RSM Poland


Entries from July 2015


27 July 2015
Przemysław POWIERZA

Very often during our meetings with Clients from Germany the Germans comment on the Polish economic reality. We hear that at the moment of entering Poland, a foreigner is overwhelmed with an impression of dynamics – a lot is going on in our country: numerous building sites, modernizations, renovations… moreover, everywhere one can meet energetic people who, despite typical Polish complaining, look optimistically into the future. A lot of good intentions can be felt, which – against the proverb – contribute to shared success. Cinders, which are mentioned in the word of wheeling and dealing, are nowhere to be seen. But why exactly are Germans so excited about Polish dynamics?

20 July 2015

An error in a financial statement may happen to any business unit. Often, errors will be revealed after the statement has been signed or even approved. According to the National Accounting Standard No. 7, all business entities are obliged to correct any error that has been revealed, regardless whether such errors pertain to the current trading year, or previous years.

13 July 2015

Business activity is continuously connected with foreseeing the future. It is exactly the future, and not the present conditions that decides about success of any enterprise. Whether the enterprise will turn out to be profitable and succeed on the market will result from its ability to foresee prevailing conditions on a widely understood market in the following years. What growth rate will be like, whether the branch of our interest will have to face aggressive competition, how consumer tastes and attitudes will change, in what legal environment we will have to function? Such questions can be multiplied endlessly. What therefore can we do to improve the quality of formulated economic forecasts, and, at the same time, to increase chances of achieving goals established before we start a business venture?

6 July 2015

This time, I would like to write a few words about fees that can be frequently encountered in hotel services branch. I mean fees connected with cancelling or “no show” and their calculation on the ground of value added tax (hereinafter referred to as VAT). I would like to draw your attention particularly to the so-called attrition fee, which is a fee for rooms that are booked but eventually not used.