Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century

The current regulations and practices related to accounting vouchers and bookkeeping in Poland, including cross-cutting tax regulations, were assessed and compared with selected EU countries (France, Germany and UK). The study was undertaken at the...

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Main Authors: Olszewska, Irena, Wołczyńska, Monika
Format: Working Paper
Language:English
en_US
Published: World Bank, Vienna 2016
Subjects:
TAX
Online Access:http://documents.worldbank.org/curated/en/2016/06/26468982/
http://hdl.handle.net/10986/24799
id okr-10986-24799
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic TERRORISM
ACCOUNTING PRINCIPLES
HOLDING
LIABILITY
FOREIGN CAPITAL
EQUIPMENT
INTANGIBLE ASSETS
ACCOUNTING
WAREHOUSE
ACCOUNTING PRACTICES
LIQUIDATION
INTERNATIONAL CAPITAL
DEED
STOCK
VALUATION
INFORMATION TECHNOLOGY
SALES
INTEREST
DEPRECIATION
FOREIGN ENTERPRISES
PROPERTY RIGHTS
OPTION
EXCHANGE
BANKING SYSTEM
NOTARY
TAX OBLIGATION
SELLING
REVENUES
FINANCIAL STATEMENTS
IMAGE
SETTLEMENT PERIODS
FINANCIAL STATEMENT
ACCOUNTING THEORY
TAX
OWNERSHIP
INCOME TAX
QUALITY
MARKET PRACTITIONERS
BANKRUPTCY
ACCOUNTING SOFTWARE
REPORTING
INTERNATIONAL BANK
CREDITORS
PENSION
CASH FLOWS
BILLS
CREDIBILITY
ACCOUNTING SERVICES
FOREIGN MARKETS
STATEMENT REQUIREMENTS
SALE OF PROPERTY
COMMERCIAL CODE
CURRENCY
CREDIT UNIONS
ACCOUNTING POLICIES
CONTRACTS
PERSONAL INCOME
FOREIGN CURRENCIES
SOCIAL INSURANCE FUND
TRADING
OPTIONS
INVESTMENT FUNDS
GLOBALIZATION
CRITERIA
MARKETS
DEBT
FINANCIAL REPORTING
RETURN
STATUTORY AUDITORS
SETTLEMENT
PUBLIC FINANCE
FINANCIAL YEARS
LOANS
BILLING
INVENTORY
PENSION FUNDS
FINANCIAL SYSTEM
DUE DILIGENCE
ACCOUNT
FINANCE
FOREIGN CURRENCY
TAXES
CIVIL CODE
TRANSACTIONS
RESOURCES
EQUITY
INCOME TAXES
TRANSACTION
AUDITED FINANCIAL STATEMENTS
VALUE OF ASSETS
GOOD
FRAUD
ACCOUNTANTS
AUDITORS
EXPENSES
CASH TRANSACTIONS
BILLS OF EXCHANGE
TURNOVER
FUTURE
PENSIONS
CASH PAYMENTS
RETURNS
ACCOUNTANCY
CONTRACT
MAINTENANCE
AMORTIZATION
PROPERTY
ISSUANCE
COST
ACCOUNTANT
INVENTORY OF ASSETS
BALANCE SHEET
MARKET
FINANCIAL REPORTING STANDARDS
TRADE UNIONS
COMMERCIAL CONTRACTS
ACCOUNTING DOCUMENTS
SECURITIES
POOLING OF INTERESTS
COMMERCIAL LAW
ACCOUNTING STANDARD
ACCOUNTING SYSTEMS
INSURANCE
BOOKKEEPING
CURRENCIES
PAYROLL
INTERESTS
GOODS
FIXED ASSETS
SECURITY
LEGAL SYSTEM
INTANGIBLE
BANK LOANS
ACCOUNTING STANDARDS
DURABLE
FINANCIAL MARKET
STOCKS
LOSS STATEMENT
INVESTMENT
BUSINESS
SHARE
IMMOVABLE PROPERTY
BALANCE SHEETS
FINANCIAL INFORMATION
ACCOUNTING PROCEDURES
FUND ACCOUNTING
PAYROLL RECORDS
COOPERATIVES
REVENUE
PROFIT
CASH BALANCES
ACCOUNTS
CHECK
AUDIT
INSURANCE COMPANIES
EXCHANGE RATE
BANKING LAW
CUSTOMERS
PHYSICAL SECURITY
SECURITIES LAW
LIMITED LIABILITY
LIABILITIES
COMMON LAW
ACCOUNTING RECORDS
IMPLEMENTATION
GUARANTEE
AUDITING
TAX OBLIGATIONS
spellingShingle TERRORISM
ACCOUNTING PRINCIPLES
HOLDING
LIABILITY
FOREIGN CAPITAL
EQUIPMENT
INTANGIBLE ASSETS
