Consolidated Financial Statements

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Step by Step course to learn preparation of Consolidated Financial Statements

Last updated 2022-01-10 | 3.8

- Consolidated Financial Statements preparation

What you'll learn

Consolidated Financial Statements preparation

* Requirements

* Basic knowledge of Accounting

Description

Welcome to this Course Consolidated Financial Statements A Complete Study.

In Consolidated Financial Statements, Financials of parent company and its subsidiaries will be consolidated as if  they are a single economic entity. Preparation of Consolidated Financial Statements involves highly technical and complicated procedures  - However worry not  - this course will take you through step by step as to how consolidated financial statements are prepared.

Please note this course is structured following Indian Accounting Standard norms -  so students from other countries may find differences on treatment of few items.

Let me explain how this is structured:

This course is structured in self paced learning style. Use your headsets for effective listening.

At first I will be explaining what is the  concept of group,  holding company and subsidiary company-  then I will take you through why consolidated financial statements are prepared, its advantages and certain other related theoretical matters followed by few examples and case studies.

In next, section I will take you through the components,  important terms and basic inputs for preparing Consolidated Financial Statement followed by Consolidation procedure and few examples.  Then I will be explaining treatment of Dividends with supporting case studies.         I will also take you through treatment of Bonus shares,  Revaluation of fixed assets,  Minority interest  with supporting case studies.

In next section I will show you how you can compute Goodwill or Capital Reserve arising in consolidation process with calculations/ case studies. Then, I will take you through to case studies for preparing Consolidated Balance sheet and Profit and loss account

Go through the course curriculum before enrolling.

See you inside the course

Who this course is for:

  • CA Students
  • CMA Students
  • CS Students
  • ACCA Students
  • CPA Students
  • CIMA Students

Course content

6 sections • 44 lectures

Introduction to Consolidated Financial Statements 11 lectures

Introduction to Consolidated Financial Statements Preview 05:11

Concept of Group, Holding Company and Subsidiary Company Preview 03:58

Difference between Wholly Owned and Partly Owned Subsidiary Preview 01:00

Purpose of preparing the Consolidated Financial Statements Preview 03:01

Exclusion from Preparation of Consolidated Financial Statements Preview 02:30

Consolidation of LLPs and Partnership Firms Preview 01:22

Advantages of Consolidated Financial Statements Preview 01:37

Example 1 for Holding Subsidary Relationship Preview 02:06

Example 2 for Holding Subsidary Relationship Preview 05:25

Example 3 for Holding Subsidary Relationship Preview 05:20

Share holding by holding and subsidiary company among themselves Preview 02:43

Steps in Preparation of Consolidated Financial Statements 24 lectures

Components of Consolidated Financial Statements Preview 01:49

Important terms in Consolidated Financial statements Preview 07:11

Basic inputs for preparing Consolidated Financial Statements Preview 06:43

Consolidation Procedure Preview 03:39

Steps in preparing CFS Preview 02:52

Example 4 Calculation of Pre-acquisition Profits and Reserve Preview 16:24

Ex:5 Calculation of Pre-Acquisition Profit & Reserves when Profit is available Preview 05:25

Treatment of financial Dididend for previous year in current year Preview 03:11

Example 6 Treatment of Financial Dividend for PY Paid ion CY Preview 14:27

Example 7 Rectification of PY Dividend Credited to P&L A/c Preview 04:52

Treatment of an Interim Dividend for the CY paid during the CY Preview 01:56

Example 8 Treatment of Interim Dividend for CY paid during CY Preview 13:05

Treatment of Proposed Equity Dividend for the Current Year Preview 01:40

Example 9 Treatment of Proposed Equity and Pref Dividend for CY Preview 06:11

Example 10 Treatment of Reserve created during the year Preview 10:39

Treatement of Bonus Shares issued during the year Preview 01:40

Example 11 Treatment of Bonus Shares Preview 12:49

Treatment of Revaluaiton of Fixed Assets of Subsidiary Company Preview 04:07

Example 12 Treatment of Revaluation of Fixed Assets of Subsidiary Company Preview 11:54

Miniority Interest Preview 02:52

Case Study Treatment of Losses related to Miniority Interest Preview 13:43

Case Study Treatement of Pre and Post Acquistion Dividend by Holding Co., Preview 14:56

Case Study involving Miniority Interest, Goodwill and Profit and Loss Treatement Preview 09:26

Case Study Computation of Miniority Interest, Goodwill and treatement of Dividen Preview 10:52

Computation of Goodwill / Capital Reserve in Consolidation 4 lectures

Calculation of Goodwill / Capital Reserve (Cost of Control) in Consolidated FS Preview 02:11

Computation of Goodwill and Captial Reserve with Example in Consolidated FS Preview 04:39

Computation of Capital Reserve with Example in Consolidated Financial Statements Preview 08:08

Computation of Goodwill with Example in Consolidated Financial Statements Preview 14:49

Consolidated Balance Sheet and Profit and Loss Account 2 lectures

Case study 1 Prepartion of Consolidated Balance Sheet Preview 23:13

Case Study on Consolidated Profit and Loss Account Preview 19:13

Comprehensive Case Studies in Consolidated Financial Statements 2 lectures

Case Study 1 Consolidated Financial Statement Preview 24:05

Case Study 2 Consolidated Financial Statement Preview 41:50

Last Section 1 lectures

Bonus Lecture Preview 00:01