This diploma thesis deals with the preparation of consolidated financial statements in accordance with the US GAAP. It briefly describes the development of the US GAAP and organizations working with the FASB. Afterward, it mentions the US GAAP and the IFRS key standards concerned with the consolidated financial statements. For appropriate recognition of the investment, it is necessary to determine conditions under which the entity controls another entity. This thesis focuses on full consolidation method and equity method. For better understanding of the area, practical examples are included. This thesis aims to define the general principles and rules applicable to the preparation of consolidated financial statements in accordance with the US GAAP and also to compare specific areas to the IFRS.

In this diploma thesis, I conduct a research into approaches to consolidating data base and source code base of the Techno.cz webserver, which is the subject of the consolidation. By consolidation I mean bringing the server into the state where documentation is produced according to given requirements, data base is changed in order to improve data structure and consistency and source code base is reorganised in order to unify source code upon one platform, improve file system organization and remove problematic characteristics of the source code in general. The goals of this thesis are to create and describe general process of consolidation, sequence and contents of its steps; to describe contents of consolidation in given areas: documentation, data base and source code base; to describe actual steps made to achieve the final state of the server. My approach to accomplishing these goals is the study of relevant literature and usage of my practical experience in the field of web development. My contribution to the topic is the creation of the general consolidation process that has a potential to be reused by similar projects. Another contribution may be the description of handling the risks and problems that emerged during the consolidation process. This topic may find itself as a valuable source of knowledge for fellow developers facing similar issues. The thesis is divided into eight chapters. After the introduction chapter 2 follows. Chapter 2 describes parameters of the Techno.cz webserver. Chapter 3 discusses software engineering methodologies in order to create suitable consolidation process. Chapter 4, 5, 6 discuss particular fields of consolidation: documentation, data base and source code. In chapter 7 I am trying to assess suitability of created processes and approaches for usage in future development. In the conclusion I summarize the thesis according to required structure.

The thesis reflects current issue of banking M&A in Europe and its consequences in the regulatory and supervisory area. The thesis sets a general topic of M&A into context of the banking industry. It drops the typology of consolidation entities, methods and reasons for consolidation. It examines the regulatory framework with accent on contemporary trends, namely the financial crisis and its impact into the regulatory and supervisory framework.

This thesis consists of an analysis of intra-group relations that can occur during the transformation of companies and when the financial statements are consolidated. It also mentions the reasons why it is necessary to eliminate them. It shows the current view of International Financial Accounting Standards on this subject and its historical development. It takes into account the Czech business legislation, especially the accounting legislation in order to underline the importance of the elimination method over the duplicate items in their correct accounting value. The thesis goes through every individual variant with the aim to evaluate which would best fit the generally accepted principles of accounting and would show a fair view of intra-group transactions. It considers also the tax impact of assorted variants of elimination of intra-group relations.

In the present day planning and budgeting is a vital and an irreplaceable instrument for managers. Through planning and budgeting they control management and development of a company. Planning and budgeting no longer is a competitive advantage, but has become a necessary condition for an efficiently run company. Increasing complexity of the environment impacts the requirements for planning and budgeting -- the need to be more complex, the need to include more relations and more specifications. Company's reaction to these demands is usually an implementation of special tools that allow the company to accomplish these requirements. Although, implementation of these instruments along with planning and budgeting generally troubles many companies, some are already looking for new ways to further develop planning; better said budgeting. Today companies are believed to receive a competitive advantage from compiling consolidated budgets for a business unit that is to say from the possibility to budget a business unit as a whole. The main purpose of this research paper is to develop a methodology for budgeting a business unit and its technology support. This methodology due to its newness of this issue has not yet been defined. Reaching the set goal depends on completion of predefined sub goals. The main content of sub goals, as defined in literature and based on my own experience with planning and budget analysis, is to describe this issue and thus enable the reader to understand and be able to implement this methodology on the job. The text of this research paper is divided into five chapters. In the first chapter the reader is introduced to the issue of planning, and learns about the goals, results and conceptual solutions of this paper. The second chapter is dedicated to the issue of planning and budgeting -- it explains its importance, analyzes its functions and aspects that are influenced by it. The third chapter ties back to the general definitions of budgeting from the second chapter and provides further details. This chapter identifies and describes techniques of compiling budgets, the techniques' strengths and weaknesses. The chapter describes the most common shortfalls of budgeting and its solutions; also, outlines the best budgeting practices. The fourth chapter stems from chapter two and three -- following the issue in which the reader is introduced to the characteristics of budgeting for a business unit, and moreover defines the methodology presumption and the methodology itself. The end of the chapter evaluates the results of the execution of the presumed methodology and its usability on the job. The fifth chapter summarizes the conclusions and the level of success on execution of this paper. Keywords: Planning, Budgeting, Budgeting Techniques, Consolidation, Business Unit, Corporate Performance Management (CPM), Best Practices.

