Managers of enterprises under court restructuring as users of financial statements
Purpose: The objective of the article is to define the reasons and conditions for the use of financial statements by managers of enterprises undergoing court restructuring processes.Methodology/approach: The study consists of an analysis of legal regulations, a literature review and empirical resear...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Rada Naukowa SKwP
2023-09-01
|
| Series: | Zeszyty Teoretyczne Rachunkowości |
| Subjects: | |
| Online Access: | http://ztr.skwp.pl/gicid/01.3001.0053.7693 |
| _version_ | 1797680205423181824 |
|---|---|
| author | Kinga Bauer |
| author_facet | Kinga Bauer |
| author_sort | Kinga Bauer |
| collection | DOAJ |
| description | Purpose: The objective of the article is to define the reasons and conditions for the use of financial statements by managers of enterprises undergoing court restructuring processes.Methodology/approach: The study consists of an analysis of legal regulations, a literature review and empirical research conducted on a sample of 109 specialists in restructuring and bankruptcy. The author used her own questionnaire for the empirical research. Statistical methods were used to develop the research results, in particular, the basic statistical parameters that describe the research sample were determined. The Kruskal-Wallis test was conducted to examine the differences between the results in the different groups of respondents.Findings: The legal regulations emphasize the need for managers of enterprises undergoing court restructuring to use financial statements. The research results indicate a positive assessment of managers’ accounting knowledge, which is essential when using information from financial statements. The respondents also positively assessed the significance of all the qualitative features of financial statements when managers of court restructuring enterprises use them to make decisions. Research limitations/implications: The informational role of accounting in judicial restructuring processes is an extensive subject matter; therefore, the research was limited to one stakeholder group, i.e., managers. Another limitation is the relatively small population of enterprises undergoing these processes and, as a result, the small population of specialists in this field.Originality/value: The research is an attempt to fill the research gap regarding the needs and possibilities of using information from financial statements by managers of enterprises undergoing judicial restructuring. |
| first_indexed | 2024-03-11T23:26:20Z |
| format | Article |
| id | doaj.art-1c2857773a0a43f5beab6544fbd6e7ad |
| institution | Directory Open Access Journal |
| issn | 1641-4381 2391-677X |
| language | English |
| last_indexed | 2024-03-11T23:26:20Z |
| publishDate | 2023-09-01 |
| publisher | Rada Naukowa SKwP |
| record_format | Article |
| series | Zeszyty Teoretyczne Rachunkowości |
| spelling | doaj.art-1c2857773a0a43f5beab6544fbd6e7ad2023-09-20T11:12:22ZengRada Naukowa SKwPZeszyty Teoretyczne Rachunkowości1641-43812391-677X2023-09-01473113410.5604/01.3001.0053.769301.3001.0053.7693Managers of enterprises under court restructuring as users of financial statementsKinga Bauer0Uniwersytet Ekonomiczny w Krakowie Katedra RachunkowościPurpose: The objective of the article is to define the reasons and conditions for the use of financial statements by managers of enterprises undergoing court restructuring processes.Methodology/approach: The study consists of an analysis of legal regulations, a literature review and empirical research conducted on a sample of 109 specialists in restructuring and bankruptcy. The author used her own questionnaire for the empirical research. Statistical methods were used to develop the research results, in particular, the basic statistical parameters that describe the research sample were determined. The Kruskal-Wallis test was conducted to examine the differences between the results in the different groups of respondents.Findings: The legal regulations emphasize the need for managers of enterprises undergoing court restructuring to use financial statements. The research results indicate a positive assessment of managers’ accounting knowledge, which is essential when using information from financial statements. The respondents also positively assessed the significance of all the qualitative features of financial statements when managers of court restructuring enterprises use them to make decisions. Research limitations/implications: The informational role of accounting in judicial restructuring processes is an extensive subject matter; therefore, the research was limited to one stakeholder group, i.e., managers. Another limitation is the relatively small population of enterprises undergoing these processes and, as a result, the small population of specialists in this field.Originality/value: The research is an attempt to fill the research gap regarding the needs and possibilities of using information from financial statements by managers of enterprises undergoing judicial restructuring.http://ztr.skwp.pl/gicid/01.3001.0053.7693restructuringinsolvencythreat of insolvencyqualitative features of financial statementsgoing concernmanager |
| spellingShingle | Kinga Bauer Managers of enterprises under court restructuring as users of financial statements Zeszyty Teoretyczne Rachunkowości restructuring insolvency threat of insolvency qualitative features of financial statements going concern manager |
| title | Managers of enterprises under court restructuring as users of financial statements |
| title_full | Managers of enterprises under court restructuring as users of financial statements |
| title_fullStr | Managers of enterprises under court restructuring as users of financial statements |
| title_full_unstemmed | Managers of enterprises under court restructuring as users of financial statements |
| title_short | Managers of enterprises under court restructuring as users of financial statements |
| title_sort | managers of enterprises under court restructuring as users of financial statements |
| topic | restructuring insolvency threat of insolvency qualitative features of financial statements going concern manager |
| url | http://ztr.skwp.pl/gicid/01.3001.0053.7693 |
| work_keys_str_mv | AT kingabauer managersofenterprisesundercourtrestructuringasusersoffinancialstatements |