What you'll get
- 2+ Hours
- 1 Courses
- Course Completion Certificates
- Self-paced Courses
- Technical Support
- Case Studies
Synopsis
- This section explains the definitions and distinctions among subsidiaries, associates, and joint ventures under IFRS.
- It covers various types of intercompany profit transactions that occur between related entities.
- The treatment of unrealized losses arising from downstream and upstream sales within a group is discussed.
- Lateral transactions, which occur between entities at the same hierarchical level, are also explained.
Content
| Courses | No. of Hours | Certificates | Details |
|---|---|---|---|
| Mastering Intercompany Transactions | 2h 17m | ✔ | View Curriculum |
Description
This course offers a detailed exploration of intercompany transactions and their significance in financial and management accounting. Participants will learn how IFRS explains the roles and features of subsidiaries, associates, and joint ventures, and how transactions among connected entities are properly accounted for.
Through practical examples, case studies, and real-world illustrations, the course demonstrates how to identify and account for various intercompany profit transactions, including sales of goods and depreciable assets, both upstream and downstream. Special attention is given to understanding unrealized gains and losses, as well as lateral transactions, to ensure accurate financial reporting and informed decision-making.
By bridging theoretical knowledge with hands-on applications, this training empowers participants to grasp complex accounting concepts with clarity and confidence. It is designed to enhance both technical accounting skills and strategic thinking, making it valuable for professionals and students seeking to apply accounting principles effectively in real-world settings.
Requirements
- A basic understanding of key accounting terminology is recommended for smoother learning.
- Learners should be familiar with fundamental financial statements and their components.
- An interest in applying accounting concepts to real-world business situations will further support effective participation.
Target Audience
- Designed for accountants, cost accountants, tax consultants, and commerce or finance students seeking practical accounting skills.
- Useful for professionals involved in financial reporting, consolidation, or intercompany accounting.
