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Consolidation And Group Accounts (IFRS 10, 11 & 12) Principles Of Control And Consideration

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Overview

Understanding the principles of consolidation and group accounts is crucial for financial professionals working with corporate financial statements. This webinar provides an in-depth exploration of IFRS 10, IFRS 11, and IFRS 12, focusing on the principles of control, joint arrangements and disclosure requirements for interests in other entities.  

Join Caryn Maitland CA(SA) for comprehensive guidance on how to apply these standards to ensure compliance and accurate financial reporting.

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Learning objectives 

Attending this webinar will equip you with the following skills:  

• Understanding the principles of control under IFRS 10 and their application in determining parent-subsidiary relationships.
• Analyzing joint arrangements under IFRS 11, distinguishing between joint operations and joint ventures.
• Comprehending the disclosure requirements under IFRS 12 for subsidiaries, associates, joint arrangements, and unconsolidated structured entities.
• Applying consolidation techniques, including full consolidation, equity method, and proportionate consolidation.
• Identifying key considerations when assessing control, including potential voting rights, de facto control, and structured entities.

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Content 

The webinar will cover the following topics:   

• IFRS 10 - Consolidated Financial Statements

  • Definition and principles of control

  • Assessment of control, including power, returns, and link between power and returns

  • Accounting treatments and procedures for consolidation

  • Challenges in determining control (e.g., structured entities, potential voting rights)

• IFRS 11 - Joint Arrangements
  • Definition and classification of joint arrangements
  • Accounting treatment for joint operations vs. joint ventures
• IFRS 12 - Disclosure of Interests in Other Entities
  • Objective and scope of disclosure requirements
  • Key disclosures for subsidiaries, joint arrangements, associates, and structured entities.