Vypovídací schopnost údajů z konsolidované účetní závěrky pro finanční rozhodování v nadnárodních firmách

The thesis examines the information value of consolidated financial statements for financial decision-making in multinational companies. Its aim is to assess the usefulness of consolidated financial information and to identify factors that enhance or limit its information value. The theoretical part draws on academic literature, IFRS Accounting Standards, and Czech accounting regulations. The practical part is conducted as a case study of a multinational group and combines content analysis of financial statements, descriptive financial analysis, financial ratios, trend analysis, and sensitivity calculations. The results show that consolidated financial statements represent an essential, but not independently sufficient, source of information for financial decision-making. They provide a comprehensive view of the group’s financial position, performance, external indebtedness, and cash flows after the elimination of intragroup relationships. However, their interpretation is significantly affected by changes in the scope of consolidation, business combinations, goodwill, foreign exchange effects, accounting policies applied, and differences between accounting profit and cash flow generation. Therefore, assessing individual companies, liquidity availability, organic growth, and the distribution of risks requires consolidated financial information to be supplemented by information disclosed in the notes to the financial statements and by internal management reporting.