Zakres informacji w sprawozdaniu finansowym jednostek mikro i małych

Abstract

The study describes the criteria of classification of entities as small and medium as well as the rules of preparing their financial statements. The Accounting Act determines the scope of information presented in financial statements as well as possibilities of the use of simplifications related to them. The aim of the paper is to present the changes in legal regulations related to carrying out the business activity as well as changes in financial reporting of micro and small entities. To realize the aim, legal acts and primary sources in the form of management commentaries and financial statements were used.

Keywords

• the definition of small and micro entities
• characteristics and examples of financial statements