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Consolidated financial statements
Špínová, Kateřina ; Seidl, Ladislav (advisor) ; Zdena, Zdena (referee)
This Bachelor Thesis deals with the topic of consolidated financial statement. In the introduction to the theoretical part I explain the terminology concerning accounting in general. It covers what accounting actually is, which laws and standards regulate it, who is obliged to keep the accounts, and it explains terms like financial statement and its components, inventory taking, and other topics.
The second section of the theoretical part presents the notion of the consolidated financial statement, and also introduces the concept of the consolidated accounting entity. I describe the rules for compiling consolidated financial statements according to the Czech legal norms as well as International Financial Reporting Standards. Some of the International Financial Reporting Standards which relate to the consolidated financial statements are described in more detail and compared in some respects with Czech legal norms. Subsequently, I characterize the methods of consolidation, consolidation rules,
and the content definition of consolidated financial statement items.
The practical part performs the calculation of consolidated financial statements on a model example, using the full method of consolidation.
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