At the end of the training program, the participants shall be able to:
• Prepare a consolidated balance sheet
• Prepare a consolidated income statement for a group of companies with a simple group structure.
• Make appropriate adjustments in respect of goodwill and minority interests.

IFRS foundation Definitions
• Group
• Consolidated accounts
• The control
• Minority interest
• Goodwill
• The relationship between the investor and investee
• Basis of consolidation of financial statements
• Suspension of the company as a subsidiary
IFRS 10
• Relevant activities
• The concept of power
• The concept of returns
Steps to Prepare the Consolidated Statement of Financial Position
• Recognition of goodwill arising on acquisition
• Guiding Principles for Valuation of Assets and Liabilities
• Non-controlling interests
• Consolidated retained earnings
• Inter-company transactions
• Current accounts
• Prepare a consolidated balance sheet
• Sales of a Subsidiary Wholly Owned by the Holding Company
• Loans in affiliate
• Dividends and loan interest in the subsidiary
Basic form of the consolidated income statement
• Impact of non-controlling interests
• Consolidated retained earnings
• Dividends between the Group
• Mutual Dividends – Preference Shares
• Dividends before acquisition
• Exclusion of inter-group transactions
IAS 28
• Accounting for investments in associates
• Joint projects
• Assets under joint control
• Entities under joint control
• Equity method
• Application of the equity method.
• The effect of retained earnings
• Transactions between Group companies and associates
• Loans and balances between companies

• Prepare a consolidated balance sheet
• Prepare a consolidated income statement for a group of companies with a simple group structure.

This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
• Case studies and practical exercises
• Workshops and group activities
• Interactive discussions
• Brain storming
• Energizing team competitions
• Presentations
• Learning games

All employees engaged in the preparation of final accounts.