RSM Poland
Languages

Languages

Audit & Accountancy

Asset measurement during a state of epidemic and economic slowdown. Part 3.

20 July 2020
Piotr STASZKIEWICZ
As I mentioned in my previous article on Asset measurement in a state of epidemic and economic slowdown, the measurement should be careful when it comes to right-of-use assets (i.e. leased assets, as they are popularly called), all the more so since an amendment to IFRS 16 has been in force for more than a month now.

Activity-Based Costing

1 July 2020
Marzena WASSIELEWSKA
When complex manufacturing processes make cost accounting insufficient as a source of information for decision making purposes, it is a good idea to opt for activity based costing (ABC). This concept is more than just calculating a unit cost; it is about monitoring the costs of processes and activities in an organisation.

Asset measurement during a state of epidemic and economic slowdown. Part 2.

15 June 2020
Piotr STASZKIEWICZ
In the previous article, I focused on asset measurement at fair value in the times of economic recession, uncertain future of companies and limited information exchange in the context of IFRS 13 assumptions. What about the measurement of assets to which IFRS 13 does not apply? Contrary to what you may think, there are quite a few of them.

Asset measurement during a state of epidemic and economic slowdown. Part 1

8 June 2020
Piotr STASZKIEWICZ
We have recently written a lot about financial instruments: their definition, classification, measurement, impairment, etc. Since all this remains relevant and topical, we will soon be publishing a Q&A with the most frequently asked questions and explain the different aspects of financial instruments that keep baffling our readers. Today, however, partly due to functioning in a state of epidemic and partly because I want to continue with the topic of impairment of assets (receivables), I decided to focus on the measurement of balance sheet items at fair value.

Donations and the CIT tax relief

1 June 2020
Katarzyna KOZIOROWICZ
More and more businesses decide to build their future taking into account the Corporate Social Responsibility – CSR, which certainly works for the benefit of the company image. One of the ways to support local communities may be a donation. If certain conditions are met, a legal person making an in-kind or cash donation may claim an income tax relief. Let’s check then if helping may indeed pay off.

Financial instruments – the devil is not so black? Part 5.

4 May 2020
Aleksandra SYSIAK
Coming back to the topic of financial instruments, I present below – in the form of questions and replies – a set of crucial related issues.

Accounting - an obligation of every entrepreneur

28 April 2020
Anna MAJ
Every entrepreneur running a business activity is obliged to record all transactions they make in their company. The way in which they will keep accounts depends on the form of the business and the annual income achieved.

Financial instruments – the devil is not so black? Part 4

23 April 2020
Katarzyna STENCEL
After the introduction to financial instruments under Polish and international law, exploring the subject of classification and measurements of debentures, analysing the initial recognition of financial instruments in the account books and their classification in compliance with the new IFRS 9 guideline, it is time to discuss hedge accounting.

Financial instruments – something to be scared of? Part 3.

31 March 2020
Aleksandra SYSIAK
In the previous post we focused on describing and defining various financial instruments under Polish and international balance sheet accounts regulations, as well as the correct classification of debentures. In this article we will take a closer look at the initial recognition of these instruments and their classification in compliance with IFRS 9 guidance.

Financial instruments: the devil is not so black? Part 2.

11 March 2020
Piotr STASZKIEWICZ
In one of our latest articles we have presented several of the most popular financial instruments, both simple and more complex. As auditors, we quite often see doubts concerning their disclosures and measurement, and it is not just about the most popular ones like e.g. futures, finance lease or loan agreements, but also about those less common in business practice, like e.g. debt securities convertible into common shares, bonds and call options for shares of another entity.

Pages

Blog - Autorzy

Anna MAJ (1)
Ewa PYTEL (1)