When faced with the daunting task of preparing a set of group financial statements for entities that are required to consolidate, there is often a fair amount of panic and uncertainty for finance professionals as well as auditors.
This session will look to break down the daunting consolidation process into bite-sizes, ensuring that you
- Follow the technically correct consolidation procedures of IFRS 10 when preparing consolidated financial statements, as well as,
- Practically equipping you through the use of examples, to help visualise typical consolidation entries and goodwill calculations.
This session will unpack several key questions when consolidating:
• Who must prepare consolidated financial statements?
• Are standalone financial statements also required?
• When do I have “control” over another entity, leading to the need to consolidate?
• What are the consolidation procedures / entries for preparing consolidated financial statements?
• Practical examples to illustrate typical consolidation entries
