Group accounting and consolidation techniques in accordance with IFRS

Group accounting obligation according to IFRS

• Mandatory and exempting consolidated financial statements.
• First-time application of IFRS.

Definition of the scope of consolidation

• Inclusion of subsidiaries, joint ventures and associates.

Preparation of the individual financial statements for consolidation

• Uniform Group accounting and valuation methods.
• Group reporting date.
• Currency conversion.

Capital consolidation

• Business combinations.
• Acquisition method.
• Subsequent consolidation.
• Acquisition and disposal of shares.
• Special transactions.

Debt consolidation

• Obligations subject to consolidation.
• Treatment of offsetting differences.

Consolidation of income and expenses

• Expense and income items subject to consolidation.
• Consolidation technology.

Interim result elimination

• Determination of intermediate results.
• Offsetting with and without effect on income.

Equity consolidation

• Initial and subsequent measurement.
• Gradual increase/decrease in share.

Deferred taxes on consolidation measures

• Temporary differences from consolidation measures.

Consolidated cash flow statement

• Basis and delimitation of cash and cash equivalents.
• Presentation of cash flows.

Consolidated statement of changes in equity

• Basic structure and presentation of equity transactions.