117-0338/03 – Consolidated Final Accounts (KUZ)

Gurantor departmentDepartment of Accounting and TaxesCredits4
Subject guarantorIng. Jana Hakalová, Ph.D.Subject version guarantorIng. Jana Hakalová, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory
Study languageCzech
Year of introduction2013/2014Year of cancellation2015/2016
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
HAK30 Ing. Jana Hakalová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit 2+1

Subject aims expressed by acquired skills and competences

1. To characterize the importace of consolidated financial statements, footnotes and annual report. 2. To describe the objectives, methods of consolidation, users and technical terminology. 3. To explain the process of consolidation and its individual phases. 4. To solve the study cases and tests. 5. To evaluace the conclusions of consolidation.

Teaching methods



This subject deals with problems of Consolidation final accounts.

Compulsory literature:

BIERMAN, Harold. An introduction to accounting and managerial finance: a merger of equals. Singapore: Wordl Scientific Publishing Co. Pte. Ltd., 2010. 393 p. ISBN 978-981-427-382-4. BIERMAN, Harold. Accountin/finance lessons of Enron. A case study. Singapore: Wordl Scientific Publishing Co. Pte. Ltd., 2008. 204 p. ISBN 978-981-279-030-9. ACCOUNTING LEGISLATION IN 2012. Accounting Act, Decree on Double-Entry Accounting, Czech Accounting Standards, Act on Auditors. Prague: Trade Links, 2012. 459 p.

Recommended literature:

International Accounting Standards Board – 2012 International Financial Reporting Standards IFRS - Consolidated without early application. London: IFRS Foundation, 2011. ISBN 978-1-907877-36-0.

Way of continuous check of knowledge in the course of semester


Other requirements

Other conditions are not determined.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

The content of lectures will familiarize students: a) theoretical issues, including definition of terms: - financial statements and annual report, - consolidated financial statements and annual report, - the importance and users of the consolidated financial statements, - Group consolidation, - Notification of consolidation and consolidation rules, - Consolidated entity and the consolidated entity, - Methods of preparing the consolidated financial statements (full consolidation, proportional method, Consolidation and equity method of consolidation (in return), - Problems to consolidated financial statements and auditor's annual report, - Adoption of International Accounting Standards in the consolidation and further terms. b) case studies: - Case study of the issue, - and other theoretical and practical aspects of this issue.

Conditions for subject completion

Full-time form (validity from: 2013/2014 Winter semester, validity until: 2015/2016 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation Credit 85 (85) 85
        Písemka Written test 85  85
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2014/2015 (N6208) Economics and Management (6202T049) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory study plan
2013/2014 (N6208) Economics and Management (6202T049) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory study plan
2013/2014 (N6208) Economics and Management (6202T049) Accounting and Taxes (00) Účetnictví a daně P Czech Ostrava 2 Choice-compulsory study plan

Occurrence in special blocks

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