Preparing IFRS Consolidated Financial Statements


This course explains how to prepare consolidated financial statements in Ireland in he context of IFRS. It contains practical guidance on understanding the rules and on preparing financial statements.

Venue details:  
Chartered Accountants House, , Dublin
Start date & time:  
25 September 2019 09:30
End date & time:  
25 September 2019 17:00
Price: €300.00  (€240.00 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
CPD hours:  
Speaker details
First nameLast name
Chris Nobes


Product type:  
CPD course
Financial reporting

Who should attend

  • Accountants and controllers working in Irish companies which prepare IFRS consolidated statements of a group or of a sub-group
  • Accountants and controllers working in Irish companies which have foreign parent companies
  • Analysts or fund managers who are interested in consolidated annual reports
  • Auditors of the above companies

Course overview

  • The scope of the group under IFRS and Irish law; included and excluded subsidiaries.
  • Identifying joint ventures and associates.
  • Accounting for business combinations; the calculation and subsequent treatment of goodwill.
  • Main features of the preparation of consolidated statements under IFRS.
  • Treatment of non-controlling interests.
  • Accounting for joint ventures and associates in consolidated statements.
  • Accounting for sales of group companies.
  • Illustrations with real annual reports.
  • Summary of important differences between IFRS, US GAAP and Irish GAAP on the above issues.

By the end of this course, participants will be able to:

  • Gain an in-depth understanding of the scope of the group under IFRS, including the nature of subsidiaries, joint ventures and associates.
  • Understand accounting for business combinations and the resulting goodwill.
  • Have detailed practical knowledge of the preparation of consolidated financial statements under IFRS.
  • Appreciate the main differences between IFRS requirements on consolidation and those of Irish GAAP and US GAAP.
  • Better understand instructions coming from group controllers in the US, UK or continental Europe.

Speaker Bio

Christopher Nobes BA, PhD, FCCA is Professor of Accounting at Royal Holloway (University of London) and at the University of Sydney. He was one of the two UK representatives on the Board of the International Accounting Standards Committee from 1993 to 2001. He was the 'Outstanding International Accounting Educator' of the American Accounting Association in 2002, and the winner of the 'Distinguished Academic Award' of the British Accounting and Finance Association in 2015.