Group accounts are a very popular topic and yes, I can understand it as it’s a main topic for many accounting exams. I have written a few articles about it, including: Intro to group accounts and consolidation; Example: How to consolidate; and a few summaries of standards dealing with these issues, such as IAS 28, IFRS 3,…
Read MoreLet’s be more practical today and learn some advanced accounting techniques. After summaries of standards related to consolidation and group accounts, I’d like to show you how to prepare consolidated financial statements step by step. I’ll do it on a case study, with explaining what I do and why. If you don’t like reading, you…
Read MoreIn my previous article I introduced the world of group accounts and consolidation to you. You learned that there about 6 IFRS dealing with this topic. Here, I’d like to summarize the first “consolidation” standard dealing with the consolidated financial statements: IFRS 10. What is the objective of IFRS 10? The objective of IFRS 10…
Read MoreBuying a foreign company or just some shares, building up an entirely new business or starting mutual venture with somebody else are some basic ways of spreading the business activities. Consolidation goes “hand in hand” with any foreign business. But what is it? Many people refer to consolidation when they speak about their share in…
Read MoreThe year 2013 started off with some really significant IFRS amendments that you need to take into account when preparing your IFRS financial statements as at 31 December 2013. Although these changes should be applied in the year 2013 for the first time, you also need to restate your comparative figures for the previous reporting…
Read More
