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Recent years in business activities exposed rapid changes, especially in the ownership structure. An increasing number of mergers and acquisitions assume increasingly complicated forms, thus becoming incomprehensible for financial statementsВ’ recipients. Among many consequences associated with business combinations, one should notice a specific accounting category, namely the bargain purchase gain. Describing the basic assumptions as well as legal regulations concerning the bargain purchase gain isone of the main...

Recent changes in the business environment exposed the insufficiency of financial data traditionally presented in financial statements. Available researches emphasize that recipients of financial statements demand comprehensive data about the business activity. Modern accounting faces the formidable challenge to reflect companyВ’s values not only by financial data but also by non-financial disclosures. The need for non-financial data disclosures has also been noticed by the Institutions of the European Union. The ...