Using a practical case study, this course will bring participants through the consolidation process for groups under FRS 102. Consolidated financial statements continue to present a unique challenge for practitioners and this video will take you through some of the key issues encountered in preparing consolidated accounts. It will also take a look at the company law requirements, including the changes that have risen as a result of the UK’s departure from the EU. The case study will take you, step-by-step, through the process you need to follow to consolidate a group of companies.
In this session Lindsay Webber and Claire Thomson have covered the following:
- Consolidation basics & the requirement to consolidate
- Practical steps for consolidation
- Consolidation case study
- Common errors on consolidation
- Review of live consolidated accounts
By purchasing this session, you will refresh your knowledge of basic consolidation techniques, and gain insight into some of the complexities that can arise from intra-group and other transactions. You will also be able to understand the impact of Brexit on potential audit and consolidation exemptions for groups with UK and non-UK entities.
As a member of our Practice Support Team, Claire’s focus is on helping practices achieve on-going best practice compliance, with a particular focus on delivering technical training and providing guidance on the requirements of financial reporting and company law in both Ireland and the UK.
Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton in Belfast. She spent 5.5 years in corporate audit, before moving to Grant Thornton’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
Lindsay is a qualified Chartered Accountant and trained with KPMG in Johannesburg. She has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting.