Open AccessThe impact of the IASB project ‘Better communication in financial reporting’ on financial statements – selected issues
Author(s) -
Mariusz Karwowski
Publication year - 2021
Publication title -
zeszyty teoretyczne rachunkowości
Language(s) - English
Resource type - Journals
eISSN - 2391-677X
pISSN - 1641-4381
DOI - 10.5604/01.3001.0015.5742
Subject(s) - financial statement , accounting , presentation (obstetrics) , business , accounting management , xbrl , financial statement analysis , originality , financial analysis , finance , financial ratio , accounting information system , qualitative research , medicine , social science , audit , sociology , radiology
Purpose: The purpose of the article is to indicate the possible impact of the IASB project ‘Better communication in financial reporting’ on the presentation and disclosure of infor-mation in financial statements.Methodology/approach: On the one hand, the current state is presented (the basis was the project ‘Better communication in financial reporting’); on the other hand, value judg-ments were formulated regarding the proposed changes. The empirical study, which was based on content analysis, covered entities included in the WIG30.Findings: ‘Better communication in financial reporting’, in particular, IFRS X, will pri-marily affect the choice of the classification of expenses in the operating category of the profit or loss statement, as well as disclosure of management performance measures.Originality/value: The indication of the possible impact of the project ‘Better communication in financial reporting’ on the presentation and disclosure of information in the financial statements, which is unexplored so far.Keywords: primary financial statements, presentation, notes, disclosure, taxonomy, IFRS.