<\/p>\n
Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\nIntroduction & video<\/a><\/li>Consolidated Statements of Financial Position [CORE]<\/a>Basics<\/a><\/li>Additional issues<\/a><\/li><\/ul><\/li>Statement of Changes in Equity [CORE]<\/a><\/li>Directed private study – 2 [ADD]<\/a>Users of financial statements<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<\/span>Introduction & video<\/strong><\/span><\/h4>\nThere’s a lot to cover here – so I am publishing it early so that you can schedule sufficient time to manage it all.<\/p>\n\n<\/iframe><\/p>\n<p>Password: 83408<br \/>\nApologies for the poor sound.<\/p>\n<hr \/>\n<h4><span class=\"ez-toc-section\" id=\"Consolidated_Statements_of_Financial_Position_CORE\"><\/span><strong>Consolidated Statements of Financial Position [CORE]<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>This is the main work for this session. The previous session covered the preparation of consolidated income statements. Now we move on to the preparation of consolidated statements of financial position (balance sheets).<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Basics\"><\/span><strong>Basics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Click the link for a structured workbook which covers the basics of consolidated balance sheets: <strong><a href=\"https:\/\/ecourse.co.uk\/consolidations\/consol_bs_INTRO_2022.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">basics of consolidated balance sheets<\/a>\u00a0(updated April 2020)<\/strong>.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Additional_issues\"><\/span><strong>Additional issues<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Once you have completed this you should progress to:\u00a0<strong><a href=\"http:\/\/ecourse.co.uk\/consolidations\/consol_bs_ADD_2022.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">more basics of consolidated balance sheets<\/a><\/strong>\u00a0<strong>(updated April 2020)\u00a0<\/strong>which introduces intercompany trading issues.<\/p>\n<p>You need to have a thorough knowledge and understanding of both the above.<\/p>\n<p>You should also have another look at last week’s elearning material, particularly <a href=\"https:\/\/ecourse.co.uk\/groups\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>these pages<\/strong><\/a>.<\/p>\n<p>There are two case studies for you to have a go at.<\/p>\n<p><strong><a href=\"http:\/\/ecourse.co.uk\/materials\/qmobfin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Mobfin<\/a><\/strong> and<br \/>\n<strong><a href=\"http:\/\/ecourse.co.uk\/materials\/qvaslin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Vaslin<\/a><\/strong>.<\/p>\n<p>There are suggested solutions to these online:<\/p>\n<p><strong><a href=\"http:\/\/ecourse.co.uk\/materials\/solmobfin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Mobfin<\/a><\/strong><br \/>\n<strong> <a href=\"http:\/\/www.ecourse.co.uk\/materials\/solvaslin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Vaslin<\/a><\/strong><\/p>\n<hr \/>\n<h4><span class=\"ez-toc-section\" id=\"Statement_of_Changes_in_Equity_CORE\"><\/span><strong>Statement of Changes in Equity [CORE]<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>We need to have a quick look at the <strong><a href=\"http:\/\/www.ecourse.co.uk\/equity\/changesinequity.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Statement of Changes in Equity<\/a> (click on this link for lecture notes and illustrations)<\/strong>. It’s the only primary financial statement that we have not looked at in any great detail to date.<\/p>\n<p>There also is a <strong><a href=\"http:\/\/www.ecourse.co.uk\/media\/changeinequity\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplified interactive model<\/a><\/strong>(updated April 2020 with text and audio annotations) to help you understand the statement a bit better.<\/p>\n<p>There are typical case study type questions in <a href=\"https:\/\/ecourse.uk\/8135\/?page_id=708\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>additional resources<\/strong><\/a>.<\/p>\n<hr \/>\n<p> <\/p>\n<h4><span class=\"ez-toc-section\" id=\"Directed_private_study_%E2%80%93_2_ADD\"><\/span><strong>Directed private study – 2 [ADD]<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h5><span class=\"ez-toc-section\" id=\"Users_of_financial_statements\"><\/span><strong>Users of financial statements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Why are financial statements prepared. Who are they for.<\/p>\n<p>This resource looks at the target audience for financial reports i.e. <strong><a href=\"http:\/\/ecourse.co.uk\/users\/users.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">users<\/a><\/strong>.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction & video There’s a lot to cover here – so I am publishing it early so that you can schedule sufficient time to manage it all. Password: 83408 Apologies for the poor sound. Consolidated Statements of Financial Position [CORE] This is the main work for this session. The previous session covered the preparation of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-lectures"],"_links":{"self":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129"}],"version-history":[{"count":18,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions"}],"predecessor-version":[{"id":2014,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions\/2014"}],"wp:attachment":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