The main objective of this thesis is to elaborate an economic analysis of the company LUKROM, spol. s.r.o. for period 2008 -- 2012. Theoretical and methodological part of the thesis defines and explains terminology and instruments of economic analysis which are used in the analysis of the company. At first the reader will learn the basic information about the company and its activities. Then we'll focus on the market development, supplier-customer relations and sales structure of the company. Continue with analysis of the financial statements, assessment of compliance of the balance sheet rules, analysis of financial ratios, decomposition of ROE and EVA calculation. The company will pass through bankruptcy and creditworthy models evaluation and outputs of this evaluation will be compared with credit rating of one of the financing banks. Based on knowledge of interim financial results will outline development of the company for 2013. The analysis also includes an assessment of the economic development of the whole group LUKROM. The entire group is compared with a similarly focused business entity. The thesis is concluded with a SWOT analysis and summary of the obtained results.

This diploma thesis deals with the preparation of consolidated financial statements in accordance with UK GAAP rules after the reform, with effect from 1 January 2015. The subject of investigation is primarily a process of preparation of consolidated financial statements in the UK, especially the full consolidation method and the equity method. The fundamental standard upon which this work is based is FRS 102. The work should also, on the practical examples, compare the process of preparation of consolidated financial statements in accordance with UK GAAP and IFRS, since one of the main objectives of the reform of 2015 ws the progress in the implementation process to IFRS. To assess whether this objective is successfully implemented, the work also includes comparisons with previous UK GAAP standards, particularly FRS 2 and FRS 6. The results show that although the reform of the UK Accounting standards should be based ont he principles of IFRS, final form does not correspond to this aim. In the process of preparation of consolidated financial statements, there had been almost no progress and there are still many different approaches.

This thesis is devoted to market with Corporate performance management (CPM) tools. Due to the fact that the area of CPM tools is extensive, the thesis is focused mainly on financial consolidation. One of the goals of this thesis is to describe process of financial consolidation. There are used various consolidation tools today. Therefore, another goal of this thesis is to describe categories of tools and their basic characteristics.. The goals mentioned above are achieved by examining the available recourses and their subsequent connection to the desired whole which describes the consolidation process and categories of tools. The first part addresses the financial consolidation process, followed by commented research of sources, after which there is the part devoted to possible requirements for consolidation tools. The source of requirements is quoted literature and the own experience from the real project. The second part of this thesis is devoted to practical example in which the criteria for evaluation of consolidation tools are defined. There are evaluated two tools -- tool based on MS Excel and CPM tool Oracle Hyperion. The defined criteria are used to describe the difference between tools and to make overall evaluation. The output of this thesis is set of criteria under which are possible to evaluate tools. Another output of the thesis is performed analysis on selected tools. The main contribution of this thesis is created criteria and the process of creation of weights, followed by demonstration of the use of practical example. The criteria are based on the consolidation process and requirements described in theoretical part of the thesis.

In my final thesis, I focus on the various forms of Stock Exchange's cooperation and try to outline the impact of deregulation and globalization to Stock Exchange Markets organization. I mentioned the theoretical background, which were used as a basis for analyzing the topic of consolidation of stock exchanges. In the introduction I explain some basic terms, such as mergers, union or federation, and clarify the difference between cooperation and consolidation. Then I focused on the first transatlantic alliance and one of the most important entities in the Stock Exchange markets - NYSE Euronext. I evaluated the alliance of the three selected indicators, the market capitalization, trading volume and market velocity. The analyze carried out in my thesis shows that the regulatory authorities allowed in the past the establishment of Stock Exchanges alliances, which are currently the largest and most important players on the Stock Exchanges markets, and it is really difficult for regional markets to compete them. This problem is, in particular, outlined in the case of Deutsche Börse, which sought to be connected with the transatlantic alliance NYSE Euronext., but this merger was rejected by the European Commission, just for fear of disruption of market competition. As the evidence that the Stock Exchange markets are constantly busy and that all exchanges are trying to reach the best position and thus are seeking for the best possible partner for future cooperation, I introduced two recently published plans for connections, which was merger between Deutsche Börse and the Russian stock exchange MICEX and merger of Intercontinental Exchange and NYSE Euronext. At last but not least I focused on the analysis of the Asian continent from the perspective of realized and unrealized mergers where Stock Exchange markets are not oversaturated and still have a huge potential for further development.

In the first chapter of my thesis titled "The Spanish Financial System", I introduce a concept of a financial system in general and a historical development of the Spanish financial system including legislation from the beginning of the 20th century till today. The second part describes a current structure of the Spanish financial system and component entities operating within its framework structured from a point of supervising institutions. The last and crucial chapter is focused on reforms of the Spanish banking sector which have got no parallel in a modern history of the country. Restructuring and consolidation of the banking sector have been primarily carried out by mergers of traditional savings banks which became vulnerable during a period of an international liquidity crisis and an excessive exposure to the construction industry and real estate developments. I explain reasons for reforms, their starting points, progresses and difficulties during the restructuring processes. In conclusion I assess their results and impacts not only on credit institutions but the whole society as well.