Proces sestavení první konsolidované účetní závěrky

The thesis addresses the process of implementing consolidation and preparing the first consolidated financial statements within a group of entities comprising a parent company and subsidiaries, using the full consolidation method in accordance with Czech accounting regulations. The theoretical part defines the accounting and legal framework for consolidation in the Czech Republic in comparison with IFRS (in particular IFRS 3, IFRS 10, and IAS 21), introduces the concept of control and the procedural paradox of the size thresholds under Section 1c of the Czech Accounting Act, and offers a process and project management perspective on the implementation of consolidation, including data and system infrastructure requirements and documentation obligations. The practical part applies the theoretical conclusions to an e-commerce group consisting of a Czech parent company and two subsidiaries domiciled in the Czech Republic and Slovakia. Given that the group grew organically through greenfield investments, no consolidation difference (goodwill) arises. The thesis demonstrates a comprehensive procedure for elimination adjustments, covering the elimination of equity interests and capital contributions, the elimination of intragroup services and intercompany sales of goods with an embedded margin, the application of historical, closing, and average exchange rates, and the rigorous distinction between cumulative translation adjustments and transactional exchange differences arising on monetary items. The contribution of the thesis lies in the integrated linkage of the procedural and methodological dimensions, illustrated by the preparation of the first consolidated financial statements.