Start a conversation ↗

Description

Consolidation: Mastering Scope, Adjustments and Core Journal Entries

Understand how individual company accounts become group accounts under IFRS

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

Moving from individual company accounts to consolidated financial statements remains opaque for anyone who has never followed a reporting pack from start to finish. Defining the scope, selecting the method according to the degree of control exercised, applying alignment adjustments, eliminating intercompany transactions and allocating equity between the group and non-controlling interests: each step has its own logic and its own journal entries.

Two days to work through this mechanism step by step on a simple group, identifying what distinguishes full IFRS requirements from the simplified treatments applied by smaller entities. This introductory session prepares participants for the workshops dedicated to changes in scope and deferred tax.

Learning objectives

  • Define the consolidation scope on the basis of the control exercised
  • Apply the consolidation method appropriate to each investment
  • Post the common alignment adjustments
  • Eliminate intercompany transactions and unrealised internal results
  • Allocate equity between the group and non-controlling interests
  • Identify the main differences between full IFRS and simplified reporting frameworks

What makes this programme different

A single case-study group is consolidated end to end, from scope definition to the consolidated balance sheet
Every adjustment is posted manually before being traced back in the reporting pack
Differences between the two reporting frameworks are flagged as the entries are posted

Programme

1Scope and Methods

Who is included in the group accounts

  • Characterise exclusive control, joint control and significant influence
  • Match each investment with its consolidation method
  • Calculate control and ownership percentages within a chain of holdings
  • Document exclusions from scope and their justification

2Alignment and Adjustments

Speaking the same accounting language

  • Align measurement policies with those of the group
  • Adjust depreciation, provisions and lease contracts
  • Translate the accounts of foreign subsidiaries
  • Handle fair value differences identified on acquisition

3Intercompany Transactions and Aggregation

Neutralising what the group owes itself

  • Eliminate reciprocal receivables and payables
  • Neutralise internal margins on inventory and on asset transfers
  • Handle intragroup dividends and provisions
  • Aggregate the accounts and review residual differences

4Equity and Consolidated Statements

From aggregation to published accounts

  • Allocate equity between the group and non-controlling interests
  • Account for goodwill and monitor it subsequently
  • Prepare the consolidated balance sheet and income statement
  • Identify the disclosures expected in the notes

Who is it for

Accountants and management controllers joining a consolidation team, professional services staff and finance managers of subsidiaries required to produce a consolidation reporting pack.

Prerequisites

Confident with accounting entries and able to read individual financial statements

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.