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4 - AAU - Accounting and Financial Auditing
AAU 120 - Preparing Consolidation Report
Code | Start Date | Duration | Venue | |
---|---|---|---|---|
AAU 120 | 21 October 2024 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 25 November 2024 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 30 December 2024 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 27 January 2025 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 24 March 2025 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 19 May 2025 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 14 July 2025 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 08 September 2025 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 03 November 2025 | 5 Days | Istanbul | Registration Form Link |
AAU 120 | 29 December 2025 | 5 Days | Istanbul | Registration Form Link |
Course Description
Consolidating is the combination of assets, liabilities and other financial items of two or more entities into one. It is applied to large companies which are made up of smaller ones. Consolidation involves taking multiple accounts or businesses and combining the information into a single point. It is the responsibility of the parent company. In this course, participants will learn how to create consolidated financial statements. They will learn how to look for the right information within a short time, and put everything together in a concise way.
Course Objectives
- Understanding IFRS 10 Consolidated Financial Statements
- Preparing financial statements for subsidiaries
- Defining the principle of control
- Setting out the accounting requirements
Who Should Attend?
- Accounting professionals
- Budget holders
- Finance professionals
- Stakeholders
- Managers
- Anyone who needs to know about organizational finance
Course Details/Schedule
Day 1
- Definition of consolidation
- When to use consolidation report
- Consolidation in financing
- Consolidation in business
- Consumer debt consolidation
- Reasons to improve consolidation and reporting process
- Investment entities
Day 2
- IFRS 10 Consolidated Financial Statements
- Objectives of IFRS 10
- Controlling number of entities
- Principle of control
- Accounting requirements
Day 3
- Steps of consolidation procedure
- Determining subsidiaries
- Sources of information
- Synthesizing information in one sheet
Day 4
- Creating a consolidated balance sheet
- Creating a consolidated income statement
- Eliminating duplicate values
- Exceptions in IFRS 10
Day 5
- Drivers of an efficient process
- IT tools
- Changes in the ownership interests
- Loss of control