Neutralność jako ważna cecha sprawozdania finansowego?

• Authors: Piotr Wójtowicz

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.

Keywords

PL

Polityka rachunkowości; Sprawozdanie finansowe; Wynik finansowy

EN

Accounting policy; Financial performance; Financial statements

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2014
• Volume: 201
• Pages: 424-432

Contributors

author

Piotr Wójtowicz

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Identifiers

ISSN

2083-8611