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Courses/Accounting & Tax/Financial Reporting & Statements

Consolidated Financial Statements: Income and Equity

Master the preparation and analysis of consolidated financial statements with practical examples and expert guidance.

Created byUKElite Accounting Training
4.0
(1 reviews)
BeginnerUpdated Aug 8, 2024
Consolidated Financial Statements: Income and Equity

What You'll Learn

check_circleUnderstand the principles and scope of consolidated financial statements.
check_circleAccurately eliminate inter-company transactions in financial statements.
check_circleAttribute comprehensive income to non-controlling shareholders.
check_circlePrepare consolidated statements of comprehensive income and equity.
check_circleHandle non-controlling interests in profit after tax and dividends.
check_circleAddress special consolidation scenarios like inter-company bonds and mid-year acquisitions.

About This Course

In this comprehensive course, students will delve into the preparation of consolidated financial statements, addressing key aspects such as the objectives, scope, and elimination of inter-company transactions. Gain proficiency in attributing comprehensive income to non-controlling shareholders and accurately preparing a consolidated statement of changes in equity. By the end, students will be adept at handling the intricacies of non-controlling interests and special scenarios such as mid-year acquisitions and inter-company bonds.

Key Topics:

  • Principles of Consolidated Financial Statements
  • Elimination of Inter-Company Transactions
  • Attributing Comprehensive Income to Non-Controlling Interests
  • Preparing Consolidated Statements of Comprehensive Income
  • Special Topics in Consolidation


This course is ideal for accounting professionals, financial analysts, and anyone with a basic understanding of financial statements looking to enhance their expertise in consolidated financial reporting. A foundational knowledge of accounting principles is recommended.

Your Instructor

UKElite Accounting Training
UKElite Accounting Training
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star78 reviews

UKElite Accounting Training provides cutting-edge professional development courses tailored for accounting professionals across the United Kingdom. Our mission is to deliver top-tier education that equips accountants with the latest skills and knowledge needed to excel in their careers. Our expert instructors offer real-world insights and practical guidance across a wide range of accounting disciplines. With a commitment to excellence and continuous improvement, UKElite Accounting Training is your trusted partner in professional growth.

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What Students Are Saying

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Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.