2023-2024 / FINA0042-1

Consolidation

Duration

30h Th

Number of credits

 Advanced Master in Financial Risk Management4 crédits 

Lecturer

Cédric Antonelli

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit 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.

Learning outcomes of the learning unit

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.

Prerequisite knowledge and skills

Good knowledge of Accounting principles

Planned learning activities and teaching methods

Students are asked to solve case studies during and after the lectures

Mode of delivery (face to face, distance learning, hybrid learning)

Lectures take place on Saturday morning from 18 février 2012

Recommended or required readings

Syllabus and slides available on the internet.
Recommended textbooks

Written examination

Work placement(s)

Organisational remarks and main changes to the course

Language of the lectures : French

Contacts

Henri.Olivier@ulg.ac.be

Association of one or more MOOCs