TalkTax

20 – 21 February, 2012, Auckland  |  5 – 6 March, 2012, Wellington

Including the latest developments on IFRS (International Financial Reporting Standards) that impact group accounts.

Do you know…
• When a set of consolidated accounts needs to be prepared?
• The impact of revaluing your subsidiary’s assets?
• How to account for and treat positive and negative goodwill?
• How to treat the minority interest portion of a subsidiary’s dividend?
• What to do when you acquire or dispose of a subsidiary in the year?
• The latest developments in IFRS No. 3 on business combinations?
• The differences between IFRS No. 3 and FRS- 36, FRS-37, and FRS-38?

Accounting for groups of companies is a complex task that demands a clear understanding of the methodology of consolidation and a sound knowledge of the steps and techniques required to produce group accounts. This two-day seminar addresses both these requirements by providing a guide as to why and how consolidated accounts should be produced.

Learning outcomes
• Learn how to prepare a set of consolidated financial statements for groups and entities
• Demonstrate competence in applying consolidated accounting principles for complex business combinations
• Understand minority interest and multi-tier groups and equity accounting
• Obtain a complete update on recent developments including FRS-36, FRS-37, FRS-38 and IFRS No.3
• Grasp the principles of equity accounting and account for inter- company investments using the equity method
• Address some of the problems faced by multinational corporations when preparing group financial statements

Who should attend
• Finance staff of all levels who need to understand the principles of group accounting
• Internal and external auditors who need to verify the appropriateness of the consolidated accounts
• Financial Controllers who need to revise the principles of group accounting

http://www.conferenz.co.nz/training/the-essentials-of-group-accounts