Description

This course explains the consolidation process step-by-step, including a subsidiary’s acquisition transaction, recognition of goodwill or the bargain purchase gain, the technical aspects of consolidating the financial position and profit & loss statement including elimination conditions and the recognition of Non-controlling Interest (NCI).

This course depends on a case study that simplifies the theory behind the following standards: – ASC 805 Business Combinations, ASC 810 Consolidation, IFRS 3 Business Combination, and IFRS 10 Consolidated Financial Statements.

Course Key Concepts: ASC 805, ASC 810, IFRS 3, IFRS 10, Business Combinations, Consolidation, Consolidated Financial Statements, Goodwill, elimination, non-controlling interest, NCI