Directions of changes in SME accounting in accordance with the amended Accounting Act
Directions of changes in SME accounting in accordance with the amended Accounting Act

Summary/Abstract: In recent years the EU institutions have taken up efforts aimed at the simplification of principles regarding keeping the accounts. On 18 December 2008 the European Parliament adopted the resolution covering accounting requirements which refer to small and medium enterprises and mainly microenterprises, following which it decided that the existing EU regulations, in terms of accounting principles, frequently remain quite arduous for small and medium enterprises and especially for microenterprises. As a result of several years lasting efforts on 26 June 2013 the Directive of the European Parliament and the Council No. 2013/34/EU was adopted and implemented in the Polish legislation in the form of enforced and planned amendments to the Accounting Act.

• Details
• Contents