| Autor: Stanisław Hońko, Tomasz Kufel | 117 |
Strony: 117-130
pełen tekst
THE IMPACT OF PROVISIONS ON THE FINANCIAL CONDITION AND ASSETS OF WIG-20 COMPANIES
Summary
Creation of provisions is inevitably based on subjective estimates, which requires explanation of the company’s accountancy principles in this field. The authors have made an attemt to evaluate how the provisons are presented and what their relevance is, based on the financial reports of top twenty companies listed on the Warsaw Stock Exchange. The evidence from the research suggests that: 1) the companies usually limit themselves to creating provisions for deferred income taxes and pension benefits, 2) the information about their policies on reserves and provisions is insufficient.
pełen tekstTHE IMPACT OF PROVISIONS ON THE FINANCIAL CONDITION AND ASSETS OF WIG-20 COMPANIES
Summary
Creation of provisions is inevitably based on subjective estimates, which requires explanation of the company’s accountancy principles in this field. The authors have made an attemt to evaluate how the provisons are presented and what their relevance is, based on the financial reports of top twenty companies listed on the Warsaw Stock Exchange. The evidence from the research suggests that: 1) the companies usually limit themselves to creating provisions for deferred income taxes and pension benefits, 2) the information about their policies on reserves and provisions is insufficient.