ACCOUNTING
WAREHOUSE
ACCOUNTING PRACTICES
LIQUIDATION
INTERNATIONAL CAPITAL
DEED
STOCK
VALUATION
INFORMATION TECHNOLOGY
SALES
INTEREST
DEPRECIATION
FOREIGN ENTERPRISES
PROPERTY RIGHTS
OPTION
EXCHANGE
BANKING SYSTEM
NOTARY
TAX OBLIGATION
SELLING
REVENUES
FINANCIAL STATEMENTS
IMAGE
SETTLEMENT PERIODS
FINANCIAL STATEMENT
ACCOUNTING THEORY
TAX
OWNERSHIP
INCOME TAX
QUALITY
MARKET PRACTITIONERS
BANKRUPTCY
ACCOUNTING SOFTWARE
REPORTING
INTERNATIONAL BANK
CREDITORS
PENSION
CASH FLOWS
BILLS
CREDIBILITY
ACCOUNTING SERVICES
FOREIGN MARKETS
STATEMENT REQUIREMENTS
SALE OF PROPERTY
COMMERCIAL CODE
CURRENCY
CREDIT UNIONS
ACCOUNTING POLICIES
CONTRACTS
PERSONAL INCOME
FOREIGN CURRENCIES
SOCIAL INSURANCE FUND
TRADING
OPTIONS
INVESTMENT FUNDS
GLOBALIZATION
CRITERIA
MARKETS
DEBT
FINANCIAL REPORTING
RETURN
STATUTORY AUDITORS
SETTLEMENT
PUBLIC FINANCE
FINANCIAL YEARS
LOANS
BILLING
INVENTORY
PENSION FUNDS
FINANCIAL SYSTEM
DUE DILIGENCE
ACCOUNT
FINANCE
FOREIGN CURRENCY
TAXES
CIVIL CODE
TRANSACTIONS
RESOURCES
EQUITY
INCOME TAXES
TRANSACTION
AUDITED FINANCIAL STATEMENTS
VALUE OF ASSETS
GOOD
FRAUD
ACCOUNTANTS
AUDITORS
EXPENSES
CASH TRANSACTIONS
BILLS OF EXCHANGE
TURNOVER
FUTURE
PENSIONS
CASH PAYMENTS
RETURNS
ACCOUNTANCY
CONTRACT
MAINTENANCE
AMORTIZATION
PROPERTY
ISSUANCE
COST
ACCOUNTANT
INVENTORY OF ASSETS
BALANCE SHEET
MARKET
FINANCIAL REPORTING STANDARDS
TRADE UNIONS
COMMERCIAL CONTRACTS
ACCOUNTING DOCUMENTS
SECURITIES
POOLING OF INTERESTS
COMMERCIAL LAW
ACCOUNTING STANDARD
ACCOUNTING SYSTEMS
INSURANCE
BOOKKEEPING
CURRENCIES
PAYROLL
INTERESTS
GOODS
FIXED ASSETS
SECURITY
LEGAL SYSTEM
INTANGIBLE
BANK LOANS
ACCOUNTING STANDARDS
DURABLE
FINANCIAL MARKET
STOCKS
LOSS STATEMENT
INVESTMENT
BUSINESS
SHARE
IMMOVABLE PROPERTY
BALANCE SHEETS
FINANCIAL INFORMATION
ACCOUNTING PROCEDURES
FUND ACCOUNTING
PAYROLL RECORDS
COOPERATIVES
REVENUE
PROFIT
CASH BALANCES
ACCOUNTS
CHECK
AUDIT
INSURANCE COMPANIES
EXCHANGE RATE
BANKING LAW
CUSTOMERS
PHYSICAL SECURITY
SECURITIES LAW
LIMITED LIABILITY
LIABILITIES
COMMON LAW
ACCOUNTING RECORDS
IMPLEMENTATION
GUARANTEE
AUDITING
TAX OBLIGATIONS
Olszewska, Irena
Wołczyńska, Monika
Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century
geographic_facet Poland
description The current regulations and practices related to accounting vouchers and bookkeeping in Poland, including cross-cutting tax regulations, were assessed and compared with selected EU countries (France, Germany and UK). The study was undertaken at the request of the Polish Ministry of Finance, and funded under the Financial Reporting Technical Assistance Program (FRTAP), to contribute to efforts to enhance harmonization with other relevant regulations, reduce unnecessary requirements and red tape for entities (especially SMEs and micro entities), and to reflect current and potential future technology changes whilst retaining control over diligence and quality of bookkeeping. The content, quality and scope of legislation in this area was found to be generally