Example: How To Consolidate

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This is the “consolidation example” that teaches you how to consolidate step by step in line with IFRS 10 Consolidated financial statements.
Although it’s quite simple, you’ll learn how to deal with non-controlling interest and goodwill, too.
If you’d like to learn how to consolidate in details, or anything about financial reporting in general, please visit www.cpdbox.com and subscribe to our free newsletter!
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*Online IFRS course by Silvia, CPDbox: www.cpdbox.com...
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#IFRS #ifrsaccounting #IFRS10 #IFRS3 #IFRSconsolidation

Опубликовано:

28 окт 2024

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Комментарии : 66

@CPDbox Год назад

Thanks for watching! Let’s connect: *Newsletter: www.cpdbox.com/ *LinkedIn: www.linkedin.com/in/silviamahutova/ *Instagram: instagram.com/cpdbox/

@acepace136 8 лет назад

Excellent and efficient example of covering consolidated accounting. I understood the basics of the topic by looking at it once. I now know what consolidated accounting is, whatit is used for, why it is used, and how it is done (at least the basic jist of it) without reading a bulky textbook for hours and still not have an idea on what I am doing. Thank you so much Silvia!!!!!!

@marylynkoinakimisack2057 4 года назад

Hi Silvia, Its good to know this topic through your demonstration and explanations. For sure this topic is really confusing for me in terms of applying the steps in various problems.Thank you and kind regards!!!

@achudakhinkudachin2048 8 месяцев назад

Silvia is a teacher from God!

@sumbootubanjo548 5 лет назад

yes so simple and staight forward , pls lets have some more full question on this topic. thanks

@akanisifatafehi5999 10 лет назад

it is good to draw the various columns so that oyu are clear on what changes are going where

@encoretp 3 года назад

Simple, yet very logical and straight forward.

@mohamadelias9693 6 лет назад

Hi Silvia, thank you very much for your wonderful way of making things simple. Great example!!! Thank you so much. :)

@anitaweng8456 2 года назад

Explain in such a wonderful and easy way!! Love it!!

@jihane0jihane 8 лет назад

Silvia , you show a different way how to consolidate , I LIKE YOUR VIDEOS ,

@MrRameshpuru 5 лет назад

Hello Silvia, Your Explanation are Simply Superb and Crystal Clear Voice, Thanks you and your Technical Team....

@changlipyuan2542 4 месяца назад

Miss...why you so genius?

@CPDbox 4 месяца назад

Not genius, just totally love to teach :)

@albertchapman5281 6 месяцев назад

well explained, summed up and clear... 👌

@irfanquadri5843 5 лет назад

Thanks Silvia. Again a wonderful learning.

@hammadabbasi8741 8 лет назад

it is nice to take guide from you....Thank you Silvia M. (of IFRSbox) ,thanks youtube

@fahimkhanchowdhury2577 7 лет назад

thank you silvia ,your ifrsbox is just awesome as well as your explanation

@toddgilbey3979 5 лет назад

Simple. Straight-forward. Boom!

@yinyin7614 3 года назад

Fantastic video. Thanks for teaching.

@star5guy 6 лет назад

Hi, i am little confused by example set up here. You said Mommy acquired baby at time of incorporation which seems to be well before Dec 31, 20x4. My query is if Mommy acquired 80% of baby, then why as of Dec 31, 2004 - its showing as an investment ?? You mean mommy used equity method to originally account for 80% purchase ?

@Ivan-tk7pn 7 лет назад

HOW DO U DEAL WITH DIFFERED TAX OF ARISING ON FV DUE TO ACQUISITION OF SUB AND DISPOSAL OF THAT FV ON DISPOSAL

@anaikmaurel6079 6 лет назад

Excellent video. I've recommended it to my classmates. Thks

@yankoboev841 7 месяцев назад

Perfect job!

@Old_is_still_Gold 8 месяцев назад

Hello Silvia, Great work. Can you share the link to download this excel file for practicing Thank you

@INAdnyana Год назад

great video. thank you.

@siddusidd5571 3 года назад

Silvia can you please tell me whether all this Identifiable net assets,Goodwill,NCI will come in Consolidated Financial statements of Parent entity right?.will there be any journal entries in separate financial statements

@brightlites1940 7 лет назад

So simple to understand

@jk-hw2jo 5 лет назад

Hi Silvia, throw some light on Income Statement consolidation also

@obeidndemeke4992 6 лет назад

Ndemeke. Thanks my dear sister I got many thing which i fail to understand in the class

@melynakeoduangsy678 5 лет назад

how to consolidation statement of profit or loss? Please

@teferimulugeta9009 8 лет назад

Hello Silvia ,it is nice and brief demonstration,but i wonder what we will do while we consolidate foreign branches to the parent company currency ,or do you have any video related with that

@nsanzubumwej.thomas908 5 лет назад

May God bless you.Excellent one.

@lorenabarros6102 3 года назад

thanks for shared. you are amazing. 🇧🇷

@humanbeing888 2 года назад

Hi Silvia, the video assumed that the two entities are with the same currencies. I remember from your other video, you mentioned that if they are in different currencies, then the cash flow statement should be separated. As cashflow comes from the movement in BS and PL, if we separate the parent and sub on the cash flow basis, does it mean after the consolidated BS is done, we need to exclude those subs with difference currencies so the movement of the cash flow only reflects the parent?

@CPDbox 2 года назад

Hi Rudy, thank you, but that's not exactly what I said. Please find more here: www.cpdbox.com/consolidated-cash-flows-foreign-currencies/

@thoughtmagic902 3 года назад

Could you please explain how to prepare detailed monthly consolidation accounts in excel templates? BS, PNL and CF is easy.

@Aespha Год назад

thanks!

@parwezsanhamut106 4 года назад

Great. Very well explained

@YEAHBOY1994 4 года назад

What would the case be if it was pre acquisition instead of post acquisition?

@shravyapandiri3176 8 лет назад

If a company X has a subsidiary Y (67% shareholding) and the company Y has joint venture with company Z(50%) Now what should company X account for JV- 67%*50%=33% (or) 50%? Pl provide the relevant IFRS example

@salahatya7298 4 года назад

it was so useful thanks alot.

@rijoys 4 года назад

Hi Silvia , do you think , you can share this spread sheet with us ?

@NG-gb1ov 6 лет назад

How would you consolidate this: A holds 75% in B, and 10% in C; while B also holds 60% in C?

@fadimog5356 7 лет назад

simple and understandable. thx

@saffranaaziz 5 лет назад

Thank you so much, this made many things clear

@bakrisuliman5362 4 года назад

Thanks that best explain

@ramonas9313 4 года назад

Sylvia I have been emailing you but no response, I want to know whether one can pay off the IFRS kit course in installments?

@CPDbox 4 года назад

Hi Ramona, I did reply to you. Please check your spam folder. Thank you.

@chichhoy7572 5 лет назад

Thank for explain

@mahmoudfarag7468 5 лет назад

That was amazing Thank you

@r3nfree103 10 лет назад

Could I have the excel file for this example?

@uanuradha 10 лет назад

Thank you very much

@shreyajeloka5060 10 лет назад

hello silvia can you please explain me what is the meaning of other components of equity? please . thank you

@CPDbox 10 лет назад

shreya jeloka For example - share premium, revaluation surplus, hedging reserve... anything that is recognized directly in equity in line with the other standard.