Title

WYZWANIA WSPÓŁCZESNEJ RACHUNKOWOŚCI W ZAKRESIE TRANSLACJI WARTOŚCI EKONOMICZNYCH.

Authors

Jędrzejczyk, Marcin

Abstract

The role and aims of the accounting system have been changing along with civilizational changes. Accounting as the oldest part of economic science arose when first communities started to evolve and cooperate. What is interesting, accounting in history and prehistory reveals the duality principle from the very beginning. Firstly accounting was the system of measuring the labor. Nowadays accounitng has evolved to the system of profit measurement. Thus the most important problem of the accounting system is a precise and objective valuation of economic values according to "true and fair view" concept. However, it is a very difficult task in the global, multiple-currency environment. The translation of goods and services' prices, elements of the financial statements, compensations or GDP is the most current and important problem of contemporary accounting. The paper consists of two parts: criticism od currently obliging methods of translaction and the proposal of the new methods based on wage productivity parity.

Publication

Research Papers of the Wroclaw University of Economics / Prace Naukowe Uniwersytetu Ekonomicznego we Wroclawiu, 2015, Issue 388, p77

ISSN

1899-3192

Publication type

Academic Journal

DOI

10.15611/pn.2015.388.08