Preparation of Group Financial Statements 2.0
HRD Corp Programme Number : 10001375481
Advance Consolidated Financial Statements under MFRS 3, 10, 11, 107, 121, & 128
If you are looking for Remote Online training on “Preparation of Group Financial Statements 2.0), please CLICK HERE
Take your financial expertise to the next level with our comprehensive Advance Consolidation of Financial Statement training!
In today’s globalized business environment, the ability to consolidate financial statements is a critical skill for accountants and financial analysts. Our in-depth training program will equip you with the knowledge and practical skills needed to master this complex area of accounting.
This is the continuation from our previous course of Preparation of Group Financial Statements. This 2 days training will help participants to understand the advance aspects of appropriate accounting treatments for complex Group Structures, Piecemeal Acquisitions, Disposal of Subsidiaries and Subsidiaries Held for Sales, including the reporting requirements for small and medium entities, in compliance with the prevailing reporting standards, principles and concepts.
Download Brochure and Registration Form from HERE
Training Date :
11th – 12th June 2024 (Hotel Armada Petaling Jaya, Selangor, Malaysia)
LEARNING OBJECTIVES
Here’s what you’ll gain from our training:
- A thorough understanding of the consolidation process, from parent-subsidiary relationships to non-controlling interests.
- The ability to apply complex accounting standards like MFRS3 Business Combinations and Related Standards
- Differentiate between the different levels of investments and identify the appropriate accounting treatment
- Master the treatment of challenging consolidation topics like goodwill, business combinations, foreign currency translation and preparation consolidated financial statement for complex group structure
- Understand piecemeal acquisitions, disposal of subsidiaries and subsidiaries held for sale
- Prepare consolidated cash flow statement & consolidated financial statements with foreign operations
METHODOLOGY
PowerPoint and whiteboard presentation of relevant standards, illustrative examples in practice and explanation of the principles and methodology used.
WHO SHOULD ATTEND
This training is ideal for:
- Accountants seeking to advance their careers in corporate finance, auditing, or financial reporting.
- Group Financial Controllers, Finance Managers, Professionals involved in M&A and Financial analysts who need a deeper understanding of consolidated financial statements for investment analysis and decision making
- Preparers of Financial Statements, Audit Partners / Managers and Anyone looking to stay current with the latest developments in consolidation accounting.
PROGRAMME OUTLINE
DAY 1
Revision of Acquisition Accounting—MFRS 3
- Definition of a business and a business combination
- Identifying the acquirer
- Determining the acquisition date and consideration transferred
Recognising and Measuring Identifiable Assets Acquired, Liabilities Assumed, and Non-Controlling Interests
- Assets with uncertain cash flows (fair value adjustments) and assets that may not be used
- Recognising and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree
Recognising and Measuring Goodwill and Determining Purchase Price Allocation (PPA)
- Bargain purchases
- Consideration transferred and PPA based on the fair value of assets acquired, MFRS 13
- Testing goodwill for impairment
Complex Group Structure
- Understand Complex group structures
- Accounting for business combinations including complex group structures
DAY 2
Piecemeal Acquisitions
- Accounting for business combinations including complex group structures
- Consolidation issues in piecemeal acquisitions
• Disposal of subsidiaries
- Consolidation techniques for disposal of subsidiaries
- Disclosure requirements
- Treatment of a subsidiary held for sale
Consolidated statements of cash flows
- MFRS 107 Statement of cash flows: Single company
- Prepare Consolidated statements of cash flows including acquisitions and disposals of subsidiaries, non-controlling interest and dividends
Foreign Currency transactions and entities
- Foreign currency translation
- IAS 21 or MFRS 121:
- Individual company stage
- Consolidated financial statements stage
Question and Answer Session
Download the course content in pdf format from HERE
FACILITATOR
Dr Ooi Chee Keong
CA(M), CFP
PSMB Train-The-Trainer certificate no: TTT/18839
Dr Ooi Chee Keong is a Pembangunan Sumber Manusia Berhad (PSMB) Certified Trainer and a Senior Lecturer from School of Accounting and Finance, Faculty of Business and Law, Taylor’s University. He is also a Chartered Accountant of the Malaysian Institute of Accountants (MIA) since 2002.
Chee Keong has had a long and distinguished career as a Chartered Accountant in a number of well-known Malaysian and International Companies. He started his career in Accounting as an Auditor in a medium firm in 1999. In 2002, he joined Road Builder (M) Snd Bhd as an Assistant Accountant, attached with the International Division. In 2011, he raised to Chief Financial Officer (CFO) position with TNB Energy Services Sdn Bhd (a wholly owned subsidiary of Tenaga Nasional Berhad).
He has more than fifteen years of hand-on experience in difference areas of management and functions in diverse industries such as auditing, construction, engineering, manufacturing, trading and utilities. Other than finance, auditing, taxation, corporate finance and credit control, he also involved in business development, business strategic planning, budgeting and cost management with some public listed companies. In 2014, he completed his Doctor of Philosophy (Phd) degree and was offered Assistant Professor position with Universiti Tunku Abdul Rahman.
Chee Keong areas of specialization are Financial Accounting, Consolidated Financial Statements, Corporate Governance, Accounting Quality, Earnings Management and Earnings Quality.
Click Here to download Dr. Ooi Chee Keong profile in PDF format
Course Fees & Registration
FEE PAYABLE PER PARTICIPANT :
Normal Price : RM2,288
Early Bird (15 days before event) : RM2,089
Group Fee (>2 participants) : RM1,888
Fee includes course materials, lunch, 2 tea breaks per day and Certificate of Attendance (upon completion of the training).
Download Registration Form from HERE and sent it to us by
Email : sales@wanfahprosper.com
WhatsApp : +60162634929
CANCELLATION / TRANSFER
Upon registering, participant(s) are considered successfully enrolled in the event. Written cancellations / transfer notice (substitution or to later dates) received :
- More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
- Ten (10) working days or less before the event, no refund will be made.
- For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
- A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.
Payment
Please make cheque payable / direct credit to :WANFAH PROSPER PLT
Accounts Number : 3812930508
Bank : Public Islamic Bank Berhad
DATA PROTECTION
Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709)
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