good. In contrast to the other countries studied, however, it takes a detailed, prescriptive approach. The report suggests moving away from setting detailed requirements and towards the development of a clear general framework. This would help preserve the quality of bookkeeping and accounting practices but reduce the need for continuous amendments to regulations to keep pace with changing circumstances, for example technological changes. It would also create space for more liberalization and greater flexibility for market practitioners and would be in keeping with the approach adopted in the other countries looked at. The report identifies gaps and inconsistencies in the areas of accounting policy and maintenance of books; accounting vouchers; financial statements; storage; provision of bookkeeping services; and information technology (IT) and makes a number of suggestions to address these.
format Working Paper
author Olszewska, Irena
Wołczyńska, Monika
author_facet Olszewska, Irena
Wołczyńska, Monika
author_sort Olszewska, Irena
title Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century
title_short Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century
title_full Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century
title_fullStr Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century
title_full_unstemmed Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century
title_sort accounting vouchers and principles of bookkeeping : expectations in 21st century
publisher World Bank, Vienna
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/06/26468982/
http://hdl.handle.net/10986/24799
_version_ 1764457531846950912
spelling okr-10986-247992021-04-23T14:04:23Z Accounting Vouchers and Principles of Bookkeeping : Expectations in 21st Century Olszewska, Irena Wołczyńska, Monika TERRORISM ACCOUNTING PRINCIPLES HOLDING LIABILITY FOREIGN CAPITAL EQUIPMENT INTANGIBLE ASSETS ACCOUNTING WAREHOUSE ACCOUNTING PRACTICES LIQUIDATION INTERNATIONAL CAPITAL DEED STOCK VALUATION INFORMATION TECHNOLOGY SALES INTEREST DEPRECIATION FOREIGN ENTERPRISES PROPERTY RIGHTS OPTION EXCHANGE BANKING SYSTEM NOTARY TAX OBLIGATION SELLING REVENUES FINANCIAL STATEMENTS IMAGE SETTLEMENT PERIODS FINANCIAL STATEMENT ACCOUNTING THEORY TAX OWNERSHIP INCOME TAX QUALITY MARKET PRACTITIONERS BANKRUPTCY ACCOUNTING SOFTWARE REPORTING INTERNATIONAL BANK CREDITORS PENSION CASH FLOWS BILLS CREDIBILITY ACCOUNTING SERVICES FOREIGN MARKETS STATEMENT REQUIREMENTS SALE OF PROPERTY COMMERCIAL CODE CURRENCY CREDIT UNIONS ACCOUNTING POLICIES CONTRACTS PERSONAL INCOME FOREIGN CURRENCIES SOCIAL INSURANCE FUND TRADING OPTIONS INVESTMENT FUNDS GLOBALIZATION CRITERIA MARKETS DEBT FINANCIAL REPORTING RETURN STATUTORY AUDITORS SETTLEMENT PUBLIC FINANCE FINANCIAL YEARS LOANS BILLING INVENTORY PENSION FUNDS FINANCIAL SYSTEM DUE DILIGENCE ACCOUNT FINANCE FOREIGN CURRENCY TAXES CIVIL CODE TRANSACTIONS RESOURCES EQUITY INCOME TAXES TRANSACTION AUDITED FINANCIAL STATEMENTS