Accounting Developments in Poland - 6780 Words

Introduction of Poland Poland officially known as Republic of Poland (Rzeczpospolita Polska) is a country in Central Europe. Poland is bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north. The total area of Poland is 312,679 square kilometers (120,726 sq mi), making it the 69th largest country in the world and 9th in Europe. Poland has a population of over 38 million people, which makes it the 33rd most populous country in the world. (WBO, 2010) Historical Background A national accounting chart for Poland did not exist before the 1930s although an accountants’ Association was already†¦show more content†¦In the year 1956, the socialist-communist ruling in Poland was lessened and it has created certain level of autonomy for state-owned enterprises and enabled the management and other personnel to participate in profit distribution. Consequently, Institute of Audit Experts was established in 1957. The appointed State Authorised Accountants (SAA) was to serve the purpose to verify the accounts of state owned enterprises with a view to ascertain appropriation of profits and also the achievement of the centrally planned targets. Three years later the longest UPA in operation (1960 -1975) was implemented based upon the previous Uniform Plans of Accounts, Branch Accounting Plans and Enterprise Accounting Plans 15. This change has allowed firms to devise accounting systems to meet their individual needs. The last Uniform Plan of Accounts was enacted in the year 1976. This gives strong grounds to believe that the accounting body, in a system based on rigid law regulations was still capable of developing a broader perspective, professional view and ability to use professional judgment. It is visible that under socialist ruling management accounting was the main area of growth since ‘nominal profitability’ and improvement of internal ‘efficiency’ were the main objectives of the practitioners. No specific or detailed rules were provided for cultural and historical events and the nature of codified law affect IFRS adoption, acceptanceShow MoreRelatedAccounting Developments in Poland6790 Words   |  28 PagesIntroduction of Poland Poland officially known as Republic of Poland (Rzeczpospolita Polska) is a country in Central Europe. Poland is bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north. The total area of Poland is 312,679 square kilometers (120,726 sq mi), making it the 69th largest country in the world and 9th in Europe. Poland has a population of overRead MoreNational Differences Of Political Economy : Poland Vs Egypt1627 Words   |  7 PagesINTL500 Case Study Mynthek Yeo July, 19th 2015 National Differences in Political Economy: Poland Vs Egypt Introduction The study and the use of economic theory and how the methods influenced political ideology. Political economy is the interaction between economics, law and politics, and how institutions develop in different social and economic systems such as capitalism, socialism and communism. Political Economy Analysis of how public policy is created and implemented. Because different individualsRead MoreThe Four Key Trade Policy Of The European Union Legislation887 Words   |  4 PagesWhen Poland joined the European Union legislation, it has led to wide-ranging reforms in economic regulation and has decreased government intervention in the private sector. 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FTPR amp; FFPR – Ukraine amp; Poland | Economic size | 2010 | 2009 | 2008 | 2007 | | | | | USD | % | USD | % | USD | % | USD | | | Ukraine | Nominal GDP | 137 000 000 000,00 | 0,042 | 131 477 927 063,34 | -0,151 | 154 862 104 903,82 | 0,024 | 151 232 524 320,13 | FTPR | 0,729 | Poland | Nominal GDP | 469 000 000 000,00 | 0,038 | 451 830 443 159,92 | 0,016 | 444 715 003 110,16 | 0,051 | 423 135 112 378,84 | FTPR | 0,732 | | ExternalRead MoreEssay on Access Control FInal Project1199 Words   |  5 Pagesmail and call forwarding. 2.3 Warsaw, Poland This is the largest office based on number of employees, strategically located to assist IDI for major growth in the Middle East and Asia, and the home portal for expansion and geographical client development, yet there is insufficient computing power to stay afloat on a day-to-day basis. The primary freight forwarding application is almost 10 years old and does not interface with the McCormack dodge accounting and finance system There are 6 Web servers