A step-by-step explanation of the consolidation process.
This course explains the consolidation process step-by-step, including a subsidiary's acquisition transaction, recognition of goodwill or the bargain purchase gain, the technical aspects of consolidating the financial position, and profit & loss statement including elimination conditions and the recognition of Non-controlling Interest (NCI).
This course depends on a case study that simplifies the theory behind the following standards: - ASC 805 Business Combinations, ASC 810 Consolidation, IFRS 3 Business Combination, and IFRS 10 Consolidated Financial Statements.
Field of Study: Accounting
Moataz has over 19 years of accounting, budgeting, auditing, consolidated financials, IFRS, US GAAP, costing, corporate reorganization, debt restructuring, capital reconstruction, and many other aspects of the financial field. Moataz began his career as an external auditor for an international association member firm that provides audit and assurance services worldwide, working with various clients in the education, investment, automotive, constructions, real estate, oil, and manufacturing sectors in the State of Kuwait. Moataz has held several executive positions in prominent stock brokerage firms, holding, and investment groups. Moataz gained his experience from solving day-to-day work issues, and helping entities implement proper accounting systems; thus, he can support the theoretical topics with practical cases, allowing the audience to realize the maximum benefit from attending his courses. Moataz holds a bachelor's degree in Accounting from Alexandria University, Egypt, certified in IFRS from the Association of Chartered Certified Accountants, London, UK. Also, he is a Certified Public Accountant licensed in North Dakota, USA.
