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Consolidated Financial Statement Under IFRS
Rating: 4.6 out of 5(893 ratings)
4,149 students

Consolidated Financial Statement Under IFRS

From Beginners to Advanced - A Complete Course
Created bySyed M Ali Shah
Last updated 11/2025
English

What you'll learn

  • Learn the principles of consolidated financial statements under IFRS
  • Make adjustements to group financial statements
  • Learn how to prepare consolidated Statement of Financial Positions - SOFP
  • Learn how to prepare Consolidated Statement of Comprehensive Income - SOCI
  • Case Studies and Practice Exercises
  • Joint Arrangements
  • Disposal of a Subsidiary

Course content

6 sections54 lectures26h 35m total length
  • Introduction40:24
  • Introduction and Overview23:08
  • SOFP - Net Assets and Goodwill27:30
  • Consideration Types and Treatment10:20
  • SOFP - Consideration6:26
  • Common Adjustments in Consolidation Questions16:34
  • NCI Valuation Methods12:33
  • Unrealized Profit - PUP14:09
  • PUP - Opening Stock and Deferred Tax6:23
  • Short Questions49:58
  • FV and Deferred Tax7:18
  • Case Study - Intra Group Trading and variable Consideration17:16
  • SOFP F7 - Q 306 - Party Co56:16
  • Markup and Margin10:44
  • Intra Group Sale of Assets, Interests and Dividends15:01
  • Income Statement Introduction24:23
  • Income Statement MCQs22:23
  • Consolidation Revision Fair Value, Finance Costs and Others51:21
  • Consolidation Revision - NCI, Goodwill, Impairment, Intragroup Transactions22:08

Requirements

  • Basics of Financial Accounting

Description

Course Overview

It is a complete course on preparation of consolidated financial statements under IFRS. This course includes the theoretical knowledge from IFRS standards explained in detail followed by many case studies, detailed scenarios and questions solved and explained.  The course includes IFRS standards which are related to group accounts such as.

We start with the very beginning, level zero, and then gradually move towards more complicated scenarios to address the advanced issues related to consolidated financial statements.

IFRS 3

IFRS 10

IFRS 11

IAS 28

The course focuses on learning through practice questions and this the reason the course lecture videos are more than seventy percent on doing practice questions and exercises with detailed explanation.  I believe that doing questions is the best way to understand the process of consolidation.


Who should enrol in this course?

This course is prepared for Accounting and Finance Professionals as well as students from ACCA, CIMA, CA, ICAEW, BBA, MBA and others studying Financial Accounting under IFRS


About the Instructor

A qualified accounting and finance professional with over twenty years of extensive experience in diversified industry sectors such as auditing, large scale manufacturing and oil and gas.

Like most accounting and finance professionals, I started my career as finance executive and then over the years rose to the position of CFO in a multinational company in oil and gas industry.

I have also worked as a consultant with the World Bank and European Union on different projects in Middle East, Eastern Europe and CIS countries during 2011 to 2018 as a principal consultant for IFRS and Financial Management.

I am qualified professional with three professional qualifications MBA, ACCA and CIMA UK. I have been teaching IFRS, Financial Reporting, Financial Management and Performance Management for over fifteen years and my focus areas are ACCA and CIMA qualifications.

Who this course is for:

  • This course is equally beneficial for working accountants as well as students who are persuing their accounting qualification.