Financial accounting and its environment -- Basic concepts of financial accounting -- The balance sheet -- The income statement -- Statement of cash flows -- Current assets -- Noncurrent assets -- Current liabilities (including commitments, contingencies, and risks) -- Noncurrent liabilities --...

The paper examines an origin of newly accepted lease accounting rules under IFRS 16. In historical context, searches for circumstances that had affected certain steps made by IASB in whole developing process of the new standard include also FASB's role and perspectives. The conceptual lease...

The basic principle of the creation of accounting provisions and allowances is the principle of prudence and a true and fair view of the entity. The allowances are used to express a temporary reduction in the value of assets, while the provisions are a source of increasing costs intended to...