Combined and Consolidated Financial Statements (Video Lectures + eBooks)

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Your complete Learning Kit on group accounting standards covering 6 Ind AS all at a discounted price.

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About the product  VALUE FOR MONEY

Group accounting is crucial for ensuring transparency and accuracy in financial reporting across subsidiaries and parent companies. It enables stakeholders to gain a greater understanding of the financial health and performance of the entire group, fostering trust and confidence in the market. This e-product encompasses six essential standards, providing in-depth insights into consolidation, equity method, business combinations, and more, empowering learners to navigate complicated accounting principles with confidence and proficiency.

Unlock the complexities of group accounting standards with our comprehensive Video Lectures and e-Books bundle covering Ind AS 27, Ind AS 28, Ind AS 103, Ind AS 110, Ind AS 111, and Ind AS 112. More than 200+ important topics and concepts have been explained in simple language through practical examples and numerous illustrations. Dive deep into the intricacies of mergers and acquisitions, associates, joint ventures, joint arrangements, and related areas with expert-led tutorials and extensive commentary designed to demystify these critical standards. Live demonstration of how to consolidate Balance Sheet, Statement of Profit and Loss, Other Comprehensive Income, and Statement of Changes in Equity is also included. Elevate your expertise and stay ahead in the world of Ind AS with our holistic e-lectures and e-books.

Covering 6 Standards – Ind AS 27, Ind AS 28, Ind AS 103, Ind AS 110, Ind AS 111 and Ind AS 112

 

Ind AS 27 – Separate Financial Statements

What you will learn:

  • What are Separate Financial Statements
  • Objective and Scope of Ind AS 27
  • Different aspects of Separate Financial Statements
  • Preparation
  • Accounting treatment
  • When an entity ceases to be an investment entity
  • When an entity becomes an investment entity
  • Dividends
  • Reorganising the structure of a group
  • Reference to Conceptual Framework
  • Primary Financial Statements
  • Combined Financial Statements
  • Unconsolidated Financial Statements
  • Consolidated Financial Statements

 

Ind AS 28 – Investments in Associates and Joint Ventures

What you will learn:

  • Objective
  • What is an associate
  • Joint venture
  • Significant influence
  • Financial and operating policies
  • Characteristics
  • Existence of significant influence
  • Equity method with examples
  • Changes in ownership interest with example
  • Equity method procedures with example
  • Upstream and downstream transactions
  • Reduction in NRV of assets
  • Contribution of non-monetary assets
  • Commercial substance
  • Equity interest
  • Accounting for investment
  • Determining entity’s share of the associate or joint venture
  • Entity’s net investment
  • When entity’s interest is reduced to zero
  • Impairment losses

 

Ind AS 110 – Consolidated Financial Statements

What you will learn:

  • Essence of consolidated financial statements
  • What is control
  • Power over an investee
  • Existing rights
  • Relevant activities with examples
  • Protective rights with examples
  • Purpose and design of an investee
  • Power with a majority of voting rights
  • Majority of the voting rights but not power
  • Power without a majority of the voting rights
  • Contractual arrangement with other vote holders
  • Rights from other contractual arrangements
  • Investor’s voting rights with examples
  • Potential voting rights with examples
  • Example of rights that can give an investor power
  • When voting cannot have a significant effect on an investee’s returns
  • Exposure, or rights, to variable returns from an investee
  • What affects the amount of the investor’s returns
  • Relationship with other parties
  • What are de facto agents
  • Accounting requirements
  • Non-controlling interests
  • Loss of control
  • Recognition and derecognition
  • What is an investment entity
  • Characteristics of an investment entity
  • Investment entities – exceptions to consolidation

 

Ind AS 111 – Joint Arrangements

What you will learn:

  • What is a joint arrangement
  • Party to a joint arrangement
  • Contractual arrangement
  • Joint control
  • Assessing joint control with examples
  • Types of joint arrangement
  • Classification of a joint arrangement
  • Structure
  • Structured through a separate vehicle
  • Legal form of the separate vehicle
  • Assessing the terms of the contractual agreement
  • Assessing other facts and circumstances
  • Classification of Joint Arrangement structured through a separate vehicle with examples
  • Joint operations
  • Accounting for sales or contributions of assets to a joint operation
  • Joint operation – other considerations
  • Joint ventures
  • Disclosures of interests in joint arrangements

Ind AS 103 – Business Combinations

What you will learn:

