Accounting & Analytics · Financial Accounting

CloseTheBooks: Financial Reporting, Consolidation & IFRS

Simulation placing participants at the helm of the Group Finance function of Condor Holdings during a Q3 financial close. Covers subsidiary review, intercompany elimination, FX translation, NCI calculation, IFRS 15/16/IAS 36 adjustments, and audit interaction.

4 rounds Executive English, Español
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Preview

Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results. The first round opens with: Subsidiary Close Review.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Colombia (70% owned, COP) — Hours
  • Mexico (100% owned, MXN) — Hours
  • Spain (100% owned, EUR) — Hours
  • Intercompany Revenue Elimination ($)
  • Unrealized Profit in Inventory ($)
  • EUR/USD Closing Rate (Balance Sheet)
  • EUR/USD Average Rate (Income Statement)
  • NCI Percentage for Colombia (%)
  • IFRS 15 Revenue Overstatement to Reverse ($)
  • IFRS 16 Lease Treatment

What participants track

What participants follow on screen as the rounds go by:

  • Review Hour Allocation
  • Consolidation Worksheet
  • IFRS Adjustment Package
  • Audit Interaction

Subjects covered

Designed for courses in Financial Accounting.

  • Financial Accounting Principles (GAAP / IFRS)
  • Sustainability / Non-Financial Reporting
  • IFRS vs. US GAAP Differences

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