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Consolidated Financial Statements: preparing them in an international context (ROI/NI)

Summary

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

Format

This course will be delivered over two half-days via Zoom on 29 and 30 October 2024 from 2.00 pm to 5.00 pm. 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 or controllers working in an Irish company which prepares IFRS consolidated statements for the group or for a European sub-group.
Accountants or controllers working in an Irish company with a foreign parent which prepares IFRS consolidated statements.
Auditors of the above companies.
Analysts or fund managers who are interested in IFRS consolidated annual reports.

Course overview

The scope of the group under IFRS and Irish law. Which entities are included and which excluded?
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.
Identifying and accounting for joint ventures and associates.
Accounting for sales of group companies.
Foreign currency translation.
Illustrations with real annual reports.
Summary of important differences between IFRS, US GAAP and FRS 102 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 how to account 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 FRS 102 and US GAAP
Better understand instructions coming from group controllers in the US, UK or continental Europe

Speaker bio

Chris Nobes 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 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

This course is also available for in-house training. If you're interested, please contact our team here or call us at (+353) 01 523 3989

Category:

Audit and assurance, Financial reporting

People at meeting

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