Advanced Consolidation Techniques in IFRS: Changes in Scope (IFRS 3, IFRS 10)
Study the effects on consolidated financial statements of business acquisitions (IFRS 3), changes in interests, and loss of control (IFRS 10) and restructuring
This training provides a methodological framework for handling various scope change operations within a group. It covers the cases of gaining control, changes in minority interests during control, and loss of control. A section is also dedicated to equity-accounted entities and the consequences of internal restructuring operations (mergers, internal transfers of shares). You will learn how to determine the impacts of these operations on the consolidated balance sheet and how to control them by analyzing changes in equity. Emphasis will be on practice: numerous cases will allow you to apply the concepts developed. By the end of this training, you will be able to handle such operations within your group.
Learning Objectives
Apply IFRS 3 to business combinations when gaining control
Apply IFRS 10 to subsequent changes in interests after gaining control
Identify the consequences of IFRS 10 in the event of internal restructuring operations
Training Program
Apply IFRS 3 to business combinations when gaining control
Handle gaining control
Scope of IFRS 3: the concept of business
Determining acquisition cost: fair value and conditional price supplements
Identifying and evaluating acquired assets and assumed liabilities: fair value, "fair value option" for minority interests, valuation differences
Determining and tracking goodwill: full goodwill, partial goodwill, the specific case of negative goodwill
Impact of gaining control on the consolidated balance sheet and equity
Subsequent adjustments during the evaluation period
Case study: determine the goodwill to be recognized under IFRS and the impacts of gaining control with minorities on the balance sheet and analyze consolidated equity
Handle the specific case of step acquisition (case of shares held before gaining control)
Revaluation of previously held interest and practical consequences
Impact of step acquisition on the balance sheet and equity in case of transition from equity method to full consolidation
Case study: determine the goodwill and impacts of step acquisition on the balance sheet and analyze consolidated equity under IFRS
Apply IFRS 10 to subsequent changes in interests after gaining control
Measure the impact of additional interest acquisitions in a controlled entity
Additional acquisition of minority interests in case of partial/full goodwill
Impact of additional interest acquisition on the balance sheet and consolidated equity
Case study: determine the impacts on the balance sheet of acquiring minority interests in a subsidiary and analyze consolidated equity in case of partial and full goodwill
Measure the impact of interest disposals to minorities without loss of control
Determining and analyzing the result of disposal
Impact of interest disposal without loss of control on the balance sheet and consolidated equity
Case study: determine the impacts of an interest disposal without loss of control on the balance sheet and control consolidated equity
Measure the impact of interest disposal with loss of control
Determining and analyzing the result of disposal
Impact of interest disposal with loss of control on the balance sheet and consolidated equity
Case study: determine the impacts on the balance sheet of an interest disposal with loss of control and analyze consolidated equity
Handle the case of equity-accounted entities related to IFRS 3 and IFRS 10
Acquisition cost and first consolidation procedures
Subsequent changes in interests
Case study: determine the impacts of first consolidation of an equity-accounted entity and additional share acquisitions on the balance sheet and analyze consolidated equity
Identify the consequences of IFRS 10 in the event of internal restructuring operations
Handle the merger of subsidiaries
Key principles
Consequences on the balance sheet and consolidated equity
Case study: determine the impacts of subsidiary mergers on the balance sheet and consolidated equity
Handle the internal transfer of shares of consolidated entities
Key principles
Consequences on the balance sheet and consolidated equity
Case study: determine the impacts of internal share transfers between subsidiaries on the balance sheet and analyze consolidated equity
Transfer Your training path continues in your participant space. Log in to access resources, self-assess your skills acquired during your training, and facilitate the implementation of your commitments in your professional context.
Key Points
Structure your skills with the memo sheet: key points of IFRS 3
Evaluate yourself through a quiz on the key points of scope changes in IFRS
Who Should Attend This Training
Consolidators
Chartered Accountants
Auditors
Mission Managers in Accounting Firms
Staff from the accounting and finance function with good experience in consolidation
Prerequisities
Have knowledge of consolidation techniques or have the level of training:
Consolidation Techniques in IFRS: Principles and Methods (1106)
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
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PARIS
38 Rue Boulard, 75014, Paris