Rachunkowość jednostek mikro według ustawy o rachunkowości
Accounting of micro units based on the Accounting Act

Summary/Abstract: The revised Accounting Act introduces significant simplification of accounting to a defined segment of micro entities. Some of the changes relate to the methods of valuing assets and liabilities. However, the most important changes concern the scope of the information required by financial statements. A significant reduction in the minimum number of synthetic accounts is a result of the reduction of elements of financial statements, as well as positions of the balance sheet and the income statement. Generally, the simplification should influence the reduction of costs accounting services as well as the cost of audit of financial statements.

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