PL EN


2010 | 13 | 1(46) | 139-143
Article title

RESPONSIBILITY OF BANK ACCOUNTING FOR GLOBAL FINANCIAL CRISIS? (Odpowiedzialnosc rachunkowosci bankowej za globalny kryzys finansowy?)

Title variants
Languages of publication
PL
Abstracts
EN
The authors of the article examine the issue of share responsibility of accounting policies for the current global financial crisis. They focused on the method recommended by the International Accounting Standards- of valuation of financial assets due to market value. However during the financial turmoil is not a good expression of the financial assets' real value. During the bull market it would lead to higher financial performance, and during the bear market it requires the creation of write-offs on depreciating assets and demonstrates drastic losses in financial institutions. Better solution would be to adopt the average market value of the 6 - 12 months period preceding the balance-sheet date.
Year
Volume
13
Issue
Pages
139-143
Physical description
Document type
ARTICLE
Contributors
  • Eugeniusz Gostomski, Uniwersytet Gdanski, Wydzial Ekonomiczny, Instytut Handlu Zagranicznego, ul. Armii Krajowej 119/121, 81- 826 Sopot, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10PLAAAA080911
YADDA identifier
bwmeta1.element.913e10a8-7945-34f8-a662-e0ed909e3997
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