This course is designed to train participants in the preparation, analysis and use of consolidated financial statements for multinational groups, and to provide them with an understanding of strategic issues related to the choice of accounting standards. The course begins with definitions of holding, parent, subsidiary, associated companies and joint ventures, and introduces the nature and purpose of group accounts. It deals with the various methods of consolidation and the preparation of consolidated financial statements. The course then investigates the treatment of key issues under US Generally Accepted Accounting Principles and International Accounting Standards and highlights differences. The newly acquired knowledge and skills on group-wide and international accounting are applied to the analysis and financial management of multinational groups.