{"id":12941,"date":"2025-05-20T06:47:34","date_gmt":"2025-05-20T06:47:34","guid":{"rendered":"https:\/\/pmrsa.pl\/?p=12941"},"modified":"2025-05-22T10:46:06","modified_gmt":"2025-05-22T10:46:06","slug":"accounting-and-the-economic-crisis-the-role-of-the-restructuring-advisor-in-early-warning-systems","status":"publish","type":"post","link":"https:\/\/pmrsa.pl\/en\/accounting-and-the-economic-crisis-the-role-of-the-restructuring-advisor-in-early-warning-systems\/","title":{"rendered":"Accounting and the economic crisis - the role of the restructuring advisor in early warning systems"},"content":{"rendered":"<p class=\"wp-block-paragraph\">In the era of dynamic economic changes and the increase in the number of restructuring proceedings, the importance of effective risk management tools is growing. This article analyzes the role of early warning systems in companies and the justification for engaging <a href=\"https:\/\/pmrsa.pl\/en\/court-supervisor-in-restructuring-proceedings\/\" title=\"\">restructuring advisers<\/a> already at the stage of crisis prevention. By comparing economic theory with the practice of financial audits, we point to the key determinants of insolvency and recommend specific corrective actions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Contents:<\/strong><\/p>\n\n\n\n<div class=\"wp-block-aioseo-table-of-contents\"><ul><li><a href=\"#aioseo-kilka-slow-o-artykule-posluchaj\">A few words about the article - Listen<\/a><\/li><li><a href=\"#aioseo-kryzys-jako-zjawisko-ekonomiczne\">Crisis as an economic phenomenon<\/a><\/li><li><a href=\"#aioseo-determinanty-kryzysu-wedlug-minskyego\">Determinants of the crisis according to Minsky<\/a><\/li><li><a href=\"#aioseo-zawodnosc-systemow-wczesnego-ostrzegania\">Failure of early warning systems<\/a><\/li><li><a href=\"#aioseo-znaczenie-rachunkowosci-w-diagnozowaniu-zagrozen\">The importance of accounting in diagnosing threats<\/a><\/li><li><a href=\"#aioseo-podsumowanie\">Summary<\/a><\/li><\/ul><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\" id=\"aioseo-kilka-slow-o-artykule-posluchaj\">A few words about the article - Listen<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Rachunkowosc-a-kryzys-gospodarczy.mp3\"><\/audio><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The determinants of the crisis in economic theory are still relevant in the context of the growing number <a href=\"https:\/\/pmrsa.pl\/en\/simplified-restructuring\/\" title=\"\">restructuring proceedings<\/a>. The justification for including the competences of a restructuring advisor in early warning systems in companies therefore seems reasonable from the point of view of stakeholders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-kryzys-jako-zjawisko-ekonomiczne\"><ins>Crisis as an economic phenomenon<\/ins><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The crisis itself is a natural, necessary state that results from the cyclical nature of the economy and is reflected in economic theory, however, recent years have shown how unpredictable the environment in which entrepreneurs currently operate and how many unforeseen challenges they have to face. All this means that in the face of liquidity disruptions, they are looking for solutions that will allow them to maintain their business and provide the time necessary to implement adjustment measures, which is why they are gaining popularity. <a href=\"https:\/\/pmrsa.pl\/en\/what-restructuring-of-the-company-brings\/\" title=\"\">restructuring proceedings<\/a>. The total number of restructurings in the last two calendar years increased by as much as 102.6%, which implies questions about the moment at which entrepreneurs identify threats, determinants of the crisis on a micro scale and early response systems in companies. The unreliability of early warning systems and, consequently, the lack of reliable information in real time, and not formulated ex post, has become a matter of debate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"827\" height=\"236\" src=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/1.png\" alt=\"\" class=\"wp-image-12983\" title=\"\" srcset=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/1.png 827w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/1-300x86.png 300w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/1-768x219.png 768w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/1-18x5.png 18w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The division of crisis determinants was first described by Minsky. In his work Stabilizing an Unstable Economy, he distinguished factors that are characterized by the greatest sensitivity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Table 1. Reasons for the vulnerability of the modern financial system<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"827\" height=\"354\" src=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/FR-PIT-1.png\" alt=\"\" class=\"wp-image-12989\" title=\"\" srcset=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/FR-PIT-1.png 827w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/FR-PIT-1-300x128.png 