Regulacje polskiego prawa bilansowego w zakresie instrumentów finansowych
Financial instruments in Polish accounting law regulations

Summary/Abstract: The objective of this article is to present issues connected with recognition and measurement of financial instruments in Polish law regulations, that is facing the international accounting standards' harmonization. The Polish Accounting Act and the Ministry of Finance Degree dated 12 December 2001 on detailed rules for recognition, measurement, disclosure and presentation of financial instruments are the main regulations in this area, Both the Accounting Act and the Ministry of Finance Decree were prepared with regard to regulations presented in IAS 32 „Financial Instruments: Disclosure and Presentation" and IAS 39 „Financial Instruments: Recognition and Measurement". The concept of financial instruments in accountancy is presented in the beginning of this article and is fołlowed by the explanation of new defimtions presented in Amendments to the Accounting Act dated 9 November 2000. Additionally this article portrays financial instruments components and sets examples from economic reality of each of them. The next subject is the financial instruments classiflcation displaying the repartition considering the contracts' structure and the purchase purpose. The problems connected with the financial instruments measurement in the accountancy were also presented in this article. The readers attention was particularly called to the Polish new regulations, that is mainly the idea of fair value or depreciated cost used in financial instruments measurement. The issues mentioned in this article undergo constant changes hence IAS regulations are constantly brought up to date. The work over complex standard considering those problems is still in progress.

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