Why Attend
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.
Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing
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
Day 1: Accounting and finance managers; Financial analysts; Auditors; Business owners; Anyone who is involved in preparing, reviewing or analyzing financial statements
n/a
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