M24019 - Consolidation Masterclass - A Nine Hour Package (Webinar)

The theoretical sections of the session aim to equip participants with the required knowledge to exercise the right judgement when determining the necessity to consolidate. The practical component aims to provide attendees with the expertise required for the preparation of consolidated financial statements, aligning with professional standards and requirements.

Overview

SESSION 1 – Theory:This session aims to provide a comprehensive overview of consolidations in financial reporting, addressing:

The Companies that need to consolidate and the companies that do not.
An overview of Companies Act provisions regulating consolidated financial statements.
A compare and contrast exercise between IFRS and GAPSME.
Resolving conflicts between different laws and regulations.
A sound theoretical foundation before applying the practice, i.e. discussion of concepts and practical applications of notions such as control, goodwill, consolidated retained earnings, the main consolidation adjustments and non-controlling interest (NCI).
Concluding theoretical remarks and summaries.

Session 2: Practice (Basic):This session focuses on consolidation techniques through a series of case studies. Participants will gain practical insights into diverse scenarios, including:

Consolidation of a fully-owned subsidiary
Consolidation of a subsidiary that is not fully-owned using the share of net assets method.
Consolidation of a subsidiary that is not fully-owned using the fair value method.
Consolidation of a subsidiary that is also a customer.
Consolidation of a subsidiary that is also a supplier.
Consolidation of a subsidiary that distributed a dividend.
Consolidation of a subsidiary acquired by cash.
Consolidation of a subsidiary acquired by deferred consideration. Consolidation of a subsidiary acquired by granting of acquirer’s shares.
Consolidation of a subsidiary acquired, of which the asset fair values differ from carrying amounts.

Session 3: Practice (Advanced)This session delves into advanced consolidation topics, addressing:

Complex group structures
Subsidiaries in foreign currencies
Impairment issues
Deferred tax issues
Accounting treatment of step-acquisitions:
From no influence to control
From influence to control
From control to control
- Accounting treatment of disposals:
- From control to zero
- From control to no influence
- From control to influence
- From control to control