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Inter-Company Transaction Tutorials

Name: Inter-Company Transaction Tutorials
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Rating: 4.5 (119 reviews)

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Making Sense of Inter-Company Transactions

Non-controlling interest and inter-company transactions are areas of financial accounting that trip up many accounting students and professionals alike. This tutorial series works through the concept methodically, using case studies rather than dry theory to build genuine understanding.

Starting with the basics — what qualifies as a subsidiary, associate, or joint venture under IFRS — it moves into the different types of inter-company profit transactions, with worked examples covering both downstream and upstream sales of goods and depreciable assets, unrealized losses, and lateral transactions.

Who It's For

Accountants, cost accountants, tax consultants, and accounting students with a foundation in accounting terms who want to strengthen their grasp of this specific topic.

Key Takeaways

IFRS definitions of subsidiary, associate, and joint venture
Downstream and upstream sale of goods and depreciable assets
Handling unrealized losses and lateral transactions
A self-test to check your understanding

About this course

Inter-company Transaction Tutorials:

A non-controlling interest (NCI) refers to a type of investment in a company in which the investor has no or little control over that company. Through this training you shall understand an important financial accounting concept, its methods and impact. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding. Through these tutorials we shall brush upon the very basic of management accounting and how to take decisions related to it. The training has been taken with the help of practical illustrations and examples to understand the topics better. Management Accounting as the definition goes is the recording of all the costs incurred in a business in a way that can be used to improve its management.

The training will include the following;

Introduction - Meaning of Subsidiary, Associate and Joint Venture as per IFRS
Types of intercompany profit transactions
Examples

Downstream Sale of Goods
Upstream Sale of Goods
Downstream Sale of Goods – Partially sold to third parties
Upstream Sale of Goods - Partially sold to third parties
Sale to/by Associate
Sale to/by Joint Venture
Downstream Sale of depreciable asset
Upstream Sale of depreciable asset
Unrealized Losses – downstream & upstream sale
Lateral transactions