Prerequisits
Having passed Accounting and Financial Analysis I, II and III, or having acquired the knowledge taught in it.
It is useful to have passed or complete the training with Corporate Finance
Haber superado materia de Contabilidad y análisis financiero I,II y III, o haber adquirido los conocimientos que se imparten en ella.
Es conveniente haber cursado o completar la formación con Finanzas Corporativas
Objectius d'aprenentatge de l'assignatura
Most of the large (and not so large) companies use to structure and organise its activity through different companies, attending its activity (different products, geographic markets, distribution channels, activities, etc.) as well as strategic aspects (business partners, risk limitation strategy, tax regulation or advantages, etc.)
To learn about the global reality of the company from a financial standpoint it is necessary to draw up a consolidated financial statements comprehnsive of the whole assets and liabilities of the group, as well as their revenues and expenses and other business information but eliminating all the effects comming from the internal relations and showing only the assets, liabilities, revenues and expenses in relation to third parties.
How to integrate information from different business units will depend on the type of link, but in any case, it is necessary that the information is prepared according to consistent and systematic criteria.
Techniques for consolidating this information should take into account the reality of the internationalization of business activity, not only by the diversity of information obtained from the various subsidiaries, but by the applicable regulations in each market with regard to the preparation of their financial statements.
Finally, we need to know the techniques to prepare the consolidated information to present to the market through the Consolidated Financial Statements and, at the same time, be able to read and understant correctly the information provided by other entities.
Bibliografia
Basic bibliography:
¿ Normas para formulación de las Cuentas Anuales Consolidadas: Real Decreto 1159/2010, de 17 de setiembre
¿ Norma Internacional de Contabilidad (NIC)- International Accounting Standard (IAS) 27.
¿ Norma Internacional de Información Financiera (NIIF) -International Financial Reporting Standard (IFRS) 3
¿ Plan General de Contabilidad: REAL DECRETO 1514/2007, de 16 de noviembre
¿ Real Decreto Legislativo 1/2010, de 2 de julio, de Sociedades de Capital.
¿ Ley del Impuesto sobre Sociedades: Real Decreto Legislativo 4/2004, de 5 de marzo
