Abstract
Having an influence on the economic life, accounting is driven by particular rules. Currently used set of accounting rules determines the rule of true and fair view as a superior rule. Development of capital markets led to a broader range of capital instruments used for financing of activities of particular entities. The way of financing assets has a significant influence on the perception of an individual; thus, a representation of hybrid capital in a balance sheet in a position separate from own and borrowed capitals realises the rule of true and fair view to a large extent. The aim of this article is to present rules used by the accounting system, with a particular focus on realisation of the rule of true and fair view with respect to singled out hybrid capital, i.e. mezzanine.
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Notes
- 1.
However, it is worth to mention that the concept of true and fair view is regarded as superior mainly in the European Union, the United Kingdom, Singapore, Australia and New Zealand (Kirk 2001, p. 4).
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Jastrzębowski, A., Wierzbiński, M. (2019). Influence of Representation of Mezzanine Capital on the Rule of True and Fair View. In: Procházka, D. (eds) Global Versus Local Perspectives on Finance and Accounting. ACFA2018 2018. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-11851-8_20
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