Reorientacja sprawozdań finansowych i systemu rachunkowości jako skutek wdrażania MSR
Reorientation of Financial Statements and the Accounting System as a Result of IAS Implementation

Summary/Abstract: The implementation from 1 Jan. 2005 of IAS and IFRS for the preparation of financial statements by public companies and groups based in Poland is a difficult process raising a number of new problems in various dimensions. This paper explains the attributes of new financial statements prepared under IAS and provides the analysis of the requirements laid down in several standards, which need for their successful implementation the information generated by management accounting, oriented to strategic management. This analysis as well as the experience of German companies, which adopted IAS and US GAPP in the 1990s for listing on NYSE, point to the need to develop management accounting (operational and strategic) in public companies and to integrate it with financial statement (financial accounting). The final part of the paper specifies the scope of the changes which should be carried out in public companies in Poland to ensure that IAS provisions are applied properly. The scope of changes presented in the paper should enable public companies to develop individual plans of changes in the accounting system, taking into account the state of the instruments used in management accounting (operational and strategic), and making use of information generation and communication technology.

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