Content, progress and pedagogy of the module

Consolidated financial statements present the overall financial picture of a parent company and its subsidiaries as if they were a single entity. The aim of the module is to give those familiar with financial reporting in individual companies an introduction to consolidated accounts.

The main emphasis of the module is explaining the basic elements of group formation and consolidation with reference to the key rules (principles) contained in the Danish and international regulations on the presentation of consolidated financial statements.

Learning objectives

Knowledge

The objective is that the student after the module possesses the necessary knowledge on:

• the key concepts, principles and methods used in the consolidated financial statements.
• the information value of the completed consolidated financial statements.

Skills

The objective is that the student after the module possesses the necessary skills in:

• being able to explain the meaning of The Danish Financial Statements Act in relation to the content of the consolidated financial statements.
• being able to explain the content of business combinations and the subsequent consolidation process and argue for/against whether specific transactions and events meet the criteria for business combination or consolidation, respectively.
• being able to describe applicable rules and apply methods of recognition and measurement in consolidated financial statements, thereby explaining the operation of the rules in specific examples.

Competences

The objective is that the student after the module possesses the necessary competences in:

• understand and identify issues of preparing and presenting consolidated financial statements.
• be able to solve the most common problems in consolidated financial statements using appropriate methods.
• be able to draw up consolidated financial statements independently, covering the most common transactions.

Type of instruction

For information see § 17.

Exam

Exams