Basic knowledge of group accounting according to HGB

Legal and economic foundations

• Obligation to prepare consolidated financial statements and exemption options, scope of consolidation.
• Components and presentation of the consolidated financial statements.
• The latest developments in German accounting standards, experience from the application of the new HGB.
• Practical problems.

Preparing the individual financial statements

• Organizational measures, uniform Group accounting and valuation, balance sheet recognition and valuation, adjustment of foreign subsidiaries and currency translation in accordance with the new German Commercial Code.
• Case: Currency conversion.
• Case: Uniform valuation.

Capital consolidation

• Capital consolidation of established and acquired subsidiaries.
• Determination of acquisition costs and the date of initial consolidation.
• Disclosure of hidden reserves and determination of goodwill from initial consolidation.
• Case: Determination of the acquisition costs of the company acquisition.
• Case: Initial and subsequent consolidation.

Debt consolidation

• Practical implementation of the elimination of receivables and liabilities, provisions.
• Case: Debt consolidation.

Interim result elimination

• Concept of the elimination of intercompany profits and losses, determination of group production and acquisition costs, technique of intercompany profit and loss elimination.
• Effects of the BilMoG on the elimination of intercompany profits.
• Case: Interim result elimination.

Consolidation of income and expenses

• Group deliveries and services, own work capitalized by the Group.
• Consolidation of the earnings of subsidiaries.

Key individual issues of group accounting

• Equity method and proportionate consolidation.
• Case: Equity valuation.

Accounting for deferred taxes

• Instructions for determining the control latencies.
• Case: Deferred tax calculation.

Notes to the consolidated financial statements and management report

• New regulation through the BilRUG.
• Preparation of the Group management report in accordance with DRS 20.
• Preparation of the consolidated cash flow statement in accordance with DRS 21.
• Case: Preparation of consolidated cash flow statement.

Options for structuring the consolidated financial statements

Notes on current developments