Course Details

Using a practical case study, this course will bring participants through the consolidation process for groups under FRS 102. Consolidated financial statements continue to present a unique challenge for practitioners and this video will take you through some of the key issues encountered in preparing consolidated accounts. It will also take a look at the company law requirements, including the changes that have risen as a result of the UK’s departure from the EU. The case study will take you, step-by-step, through the process you need to follow to consolidate a group of companies.

 

In this session Lindsay Webber and Claire Thomson have covered the following:

 

  • Consolidation basics & the requirement to consolidate
  • Practical steps for consolidation
  • Consolidation case study
  • Common errors on consolidation
  • Review of live consolidated accounts

 

By purchasing this session, you will refresh your knowledge of basic consolidation techniques, and gain insight into some of the complexities that can arise from intra-group and other transactions. You will also be able to understand the impact of Brexit on potential audit and consolidation exemptions for groups with UK and non-UK entities. 

CPD Course Speaker

Grant Thornton

Claire Thomson

Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.

After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.

OmniPro Practice Support

Lindsay Webber

As a member of our Practice Support team, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training, technical assistance, and file reviews.

Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.

Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.