DFS Birmingham 23 May 2009

Steve Collings

Hi All,

I have a few places left for DFS on 23 May 2009 in Birmingham Central. This day will concentrate purely on DFS from 9.30 - 3.30. Charges will be in the region of approximately £35 - £40 per delegate and will include all the course notes. If you want to join us then please email me at:

steve.collings@accountancystudents.co.uk

Regards
Steve

Steve Collings

Further details of the day are as follows:

Cost of the day = £32 per person
Venue = Novotel Birmingham Centre
Start time = 9.30am
End time = 3.30pm-4.00pm (depending on questions)

Proposed iteniary:

Morning

• Introduction
• Run through of DFS, the examiner, paper layout etc
• The consolidated balance sheet, the approach and a full work through of an exam standard question
• The consolidated profit and loss account, the approach and a full work through of an exam standard question

Afternoon

• The cash flow statement and a full work through of an exam standard question
• Complex accounting standards
• Section B layout
• Ratio analysis - what they mean and easy ways to remember them
• Last minute revision tips and how to avoid common pitfalls

Please email me if you would like to arrive. The class size is restricted I am afraid to a maximum number of 8 people.

Regards
steve

Barry

Steve

I am seriously having problems with DFS. I am struggling with consolidated accounts and the accounting standards are a nightmare. I can't attend your course as i am at a wedding that day but can you help me please?:001_smile:

I have bought your book which helps me but I don't feel ready at all for this exam.

Baz

Steve Collings

HI Barry,

I did reply to your thread asking me for help and I have just stumbled across this one.

With consolidations it is important that you adopt a logical step by step approach in dealing with them.

In DFS you are likely to be given the group structure i.e. P owns 80% of S. Step 1 is normally establishing the group structure.

Consolidated balance sheet

Step 2
Determine the net assets of the sub at the acquisition date and at the balance sheet date

Step 3
Calculate goodwill on acquisition

Step 4
Calculate minority interests (non controlling interests)

Step 5
Calculate consolidated share capital/retained earnings

Step 6
Complete the consolidated balance sheet

Consolidated income statement

With the CIS simply include all of H & S's income and expenses 100% line by line down to and including net profit for the period and at the bottom of the CIS show the amounts attributable to the equity holders of the parent and the amount attributable to minority (non controlling) interests.

Those are the steps I advise students to take when dealing with consolidations and it is important to have a good method in dealing with them.

Regards
Steve