PL EN


2014 | 201 | 424-432
Article title

Neutralność jako ważna cecha sprawozdania finansowego?

Content
Title variants
EN
Neutrality as an Important Characteristic of Financial Statement?
Languages of publication
PL
Abstracts
EN
The aim of the paper is to give the answer to the question whether neutrality is practically attainable and its critical evaluation as an element of faithful representation. The question is if possible lack of neutrality means earnings management? Estimation of value is an inevitable element of financial statement preparation and quality of estimation done by the manager depends on his or her information, professional experience, attitude toward risk and many other factors. It means that income earned by the business unit, as an accrual category, is always managed to some extent. Since estimation of income is inevitable, markets are not perfect and not fully efficient neutral income does not exist. Accounting income is the basis for evaluation of economic profitability. It seems that neutrality proposed by IASB and FASB is impossible to achieve and even may harm some stakeholders.
Year
Volume
201
Pages
424-432
Physical description
Contributors
References
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Document Type
Publication order reference
Identifiers
ISSN
2083-8611
YADDA identifier
bwmeta1.element.desklight-77fdcd92-6c23-4814-b259-34a09e6f024f
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