Commitment: You are committed to your training. Connect to your participant space and complete your preparatory questionnaire. Your trainer will receive your progress objectives. Self-assess your skills to track your progress at the end of your training.

Clarifying the Regulatory Framework and Process for Preparing Consolidated Financial Statements Under IFRS:

• Explain the context and regulatory framework

• The notion of a group and its practical consequences

• IFRS standards: general framework and application to consolidation

• Consolidation methods

• Applicable frameworks according to the financial statements to be prepared

• Key steps in the consolidation process

• Sharing on the regulatory framework for consolidated accounts

Determining the Consolidation Scope Under IFRS:

• Determining the consolidated group: exclusive control (IFRS 10), joint control (IFRS 11), significant influence (IAS 28)

• The notion of control percentage and interest percentage

• Practical case 1/7: determining control percentages and defining applicable consolidation methods

Performing Preparatory Work for Consolidating Accounts Under IFRS:

• Organizing homogenization adjustments to transition from local GAAP to group GAAP consolidation packages

• General principles of adjustments and their impact

• Analysis of common adjustments: acquisition cost of fixed assets, lease contracts, tax provisions

• Practical case 2/7: recording adjustment entries in consolidation packages

Establishing the Consolidated Tax Charge: The Notion of Deferred Tax:

• Identifying deferred tax bases: balance sheet differences, impact of adjustments and reporting elimination entries

• Calculation and tracking methods: accounting, symmetry principle, recognition of deferred tax assets, tax "proof"

• Practical case 3/7: identifying deferred tax bases, determining and tracking the tax charge

Converting Financial Statements in Foreign Currencies to the Consolidation Currency:

• The notion of "functional" currency

• Applicable conversion methods

• Practical case 4/7: converting accounts in foreign currencies over several periods

Executing Key Consolidation Operations for Group Entities Under IFRS:

• Eliminating internal group transactions

• Identification, reconciliation, and elimination of reciprocal accounts: purchases-sales, receivables-payables, etc.

• Elimination of internal profits: asset sales, provisions, dividends

• Elimination of equity investments in integrated entities

• Sharing equity between the group and minorities

• Specific points of the equity method

• Practical case 5/7: recording elimination entries for inventory margins and deferred taxes, and eliminating equity investments

Handling the First Consolidation of an Entity in a Control Acquisition:

• Key points of control acquisitions: determining acquisition cost, evaluating acquired assets and liabilities, accounting for revaluation differences, determining goodwill

• Subsequent tracking of control acquisition

• Practical case 6/7: handling the consolidation of a control acquisition and subsequent tracking; eliminating equity investments and sharing equity in the consolidated balance sheet

Handling the First Consolidation of an Equity-Accounted Entity:

• Considering revaluation and acquisition differences

• Treatment of acquisition costs

• Practical case 7/7: applying the equity method to an entity and presenting its impact on the consolidated balance sheet and income statement

Explaining the General Structure of Consolidated Financial Statements Under IFRS:

• The consolidated balance sheet and income statement

• Other documents: statement of comprehensive income, statement of changes in equity, cash flow statement, notes

• Group workshop: reviewing different document structures constituting the financial statements through the review of a group's IFRS financial statements

Throughout the training, a continuous practical case is used to apply the various topics covered and develop a consolidated balance sheet and income statement.

Transfer: Your training journey continues in your participant space. Log in to access resources, self-assess your acquired skills, and facilitate the implementation of your commitments in your professional context. Evaluate yourself online: key points of IFRS consolidation (MCQs and tests).