  • Definition of a business
  • Ordinary activities
  • Elements of a business
  • What is input, process and output with examples
  • Features of business combination
  • Who is an acquirer and acquiree
  • Definition of control
  • Mergers of equals and true merger
  • When it is an asset acquisition or business combination
  • Difference between asset acquisition and business combination
  • Optional Concentration Test
  • Applying the Concentration Test
  • Fair value of gross assets acquired
  • Single identifiable asset
  • Examples of single identifiable asset
  • Group of similar identifiable assets
  • Which assets are not similar assets
  • Examples of group of similar identifiable assets
  • Determining the concentration criteria
  • Assessing whether an acquired process is substantive
  • Evaluation when outputs are not present
  • Evaluation when outputs are present
  • Acquired contract
  • Identifying a Business Combination
  • Structure of a Business Combination
  • Acquisition method
  • Identifying the acquirer
  • Nature of investments
  • Determining the acquisition date
  • Recognition Principle
  • Recognition Conditions
  • Classifying or designating identifiable assets acquired and liabilities assumed in a business combination
  • Examples for different accounting
  • Exceptions
  • Measurement Principle
  • Non-controlling Interest (NCI)
  • Calculation of NCI and goodwill under both methods
  • Exceptions to the recognition or measurement principles
  • Contingent Liabilities
  • Example of Contingent Liabilities
  • Exceptions – Income Taxes
  • How DTA or DTL affect the amount of goodwill or bargain purchase
  • Employee Benefits
  • Indemnification assets
  • Leases in which the acquiree is the lessee
  • Reacquired rights
  • Pre-existing relationship
  • Assembled workforce and other items that are not identifiable
  • Share-based payment transactions with illustrations
  • Assets held for sale
  • Recognising and Measuring Goodwill or a Gain from a Bargain Purchase
  • Bargain Purchase with example
  • Consideration transferred with example
  • Contingent consideration
  • Business Combination achieved in stages with example
  • A Business Combination achieved without transfer or consideration
  • Measurement Period
  • Determining what is part of Business Combination
  • Arrangement for contingent payments to employees or selling shareholders
  • Assets with uncertain cash flows
  • Assets subject to operating leases in which the acquiree is the lessor
  • Assets that the acquirer intends to use in a different way
  • Non-controlling interest (NCI) in an acquiree
  • Acquisition-related costs
  • Subsequent measurement and accounting
  • Contingent liabilities
  • Indemnification assets
  • Several numerical examples illustrating how to consolidate BS, PL, OCI and SOCE

 

Ind AS 112 – Disclosure of Interests in Other Entities

What you will learn:

Since this is a disclosure based standard, applicable disclosures in Ind AS 112 should be applied with the other 5 standards.

  • What is interest in another entity
  • Contractual and non-contractual involvement
  • Purpose and design and consideration of risks
  • Evidence of interest in another entity
  • Objective and meeting it
  • Separate presentation of information
  • Significant judgements and assumptions and other disclosures
  • Investment entity status
  • Interest in subsidiaries and composition of the group
  • Disclosures for each subsidiary that has NCI
  • Nature and extent of significant restrictions
  • Consolidated structured entities
  • Nature and changes in risks associated
  • Disclosures for financial and other support
  • Interest in unconsolidated subsidiaries and list of disclosures required
  • Interests in joint arrangements and associates
  • Nature, extent and financial effects of an entity’s interests
  • Disclosures for different types of events, transactions and scenarios
  • Unconsolidated structured entities
  • Disclosures for nature of risks

 

Key features

Subject matter – 200+ important topics and concepts are meticulously discussed in video lectures

Session type – Detailed deliberation on 6 standards with maximum use of practical examples and engaging illustrations

e-Book – 230+ pages of specially curated e-book for thorough understanding

Live conversion – Actual demonstration of how to consolidate a Balance Sheet, PL, OCI and SOCE is included

On-Demand Access –  Videos can be accessed anywhere, anytime on any device such as PC, Laptop, Tablet and Mobile

Unlimited Views  – There is no restriction to the number of views

Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase

Study material  –  Receive an in-depth e-book, presentation slides and a handout of numerical worked examples of all 6 standards

Watch time:  9 hours 17 minutes


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About the e-Book

Combined and Consolidated Financial Statements under Ind AS

Consolidation is the ultimate form of accounting. It establishes principles of preparing financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flow of the parent and its subsidiaries are presented as those of a single economic entity. This research based and extensive e-Book contains a high-level technical summary of all 6 standards namely:

  1. Ind AS 27:   Separate Financial Statements
  2. Ind AS 28:   Investments in Associates and Joint Ventures
  3. Ind AS 103: Business Combinations
  4. Ind AS 110: Consolidated Financial Statements
  5. Ind AS 111: Joint Arrangements
  6. Ind AS 112: Disclosure of Interests in Other Entities

It has been interpreted in detail how these standards are articulated with the use of maximum numerical worked-out examples and case studies. They are further elaborated through exhaustive accounting calculations, journal entries, applicable paragraphs, extracts of financial statements and much more. Moreover, the new Amendment to the Definition of a Business has been included with accurate illustrations.

Pages: 235

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5 reviews for Combined and Consolidated Financial Statements (Video Lectures + eBooks)

  1. Venkatesh R (verified owner) –

    the way you have separated the standards and broken down topics with examples and clear explanation is unbelievable. ebook also very helpful in understanding

  2. Nirmal Desai (verified owner) –

    This combo pack provides practical insights and interpretations, making them valuable for accounting professionals. Examples are added bonus and language is simple

  3. Kunal Saraf (verified owner) –

    if you are looking to understand and apply consolidation and business combination this video plus ebook product is perfect for you

  4. Swarnendu Dutta (verified owner) –

    It teaches you everything from the fundamentals to advanced topics…complex concepts are explained in easy to learn manner…will definitely use for future reference

  5. Chandan Sankar (verified owner) –

    I must say this was one area i had dificulty for long time thanks to sir lecture I am more comfortable but have to study more and apply at work

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