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Audit & assurance - page 9

RSM_Poland_Dyskontowanie_Leasingu

Discounting lease agreement step by step

10 January 2023
Klaudia GREC
In our articles about leasing, we have already written about the classification of leases on the balance sheet and the economic life of leased assets according to balance sheet law. On a few examples we have shown how to interpret the regulations in this area in order to have the most reasonable estimation. This time we will take a look at discounting cash flow related to the lease agreement and the relation between that cash flow and the market value of the lease object.
RSM_Poland_Leasing_Okres_Uzytecznosci

Economic life of leased assets according to balance sheet law

18 October 2022
Klaudia GREC
Under the balance sheet law, if lease was concluded for a period of more than 75% of the economic life of the leased asset, it should be recorded in the balance sheet as finance lease. How can the entrepreneur check if the lease they concluded meets this requirement and thus must be recognised accordingly in the books?
RSM_Poland_Leasing_W_Bilansie

Classification of leases on the balance sheet

5 October 2022
Klaudia GREC
Leasing is a unique form of business financing, where companies do not need to purchase the assets in order to use them. With the growing popularity of lease, many entrepreneurs are considering the pros and cons of this type of financing, also in the context of tax costs. What is very important yet often overlooked here is that your lease must be recognised on your balance sheet properly. What do you need to focus on?
RSM_Poland_Graphic_Kryptowaluta_W_Bilansie

Cryptocurrency on the balance sheet

19 January 2022
Not long ago, we had a look at the valuation of fixed assets for impairment, i.e. we briefly discussed the impairment test. The choice of this topic was due to the economic downturn in certain industries. Today, we are going to discuss another area of financial reporting, very popular in recent years, namely cryptocurrencies. How do you recognise and value these virtual assets in your financial statements?
RSM_Poland_Graphic_Books_of_Account

Books of Account in an enterprise: Monday reflections on selected problems of our time...

11 May 2021
Piotr STASZKIEWICZ
It has been a while since my last post on the principles of accounting, and yet, over this long time I have had a number of discussions about my last blog article that helped me collect so many responses and concerns from my readers that I can now revisit the issues I discussed back then, this time from a slightly different perspective.