Accounting standards used as basis for preparation of financial statements by shale gas producers in USA and Poland
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2015, Vol 2015, Issue 85
Abstract
The aim of this article is analysis and comparison of the standards used for preparation of financial statementsby enterprises looking for and extracting shale gas in Poland and in the USA. The author reviewsthe different accounting regulations underlying financial reporting of companies operating in this field.Nowadays, globalization and constant development of financial markets cause intensified expectations ofshareholders regarding the attributes of financial statements. The author points out the high level of specializationand comprehensiveness of American regulations. In contrast, international accounting standardsaddress only the initial phase of the process of alternative hydrocarbons extraction, which results ina lack of financial reports’ consistency and decline of investors’ interest.
Authors and Affiliations
Anna Galimska
Keywords
Related Articles
- EP ID EP81851
- DOI 10.5604/16414381.1185445
- Views 135
- Downloads 0
Metody prognozowania upadłości wykorzystywane przez polskie przedsiębiorstwa – wyniki badań ankietowych
Każde przedsiębiorstwo prowadzące działalność w warunkach gospodarki rynkowej jest narażone na ryzyko upadłości, dlatego bardzo ważne jest jej prognozowanie. Opracowano wiele metod pozwalających menedżerom przewidywać ba...
Zysk na jedną akcję i jego determinanty w publicznych spółkach produkcyjnych w wybranych państwach Europy Środkowo-Wschodniej
Celem artykułu jest próba oceny kształtowania się wartości wskaźnika EPS oraz jego determinantów w giełdowych spółkach produkcyjnych w wybranych państwach Europy Środkowo-Wschodniej, w tym Polski. Badania empiryczne prze...
Decline of the theory of value in accounting
The current crisis of confidence in reported financial information stems from the shortcomings in the valuations made for the balance sheet purposes. The aim of this article is to identify them and try to look for ways o...
The pillars of internal control and risk management systems in relation to financial reporting: The perspective of the Polish and German capital markets
This article aims to identify, based on the reporting practices of companies listed on the Polish and Ger-man capital market, the pillars of internal control and risk management systems in relation to financialreporting....
Financial reporting of state-owned industrial enterprises in Poland in the 1950s
In the 1950s, Polish accounting was strongly influenced by the accounting system of the Soviet Union. An expression of this state of affairs were, among others, the successive reforms of the Polish uniform chart of accou...