Koncepcja prawdziwego i rzetelnego obrazu w systemie rachunkowości jednostki
A true and fair view in company accounts

Summary/Abstract: Accounting is a universal system for the identification, registration, measurement and presentation of economic and financial information. The final product of accounting is a financial statement, which is the most important source of information about the financial position and financial performance of an entity that is useful to a wide range of users in making economic decisions. The financial statement can fulfil its role and be utility for their users if it is made in accordance with the true and fair view. This paper presents the issue and significance of true and fair view in company accounts. The author also presents a sphere of risk associated with the implementation of this concept in financial reporting.

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