The subject of this thesis is "Accounting for investments in subsidiaries in the company Valamar Riviera d.d.". The term investing in subsidiaries includes the acquisition of 50% or more of the shares of an entity by which control of the entity is acquired and included in the consolidated financial statements. This paper provides a complete overview of the company's investment procedures in subsidiaries, from the process of calculating business combinations to the recognition and measurement of investments and the preparation of consolidated financial statements. Valamar Riviera d.d. is classified as a large companie and is therefore obliged to use International Financial Reporting Standards in business activities. Valamar Riviera d.d. as a parent company that owns six dependent entrepreneurs, is obliged to prepare non-consolidated and consolidated financial statements. The term consolidated financial statements includes the financial statements of Valamar Riviere d.d. and all dependent entrepreneurs. In order to show the actual financial situation and position of the group, elimination entries of transactions between dependent entrepreneurs and Valamar Riviere d.d. are carried out. When preparing non-consolidated financial statements, it is important to choose a model for recognizing and measuring the investment of the dependent entrepreneur, Valamar Riviera d.d. measures investments in dependent entrepreneurs accourding to IFRS 9. Through the practical part of the thessis, the elimination entries between the parent company and its six dependent entrepreneurs and changes in the investments of Valamar Riviere d.d. are shown over a four-year period.