Polish Accounting Act definition

Polish Accounting Act means the Polish Act dated 29 September 1994 on accounting (Ustawa z dnia 29 września 1994 r. o rachunkowości);
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Polish Accounting Act means the Polish Act of 29 September 1994 on accounting (ustawa z dnia 29września 1994 r. o rachunkowości);
Sample 1

Examples of Polish Accounting Act in a sentence

  • The subsidiaries operating in Poland prepare their separate financial statements in accordance with accounting policies specified in the Polish Accounting Act dated 29 September 1994 with subsequent amendments and the regulations issued based on that Act (all together: ‘Polish Accounting Standards’).

  • The accounting separation of a given economic activity consists in keeping separate records for this economic activity and in the correct allocation of revenues and costs based on consistently used and objectively justified methods, and in defining the rules for accounting separation and cost and revenue allocation methods in the documentation referred to in Article 10 of the Polish Accounting Act of 29 September 1994 (Journal of Laws of 2013, item 330, as amended).

  • The Polish Accounting Act is only applicable for those entities regarding areas not covered by IFRS such as frequency of stock take, keeping archives and formal aspects of evidencing transactions.

  • This resulted in a situation in which, as a rule, listed en- tities and their subsidiaries report based on international regulation, whereas unlisted and very often smaller local businesses need to follow the Polish Accounting Act.

  • In accordance with the Polish Accounting Act, all entities, being capital groups listed on the WSE, prepared financial statements under international standards IAS/ IFRS while the analysis included consolidated financial statements prepared for fiscal year 2015 or fiscal year which ended in 2015.

  • In accordance with Article 10 of the Polish Accounting Act of September 29, 1994, the accounting information systems documentation is periodically reviewed and updated upon approval by heads of units.

  • IMWM has adjusted the accounting principles to IFRS wherein it is allowed by the Article 10.3 of the Polish Accounting Act of 29 September 2004.

  • Impact of adopting IFRSBefore transitioning to IFRS, the Company had prepared its financial statements in accordance with the Polish Accounting Act (“Polish GAAP”, “PL GAAP”).With certain mandatory exceptions and optional exemptions, IFRS 1 requires retrospective application of standards and interpretations that are effective for the year ended December 31, 2016.

  • Hence, the CIT Act requires each taxpayer who wished to be liable to CIT-LS and all its legal successors to itemize the profit and loss items generated from before the CIT-LS liability in the equity featured in the financial statements made in compliance with the Polish Accounting Act.

  • In accordance with the Polish Accounting Act, all entities, being capital groups listed on the stock exchange, prepared financial statements under international standards IAS/ IFRS, and the analysis included both consolidated and separate financial statements prepared for fiscal year 2014 or fiscal year which ended in 2014.2. 2.

Related to Polish Accounting Act

  • Financial Instruments Accounts Act means the Swedish Financial Instruments Accounts Act (lag (1998:1479) om kontoföring av finansiella instrument).

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • the 1985 Act means the Companies Act 1985;

  • Accounting Statement means for each financial year, the following statements, namely-