THE BALANCE SHEET UNDER POLISH REGULATIONS VERSUS THE STATEMENT OF FINANCIAL POSITION UNDER IFRS - MAIN DIFFERENCES DISCLOSED IN RATIO ANALYSIS OF ENTERPRISE

The development of IFRS/IAS is aiming to the unify information on the number of categories used in accounting, the implementation of uniform methods of measuring these categories. This is due to the progressive globalization processes and the creation of a single financial market all over the world. The use of IFRS/IAS is not easy and sometimes there are differences and even contradictions from the point of view of local accounting regulations. These differences are reflected in the ratio analysis of the company. The article presents the main differences between the balance sheet prepared by the Polish regulations and the statement of financial position prepared by IFRS/IAS and the resulting differences in the selected ratios of financial analysis, as the problem of ensuring comparability of financial data. The aim was to present in a clear and understandable way these differences and show that it have a huge impact on the educational value of the balance sheet and the assessment of economic situation of company. As an example, there is used financial data of one of production company from Polish market.