Consolidated Financial Statements - Part 1 ICAG | CIMA | ACCA | CFA Nhyira Premium

Consolidated Financial Statements - Part 1 ICAG | CIMA | ACCA | CFA Nhyira Premium
#NhyiraPremium #ConsolidatedFinancial Statements #ACCAF7
In this video, Consolidated Financial Statements - Part 1(How to understand Group Accounts), Nhyira Premium explains the basic principles and concepts in the preparation of Group Accounts.
He discussed how to determine the group structure, calculate the post-acquisition, the group retained earnings, valuation non - controlling interest and intergroup trading transactions, how to prepare group accounts.
This video is certainly for students preparing for the ACCA F7 and ACCA P2 examination as well as students of the Institute of Chartered Accountants Ghana (ICAG) studying Financial Reporting and Corporate Reporting.
Parent, control, subsidiary,
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Пікірлер: 61

  • @NhyiraPremium
    @NhyiraPremium5 жыл бұрын

    Thank you for watching this video. Become a VIP Member by Subscribing To My Channel goo.gl/Nw9WJU Check out these playlists also Management Accounting kzread.info/head/PLr0o467TparX-T2HRzbQHeL3GvdeQUjsQ Financial Management kzread.info/head/PLr0o467TparXJe7a9Kmh7XIkWCaFdRECO Public Sector Accounting and Finance kzread.info/head/PLr0o467TparUVByDsBSUzp4gz7FY-ZCiX Financial Reporting / Corporate Reporting kzread.info/head/PLr0o467TparV0dWblpCOnwN2oVHjmzpKx Strategic Case Study kzread.info/head/PLr0o467TparWm9hiAwhsmgzG1deg3ZjWk

  • @geraldezeh5155

    @geraldezeh5155

    4 жыл бұрын

    Great lecture. I can't find the video continuation of secret principles of consolidated financial statement where you are about to start solving questions

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Alright Gerald, check the playlist titled "Group Financial Statements ". That's the continuation. Thank you

  • @deigosalah4758
    @deigosalah47584 жыл бұрын

    What a legend lecturer. I literally could not understand any of the consolidated financial statements until i saw your very simplified video of it. You are doing a great job and you are a great lecturer so thank you very much. Please keep going.

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Great to hear from you. I really appreciate this. 🙏🙏🙏🙏

  • @joym1925
    @joym19254 жыл бұрын

    I just came across your Channel while studying for the CPA. I know you’re doing IFRS instead of GAAP but I appreciate your videos. And you’re from Ghana and I’m Visual learner.

  • @akinyodeadebiyi7994
    @akinyodeadebiyi79943 жыл бұрын

    Highly refreshing lectures!

  • @bernardoforiboakye5549
    @bernardoforiboakye55493 жыл бұрын

    Very simple and self explanatory video. Thank you very much Sir...

  • @alhajiekamara4371
    @alhajiekamara43712 жыл бұрын

    Thank you so much sir for your relentless effort I enjoy your lectures a lot

  • @taofiksulaimon8137
    @taofiksulaimon81374 жыл бұрын

    It is very informative and educating

  • @stanleychingobe7193
    @stanleychingobe71932 жыл бұрын

    May the good Lord bless you and increase your knowledge, great lecturer indeed,keet going

  • @cpajohnmbuthiah3256
    @cpajohnmbuthiah32564 жыл бұрын

    lovely stuff

  • @adudwomoh563
    @adudwomoh5632 жыл бұрын

    Nhyira please the exchange amount is 1,000*2*3.5 = 7000.. Please

  • @user-wi3ke6vi9h
    @user-wi3ke6vi9h11 ай бұрын

    Thank you so much

  • @cholamulubwa5946
    @cholamulubwa59463 жыл бұрын

    Good lecture

  • @jamestetteh1537
    @jamestetteh15373 жыл бұрын

    Good job sir. Much detailed

  • @emmanuelsimkonda3304
    @emmanuelsimkonda33043 жыл бұрын

    Why have you not considered 2 on calculating share consideration?

