Jakość informacji o wartościach niematerialnych prezentowanych w sprawozdaniach finansowych spółek telekomunikacyjnych
Quality of information about intangible assets presented in the financial statements of telecommunications companies

Summary/Abstract: The article is dedicated to the quality of reported financial information about intangible resources. The qualitative characteristics of useful financial information according to the Conceptual Framework for Financial Reporting, requirements for recognition of an item as an intangible asset and disclosures in this area were presented. In order to verify the quality of reported information, the financial statements of selected Polish entities were analyzed. Research shows that the majority of entities fulfill obligations imposed by the law regulations, though they do not take care over providing the high quality information. Information in financial statements does not meet two main qualitative characteristics of financial information − usefulness and faithtful representaition. Aggregate groups of intangible assets do not provide much useful information about intangible resources of enterprises. Faithful representation is disturbed by restrictive principles for recognition and errors in the classification and valuation of intangible assets. Therefore the balance sheet does not reflect real financial situation of an entity. The change of this situation requires improving law regulations and enhancing motivation of firms for presenting reliable and comprehensive financial information.

• Details
• Contents