INTANGIBLE ASSETS VALUATION ISSUES IN ENTERPRISES FACING BANKRUPTCY IN POLAND

Assets valuation is a significant issue for operating enterprises, as well as for those facing bankruptcy. In practice, debtor assets valuation principles are regulated by domestic and international legislative acts but they not, however, fully eliminate the controversy surrounding the valuation. Intangible assets are one of the components of a debtor's assets which can cause significant differences between balance sheet and estimated values. The purpose of this paper is an analysis of Polish and internationals solutions used in balance sheet evaluation of intangible assets and how they affect the usefulness of information coming from financial statements of enterprises facing bankruptcy. The considerations are based on literature studies and the writer's own, previous studies of financial statements of enterprises facing bankruptcy.