Search results for query: Kowalak

1. Auditing of company financial standing using aggregate measure
   

   Author: Robert Kowalak

   See Issue Contents: fins.2020.1

   Abstract:

   A model of evaluation of company financial standing is presented in the article, based on the concept of aggregate synthetic measure. By calculating threshold values for the aggregate measure, statutory auditors gain a valuable tool to help determine the potential breach of company financial sustainability as well as evaluate company financial standing relative to other reporting periods. The main purpose of the author was to present a new conception of analysis company financial standing based on matrix measure. Theoretical and empirical methods are used in the paper. The theoretical part describes own model based on matrix measure. The empirical part shows the use of the model to analyze the financial condition of a stock exchange enterprise. Research methods concentrated on data and information collected from one company (case study), induction, deduction and literature analysis

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2. The measurement of costs and results in supply chain management: the case of Poland
   

   Author: Justyna Dobroszek

   See Issue Contents: fins.2018.3

   Abstract:

   Supply chain management (SCM) is a modern phenomenon in business practice and an important area of scientific discussions. In the literature it is not easy to find only one explanation of this subject because some scientists treat SCM as a separate concept, others as an expansion of the logistics function. The supply chain is a kind of modern business model that needs accurate management. To support the management process an the effective way, management accounting tools and methods may be applied. The aim of the article is to present the methods and tools of management accounting used for the measurement of costs and results in SCM. For this purpose, a survey was conducted among 40 selected enterprises in Poland. The findings indicate that on the one hand the studied organizations already use advanced management accounting tools and the methods providing information for SCM needs, on the other hand, they rarely apply them. This approach does not contribute to effective and holistic measurement of supply chain and its management

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3. International Financial Reporting Standard no 15 “Customer agreements” in the construction industry
   

   Author: Anna Kasperowicz

   See Issue Contents: fins.2018.3

   Abstract:

   The paper presents the features of the construction industry and the ways of organising investment processes, as well as the methods for the valuation of the services implemented within its scope. The individual valuation methods were assigned to the applicable provisions of Polish balance sheet law and the International Financial Reporting Standard No 15 “Revenues from contracts with customers” in force since 2018. On the basis of a practical example, there was illustrated the achieved financial result of a company providing installation services as a subcontractor in view of all the possible valuation methods. The author presented and evaluated the anticipated effects of the new standard’s entry into force, and in conclusion presented a selection of the valuation methods for the services performed in this industry, which is complicated and has a decisive impact on the amount of profits and losses of the financial results presented in the account

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