The management’s report in the light of the international and national regulations on financial reporting
The management’s report in the light of the international and national regulations on financial reporting

Summary/Abstract: The paper describes the significance of an important element of the economic entity’s annual report, that is, the management’s report. This is because the management’s report constitutes a significant complementation and elaboration on the annual financial statements. In the paper the scope of management commentary is presented in light of the so-called practice statement of the International Accounting Standards Board. The requirements related to the annual report provided in the Fourth Council Directive are also quoted. The content of the report on entity’s activities specified in the Polish Accounting Act isdiscussed against this background. The significance of the management’s report as a source of the information on the activities and achievements of anenterprise in afinancial year as well as forecasts and plans for the future is also proved.

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