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Description

Consolidation for Tax Professionals: Reading, Adjusting and Using Group Accounts

Decode consolidated financial statements and locate the information a tax professional actually needs

  • 1 day — 7 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Tax professionals regularly consult consolidated financial statements without understanding how they are built. They look for a tax charge, a carried-forward loss, the carrying value of a subsidiary or the result of a given jurisdiction, and come up against adjustments whose origin escapes them. Dialogue with the consolidation team quickly becomes laborious.

This one-day programme explains the mechanics of consolidation from the perspective of those who have to use it: scope and methods, alignment adjustments, intragroup eliminations, goodwill and, above all, the treatment of current and deferred tax. Exercises are based on real anonymised consolidation reporting packages.

Learning objectives

  • Identify the consolidation scope and the method applied to each entity
  • Explain the effect of alignment adjustments on consolidated profit
  • Trace the origin of intragroup transaction eliminations
  • Analyse the consolidated tax charge and the tax proof
  • Justify deferred tax arising from temporary differences

What makes this programme different

Exercises are based on anonymised consolidation packages rather than theoretical cases
The tax proof is broken down line by line through to its residual difference
A translation glossary between consolidation vocabulary and tax vocabulary is built during the session

Programme

1Scope and Methods

Understanding which entities are consolidated and how

  • Concepts of control, joint control and significant influence
  • Consolidation methods and their effect on the presentation of the accounts
  • Percentage of control and percentage of ownership interest
  • Entities entering and leaving the scope during the financial year

2Adjustments and Eliminations

Following the trail of the entries

  • Aligning measurement policies across entities
  • Elimination of intragroup transactions and unrealised internal profits
  • Goodwill and purchase price allocation
  • Translation of the accounts of foreign entities
  • Reading the statement of changes in equity

3Tax in the Consolidated Accounts

Finding the tax information that matters

  • Consolidated tax charge and split between current and deferred tax
  • Deferred tax arising from adjustments and temporary differences
  • Recognition of carried-forward tax losses and recoverability testing
  • Building and reading the tax proof
  • Tax disclosures expected in the notes to the accounts

Who is it for

Corporate tax professionals, heads of tax, tax counsel, advisory firm staff and management controllers.

Prerequisites

Experience in corporate taxation and the ability to read annual financial statements.

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.