Development of financial reporting of Polish enterprises from 1989 to 2015

Joanna Błażyńska , Marzena Remlein

Abstract

Poland is a country where legal norms evolved from a command and control economy to market economy in a relatively short period of time. In contemporary Polish financial reporting one can notice both solutions typical for the accounting system based on the continental model and solutions typical for the Anglo-Saxon model. The research problem addressed in this paper involves investigation of changes in the structure, form and thematic scope of financial statements as well as valuation methods applied to reporting items. Specifically, the article addresses financial statements of Próchnik S.A., one of the first five companies to debut on the Warsaw Stock Exchange in 1991. The purpose of the article is to present the results of an analysis of changes in the scope of financial reporting of Polish companies taking place over a period of 25 years. The author used the method of analyzing literature and legal regulations and the method of comparisons and analogies. The research allowed the author to identify specific stages in the development of financial reporting in Poland. It was demonstrated that the turning point was the country’s accession to the European Union and that changes taking place in the recent years are connected first of all with the need to implement EU regulations into the Polish legislation. In each of the said stages changes in the form and scope of financial statements and applied valuation methods were noticed.
Author Joanna Błażyńska (WZ / KR)
Joanna Błażyńska,,
- Department of Accounting
, Marzena Remlein (WZ / KR)
Marzena Remlein,,
- Department of Accounting
Journal seriesBusiness & Management Review, ISSN 2047-2854, e-ISSN 2047-2862, (0 pkt)
Issue year2016
Vol7
No2
Pages114-123
Publication size in sheets0.5
ConferenceInternational Conference on Globalisation, Entrepreneurship & Emerging Economies (ABRM-AASTMT 2016), 15-02-2016 - 15-02-2016, Alexandria, Egipt
Keywords in Englishfinancial reporting, financial statements, financial information, usefulness of financial information
URL http://www.abrmr.com/myfile/conference_proceedings/Con_Pro_36030/conference_25241.pdf
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 0.0, 20-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 5.0, 20-12-2019, ArticleFromJournal
Citation count*1 (2020-09-11)
Cite
Share Share

Get link to the record


* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
Back
Confirmation
Are you sure?