Incomes as a category in the accounting law

• Authors: Martyniuk, Teresa

Abstracts

EN

Income is one of the most important financial categories in entity's operations. The financial result and profitability often depend on income. The Polish Account-ing Act and IAS 18 define income in a very similar way. The main difference is that in Polish regulations it is stressed that economic benefits should be properly sub-stantiated. IAS 18 prescribes that income should be measured at the fair value of the payment received or due.In 2008 the IASB issued a discussion paper addressing the problem of income recognition. This is a joint project of IASB and FASB, one of the priorities in the convergence plan, which should be completed by 2011.

Keywords

EN

przychody; prawo bilansowe; RMSR; FASB; incomes; accounting law

• Publisher: Stowarzyszenie Księgowych w Polsce (SKwP), Zarząd Główny, Rada Naukowa
• Journal: Zeszyty Teoretyczne Rachunkowości
• Year: 2010
• Volume: 2010(54(110))
• Pages: 117-128

Contributors

author

Martyniuk, Teresa