Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange
<p>The article shows the impact of new rules of presenting financial statements on the usefulness of information. For that purpose financial statements for 2009 and 2011 of selected companies listed on Warsaw Stock Exchange were examined. The results showed that the changes implemented in Inte...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2013-09-01
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| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/1805 |
| _version_ | 1797715230341464064 |
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| author | Edyta Winnicka |
| author_facet | Edyta Winnicka |
| author_sort | Edyta Winnicka |
| collection | DOAJ |
| description | <p>The article shows the impact of new rules of presenting financial statements on the usefulness of information. For that purpose financial statements for 2009 and 2011 of selected companies listed on Warsaw Stock Exchange were examined. The results showed that the changes implemented in International Accounting Standard 1 (the introduction of comprehensive income) did not have an influence on the usefulness of information. As the reports of the companies are unclear, it is impossible to compare them, which results in an increase in the costs of information processing of their recipients. The analysis of comprehensive income concept showed that comprehensive income is not a good measure for the evaluation of investment.</p> |
| first_indexed | 2024-03-12T08:03:50Z |
| format | Article |
| id | doaj.art-55420aeb150e4bd9ab06975f8bef5ccc |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T08:03:50Z |
| publishDate | 2013-09-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-55420aeb150e4bd9ab06975f8bef5ccc2023-09-02T19:41:42ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652013-09-012116918910.12775/CJFA.2013.0121674Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock ExchangeEdyta Winnicka0Nicolaus Copernicus University in Toruń<p>The article shows the impact of new rules of presenting financial statements on the usefulness of information. For that purpose financial statements for 2009 and 2011 of selected companies listed on Warsaw Stock Exchange were examined. The results showed that the changes implemented in International Accounting Standard 1 (the introduction of comprehensive income) did not have an influence on the usefulness of information. As the reports of the companies are unclear, it is impossible to compare them, which results in an increase in the costs of information processing of their recipients. The analysis of comprehensive income concept showed that comprehensive income is not a good measure for the evaluation of investment.</p>https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/1805comprehensive incomefinancial reportinginternational accounting standards |
| spellingShingle | Edyta Winnicka Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange Copernican Journal of Finance & Accounting comprehensive income financial reporting international accounting standards |
| title | Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange |
| title_full | Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange |
| title_fullStr | Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange |
| title_full_unstemmed | Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange |
| title_short | Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange |
| title_sort | changes in ias 1 and the practices of selected companies listed on the warsaw stock exchange |
| topic | comprehensive income financial reporting international accounting standards |
| url | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/1805 |
| work_keys_str_mv | AT edytawinnicka changesinias1andthepracticesofselectedcompanieslistedonthewarsawstockexchange |