RSM Poland


Entries from February 2020


24 February 2020
Katarzyna STENCEL

As we announced towards the end of 2019, after discussing a couple of topics on fixed assets and provisions, we will now start a series of articles on financial instruments. Adopting a practical point of view, we would like to explain how to identify financial instruments, and then measure them and present them properly. To this end, we will need the provisions of the Accounting Act (hereinafter: AA) or the Regulation on Detailed Rules of Recognition, Valuation Methods, Scope of Disclosure and Presentation of Financial Instruments (Journal of Laws, item 277) (hereinafter: RMFIF), but also, or rather most of all, International Financial Reporting Standards (IFRS), primarily including IFRS 9, but also IFRS 7, IAS 32 and IAS 39.

14 February 2020

The beginning of the year tends to bring a lot of changes that may affect your business operations and how you pay your taxes. If you fail to follow the new regulations or fail to comply with the new obligations, you may face severe penalties, and these should be avoided by preparing well in advance.

10 February 2020
Paulina PRUSIK

The consequences of applying the prudence principle and the matching principle involve recognising provisions and disclosing contingent liabilities. In practice, these areas stir a lot of controversy because of the danger of being subjective, so typical for any decision-making under uncertainty.

In line with IAS 37, provisions are liabilities and must have all the characteristics of liabilities as being a balance sheet item.

6 February 2020

As we have already mentioned in the previous article, any foreigner applying for a visa in order to perform work may submit a written statement on entrusting work registered by the labour office instead of a work permit.