Pomiar i komunikowanie wartości ekonomicznej operacyjnego majątku trwałego w systemie rachunkowości – ujęcie teoretyczne, studia przypadków, model
Measurement and communication of the operational fixed assets economic value in the accounting system - theoretical approach, case studies, model

Author(s): Marcin Michalak
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: economic value, operational fixed assets; fixed assets impairment; accounting system; enterprise value; IAS 36
Summary/Abstract: The monography explains the essence and significance of the "economic value" measure against the background of the strategic enterprise value management process in the sphere of investing in operating fixed assets (OFA), as well as the role of the accounting system in ensuring the effective and efficient implementation of this process, including communication of information on the economic value of the analyzed group of assets for the purposes of management and financial reporting. Economic value integrates several problem dimensions undertaken in the study. As a measure reflecting the overarching goal of the entity, it integrates: 1) the goals of investors and the goals of managers, 2) subsystems of management and financial accounting, as well as the process of investing in OFA with the process of enterprise’s value creation. This meets the demand for a managerial approach and value orientation in modern financial reporting. The monography presents a broad theoretical analysis of the subject matter, supported by the results of literature research and the author's own empirical research, including two case studies. The above-mentioned approaches were used in the last part of the monography to formulate assumptions and develop an accounting system model oriented to measuring and communicating the economic value of OMT, integrating the managerial perspective and the financial reporting perspective. The presented content and proposed model can be used to develop systems for measuring the economic value of OMT in economic practice, including for the purposes of measuring the impairment of fixed assets according to the National Accounting Standard No. 4 and the International Accounting Standard No. 36 (IAS 36).

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