This master thesis is focused on accounting operations in a group according to Czech and international accounting legislation and on how to report individual elements in consolidated financial statements. It also includes explanation of terms in the field of consolidated financial statements such as consolidation methods, parent entity, subsidiary, and intercorporate transactions in a group according to Czech and international legislation. These theoretical concepts are applied on an existing group which is a group consisting of a parent entity and three subsidiaries and its consolidated financial statements in an accounting period from 1st January 2016 to 31st December 2016. Operations among the parent entity and the subsidiaries and their effect on consolidated financial statements are also described. Therefor this thesis includes a draft of consolidation rules and examples of other transactions which may occur among a group and their effect on consolidated financial statements but did not occur in an examined group. Results of this thesis summarize reasons and methods of consolidation in an examined group, transactions which may have an impact on consolidated financial statements and how these transactions originate. Examined parent entity does not create any consolidation rules, it neither has any methodology of identifying operations with an impact on consolidated financial statements. The parent entity does not inform users of the consolidated financial statements about identifying operations among the group, the reasons of their existence and the reasons of their elimination in consolidated financial statements. However, the parent entity prepares and presents the consolidated financial statements according to valid legislation. Based on gained information, the parent entity prepares the consolidated financial statements only for the legislative purposes, it has no use for the parent entity itself, neither for the subsidiaries.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:376081 |
| Date | January 2018 |
| Creators | ŠVARCOVÁ, Michaela |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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