How to Prepare Consolidated Financial Statements | ACCA FA & FR (10 Min Tutorial)

Are you struggling with consolidated statements of financial position? 🤔 Don’t worry — I’ll show you how to prepare a Consolidated Statement of Financial Position (Consolidated Balance Sheet) step by step in just 10 minutes.

👉 Perfect for ACCA FA and ACCA FR students, this tutorial will help you master group accounts and improve your exam technique.

What you’ll learn:
How to determine control in group accounts
How to calculate goodwill
Fair value adjustments explained simply
How to deal with non-controlling interest (NCI)
Exam tips for answering consolidation questions with confidence

📑 Download the worksheet here: https://shorturl.at/DlFHO

Table of Contents:
00:00 - Introduction
01:08 - Determine Control
01:27 - Remove the Investment in the Subsidiary
01:44 - Add the Assets of the Group Together
02:29 - Add the Liabilities of the Group together
02:53 - Only Show Equity of the Parent
03:31 - Activity 2: How to Calculate goodwill
06:28 - Activity 3: Fair Value Adjustment
07:15 - Fair Value Defined

Steve Willis ACCA
How to Pass the FA & FR ACCA Exams
www.stevewillistraining.com