under IFRS 10

• Definition of control and identifying subsidiaries.
• Exemptions from consolidation.
• Consolidation procedures overview.

Module 3: Business Combinations & IFRS 3

• Acquisition method of accounting.
• Calculation of goodwill and bargain purchases.
• Measurement of identifiable assets and liabilities.

Module 4: Non-Controlling Interests (NCI)

• Types of NCI measurement: fair value vs. proportionate share.
• Allocation of profits and losses.
• Treatment of partial disposals and step acquisitions.

Module 5: Accounting for Associates & Joint Arrangements

• Equity method under IAS 28.
• Joint operations vs. joint ventures (IFRS 11).
• Disclosure requirements (IFRS 12).

Module 6: Elimination of Intra-Group Transactions

• Elimination of intercompany sales, balances, and dividends.
• Unrealized profits in inventories and fixed assets.
• Adjustments for internal transfers.

Module 7: Consolidation Adjustments & Fair Value Issues

• Fair value adjustments at acquisition.
• Impairment of goodwill and investments.
• Consolidation adjustments in complex group structures.

Module 8: Foreign Operations & Currency Translation

• Functional and presentation currency (IAS 21).
• Translation of foreign subsidiaries.
• Exchange differences and their treatment in group accounts.

Module 9: Complex Group Structures & Advanced Issues

• Multi-layered subsidiaries and cross-holdings.
• Step acquisitions and loss of control scenarios.
• Common control transactions and reorganizations.

Module 10: Practical Consolidation & Group Reporting

• Developing consolidation workpapers and models.
• Group financial statement presentation and disclosures.
• Case study: preparation of consolidated financial statements for a multinational group.