| Autor: Ewa Maćkowiak | 189 |
Strony: 189-197
pełen tekst
INVENTORIES IN TERMS OF POLISH AND INTERNATIONAL ACCOUNTING STANDARDS
Summary
Valuation of inventories is regulated by the Polish Accounting Law and by the International Accounting Standards.
Undoubtedly the Polish Accounting Law is modeled based on international regulations, however, several issues appear different.
Unlike non current assets, a feature characteristic of current assets is their relatively rapid consumption. This determines the way of their valuation. The consumption of assets within a single operating cycle, causes the valuation must illustrate flows in a given period, from both the balance sheet and income statement sides.
pełen tekstINVENTORIES IN TERMS OF POLISH AND INTERNATIONAL ACCOUNTING STANDARDS
Summary
Valuation of inventories is regulated by the Polish Accounting Law and by the International Accounting Standards.
Undoubtedly the Polish Accounting Law is modeled based on international regulations, however, several issues appear different.
Unlike non current assets, a feature characteristic of current assets is their relatively rapid consumption. This determines the way of their valuation. The consumption of assets within a single operating cycle, causes the valuation must illustrate flows in a given period, from both the balance sheet and income statement sides.