Course Detail()
Not Available

UTAP Funding

3.50 CPE Hours (Category 1, Category 2, Category 3, Category 4Category 5, Others)
Classroom

To reduce the environmental impact and contribute to sustainability efforts, ISCA will contribute our part by eliminating the printing of course materials for selected courses with effect from 2023.

Tips: To make your paperless learning experience more enjoyable, you may bring along a digital device such as a Windows based laptops or tablets to read your online materials during the class. QR code will be provided in the class for you to download the materials in PDF.

Join us and be a Difference Maker!

 


 

Programme Objective

This course explains and illustrates some advanced level issues in consolidation, with primary focus on changes in ownership interests, with and without change in control and multi-level consolidation. The relevant principles and requirements of FRS 110 Consolidated Financial Statements and FRS 103 Business Combinations which relate to these advanced level issues will be highlighted during the seminar. The course builds upon the participant’s understanding of basic consolidation principles.

Programme Outline

 

  • Basic recapitulation of fundamental consolidation principles
    • Acquisition Method under IFRS 3
    • Elimination of intra-group transactions
  • Analytical check or proofs
    • Non-controlling interests
    • Consolidated retained earnings
  • Four scenarios - Changes in ownership interests with and without change in control
    • Gain in control
    • Loss of control
    • Increase in ownership interests after obtaining control
    • Decrease in ownership interests without loss of control
  • Multi-level consolidation – the simultaneous method
    • Exemptions from sub-consolidation
    • Indirect and direct controlling and non-controlling interests
    • Calculation of goodwill for sub-group
    • Consolidation adjustments under the simultaneous method


Training Methodology

Lecture style with exercises/case studies.

The seminar will feature many illustrative examples and will adopt a hands-on approach of practical application for participants.

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Accountants who are keen to bring their consolidation knowledge to a higher level.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)

To reduce the environmental impact and contribute to sustainability efforts, ISCA will contribute our part by eliminating the printing of course materials for selected courses with effect from 2023.

Tips: To make your paperless learning experience more enjoyable, you may bring along a digital device such as a Windows based laptops or tablets to read your online materials during the class. QR code will be provided in the class for you to download the materials in PDF.

Join us and be a Difference Maker!

 


 

Programme Objective

This course explains and illustrates some advanced level issues in consolidation, with primary focus on changes in ownership interests, with and without change in control and multi-level consolidation. The relevant principles and requirements of FRS 110 Consolidated Financial Statements and FRS 103 Business Combinations which relate to these advanced level issues will be highlighted during the seminar. The course builds upon the participant’s understanding of basic consolidation principles.

Programme Outline

 

  • Basic recapitulation of fundamental consolidation principles
    • Acquisition Method under IFRS 3
    • Elimination of intra-group transactions
  • Analytical check or proofs
    • Non-controlling interests
    • Consolidated retained earnings
  • Four scenarios - Changes in ownership interests with and without change in control
    • Gain in control
    • Loss of control
    • Increase in ownership interests after obtaining control
    • Decrease in ownership interests without loss of control
  • Multi-level consolidation – the simultaneous method
    • Exemptions from sub-consolidation
    • Indirect and direct controlling and non-controlling interests
    • Calculation of goodwill for sub-group
    • Consolidation adjustments under the simultaneous method


Training Methodology

Lecture style with exercises/case studies.

The seminar will feature many illustrative examples and will adopt a hands-on approach of practical application for participants.

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Accountants who are keen to bring their consolidation knowledge to a higher level.

Programme Facilitator(s)


No course instances or course instance sessions available.