By the end of this course participants should be able to:

• Prepare calculations of goodwill arising on an acquisition made during  the year, including the recognition and valuation of intangible assets acquired
• Prepare Group accounts incorporating the results of subsidiaries, associates and joint ventures held throughout the period where those companies all prepare financial statements in the same currency.
• Account for the effects of changes in exchange rates, both for single companies and within groups
• Prepare financial statements for groups that include the effect of an investment disposed of during the year
• Apply the standard IAS 36 Impairment of Assets, especially in the context of impairment of goodwill

The course objectives will be met by a combination of lectured sessions covering the key points of the relevant standards, and the hands-on completion under the tutor’s guidance of case studies. After an initial introduction to the standards that deal with aspects of group accounting, and the types of group transactions that can be involved, the course progresses through a sequence of short lectures, followed by tutor led case studies that deal with:

After an initial introduction to the standards that deal with aspects of group accounting, and the types of group transactions that can be involved, the course progresses through a sequence of short lectures, followed by tutor led
case studies that deal with:

• The acquisition event (IFRS 3 Business Combinations and IAS 38 Intangible Assets)
• On-going treatment of investments (consolidation (IAS 27), equity accounting (IAS 28) and proportionate consolidation/equity (IAS 31))
• The effects of changes in foreign exchange rates (IAS 21)
• Disposal of an investment
• Impairment of goodwill (IAS 36)