Możliwe kierunki zmian sprawozdawczości finansowej banku centralnego w Polsce
Possible directions of changes in the financial reporting of the central bank in Poland

Summary/Abstract: Purpose: The article identifies the directions of changes in the financial reporting of the central bank in Poland. It presents the bank's financial reporting at the turn of the 20th and 21st centuries and the possible directions of its evolution. Methodology/approach: The considerations were based on a critical analysis of a literature review, analysis of the financial reporting of the central bank, including an individual case study of the National Bank of Poland (NBP), methods of logical reasoning, as well as observations and the authorsʼ many years of experience. Findings: The analysis indicates the evolution of the financial reporting of the NBP and its greater openness to disclosing information. Financial reporting should go towards integrity and complementarity with other bank reports to meet the expectations of a growing group of stakeholders. This means that its accounting should be more accessible (egalitarianism of accounting), and the financial reporting should aim at an effective narrative construction. Technological progress makes it possible to create a dual financial reporting system (hybrid accounting). Hybrid accounting, as well as supplying financial reporting with information from other sources (statistics, economic analyzes), would lead to the creation of differentiated financial reporting (mosaic reporting). In the bank's future financial reporting, there is also space for stakeholder-co-created participatory accounting and the introduction of the on-demand reporting concept (individualized reporting). Its applica-tion would be an expression of the democratization of accounting. The aim of changes in financial reporting would be to obtain a holistic picture of the central bank. Originality/value: The elaboration is an innovative study on the financial reporting of the central bank and possible directions of its changes. The presented ideas for financial reporting are applicative and can be used by a central bank to improve its financial reporting.

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