CCH Accounts Production: Group Accounts Formats Training

Overview

This online training course is one online session on how to create a group structure, bringing together the relevant entities set up within CCH Accounts Production to form a set of consolidated statutory accounts for the group.
Users will learn how consolidating and inter-company adjustments are made and how to add group statutory disclosures.
The difference between the formulae used on the group formats and those used elsewhere in the software will be discussed.

Course Duration: This single session will last up to 3 hours.

Key Objectives

To provide users with an understanding of the formats for CCH Accounts Production Consolidation entities, either Limited FRS 102 or Limited IFRS
To bring together the group structure by linking companies
To view parent/subsidiary information within the statutory database
To produce consolidated statutory accounts and entering consolidation journals

Course Contents

Introductions
Principles of using the consolidated entities in CCH Accounts Production (FRS 102 or IFRS)
Creating the consolidation entity(ies)
Setting up the group:
- Group structure
- Adding the parent
- Linking subsidiaries
Consolidation figures and the chart of accounts and rounding:
- Management collection
- Overview of formulae within the audit trail within the consolidated entity of parent and subsidiary entities
Identification of non-financial entries brought through to the consolidated entity:
- Addresses
- Associations
- Officers

Initial set-up in the Statutory database
Financial statements - initial preview
Journals:
- Advisor journals - consolidation and inter-company journals (group elimination)
- Non-controlling interest (minority interest)
Further statutory database set-up /entries:
- Offset accounts
- Analysis and viewing group values from parent / subsidiary(ies)
- Accounting policies
- Reports (e.g. strategic, directors, audit)
- Further disclosures (e.g. related party)
Printing consolidated final accounts
Q&A, Further information, Wolters Kluwer Support Portal

Pre-requisites

Attendees should adhere to the Training session Guidelines.

All users should have a good understanding of CCH Central.

All users should have a good understanding of CCH Accounts Production.

Who is this course designed for?

Existing CCH Accounts Production users who are involved with the production of FRS 102 or IFRS group accounts statutory accounts.

Useful Resources

eLearning courses - online courses that provide you with an overview and insight into our software
Bitesize videos - Compliance and Non-Compliance - showing you how to use features (and also some specific focused areas) of our software
Webinars - sessions for you to attend and learn from