300w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/FR-PIT-1-768x329.png 768w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/FR-PIT-1-18x8.png 18w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-determinanty-kryzysu-wedlug-minskyego\"><ins>Determinants of the crisis according to Minsky<\/ins><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In his model, he noted that a crisis can be caused not only by fluctuations in highly sensitive elements, but also by information stability that promotes increased optimism, higher development forecasts, and an increased number of risky investments. Information optimism is manifested among various interest groups. The first group consists of investors who, based on the image of reality created in financial reporting, start to take increasingly <a href=\"https:\/\/pmrsa.pl\/en\/trust-agreement-trust-acquisition-of-shares-in-a-limited-liability-company\/\" title=\"\">higher investment risk<\/a>. Their tendency to take on debt is also growing. The second group are banks, which, on a wave of optimism, are expanding their lending to new risk groups that were previously excluded. There are three stages here:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>hedge financing<\/strong> - otherwise secured financing, i.e. prudent <a href=\"https:\/\/pmrsa.pl\/en\/what-is-credit-restructuring\/\" title=\"\">granting loans<\/a> preceded by a thorough analysis of creditworthiness,<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>speculative financing&nbsp;<\/strong> \u2013 otherwise known as speculative financing, i.e. loans granted to people who are able to repay the interest, and the repayment of capital installments depends on economic growth and income growth,<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ponzi financing<\/strong> \u2013 otherwise known as unsecured financing (the name ponzi comes from the creator of the first financial pyramid), i.e. loans granted to people who, at the time of application, are not able to repay them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/pmrsa.pl\/en\/company-restructuring\/\"><img decoding=\"async\" width=\"827\" height=\"354\" src=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-9.png\" alt=\"\" class=\"wp-image-12986\" title=\"\" srcset=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-9.png 827w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-9-300x128.png 300w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-9-768x329.png 768w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-9-18x8.png 18w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The third group are market participants subjected to the follow the leader phenomenon. Their actions lead to the creation of a speculative bubble, which is a derivative of many irrational and unprofitable investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The presented reasons for the sensitivity of the crisis, although developed in the 1980s, do not lose their relevance and the vast majority of them can be indicated as the sources of the decision to choose the restructuring path. In the course of analyses undertaken by restructuring advisors - whether as managers, supervisors or receivers - unfortunately, the conclusion is very often drawn that financial liabilities result primarily from banking products granted on the basis of an insufficient or too optimistic assessment of creditworthiness, and the corrective actions taken by the entity are late. The rising costs of external financing, rolling over liabilities, the development of funds financing high-risk projects, or an overly optimistic approach to the assessment <a href=\"https:\/\/pmrsa.pl\/en\/financing-for-companies\/\" title=\"\">creditworthiness <\/a>by both financial institutions and contractors (trade credit) and the lack of systems for early identification and response to the above-mentioned factors are still the main determinants of the upward trend in restructuring proceedings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When looking for reasons\/sources of delays in management information, the first line of business is data created by the accounting system. We observe a certain shift in the center of gravity from the information and control function, which had unquestionable values of universality and objectivity. The variety of purposes of information created by the accounting system, as well as the existence of a wide group of recipients, means that there is a certain space for freedom of presentation, which we also deal with in restructuring or bankruptcy audits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is necessary to strive to spread the idea of corporate social responsibility in terms of disclosed information and stricter control in terms of early warning signals, postulating the inclusion of restructuring advisors in the control processes of companies - not only within the framework of restructuring or bankruptcy proceedings. It should be noted that restructuring audits are currently gaining importance, which are carried out by restructuring advisors in the event of determining the existence of premises for the threat of insolvency or the occurrence of the insolvency phenomenon, together with a recommendation of actions within the framework of the early warning system. <a href=\"https:\/\/pmrsa.pl\/en\/how-can-i-get-an-audit-of-my-company\/\" title=\"\">Audits protect management<\/a> against liability for failure to meet statutory deadlines and contribute to the protection of creditors&#039; interests.