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Course detail
FP-FkuzPDAcad. year: 2021/2022
The course is focused on the issue of producing the consolidated financial statements. Students will gain knowledge on consolidating a group of enterprises, methods of consolidation of financial statements and the skills necessary for the preparation of consolidated financial statements.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Students will gain knowledge on the groups of enterprises which are compiling the single sete consolidated financial statements, theoretical knowledge of the methods of consolidation and the basic practical skills needed for preparation of the consolidated financial statements.
Prerequisites
The following are the prerequisites for the Consolidation of the financial statements:- knowledge and skills related to financial accounting - ability to prepare the individual financial statements- knowledge of the information value of each part of the individual financial statements.
Co-requisites
Planned learning activities and teaching methods
Lectures are focusend on an explanation of basic principles, methodology of the discipline problems and model solution. Classes contribute to achieve the command of the 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
The course is completed with a written examination. The exam grading follows the ECTS scale. The final marking consists from two parts: A (consolidation in accordance with the Czech legislation, the marking has a weight of 50 % of total points allocated for the final marking) and B (consolidation in accordance with the IFRS, the marking has a weight of 50 % of total points allocated for final marking). For passing the exam, a student has to achieve at least 50 % of the total points allocated for the part A and at least 50 % of the total points allocated ints for the part BFor the part A (consolidation in accordance with the Czech legislation), the answers are assessed as 0 to 30 points. In the overall assessment a written credit paper is included. Students can receive up to 20 points for this paper. For the part B (consolidation in accordance with the IFRS), the evaluation consists from the marking of two pratical cases covering compilation of the consolidated financial statements (each one for up to 17.5 points, based on the accuracy of the solutions), test with 15 multichoice questions (each correct answer marked with 0.5 point) and 5 set of questions (for each set, based on the accuracy of the answer, up to 1.5 point).
Course curriculum
Work placements
Aims
The course objective is to enable the students- to understand the logic of processing accounting outputs of a group consisting of controlling company and controlled companies- to understand the consolidated financial statements- to know and be able to work with the methods of preparing consolidated financial statements
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Recommended reading
Classification of course in study plans
branch MGR-UFRP-D , 1. year of study, summer semester, compulsory
Lecture
Teacher / Lecturer
Syllabus
Exercise