Overview

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Master consolidated financial reporting under IFRS and learn how to prepare accurate group financial statements in complex business environments. Gain the skills to analyze control, apply consolidation techniques, and interpret disclosures with confidence. This course provides a comprehensive approach to consolidation accounting, focusing on IFRS 10 control principles and real-world application. You will learn how to evaluate control, analyze structured entities, and assess principal–agent relationships using a judgment-based framework. Through practical modules, the course covers acquisition accounting, goodwill recognition, non-controlling interest (NCI), intra-group eliminations, and foreign currency translation. You will also explore advanced topics such as IFRS vs U.S. GAAP differences, joint arrangements under IFRS 11, and disclosure requirements under IFRS 12. By the end of the course, you will be able to prepare consolidated financial statements, interpret complex group structures, and ensure accurate financial reporting in global environments. Ideal for accounting professionals and certification candidates, this course builds technical expertise and confidence required for modern corporate reporting and audit roles.

Syllabus

Foundations of Consolidation & Control under IFRS

This module introduces the conceptual framework of consolidated financial statements under IFRS, focusing on the evolution from IAS 27 and SIC 12 to IFRS 10. It explores the new definition of control, the three elements of control, potential voting rights, and the importance of purpose and design in assessing power over investees.

Control in Complex Structures & Special Entities

This module examines consolidation challenges in complex arrangements, including agency-principal relationships, structured entities, kick-out rights, and transition requirements. It emphasizes judgment-based assessment under IFRS 10 and disclosure requirements under IFRS 12.

Consolidation Procedures & Disclosure

This module focuses on the technical preparation of consolidated financial statements, including acquisition accounting, elimination of intra-group transactions, treatment of non-controlling interest, foreign currency translation, goodwill impairment, and IFRS 12 disclosure requirements.

GAAP, Asset Classification & Joint Arrangements

This module explores advanced reporting topics including IFRS versus U.S. GAAP differences, asset classification, changes in ownership interests, loss of control accounting, and joint arrangement accounting under IFRS 11 using the equity method.