Accounting in Focus
What is rarely talked about is the fact that Poland must also – in accountancy terms – do in a very short time what the current EU member countries have been doing for many years. Namely, Poland must move from a command economy, where accountancy was at a low level, to a market economy. This new economy will bring all the complexities of outside investors, outside currencies, borrowing, pricing, bargaining and a new system that has to somehow take account of all these things.
Under the old regime, the only thing that accountants were required to do was deal with tax issues. For this reason, fiscal considerations have historically dominated accountancy thinking in Poland, and continue to do so. But the collapse of the regime in 1991 led to the need to liberalize financial accounting practices and rethink how to take account of the real value of a company, both in financial and non-financial terms. How is Poland coping?
Read Speaking a common language and The directions of development of Polish accounting law to find out.
Under the old regime, the only thing that accountants were required to do was deal with tax issues. For this reason, fiscal considerations have historically dominated accountancy thinking in Poland, and continue to do so. But the collapse of the regime in 1991 led to the need to liberalize financial accounting practices and rethink how to take account of the real value of a company, both in financial and non-financial terms. How is Poland coping?
Read Speaking a common language and The directions of development of Polish accounting law to find out.
