Artur Jastrzebowski – Poznań University of Economics and Business, Department of Accounting and Financial Audit, al. Niepodleglosci
10, 61-875, Poznan, Poland
Zofia Wierzbinska – Poznań University of Economics and Business, Department of Management Accounting, al. Niepodleglosci
10, 61-875, Poznan, Poland
Marek Wierzbinski – Poznań University of Economics and Business, Department of Management Accounting, al. Niepodleglosci
10, 61-875, Poznan, Poland

DOI: https://doi.org/10.31410/ITEMA.2019.125

Financial reporting is often referred to as the result of all activities undertaken within the
accounting system. As an element of financial accounting, it is associated with the implementation of
various functions attributed to accounting. However, the area of financial reporting itself is divided into
two elements – single reporting and consolidated reporting. Consolidated reporting is a characteristic
process with its own procedures and assumptions. Therefore, the question should be asked whether the
differences do not affect the implementation of the basic accounting function – information function.
The purpose of the article is to present the impact of implementing the characteristic procedures of
the financial statements consolidation process on the implementation of the accounting information
function.
The study was divided into three parts, preceded by an introduction and completed with conclusions.
The first part describes the essence of the accounting function with particular emphasis on the information
function. The second part presents a model process of consolidating financial statements
according to IFRS regulations. The last section of the study presents an analysis of the characteristic
points of the consolidation process and assesses their impact on the implementation of the accounting
information function.
The work was based on the method of analyzing literature sources, the comparative method and the
method of synthesis.

Keywords

Information Accounting Function, Consolidation, Financial Statement.

​References

Bedford, N. M. & Onsi, M. (1966). Measuring the value of information-an information theory
approach. Management Services, 1, 16.
Brzezin, W. (1998). Ogólna teoria rachunkowości, Częstochowa, Publisher: Wydawnictwo Politechniki
Częstochowskiej.
Butterworth, J. E. (1972). The Accounting System as an Information Function. Journal of Accounting
Research, 10(1), 1-27. https://doi.org/10.2307/2490216

Cole, V., Branson, J. & Breesch, D. (2011). The illusion of comparable European IFRS financial
statements. Beliefs of auditors, analysts and other users. Accounting and Management
Information Systems, 10(2), 106-134. http://dx.doi.org/10.2139/ssrn.1521445
Feltham, G. A. (1968). The Value of Information. The Accounting Review 43(4). 684-696. https://
www.jstor.org/stable/243630
Gos, W. (2008). Wybrane uwagi na temat istoty rachunkowości, Zeszyty Teoretyczne Rachunkowości,
(44), 69-78.
International Accounting Standards Board (2014). Międzynarodowe Standardy Sprawozdawczości
Finansowej. Według stanu na dzień 1 stycznia 2013r., Warszawa, Publisher: SKwP.
International Accounting Standards Board (2017). IFRS 10 Consolidated Financial Statements.
Kunz, B. & Tymińska, A (2014). System informatyczny rachunkowości i jego rola w świetle
ustawy o rachunkowści. Financial Science, 3(20), 44-58. https://doi.org/10.15611/
nof.2014.3.03
Kurek, H. & Zielińska, H. (2000), Informacyjna funkcja rachunkowości. Zeszyty naukowe
Akademii Ekonomicznej w Krakowie, 553, 139-149.
Poetschke, H. (2011). Istota systemu rachunkowości. Podstawy Rachunkowości, Poznań, Publisher:
Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu.
Rówińska, M. (2013). Cechy jakościowe sprawozdania finansowego jednostek gospodarczych.
Zeszyty Naukowe Uniwersytetu Szczecińskiego, 757, 375-382. http://www.wneiz.pl/nauka_
wneiz/frfu/58-2013/FRFU-58-375.pdf