Consolidated Financial Statements A Complete Study
Step by Step course to learn preparation of Consolidated Financial Statements
Instructor: CA N Raja
Validity Period: 10000 days
Welcome to this Course Consolidated Financial Statements A Complete Study.
In Consolidated Financial Statements, Financials of parent company and its subsidiaries will be consolidated as if they are a single economic entity. Preparation of Consolidated Financial Statements involves highly technical and complicated procedures - However worry not - this course will take you through step by step as to how consolidated financial statements are prepared.
Please note this course is structured following Indian Accounting Standard norms - so students from other countries may find differences on treatment of few items.
Let me explain how this is structured:
This course is structured in self paced learning style. Use your headsets for effective listening.
At first I will be explaining what is the concept of group, holding company and subsidiary company- then I will take you through why consolidated financial statements are prepared, its advantages and certain other related theoretical matters followed by few examples and case studies.
In next, section I will take you through the components, important terms and basic inputs for preparing Consolidated Financial Statement followed by Consolidation procedure and few examples. Then I will be explaining treatment of Dividends with supporting case studies. I will also take you through treatment of Bonus shares, Revaluation of fixed assets, Minority interest with supporting case studies.
In next section I will show you how you can compute Goodwill or Capital Reserve arising in consolidation process with calculations/ case studies. Then, I will take you through to case studies for preparing Consolidated Balance sheet and Profit and loss account
Go through the course curriculum before enrolling.
See you inside the course
|Chapter 1 - Introduction to Consolidated Financial Statements|
|Introduction to Consolidated Financial Statements|
|Concept of Group, Holding Company and Subsidiary Company|
|Difference between Wholly Owned and Partly Owned Subsidiary|
|Purpose of preparing the Consolidated Financial Statements|
|Exclusion from Preparation of Consolidated Financial Statements|
|Consolidation of LLPs and Partnership Firms|
|Advantages of Consolidated Financial Statements|
|Example 1 for Holding Subsidary Relationship|
|Example 2 for Holding Subsidary Relationship|
|Example 3 for Holding Subsidary Relationship|
|Share holding by holding and subsidiary company among themselves|
|Chapter 2 - Steps in Preparation of Consolidated Financial Statements|
|Components of Consolidated Financial Statements|
|Important terms in Consolidated Financial statements|
|Basic inputs for preparing Consolidated Financial Statements|
|Steps in preparing CFS|
|Example 4 Calculation of Pre-acquisition Profits and Reserve|
|Ex:5 Calculation of Pre-Acquisition Profit & Reserves when Profit is available|
|Treatment of financial Dididend for previous year in current year|
|Example 6 Treatment of Financial Dividend for PY Paid ion CY|
|Example 7 Rectification of PY Dividend Credited to P&L A/c|
|Treatment of an Interim Dividend for the CY paid during the CY|
|Example 8 Treatment of Interim Dividend for CY paid during CY|
|Treatment of Proposed Equity Dividend for the Current Year|
|Example 9 Treatment of Proposed Equity and Pref Dividend for CY|
|Example 10 Treatment of Reserve created during the year|
|Treatement of Bonus Shares issued during the year|
|Example 11 Treatment of Bonus Shares|
|Treatment of Revaluaiton of Fixed Assets of Subsidiary Company|
|Example 12 Treatment of Revaluation of Fixed Assets of Subsidiary Company|
|Case Study Treatment of Losses related to Miniority Interest|
|Case Study Treatement of Pre and Post Acquistion Dividend by Holding Co.,|
|Case Study involving Miniority Interest, Goodwill and Profit and Loss Treatement|
|Case Study Computation of Miniority Interest, Goodwill and treatement of Dividen|
|Chapter 3 -Computation of Goodwill / Capital Reserve in Consolidation|
|Calculation of Goodwill / Capital Reserve (Cost of Control) in Consolidated FS|
|Computation of Goodwill and Captial Reserve with Example in Consolidated FS|
|Computation of Capital Reserve with Example in Consolidated Financial Statements|
|Computation of Goodwill with Example in Consolidated Financial Statements|
|Chapter 4- Consolidated Balance Sheet and Profit and Loss Account|
|Case study 1 Prepartion of Consolidated Balance Sheet|
|Case Study on Consolidated Profit and Loss Account|
|Chapter 5 - Comprehensive Case Studies in Consolidated Financial Statements|
|Case Study 1 Consolidated Financial Statement|
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|Case Study 2 Consolidated Financial Statement|
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