Accounting for and auditing groups

Date:
7 April 2017
Time:
1.30pm-4.45pm
Location:
Edinburgh, Glasgow

Member price: £136 + VAT

Non-member price: £160 + VAT

Please note, the ICAS member discount will be applied after checkout.


Glasgow, 7 April 2017
Edinburgh, 12 September 2017
Glasgow, 22 November 2017 

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The preparation of consolidated financial statements is a challenging task for accountants working in professional practice and industry. The related rules are diverse and will change when FRS 102 takes effect for accounting periods commencing on or after 1 January 2015. 

The audit of groups is governed by ISA 600, a standard which regulators tell us is often misunderstood and poorly executed.

This half-day seminar will be based around a practical case study, which will highlight all the main problem aspects and identify important changes that will be ushered in when FRS 102 takes effect.

What you will learn

After attending this seminar you will be able to:

  • Prepare error free consolidated financial statements which include all relevant disclosures required by accounting standards and company law;
  • Appreciate the key changes to consolidation mechanics that will take effect when UK GAAP changes in 2015;
  • Understand how the framework for audit applies in medium-sized and large groups in the UK; and
  • Produce audit files that are ISA 600 compliant.

Who should attend the seminar?

  • Staff working in industry and professional firms of accountants who produce and audit consolidated financial statements.

The audit content in the seminar is particularly relevant to professional firms of accountants but also provides a useful insight for others about what auditors look for when carrying out their work.

Full speaker list

Auditing speakers

Our group of presenters have worked across both the private and public sectors within external audit, financial accounting, management accounting and internal audit. They have experience both working in these fields and delivering seminars in the areas of governance, risk, value for money and fraud to managers with a broad range of backgrounds (financial and non-financial).

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Content overview of the course

The seminar will cover the following specific topics:

  • Exemptions and exclusions from consolidation – under old GAAP and new GAAP
  • The essential mechanics of consolidation
  • The treatment of goodwill – key trips and traps and how these will change under FRS 102
  • Accounting for group reconstructions
  • Accounting for associates, joint ventures and joint arrangements
  • The five most common problems when applying ISA 600 and how to resolve them – a file reviewer’s perspective

Location

Edinburgh, Glasgow

Contacts

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

Topics

  • Audit and Assurance
  • Training courses
  • Edinburgh
  • Glasgow and West

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