Consolidated Financial Statements (IFRS 10) and Separate Financial Statements (IAS 27)

Format

Course - Online

Duration

1h 30m

This course is part of the IFRS Certificate Program and provides a foundational overview of IFRS 10, Consolidated Financial Statements, and IAS 27, Separate Financial Statements.

Learning outcomes

• Identify which entities must prepare consolidated financial statements and what exemptions are available.
• Recall how the principle of control, as defined in IFRS 10, is applied to determine whether an investor (parent) controls another entity (investee).
• Indicate how the accounting requirements are applied to prepare consolidated financial statements as defined in IFRS 10.
• Recall how investments are recognized in the separate financial statements of the investor.

£19.00 (CIMA members only)

£25.00

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Product information

Overview

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today’s global business environment.

This course addresses requirements of IFRS 10, Consolidated Financial Statements, including the following:

• Defining control • Exemptions from the consolidation requirements • Investment entity accounting • Consolidation procedures • Consolidated statement of financial position • Consolidated statement of profit or loss and other comprehensive income • Goodwill

Also, this course addresses requirements of IAS 27, Separate Financial Statements, including the following:

• Recognition requirements, including classifying investments by type in the investor’s separate financial statements. A type of investment may be a subsidiary, an associate, a joint arrangement or a financial asset. • Measurement requirements • Disclosure requirements

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program

Who should take this course?

• Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS

Professional development

This Course - Online offers 1.5 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:	None
Duration:	1h 30m
Format:	Course - Online
Access:	This is a digital product. You will have access to the content for a year after purchase date.

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