IFRS Adoption in Poland in the Light of Empirical Research

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Author(s): Konrad Grabiński (Cracow University of Economics, Poland), Marcin Kędzior (Cracow University of Economics, Poland)and Joanna Krasodomska (Cracow University of Economics, Poland)
Copyright: 2016
Pages: 25
Source title: Economics and Political Implications of International Financial Reporting Standards
Source Author(s)/Editor(s): Efobi Uchenna (Covenant University, Nigeria), Matthias Nnadi (Rivers State University of Science and Technology, Nigeria), Sailesh Tanna (Coventry University, UK)and Francis Iyoha (Covenant University, Nigeria)
DOI: 10.4018/978-1-4666-9876-5.ch008

Keywords: Accounting & Finance / Accounting and Finance / Business & Management / Business Science Reference

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Abstract

The aim of this chapter is to present Polish experience of the IFRS adoption process. The first part characterizes a cultural background of the Polish society. Using Hofstede and Inglehart cultural dimensions Poland is compared to other European countries. The impact of time on national culture is taken into consideration as well as its influence on financial reporting. The authors believe that the culture has a profound impact on the accounting practice and, therefore it can impede or ease the process of the IFRS adoption. In the second part the history of Polish accounting is presented as well as the evolution of an accounting regulatory framework. A special emphasis is put on the scope of the IFRS application in Poland and the issue of IFRS vs. Polish GAAP comparability. The last and the most extensive part is devoted to the positive and negative consequences of the IFRS application in Poland from the perspective of empirical research.

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IFRS Adoption in Poland in the Light of Empirical Research

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