Differences in the presentation of financial statements according to the regulations of IAS and the Polish Accounting Act
Financial statements provide information on the company, its business, assets and financial position. As such, they constitute a final product of the accounting system, and implement the rule that a true and fair view of the entity must be reflected therein.
If we assumed that the statements are prepared according to the same standards, based on some uniform measuring methods, we would get a mechanism for comparing the value of various businesses, regardless of where they operate. This, however, is not the case.