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32 - AAU - Accounting and Financial Auditing

AAU 120 - Preparing Consolidation Report

Code Start Date Duration Venue
AAU 120 08 August 2022 5 Days Istanbul Registration Form Link
AAU 120 03 October 2022 5 Days Istanbul Registration Form Link
AAU 120 28 November 2022 5 Days Istanbul Registration Form Link
AAU 120 19 December 2022 5 Days Istanbul Registration Form Link
Please contact us for fees


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