  • @olubusolamimartins6357
    @olubusolamimartins63573 жыл бұрын

    I just stumbled on your video... very comprehensive I must say. However, Please why did you do away with the 2 in the calculation of the share exchange? The answer should be $7000 by my calculation. Please explain if it was deliberate or an oversight on your part.

  • @isaacjude1571
    @isaacjude15714 жыл бұрын

    you are too good my brother...you made it simple

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Thank you, check the entire playlist for other similar videos

  • @candacemarcos4808
    @candacemarcos48084 жыл бұрын

    Found it. Thank you so much for this.

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Great to here. I trust you are getting all that you require to prepare and pass your exam on this Channel.

  • @grandvillemedicals7796
    @grandvillemedicals77963 жыл бұрын

    My observation, in your calculation for getting purchase Consideration by exchange of shares, you said (5000/5*2*$3.5)=3500 can you give a reason while you omitted the 2 cause the initial value was meant to be $7000. i will appreciate if you can help me clear this.

  • @issakaibrahim7012
    @issakaibrahim70122 жыл бұрын

    Thank you sir for making me understand consolidation. Please I'm preparing for financial reporting and public sector accounting and needs your help sir.

  • @samuelfosu7237
    @samuelfosu72375 жыл бұрын

    i enjoy ur lectures very much so if u can do that of financial management

  • @NhyiraPremium

    @NhyiraPremium

    5 жыл бұрын

    There are some videos on Financial Management. Check the playlist. You can also enroll Online to get access to complete course contents here: www.nhyirapremiumuniversity.com/courses

  • @mmishaelful
    @mmishaelful2 жыл бұрын

    Thanks for this one

  • @NhyiraPremium

    @NhyiraPremium

    2 жыл бұрын

    Always a pleasure 🙏

  • @kojoamoahmusic816
    @kojoamoahmusic8165 жыл бұрын

    Wow keep up with the good works

  • @NhyiraPremium

    @NhyiraPremium

    5 жыл бұрын

    thank you Gideon

  • @samuelfosu7237

    @samuelfosu7237

    5 жыл бұрын

    5000/5*2*3.5 should have been 7000 not 3500 so pls check it

  • @emmanuellamptey9749
    @emmanuellamptey97493 жыл бұрын

    I love this class. The only thing I hate is the Eco in the sound, it takes me to the boring usual PH system class. If something can be done about the sound

  • @herbalife_global_distributors
    @herbalife_global_distributors5 жыл бұрын

    Please do a complex group example with multiple intra group transactions.

  • @NhyiraPremium

    @NhyiraPremium

    5 жыл бұрын

    You can check the playlist on Group Financial Statements.

  • @philipatsumensah1083
    @philipatsumensah10834 жыл бұрын

    Hello sir Thank you for the great work you are doing I overheard you say you have explained all the standards in particular video please which video is that?

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Check the playlist titled "Accounting Standards Series" on the my Channel page and you will get access to the lecture videos

  • @philipatsumensah1083

    @philipatsumensah1083

    4 жыл бұрын

    @@NhyiraPremium Am very grateful sir

  • @fredricksakala6630
    @fredricksakala66302 жыл бұрын

    Wow I have been struggling to find a video that best explains this topic and kudos, you just got yourself a new subscriber. Am doing Financial Reporting and someone advised that these videos are for Advanced financial reporting. Can they be useful in my case cause I noticed you maintained the figure for retained earnings for both at acquisitions and reporting date. And please kindly clarify how you got to deal away with the 2. Much love all the way from zambia..... 🇿🇲

  • @fredricksakala6630

    @fredricksakala6630

    2 жыл бұрын

    Please kindly consider my question I have outlined in my earlier message, am anxiously awaiting your response so I can make an informed decision.

