• Clarify the regulatory framework and the process for preparing consolidated financial statements under IFRS

• Perform preparatory work for consolidating accounts under IFRS

• Execute key consolidation operations for group entities under IFRS

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).

• Continuous practical case in Excel throughout the training to provide an overall view of the IFRS consolidation process up to the preparation of the consolidated balance sheet and income statement.

• Review of an example of published financial statements from a CAC 40 group to relate the theoretical aspects of the training to practical application.

• Consolidators

• Accounting Managers

• Chartered Accountants

• Mission Leaders in Accounting Firms

• Employees in Accounting and Finance Functions

• Anyone wishing to learn about consolidation techniques

• Good knowledge of general accounting

• Structured training program focused on skill transfer

• Acquisition of operational skills through practice and experimentation

• Collaborative learning during synchronous moments

• Multi-stage learning path to allow engagement, learning, and transfer

• Training encouraging participant engagement for better anchoring of teachings

• Competence evaluation will be conducted throughout the training by the participant (self-assessment) and/or the trainer according to the training modalities.

• Evaluation of the training action online on your participant space:

  • Immediately after the training to measure your satisfaction and perception of your skill evolution compared to the training objectives. With your consent, your overall rating and comments will be published on our website through Verified Reviews, a NF Service Certified solution.

  • 60 days after the training to validate the transfer of your skills in the workplace.

• Attendance tracking and issuance of an individual training certificate or completion certificate.