Preparation of Consolidated Financial Statements (Basic)

🚀 Course Title: Preparation of Consolidated Financial Statements (Basic) 🎓

Course Headline:

Unlock the Secrets of Consolidated Financial Statements with Real-World Insights! 🌟

Course Description:

Dive into the world of financial reporting with our comprehensive video tutorial designed to guide you through the process of preparing consolidated financial statements. This course is a step-by-step journey that will have you mastering the preparation of key financial documents essential for any finance professional. 📊✨

• Detailed Coverage: Learn in-depth about the preparation of:
  • Consolidated Statement of Profit or Loss and Other Comprehensive Income
  • Consolidated Statement of Financial Position
  • Consolidated Statement of Changes in Equity

Note: While this course provides a thorough understanding of preparing consolidated financial statements, it does not delve into the preparation of financial statements' notes and cash flow statements.

What You Will Learn:

From the ground up, you will understand the intricacies of how actual accountants go about consolidating financial figures for two entities. This course is tailored to take you through the consolidation process in real-life scenarios, including:

1. Consolidating Final Financial Statements (or Management Accounts) - A hypothetical situation where you'll learn the theoretical aspect of combining financial statements from two entities. 📑

2. Consolidating Final Trial Balances - The practical approach, which involves using the consolidated Trial Balance to prepare the consolidated Financial Statements. This is what happens in the real world! 🚀

Course Context:

Our course uses a relatable example involving two companies where the first company owns 90% of the second company's shares. Both companies operate in different sectors - one dealing with products, and the other with services, providing a diverse insight into the consolidation process.

Teaching Tools and Techniques:

• PowerPoint Presentations: For visual learners, we provide clear and informative slides to support your learning journey.
• Excel Spreadsheets: Get hands-on with real Excel examples and templates that illustrate the consolidation process.
• PDF Documents: Access additional resources and reference materials in PDF format for a comprehensive understanding of each topic.
• PC White Board: Watch as complex concepts are broken down with the use of a whiteboard, making the material easier to grasp and remember.
• Writing Tablet: See live calculations, highlighting, and drawing during presentations to aid your learning experience.

Engaging Learning Experience:

As you progress through the course, expect an interactive learning experience complete with audio explanations, ongoing calculations, and illustrative indicators to ensure you grasp each concept fully. Our instructor, Michalis Ioosif, brings years of expertise and a passion for teaching to make this course both informative and engaging. 🎤📈

Join Us and Master Consolidated Financial Statements Today!

With practical examples, real-world applications, and a variety of multimedia learning tools, this course is your first step towards becoming proficient in preparing consolidated financial statements. Enroll now and embark on a journey to financial literacy with our expert guidance! 🎓✅

Key Takeaways:

• Learn at Your Own Pace: Access course materials anytime, anywhere.
• Real-World Focus: Apply what you learn to real business scenarios.
• Expert Instruction: Benefit from the experience and knowledge of a seasoned finance professional.
• Interactive Learning: Engage with content that goes beyond static lectures.
• Comprehensive Resources: Receive all the tools needed to succeed in mastering consolidated financial statements.

Ready to take control of your financial reporting skills? Let's get started! 🚀💼