O sensie stosowania modelu przeszacowania do wyceny środków trwałych

This paper undertakes evaluation of the cost model and the revaluation model to examine if the latter is really needed for measuring property, plant and equipment. This question arose from the authors' analysis of the practice of Polish listed companies when preparing financial statements in accordance with IFRS. The research shows that only a very few of them use the revaluation model. In the authors' opinion, the revaluation model is not necessary for measuring property, plant and equipment. They try to demonstrate that applying the cost model does not impair the quality of financial statements (on condition that this model is used correctly, mainly in respect of deprecia- tion). Entities which prepare financial statements under IFRS and want their balance sheet to present useful economic information do not need to choose the revaluation model. They can achieve the same objective by applying the cost model (except perhaps for real estate, especially land). Therefore the cost model should continue to be an option for measuring property, plant and equipment under global accounting standards, despite their general orientation towards fair value