A detailed discussion of the principles of IFRS 10 Consolidated Financial Statements

It is vital to understand whether one entity (the investor) exercises control over another (the investee), as the investee entity is required to be consolidated into its investor parent’s consolidated financial statements if control is present in their relationship. If you are still of the opinion that control is defined as “the ability to govern the financial and operating policy decisions of another entity”, then this is the course for you! IFRS 10 Consolidated Financial Statements has redefined the entire concept of control and has provided significant guidance on how it is to be assessed and applied. It is now imperative that the power of the investor over the investee be closely inspected, as well as its exposure to variable returns from its investment in the investee, whilst also considering its ability to impact the variable returns through the power it yields over the investee. This is an extremely exciting concept and is very enjoyable to learn.

In this course, join Anton van Wyk CA(SA) as all the important aspects of IFRS 10 Consolidated Financial Statements are closely investigated. The course also revisits the purpose of the former IAS 27, where the concept of control was formerly housed and defined, and how it now only impacts a parent company that elects to prepare separate financial statements. You are bound to learn many new concepts in this very interesting short course about control, consolidated, and separate financial statements. By completing this course, you will be developing the following professional competencies:
Main competency grouping: Professional values and attitudes

Sub-competency grouping: Lifelong learning

Specific competency: Inquisitiveness

Main competency grouping: Enabling and future competencies

Sub-competency grouping: Business acumen

Specific competency: Business internal environment

Sub-competency grouping: Decision-making acumen

Specific competency: Critical thinking

Specific competency: Judgement

Specific competency: Problem-solving

Main competency grouping: Technical competencies

Sub-competency grouping: Stewardship of capitals: Business process and risk management

Specific competency: New developments and protocols knowledge

Specific competency: Reporting fundamentals

Sub-competency grouping: Decision-making to increase, decrease or transform capitals

Specific competency: Drawing conclusions

Sub-competency grouping: Reporting on value creation

Specific competency: Providing advice