(Click Category to List Courses)

4 - AAU - Accounting and Financial Auditing

AAU 121 - Financial Statements Consolidation & Investment Accounting

Code Start Date Duration Venue
AAU 121 15 July 2024 5 Days Istanbul Registration Form Link
AAU 121 19 August 2024 5 Days Istanbul Registration Form Link
AAU 121 23 September 2024 5 Days Istanbul Registration Form Link
AAU 121 28 October 2024 5 Days Istanbul Registration Form Link
AAU 121 02 December 2024 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

  • Recognizing the process of consolidating financial statements.
  • Identifying business combinations and their related transactions.
  • Applying the acquisition method for business combinations.
  • Accounting for goodwill and non-controlling interests.
  • Identifying different types of financial instruments and accounting methods for each.
  • Accounting for transactions according to fair value method, equity method and amortized cost.
  • Recognizing differences and similarities between International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting Principles

Who Should Attend?

  • Accounting professionals
  • Budget holders
  • Finance professionals
  • Stakeholders 
  • Managers 
  • Anyone who needs to know about organizational finance 

Course Details/Schedule

Day 1

  • Financial Instruments
  • Categories of Investments
  • Presentation of Financial Instruments
  • Distinguishing Liabilities from Equity
  • Classification of Instruments:
  • Held-to-Maturity Debt Securities (HTM)
  • Trading Securities
  • Available-for-Sale Securities (AFS)
  • Fair Value through Profit and Loss Option
  • Determining Fair Value
  • Initial and Subsequent Measurement
  • Reclassification and Transfer between Categories
  • Constraints on Reclassifications
  • Derecognition of Financial Instruments
  • Impairment of Financial Assets Carried at Amortized Cost
  • Impairment of Financial Assets Carried at Fair Value
  • Impairment of Financial Assets Carried at Cost
  • Accounting for Sales of Financial Instruments
  • The Recent Accounting Updates According to IFRS 9

Day 2

  • Investments in Associates
  • Accounting Based on the Equity Method
  • Situations when Cost Method is Applicable
  • Differences in Fiscal Year
  • Intercompany Transactions between Investor and Investee
  • Accounting for a Partial Sale or Additional Purchase of Equity Investment
  • Change in Level of Ownership or Degree of Influence
  • Accounting for Impairment

Day 3

  • Transactions Accounted for as Business Combinations
  • Defining a Qualifying Business
  • Structures of Business Combinations
  • IFRS and US GAAP Consideration
  • Accounting for Business Combinations
  • Applying the Acquisition Method
  • Identifying the Acquirer
  • Recognizing and Measuring the Identifiable Tangible and Intangible Assets Acquiredand Liabilities Assumed
  • Classifying or Designating Identifiable Assets Acquired and Liabilities Assumed
  • Recognizing and Measuring any Noncontrolling Interest
  • Measuring the Consideration Transferred
  • Recognizing and Measuring Goodwill or Gain from a Bargain Purchase
  • Acquisition Related Costs
  • Accounting for Gain on Bargain Purchase Option

Day 4

  • Consolidated Financial Statements
  • Defining "Control"
  • Changes in Ownership Interest without Loss of Control
  • Changes in Ownership Interest Resulting in Loss of Control
  • Consolidation Procedures
  • Intercompany Transactions and Balances

Day 5

  • Post Combination Measurement and Accounting
  • Reacquired Rights
  • Contingent Liabilities
  • Indemnification Assets
  • Contingent Consideration
  • Goodwill and Gain on Bargain Purchase Options
  • Measurement of Goodwill
  • Impairment of Goodwill