Consolidated Financial Statement Under IFRS

Learn to prepare a consolidated statement of profit and loss and OCI under IFRS, combining subsidiaries and associates, eliminating unrealized intra-group profits, and allocating net income to parent and NCI.

Explore preparing a consolidated statement of financial position under IFRS, deriving goodwill, NCI, and post-acquisition retained earnings while applying fair value adjustments and unrealized profit corrections.

Explore consolidation under IFRS through a long case study: determine acquisition net assets, calculate goodwill and non-controlling interest, and adjust for fair value, intergroup profits, and deferred tax.

Explore consolidating the socI under IFRS, including intercompany eliminations, unrealized profits, PPE revaluations, fair value adjustments, and non-controlling interest.

Compute goodwill on Beta and Gamma acquisitions under IFRS using net assets fair value, consideration (deferred and contingent), and proportional NCI; impairments flow to cost of sales.

Compute goodwill on acquisitions of data and captive under international financial reporting standards, comparing full and partial goodwill with non-controlling interest, applying fair value adjustments, and assessing impairment.

Explore hedge accounting under IFRS 9, covering cash flow and fair value hedges, effective and ineffective portions, and the shift from IAS 39 to IFRS 9.

Examine IFRS 3 case studies on negative goodwill and non-controlling interest in Diamond Co, and the part acquisition turning an associate into a subsidiary with fair value and NCI considerations.

Diamond Co case study shows consolidation shifting from equity accounting to IFRS 9 after a stake reduction, recognizing disposal losses and fair value through OCI gains, and pension curtailment effects.

Analyze partial disposal of equity in a subsidiary under IFRS ten, focusing on equity transactions between parent and noncontrolling interest and maintaining consolidation.

Analyze goodwill calculation under IFRS 3 through a Joey case study, including step acquisitions, fair value of net assets, NCI, measurement period adjustments, and bargain purchases.

Explains how to account for a property held for sale under IFRS 5 in Joey's statements, including depreciation, fair value revaluation, and lower of carrying value and cost to sell.

Compute the group retained earnings under IFRS as at 30 November 2004 by combining parent retained earnings with post-acquisition subsidiary earnings and applying pre- and post-acquisition adjustments.

IFRS 2 governs group share-based payments; equity-settled with immediate vesting requires consolidated statements recording as equity and individual statements as capital contribution, with IAS 24 disclosures for key management remuneration.

Explore IFRS 11 joint arrangements, distinguishing joint operations from joint ventures and applying consolidation or equity accounting based on rights to assets or net assets.

Learn how IFRS 11 handles a joint operation between Gas Nature and Go Gas, including shared assets and liabilities, decommissioning provisions, irrecoverable gas as PPE, and inventory considerations.

Learn step acquisition: achieving control in stages, converting investments or associates to subsidiaries, with fair value remeasurement and goodwill under IFRS 9, IAS 28, IFRS 3, and IFRS 10.

Learn how to move from associate to subsidiary under IFRS: apply equity accounting to control, remeasure to fair value, recognize goodwill, and perform full consolidation with non-controlling interest.

Significant influence moves an investment from IFRS 9 to IAS 28, becoming an associate with equity accounting; options include IFRS 3 step acquisition remeasurement or recording both investments at cost.

Explore step acquisitions where control is retained in subsidiary to subsidiary deals, and how equity adjustments and non-controlling interest affect IFRS consolidated statements.

Explore step acquisitions under IFRS 3 and remeasure the associate to fair value on gaining control. Identify goodwill, non-controlling interest, and cash paid for a consolidated cash flow statement.

Explore how disposals in group structures affect consolidation under IFRS, covering full and partial disposals, moves between subsidiary, associate, and investment, and the relevant IFRS guidance.

Examine scenarios where control is lost, including full and partial disposals, and learn to calculate group profit or loss on disposal, non-controlling interest, and goodwill within IFRS group statements.

Understand disposals where control is retained under IFRS, including no disposal gain and equity adjustments for changes in non-controlling interest. Prorate profits and determine the NCI increase.

Explore disposals of associates under IFRS, applying equity accounting until disposal, then switching to IFRS 9 fair value treatment when ownership crosses 20–50%, and calculating group profit or loss.

Explore accounting for partial disposal of a group subsidiary under IFRS, including consolidation, goodwill impairment, fair value adjustments, and non-controlling interest in profit or loss and OCI.

Learn to determine the functional currency under IAS 21 via the Rib company scenario, examining selling prices, costs, financing, and management location, plus IFRS 16 leases.

Compute goodwill for a foreign subsidiary as consideration plus NCI minus net assets, translate to parent currency under OCI, and allocate to parent or NCI by measurement method.

Explain how IFRS 16 handles a head lease and sublease, including right-of-use asset, lease liability, depreciation, and reclassification to investment property under IAS 40.

Explore adjustments to the consolidated statement of financial position under IFRS, focusing on IAS 21 exchange differences, translation of goodwill, and non-controlling interest using exhibits two and three.

Explore IFRS 5 criteria for held-for-sale classification, including immediate sale and present condition, and examine regulator concerns and potential manipulation in applying the standard.

This lecture analyzes IFRS 5 and IAS 38 in consolidated financial statements, covering held-for-sale measurement, impairment, and accounting for disposed segments and patents, including development costs and intangible assets.

Explain how a 14% IFRS 9 investment becomes a 30% associate via a step acquisition, with irrevocable election to fair value through OCI and subsequent equity accounting.

Compute NCI value at acquisition plus its share of post-acquisition retained earnings, with adjustments for unrealised profit and goodwill impairment; apply this to disposal scenarios.

Explore preparing a consolidated cash flow under IFRS, focusing on operating activities adjustments (depreciation, loss on PPE, interest), working capital changes, and investing activities from acquisitions and dividends.