The subject has two main objectives. On one hand, work on and understand the concept of Group of Companies and the relations between companies that are developed internally. On the other, learn the accounting obligations generated by the existence of a Group of companies, and the different accounting methods required to comply with these obligations.



DESCRIPTORS:

Analysis of the group of companies and the concept and its definition. Consolidation methods Annual consolidated accounts. SDGs. Social and environmental information



CONTENT:

1º) Combinations of businesses: the group of companies.

2º) Consolidation methods: full consolidation and proportional consolidation.

3º) Procedures for participation.

4º) Consolidated annual accounts

5ª) Adaptation of the knowledge of business practices to the SDGs of the United Nations.

6º) Social and environmental information of the company.

Cross-cutting skills to be worked on in the subject:

1. The ability to make reasoned opinions, supported by the data obtained

2. The ability to think analytically and reflect critically

3. The ability to acquire the knowledge acquired to work in any field related to business administration and management.

TOPIC 1: CONSOLIDATED FINANCIAL INFORMATION: METHODS OF CONSOLIDATION AND THE EQUITY METHOD.

1. INTRODUCTION: COMBINATION AND RESTRUCTURING OF BUSINESSES.

2. OBJECT OF CONSOLIDATION AND APPLICABLE THEORIES

3. METHODS OF CONSOLIDATION AND THE EQUITY METHOD

4. PROCESS OF PREPARING CONSOLIDATED INFORMATION



TOPIC 2: ADJUSTMENTS AND ELIMINATION IN THE FULL CONSOLIDATION METHOD (1). ELIMINATION

NET ASSETS INVESTMENT.

1. INTRODUCTION

2. ELIMINATION OF NET ASSET INVESTMENT IN THE FIRST CONSOLIDATION

3. ELIMINATION OF NET ASSET INVESTMENT IN CONSOLIDATIONS AFTER THE FIRST

4. OTHER ELIMINATION OF NET ASSET INVESTMENT



TOPIC 3. ADJUSTMENTS AND ELIMINATION IN THE FULL CONSOLIDATION METHOD (2). INTERNAL OPERATIONS AND OTHERS.

1. GENERAL PRINCIPLES ON ELIMINATIONS FOR INTERNAL OPERATIONS AND OTHERS

2. ELIMINATION OF RECIPROCAL ITEMS

3. ELIMINATION OF RESULTS FROM OPERATIONS BETWEEN GROUP COMPANIES



TOPIC 4. ADJUSTMENTS AND ELIMINATION IN THE FULL CONSOLIDATION METHOD (3). ELIMINATION OF NET ASSET INVESTMENT THROUGH VARIATIONS IN PARTICIPATION IN THE SUBSIDIARY COMPANY. INDIRECT PARTICIPATIONS. RECIPROCAL PARTICIPATIONS.

1. INTRODUCTION

3. VARIATIONS IN PARTICIPATION IN THE SUBSIDIARY COMPANY

4. ELIMINATION OF NET ASSET INVESTMENT IN INDIRECT PARTICIPATIONS



TOPIC 5. CONSOLIDATED ANNUAL ACCOUNTS

1. INTRODUCTION

2. CONSOLIDATED BALANCE SHEET

3. CONSOLIDATED PROFIT & LOSS ACCOUNT

4. STATEMENT OF CHANGES IN CONSOLIDATED NET ASSETS

5. STATEMENT OF CONSOLIDATED CASH FLOWS

6. CONSOLIDATED REPORT.



TOPIC 6. COMPULSORY NON-FINANCIAL INFORMATION IN THE ANNUAL ACCOUNTS

7.1. The United Nations Sustainable Development Goals (SDGs)

7.2. Non-financial business information: social and environmental information

7.1. Statement of non-financial information in the consolidated annual accounts

7.3. Other non-compulsory statements: GRI

Lectures: Explanation and analysis of basic concepts and tools and techniques that the student should know to achieve the objectives proposed.

Classroom practical work: Presentation and solving of problems and assumptions to establish the concepts worked on in the lectures.

• Final Assessment System
• Tools and qualification percentages:
  • Written test to be taken (%): 100

Written exam, accounting for 70% of the final grade.

