Wyzwania współczesnej rachunkowości w zakresie translacji wartości ekonomicznych
Contemporary accounting challenges in the field of economic value translation

Summary/Abstract: The role and aims of the accounting system have been changing along with civilizational changes. Accounting as the oldest part of economic science arose when first communities started to evolve and cooperate. What is interesting, accounting in history and prehistory reveals the duality principle from the very beginning. Firstly accounting was the system of measuring the labor. Nowadays accounitng has evolved to the system of profit measurement. Thus the most important problem of the accounting system is a precise and objective valuation of economic values according to “true and fair view” concept. However, it is a very difficult task in the global, multiple-currency environment. The translation of goods and services’ prices, elements of the financial statements, compensations or GDP is the most current and important problem of contemporary accounting. The paper consists of two parts: criticism od currently obliging methods of translaction and the proposal of the new methods based on wage productivity parity.

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