This online course has been designed to provide the learner with a basic understanding of the key accounting principles in order to consolidate investments in subsidiaries, associates and joint ventures.
This online course will address the following important questions relevant to consolidations:
- When should a parent prepare consolidated financial statements?
- How should I classify and account for my investment (subsidiary / associate / joint venture / joint operation or other type of interest)?
- How do I perform a basic consolidation of my subsidiary?
- When and how should I apply equity accounting in respect of an investment?
The course covers IFRS 10 Consolidated Financial Statements, IFRS 11 Joint arrangements and IAS 28 Investments in Associates and Joint Ventures.
The course does not cover IFRS 3 Business Combinations or IFRS 12 Disclosure of Interest in Other Entities.
The course is broken down into 2 sessions. Each session is followed by a short quiz to test the knowledge gained.
The course notes and material include practical examples to illustrate, explain and practically apply the theory discussed.
After successfully completing the course, you will receive a certificate of completion (3.5 CPD/CPE hours).