RSM Poland
Languages

Languages

Blog: Julia GŁOWSKA

15 September 2020
Julia GŁOWSKA

When looking for information on the condition of the company, users of financial statements very often focus on analysing the balance sheet and the profit and loss account. However, not everyone knows that it is the cash flow statement that contains information about the actual cash position and the direction of cash flows in an organisation.

9 January 2020
Julia GŁOWSKA

Each economic entity has at least one component of a tangible fixed asset – a mobile phone, a car, or real estate. In this case, size does not matter. Since it is such a common item on the balance sheet, tangible fixed assets require a separate standard, which accurately regulates the manner of their recording in the financial statements so that users of the annual report can easily become aware of the investments of the individual in tangible fixed assets. One such standard is International Accounting Standard 16 (hereinafter: IAS 16), according to which most listed companies that are public interest entities (PIE) must report.