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