What is Group Accounting? | Overview of group accounting under IFRS

This video discusses an overview of Group Accounting, why we need it and what standards you need to master to be able to be a Group Accountant. Timestamps: 00:00 Introduction 00:34 A quick list of the standards 00:51 Why do we need Group Accounting? 01:48 What does Group Accounting address? 02:05 What makes Group Accounting special? 02:14 STEP 1 - Examine the structure Chart 02:50 STEP 2 - Classify Investments 03:25 The Subsidiary 04:15 The Associate 05:00 Joint Arrangements 05:45 Other financial instruments 06:05 STEP 3 - What standards apply for all these? 08:17 Other useful standards 09:03 What's next for you? ----------------------------------------------------------------------------------------------------------- Every week we will release Accounting Lectures starting off with the ACCOUNTING Process and then gradually advancing to more advanced Financial Reporting topics. DO YOU... ► have ZERO experience but you want to pursue Accounting Jobs; ► want to be a HERO on your Accountancy Journey; ► want to level up your career as an Accountant; ► want to supplement your learning of the Accounting Concepts for your ACCA, CPA, and other accounting exams; ► need Technical Discussions and Exercises ► have curiosity about Other Practical Applications of the accounting standards discussed by an experienced professional We hear you and got your accounting problems covered! If you have any questions or want to request a lesson... just leave a comment and We will answer them as best as possible! Thanks so much! AccountingZeroToHero