Individual Assignment Essay Example | Topics and Well Written Essays - 1500 words

Individual Assignment - Essay Example People claim that this practice is as aged as men who began to trade and that it is and will continuously evolve as time lapses (Poullaos 2009). Performing a thorough examination of the past facets and bringing it juxtapose the present conditions of accounting, one can deduce significant transformation in numerous aspect. In this report, the focuses of the course of discussion are the accustomed application of the complex process of accounting and the distinctness of its practice over the country of Poland. As a conclusion, there will be a culmination of the present predicaments and reality of accounting in the selected region, the road with which has lead to that and the possible expectations of the changes to come. 2.0 Poland’s Accounting System As with all systems, there is a wide variety of definite influences and factors in accounting that serves an important purpose and gives rise to the fulfillment of certain functions. To gain a comprehensive knowledge of these importa nt factors, an individual must first probe into the past of the subject and consider the historical occurrences and circumstances that molded the topic into what it is at the present. According to related literature, accounting had many influences from the country of Poland. ... The accounting theory that originated from their region gave rise to an argument as to should have been declared as the rightful creator of the significant contribution. This is an argument unsettled until the present day (Mattessich 2008). The country of Poland had no established organizations for accounting until the year of 1907 and will not resume progressive activity until the entry of the year 1930 because of the contemporary World War II (McGee 2008). Nevertheless, positioned in the midst of the absence of autonomy and disposed under the ruling of foreign countries—Russia, Prussia and Austria, the termination of the 19th century and the commencement of the 20th century was the indication of the Polish advancement in the textile, mechanical, chemical, mining as well as craft industry. As a consequence, so too shall accounting advance in their country. 3.0 Influences to Poland’s Accounting System 3.1 History of Poland’s Accounting System One of the superior and significant pillars of the country’s system of development of the accounting profession is Marcel Scheffs who became most popular from the year of 1936 to 1939.He was known for his belief of accounting as a science and not just a mere functional trade or an effective operative strategy widely used in the maintenance of a business and the growth of economy. Scheffs employed and connected various major studies such as the supremacy of philosophical perspectives as well as political principles to improve the accounting system in Poland (Mattessich 2008). As the year of 1950 approached, the people of Poland were to employ the Uniform Chart of Accounts. This was primarily used for its structure which adopted