Abstract:

The factor, which conditions the functioning and the development of an enterprise, is the availability of capital. Although own funds are still very often used as a source of financing investments in Poland, a policy in an enterprise consisting of using exclusively this form of financing seems to be economically unjustified and demonstrates a lack of adequate understanding of existing financial instruments. The most common method to obtain external capital is a credit. Such capital time-limited, it is interest-bearing and is returnable. Apart from credits, recently lease became the most frequently used tool for investment financing. The initial lack of systemic regulations resulted in significant freedom of interpreting flawed laws, the consequences of which were difficult to predict. The ultimate regulation of lease in civil, tax and accounting law contributed to making this form of financing investments more popular.