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The RSM Poland Blog is a practical guide to taxes and business. We would like to use it as a tool for communicating some of the most interesting tax and economic topics, discussing issues related to incorporation and organisation of companies, touch on transfer pricing and reporting in accordance with Polish and international standards, as well as to study other key notions commonly related to running and managing a business.

Feel free to follow our posts, comment and ask questions.

RSM Poland Blog” is a magazine entered into the Register of Newspapers and Magazines under no. RPR 3381 of the District Court in Poznań, I Civil Department.
The publisher: RSM Poland Audyt S.A.
The publisher’s and the editor’s address: Droga Dębińska 3b, 61-555 Poznań
Editor-in-chief: Izabela WOŹNIAK izabela.wozniak@rsmpoland.pl 

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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.

17 March 2020
Agnieszka CZARNECKA

Choosing the place where you will start your professional career is one of the most important decisions in your life, so you should really be thoughtful and gather as much information about your prospective employer as possible. If you are currently considering taking a job with RSM Poland and you are wondering what the recruitment process looks like, I invite you to read this article. I will be more than happy to provide you with some details of the recruitment process and explain what you should expect at each end every stage.

13 March 2020
Krzysztof CIESIELSKI

Contrary to what it may seem and what people usually think, there are different ways of financing transactions. Most entrepreneurs I work with say that cash is the source of funding. Sellers tend to assume that the buyer opts for this form of funding the deal. And indeed, it is the most popular method of payment in a transaction between the parties involved; however, it is good to know that cash is not the only option the buyer has in a transaction.

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.

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
Anna JELIŃSKA

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.

20 January 2020
Monika SKÓRKA

An audit of public interest entities (PIE) is regarded as a high-risk audit not without reason. The higher requirements – which must be met by the audited companies, as well as their auditors – mainly arise from the fact that information in financial statements and in reports of an expert auditor may directly translate into share prices and, for smaller investors, is often the only source of data about a listed company.

16 January 2020
Tomasz BEGER

There has been a lot of talk about changes in transfer pricing regulations over the last 3 years.

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