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| GEST0257-1 | Consolidation of Financial Statements
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| Duration : | 30h Th |
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| Credits/ECTS : |
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| Holder(s) : | Henri Olivier |
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| Language : | Langue française |
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| Course contents : | Having situated business combinations and groups of companies in the economy, we first define the scope of the consolidated entity and the information accounting system to put in place in order to collect reliable information from related entities. Then the different steps of the consolidation process are studied: translation of foreign currencies, harmonisation of valuation methods, treatment of goodwill, consolidation adjustments, elimination of intra-group transactions, mid-year and peacemeal acquisitions or disposals, equity accounting. Finally, the last part of the course deals with the analysis of consolidated financial statements. |
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| Course objective : | C.1. The objective of the course is to introduce students to the financial accounting management of group of companies and to the understanding of consolidated financial statements published in compliance with international financial reporting standards.
C.2. By means of self-assessment exercices, students apply konwn processes on cases similar to those proposed during the lectures.
P.3. After each lecture, students are required to work on case studies implying analysis of relationships between different topics discussed earlier. |
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| Prerequisites : | Good knowledge of Accounting principles |
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| Workshops : | Students are asked to solve case studies during and after the lectures |
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| Organization : | Lectures take place in the second half of the year - Two hours each week |
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| Written notes : | Syllabus and slides available on the internet.
Recommended textbooks:
- PIERCE A. and BRENNAN N. "Principles and Practice of Group Accounts" Ed Thomson Learning.
- Jean Michel PALOU, « Manuel de consolidation », Ed.Groupe Revue Fiduciaire, Paris 2002. |
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| Assessment : | Written examination |
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| Contacts : | Henri.Olivier@ulg.ac.be |
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| Remarks : | Language of the lectures : French |
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