When your company operates in over 100 countries worldwide, consolidating your corporate accounts is no mean feat. And even though International Accounting Standards set out a consistent set of rules, as every management accountant knows, there is still room for confusion and differences in the way certain lines are handled and posted to the component parts of the consolidated income statement.
When we designed this Advanced Accounting Practices course we were conscious of the direct nature of the task – Make sure everyone posts the same items to the same place. Having explained the IFRS rules, there was only one way to test it!!
Probably the most complex ‘drag and drop’ exercise we’ve designed – but it worked just fine and did the job. All learners had to get it right or check their understanding again!
** NOTE: These are not actual screens from the course – but are representative of how the exercise worked.
Tools used:
Articulate Storyline