Mid-course exams, accounting for 20% plus group work, representing 10% of the final grade. The written exam must be passed -3.5/7- to proceed with the sum of the grade obtained in the practical work. Passing the mid-course exams does not mean non-attendance if not presenting oneself for the final written exam.



Final exam: 100% of the grade. The student will have the opportunity to take the exam without having followed continuous assessment, so he/she may opt for 100% of the grade in the final exam.

In the non-traditional call, the final test is worth 100% of the grade for the subject.

All students have the opportunity to opt out of the non-traditional call, for which it will be sufficient not to attend the final test.

Materials provided by the teacher through egela.

Basic bibliography

COM. Guidelines on Non-Financial Reporting: Supplement on Reporting Climate-Related Information; European Commission: Brussels, Belgium, 2019.



European Commision. Summary Report of the Public Consultation on the Review of the Non-Financial Reporting Directive; European Commission: Brussels, Belgium, 2020.



ESMA (16 June 2014). Review on the application of accounting requirements for business combinations in IFRS financial statements. URL: https://www.esma.europa.eu/document/review-application-accounting-requirements-business-combinations-in-ifrs-financial.



European Commision. Non-Financial Reporting. Available online: https://ec.europa.eu/info/business-economy-euro/ company-reporting-and-auditing/company-reporting/non-financial-reporting_en



McClanahan, T.R.; Rankin, P. Geography of conservation spending, biodiversity, and culture. Conserv. Biol. 2016, 30, 1089–1101



Staszkiewicz,P.;Werner,A. (2021). Reporting and Disclosure of Investments in Sustainable Development. Sustainability, 13, 908. https://doi.org/10.3390/ su13020908.



UNITED NATIONS (2015). The Sustainable Development Goals. Department of Economic and Social Affairs. https://sdgs.un.org.

In-depth bibliography

- Ipiñazar, I. & Alvarez, I. (2018). Urteko kontuen baterakuntza: teoriaren oinarrietatik aplikazio praktikora, UPV/EHUko ikasmaterialen sare-argitalpenak. URL: https://ikasmaterialak.ehu.eus/ekonomia-enpresa/urteko-kontuen-baterakuntza.
- Kontabilitate Plan Orokorra, Euskal Herriko Unibertsitateko Argitalpen Zerbitzua, 2010. (1514/2007 Errege Dekretua, 2007ko azaroaren 16koa, Kontabilitate Plan orkorra onesten duena).

- Real Decreto 1159/2010, de 17 de septiembre, por el que se aprueban las normas para la formulación de cuentas anuales consolidadas y se modifica el Plan General de Contabilidad aprobado por Real Decreto 1514/2007, de 16 de noviembre y el Plan General de Contabilidad de pequeñas y medianas empresas aprobado por Real Decreto 1515/2007, de 16 de noviembre

- Normas para la formulación de las cuentas anuales consolidadas. ICAC web orrian eskuragarri:
https://www.icac.gob.es/contabilidad/normativas/nacionales

- ALVAREZ MELCÓN, S y CORONA ROMERO, E.: Cuentas anuales consolidadas, Editorial Pirámide, 2011.
- SERRA SALVADOR, V. y OTROS: “Consolidación contable de grupos empresariales”. Pirámide. Madrid (2011).
- Plan General de Contabilidad, aprobado por Real Decreto 1514/2007, de 16 de noviembre.
- Ley 11/2018, de 28 de diciembre, por la que se modifica el Código de Comercio, el texto refundido de la Ley de Sociedades de Capital aprobado por el Real Decreto Legislativo 1/2010, de 2 de julio, y la Ley 22/2015, de 20 de julio, de Auditoría de Cuentas, en materia de información no financiera y diversidad. URL: https://www.icac.gob.es/contabilidad/normativas/nacionales#portada.
- Normas para la Formulación de las Cuentas Anuales Consolidadas -NFCAC-: Texto refundido NFCAC 2021, NFCAC 2016-modificaciones RD 602-2016 ICAC web orrian eskuragarri: https://www.icac.gob.es/contabilidad/normativas/nacionales.

Journals

Partida Doble (www.partidadoble.es)
Revista de Contabilidad
Revista de Contabilidad y Tributación
Revista Española de Financiación y Contabilidad (REFC)
Técnica contable

Web addresses

www.aeca.es
www.icac.es
www.iasb.org