Consolidated Financial Reporting

Strategy

Course

Consolidated Financial Reporting

  • Format

    Course - Online

  • Level

    Basic

  • Duration

    2h

Identify when consolidated financial statements need to be produced and how to prepare and present the consolidated statement of profit and loss and other comprehensive income, CSPLOCI and the consolidated statement of financial position (CSOFP) with relevant accounting adjustments.

Learning outcomes

  • Identify group accounting and consolidated financial statements.
  • Calculate a consolidated statement of profit and loss and other comprehensive income, CSPLOCI with relevant accounting adjustments.
  • Identify how to develop a consolidated statement of financial position (CSOFP) with relevant accounting adjustments.

£45.00 (CIMA members only)

£55.00

VAT calculated on checkout

Product information

Overview

Consolidated Financial Reporting

Consolidated financial statements present the financial position of a parent and its subsidiaries as if the consolidated group were a single economic entity. This course provides an overview of the basics of consolidation when the parent owns less than 100% of the equity shares of the subsidiary. Managers should recognize the relevant accounting adjustments to prepare a CSPLOCI and CSOFP.

Value added topics

  • Basics of consolidation
  • Goodwill, NCI, group retained earnings
  • Bargain Purchase
  • Mid-year Acquisitions
  • Fair Value Adjustments
  • Intragroup Transactions

Gain practical experience.

The practical hands-on exercises use real-world examples such as case studies and scenarios and are designed to give you the skills to evaluate business performance and get a deeper understanding of various ways to improve the business performance and align with organization goals. This consolidated financial reporting topic can assist the decision-making process by focusing on the appropriate consolidation adjustments to remain a long-term, viable going concern.

This is a standalone course but if you’re interested in more of this type of learning while earning a designation, explore the CGMA® Finance Leadership Program.

Who should take this course?

  • Global accounting and finance professionals
  • Management accounting professionals
  • Controllers
  • CFOs
  • Finance vice presidents
  • Finance directors
  • CPAs and CAs

Professional development

This Course - Online offers 2 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Business Management and Organization
Prerequisites:None
Programme level:Basic
Duration:2h
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£45.00 (CIMA members only)

£55.00

VAT calculated on checkout