This event is organised by Malta Institute of Accountants
Topics on the agenda:
Theory:
1. An introduction to consolidation.
2. The Companies that need to consolidate and the companies that do not.
3. An overview of Companies Act provisions regulating consolidated financial statements.
4. A compare and contrast exercise between IFRS and GAPSME.
5. Resolving conflicts between different laws and regulations.
6. A sound theoretical foundation before applying the practice, i.e. discussion of concepts and practical applications of notions such as control, goodwill, consolidated retained earnings, the main consolidation adjustments and non-controlling interest (NCI).
7. Concluding theoretical remarks and summaries.
Practice:
8. A series of case-studies illustrating consolidation techniques:
- Basic consolidation of a fully-owned subsidiary
- Basic consolidation of a subsidiary that is not fully-owned using the share of net assets method.
- Basic consolidation of a subsidiary that is not fully-owned using the fair value method.
- Basic consolidation of a subsidiary that is also a customer.
- Basic consolidation of a subsidiary that is also a supplier.
- Basic consolidation of a subsidiary that distributed a dividend.
- Consolidation of a subsidiary acquired by cash.
- Consolidation of a subsidiary acquired by deferred consideration.
- Consolidation of a subsidiary acquired by granting of acquirer’s shares.
- Consolidation of a subsidiary acquired, of which assets’ fair values differ from carrying amounts.
- Advanced consolidations: complex structures
- Advanced consolidations: subsidiaries in foreign currencies
- Advanced consolidations: impairment issues
- Advanced consolidations: deferred tax issues
9. Accounting treatment of step-acquisitions and disposals:
- Step-acquisitions: from no influence to control
- Step-acquisitions: from influence to control
- Step-acquisitions: from control to control
- Disposals: from control to zero
- Disposals: from control to no influence
- Disposals: from control to influence
- Disposals: from control to control
10. Relevant presentation and disclosure aspects