This class exists in these courses :
• IÉSEG > IESEG Degree - Programme Grande École > Semester 2 > 2,00 ECTS

Prerequisites

Before beginning this course, the students should be comfortable with basics and more advanced topics in accounting. They should know what are the different components of the financial statements, what are the ledger, the journal. They should be able to make entries into the journal, etc.

Learning outcomes

- understand what is at stake in the consolidation process;
- understand real consolidated financial statements;
- establish basic consolidated financial statements.

Course description

The course is technical and aims to present the technics and steps of the consolidation process.
It presents:
- The idea of accounting for groups and the notion of control;
- The steps of the consolidation process;
- The different methods of consolidation used (acquisition method, equity method, etc.);
- The pre consolidation adjustments, the adjustments, and the eliminations of the effects related to intragroup transactions;
- The goodwill and the future taxes in consolidation.

Class type

Class structure

Teaching methods

• Interactive class
• Tutorial

Assessment

The continuous assessment via MCQs aims to help students to work between sessions. In addition, there is a written final exam to evaluate whether the students understand and acquire the technics of consolidation.

Recommended reading

• Gallimberti C., Marra A. & Prencipe A. (2013) Consolidation: Preparing and Understanding Consolidated Financial Statements under IFRS, Ed. Mc Graw Hill Education. -

Internet resources

• IESEG ONLINE