Programme Objective

The training aims to give practical insights into the preparation of group accounting, consolidation methods and the new standard on control (FRS 110). In addition to this the training will highlight the concept of Joint Arrangements and the accounting for Joint Operations and Joint Ventures.

Programme Outline

• Overview of IASB project and current trends
• FRS 110 – Control Concept
• Power over relevant activities
• Variable returns
• Control
• FRS 111 Joint Arrangements
• Differences between joint operations and joint ventures
• Consolidation under FRS 28 (at equity) and FRS 111 (single asset consolidation)
• FRS 103 (R) – Business Combination
• Identifying the acquirer
• Determining the acquisition date and consideration transferred
• Recognizing and measuring identifiable assets acquired, liabilities assumed, and non-controlling interest
• Contingent consideration
• Reacquired rights
• Contingent liabilities
• Indemnification assets
• FRS 27 (R) Consolidated financial statements
• Consolidation requirements and procedures
• Accounting for non-controlling interests
• Accounting for changes in ownership interests
• Summary

Training Methodology

Lecture style, with hands-on exercises

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate Level programme intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the programme beneficial.

Programme Facilitator(s)