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Description

Consolidated Financial Statements: Reading the Scope, Analysing Performance and Risk

Move from reading single-entity accounts to the financial analysis of a group and its consolidation scope

  • 2 days — 14 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Analysing a group is not simply a matter of reading a larger set of single-entity accounts. The consolidation scope changes the reading: an equity-accounted subsidiary contributes no revenue, non-controlling interests alter the profit attributable to the group, and goodwill weighs on equity that appeared solid. Consolidation adjustments then shift the very line items you were used to comparing.

Two days to analyse a group the way a credit or investment professional does: rebuilding the scope, measuring underlying performance, assessing net debt and reading the consolidated cash flow statement. The work is based on published financial statements prepared under IFRS.

Learning objectives

  • Rebuild the consolidation scope and assess its effects on key aggregates
  • Interpret the impact of consolidation methods on the income statement
  • Analyse how profit is generated and the share attributable to the group
  • Assess the financial structure and net debt position of a group
  • Make effective use of the consolidated cash flow statement

What makes this programme different

The analysis is carried out on the published accounts of real groups from the participants' own sectors
The notes to the financial statements are used to rebuild what the primary statements do not show
A reasoned analysis memo is drafted and presented at the end of the session

Programme

1The consolidation scope and its effects

Who is in the accounts and on what basis

  • Identify the criteria for control and significant influence
  • Distinguish the effects of full consolidation from equity accounting
  • Measure the impact of a change in scope on comparability
  • Use the notes to rebuild the financial group structure

2Consolidation adjustments and goodwill

What consolidation changes

  • Identify the main alignment and harmonisation adjustments
  • Understand how goodwill arises and how it is subsequently monitored
  • Analyse the effects of an impairment on equity
  • Position the translation differences of foreign subsidiaries

3Analysing performance

Reading a group's results

  • Break down how operating profit is generated
  • Isolate non-recurring items
  • Distinguish profit attributable to the group from non-controlling interests
  • Analyse the contribution of equity-accounted activities
  • Compare margins by business segment

4Financial structure and cash flows

Assessing solidity and cash generation

  • Rebuild net debt and its components
  • Assess the coverage of commitments and the covenants disclosed
  • Read the consolidated cash flow statement and its link to the balance sheet
  • Conclude on the group's ability to fund its growth

Who is it for

Financial analysts · corporate relationship managers · management controllers · accountants and investors who need to work with group financial statements.

Prerequisites

Confident reading of annual financial statements and a working knowledge of financial analysis on single-entity accounts

Dates & locations

36 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.