The scope of disclosures of fair value measurement methods of financial instruments in financial statements of banks listed on the Warsaw Stock Exchan
The scope of disclosures of fair value measurement methods of financial instruments in financial statements of banks listed on the Warsaw Stock Exchan

Summary/Abstract: The fair value is one of the most significant of valuation categories. The reliable assessment of the value of assets and liabilities contributes to the accuracy and usefulness of information presented in financial statement, which is essential for capital market participants. The purpose of this article is to present research results related to fair value disclosure of financial instruments in consolidated financial statements of banks listed on Warsaw Stock Exchange. The author put special emphasis on analysing the impact of changes in the scope of required disclosures on financial statements in the years 2009 and 2013 implemented by the International Accounting Standards Board (IASB). Within this analysis the author attempts to assess and classify the level of disclosure of fair value among the consolidated financial statements of examined banking units. Additionally in the article, it has been also determined the range of fair value disclosures and general techniques of fair value valuation in compliance with the guidelines included in the International Financial Reporting Standards (IFRS).

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