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-zawodnosc-systemow-wczesnego-ostrzegania\"><ins>Failure of early warning systems<\/ins><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The demand for the involvement of advisors in early warning systems is justified, above all, by:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013 impartiality and objective approach to the analysis of financial data;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013 ability to evaluate economic decisions;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013 broad competences in the projection and implementation of recovery programmes;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013 interdisciplinarity of the profession;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013 knowledge of regulations and deadlines in the area of assessing the risk premise and <a href=\"https:\/\/pmrsa.pl\/en\/how-to-deal-with-a-company-crisis\/\" title=\"\">occurrence of the phenomenon of insolvency<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/pmrsa.pl\/en\/contact\/\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"354\" src=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-8.png\" alt=\"\" class=\"wp-image-12985\" title=\"\" srcset=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-8.png 827w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-8-300x128.png 300w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-8-768x329.png 768w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/Posty-na-strone-8-18x8.png 18w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Restructuring advisors have broad competences and experience in the assessment and analysis of data generated by accounting and financial reporting systems; projection of restructuring plans, opinions on the possibility of implementing arrangements, and assessment of the admissibility of granting public aid. Their competences are commonly used within early warning systems <a href=\"https:\/\/pmrsa.pl\/en\/private-creditor-test-in-restructuring-proceedings-what-it-is-what-it-contains-what-functions-it-performs\/\" title=\"\">(broadly understood controlling)<\/a> can help reduce the risk of crisis factors and accelerate decisions, protecting enterprises and the interests of the entire business environment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-znaczenie-rachunkowosci-w-diagnozowaniu-zagrozen\"><ins>The importance of accounting in diagnosing threats<\/ins><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"236\" src=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/2.png\" alt=\"\" class=\"wp-image-12984\" title=\"\" srcset=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/2.png 827w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/2-300x86.png 300w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/2-768x219.png 768w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/05\/2-18x5.png 18w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-podsumowanie\"><ins>Summary<\/ins><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The inclusion of restructuring advisors in the control processes of companies provides significant support in the fight against the coming crises. Their competences \u2013 from the analysis of financial data to the design of corrective actions \u2013 can effectively support early warning systems, minimizing the risk of insolvency and protecting the interests of both companies and their creditors. It is therefore worth treating restructuring audits not as a last resort, but as a permanent element of the risk management strategy.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/pmrsa.pl\/en\/about-us\/\"><img loading=\"lazy\" decoding=\"async\" width=\"775\" height=\"185\" src=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/03\/22-o-nas.jpg\" alt=\"\" class=\"wp-image-11829\" title=\"\" srcset=\"https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/03\/22-o-nas.jpg 775w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/03\/22-o-nas-300x72.jpg 300w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/03\/22-o-nas-768x183.jpg 768w, https:\/\/pmrsa.pl\/wp-content\/uploads\/2025\/03\/22-o-nas-18x4.jpg 18w\" sizes=\"(max-width: 775px) 100vw, 775px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>W dobie dynamicznych zmian gospodarczych i wzrostu liczby post\u0119powa\u0144 restrukturyzacyjnych, ro\u015bnie znaczenie skutecznych narz\u0119dzi zarz\u0105dzania ryzykiem. Niniejszy artyku\u0142 analizuje rol\u0119 system\u00f3w wczesnego ostrzegania w firmach oraz zasadno\u015b\u0107 zaanga\u017cowania doradc\u00f3w restrukturyzacyjnych ju\u017c na etapie prewencji kryzysu. Zestawiaj\u0105c