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CPE Self-Study

IFRS: Separate and Consolidated Financial Statements (IFRS 10 & IAS 27)

Publisher: AICPA
  • $50.00-$70.00
    IFRS: Separate and Consolidated Financial Statements (IFRS 10 & IAS 27) Online Access Product #: 159751
    AICPA Member: $50.00
    Non-Member: $70.00

AICPA's IFRS Certificate Program

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

This course introduces you to the concepts covered in IFRS 10, Consolidated Financial Statements, and how they differ from the concepts in IAS 27, Separate Financial Statements. This course focuses primarily on the criteria used to determine which entities are required to be consolidated, and also discusses the accounting requirements for the preparation of consolidated financial statements.

Learning Objectives

Upon completion of this course, you will be able to:

  • Identify the scope of IFRS 10, Consolidated Financial Statements and IAS 27, Separate Financial Statements
  • Apply the principle of control, as defined in IFRS 10, to determine whether an investor (parent) controls another entity (investee) and, therefore, must consolidate the investee
  • Apply the accounting requirements for preparation of consolidated financial statements as defined in IFRS 10

Prerequisite: None

Advance Preparation: None

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the worldís largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.