Abstract:

The aim of the article is to present the changes in the Polish Act on Accounting related to the transformations that have taken place in Poland over the past thirty years, namely the transition from the socialist economy to the capitalist one. The main section is preceded with a historical outline and the characteristics of accounting. The novelty of the article lies in tracing the evolution in the Polish accounting regulations during the system and economic transformation, adjusting them to the regulations of the European Union and IAS/IFRS. The author checks the research thesis, in which she claims that the amendments to the Polish Act on Accounting are made frequently, regularly and adequately to the changes introduced in the EU directives, as well as in international accounting and financial reporting standards. The applied research method relies on the review of relevant subject literature and related legal regulations: domestic, European and international. The thesis posed by the author was positively verified.