The British Academy for Training and Development offers an Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements. This course aims to provide participants with advanced knowledge and essential tools to understand and apply specialized accounting concepts for business combinations and the preparation of consolidated financial statements. The course will cover all aspects of advanced financial reporting, including how to handle consolidated financial statements after business combinations, acquisition analysis, and addressing complex accounting challenges that accountants may face in this context.

Throughout the course, participants will learn how to perform accounting consolidation for businesses, with a focus on international standards for preparing consolidated financial statements such as IFRS and US GAAP, as well as understanding consolidated financial statements and ensuring their accuracy and reliability in various accounting operations.

Who Should Attend?

• Accountants and financial auditors.
• Accounting and financial reporting managers.
• Specialists in managing accounting operations after acquisitions and business combinations.
• Accountants looking to deepen their knowledge in preparing consolidated financial statements and business combinations.
• Financial experts in multinational companies.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand advanced accounting concepts related to business combinations.
• Learn how to prepare consolidated financial statements correctly according to international standards.
• Learn how to identify and evaluate assets and liabilities related to acquisitions.
• Master the process of consolidating financial statements for different businesses.
• Address accounting challenges in business combinations and the preparation of consolidated financial reports.

• Introduction to Business Combinations and Its Accounting Evolution

  • Difference between business combinations and acquisitions.
  • Importance of business combinations in financial reporting.
  • Accounting standards for business combinations (IFRS and US GAAP).

• Importance of Consolidated Financial Statements

  • Concept of consolidated financial statements.
  • Reasons for preparing consolidated financial statements.
  • How business combinations affect consolidated financial statements.

• Basic Principles in Business Combination Accounting

  • Accounting foundations for business combinations.
  • Impact on accounting for preparing consolidated financial statements.
  • How to estimate the value of combined businesses.

• IFRS Standards for Business Combinations

  • Understanding international accounting standards (IFRS 3) for acquisitions.
  • Rules for preparing consolidated statements under IFRS.
  • Dealing with fair values of assets and liabilities after the combination.

• US GAAP Standards for Business Combinations

  • Differences between IFRS and US GAAP in business combinations.
  • Handling acquisition-related costs.
  • Consolidating financial data under US GAAP.

• Differences Between International and Local Standards

  • Comparison between international and local accounting standards.
  • Challenges in applying different standards in business combinations.
  • Aligning companies with international accounting requirements.

• Evaluating Combined Assets

  • How to identify transferable assets.
  • Estimating the value of combined assets according to fair value.
  • Accounting methods for long-term asset valuation.

• Identifying Combined Liabilities

  • Evaluating liabilities arising from the combination.
  • How to identify deferred liabilities and merger obligations.
  • Dealing with liabilities resulting from restructuring processes.

• Handling Exclusion of Assets and Liabilities

  • Principles for excluding unavailable assets after the combination.
  • How to evaluate non-usable assets post-combination.
  • Excluding assets and liabilities in consolidated financial reports.

• Financial Data Consolidation Phases

  • Accounting operations during business combinations.
  • Integrating financial data through combining financial statements.
  • The principle of recognizing combined elements in consolidated statements.

• Merging Accounting Procedures in Consolidated Statements

  • Accounting using the acquisition method.
  • How to record combined assets and liabilities in consolidated statements.
  • Applying the unified method for merging profits and losses.

• Challenges in Consolidating Financial Statements

  • Handling fair value discrepancies.
  • Correcting overlaps in accounting figures.
  • Managing complex financial statements.

• Measuring Profit and Loss Post-Combination

  • How to calculate the impact of the combination on profits.
  • Accounting effects of profits and losses in merged operations.
  • Preparing financial reports to reflect the adjusted financial position.

• Profit and Loss Distribution in Merged Companies

  • How combinations affect profit and loss distribution.
  • Dividend distribution after a combination.
  • How to evaluate distributions post-combination.

• Accounting Challenges in Profit and Loss Distribution

  • Issues related to post-combination accounting requirements.
  • Handling dividend distributions according to accounting variations.
  • Coordinating between merged companies for fair profit distribution.

• Preparing Consolidated Retained Earnings Statements

  • Calculating retained earnings after a combination.
  • How to record retained earnings in consolidated statements.
  • Handling retained earnings in merged companies.

• Handling Deferred Contributions

  • How to calculate deferred contributions after the combination.
  • Impact of deferred contributions on consolidated financial statements.
  • Accounting for deferred contributions in business combinations.

• Accounting for Retained and Deferred Profits

  • How to calculate the difference between deferred profits and losses.
  • Analyzing the impact of deferred contributions on financial performance.
  • Dealing with financial restrictions of retained earnings.

• Estimating Restructuring Costs Post-Combination

  • How to assess restructuring costs.
  • Estimating expenses related to restructuring.
  • Accounting for restructuring costs in consolidated statements.

• Identifying Restructuring Liabilities in Financial Reports

  • How to classify restructuring liabilities in financial statements.
  • Handling deferred restructuring expenses.
  • Impact of restructuring on consolidated financial reports.

• Analyzing Changes in Capital Structure After the Combination

  • Impact of restructuring on capital structure.
  • Debt and receivable restructuring.
  • Changes in capital structure post-combination and their effect on financial reporting.

• Financial Classification of Merged Businesses

  • How to classify assets and liabilities in consolidated financial statements.
  • Accounting changes in asset classification post-combination.
  • Financial impacts of acquisition activities on consolidated reports.

• Acquisition Operations Analysis

  • How to calculate the cost of acquiring companies.
  • Impact of acquisitions on market share and profits.
  • Accounting for differences arising from acquisitions.

• Accounting Challenges in Acquisition Operations

  • Dealing with financial overlaps after acquisitions.
  • Classifying combined assets and determining their values.
  • Legal and financial challenges faced during acquisitions.

• Preparing Consolidated Financial Performance Reports

  • How to create consolidated financial reports post-business combination.
  • Analyzing the financial performance of merged companies.
  • Preparing profit and loss reports after the combination.

• Analyzing the Financial Impact of Business Combinations

  • Measuring the impact of the combination on profitability performance.
  • Analyzing financial results based on accounting standards.
  • Long-term effects of the combination on financial performance.

• Challenges in Preparing Consolidated Financial Reports

  • How to handle accounting discrepancies in performance reports.
  • Challenges in adjusting financial reports to reflect the full impact of the combination.
  • Handling post-combination financial data adjustments.

• Reviewing and Analyzing Final Reports

  • How to evaluate consolidated financial statements at the end of the course.
  • Identifying strengths and weaknesses in financial reports.
  • Managerial effects on merger financial reports.

• Financial Management and Organization in Merged Projects

  • Importance of organized financial report management.
  • Completing the merger process in the most effective way.
  • Analyzing financial management in business mergers.

• Preparing Final and Disclosure Financial Reports

  • How to prepare final reports for investors.
  • Understanding transparent financial disclosure in merged projects.
  • Long-term effects of the project post-merger.