Introduction:
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.
Objectives:
By the end of this training program, participants will be able to:
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Understand the concept and importance of consolidated financial statements
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Identify the necessary steps to consolidate financial statements
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Apply different consolidation methods
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Analyze and interpret consolidated financial statements
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Prepare consolidated financial statements
Target Audience:
This training program is suitable for professionals who have basic knowledge of accounting and financial reporting, including:
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Accounting and finance managers
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Financial analysts
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Auditors
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Business owners
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Anyone who is involved in preparing, reviewing or analyzing financial statements
Outlines:
Day 1:
Introduction to Consolidated Financial Statements
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Understanding the concept of consolidated financial statements
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Importance of consolidated financial statements
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Types of companies and their financial statements
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Accounting principles related to consolidation
Day 2:
Consolidation Methods
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Acquisition method
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Equity method
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Cost method
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Partial and full consolidation
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Consolidation worksheet and adjusting entries
Day 3:
Intercompany Transactions and Eliminations
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Intercompany transactions
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Elimination of intercompany transactions
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Consolidation of subsidiary financial statements
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Preparation of consolidated balance sheet
Day 4:
Consolidated Income Statement and Statement of Cash Flows
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Consolidation of income statement
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Consolidation of statement of cash flows
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Analysis and interpretation of consolidated financial statements
Day 5:
Practical Application of Consolidated Financial Statements
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Preparation of consolidated financial statements
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Case studies and exercises
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Review and discussion
