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Understanding Consolidated Financial Statements
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OMSCHRIJVING van deze 1 daagse opleiding in het Engels

The purpose of this course is to enhance your ability to understand and analyse consolidated financial statement and to explain how to compare more effectively consolidated financial statements with individual financial statements.

Understanding consolidated financial statements requires an understanding of the consolidation process. Hence we will discuss both initial and subsequent consolidations with the help of practical examples and exercises.

  • Learn the relevance and meaning of consolidation. 
  • The difference between individual and consolidated statements
  • How does consolidation work in practise?
  • The different methods of consolidation
  • Issues surrounding consolidation and consolidated financial statements

Recommend background

This course is designed for all managers who need a better understanding of the meaning and relevance of consolidated financial statements: non-financial managers, investment analysts, credit analysts, account managers, investment managers…

What you will learn

We will extensively analyse the determination and the meaning and relevance of goodwill. We will also take a closer look at some of the most important accounting entries made during the consolidation process. Finally, we dig a little bit deeper have a look at minority shareholdings, foreign currency translations and deferred taxes.

Course format

Practise-based learning and critical engagement is key theme through all our courses allow delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed. 

Syllabus

Day 1

 

  • Why consolidate: meaning and relevance of consolidated financial statements
  • Comparing consolidated and individual financial statements: key attention points for the analyst
  • When do we need to prepare consolidated financial statements?
  • How does consolidation work?
  • The acquisition method
  • The equity method
  • How do we combine individual financial statements in practice?
  • The steps in the consolidation process
  • Initial consolidation: purchase price allocation and the determination of goodwill
  • Subsequent consolidation: eliminations and adjustments
  • Subsequent consolidations: impairment?
  • Digging a little bit deeper?
  • Foreign currency translation?
  • Deferred taxes
  • Minority interest

 

 

 

 

Wat deelnemers zeggen

*** A course with 10 participants is very good to favour the interactivity. Thanks for the perfect course content and lecture.

*** Very good course, teacher, and approach. Material available on-line prior the course + request to the participants about their expectations from the course.

*** I really appreciated the empathy and skills of the lecturer. Also, the size of the group (12 persons) was perfect to have the necessary interactivity throughout the course.

*** I think this was one of the best course I've ever attended. The trainer, was extremely pedagogic and the structure of the course was very well planned with just the right mixture of theory versus practical examples and exercises.

Leer op de manier die bij jou past!

Docenten

Kris Blommaert, MBA

Kris Blommaert has over 20 years of international experience in both finance and general management for local and European based organisations and businesses. He has been an associate lecturer at a triple accredited global business school for 10 years at MBA level. He has lectured "Managing Performance and Change" and "Management Perspectives and Practice" in Belgium, Switzerland and France.  


Kris De Clercq, MBA

Kris has lectured finance to managers for more than 25 years in Europe and Eastern Europe. His teaching as an associate for a UK based global business school included “Issues in International Finance and Investments”,” Corporate Finance” and “Issues in IFRS”. His industry experience is over 20 years working for asset managers, investment banks, global custodians in the UK, Luxembourg and Belgium. He received a universities award for innovation in finance teaching and learning.  


Bruno Bosch, MBA

Bruno Bosch has over 25 years of experience in international financial management. He has held a number of CFO positions in US and Belgian based companies. He has large experience with M&A, international financial reporting, financing, private equity, financial engineering and international tax planning. He also lectured at MBA level in “Corporate Financial Strategy” and “Accounting” in Brussels, Paris, Zurich and The Hague for a triple accredited global business school for over 15 years. He is also author and co-author of several books on company valuation, investments and tax management  


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 Kris De Clercq
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