Navigating group financial reporting - The consolidation process - Webinar SG 2026

Consolidating financial statements for a group of companies can be challenging, particularly when dealing with complex group structures. A comprehensive understanding of FRS 110 (Consolidated Financial Statements), FRS 111 (Joint Arrangements) and IFRS 103 (Business Combinations) is essential for accurate group consolidation.

You will learn how to identify whether a control relationship exists, account for acquisitions, calculate goodwill, eliminate intra-group transactions, address unrealised transactions and manage non-controlling interests.

At the end of the course, you will be equipped with the knowledge and practical skills needed to navigate these complexities, ensuring compliance with accounting standards and facilitating accurate and efficient group financial reporting.

Key topics covered

• Consolidation principles under FRS 110, 111 and 103
• Eliminating intra-group transactions and unrealised profit transactions
• Managing non-controlling interests and equity accounting
• Calculating goodwill using both partial and full goodwill methods
• Disclosure requirements for group financial statements

Speaker Profile

Oh Ai Sim
Ai Sim has more than 21 years of audit-related experience with a Big Four accounting firm. Her portfolio of clients includes public listed entities and multinational corporations covering industries across retail, manufacturing, trading, property development and construction. She has also conducted in-house and client training sessions covering FRS and audit-related topics.