Consolidated Financial Reporting
Identify when consolidated financial statements need to be produced and how to prepare and present the consolidated statement of profit and loss and other comprehensive income, CSPLOCI and the consolidated statement of financial position (CSOFP) with relevant accounting adjustments.
NASBA Field of Study
Business Management and Organization
Authored by an extensive network of global SMEs in connection with AICPA and CIMA staff.
Consolidated Financial Reporting
Consolidated financial statements present the financial position of a parent and its subsidiaries as if the consolidated group were a single economic entity. This course provides an overview of the basics of consolidation when the parent owns less than 100% of the equity shares of the subsidiary. Managers should recognize the relevant accounting adjustments to prepare a CSPLOCI and CSOFP.
Value added topics
- Basics of consolidation
- Goodwill, NCI, group retained earnings
- Bargain Purchase
- Mid-year Acquisitions
- Fair Value Adjustments
- Intragroup Transactions
Gain practical experience.
The practical hands-on exercises use real-world examples such as case studies and scenarios and are designed to give you the skills to evaluate business performance and get a deeper understanding of various ways to improve the business performance and align with organization goals. This consolidated financial reporting topic can assist the decision-making process by focusing on the appropriate consolidation adjustments to remain a long-term, viable going concern.
This is a standalone course but if you’re interested in more of this type of learning while earning a designation, explore the CGMA® Finance Leadership Program.
- Global accounting and finance professionals
- Management accounting professionals
- Finance vice presidents
- Finance directors
- CPAs and CAs
- Introduction to group accounts
- Consolidated statement of profit or loss and other comprehensive income (CSPLOCI)
- Consolidated statement of financial position (CSOFP)
- Identify group accounting and consolidated financial statements.
- Calculate a consolidated statement of profit and loss and other comprehensive income, CSPLOCI with relevant accounting adjustments.
- Identify how to develop a consolidated statement of financial position (CSOFP) with relevant accounting adjustments.
Group ordering for your team
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