Groups & Business Combinations
Let's talk about Group Financial Accounting… Daunting, right? From FCTRs to changes in degrees of influence to eliminating pro formas — where do you even begin? This comprehensive guide breaks down everything you need to master consolidated financial statements.
Download Complete Guide
Get the full 11-part guide with detailed examples, worked solutions, and exam tips (PDF, 183KB)
Standards Covered
Business Combinations
Consolidated Financial Statements
Disclosure of Interests
Associates & Joint Ventures
Course Content
Foundations of Group Financial Reporting
Understand when to consolidate vs equity account. Master the control vs significant influence decision tree.
The Acquisition Method (IFRS 3)
Learn to identify the acquirer, determine the acquisition date, and measure identifiable assets and liabilities.
Consolidation Mechanics (IFRS 10)
Master the consolidation process from combining line items to eliminating intra-group transactions.
Analysis of Equity (AOE)
The heart of group accounting. Work through at acquisition, since acquisition, and current year columns.
Complex Transactions
Tackle advanced topics like step acquisitions, disposals, foreign subsidiaries (FCTR), and complex intra-group transfers.
Associates & Joint Ventures
Learn when to use the equity method instead of consolidation for associates (IAS 28) and joint ventures (IFRS 11).
Group Statements & Exam Prep
Pull it all together. Learn to draft group financial statements and master exam techniques for distinction-level results.
Pro Tip: The Analysis of Equity
Always work in the 100% column first, then multiply out to NCI or parent as needed. This reduces errors significantly. The AOE is the heart of group accounting — your journals flow from here.