  • @eyramagbeyeye319
    @eyramagbeyeye3194 жыл бұрын

    Thanks for the lecture. Please where is part 2

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Welcome. Please check the playlist "Consolidated Financial Statements" Thank you

  • @eyramagbeyeye319

    @eyramagbeyeye319

    4 жыл бұрын

    Alright. Many thanks

  • @michaelajayi2648
    @michaelajayi26484 жыл бұрын

    Nice lecture. please where is the video on preparation of financial statement of a single entity

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    You can check the playlist on the Channel

  • @michaelajayi2648

    @michaelajayi2648

    4 жыл бұрын

    Thank you for the reply.i enjoy your lectures.

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    @@michaelajayi2648 it's a pleasure 🙏🙏🙏

  • @fredricksakala6630
    @fredricksakala66302 жыл бұрын

    Hello sir, what would happen if a parent company acquires shares of more than 60% which makes them to own the company in terms of control but the remaining 40% which is the NCI happens to have a majority of the board of directors in the board. how is control going to be dealt with in that case cause both scenarios qualifies the requirements of exercising control. please visit back.

  • @NhyiraPremium

    @NhyiraPremium

    2 жыл бұрын

    The other factors or indicators of control will be used and then determination will be made.

  • @jamestetteh1537
    @jamestetteh15373 жыл бұрын

    Please Sir, how can l get your management Accounting tutorials. It's a course l hardly study on my own. Kindly assists me please Thank you

  • @NhyiraPremium

    @NhyiraPremium

    3 жыл бұрын

    You can check the Channel and look for the playlist titled Management Accounting. Word to note: Make sure you attend lectures

  • @kafuipraise6311
    @kafuipraise63112 жыл бұрын

    Please try and do something about the background noise. It distracts me

  • @abdulsaidmkamara7305
    @abdulsaidmkamara73055 жыл бұрын

    Hi There can you please explain why The post acquisition Reserved are subject to consolidation adjustments .......... I thought that to calculate the Group retained earnings you just do the below ; (Retained Earnings @ Consolidation Date - Retained Earnings @ Acquisition) * Controlling interest % + Parents whole retained earnings @ Consolidation date. What am I not understanding

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Adjustments are made for Provisions for unrealised profit, fair value, among others

  • @ziiziahmed7741
    @ziiziahmed77414 жыл бұрын

    please do you offer IPSAS courss

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    Yes

  • @ziiziahmed7741

    @ziiziahmed7741

    4 жыл бұрын

    @@NhyiraPremium send me links proff

  • @NhyiraPremium

    @NhyiraPremium

    4 жыл бұрын

    @@ziiziahmed7741 Call or WhatsApp 0501149296

  • @yovayllaawuah8732
    @yovayllaawuah87324 жыл бұрын

    please check your figure for exchange share

  • @adudwomoh563

    @adudwomoh563

    2 жыл бұрын

    You're right dear..

  • @meytithveasna339
    @meytithveasna3393 жыл бұрын

    Apple Co owns 60% of Pear Co. Apple has receivables of $60,000 and Pear has receivables of $40,000. Pear owes Apple $10,000. What are consolidated receivables? A. $74,000 B. $84,000 C. $90,000 D. $100,000

  • @NhyiraPremium
    @NhyiraPremium4 жыл бұрын

    Podcast / Audio LECTURES Are you looking for Audio lectures on various topics by Nhyira Premium for your ICAG | CIMA | ACCA EXAMINATION? Get access to these lecture from any of the below Podcast Platforms. iTunes podcasts.apple.com/gh/podcast/nhyira-premium-l-education-entrepreneurship-l/id1457522865 Stitcher www.stitcher.com/podcast/nhyira-premium-l-education-entrepreneurship-l?refid=stpr Spotify open.spotify.com/show/3IYbvk7USQISDh4hfSo0vI Website nhyirapremiumuniversity.com/podcast/ #acca #education

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