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 notable differences between UK GAAP and IFRS.  

Content:  

• 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  
• Piecemeal acquisitions and increasing a stake in a subsidiary  
• Non-controlling interests and the problem of subsidiaries with net liabilities  
• Disposals of interests in subsidiaries  
• Cash flow statements  
• Notable differences between UK GAAP and international accounting standards 

The content for online courses predating 2024 may vary.