Consolidation under IFRS

Inter-company training

Who is the training for?

  • Heads of accounting and their team
  • Heads of consolidation and their team
  • Chief Financial Officers
  • Accountants
  • Board Members

Level reached



4,00 hours(s)

Language(s) of service



Among the International Financial Reporting Standards, the standards requirements pertaining to consolidation like IFRS 10, 11, 12, IAS 27R and IAS 28R are not the easiest standard to apply.

Topics such as investment entities, agent versus principal, auto-pilot and silo have been introduced or clarified bringing huge changes compared to what we were used.

By the end of the training, participants will be able to:

  • understand and apply IFRS requirements linked to consolidation;
  • identify divergences of the current and the new practice and assess their impact on organisation.


IFRS 3 – business combination
  • Identifying a business combination
  • The acquisition method and the purchase price allocation
  • Contingent consideration
  • Assessing what is part of the business combination
IFRS 10 – Consolidated financial statement
  • Notion of control
  • Potential voting right
  • Agent versus principal
  • Investment entity
IFRS 11 - Joint operation
IFRS 12 - Disclosures
IAS 28 - Equity accounts

Additional information

This training is coordinated by Philippe Förster, Lead Partner of IFRS Learning Solutions of PwC Luxembourg.

It will be animated by experts of PwC Luxembourg daily involved in the implementation of the IFRS norms.

Philippe Förster is the IFRS leader for PwC Luxembourg and is partner in the Assurance practice. He has over 16 years experience in serving financial and multinational institutions providing audit and advisory services. He is part of the PwC Global Accounting and Consulting Services (GACS) and is a partner specialised in accounting for financial instruments and consolidation under IFRS. He is member of several PwC International IFRS working groups: GACS, Financial Instruments Topical Team (FITT) and Corporate Treasury Technical Committee (CTTC). He participated to the elaboration of our global guide: hedge accounting in practice.

Philippe graduated from HEC-University of Liège-Belgium. He is a qualified "réviseur d’entreprises" in Luxembourg.

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