Purpose: The objective of this article is to evaluate the quality of the presented content concerning the impact of the COVID-19 pandemic on continuing activities of selected companies listed in Warsaw Stock Exchange. Design/Methodology/Approach: In the first part we applied critical review of subject literature and the monographic method. In the second part, the content analysis method was used, and the basic source material were the financial statements-annual for 2019 and interim for 2020. Findings: Research demonstrates that disclosures of events following the balance sheet date did not allow users of financial statements to assess the risk associated with the impact of COVID-19. Some companies completely ignored the risk related to the pandemic in their financial statements, and in some cases the scope of disclosures is symbolic. Practical Implications: Indicating the gap between the expected and actual scope of disclosures regarding the consequences of the pandemic in financial statements, which are the primary source of information about a listed company that are further authenticated by an auditor. Originality/value: Demonstration of the insufficient level of disclosures regarding the impact of the pandemic on the financial condition and performance of the entities audited, including a lack of numerical analyses of its impact on the entity's ability to continue operations, and the valuation of its assets and liabilities.
Wycena i ujęcie w rachunkowości produktów gotowych i półproduktów związanych z produkcją e-liquidów do e-papierosów ......
Streszczenie: Cel -Analiza wykrytych przez organ nadzoru nieprawidłowości w zakresie utraty wartości aktywów w sprawozdaniach finansowych spółek giełdowych oraz nałożonych w związku z nimi kar. Metodologia badania -Artykuł składa się z trzech części. Pierwsza z nich zawiera przegląd literatury dotyczącej utraty wartości w sprawozdaniach finansowych spółek giełdowych. W tej części zastosowano przede wszystkim metodę monograficzną. Druga i trzecia część tekstu ma charakter empiryczny i powstała na podstawie raportów Komisji Nadzoru Finansowego. W tych częściach posłużono się metodą analizy materiałów źródłowych. Wynik -Występowanie licznych nieprawidłowości w zakresie utraty wartości aktywów nie spowodowało nałożenia kar na wiele podmiotów. Należy podkreślić, że nieprawidłowości dotyczą braku aktualizacji wartości aktywów oraz nieodpowiedniego ujawnienia, przy czym niewiele kar jest nakładanych za niedostateczny zakres informacji w zasadach (polityce) rachunkowości i w notach uzupełniających. Oryginalność/wartość -W literaturze wiele uwagi poświęca się zagadnieniu utraty wartości. Niewiele badań ma charakter empiryczny, a artykuły poświęcone stwierdzonym nieprawidłowościom i karom w obszarze utraty wartości aktywów na polskim rynku kapitałowym nie są rozpowszechnione. Artykuł uzupełnia tę lukę.Słowa kluczowe: utrata wartości aktywów, MSR/MSSF, Komisja Nadzoru Finansowego, nieprawidłowości w sprawozdaniach finansowych Wprowadzenie Na emitentów papierów wartościowych dopuszczonych do obrotu na rynkach regulowanych nakłada się coraz więcej obowiązków informacyjnych, w tym również w zakresie sprawozdawczości finansowej. Podmioty te są objęte szczególnym nadzorem, obejmującym analizę informacji ujawnianych w sprawozdaniach finansowych (por. Ustawa, 2006). W Polsce nadzór ten sprawuje Komisja Nadzoru Finansowego (KNF) (Ustawa o nadzorze, 2005, art. 7, ust. 1 pkt 2), z uwzględnieniem wymagań określonych przez dyrektywy
The aim of the paper is to examine whether their profession is a source of satisfaction for Polish accountants. The study used the results of a nationwide survey by the accountants association in Poland "2017 accountants' portrait". As it results from more than 2,500 responses by accountants, over three quarters of respondents assess their own job satisfaction highly. The image of an accountant satisfied with their job does not match the stereotypical perception of this profession. The respondents' answers indicate that the level of satisfaction is related to the position held and the remuneration received. The perception of accountants as "generators of additional costs" or "business impediments" is also significant, which can lower satisfaction with working in accounting. The paper employs methods of a source analysis and a diagnostic survey. The data collected in the survey was analysed using simple statistical methods and was appropriately presented.
The COVID-19 pandemic has strongly affected the economic situation of many countries, which is worth considering not only globally but also in the context of specific industries. An asset that is particularly sensitive to negative economic changes is goodwill. The aim of this study is to assess the impact of the pandemic on the quality of financial disclosures concerning goodwill in consolidated financial statements of groups of chosen strategic sectors in Poland. We investigated the implications of the pandemic on the frequency and scale of goodwill impairment in relation to 23 companies listed on the Warsaw Stock Exchange from the Energy, Mining, and Fuel Index. We identified the research gap in this area. For the purposes of this study, two research hypotheses were formulated: (H1) during the COVID-19 pandemic, there has been a slight improvement in the quality of goodwill disclosures in the consolidated financial statements of groups in the energy, fuel, and mining sectors; (H2) The COVID-19 pandemic caused a decrease in goodwill due to impairment losses in the consolidated financial statements of groups in the energy, fuel, and mining sectors. The hypotheses were verified on the basis of the above research sample. In order to verify the first hypothesis, we tested 81 consolidated financial statements for the years 2018–2021 based on a self-developed index of the quality of disclosed information. To verify the second hypothesis, we analyzed the frequency and scale of the estimated loss of goodwill during the COVID-19 pandemic and its impact on the deterioration of the financial condition of the same research sample. The conducted research shows that the quality of disclosures regarding the goodwill in the examined sample has changed slightly. Contrary to our expectations, the pandemic did not materially reduce the value of goodwill. This means that the first hypothesis was verified positively, while the second hypothesis had to be rejected.
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