RACHUNKOWOŚĆ W PRAKTYCE: ZASADY RACHUNKOWOŚCI, SPRAWOZDANIE FINANSOWE, TEORIE WYCENY MAJĄTKU
ACCOUNTING IN ACTION: ACCOUNTING PRINCIPLES, FINANCIAL STATEMENT AND ASSETS PRICING THEORY

Summary/Abstract: This study was conducted to get some clarity in understanding how money works in the world: how someone manages to earn or make it, how he/she invests it (turn it into more) and how that person donates it to help others. The study also investigates the measurement, processing of financial information about economic entities such as businesses and corporations or the importance of “language of business” because it communicates financial and economic facts about a business for all sorts of interested parties both internal and external. Itʼs important to take into the consideration the ancient history of „language of business” – accounting that covered the period between 450 and 500 BC. Some researches show that the professional skills in accounting and mathematics can lead to the disclosure some internal and external secrets of Accounting Principles, the common set of which is the generally accepted accounting principles (GAAP) divided by Bierman and Drebin into three different branches: assumptions about the world, operating conventions and quality considerations for the purposes of true income determination in the financial statements. It is observed that the financial statements published by a company at the end of every financial year serve three purposes: they inform, hey help control and they help plan. Reliable financial statements provides less biased performance measures and market efficiency also improved because transparent disclosure of accounting information reduced information asymmetry at lower cost which effects market performance. The purpose of this study is also to determine the asset pricing theory (CAPM). The usefulness of the research is expected to develop knowledge and solve problem using some formulas of CAPM.

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