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Description

IFRS Consolidation: Defining the Scope, Adjusting and Producing Group Accounts

Move from individual reporting packages to consolidated accounts without losing the audit trail on adjustments

  • 3 days — 21 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

The consolidation process often feels like a black box: the scope changes during the year, subsidiaries submit inconsistent reporting packages and adjustment entries pile up without documentation. When auditors start asking questions, justifying a consolidated line item turns into an archaeology exercise.

Three days to rebuild the complete chain under IFRS. The programme follows the real sequence of work: determining the scope and consolidation methods, alignment adjustments, elimination of intragroup transactions and then preparation of the consolidated statements. Each stage is worked through on a single case-study group that includes a foreign subsidiary.

Learning objectives

  • Determine the consolidation scope and the method applicable to each entity
  • Perform alignment adjustments in accordance with IFRS
  • Eliminate reciprocal transactions and intragroup profits
  • Handle the translation of foreign subsidiary accounts
  • Calculate and monitor goodwill over time
  • Produce the consolidated statements and related notes

What makes this programme different

A case-study group with a foreign subsidiary and non-controlling interests is consolidated from start to finish
Consolidation entries are recorded in a closing workbook provided to participants
The most debated adjustments are tracked through to the following year's entries

Programme

1Consolidation Scope and Methods

Deciding who is included and how

  • Assess exclusive control
  • joint control and significant influence
  • Apply full consolidation and the equity method
  • Handle entries into and exits from the scope during the year
  • Organise the collection of reporting packages from subsidiaries

2IFRS Alignment Adjustments

Aligning subsidiary accounts

  • Adjust property, plant and equipment and lease contracts
  • Align measurement policies for inventories and provisions
  • Handle deferred tax arising from adjustments
  • Document each adjustment with the following year in mind

3Elimination of Intragroup Transactions

Neutralising what the group owes itself

  • Eliminate reciprocal receivables and payables
  • Neutralise intragroup margins on inventories and fixed assets
  • Handle intragroup dividends and provisions
  • Analyse reconciliation differences reported by subsidiaries

4Translation and Goodwill

The topics auditors focus on

  • Select the functional currency of a foreign subsidiary
  • Translate the accounts and account for translation differences
  • Allocate the acquisition price to identifiable assets and liabilities
  • Monitor goodwill and its impairment testing

5Consolidated Statements and Process Management

Producing the accounts and meeting deadlines

  • Prepare the consolidated balance sheet
  • income statement and cash flow statement
  • Build the statement of changes in equity
  • Draft the expected notes on scope and accounting policies
  • Organise the timetable and controls of the consolidation process

Who is it for

Consolidation managers · accounting and finance department staff · and auditors working on group accounts.

Prerequisites

A sound command of individual financial statements and standard accounting mechanisms.

Dates & locations

24 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.