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Online course | PwC

IFRS 10 Consolidated financial statements

Explore the main concepts of IFRS 10 through practical examples

Overview

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When investors buy shares of a parent, they buy into the group and want to know how the group is performing, which can be different from the parent’s performance. In consolidated financial statements, the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are aggregated and presented as one set of accounts.

This course helps you understand the main concepts related to full consolidation. You’ll cover the basic concepts of consolidation and the three basic steps of consolidation using practical examples and interim tests.

You will learn:

  • the purpose of consolidation and when it needs to be carried out
  • the main concepts related to consolidation (parent, subsidiary, group, control, non-controlling interest)
  • the three basic steps of consolidation
  • different types of adjustments that need to be made in consolidation
  • how to calculate non-controlling interest, goodwill or gain on bargain purchase and eliminate intra-group transactions and balances
  • the basic steps of preparing a consolidated statement of financial position and consolidated statement of total comprehensive income.
  • Designed for finance and accounting experts who are familiar with fundamental (local) accounting and reporting processes.
  • Part of the IFRS e-learning series developed by PwC Academy.
  • 12-month access.
Pricing and booking information

Price

Price 30 GBP

Location

Global

Date & time

Ongoing

Book on ACCA Learning

Course providers

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