Accounting Standards
IFRS 10 - Consolidated Financial Statements
Determining Control and Preparing Consolidated Financial Statements Under IFRS 10
1 CPD credit on completion
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About This Course
Course Information
The learning outcomes from this accounting standards CPD course include: Understanding the principles of consolidation Knowing the exemptions from consolidation
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 1 unit of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- Principles of Consolidation (video)
- Principles of Consolidations (quiz)
- Exemptions from Consolidation (video)
- Exemptions from Consolidation (quiz)
What You Will Learn
- Define control under IFRS 10 as having power over the investee, exposure to variable returns, and the ability to use power to affect those returns
- Explain how control is assessed when an investor holds less than a majority of voting rights, including de facto control
- Describe the consolidation procedures for combining the financial statements of a parent and its subsidiaries
- Identify when an entity qualifies for the investment entity exemption and measures subsidiaries at fair value instead of consolidating
- Explain the treatment of non-controlling interests in the consolidated statement of financial position and statement of profit or loss
Who This Course Is For
- Accountants responsible for preparing consolidated financial statements under IFRS
- Auditors assessing control judgements and consolidation procedures
- Finance professionals studying group accounting for professional exams
Prerequisites
- Understanding of parent-subsidiary relationships and why consolidation is required
- Familiarity with the statement of financial position and statement of profit or loss
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Course Details
CPD Credits1
CertificateYes
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