Business, Management and Accounting
5 years ago

Changes in Polish balance sheet law revolutionize company management practices.

Research in World Economy
The Effect of the Change in the Balance Sheet Law in 2014-2018 on Management of Companies in Poland
Jolanta Chluska

Paper Summary

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The article examines how changes in accounting laws in Poland from 2014 to 2018 impact how companies manage their finances. By analyzing literature and legal documents, the researchers found that these changes influence how companies report their financial information. While companies can simplify their accounting practices, they must ensure that these changes do not negatively affect their financial decisions. Accurate financial data is crucial for effective business management, and managers must carefully consider any simplifications they make in their accounting practices.