Wycena środków trwałych w aspekcie profesjonalizmu osób świadczących usługi rachunkowości
Valuation of fixed assets and accountants’ professionalism

Summary/Abstract: Valuation of fixed assets is a process (for financial-statement purposes) of measuring using monetary terms. Its objective is to value every item being under entity’s control. Because relevance and faithful representation is the most important qualitative characteristic, accounting legislation does not go into details giving entities a possibility to make their own valuation decisions. Freedom that was given to accountants means that the profession was granted with trust in order to serve true and fair view. Because of the above financial statements’ faithful representation depends on professionalism of accountants, among others high ethical standards.

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