Wpływ rozbieżności między wynikiem liczonym metodą memoriałową i kasową na wycenę rynkową przedsiębiorstw
The effect of divergence between results calculated on an accrual basis and cash basis for market valuation of companies

Summary/Abstract: The article focuses on the profit and loss account, which increasingly contains the records that are not a reflection of actual operations, but for example the valuation of balance sheet items. Only selected elements of unreal operations that have an impact on the financial result are described, namely a problem of valuation by fair value and the principles of provisioning and accruals. Therefore, the results calculated on an accrual basis are increasingly different from the results calculated on a cash basis in the statement of cash flows. The purpose of the study described in the article is to check the correlation between the market value of the company and the degree of divergence between the results calculated on an accrual basis and on a cash basis. The study was carried out on the basis of a random sample of 20 companies whose shares are listed on the Warsaw Stock Exchange.

• Details
• Contents