Groups - Accounting Issues

This course provides a refresher of the key requirements for preparing group accounts, together with common issues arising. The focus of the course is on UK GAAP, but it does provide an overview of the key differences between UK GAAP and IFRS.

Content will include:

• Companies Act 2006 requirements for the preparation of group accounts
• Exemptions and exclusions from group accounts
• Determining investment status – including the treatment of subsidiaries, associates and joint ventures in both the entity and group accounts
• Acquisition accounting – dealing with the consolidation adjustments
• Recent accounting changes for groups – including piecemeal acquisition
• Non-controlling interests and the problem of subsidiaries with net liabilities
• Disposals of interests in subsidiaries
• Cash flow statements
• Key differences between UK GAAP and IFRS
• Parent and subsidiary use of FRS 101 – an overview