Accounting treatment of business mergers on the example of the automotive industry

Poslovno spajanje je sve učestaliji način širenja poslovanja nekog društva. Postoji nekoliko oblika poslovnih spajanja i razloga zašto se društva spajaju. Poslovna spajanja se mogu razmatrati iz različitih okvira: pravnog, računovodstvenog, poreznog ali i društvenog, kulturnog i političkog. Računovodstveni okvir poslovnih spajanja za velika društva i društva javnog interesa (društva čiji vrijednosni papiri kotiraju ili će kotirati na burzi) je uređen Međunarodnim standardima financijskog izvještavanja, a srednja, mala i mikro društva su obvezna primjenjivati Hrvatske standarde financijskog izvještavanja. Poslije spajanja društva su obvezna sastaviti konsolidirane financijske izvještaje. Cilj ovog rada je prikazati računovodstveni okvir poslovnih spajanja te na primjeru slučaja iz automobilske industrije računovodstveno pratiti preuzimanje Porsche AG od strane Volkswagen grupe i sastavljanje konsolidiranih financijskih izvještaja.Business mergers are an increasingly common way of expanding a company's business. There are several forms of business mergers and the reasons why companies merge. Business mergers can be considered from different frameworks: legal, accounting, tax, but also social, cultural and political. The accounting framework for business combinations for large companies and public interest companies (companies whose securities are listed or will be listed on the stock exchange) is regulated by International Financial Reporting Standards, and medium, small and micro companies are required to apply Croatian Financial Reporting Standards. After the merger, companies are required to prepare consolidated financial statements. The aim of this thesis is to present the accounting framework of business combinations and, on the example of the case from the automotive industry, to monitor the acquisition of Porsche AG by the Volkswagen Group and the preparation of consolidated financial statements