VALUE OF ASSETS GOOD FRAUD ACCOUNTANTS AUDITORS EXPENSES CASH TRANSACTIONS BILLS OF EXCHANGE TURNOVER FUTURE PENSIONS CASH PAYMENTS RETURNS ACCOUNTANCY CONTRACT MAINTENANCE AMORTIZATION PROPERTY ISSUANCE COST ACCOUNTANT INVENTORY OF ASSETS BALANCE SHEET MARKET FINANCIAL REPORTING STANDARDS TRADE UNIONS COMMERCIAL CONTRACTS ACCOUNTING DOCUMENTS SECURITIES POOLING OF INTERESTS COMMERCIAL LAW ACCOUNTING STANDARD ACCOUNTING SYSTEMS INSURANCE BOOKKEEPING CURRENCIES PAYROLL INTERESTS GOODS FIXED ASSETS SECURITY LEGAL SYSTEM INTANGIBLE BANK LOANS ACCOUNTING STANDARDS DURABLE FINANCIAL MARKET STOCKS LOSS STATEMENT INVESTMENT BUSINESS SHARE IMMOVABLE PROPERTY BALANCE SHEETS FINANCIAL INFORMATION ACCOUNTING PROCEDURES FUND ACCOUNTING PAYROLL RECORDS COOPERATIVES REVENUE PROFIT CASH BALANCES ACCOUNTS CHECK AUDIT INSURANCE COMPANIES EXCHANGE RATE BANKING LAW CUSTOMERS PHYSICAL SECURITY SECURITIES LAW LIMITED LIABILITY LIABILITIES COMMON LAW ACCOUNTING RECORDS IMPLEMENTATION GUARANTEE AUDITING TAX OBLIGATIONS The current regulations and practices related to accounting vouchers and bookkeeping in Poland, including cross-cutting tax regulations, were assessed and compared with selected EU countries (France, Germany and UK). The study was undertaken at the request of the Polish Ministry of Finance, and funded under the Financial Reporting Technical Assistance Program (FRTAP), to contribute to efforts to enhance harmonization with other relevant regulations, reduce unnecessary requirements and red tape for entities (especially SMEs and micro entities), and to reflect current and potential future technology changes whilst retaining control over diligence and quality of bookkeeping. The content, quality and scope of legislation in this area was found to be generally good. In contrast to the other countries studied, however, it takes a detailed, prescriptive approach. The report suggests moving away from setting detailed requirements and towards the development of a clear general framework. This would help preserve the quality of bookkeeping and accounting practices but reduce the need for continuous amendments to regulations to keep pace with changing circumstances, for example technological changes. It would also create space for more liberalization and greater flexibility for market practitioners and would be in keeping with the approach adopted in the other countries looked at. The report identifies gaps and inconsistencies in the areas of accounting policy and maintenance of books; accounting vouchers; financial statements; storage; provision of bookkeeping services; and information technology (IT) and makes a number of suggestions to address these. 2016-08-04T15:14:50Z 2016-08-04T15:14:50Z 2015-01 Working Paper http://documents.worldbank.org/curated/en/2016/06/26468982/ http://hdl.handle.net/10986/24799 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Vienna Publications Research Publications & Research :: Working Paper Poland