Course detail

Consolidated Financial Statements

FP-FkuzPDAcad. year: 2016/2017

The course is concerned with problems related to preparing consolidated accounts. The students will learn about the group of undertakings, methods of consolidating accounts and gain skills necessary to prepare consolidated group accounts.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

doc. Ing. Anna Fedorová, CSc.

Department

Institute of Finances (ÚF)

Learning outcomes of the course unit

The capacity to prepare consolidated accounts for several accounting periods using different consolidation methods.

Prerequisites

The following are the prerequisites for the account statement consolidation course:
- financial accounting knowledge and skills
- capacity to prepare the financial statements of an individual undertaking
- knowledge of the information value of each part of the accounts of an individual undertaking.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Lectures consist of an explanation of basic principles, methodology of the discipline problems
and model solution. Exercise support of practical mastery of subject matter presented in lectures or assigned for individual study.
Attendance at lectures is recommended. Attendance at seminars is required.

Assesment methods and criteria linked to learning outcomes

To complete the course a written test has to be passed. The answers are graded by 0 to 60 points. In the exam result, also a written project is included. Students can receive up to 40 points for this project.
The exam grading is identical with the ECTS scale.

Course curriculum

Definition of consolidated accounts, legal regulations
Group of undertakings for which consolidated accounts are to be prepared
Basic characteristics of consolidation methods
Consolidation difference
Method of equivalence
Method of full consolidation
Method of proportionate part

Work placements

Not applicable.

Aims

The course aims for the students to:
- understand consolidated accounts
- know how to a use method of equivalence
- know how to prepare consolidated accounts by using a method of proportionate part and method of full consolidation.

Specification of controlled education, way of implementation and compensation for absences

Attendance of workshops is checked on. Workshop exercises include preparing a consolidated balance sheet and a consolidated profit and loss account. The projects submitted are graded on a scale of 0 to 40 points. To get the credits for workshops a student has to receive at least 20 points.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

ČÚS pro podnikatele č.003 Odložená daň, č.011 Operace s podnikem, č.020 Konsolidace (CS)
vyhláška č.500/2002Sb., kterou se provádějí některá ustanovení zákona o účetnictví (CS)
zákon č.593/1991Sb., o účetnictví (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-UFRP , 1 year of study, summer semester, compulsory

Type of course unit

 

Lecture

13 hod., optionally

Teacher / Lecturer

doc. Ing. Anna Fedorová, CSc.

Syllabus

Definition of consolidated accounts, legal regulations
Group of undertakings for which consolidated accounts are to be prepared
Basic characteristics of consolidation methods
Consolidation difference
Method of equivalence
Method of full consolidation
Method of proportionate part

Exercise

26 hod., compulsory

Teacher / Lecturer

doc. Ing. Jaroslava Rajchlová, Ph.D.

Syllabus

Reports of consolidated accounts
Incorporating individual undertakings in a consolidation group
Theoretical problems of consolidation methods
Consolidated accounts prepared by different consolidation methods