Artur Jastrzebowski – Poznań University of Economics and Business, Department of Accounting and Financial Audit, al. Niepodleglosci
10, 61-875, Poznan, Poland
Zofia Wierzbinska – Poznań University of Economics and Business, Department of Management Accounting, al. Niepodleglosci
10, 61-875, Poznan, Poland
Marek Wierzbinski – Poznań University of Economics and Business, Department of Management Accounting, al. Niepodleglosci
10, 61-875, Poznan, Poland

 

DOI: https://doi.org/10.31410/ITEMA.2019.125

 

3rd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2019 – Bratislava, Slovakia, October 24, 2019, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-23-3, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2019

 

 

Abstract

Financial reporting is often referred to as the result of all activities undertaken within the
accounting system. As an element of financial accounting, it is associated with the implementation of
various functions attributed to accounting. However, the area of financial reporting itself is divided into
two elements – single reporting and consolidated reporting. Consolidated reporting is a characteristic
process with its own procedures and assumptions. Therefore, the question should be asked whether the
differences do not affect the implementation of the basic accounting function – information function.
The purpose of the article is to present the impact of implementing the characteristic procedures of
the financial statements consolidation process on the implementation of the accounting information
function.
The study was divided into three parts, preceded by an introduction and completed with conclusions.
The first part describes the essence of the accounting function with particular emphasis on the information
function. The second part presents a model process of consolidating financial statements
according to IFRS regulations. The last section of the study presents an analysis of the characteristic
points of the consolidation process and assesses their impact on the implementation of the accounting
information function.
The work was based on the method of analyzing literature sources, the comparative method and the
method of synthesis.

 

Keywords

Information Accounting Function, Consolidation, Financial Statement.


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