Principles of Group Accounting Under IFRS: The Ultimate Guide for Regulatory Reporting

Chapter 1: to Group Accounting

Understanding the Basics

• Definition and purpose of group accounting
• Scope of IFRS in group accounting
• Key concepts and terminology

Establishing and Maintaining a Group

• Forms of group structures
• Criteria for determining control
• Accounting for changes in control

Chapter 2: Consolidation of Group Financial Statements

Purpose and Principles of Consolidation

• Objectives of consolidation
• Principles governing consolidation
• Consolidation process and techniques

Elimination of Intercompany Transactions and Balances

• Elimination of intercompany receivables and payables
• Elimination of intercompany inventories
• Elimination of intercompany profits and losses

Non-Controlling Interests

• Recognition and presentation of non-controlling interests
• Calculation of non-controlling interests in equity and results
• Treatment of dividends and other distributions

Chapter 3: Equity Accounting for Joint Ventures and Associates

Equity Method of Accounting

• Purpose and principles of equity accounting
• Recognition and measurement of investments
• Income and loss recognition

Joint Ventures

• Definition and characteristics of joint ventures
• Accounting for joint ventures under IFRS
• Consolidation of joint ventures (if applicable)

Associates

• Definition and characteristics of associates
• Accounting for associates under IFRS
• Significant influence and control

Chapter 4: Special Considerations in Group Accounting

Foreign Operations and Currency Translation

• Translation of foreign currency financial statements
• Treatment of foreign exchange gains and losses
• Impact on group financial statements

Intangible Assets and Goodwill

• Recognition and measurement of intangible assets
• Allocation of goodwill in group acquisitions
• Impairment testing and amortization

Segment Reporting

• Purpose and requirements of segment reporting
• Identification and allocation of segments
• Presentation and analysis of segment information

Chapter 5: Advanced Topics in Group Accounting

Group Restructurings

• Types of group restructurings
• Accounting for group restructurings under IFRS
• Tax implications of group restructurings

Business Combinations

• Types of business combinations
• Accounting for business combinations under IFRS
• Consolidation and combination accounting

Group Solvency and Financial Distress

• Recognition and measurement of group liabilities
• Assessment of group solvency and financial distress
• Accounting for group liquidations and insolvencies