COURSE

An Overview of Consolidated Financial Statements

A Professional Development Course

Earn 2 CPD Hours


Many corporations are comprised of multiple separate businesses and are required to prepare consolidated financial statements. Despite the availability of software applications to help automate the consolidation process, accountants are expected to have a basic understanding of the underlying concepts. While these concepts are included in the curriculum for professional accountants, the time elapsed since they were studied, along with changing standards, may require the occasional refresher in this area.


This primer course was developed for accounting professionals who want to refresh or expand their technical skills.


Upon successful completion of this course, students will be able to demonstrate a basic understanding of the preparation of consolidated financial statements under International Financial Reporting Standards (IFRS).


Topics included:


  • The definition of control
  • Business combinations
  • Purchase price allocation and goodwill
  • Examples

Course Delivery

  • Upon registration, students will receive a link to the course.
  • To be eligible for the certificate of completion and the 2 CPD Hours, students are required to review the lesson notes, as well as complete one test with a minimum grade of 50%. Students are permitted two attempts to complete the test.
  • The certificate of completion will be issued once all requirements have been met.
  • Students are expected to complete this course within 30 days of registration (course access will expire after that period).
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