Format
This course will be delivered over two half-days via Zoom on 21 and
22 November 2023 from 2pm to 5pm. The Zoom link will be emailed to
participants the day before the course is due to take place.
This course will follow the Virtual Classroom format and encompass two, three-hour sessions. The online interactive live sessions will utilise the functionality of our online learning platform and will be an engaging, collaborative manner of learning. This session will not be recorded, and therefore attendance is required.
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. Which entities are included and which excluded?
- 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
Key Learning Outcomes
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
Chris Nobes PhD,CA,FCCA Chris is Professor of Accounting at Royal Holloway
(University of London). He was a member of the Accounting Standards Committee of
the UK and Ireland, and a UK representative 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
2003. He won the 'Distinguished Academic Award' of the British Accounting and
Finance Association in 2015.
Contact us
If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at
(+353) 01 523 3930
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