Informacyjna rola bilansu w historycznej perspektywie
Informative function of the balance-sheet – a historical perspective

Summary/Abstract: In contemporary market conditions the role of accounting as an information system, and particularly the significance of financial reports which it generates for various users, is constantly increasing. Among financial statements the balance sheet has the longest history. It informs about assets and financial position of business entities. Balance sheet is a static account based on the balance method. It also is a periodic report which is now referred to as the product of the accounting system. It has evolved over many centuries in terms of both its content and form, which in consequence has led to improvement of its quality. The informative value of this financial statement has increased through seeking proper terminology and adequate methods of balance-sheet items measurement (appropriate to the forms of presentation) and preparation techniques. The article draws attention to the fact that Polish accounting theorists have made a substantial contribution in this particular area.

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