events | 22 December 2020

Consolidations – From theory to practical case studies – 3 Sessions (M21014)

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




Cooperation Partners
  • Malta Association of Credit Management
  • Malta Employers' Associations