IFRS valuation models vs. business entities‘ practice – a case of Polish publicly traded enterprises
IFRS valuation models vs. business entities‘ practice – a case of Polish publicly traded enterprises

Author(s): Aleksandra Sulik-Górecka, Marzena Strojek-Filus, Ewa Wanda Maruszewska
Subject(s): Business Economy / Management, Evaluation research, Accounting - Business Administration
Published by: Masarykova univerzita nakladatelství
Keywords: financial reports’ valuation; accounting models for measurement; earnings management; Polish accounting practice;
Summary/Abstract: Disclosure of information about the economic situation including description of assets, liabilities, and equity structure, as well as results of financial performance compose an inherent part of the obligations imposed on contemporary enterprises, especially those whose shares are publicly traded. In order to fulfill the duties, entities must organize bookkeeping procedures; inter alia make decisions regarding valuation models and techniques. From the point of view of stakeholders (investors among them), the above is of crucial importance as faithfulness and relevance of financial reporting depend on the proper decisions in the field of valuation techniques reflecting the results of economic phenomena that it purports to represent. The main aim of the paper is to compare valuation models and techniques encompassed into International Financial Reporting Standards with Polish local accounting norms in the scope of measurement regulations. The meta-analysis of previous studies was conducted in order to present differences between valuation models as well as problems already stated by researchers. Furthermore, the objective of the study conducted is to analyze Polish enterprises’ preferences in the domain of assets and liabilities valuation models. The material for the study comprises of financial reports of the biggest Polish publicly traded companies that are incorporated into WIG 30 index.

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