Open AccessA new balance sheet perspective. Cognitive and analytical value – case study
Author(s) -
Marzena Remlein,
Małgorzata Rówińska-Král’
Publication year - 2020
Publication title -
zeszyty teoretyczne rachunkowości
Language(s) - English
Resource type - Journals
eISSN - 2391-677X
pISSN - 1641-4381
DOI - 10.5604/01.3001.0014.3600
Subject(s) - balance sheet , equity (law) , scope (computer science) , actuarial science , originality , empirical research , economics , accounting , business , computer science , sociology , social science , mathematics , political science , qualitative research , statistics , law , programming language
The balance sheet is seen as an important element of the financial statement with the largest scope of information, enabling the assessment of the property and financial standing of each company. The resultsof the financial analysis based on the information of the balance sheet are used by both external stake-holders and the management. However, there are no considerations regarding the structure and substan-tive scope of individual balance sheet items. The authors notice this problem and try to solve it. Theresearch problem of this paper relates to how assets, equity, and liabilities are presented in the balance sheet, as well as their cognitive value. The aim of the paper is to present the cognitive and analyticalvalues of the author's concept of presenting assets, equity, and liabilities in the balance sheet. In the theo-retical part, a literature review was carried out, while in the empirical part, the case study method and financial analysis methods were used. The originality of the research is demonstrated by the original bal-ance sheet proposal and a presentation of its cognitive and analytical values. The conclusions drawn from the considerations and empirical studies demonstrate that the proposed balance sheet has significant cog-nitive and analytical value.