Introduction to Consolidated Accounts

 In this basic "Introduction to Consolidated Accounts" workshop, participants will go through the requirements of the Financial Reporting Standards (FRS) linked to consolidation and learn how to prepare consolidated accounts, prepare consolidation entries and practice equity accounting entries for investments in associates.

Outline | Facilitators | Who Should Attend

Detail

Date:
Duration: 1, day(s)
9:00AM - 5:00PM
Fee: $288.00
Venue: Seminar Room 2.1 @ School of Economics & Social Sciences Level 2, SESS, Singapore Management University 90 Stamford Road S(178903)

- Fees are subjected to prevailing GST of 7%

For more information, please contact LearningDB.com at 6861 1000 or email to learning@jobsdb.com.sg

Outline

Key Topics Covered During the Class:
# What are Consolidated Statements?
# Identification of a Group - What is a Subsidiary?
# Presentation of Consolidated Financial Statements
# Review of FRS 103 (Business Combinations) & FRS 27 (Consolidated & Separate Financial Statements)
# Scope of Consolidated Financial Statements - When Can a Subsidiary be Excluded from Consolidation
# The Cost of Control Account
# Calculation of Partial & Full Goodwill Method of Consolidation & the Accounting Treatement
# Calculation of Non-Controlling Interests
# Elimination of Unrealised Profits on Inventories & Fixed Assets
# Fair Value Adjustments
# Equity Accounting for Investments in Associates

Facilitators

Mr Sardool Singh, CPA Singapore, FCCA is a regular speaker for public seminars in the areas of Financial Report Standards Updates, Accounting for Financial Instruments and other technical financial accounting topics. Mr Singh is the Chief Financial Officer (CFO) of a private investment firm. He was the Group Financial Controller of a Singapore listed healthcare company prior to his current engagement. During his 10 years in the company, he was responsible for the entire Group financial functions and was responsible for the IPOs of two subsidiaries on the former SESDAQ. His other working experiences included three years with an international accounting firm and a year with a Japanese merchant bank.

Who Should Attend

Those who have little or no knowledge on how to prepare consolidated financial statements.
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