Influence of Representation of Mezzanine Capital on the Rule of True and Fair View

Artur Jastrzębowski () and Marek Wierzbiński ()
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Artur Jastrzębowski: Poznan University of Economics and Business
Marek Wierzbiński: Poznan University of Economics and Business

A chapter in Global Versus Local Perspectives on Finance and Accounting, 2019, pp 211-216 from Springer

Abstract: 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.

Keywords: Hybrid capital; True and fair view; Capital structure (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-11851-8_20

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DOI: 10.1007/978-3-030-11851-8_20

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