The subject is included in the third year of the degree course and, therefore, it would be necessary to have the accounting concepts of the previous years consistently established in order to be able to approach it reliably.



Knowledge of company groups and the preparation of their economic-financial information, as well as their understanding, is essential in the business environment in which we are currently immersed. The reason for this is obvious, since otherwise many international and even national operations carried out in the business world would not be understood.

COMPETENCIES

During the development of the subject the student must gradually acquire the following skills:

- Determine and analyse the existence of a group of companies from the accounting perspective.

- Understand the methodology of the consolidation process.

- Acquire knowledge and skills to prepare consolidated annual accounts.



LEARNING OUTCOMES

Once the subject has been completed, the student will have acquired a series of basic competences that will enable them to:

- Analyse the group of companies and be able to delimit its conception and composition.

- Present the methods of consolidation.

- Prepare, with the methods presented, the consolidated annual accounts.

SUBJECT 1: CONSOLIDATED FINANCIAL REPORTING: CONSOLIDATION METHODS AND EQUITY METHOD.

1. INTRODUCTION: BUSINESS COMBINATIONS AND RESTRUCTURINGS.

2. SUBJECT OF CONSOLIDATION AND APPLICABLE THEORIES.

2.1. Concept of a group of companies.

2.2. Consolidation theories: consolidation in real and financial terms.

2.3. Other parties involved in the consolidation 2.4.

2.4. Consolidable group and scope of consolidation

3. METHODS OF CONSOLIDATION AND THE EQUITY METHOD

4. PROCESS OF PREPARING THE CONSOLIDATED INFORMATION

4.1 Obligation to consolidate

4.2 Consolidation process

4.3 Consolidated accounts



SUBJECT 2: ADJUSTMENTS AND ELIMINATIONS IN THE FULL CONSOLIDATION METHOD (1). ELIMINATION INVESTMENT-EQUITY.

1. INTRODUCTION

2. ELIMINATION OF INVESTMENT-EQUITY IN FIRST CONSOLIDATION

2.1. Date of first consolidation

2.2. Valuation of assets and liabilities

2.3. Minority interests

3. ELIMINATION INVESTMENT-EQUITY ELIMINATION IN SUBSEQUENT CONSOLIDATIONS AFTER FIRST CONSOLIDATION

3.1. Reserves in consolidated companies and other equity items in eliminations

equity investments in consolidation after the first consolidation

Minority interests in post-first-time consolidation





SUBJECT 3. ADJUSTMENTS AND ELIMINATIONS IN THE FULL CONSOLIDATION METHOD (2). INTERNAL TRANSACTIONS.

1. GENERAL PRINCIPLES ON ELIMINATIONS DUE TO INTERNAL AND OTHER TRANSACTIONS 2.

2. ELIMINATION OF RECIPROCAL ITEMS

3. ELIMINATION OF INTERCOMPANY PROFITS AND LOSSES

3.1. Introduction

3.2. Internal inventory transactions

3.3. Intercompany transactions in fixed assets and investment property

3.4. Internal dividend transactions

3.5. Internal transactions in services



 

SUBJECT 4. PROPORTIONAL INTEGRATION METHOD AND EQUITY-ACCOUNTED METHOD

1. PROPORTIONAL INTEGRATION METHOD

2. EQUITY METHOD



SUBJECT 5. ACCOUNTING TREATMENT OF CHANGES IN FOREIGN CURRENCIES

METHODS OF CONVERSION OF FINANCIAL STATEMENTS: Closing Rate Method



SUBJECT 6. CONSOLIDATED FINANCIAL STATEMENTS

INTRODUCTION

2. CONSOLIDATED BALANCE SHEET

3. CONSOLIDATED PROFIT AND LOSS ACCOUNT

4. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

5. CONSOLIDATED CASH FLOW STATEMENT

6. CONSOLIDATED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS.

7. EDUCATION FOR SUSTAINABLE DEVELOPMENT - SUSTAINABLE DEVELOPMENT GOALS (SDGS).

The methodology is based on two main axes: lectures and practical work with the computer. All of this, with the basic intention of promoting an active dynamic in which the greatest possible student participation and both individual and group work is encouraged.



The Master Classes would consist of the presentation and development of the basic concepts and the tools and techniques that the student must learn in order to achieve the proposed knowledge objectives. In addition, there would be occasional debates with the students in order to enhance their positive critical aspects.



The practicals would entail, individually and in groups, the resolution of problems and assumptions in order to fix the concepts developed in the lectures. To this end, practical cases are presented in which students develop, in practical terms, the objectives and competences of the subject. The aim is for students to acquire skills related mainly to oral communication, the capacity for synthesis, teamwork and a positive critical spirit.



The key transversal competences for sustainability are worked on based on the achievement of cognitive, socio-emotional and behavioural learning objectives. The specific competences, objectives and outcomes are described in the corresponding student guides. The assessment of these outcomes is included in the context of continuous assessment.

• Sistema de Evaluación Continua
• Sistema de Evaluación Final
• Herramientas y porcentajes de calificación:
  • Prueba escrita a desarrollar (%): 70
  • Trabajos en equipo (resolución de problemas, diseño de proyectos) (%): 20
  • Exposición de trabajos, lecturas… (%): 10

CONTINUOUS MIXED EVALUATION



The subject will be evaluated basically by means of a continuous-mixed evaluation.

