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

Marie Zelenková

Český finanční a účetní časopis, 2015, vol. 2015, issue 3, 24-42

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.

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 (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.18267/j.cfuc.448

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