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In this YouTube tutorial, Silvia from IFRS box provides a clear demonstration of basic consolidation procedures for accounting students. Consolidation is a crucial concept in exams and job performance, setting professionals apart from others. The tutorial introduces the case study of Mommy Corporation owning 80% shares of Baby Limited since its incorporation, offering a solid starting point for understanding more complex consolidation issues. Visit IFRS box.com for in-depth learning and examples.