Consolidation of financial statements and related parties

Do you need assistance with consolidation and the preparation of consolidated financial statements?

UHY Certified Auditors will provide you with the knowledge and experience related to the business of multiple legal entities in a simple and understandable way. The seminar is designed for entrepreneurs with more than one company, all managers working at different levels of management, everyone who prepares consolidated financial statements, internal and external auditors, and accountants.

1 day
The training lasts for one day and the time of the meeting is in agreement with the client
As agreed
The workshop will be held at the Obzor College, Kopilica 21A, in Split
Price per agreement
20% discount for UHY in Croatia clients


  • Content
  • Lecturer
  • Payment details


Attendees of the seminar will learn how the consolidated financial statements are prepared through practical examples and what are the most common mistakes in their preparation.

Legal framework for the preparation and disclosure of consolidated financial statements:

IFRS (IAS 27); HSFI (HSFI 2). 

  • How are affiliates defined? 
  • Who is responsible for consolidating the financial statements? 
  • Business Merger Accounting. 
  • Identifying and measuring goodwill and negative goodwill. 
  • Practical examples.

Preparation of consolidated financial statements:

  • elimination procedures in report preparation
  • notes to the consolidated financial statements
  • public announcement and deadlines for submission of consolidated financial statements
  • an example of preparing consolidated financial statements
  • questions and answers.



Andrea Omašić

Certified Auditor and Partner at UHY HB EKONOM

Andrea Omasic is a Partner at UHY HB EKONOM Ltd and a Certified Auditor, specializing in clients in audit engagements, particularly audits of the financial statements of large and medium-sized companies.

Andrea is the Audit Director, responsible for the organization and execution of audit engagements and managing a team of professionals specialized in financial statement audit services, agreed-upon procedures and reviews, and other audit engagements. Daily tasks include working on audit engagements, organizing and conducting audit engagements accordingly with the requirements of International Auditing Standards, accounting and business consulting for clients.

In his career, Andrea participated, as an audit team member or an audit partner, in audits of more than 80 companies, including working on audits of financial statements of banks, listed companies and large companies. As an auditing partner, he participated in due diligence audit procedures, forensic audit procedures and company valuations.

He is a certified lecturer of the Croatian Audit Chamber with the consent of the Ministry of Finance in the continuing professional education of certified auditors in the Republic of Croatia.  He is the author and lecturer of professional papers at the traditional autumn conference “Accounting, Auditing and Taxes in Practice” and a guest lecturer at the Audit Courses at the Faculty of Economics, University of Split.

He is the author and permanent lecturer in accounting, tax, and audit topics at the UHY Training Center.

Andrea joined the UHY HB EKONOM team in January 2012, after graduating from the Faculty of Economics in Split as an intern in auditing and has progressed to a respectable expert in the field of audit and accounting consulting.


Dragan Rudan,

M.Sc. Dragan Rudan is a Partner/Director at UHY RUDAN, Certified Auditor, Certified Tax Consultant and Certified Assessor, specializing in Audit, Income Tax, and Value Added Tax.

Dragan participated in the drafting of the Croatian Law on Value Added Tax (VAT).

He has been teaching social sciences in the field of economics, at the Accounting school of the University of Split, University Study Center for Professional Studies

He also teaches at the Croatian Chamber of Tax Advisers – exam preparation for a certified tax advisor and at the Croatian Chamber of Auditors – exam preparation for a certified auditor.

Also, Dragan delivered a series of lectures for clients as well as at the International Assembly of UHY International Network, held in 2010 in Split (over 200 lectures during the introduction of  VAT into the Croatian tax system).

As the director of UHY RUDAN, Dragan is responsible for leading a team of experts specialized in auditing and tax consulting services, as well as organizing and distributing work in an audit firm, which involves timely and accurate completion of assigned tasks in line with the general methodology for conducting business audits. His daily responsibilities include, among other things, interpretation of all currently applicable tax regulations, practical application of auditing and accounting standards, auditing and testing of internal controls for all business processes in companies whose financial statements are audited and designing, issuing, and presenting audit reports to client management.

As an audit partner, he has audited more than 200 clients. Highlights: MIV d.d., JANAF d.d., KFK d.o.o., GIP PIONEER d.o.o., HEMPEL d.o.o.

Dragan has been involved in due diligence projects, several audit projects, as well as agreed-upon audits with special requests from owners (shareholders), business audits, business process evaluations, business projects with the aim to increase efficiency and effectiveness, accounting and business consulting and  mergers and acquisitions. 

He was or is a member of the audit committees in NAVA BANK d.d., MEDIKA d.d., JANAF d.d., PLINACRO d.o.o. and ATLANTIC SAILING d.d.

Payment details

Title: Consolidation of financial statements and related parties 

Date: by appointment 

Location: in consultation with the client 

Registration Fee: Depending on the number of participants.

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“Expertise and professionalism-those are  the words to describe UHY. Even when we changed our headquarters and left Split, we decided to keep the accounting as we did not want to take a chance on someone new. In seven years of cooperation, they have proven  their professionalism and knowledge on numerous occasions by performing without errors and on time. “

Ilija Brajković
Managing partner at @kontraagency
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“We have been working with UHY for several years and they have proven to be a good and reliable partner. Their expertise and excellent tips have enabled our business to be more successful and straightforward. “

Antonio Perić-Mažar
CEO @ Locastic
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“The only part of the business I don’t worry about are the things that UHY takes care. So much peace of mind.”

Jasnon Berry
CEO @PositiveEquity

We have been collaborating successfully with UHY for many years. It feels good to be able to dedicate the time on developing and improving our own business, knowing that we have someone to turn to with questions and problems anytime, and that we will always receive timely and professional answers. In times of constant changes in legislation, to have a partner relationship that is friendly but still and above all professional is a rarity. UHY is an excellent example of successful business collaboration that creates a different business environment that is always motivating us to simply be better!

Ivan Kuret
Authorised Signatory of H.L. Dvorac Ltd.

In the last seven years, we have collaborated with UHY HB EKONOM Ltd. on several projects. To have a contractor you can trust and at the same time is so highly professional such as UHY, makes it easier for us to work on current affairs and leaves us precious time to manage our development and growth. We never need to worry because accounting is under control. 

Adriana and Jakov Bošnjak
Founders and CEOs at Ocean Sailing House Ltd.
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“We have been assured of the superior reliability and professionalism of the UHY team during our long term cooperation. It is difficult to make a mistake with UHY, but if it does happen, UHY always has quality and quick solutions.”Director ELEKTROSUMA Ltd. Split

Marko Sučić
Director ELEKTROSUMA Ltd. Split

“We have been cooperating with UHY HB EKONOM Ltd. for many years, and I can say we have developed a valuable relationship. With their professional, confidential and, above all,expert approach, UHY made significant contributions to the development of the potential of our company.  We wish to continue to successfully collaborate together to raise the bar of quality and success in business. “

Nikša Čulić
Director, ČULIĆ ELEKTRO CENTAR Ltd. for trade, export-import, manufacture and services

“UHY is made up of professional, responsible and competent experts who are always streaming to find solutions for the client. They are our first choice for tax and business consulting, and we recommend them gladly to our clients and partners.”

Nataša Subašić
Financial Director, Croatia Yachting d.o.o. Travel agency, nautical tourism and trade

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