Those who do not attend class regularly will not be able to obtain part of the mark for the tasks carried out in the so-called "computer practicals".

These tasks will be the following:

-Submission of group work: will have a valuation of up to 10% of the final grade.

-Resolution of evaluable problems: will have a value of up to 20% of the final grade.



For these continuous-mixed assessment students, the subject will be graded in the following way:

-10% through presentations in the classroom (voluntary task).

-20% by problem solving in the classroom (voluntary homework).

-70% by means of a theoretical-practical exam in the ordinary exam session.



It will be necessary to pass the written exam in order to proceed to the sum of the grade obtained in the work and the practicals.



WEEK 9 OF THE SECOND FOUR-MONTH PERIOD IS THE DEADLINE FOR STUDENTS TO WAIVE THE CONTINUOUS EVALUATION AND THE MARKS OBTAINED IN THE TESTS TAKEN UP TO THAT WEEK. IN THIS CASE, STUDENTS WILL GO ON TO THE FINAL EVALUATION.





For students who have not taken the continuous-mixed evaluation by their own decision or because they are unable to attend class regularly, and therefore pass to the final evaluation, the grading of the course will be carried out as follows:

-70% by means of a theoretical-practical exam in the ordinary exam session.

-30% by means of a test on the Consolidated Annual Accounts of a company (covering the work that would have been done in the classroom).

It will be necessary to pass the written exam in order to proceed to the sum of the marks obtained.



NOTE: Students who have not taken the written exam will be graded as "Not Presented".

For those who have taken the continuous-mixed evaluation:

-The grade obtained in the classroom tests will be maintained (up to 30%).

-70% by means of a theoretical-practical exam in the ordinary exam session.

It will be necessary to pass the written exam to proceed to the sum of the grades obtained.



For those who have not taken the continuous-mixed evaluation:

The grading of the subject will be carried out in the following way:

-70% by means of a theoretical-practical exam in the ordinary exam session.

-30% by means of a test on the Consolidated Annual Accounts of a company (covering the work that would have been done in the classroom).

It will be necessary to pass the written exam in order to proceed to the sum of the marks obtained.





NOTE: Students who have not taken the written exam will be graded as "Not Presented".

LEY 16/2007, de 4 de julio, de Reforma y adaptación de la Legislación Mercantil en materia contable para su armonización internacional con base en la Normativa de la Unión Europea (BOE 160, 5/07/2007).

Real Decreto 1514/2007, de 16 de noviembre, por el que se aprueba el Plan General de Contabilidad (BOE, de 20 de noviembre de 2007; corrección de errores en BOE de 31 de diciembre).

Real Decreto 1514/2007, de 16 de noviembre, por el que se aprueba el Plan General de Contabilidad de Pequeñas y Medianas y los criterios contables específicos para microempresas.

Código de Comercio. Incluye modificaciones incorporadas por la Ley 62/2003 de medidas fiscales, adminsitrativas y de orden social (BOE 31/12/2003) y y por la Ley 16/2007 de reforma y adaptación de la legislación mercantil en materia contable para su armonización internacional con base en la normativa de la UE (BOE 5/07/2007).

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.

Real Decreto 602/2016 por el que se modifican el Plan General de Contabilidad aprobado por el Real Decreto 1514/2007; el Plan General de Contabilidad de Pequeñas y Medianas Empresas aprobado por el Real Decreto 1515/2007; las Normas para la Formulación de Cuentas Anuales Consolidadas aprobadas por el Real Decreto 1159/2010; y las Normas de Adaptación del Plan General de Contabilidad a las entidades sin fines lucrativos aprobadas por el Real Decreto 1491/2011.

Normas emitidas por el ICAC (Instituto de Contabilidad y Auditoría de Cuentas)

Bibliografía básica

Euskaraz:

• Urteko kontuen baterakuntza: teoriaren oinarrietatik aplikazio praktikora. Ipiñazar Petralanda, Izaskun eta Alvarez Etxeberria, Igor.

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).



Castellano:

JOSÉ GABRIEL MARTIN RODRÍGUEZ Y JUAN JOSÉ AGUILERA MEDIALDEA: El Manual de Consolidación Contable y Fiscal, Editorial CISS, 3ª edición 2016.



ALVAREZ MELCÓN, S y CORONA ROMERO, E.: Cuentas anuales consolidadas, Editorial Pirámide, 2º edición 2016.



GONZÁLEZ SAINZA, J.: “Normas de Consolidación. Comentarios y casos prácticos”. 3ª Edi. CEF. Madrid (2014).



MEMENTO PRACTICO FRANCIS LEFEBVRE: “Grupos Consolidados 2022-2023”. Ediciones Francis Lefebvre, S.A. Madrid (2021)



SERRA SALVADOR, V. y OTROS: “Consolidación contable de grupos empresariales”. Pirámide. Madrid (2011).



Inglés:

The English literature focuses on IFRS 10 (international law), so it is recommended to work on NOFCAC (spanish law).

Direcciones web

www.ehu.eus