DFS Birmingham 23 May 2009

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:

[email protected]



  • Steve Collings
    Steve Collings Registered Posts: 997
    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:

    • 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

    • 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.

  • Barry
    Barry Registered Posts: 101 🎆 🐘 🎆

    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.

  • Steve Collings
    Steve Collings Registered Posts: 997
    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.

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