Search results for query: Kwiecień

1. Economic factors in the process of calculation of annuities in bodily injury compensation claims under liability insurance
   

   Author: Anna Jędrzychowska, Ilona Kwiecień

   See Issue Contents: fins.2019.1

   Abstract:

   The article constitutes a legal and economic discussion of the economic factors which may and should be taken into account while calculating the benefits compensating the loss of income of the injured and of their families in case of death. The analyzed benefits are an important element of compensation of economic loss in personal injury cases where the compensation is the duty of the perpetrator (or the entity responsible for him/her) within the system based on tort liability. In light of the ubiquitous nature of TPL insurance, the payer is usually the insurance company liable under the granted guarantee. The scope of such cover results from the contract and/or legal acts. The subject calculation was based on an actuarial annuity which also takes into account the likelihood of the claimant and his/ her relatives living until the subsequent periodical payments. The applied calculation is of an illustrative nature with regard to the considerations of the relevant economic assumptions made at the time of loss calculation. The discussion carried out in the article concerns the size and value of the economic factors that can be used in this model.

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2. The educational role of the Accountants Association in Poland (AAP) after the deregulating of the profession
   

   Author: Katarzyna Świetla

   See Issue Contents: fins.2018.2

   Abstract:

   Due to the commonly perceived need to specialize in one professional activity, the role ofeducation is increasing. This includes accounting specializations which are important as professions ofpublic trust. In connection with such expectations, the role of education among professional groups ofaccounting professionals at all levels is increasing. The article presents the educational requirements forthe professional specialization on accounting against the IFAC International Education Standards and inthe context of the deregulation of the accountancy professions in Poland. As a solution to the problemsof appropriate education, the role of the Accountants Association in Poland (AAP) was pointed out,based on the courses provided by it, aimed at not only improving the qualifications of the individualswho are involved in accounting professionally, but also on the supporting ethics. The courses taughtwere analyzed in a cross-section of their participants in the years 2013-2016. The method adopted toachieve the intended purpose was the analysis of the available literature, the laws in force and the sourcesprovided by the AAP. On the basis of the research, it was found that despite the absence of mandatoryprofessional certification for accounting and bookkeeping, the professionals in this area do see the needfor continuous education and take diverse action to raise the quality of the services they provide

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3. Internal Audit in the Territorial Self-Government Units in the Light of Changes
   

   Author: Dominika Kołodziej

   See Issue Contents: fins.2022.2

   Abstract:

   The purpose of this article is the description and justification of the direction of changes which inevitably await the area of the functioning of the internal audit within the territorial self-government units in Poland in the context of the draft bill amending the public finance act and certain other acts. The analysis has been preceded by the review of the evolution of the functioning and the definition of the internal audit within the territorial self-government units in Poland over the last twenty years. Next, the focus shifts to the transformations in the functioning of the internal audit within the territorial self-government units and the challenges overcome by the internal auditors in relation to the changes caused by the Sars-Cov2 pandemic. The sources and causes of the planned legislative changes in the act on public finance concerning the internal audit in the sector of public finance in Poland are presented with a special emphasis on the territorial self-government units. The conducted research is based on the study of literature on public finance, internal audit, and managerial control. A detailed analysis and interpretation of legal acts in force in the researched area was done, particularly including the draft bill amending the public finance act and certain other acts (no UD327 in the list of legislative and programme works of the Council of Ministers as of 1st March 2022) to justify the direction of the changes. Materials from the governmental websites including proposals of new regulations in the act on public finance as well as the assessment of the possible consequences of the presented changes were also used.

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4. Usefulness of comprehensive income statement – preliminary study on the example of companies from the WIG30 index
   

   Author: Przemysław Czajor, Piotr Druszcz, Michał Hendryk

   See Issue Contents: fins.2019.4

   Abstract:

   The financial result of a company is undoubtedly the most frequently analyzed category in making economic decisions. The changing needs of financial statements users resulted in the replacement of the classic financial result with the broader concept of comprehensive income, which was regulated in the International Accounting Standard 1 Presentation of financial statements. As a result a statement of the entity’s comprehensive income is created. An important element analyzed by the scientific community is the presentation of the mentioned comprehensive income and its usefulness. The purpose of the article is to determine the impact of introducing the obligation to prepare a statement of comprehensive income on the usefulness of the financial statement. The usefulness has been assessed from the perspective of the form of statement of comprehensive income and the relevance of other comprehensive income’s items as compared with net income

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