Finance & Accounting Online Course by Udemy, On Sale Here
In this video tutorial you will learn how you can prepare consolidated financial statements in real life.
An excellent training about Accounting & Bookkeeping
Preparation of Consolidated Financial Statements (Basic)
This course explainsthe steps for the preparation ofconsolidated financial statements. The course will provide details regarding the preparation of the following parts: Consolidated Statement of profit and loss and other comprehensive incomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityNote: Financial statementsnotesand cash flow are excluded. You will learn from the beginning until to the end how you consolidate thefinancial figures fo two entities. In this course you willlearn how the actual accountants prepare consolidated financial statements. The course explain the consolidation processfor thefollowing2 scenarios. You receive and consolidate thefinalfinancial statements (or management accounts) of 2 entities. (not happen in real life )You receive and consolidatethe final Trial Balances of the 2 entities. Then you use the consolidated TB for the preparation of the consolidated Financial Statements(what happen in real life)Our example is based on 2 companies. The 1st company purchased the 90% of the shares of the 2nd company. Both companies currency is the same. The 1st company sells products and the 2nd company sells services. For our presentation I use the following: PowerPointExcelPDFPCWhite BoardWriting tablet (perform calculation, highlight and drawduring the presentations)During the presentations there is audio and on goingcalculations and indications
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