Accounting policy and the going concern concept
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2011, Vol 2011, Issue 60
Abstract
The article presents a comprehensive approach to determining the accounting policy of an entity based on the going concern assumption and intended to help implement the development strategy adopted by the entity. The shaping of accounting policy is viewed as a multi-step management process aimed at adapting current financial accounting regulations to the needs of a par-ticular entity. The authors propose an approach which integrates the key elements of account-ing policy, which include: the objectives of accounting, rules (standards), their acceptance (selection), implementation (preparation of financial statements) and analysis. This approach is believed to be a source of inspiration for improvement of accounting (financial reporting).
Authors and Affiliations
Tomasz Kondraszuk
Keywords
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- EP ID EP53566
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