Consolidated financial statements are prepared by using uniform accounting policies for like transactions and events in similar circumstances for all of the entities in a group. These are the significant differences between U.S. GAAP and IFRS with respect to consolidations.
In general, the consolidation of financial statements requires a company to integrate and combine all of its financial accounting functions together in order to create consolidated financial statements that show results in the standard balance sheet, income statement, and cash flow statement reporting.
This online CPE webinar covers the following key topics:
This continuing education course on Accounting depends on a case study that simplifies the theory behind the following standards: - ASC 805 Business Combinations, ASC 810 Consolidation, IFRS 3 Business Combination, and IFRS 10 Consolidated Financial Statements.
You might be looking for a certified course on IFRS.
Certified Public Accountant (CPA), Massaleh Investment Co.
Moataz has over 15 years of accounting, budgeting, auditing, consolidated financials, IFRS, US GAAP, and other aspects of the financial field.
Moataz began his career as an external auditor for a member firm of an international association providing audit & assurance services worldwide, working with various clients in the education, investment, automotive, constrictions, oil, and manufacturing sectors in the State of Kuwait.
Since 2013, Moataz has held executive positions in Kuwaiti stockbrokers' companies and investment groups.
Moataz gained his experience from solving day-to-day work problems, helping entities implement proper accounting systems; thus, he can support the theoretical topics with practical cases, allowing the audience to realize the maximum benefit from attending his courses.
Moataz holds a bachelor's degree in Accounting from Alexandria University, Egypt, certified in IFRS from the Association of Chartered Certified Accountants, London, UK. Also, he is a Certified Public Accountant (CPA) licensed in North Dakota, USA.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
JT
Very thorough overview for preparing consolidated financial statements.
JF
When is Share in Subsidairy's Results recorded on the parents P&L?
NY
He speaks not smoothly and too slow. He isn’t good at presentation. Also I wanted to listen something again and went back to a few minutes ago and then I couldn’t complete when I finished watching the video And I needed to go over the video which is not very good (his explanation sounds boring and so slow and just reading the section in handbook/ slide) It was terrible. I needed to play 3 times and just wait for it to be completed so I will take a final quiz. Please break down the video to some chapter so it won’t happen anymore. I tried lumiQ which is much easier for me to study.
CR
The instructor is very good at comparing ASC and IFRS standards. The example he showed was easy enough to follow.
WQ
Like the content and examples
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