Przychody jako kategoria prawa bilansowego
Incomes as a category in the accounting law

Summary/Abstract: Income is one of the most important financial categories in entity's operations. The financial result and profitability often depend on income. The Polish Accounting Act and IAS 18 define income in a very similar way. The main difference is that in Polish regulations it is stressed that economic benefits should be properly substantiated. IAS 18 prescribes that income should be measured at the fair value of the payment received or due. In 2008 the IASB issued a discussion paper addressing the problem of income recognition. This is a joint project of IASB and FASB, one of the priorities in the convergence plan, which should be completed by 2011.

• Details
• Contents