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Accounting as a Source of Financial Information on Insolvency in Liquidation Proceedings

100%

Bauer K., Hospodka J.

Central European Management Journal

2020

vol. 28(4)

2-29

Purpose: The purpose of this paper was to indicate which information originating in accounting is important for ensuring the information transparency of bankruptcy proceedings. Methodology: Based on the literature review and the analysis of international legal acts, we determined priority types of information from accounting used in bankruptcy court proceedings. These types included information on the costs of insolvency proceedings, the assumption in the financial statements that there was no going concern, and the book value of assets. A survey was then conducted on a group of specialists in the field of bankruptcy. Findings: Respondents indicated information on the costs of bankruptcy proceedings as the most important. However, other accounting information under study also received a high assessment from insolvency specialists. The obtained assessments of individual quality features are characterized by high reliability confirmed by low standard errors. Research implications: Accounting evolves as a response to the information needs of accounting information users. Therefore, knowing these needs may contribute to changes in the requirements regarding the scope of information from accounting that is used in bankruptcy proceedings. Originality/value: In-depth knowledge of various aspects of the economic side of the bankruptcy phenomenon is part of the current trend in minimizing the negative effects of bankruptcy.

Ujemny kapitał własny w przedsiębiorstwie a kontynuacja działalności

86%

Bereżnicka J.

Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia

2017

vol. 51

issue 4

The paper analyzes the financial situation of enterprises, which had negative equity in the period 2012–2015 in the context of their continued activity. Profitability and debt ratios and repayment periods indicated a very unfavorable financial situation. According to the legal provisions, these companies should be bankrupt (liquidated) but they still function, unfortunately, increasing the shortage of equity by systematic debt, which puts creditors in a very difficult situation.

W artykule przeprowadzono analizę sytuacji finansowej przedsiębiorstw, które charakteryzowały się ujemnym kapitałem własnym w okresie 2012–2015 w kontekście kontynuowania przez nie działalności. Wskaźniki rentowności i zadłużenia oraz okres spłaty długów wskazywały na bardzo niekorzystną sytuację finansową. Zgodnie z zapisami prawnymi przedsiębiorstwa te powinny być postawione w stan upadłości (likwidacji), ale nadal funkcjonują, niestety powiększając niedobory kapitału własnego przez systematyczne zadłużanie się, co stawia wierzycieli w bardzo trudnej sytuacji.

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1 Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia

1 Central European Management Journal

1 2020

1 2017

1 Bauer K.

1 Bereżnicka J.

1 Hospodka J.

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Accounting as a Source of Financial Information on Insolvency in Liquidation Proceedings

Ujemny kapitał własny w przedsiębiorstwie a kontynuacja działalności