Learning Objectives

• Evaluate the process of preparing consolidated financial statements

• Control the scope and methods of consolidation

• Implement key controls related to evaluation methods and adjustments

• Conduct controls related to consolidation entries

• Detect potential errors in the presentation of consolidated financial statements

Training Program 

Commitment

Engage in your training. Log in to your participant space and complete your preparatory questionnaire. Your trainer will receive your progress goals. Self-assess your skills to track your progress after the training.

Evaluate the Process of Preparing Consolidated Financial Statements

• Specify the framework and organization of consolidation

• Applicable frameworks

• The consolidation approach and steps

• Consolidation organization: centralized/decentralized

• Consolidation tools: schedule, consolidation manual, software

Operate Controls at Each Stage of the Consolidation Process

• Different tasks at each stage of the consolidation process

• Synthesis workshop: develop a consolidation manual plan

Control the Scope and Methods of Consolidation

• Determine and verify the consolidation scope

  • Obligation to consolidate: for which groups?

  • Control percentage: methods, difficulties

  • Case study on controlling the consolidation scope

• Verify the application of consolidation methods

  • Consolidation methods (full consolidation, other methods): methods, difficulties

  • Case study on consolidating a sub-group

Implement Key Controls Related to Evaluation Methods and Adjustments

• Implement and control adjustments

  • Identifying adjustment types: differences between local methods and group methods, adjustment typology and divergences.

  • Controlling consolidation adjustments: points of vigilance, means to implement

  • Case study on adjusting a lease contract

• Control deferred taxes

  • Basic principles and sources of deferred taxes

  • Exceptions to the balance sheet approach

  • Deferred tax assets: conditions

  • Evaluating deferred taxes

  • Recognizing and presenting deferred taxes in consolidated financial statements

  • Tax proof

  • Points of vigilance and means to implement

  • Case study on controlling deferred taxes and tax proof

Conduct Controls Related to Consolidation Entries

• Verify reciprocal operations

  • Guiding principles

  • Reconciliation and adjustment procedures

  • Liaison accounts

  • Practical exercise on controlling reciprocal operations

• Ensure the elimination of internal results

  • Guiding principles

  • Main cases

  • Elimination methods

  • Case study on eliminating internal results

• Convert accounts of subsidiaries outside the Eurozone

  • Methods

  • Illustration: closing rate method

  • Points of vigilance

  • Workshop on explaining conversion differences

• Control the treatment of perimeter changes

  • Perimeter entry: fully consolidated entity

  • Subsidiary disposal

  • Main methods; differences in treatment between Local rules and IFRS

  • Points of vigilance

  • Case study on perimeter entry - Subsidiary disposal

Detect Potential Errors in the Presentation of Consolidated Financial Statements

• Control the statement of changes in equity

  • Origin of changes in consolidated equity

  • Statement preparation approach

  • Impact of perimeter changes

  • Points of vigilance and means to implement

  • Case study on controlling the statement of changes in equity

• Control the cash flow statement

  • Presentation and construction of the statement

  • Main difficulties

  • Points of vigilance and means to implement

  • Case study on controlling the cash flow statement

Transfer

Your training journey continues in your participant space. Log in to access resources, self-assess your skills acquired during the training, and facilitate the implementation of your commitments in your professional context.

Key Points

• Numerous cases and illustrations

• Acquisition of a step-by-step work methodology

Who Should Attend This Training?

• Consolidators

• Accounting Managers

• Chartered Accountants

• Auditors

• Engagement Leaders

• Auditors

• Anyone experienced in consolidation wanting to acquire techniques for controlling consolidated accounts

Prerequisites

Knowledge of consolidation techniques or the level of the training courses:

• Techniques of Consolidation in IFRS: Principles and Methods (1106)

• Techniques of Consolidation in Local Rules: Principles and Methods (1108)

Teaching Methods

• Structured training device around skill transfer

• Acquisition of operational skills through practice and experimentation

• Collaborative learning during synchronous moments

• Learning path in several stages to allow engagement, learning, and transfer

• Training promoting participant engagement for better anchoring of teachings

Satisfaction and Evaluation

• Competency evaluation will be carried out throughout the training by the participant (self-evaluation) and/or the trainer according to the training modalities.

• Online evaluation of the training action in your participant space:

  • Immediate, at the end of the training, to measure your satisfaction and perception of your skill development in relation to the training objectives. With your consent, your overall score and comments will be published on our site through Avis Vérifiés, a NF Service Certified solution.

  • Post-training, 60 days after the training to validate the transfer of your acquired skills to the work situation.

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