IFRS: Business Combinations
- Credits: 3
- Ending: Examination
- Range: 0P + 2C
- Semester: winter
- Year: 2
- Faculty of Economic Informatics
Teachers
Included in study programs
Teaching results
Learning outcomes
The aim of the course IFRS: Business Combinations is to teach students several practical skills in the use of general ledger information, consolidation practices and other business combinations - mergers, amalgamations, divisions and the preparation of financial statements according to international IFRS standards.
Knowledge
Students will gain knowledge about the structure and content of financial statements prepared in accordance with international IFRS standards in practice, about practical consolidation procedures and procedures for mergers, amalgamations and divisions according to IFRS standards and according to Slovak legislation.
Competences
Acquired knowledge and skills can be used by students in practice in various forms of reporting, in the preparation of consolidated financial statements, in cases of mergers, mergers and divisions of entities and in working with the general ledger, whether in accounting or auditing activities.
Skills
Students will learn to read the general ledger, identify transactions, balances and turnovers essential for consolidation operations, for merger, amalgamation and division processes, including the calculation of goodwill and bargain purchase, but also for the preparation of financial statements in a structure according to international IFRS standards. Students will learn the procedures of compiling four financial statements according to IFRS, they will learn the basic concepts usually used in financial statements according to IFRS in English, they will gain practical skills in working with accounting data and financial statements in the (most used in practice) MS Excel platform - all case studies are solved in Excel.
Indicative content
Introduction. Preparation of separate and aggregated financial statements (statement of financial position, profit and loss statement, cash flow statement and statement of changes in equity) based on general ledger data, first and second consolidation of capital, including contribution to capital funds, preparation of consolidated financial statements in the form of tables in Excel.
Compilation of separate and aggregated financial statements based on general ledger data, first and second consolidation of capital, including non-controlling interests, consolidation of a group loan, compilation of consolidated financial statements in the form of tables in Excel.
Consolidation of mutual supplies, receivables and payables, preparation of consolidated financial statements.
Consolidation of mutual supplies, receivables and payables, provisions for receivables, preparation of consolidated financial statements.
Consolidation of profit or loss contained in asset items from mutual supplies of goods, preparation of consolidated financial statements.
Consolidation of profit or loss contained in asset items from mutual supplies of goods - within depreciated tangible fixed assets, preparation of consolidated financial statements.
Deconsolidation, execution of consolidation procedures in case of loss of control of the parent company over the subsidiary, preparation of consolidated financial statements.
Consolidation of shares in a company with significant influence using the equity method, preparation of consolidated financial statements.
Merger. Compilation of financial statements after the merger on the basis of the accounting data of the defunct and successor entity.
Amalgamation. Compilation of financial statements after the merger on the basis of accounting data of defunct accounting units.
Division. Preparation of financial statements after division on the basis of accounting data of the defunct entity.
Support literature
Hvoždarová, J. – Sapara, J. – Užík, J. 2014. Konsolidovaná účtovná závierka: zostavenie a analýza. Bratislava: Vydavateľstvo Ekonóm, 2014. ISBN 978-80-225-3509-0.
Krimpmann, A. 2015. Principles of Group Accounting under IFRS. 1. vydanie Chichester : John Wiley & Sons Ltd. ISBN 978-1-118-75141-1.
Tumpach, M. 2006. Medzinárodné štandardy na zostavenie účtovnej závierky IFRS/IAS. Bratislava : Iura Edition. ISBN 80-8078-072-2.
Tumpach, M. 2018. Medzinárodné štandardy účtovného výkazníctva. 1. vydanie. Bratislava : Vydavateľstvo EKONÓM. ISBN 978-80-225-4591-4.
Užík, J. – Užíková, L. 2022. Konsolidovaná účtovná závierka v exceli – zbierka príkladov. (in preparation for release)
Act no. 431/2002 Coll. on accounting as amended
Measures of the Ministry of Finance of the Slovak Republic in the field of accounting
Directive 2013/34 / EU of the European Parliament and of the Council
International Financial Reporting Standards (IFRS) as adopted by the EU
Syllabus
1. Introduction. Preparation of separate and aggregated financial statements (statement of financial position, profit and loss statement, cash flow statement and statement of changes in equity) based on general ledger data, first and second consolidation of capital, including contribution to capital funds, preparation of consolidated financial statements in the form of tables in Excel. 2. Preparation of separate and aggregated financial statements (statement of financial position, profit and loss statement, cash flow statement and statement of changes in equity) based on general ledger data, first and second consolidation of capital, including contribution to capital funds, preparation of consolidated financial statements in the form of tables in Excel. 3. Compilation of separate and aggregated financial statements based on general ledger data, first and second consolidation of capital, including non-controlling interests, consolidation of a group loan, compilation of consolidated financial statements in the form of tables in Excel. 4. Compilation of separate and aggregated financial statements based on general ledger data, first and second consolidation of capital, including non-controlling interests, consolidation of a group loan, compilation of consolidated financial statements in the form of tables in Excel. 5. Consolidation of mutual supplies, receivables and payables, preparation of consolidated financial statements. 6. Consolidation of mutual supplies, receivables and payables, provisions for receivables, preparation of consolidated financial statements. 7. Consolidation of profit or loss contained in asset items from mutual supplies of goods, preparation of consolidated financial statements. 8. Consolidation of profit or loss contained in asset items from mutual supplies of goods - within depreciated tangible fixed assets, preparation of consolidated financial statements. 9. Deconsolidation, execution of consolidation procedures in case of loss of control of the parent company over the subsidiary, preparation of consolidated financial statements. 10. Consolidation of shares in a company with significant influence using the equity method, preparation of consolidated financial statements. 11. Merger. Compilation of financial statements after the merger on the basis of the accounting data of the defunct and successor entity. 12. Amalgamation. Compilation of financial statements after the merger on the basis of accounting data of defunct accounting units. 13. Division. Preparation of financial statements after division on the basis of accounting data of the defunct entity.
Requirements to complete the course
26 hours of seminars
26 hours of preparation for the seminars
26 hours of preparation for the exam
Total study load (in hours): 78
Student workload
26 hours of seminars
26 hours of preparation for the seminars
26 hours of preparation for the exam
Total study load (in hours): 78
Language whose command is required to complete the course
slovak
Date of approval: 10.02.2023
Date of the latest change: 14.12.2021