Bank Accounting Consolidation Training under IFRS

This hands-on training focuses on the main principles of IAS/IFRS consolidation in the banking industry and on the related difficulties.

Learning Objectives:

At the end of this session, participants will be able to:

• Define bank accounting;
• Compare bank accounting with other forms of business accounting;
• Demonstrate the accounting treatment for bank transactions under the IFRS;
• Apply consolidation procedures under IFRS;
• Prepare the accounting statements at monthly, quarterly and annual intervals

Course Outline

• Presentation of the IFRS consolidation mechanisms (IAS 27, 28, 31)
• Review of IFRS fundamentals
• Scope of IFRS consolidation and IFRS consolidation methods
• Adjustments related to intra-group operations
• Application: differences between IFRS and GAAP consolidation frameworks
• Goodwill and intangible assets
• Determination and allocation of goodwill
• Goodwill depreciation test and depreciation provision
• Deconsolidation and outstanding balance allocation into the income statement
• Practical application: goodwill allocation in an acquisition operation
• Actions on equity portfolios and off-balance sheet commitments
• Evaluation and allocation of equity portfolios upon acquisition
• Actions on off-balance sheet commitments and clearing agreements
• Actions on currency-related and deferred taxation-related activities
• Conversion of foreign currency-related activities (translation risk)
• Evaluation of deferred taxation