Intermediate Group Accounts

Preparing consolidated financial statements for a group is not a straightforward endeavour. Subtle differences in the relationship between companies can spell significant differences in the reporting requirements for the group. Additional complexities such as foreign activities, intra-group trading and dividends can further complicate the process. And, on top of this, there is an array of international financial reporting standards that need to be adhered to if the group is to remain IFRS compliant. 

In this course, we build on the concepts introduced in our ‘Fundamental Group Accounts’ course to tackle some of these more complex scenarios you may encounter in group accounting.

Provides 21 hours of CPD

What you’ll learn:

    • How to apply the relevant financial reporting standards, including IAS 1, IFRS 11, IAS 21 and IAS 28, to ensure the organisation remains IFRS compliant
    • How to identify each of the key types of inter-corporate investments: financial assets, associates, business combinations and joint arrangements, so that you can then apply the correct accounting treatment 
    • The process for accounting for associates in the consolidated financial statements
    • How to account for the two key types of joint arrangements: joint operations and joint ventures, in the consolidated financial statements
    • The factors to consider when determining the functional currency (the primary currency an entity operates in) for recording the organisation’s day-to-day operations
    • The factors to consider when determining the presentation currency for the organisation’s financial statements so that an appropriate currency is chosen
    • How to record foreign currency transactions, including monetary and non-monetary items, in the financial statements under IAS 21 
    • How to correctly account for a foreign operation in the consolidated financial statements 
    • The process for preparing the consolidated statement cash flows and consolidated statement of changes in equity, so that you can produce these financial statements for a parent company
    Applying what you learn:
    In this course, we also offer you a range of practice questions that you can use to reinforce your learning and cement your knowledge. By the end of this course, you will have the tools you need to successfully prepare group accounts for your client or company!
    What’s included in the course?

    Videos

    • Thoroughly explores the concepts, theories and models for this topic
    • The content is professionally explained by our expert tutors alongside a visual presentation
    • Come with downloadable audio files so you can listen to the content offline and on the go

    Handbooks

    • Full coverage of the video content using engaging and easy-to-follow language
    • A range of examples to show you how these concepts might apply to real-life situations, e.g. in finance
    • A practical exercise for each module based on the subject’s application in a finance team
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    Practice questions

    • A series of questions designed to test your understanding of what you’ve learnt on the course
    • Designed to get you to apply what you’ve learned to scenarios and commit the theory to memory

    Presentation slides

    • The visual presentation from the video can be accessed for note-taking and for browsing alongside the video or audio download
    • Can be viewed as still slides or in an interactive format to move around the screen
    Purchasing the course
    To purchase this course, simply add the course to your basket with the button below and then either proceed to checkout or continue browsing for more CPD courses…

    Astranti CPD Course:
    Intermediate Group Accounts

    £269.00

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