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Technical

IFRS: Consolidated Financial Statements (IFRS 10) and Separate Financial Statements (IAS 27) Logo aicpa

  $39.00 - 49.00 |   CPE: 1.5 |   AICPA |   Apr 2019 |   Accounting |   AICPA Store
Who Will Benefit
  • Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
  • Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Learning Objectives
  • Identify which entities must prepare consolidated financial statements and what exemptions are available.
  • Recall how the principle of control, as defined in IFRS 10, is applied to determine whether an investor (parent) controls another entity (investee).
  • Indicate how the accounting requirements are applied to prepare consolidated financial statements as defined in IFRS 10.
  • Recall how investments are recognized in the separate financial statements of the investor.

This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IFRS 10, Consolidated Financial Statements, including the following:

  • Defining control
  • Exemptions from the consolidation requirements
  • Investment entity accounting
  • Consolidation procedures
  • Consolidated statement of financial position
  • Consolidated statement of profit or loss and other comprehensive income
  • Goodwill

Also, this course addresses requirements of IAS 27, Separate Financial Statements, including the following:

  • Recognition requirements, including classifying investments by type in the investor's separate financial statements. A type of investment may be a subsidiary, an associate, a joint arrangement or a financial asset.
  • Measurement requirements
  • Disclosure requirements

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Foundational
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Foundational
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Intermediate

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