Consolidation, Business Combinations and Investment Accounting

by Golden Masters for Training & Consultancy

It will teach you about recognizing the process of consolidating financial statements, identifying business combinations and their related transactions, applying acquisition method for business combinations and much more.

AED 17000

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img Duration

5 days

Course Details

Course Objective:
 
By the end of the program, participants will be able to:
 
·         Recognize the process of consolidating financial statements.
 
·         Identify business combinations and their related transactions.
 
·         Apply the acquisition method for business combinations.
 
·         Account for goodwill and non-controlling interests.
 
·         Identify different types of financial instruments and accounting methods for each.
 
·         Account for transactions according to fair value method, equity method and amortized cost.
 
·         Recognize differences and similarities between International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting Principles (GAAP).
 
Course Certificate:
 
Masters Consultant certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.
 
Course Outline:
 
Financial Instruments 
 
·         Categories of Investments
 
·         Presentation of Financial Instruments
 
·         Distinguishing Liabilities from Equity
 
·         Classification of Instruments:
 
·         Held-to-Maturity Debt Securities (HTM)
 
·         Trading Securities (TS)
 
·         Available-for-Sale Securities (AFS)
 
·         Fair Value through Profit and Loss Option
 
·         Determining Fair Value
 
·         Initial and Subsequent Measurement
 
·         Reclassification and Transfer between Categories
 
·         Constraints on Reclassifications
 
·         Derecognition of Financial Instruments
 
·         Impairment of Financial Assets Carried at Amortized Cost
 
·         Impairment of Financial Assets Carried at Fair Value
 
·         Impairment of Financial Assets Carried at Cost
 
·         Accounting for Sales of Financial Instruments
 
·         The Recent Accounting Updates According to IFRS 9
 
Investments in Associates
 
·         Accounting Based on the Equity Method
 
·         Situations when Cost Method is Applicable
 
·         Differences in Fiscal Year
 
·         Intercompany Transactions between Investor and Investee
 
·         Accounting for a Partial Sale or Additional Purchase of Equity Investment
 
·         Change in Level of Ownership or Degree of Influence
 
·         Accounting for Impairment
 
Transactions Accounted for as Business Combinations
 
·         Defining a Qualifying Business
 
·         Structures of Business Combinations
 
·         IFRS and US GAAP Consideration
 
Accounting for Business Combinations
 
·         Applying the Acquisition Method
 
·         Identifying the Acquirer 
 
·         Recognizing and Measuring the Identifiable Tangible and Intangible Assets Acquired and Liabilities Assumed
 
·         Classifying or Designating Identifiable Assets Acquired and Liabilities Assumed
 
·         Recognizing and Measuring any Noncontrolling Interest
 
·         Measuring the Consideration Transferred
 
·         Recognizing and Measuring Goodwill or Gain from a Bargain Purchase
 
·         Acquisition Related Costs
 
·         Accounting for Gain on Bargain Purchase Option
 
Consolidated Financial Statements
 
·         Defining “Control”
 
·         Changes in Ownership Interest without Loss of Control
 
·         Changes in Ownership Interest Resulting in Loss of Control
 
·         Consolidation Procedures
 
·         Intercompany Transactions and Balances
 
Post Combination Measurement and Accounting
 
·         Reacquired Rights
 
·         Contingent Liabilities
 
·         Indemnification Assets
 
·         Contingent Consideration
 
Goodwill Measurement
 
·         Measurement of Goodwill

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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