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Preparation of Consolidated Financial Statement of the Group with Cyclic Interests among Separate Entities
[Sestavení konsolidované účetní závěrky při existenci cyklického ekonomického propojení účetních jednotek]

Author

Listed:
  • Marie Zelenková

Abstract

The paper deals with preparation of consolidated financial statements by the group with cyclic interests among three separate entities that constitute this group. The paper is focused on potential difficulties in reporting of consolidated equity and interests (shares) that were issued within the group and are in full or partly held by the group. The paper responses to the next fundamental questions: What is the amount of consolidated equity and what is the correct way to display these intra-group interests (shares) issued and hold by one of the separate entities included in the group. Effects of proposed solution are demonstrated in illustrative example.

Suggested Citation

  • Marie Zelenková, 2015. "Preparation of Consolidated Financial Statement of the Group with Cyclic Interests among Separate Entities [Sestavení konsolidované účetní závěrky při existenci cyklického ekonomického propojení úč," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2015(3), pages 24-42.
    • Handle: RePEc:prg:jnlcfu:v:2015:y:2015:i:3:id:448:p:24-42
    DOI: 10.18267/j.cfuc.448
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    Keywords

    Subsidiary; Consolidated financial statements; Parent entity; Full consolidation method; Group; Intra-group transactions; Dceřiná jednotka; Konsolidovaná účetní závěrka; Mateřská jednotka; Plná metoda konsolidace; Skupina; Vnitroskupinové transakce;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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