19 - 23 May 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5250 € Euro
The Financial Statement Consolidated training program is designed to provide participants with a comprehensive understanding of the process of consolidating financial statements of a company. Consolidated financial statements are the combination of financial statements of parent and subsidiary companies, and are important for providing a clear and accurate picture of a company's financial health.
By the end of this training program, participants will be able to:
Understand the concept and importance of consolidated financial statements
Identify the necessary steps to consolidate financial statements
Apply different consolidation methods
Analyze and interpret consolidated financial statements
Prepare consolidated financial statements
This training program is suitable for professionals who have basic knowledge of accounting and financial reporting, including:
Accounting and finance managers
Financial analysts
Auditors
Business owners
Anyone who is involved in preparing, reviewing or analyzing financial statements
Day 1:
Introduction to Consolidated Financial Statements
Understanding the concept of consolidated financial statements
Importance of consolidated financial statements
Types of companies and their financial statements
Accounting principles related to consolidation
Day 2:
Consolidation Methods
Acquisition method
Equity method
Cost method
Partial and full consolidation
Consolidation worksheet and adjusting entries
Day 3:
Intercompany Transactions and Eliminations
Intercompany transactions
Elimination of intercompany transactions
Consolidation of subsidiary financial statements
Preparation of consolidated balance sheet
Day 4:
Consolidated Income Statement and Statement of Cash Flows
Consolidation of income statement
Consolidation of statement of cash flows
Analysis and interpretation of consolidated financial statements
Day 5:
Practical Application of Consolidated Financial Statements
Preparation of consolidated financial statements
Case studies and exercises
Review and discussion