CPDStore Ireland

This short webinar will cover the main issues that need to be considered when preparing group financial statements under FRS 102. In particular it will concentrate on the two main sections dealing with the topic in FRS 102 – Section 9 Consolidated and separate financial statements and Section 19 Business combinations. The session will be particularly important for those accountants in Ireland that are involved in either the preparation of group accounts or in advising clients on how to comply with the specific sections in FRS 102 on group reporting. The latest changes to Business combinations due to be applied from 1^st January 2026 will also be covered.

In this session Professor Robert Kirk will cover the following topics:

• The definition of a parent including SPEs
• The requirement to present consolidated financial statements 
• What are Special Purpose Entities (SPEs)
• The procedures in consolidating group entities
• Acquisition and disposal of subsidiaries
• Accounting for non-controlling interests
• Disclosures
• Definition of a business combination
• Application of the purchase (acquisition) method of accounting
• Contingent liabilities, goodwill and negative goodwill
• Disclosure – business combinations
• Amendments from March 2024 applicable from January 2026

By attending this session, you will be able to prepare and advise clients on how to prepare consolidated financial statements.

This session be of most interest to accountants involved in the preparation of IFRS financial statements but also to practicing accountants who provide financial advice and auditors  

Course level: Those attending should have a broad knowledge of FRS 102 to best appreciate the content of the course.