Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting Models
In Polish professional literature the terms balance sheet policy (in German: bilanzpolitik) and accounting policy are commonly used. The problem raised by the author is defined by the fact that there exist at least a few perspectives of their meaning and their relations with each other. In some opin...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Economics and Human Sciences in Warsaw
2010-12-01
|
| Series: | Contemporary Economics |
| Online Access: | http://ce.vizja.pl/en/download-pdf/id/183 |
| _version_ | 1797430812158722048 |
|---|---|
| author | Rafał Grabowski |
| author_facet | Rafał Grabowski |
| author_sort | Rafał Grabowski |
| collection | DOAJ |
| description | In Polish professional literature the terms balance sheet policy (in German: bilanzpolitik) and accounting policy are commonly used. The problem raised by the author is defined by the fact that there exist at least a few perspectives of their meaning and their relations with each other. In some opinions balance sheet policy and accounting policy represent the same issues. In other opinions there appear differences between the two, however, there is no consensus as to the nature of the differences. The lack of clarity with regard to the explanation methods of balance sheet policy and accounting policy and their relations represents a research problem for theory and practice. The theory is required to codify the academic debate and systematize the terminology while in practice it is the management board that holds responsibility for a financial statement which is determined by accounting policy adopted by the entity. In this working paper the author has tried to point out the substance of balance sheet policy and accounting policy as well as to provide explanation of existing differences between them. Although the topic has already been discussed in professional literature, there have been no attempts to explain the substance of the two policies and their relations by making reference to their origin, ie. accounting approaches from which they evolved. |
| first_indexed | 2024-03-09T09:32:57Z |
| format | Article |
| id | doaj.art-7320049c324d48d79190e1833bba5120 |
| institution | Directory Open Access Journal |
| issn | 2084-0845 |
| language | English |
| last_indexed | 2024-03-09T09:32:57Z |
| publishDate | 2010-12-01 |
| publisher | University of Economics and Human Sciences in Warsaw |
| record_format | Article |
| series | Contemporary Economics |
| spelling | doaj.art-7320049c324d48d79190e1833bba51202023-12-02T03:06:09ZengUniversity of Economics and Human Sciences in WarsawContemporary Economics2084-08452010-12-01441291Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting ModelsRafał GrabowskiIn Polish professional literature the terms balance sheet policy (in German: bilanzpolitik) and accounting policy are commonly used. The problem raised by the author is defined by the fact that there exist at least a few perspectives of their meaning and their relations with each other. In some opinions balance sheet policy and accounting policy represent the same issues. In other opinions there appear differences between the two, however, there is no consensus as to the nature of the differences. The lack of clarity with regard to the explanation methods of balance sheet policy and accounting policy and their relations represents a research problem for theory and practice. The theory is required to codify the academic debate and systematize the terminology while in practice it is the management board that holds responsibility for a financial statement which is determined by accounting policy adopted by the entity. In this working paper the author has tried to point out the substance of balance sheet policy and accounting policy as well as to provide explanation of existing differences between them. Although the topic has already been discussed in professional literature, there have been no attempts to explain the substance of the two policies and their relations by making reference to their origin, ie. accounting approaches from which they evolved.http://ce.vizja.pl/en/download-pdf/id/183 |
| spellingShingle | Rafał Grabowski Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting Models Contemporary Economics |
| title | Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting Models |
| title_full | Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting Models |
| title_fullStr | Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting Models |
| title_full_unstemmed | Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting Models |
| title_short | Relations between Balance Sheet Policy and Accounting Policy in the Context of Different Accounting Models |
| title_sort | relations between balance sheet policy and accounting policy in the context of different accounting models |
| url | http://ce.vizja.pl/en/download-pdf/id/183 |
| work_keys_str_mv | AT rafałgrabowski relationsbetweenbalancesheetpolicyandaccountingpolicyinthecontextofdifferentaccountingmodels |