Polityka rachunkowości, wartości szacunkowe oraz błędy z lat ubiegłych w świetle proponowanych i wprowadzo- nych zmian w KSR nr 7
Accounting policies, estimates and errors from previous years in the light of the proposed and introduced changes in the National Accounting Standard

Summary/Abstract: Every economic unit is required to describe accounting policy (accounting principles) which it uses. However, accepted and applied accounting policy does not guarantee that in the course of activity the adopted solutions for the bookkeeping and the presentation of the financial statements will not be changed by a unit itself or as a result of the changed regulations. The regulations, individual user requirements and a unit itself change over time. Therefore, it is important to know how to take changes in accounting policies in the bookkeeping and how to present the effects of the revised accounting policy in financial statements. The aim of this study is: • the analysis of changes in the National Accounting Standard No. 7 introduced by the amendment in November 2014, • the presentation of the essence, importance and controversy concerning the notion of accounting policy, • the illustration of the effects of changes in accounting policies, • the presentation of a method for the recognition of changes in accounting estimates, the correction of errors from previous years and the events after the balance sheet date.

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