Consolidated Financial Statements Under IFRS & IAS Training Diploma

Course overview

As companies expand globally through mergers, acquisitions, and the formation of complex economic groups, the demand for highly skilled corporate accountants has never been greater. Preparing consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) is not merely a technical exercise; it is a critical regulatory requirement for large holding companies and multinational corporations. The Consolidated Financial Statements Under IFRS & IAS Training Diploma is an intensive 24-hour program designed to bridge the gap between theoretical accounting rules and the practical, day-to-day realities of group finance.

This advanced training systematically unpacks the core IFRS and IAS standards governing business combinations and joint arrangements. Participants will master the mechanics of IFRS 3 (Business Combinations), learning exactly how to handle direct/indirect consolidation expenses and calculate positive or negative goodwill. The curriculum moves logically through IAS 27 (Separate Financial Statements) and IFRS 10 (Consolidated Financial Statements), providing clear instructions on accounting for non-controlling interests, gradual mergers, and scenarios where a parent company loses control over a subsidiary.

Furthermore, the program covers the technicalities of the equity method under IAS 28, joint operations under IFRS 11, and the rigorous Fair Value Measurement hierarchy mandated by IFRS 13. By utilizing real-world corporate case studies, this diploma ensures that financial professionals are fully equipped to guarantee accounting compliance, support executive-level strategic decisions, and significantly elevate their career prospects within large multinational economic groups.

How do holding companies prepare consolidated financial statements according to IFRS?

Holding companies prepare consolidated financial statements by applying IFRS 10 to combine the assets, liabilities, equity, income, and cash flows of the parent and its subsidiaries. They must eliminate intra-group balances, measure fair values under IFRS 13, account for business combinations (goodwill) using IFRS 3, and record investments in associates using the equity method outlined in IAS 28.

Who is this course for?

Chief Financial Officers (CFOs) and Financial Controllers of holding companies.
Senior Accountants and Group Finance Managers.
External and Internal Auditors evaluating group structures.
Investment Analysts assessing M&A activities.
Professionals seeking roles within multinational corporations.

Why this course matters

Ensures total regulatory compliance for holding companies and economic groups.
Demystifies complex accounting treatments like negative goodwill and impairment losses.
Standardizes group reporting procedures to support executive decision-making.
Protects organizations from financial misstatements during high-stakes mergers and acquisitions.
Highly sought-after skill set that drives career advancement in global corporate finance.

Key takeaways

• Clarity on calculating and presenting the rights of non-controlling interests (NCI).
• Technical steps to address a parent company's change in ownership percentage of a subsidiary.
• Methods for treating accounting losses when they exceed the investment account balance.
• Understanding the hierarchy and exact bases for measuring Fair Value at initial recognition.
• 12 months of free access to interactive recorded virtual lectures.

Needs and problems addressed

• Confusion over when to use the equity method versus full consolidation.
• Errors in eliminating intercompany transactions and balancing group accounts.
• Inability to accurately calculate goodwill or recognize impairment losses during an acquisition.
• Lack of clarity regarding disclosure requirements for joint arrangements and subsidiaries.
• Challenges in applying fair value metrics to non-financial assets during corporate mergers.

Tools and methods

• IFRS Conceptual Framework
• Consolidation Worksheets and Elimination Entries
• The Equity Method
• Fair Value Hierarchy (Level 1, 2, 3 inputs)

Related professional roles

• Group Financial Controller
• Consolidation Accountant
• Director of Financial Reporting
• M&A Finance Manager
• Senior Auditor

Official references

• www.ifrs.org

Learning outcomes

• Apply the requirements of IFRS 3 for business combinations, including gradual mergers and goodwill.
• Prepare separate financial statements for parent companies according to IAS 27.
• Execute the accounting procedures required to consolidate group financial statements under IFRS 10.
• Implement the equity method for investments in associates and joint ventures (IAS 28).
• Analyze and disclose joint arrangements properly under IFRS 11.
• Measure the fair value of financial and non-financial assets using the market, cost, and income approaches (IFRS 13).

Curriculum

Projects and practical work

• M&A Consolidation Workshop: Building a consolidated balance sheet from scratch for a parent company acquiring a 75% stake in a subsidiary, calculating NCI and goodwill.
• Fair Value Assessment Task: Applying the market and income approaches to determine the fair value of a newly acquired non-financial asset under IFRS 13.
• Impairment and Equity Method Simulation: Adjusting the investment accounts for a joint venture experiencing severe operational losses that exceed the initial investment value.

Prerequisites

• A strong foundation in general financial accounting and prior experience preparing standard financial statements.
• Familiarity with basic corporate structures and equity principles.