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Accounting

We guarantee comprehensive accounting services for our customers. We support them in the creation of accounting departments and we oversee their functioning.

Accounting services and taxes

Accounting services and taxes
Reporting

Reporting
System solutions

System solutions
Accounting

Reporting

To improve your decision-making, regular access to accounting data, the change process and the monitoring of the financial standing of your business, you may use several variants of our reporting assistance.

Our offer includes in particular:

Audyt ogólny

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Preparation of  XBRL statements – ESEF 

According to the regulations introduced by a directive of the European Commission, annual financial statements must be prepared in the ESEF (European Single Electronic Format) as of 1 January 2020.

The obligation applies in particular to issuers from the European Union whose securities are admitted to trading in regulated market in the EU. In Poland they are companies from the stock exchange main market.

The main ESEF reporting assumptions are that all annual reports prepared by issuers will be created and published in the XHTML format. As a result it will be possible to read every report via a standard web browser.

Secondly, consolidated financial statements prepared according to the International Financial Reporting Standards (IFRS) will be tagged with the XBRL markup language.

XBRL is an Extensible Business Reporting Language that simplifies and accelerates reporting and analysis of financial information. The basic element of the XBRL is taxonomy, i.e. a glossary with a set of information defining and classifying the terms that may appear in financial statements. For listed companies, there is ESEF taxonomy, which contains terms known from the IFRS.

The new ESEF requirements apply to the financial years starting on or after 1 January 2020. Some changes do not apply until 2022. The new arrangements will become effective in two stages.

At stage one (from 1 January 2020), the basic elements of financial statements other than notes will be tagged in detail.

At stage two (from January 2022), notes to financial statements will be tagged, at a collective level.

Considering that the regulations are brand new and they contain many new and complicated terms and technological abbreviations, Mac Auditor helps its clients prepare financial statements consistent with the ESEF. Our services are addressed to obligated entities which do not have the expertise to prepare the financial statements and lack the required software or do not want to introduce it. The services are adapted to the demands of specific clients to respond to their needs.

In connection with the COVID-19 epidemic, the Polish Ministry of Finance and the Polish Financial Supervision Authority (KNF) have decided to postpone the obligation to apply ESEF in the financial accounting of issuers by one year, while retaining the option to report in this format for 2020.

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