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CIMA F2 · Management Level

C. Group accounts

Master the preparation and interpretation of consolidated financial statements, covering the complete accounting treatment of subsidiaries, intercompany transactions, goodwill, non-controlling interests, associates, joint arrangements, and foreign operations in accordance with IFRS 10, IFRS 11, and IFRS 12.

  • 22 lessons
  • 8 modules
  • 4.3h of video
  • ~25% of the exam
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What you'll learn

By the end of C. Group accounts.

  • Explain the principles of consolidation and apply the acquisition method to account for business combinations under IFRS 3
  • Prepare consolidated statements of financial position and profit or loss, adjusting for intragroup transactions, eliminations, and non-controlling interests
  • Identify and account for associates and joint arrangements using the equity method and proportionate consolidation where applicable
  • Analyse the treatment of foreign subsidiaries and apply appropriate exchange rate adjustments under IFRS 21
  • Prepare consolidated statements of changes in equity and cash flows in accordance with IFRS requirements
  • Evaluate and apply disclosure requirements for group financial statements under IFRS 12 and other relevant standards

The lessons

22 lessons, module by module.

Consolidated statement of financial position

5 lessons
  1. 1 Consolidated statement of financial position - part 1 8m
  2. 2 Consolidated statement of financial position - part 2 10m
  3. 3 Consolidated statement of financial position - part 3 8m
  4. 4 Consolidated statement of financial position - part 4 13m
  5. 5 Consolidated statement of financial position - part 5 12m

Consolidated statement of profit or loss and other comprehensive income

3 lessons
  1. 1 Consolidated statement of profit or loss and other comprehensive income - part 1 8m
  2. 2 Consolidated statement of profit or loss and other comprehensive income - part 2 6m
  3. 3 Consolidated statement of profit or loss and other comprehensive income - part 3 16m

Associates and joint arrangements

3 lessons
  1. 1 Associates and joint arrangements - part 1 16m
  2. 2 Associates and joint arrangements - part 2 5m
  3. 3 Associates and joint arrangements - part 3 6m

Foreign transactions and foreign subsidiaries

2 lessons
  1. 1 Foreign transactions and foreign subsidiaries - part 1 18m
  2. 2 Foreign transactions and foreign subsidiaries - part 2 10m

Consolidated statement of changes in equity

1 lesson
  1. 1 Consolidated statement of changes in equity 14m

Consolidated statement of cash flows

2 lessons
  1. 1 Consolidated statement of cash flows - part 1 9m
  2. 2 Consolidated statement of cash flows - part 2 14m

Disclosure standards

5 lessons
  1. 1 Disclosure standards - part 1 12m
  2. 2 Disclosure standards - part 2 11m
  3. 3 Disclosure standards - part 3 12m
  4. 4 Disclosure standards - part 4 9m
  5. 5 Disclosure standards - part 5 6m

*BONUS* Hotspot Webinar: Group Accounts

1 lesson
  1. 1 Group accounts webinar 37m

Questions

About C. Group accounts.

What is the main purpose of preparing group accounts?

Group accounts consolidate financial information from a parent company and its subsidiaries to present a true economic position of the entire group as a single entity to stakeholders.

When is a company required to prepare consolidated financial statements?

A company must prepare consolidated financial statements when it has control over one or more subsidiaries, typically when it owns more than 50 percent of voting rights or has dominant influence.

What is goodwill in group accounts and how is it calculated?

Goodwill represents the excess of purchase consideration paid over the fair value of identifiable net assets acquired. It reflects the premium paid for expected synergies and future earnings potential.

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