There’s a lot to cover here – so I am publishing it early so that you can schedule sufficient time to manage it all.<\/p>\n
<\/iframe><\/p>\n<p>Password: 83408<br \/>\nApologies for the poor sound.<\/p>\n<hr \/>\n<h4><span class=\"ez-toc-section\" id=\"Consolidated_Statements_of_Financial_Position_CORE\"><\/span><strong>Consolidated Statements of Financial Position [CORE]<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>This is the main work for this session. The previous session covered the preparation of consolidated income statements. Now we move on to the preparation of consolidated statements of financial position (balance sheets).<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Basics\"><\/span><strong>Basics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Click the link for a structured workbook which covers the basics of consolidated balance sheets: <strong><a href=\"https:\/\/ecourse.co.uk\/consolidations\/consol_bs_INTRO_2022.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">basics of consolidated balance sheets<\/a>\u00a0(updated April 2020)<\/strong>.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Additional_issues\"><\/span><strong>Additional issues<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Once you have completed this you should progress to:\u00a0<strong><a href=\"http:\/\/ecourse.co.uk\/consolidations\/consol_bs_ADD_2022.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">more basics of consolidated balance sheets<\/a><\/strong>\u00a0<strong>(updated April 2020)\u00a0<\/strong>which introduces intercompany trading issues.<\/p>\n<p>You need to have a thorough knowledge and understanding of both the above.<\/p>\n<p>You should also have another look at last week’s elearning material, particularly <a href=\"https:\/\/ecourse.co.uk\/groups\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>these pages<\/strong><\/a>.<\/p>\n<p>There are two case studies for you to have a go at.<\/p>\n<p><strong><a href=\"http:\/\/ecourse.co.uk\/materials\/qmobfin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Mobfin<\/a><\/strong> and<br \/>\n<strong><a href=\"http:\/\/ecourse.co.uk\/materials\/qvaslin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Vaslin<\/a><\/strong>.<\/p>\n<p>There are suggested solutions to these online:<\/p>\n<p><strong><a href=\"http:\/\/ecourse.co.uk\/materials\/solmobfin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Mobfin<\/a><\/strong><br \/>\n<strong> <a href=\"http:\/\/www.ecourse.co.uk\/materials\/solvaslin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Vaslin<\/a><\/strong><\/p>\n<hr \/>\n<h4><span class=\"ez-toc-section\" id=\"Statement_of_Changes_in_Equity_CORE\"><\/span><strong>Statement of Changes in Equity [CORE]<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>We need to have a quick look at the <strong><a href=\"http:\/\/www.ecourse.co.uk\/equity\/changesinequity.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Statement of Changes in Equity<\/a> (click on this link for lecture notes and illustrations)<\/strong>. It’s the only primary financial statement that we have not looked at in any great detail to date.<\/p>\n<p>There also is a <strong><a href=\"http:\/\/www.ecourse.co.uk\/media\/changeinequity\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplified interactive model<\/a><\/strong>(updated April 2020 with text and audio annotations) to help you understand the statement a bit better.<\/p>\n<p>There are typical case study type questions in <a href=\"https:\/\/ecourse.uk\/8135\/?page_id=708\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>additional resources<\/strong><\/a>.<\/p>\n<hr \/>\n<p> <\/p>\n<h4><span class=\"ez-toc-section\" id=\"Directed_private_study_%E2%80%93_2_ADD\"><\/span><strong>Directed private study – 2 [ADD]<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h5><span class=\"ez-toc-section\" id=\"Users_of_financial_statements\"><\/span><strong>Users of financial statements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Why are financial statements prepared. Who are they for.<\/p>\n<p>This resource looks at the target audience for financial reports i.e. <strong><a href=\"http:\/\/ecourse.co.uk\/users\/users.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">users<\/a><\/strong>.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction & video There’s a lot to cover here – so I am publishing it early so that you can schedule sufficient time to manage it all. Password: 83408 Apologies for the poor sound. Consolidated Statements of Financial Position [CORE] This is the main work for this session. The previous session covered the preparation of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-lectures"],"_links":{"self":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129"}],"version-history":[{"count":18,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions"}],"predecessor-version":[{"id":2014,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions\/2014"}],"wp:attachment":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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