Przepływy pieniężne jako szczególny obszar integracji rachunkowości finansowej i rachunkowości zarządczej
Cash flows as a specific area of integration of financial accounting and management accounting

Summary/Abstract: Globalization of financial markets, the movement of capital and growing conception and transaction risk force business entities to continually adapt to changing business conditions. Financial accounting and management accounting are two distinct areas, differing in terms of instruments and methodology employed as well as the approaches as concepts used. Currently we are witnessing an advancing process of integration of financial and management accounting. There is a growing need to generate and use information combining the ex post and ex ante perspectives, with a reoriented time focus and enhanced information usefulness contributing to and maintaining the effective functioning of value chains. At present attention is mainly focused on effective value management. It is the need to efficiently maximize the company’s value, satisfy the shareholders and ensure the implementation of strategic goals that has boosted the importance of financial and management accounting integration. The aim of this article is to identify the main aspects and factors affecting the intensity and management accounting integration, with a particular focus on cash flows. The choice of cash flows as an indicator of the need to integrate these two areas was targeted at presenting the scale of demands, irreversibility and problems in the realization of this process, although it might seem that there is no category in the entire field of accounting more objective than money.

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