Differences in Analysis of Individual and Consolidated Financial Statements Under IFRS – a Study from Poland

Adam Zabor¹

Section:Research Paper, Product Type: Journal-Paper
Vol.8 , Issue.3 , pp.48-51, Sep-2020

Online published on Sep 30, 2020

Copyright © Adam Zabor . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
The aim of the article is to indicate the differences in the analysis of the separate and consolidated financial statements prepared under IFRS. The study was based on the reports of Polish company Grupa Azoty. The article shows that there are significant differences in the analysis of the separate and consolidated statements. They mainly concern the analysis of capital connections of entities included in the capital group, the position of minority shareholders, or additional indicators. When carrying out a financial statement analysis, ignorance of the rules may lead to incorrect results and conclusions.

Key-Words / Index Term :
financial analysis, capital group, financial statement, financial ratio, IFRS.

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