Selected problems in assets measurement and disclosure in financial statements of banks

• Authors: Wielgórska-Leszczyńska, Joanna

Abstracts

EN

Accounting provides a broad range of detailed information about bank's activi-ties. Data concerning receivables and deposits are the most important for the users of financial statements as they determine the bank’s financial position and liquidi-ty. Analysis of financial statements of 12 banks quoted on Warsaw Stock Exchange shows that they do not always present sufficient data concerning accounting poli-cies and receivables from clients (which constitute from 30% up to 86.8% of their assets). The fact that only from 5% to 13.4% of assets are financed by owners' equi-ty is not disclosed, either. The research showed differences between banks in the scope of information disclosed, methods of valuation used, and quality of data pre-sented in financial reports.In the nearest future accounting for banks will be changing and developing to-gether with changes introduced in the bank system. Nevertheless, this develop-ment should follow the direction of better presentation of the information that have essential influence on the bank's condition and security. Data should be reliable, comparable, up-to-date, and presented in a concise way.

Keywords

EN

składniki aktywów; wycena; banki; assets measurement; Banks

• Publisher: Stowarzyszenie Księgowych w Polsce (SKwP), Zarząd Główny, Rada Naukowa
• Journal: Zeszyty Teoretyczne Rachunkowości
• Year: 2010
• Volume: 2010(56(112))
• Pages: 283-294

Contributors

author

Wielgórska-Leszczyńska, Joanna