Producing consolidated statements - Workshop 2016

The program will introduce the participants to the concept and standards of consolidated financial statement. Using a step by step approach, participants will learn how to prepare consolidated financial statements under FRS. The training includes examples on capital consolidation, consolidation of receivables and liabilities and consolidation of intragroup profit and losses.

Consolidation Framework
(New Standards FRS 110, FRS 111 and FRS 112)
Consolidated Financial Statements – Subsidiaries And Associates
Determining Control And Significant Influence
Consolidation Requirements And Procedures

Identification And Consolidation Of Associates
Equity Accounting Requirements And Procedures
Disclosures

Identification And Consolidation Of Joint Ventures (Joint Arrangements)
Equity Accounting Requirements And Procedures
Disclosures

Acquisition Accounting – FRS103(R) and FRS 27(R)
Identifying A Business Combination
Identifying The Acquirer
Control Concept And Potential Voting Rights
Determining The Acquisition Date And Consideration Transferred
Indemnification Assets
Contingent Consideration
 
Acquisition Accounting – FRS103(R) and FRS 27(R)
Recognising And Measuring Identifiable Assets Acquired, Liabilities Assumed
• Contingent Liabilities
• Leasing Contracts
• Intangible Assets
Recognition Of Non-Controlling Interest
Recognising And Measuring Goodwill Or A Gain From A Bargain Purchase

This workshop is part of the Finance Operations Development Program and eligible for funding support of up to 43% off the course price. Eligibility conditions apply.

Enter code FUND10 at checkout. To apply the promotional code, you must complete separate payment for each workshop.

 

Learning objectives

The following are the learning outcomes of the program:
• Examine practical issues faced by companies when accounting for consolidation
• Answer questions commonly encountered when implementing these standards
• Gain and understanding of the new standards and stay up-to-date with the latest developments in this area
• Hear insights from the following subject matter expert:

Michél Herrmann
Michel has over 11 years of experience in financial reporting and accounting advisory.  Prior to founding HERRMANN CONSULTING, Michel has worked for PwC (PricewaterhouseCoopers) in Germany and Singapore where he was in charge of the accounting advisory business. During his time with PwC, he worked on various assignments including tax planning, SFRS/IFRS conversions projects, technical accounting advise, IPOs, SEC filings and due diligences across a wide variety of clients. Michel is also a regular speaker in financial conferences and seminars and since fall 2010 a Professor for “Advanced Accounting And Auditing” at the private University of Friedrichshafen (Germany).   Michel received a master degree from the University of Mannheim. He is certified as a German CPA, German Tax Advisor, US CPA and CA Singapore.

Audience

This program is suitable for Accountants, Financial Managers, Finance Controllers and anyone who is interested in the key SFRS requirements and its application.

1 day

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