IFRS - IFRS 10 Consolidated Financial Statements
|CPD Hours:||Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
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
☒Financial managers ☒Auditors ☒Bookkeepers ☒Financial accountants ☒Audit managers ☒Audit partners ☒Engagement Quality Control Reviewers