Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Groups must combine the results of parents, subsidiaries, joint ventures and associates into consolidated financial statements. Consolidation involves complex eliminations and judgements.
This Aractech course covers control under IFRS 10, consolidation procedures, goodwill and non-controlling interests, intragroup eliminations, foreign subsidiaries, associates and joint ventures, changes in ownership and consolidation processes. Participants prepare consolidated statements.
What you will achieve
Learning objectives
- Assess control under IFRS 10
- Perform consolidation procedures
- Account for goodwill and non-controlling interests
- Eliminate intragroup balances and transactions
- Consolidate foreign subsidiaries
- Account for associates, joint ventures and ownership changes
Who should attend
Target audience
- Group accountants
- Financial controllers
- Consolidation specialists
- Auditors
- Finance managers
- IFRS reporting staff
Methodology
Learning approach
- Worked consolidations
- Spreadsheet labs
- Case studies
- Group discussions
- Reviews
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Control and Group Structures
- Control assessment
- Group structures
- Scope
- Coffee break
- Scope (continued)
- Reporting dates
- Exercise: Control analysis
Day 2
Consolidation Basics
- Consolidation process
- Goodwill
- Non-controlling interests
- Coffee break
- Non-controlling interests (continued)
- Fair value adjustments
- Lab: Simple consolidation
Day 3
Eliminations
- Intragroup balances
- Unrealised profits
- Dividends
- Coffee break
- Dividends (continued)
- Intragroup loans
- Exercise: Eliminations
Day 4
Foreign Operations and Associates
- Foreign currency translation
- Associates
- Joint ventures
- Coffee break
- Joint ventures (continued)
- Equity method
- Case study: Multinational group
Day 5
Ownership Changes and Process
- Acquisitions and disposals
- Step acquisitions
- Consolidation process
- Coffee break
- Consolidation process (continued)
- Systems and controls
- Capstone: Group consolidation
FAQ
Frequently asked questions
What does Consolidated Financial Statements (AF-045) cover?
This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Group accountants, Financial controllers, Consolidation specialists
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Frankfurt, Rome, Cape Town, Barcelona, Paris, Vienna.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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Choose an available date and venue, add your participants, and we will email a formal quotation for Consolidated Financial Statements to your business address.