Introduction to Financial Consolidation under IFRS
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Introduction to Financial Consolidation under IFRS

Definitions and basics related to financial consolidation.
4.0 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
25 students enrolled
Last updated 12/2016
English
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Current price: $10 Original price: $25 Discount: 60% off
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Includes:
  • 1.5 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Undertsand how financial consolidation accounts are produced
  • Produce by themselves financial consolidated accounts
  • By understanding how it works, they will know which questions to ask if they are investors or auditors
View Curriculum
Requirements
  • some knowledge of accounting
Description

This course is an introduction to the financial consolidation under IFRS.

It AIMS to Introduce people-have never Who Dealt with financial consolidation to icts basics.

In this race, you will undertand what is financial consolidation, why do we do and when to consolidate consolidate.

Aim the hand thing That You will know is HOW do we consolidate. in fact, this race will present the financial consolidation process from the definition of the scope of the companies thta we include in our shoulds consolidtion, to the method of consolidation and definition of the Goodwill. 

We are going aussi see how to translate financial accounts of foreign filiales.

There Will Be one test after-Each section and a case study at the end of this race.

Who is the target audience?
  • Students in business and Finance
  • Auditors
  • Investors
  • CEOs
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Curriculum For This Course
8 Lectures
01:41:49
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Introduction
1 Lecture 04:57

In this introdution, we are going to present the course outline.



Preview 04:57
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Brief introduction to financial consolidation
1 Lecture 10:39

In this session, we will try to answer all the questions related to financial consolidation.

We are going to talk about international financial reporting standards (IFRS) and the body in charge of developping thos standards.

We are also going to explain what are consolidated accounts, when do we talk about consolidated accounts, and why we produce them.

The answer of the question"HOW" we are going to see it in the next session!!

Brief Overview
10:39

Te aim of this test is to ensure hat you learn the definitions related to financial Consolidation

Test your knowledge
4 questions
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Process of financial Consolidation
5 Lectures 01:12:33

The definition of the scope is the first step in the process of the consolidation.

based on the scope, we decide which company to include or exclude in the consolidation process.

in order to define the scope, we need to calculate our voting rights, analyse the relation between the parent and the subsidiary and define the method of consolidation


Preview 13:23

The full consolidation method is used when the parent is having exclusive control over the subsidiary

This method is based on the combination of the financial accounts of the parent and the subsidiary adding adjustements that consist on eliminating the investment of the parent in the subsidiary and dividing the equity of the subsidiary between the parent and the non controlling interest.

In this session, we also see why do we eliminate intergroup operations and how to do it

Full Consolidation method
20:44

In this session, we are going to explain how we do consolidate companies under signifcant influence using the equity method which consists on increasing or decreasing the carrying amount by the profit or loss made by the sybsidiary.

Equity Method
13:56

In this session, we are going to see how do we translate foreign subsidiaries.

the consolidated accounts are generally made using the currency of the parent, so all the subsidiaries should be translated in this currency.

the principales of the translation:

- The balance sheet: using the closing rate

- The income statement: using the average rate of the periode

- the diffrence should be recognized in "other comprehensive incomes"


Translation of foreign operations
08:28

In this session, we are going to see what is the goodwill and how do we calculate it.




Calculation of the Goodwill
16:02

The aim in this test is to ensure that you have mastered the process of the financial Consolidation.

For each session, you have some questions to answer to.

Test your knowledg - Section II
13 questions
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Conclusion
1 Lecture 13:40
Conclusion
13:40
About the Instructor
ELBOUZAIDI CHEIKHI FADOUA
4.0 Average rating
4 Reviews
25 Students
1 Course
HEAD OF FINANCIAL CONSOLIDATION AND REPORTING DEPARTEMENT

Future Chartred Accountant, Expert in Financial Consolidation and IFRS

I have an experience of more than 8 years in financial Consolidation

I worked as an auditor in one if the big firms of auditing and i have also been the head of consolidation departement in one of the biggest banks in my country.

I am actually head of financial Consolidation and reporting departement in one of the biggest mass retailing compnies.

I am very passioned by financial Consolidation and IFRS and I would be very happy to share my experience with students and people interested in financial consolidation.