Group AccountsWhy groups consolidate, and what goodwill is.Accounting & FinanceThe consolidation rules.The mechanicsControl means consolidate, line by lineEliminate intra-group sales and balancesRecognise non-controlling interestsGoodwill = price paid less net assets acquiredThe judgementsControl is not always 50% plus one shareFair value of acquired assets at the dateGoodwill tested for impairment yearlyAssociates use the equity method insteadGoodwill is not amortised under IFRS. It is tested annually forimpairment, which makes it a judgement, not a schedule.Group Accountslearnposters.com
Group Accounts — printable business wall chart from LearnPosters. Free vector PDF, US Letter and A4.

What’s on the Group Accounts poster

8 entries in 2 groups.

The consolidation rules.

Goodwill is not amortised under IFRS. It is tested annually for impairment, which makes it a judgement, not a schedule.

Questions about the Group Accounts poster

What’s on the Group Accounts poster?
8 entries in 2 groups. The consolidation rules. The mechanics: Control means consolidate, line by line, Eliminate intra-group sales a…; The judgements: Control is not always 50% plus one share, Fair value of acquired asse…. Goodwill is not amortised under IFRS. It is tested annually for impairment, which makes it a judgement, not a schedule.
Who is the Group Accounts poster for?
Group Accounts belongs to the Accounting & Finance section rather than to a school year, because business is not something one grade owns. Anyone learning financial accounting can pin it up — a beginner, a student mid-course, or someone revising years later.
When should you use the Group Accounts poster?
A group presents itself as one entity. Intra-group transactions are eliminated. A wall chart earns its place by being glanceable from where the work is happening, so Group Accounts belongs on the wall where that business work actually happens, within glancing distance, rather than filed away.
What other posters go with Group Accounts?
IFRS & GAAP, Accruals & Matching and Reading a Balance Sheet sit alongside Group Accounts in the Accounting & Finance section. Printed together they make a wall rather than a single sheet, which is how a reference set actually gets used.IFRS & GAAPAccruals & MatchingReading a Balance Sheet
Is the Group Accounts poster free to download and print?
Yes. Group Accounts downloads as a free PDF with no account, no email and no watermark, like everything else in the Accounting & Finance section. Print as many copies as you like for a home, a classroom, a library or a tutoring group; reselling the file is the only thing the licence rules out.Read the licence
What size does the Group Accounts poster print at?
Group Accounts is a vector PDF laid out for US Letter, and prints on A4 with Fit to page — the same file, no separate download. Because every mark on it is drawn rather than photographed, it stays sharp enlarged to A3, A2 or A1 at a copy shop. Colour carries emphasis only, so a greyscale print of Group Accounts loses nothing.Printing guide

Related posters

Charts that sit alongside Group Accounts on the same wall.

Browse every Accounting & Finance poster, or start from the full catalogue.