Reporting of public benefit organizations in Poland in the interwar period and today
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2014, Vol 2014, Issue 76
Abstract
The article presents the legal regulations of financial and activity reporting of public benefit organizations in Poland since the beginning of the 20th century and answers the question whether the evolution of reporting regulations of these organizations has influenced positively the quality of the disclosure. For this purpose the legal acts, activity reports and financial statements of public benefit organizations opera-ting before the Second World War and in the 21st century were analyzed. The research has shown that information in the reports of modern public benefit organizations are too extensive. These reports are not useful to donors because they provide too general and hard-to-interpret information. The reporting of pre-war organizations was irregular, and the data in subsequent periods and between entities was incom-parable. It resulted from changes in the law, lack of regulation in some years and difficult times of the interwar period in which control over the reporting of these units varied in subsequent periods. Ho-wever, it should be noted that the details and the amount of disclosures were more balanced (adapted to the needs of users) than in the case of public benefit organizations of today.<br/><br/>
Authors and Affiliations
Halina Waniak-Michalak
Keywords
Related Articles
- EP ID EP66618
- DOI -
- Views 149
- Downloads 0
Usefulness of financial statements – practical aspects
The paper presents the practical aspects of using financial statements as a trustworthy and transparent source of information for all users of financial statements, including investors and banks. In business practice, us...
Wpływ nakładów na badania i rozwój na rentowność przedsiębiorstw
Celem artykułu jest zbadanie wpływu wydatków na badania i rozwój na wzrost rentowności przedsię- biorstw. Sformułowana na podstawie badań literaturowych hipoteza badawcza zakłada statystycznie istotny i dodatni wpływ int...
The disclosure of non-financial information by stock-exchange-listed companies in Poland, in the light of the changes introduced by the Directive 2014/95/EU
Beginning in 2017, stock-exchange-listed companies in Poland have been obliged to publish non-financial information. This is due to the implementation of Directive 2014/95/EU in Polish law, which requires the dis- closur...
Od konsekwencji do antecedencji – zmiana orientacji pomiaru we współczesnej rachunkowości
Masowa cyfryzacja rzeczywistości gospodarczej ma ogromny wpływ na teorię i praktykę rachunkowości. Zmiany obserwowane w podejściu do pomiaru ekonomicznego, będące efektem rozwoju fenomenu big data są wielowymiarowe. Jedn...
Management Commentary as a new source of information about a business entity's operations
This study compares the guidelines for preparing financial statements on activities of business entities in Polish regulations and in IFRS. The article also addresses the practical aspects of financial reporting, and dis...