Consolidated Financial Statements A Complete Study

About Consolidated Financial Statements A Complete Study

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