Financial Consolidation
Financial Consolidation
OBJECTIVES
- Discuss and apply the consolidation process based on Australian Accounting Standards.
- Analyse and prepare statements for the parent’s acquisition of a subsidiary.
- Identify and calculate minority interest share of equity.
- Outline and explain the issues associated with accounting for associates and joint ventures.
- Discuss and account for translation of foreign currency denominated financial statements.
- Discuss and apply the use of equity accounting.
COURSE OUTLINE
- Introduction
- Accounting for Business Combinations
- Accounting for business combinations and introduction to consolidation
- Consolidation processes
- Consolidation processes and equity accounting
- Financial Instruments I: Primary financial instruments
- Foreign Currency Translation: Translation of foreign currency transactions and balances
- Hedge accounting and accounting for derivatives