Group accounting - fundamentals

Member price: £361 + VAT

Non-member price: £700 + VAT

Timing: 9.30am-4.30pm

Overview

This one-day course will refresh your knowledge of group accounting principles under both FRS 102 and IFRS Standards, highlighting differences where they exist. You’ll also gain a practical spreadsheet based methodology for the preparation of consolidated financial statements in groups with a simple structure.

For each element of the course, the underlying principles are considered and the practical spreadsheet approach is illustrated using case studies.

Consider this companion course Group Accounting - Advanced on complex group structures, foreign subsidiaries, group restructurings, associates and joint ventures.

Who should attend

This course is for anyone who requires a refresher in practical group accounting techniques, or whose group accounting knowledge is purely exam based. It will be particularly useful to professionals moving into a group accounting role.

The spreadsheet based consolidation methodology and knowledge you’ll gain from this course will allow you move into an accounting role in a group with a simple structure.

What you will learn

By the end of this course, you’ll have a thorough understanding of the fundamentals of group accounting. Detailed coverage will include:

• The requirements for, and aims of, consolidated accounts
• Identification of subsidiaries
• Exclusions and exemptions
• Fundamental principles of consolidation
• The Consolidated Statement of Financial Position
  • The spreadsheet-based approach
  • Pre and post-acquisition reserves
  • Goodwill
  • Non-controlling interests
  • Purchase accounting adjustments (the fair value exercise)
  • Elimination of intra-group items
• The Consolidated Statement of Comprehensive Income
  • The basic spreadsheet approach
  • Intra-group items
  • Mid-year acquisitions
• Conclusion
  • The unified spreadsheet approach
  • Differences between FRS 102 and IFRS Standards

Questions?

BPP | Tel: 0330 060 3303 | Email: ldicas@bpp.com