Study Guide

Objective

The student has:
-understanding of the basic principles of consolidated accounting.
-knowledge of relevant accounting standards.
-ability to prepare simpler consolidated financial statements.
-skills in analyzing the consolidated financial reports.

Content

-basic concepts
-acquisition analysis and goodwill calculations
-translation of foreign subsidiaries
-calculation of internal profits and consolidation eliminations

Qualifications

Accounting and Taxation

Assessment criteria, satisfactory (1)

Student:
-demonstrates a basic understanding of consolidated financial statements,
-has some knowledge of accounting standards (e.g., IFRS),
-can prepare a consolidated financial statement with some guidance,
-can identify basic items in the consolidated financial reports but may not be able to draw deeper conclusions from them.

Assessment criteria, good (3)

Student:
-has a solid understanding of consolidated financial statements and can accurately explain and apply central principles,
-has good knowledge of relevant accounting standards (e.g., IFRS) and can explain and apply them correctly in consolidated financial reporting,
-can independently prepare a correct and complete consolidated financial statement, with proper handling of eliminations, minority interests, and intercompany profits,
-can analyze the consolidated financial reports and identify how specific items affect the group’s results and financial position.

Assessment criteria, excellent (5)

Student:
-demonstrates a deep understanding and can apply the principles of consolidated financial reporting, including more advanced topics such as acquisitions and goodwill management,
-has extensive knowledge of accounting standards (e.g., IFRS) and can critically analyze their application, as well as assess the advantages and disadvantages of different accounting choices,
-can prepare a consolidated financial statement and handle more complex eliminations and adjustments,
-can analyze the consolidated financial reports, identify value-driving factors and risks, and provide strategic recommendations based on the analysis.