Course Detail(A290v : Advanced Level Issues in Consolidation (Live Webinar))
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UTAP Funding

A290v : Advanced Level Issues in Consolidation (Live Webinar) NEW

3.50 CPE Hours (Category 1)
Live Webinar

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.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees
Date & Time

16 Sep 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 220.18
For Non-Members: $ 261.60

Programme Facilitator(s)

Dr. Pearl Tan

Venue

Online Classroom in or outside of
Singapore

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)


Dr Pearl Tan

 

Dr Pearl Tan is an Associate Professor (Education) in Accounting at Singapore Management University (SMU). Dr Tan has won a number of teaching awards in SMU and also in Nanyang Technological University, where she previously taught. Dr Tan also conducts seminars for professional and government bodies, major companies and auditing firms. Dr Tan has an active interest in the development of accounting standards and provides feedback to policy-making bodies.  She has co-authored two books on IFRSs hat are used by a number of Asian universities.

 

Dr Tan had served as a member of the Advisory Committee for Accounting Standards for Statutory Boards, and the Financial Reporting Committee of the Institute of Singapore Chartered Accountants. She was awarded the Public Administration Medal (Bronze) in 2015.

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.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Dr Pearl Tan

 

Dr Pearl Tan is an Associate Professor (Education) in Accounting at Singapore Management University (SMU). Dr Tan has won a number of teaching awards in SMU and also in Nanyang Technological University, where she previously taught. Dr Tan also conducts seminars for professional and government bodies, major companies and auditing firms. Dr Tan has an active interest in the development of accounting standards and provides feedback to policy-making bodies.  She has co-authored two books on IFRSs hat are used by a number of Asian universities.

 

Dr Tan had served as a member of the Advisory Committee for Accounting Standards for Statutory Boards, and the Financial Reporting Committee of the Institute of Singapore Chartered Accountants. She was awarded the Public Administration Medal (Bronze) in 2015.

Upcoming Schedule

Date & Time

16 Sep 2024 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)

For Members: $ 220.18
For Non-Members: $ 261.60

Programme Facilitator(s)

Dr. Pearl Tan

Venue

Online Classroom in or outside of
Singapore


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