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:

• 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

Target Audience:

• Accounting and finance managers

• Financial analysts

• Auditors

• Business owners

• Anyone who is involved in preparing, reviewing or analyzing financial statements

Outlines:

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