2023/2024

Consolidated Financial Statements

Type: Mago-Lego

Delivered by: School of Finance

When: 4 module

Online hours: 12

Open to: students of all HSE University campuses

Language: English

ECTS credits: 3

Contact hours: 20

Course Syllabus

Abstract

Course is designed for master students who have had experience with International Financial Reporting standards, who studied local or international financial accounting practices before or has accounting background. This course starts classification of investments into financial assets, into associated companies based on the criteria of significant influence, and into subsidiaries based on the criteria of control. We proceed with the question of business combinations starting with the development of the understanding what is business combination as it is defined in IFRS, what the notion of business is, and then discuss the indicators of this kind of deals as opposed to purchasing a selection of assets and liabilities. This course looks in details at 4 steps of accounting for business combinations, initial recognition and measurement of identified intangible assets and goodwill, calculation of non-controlling interest. It also covers the issue of subsequent goodwill impairment. Consolidation principles and techniques are studied, as well the scope of consolidation and exceptions. Also the course is focused on the accounting and reporting for associates using equity method. The course does not require extensive knowledge of mathematics and statistics. The course has a course on IFRS as a prerequisite. Online course: https://opentuition.com/acca/fr/acca-financial-reporting-fr-lectures/