Programme Objective

To discuss and illustrate the issues related to the preparation and presentation of consolidated financial statements (consolidated statement of financial position and consolidated statement of profit or loss and other comprehensive income) in the Singapore context for groups with subsidiaries and associates.

This one-day course will cover all the basic consolidation adjustments involving subsidiaries and associates and is very much hands-on. After this one-day course, participants should be able to prepare the consolidated financial statements.

Programme Outline

• Introduction
  • who has to present consolidated financial statements
  • who is exempted
• Consolidation adjustments for subsidiaries
  • add across
  • fair value adjustment / purchase price allocation
  • goodwill on consolidation
  • non-controlling interests
  • pre-acquisition and post-acquisition reserves
  • inter-company transactions and unrealised profits/losses
• Consolidation adjustments for associates
  • adjustments from cost to equity accounting
  • direct associate
  • indirect associate

Training Methodology
 

Lecture style with exercises / case studies

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Accountants who have to prepare consolidated financial statements and auditors who have to verify the appropriateness of the financial statements.

Programme Facilitator(s)