BrizoConsol Academy: Our IFRS Consolidation Series Is Now Live
Understanding the accounting standards behind group consolidation is not always straightforward. The IFRS pronouncements that govern which entities you consolidate, what you disclose, and how you account for subsidiaries held for sale can be dense reading — and the gap between the standard itself and practical application is often wider than it should be.
That is why we have added a dedicated IFRS series to BrizoConsol Academy — our growing library of short, focused videos that explain consolidation concepts and accounting standards in plain language. Whether you are a group finance director, a management accountant learning the ropes of consolidation, or an accounting firm adviser wanting a quick refresher, these Academy videos are designed to give you the essentials quickly.
Here is what is live now on the BrizoConsol YouTube channel — and what is coming this month.
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Now Live: IFRS 10 — What Is Control and Why Do You Consolidate?
IFRS 10 is the foundational standard for group consolidation. It defines when a parent entity is required to consolidate a subsidiary — and the answer hinges on a single concept: control. Understanding what control means under IFRS 10 is the starting point for every group finance function.
This video walks through the definition of control under IFRS 10, the three elements you need to assess (power, exposure to variable returns, and the ability to use power to affect those returns), and why getting this right determines the scope of your consolidated financial statements. It also covers the practical situations where control is less obvious — special purpose vehicles, de facto control, and structured entities.
IFRS 10 is directly relevant to how BrizoConsol determines your group structure. Once control is established, the intercompany eliminations that sit at the heart of consolidation can begin.
Now Live: IFRS 12 — Disclosure of Interests in Other Entities
Consolidation is not just about combining numbers — it is also about telling stakeholders what the group’s interests in other entities look like, and what risks those interests carry. IFRS 12 sets out the disclosure requirements that apply to subsidiaries, associates, joint arrangements, and unconsolidated structured entities.
This video explains what IFRS 12 requires, why the standard exists (spoiler: it came directly out of the financial crisis, when users of accounts realised they had little visibility of off-balance-sheet risks), and what your group accounts must include to comply. It is essential viewing for any finance team preparing a full set of consolidated IFRS financial statements.
Coming This Month
Two more videos in the series are scheduled for release this month. Here is a preview of what to expect.
Coming This Month
IFRS 19 Explained: Reduced Disclosures for Subsidiaries
IFRS 19 offers qualifying subsidiaries a significant reduction in disclosure requirements. This video explains who qualifies, what the reduced disclosures look like in practice, and how subsidiaries can elect to apply the standard.
Coming This Month
IFRS 5 Explained: Held for Sale Assets & Discontinued Operations
When a group entity or asset is earmarked for disposal, IFRS 5 changes how it is presented in the accounts. In three minutes, this video covers classification criteria, measurement rules, and presentation requirements — including how discontinued operations appear on the face of the P&L.
Keep an Eye on BrizoConsol Academy
The IFRS series is just the latest addition to BrizoConsol Academy. We will be publishing regular videos covering consolidation standards, practical worked examples, and step-by-step how-to guides — from setting up your group structure to automating month-end eliminations.
Subscribe to the BrizoConsol YouTube channel to get every new Academy video delivered directly to your feed as soon as it goes live.
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BrizoConsol automates the consolidation work that IFRS 10 requires — combining your entities, eliminating intercompany transactions, and producing compliant group accounts from your existing accounting software.Start Free Trial Watch the Series