Comparability of financial reports of real estate developers in the context of Polish and international accounting regulations
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2011, Vol 2011, Issue 60
Abstract
The aim of this article is to present international regulations for real estate development activities, in particular IFRIC Interpretation 15 Agreements for the Construction of Real Estate, and to compare them with Polish and American solutions. Today, when the period of the deepest recession is over and only the strongest developers have survived on the market, it is very important for these companies to find external capital. Therefore providing reliable information on their activity becomes the highest priority for developers. There are significant discrepancies between the Polish and international regulations, which can lead to the lack of comparability between developers' financial statements, both at the local and global level. Thus it can be expected that in the near future Polish regulations in this area will be adjusted to international solutions, which makes it even more important to become acquainted with international accounting regulations.
Authors and Affiliations
Jacek Kalinowski
Keywords
Related Articles
- EP ID EP53564
- DOI -
- Views 104
- Downloads 0
Możliwości wykorzystania MSSF 9 do kształtowania wyniku finansowego jednostki gospodarczej
Artykuł podejmuje problematykę zastosowania Międzynarodowego Standardu Sprawozdawczości Finan-sowej (MSSF) 9 Instrumenty finansowe w kontekście możliwości wykorzystania przewidzianych w nim rozwiązań do uzyskania pożądan...
Double-entry bookkeeping by Pacioli and his Italian followers in XVI–XVII century
The purpose of the article is to present the first textbook on double-entry bookkeeping and its impact on the development and popularization of accounting in Italy. The author of this work Luca Pacioli – was an outsta...
British auditors in Poland in the interwar period
This article presents the results of historical research on the operation of British accounting firm Whin-ney, Murray & Co in Poland before World War II. Based on our findings this was the only foreign ac-cou...
Funkcje audytu wewnętrznego w opinii polskich audytorów
Funkcje audytu wewnętrznego w opinii polskich audytorów
Motives for property, plant and equipment revaluation according to positive accounting theory
The paper identifies motives for property, plant and equipment (PPE) revaluations according to the three main hypotheses proposed by Watts and Zimmerman. Attempt to lower debt-equity ratio is the main motive for PPE reva...