teori\u0119 ekonomii z praktyk\u0105 audyt\u00f3w finansowych, wskazujemy na kluczowe determinanty niewyp\u0142acalno\u015bci oraz rekomendujemy konkretne dzia\u0142ania naprawcze. Spis Tre\u015bci: Kilka s\u0142\u00f3w o artykule- Pos\u0142uchaj Determinanty kryzysu w teorii ekonomii nadal s\u0105 aktualne w kontek\u015bcie rosn\u0105cej liczby post\u0119powa\u0144 restrukturyzacyjnych. Zasadno\u015b\u0107 w\u0142\u0105czenia kompetencji doradcy restrukturyzacyjnego do system\u00f3w wczesnego ostrzegania w przedsi\u0119biorstwach wydaje si\u0119 zatem celowa z punktu widzenia interesariuszy. Kryzys jako zjawisko ekonomiczne Kryzys sam w sobie jest naturalnym stanem niezb\u0119dnym, kt\u00f3ry wynika z cykliczno\u015bci w gospodarce i znajduje swoje odzwierciedlenie w teorii ekonomii, jednak\u017ce ostatnie lata pokaza\u0142y w jak bardzo nieprzewidywalnym otoczeniu funkcjonuj\u0105 obecnie przedsi\u0119biorcy i z jak bardzo nieprognozowanymi wyzwaniami musz\u0105 si\u0119 mierzy\u0107. Wszystko to sprawia, \u017ce w obliczu zachwiania p\u0142ynno\u015bci szukaj\u0105 oni rozwi\u0105za\u0144, kt\u00f3re pozwol\u0105 utrzyma\u0107 dzia\u0142alno\u015b\u0107 oraz zapewni\u0105 czas niezb\u0119dny na wprowadzenie dzia\u0142a\u0144 dostosowawczych, dlatego te\u017c na popularno\u015bci zyskuj\u0105 post\u0119powania restrukturyzacyjne. \u0141\u0105cznie liczba restrukturyzacji w okresie ostatnich dw\u00f3ch lat kalendarzowych zwi\u0119kszy\u0142a si\u0119 a\u017c o 102,6%, co implikuje pytania o moment, w kt\u00f3rym przedsi\u0119biorcy identyfikuj\u0105 zagro\u017cenia, determinanty kryzysu w skali mikro i systemy wczesnego reagowania w firmach. Dyskusyjna sta\u0142a si\u0119 zawodno\u015b\u0107 system\u00f3w wczesnego ostrzegania, a co za tym idzie brak rzetelnej informacji w czasie rzeczywistym, a nie formu\u0142owanej ex post. Podzia\u0142 determinant kryzysu zosta\u0142 po raz pierwszy opisany przez Minsky\u2019ego. W swojej pracy Stabilizing an Unstable Economy wyr\u00f3\u017cni\u0142 czynniki, kt\u00f3re charakteryzuj\u0105 si\u0119 najwi\u0119ksz\u0105 wra\u017cliwo\u015bci\u0105. Tabela 1. Przyczyny wra\u017cliwo\u015bci wsp\u00f3\u0142czesnego systemu finansowego Determinanty kryzysu wed\u0142ug Minsky\u2019ego W swoim modelu zauwa\u017cy\u0142, \u017ce do kryzysu mog\u0105 doprowadzi\u0107 nie tylko wahania element\u00f3w o du\u017cym stopniu wra\u017cliwo\u015bci, ale r\u00f3wnie\u017c stabilno\u015b\u0107 informacyjna sprzyjaj\u0105ca wzrostowi optymizmu, podwy\u017cszeniu prognoz rozwojowych i zwi\u0119kszonej liczby inwestycji ryzykownych. Optymizm informacyjny przejawia si\u0119 w\u015br\u00f3d r\u00f3\u017cnych grup interesu. Pierwsz\u0105 grup\u0119 stanowi\u0105 inwestorzy, kt\u00f3rzy na podstawie kreowanego obrazu rzeczywisto\u015bci w sprawozdawczo\u015bci finansowej zaczynaj\u0105 podejmowa\u0107 coraz wy\u017csze ryzyko inwestycyjne. Wzrasta tak\u017ce ich sk\u0142onno\u015b\u0107 do zad\u0142u\u017cania. Drug\u0105 grup\u0105 s\u0105 banki, kt\u00f3re na fali optymizmu rozszerzaj\u0105 akcje kredytow\u0105 na coraz to nowe grupy ryzyka, wcze\u015bniej z niej wykluczone. Wyst\u0119puj\u0105 tu trzy etapy: hedge financing \u2013 inaczej finansowanie zabezpieczone, tj. ostro\u017cne udzielanie kredyt\u00f3w poprzedzane gruntown\u0105 analiz\u0105 zdolno\u015bci kredytowej, speculative financing&nbsp; &#8211; inaczej finansowanie spekulacyjne, tj.&nbsp; kredyty udzielane osobom kt\u00f3re s\u0105 w stanie sp\u0142aca\u0107 odsetki, a sp\u0142ata rat kapita\u0142owych zale\u017cy od wzrostu gospodarczego i wzrostu dochod\u00f3w, ponzi financing \u2013 inaczej finansowanie niezabezpieczone (nazwa ponzi pochodzi od tw\u00f3rcy pierwszej piramidy finansowej), tj. kredyty udzielane osobom, kt\u00f3re w momencie wnioskowania nie maj\u0105 zdolno\u015bci do ich sp\u0142aty. Trzecia grupa to uczestnicy rynku poddani oddzia\u0142ywaniu zjawiska follow the leader. Ich dzia\u0142ania prowadz\u0105 do powstania ba\u0144ki spekulacyjnej, kt\u00f3ra jest pochodn\u0105 wielu irracjonalnych i nierentownych inwestycji. Prezentowane przyczyny wra\u017cliwo\u015bci kryzysu pomimo, i\u017c opracowane jeszcze w latach 80 XX w. nie trac\u0105 na aktualno\u015bci i znakomit\u0105 wi\u0119kszo\u015b\u0107 z nich mo\u017cna wskaza\u0107 jako le\u017c\u0105ce u \u017ar\u00f3de\u0142 decyzji o wyborze \u015bcie\u017cki restrukturyzacji. W toku analiz podejmowanych przez doradc\u00f3w restrukturyzacyjnych &#8211; czy to w funkcji zarz\u0105dcy, nadzorcy, czy ju\u017c syndyka &#8211; niestety bardzo cz\u0119sto nasuwa si\u0119 wniosek, i\u017c zobowi\u0105zania finansowe wynikaj\u0105 przede wszystkim z produkt\u00f3w bankowych udzielanych w oparciu o niedostateczn\u0105 lub zbyt optymistyczn\u0105 ocen\u0119 zdolno\u015bci kredytowej, a dzia\u0142ania naprawcze podj\u0119te przez podmiot s\u0105 sp\u00f3\u017anione. Rosn\u0105ce koszty finansowania zewn\u0119trznego, rolowanie zobowi\u0105za\u0144, rozw\u00f3j funduszy finansuj\u0105cych przedsi\u0119wzi\u0119cia o du\u017cym ryzyku, czy zbyt optymistyczne podej\u015bcie do oceny zdolno\u015bci kredytowej zar\u00f3wno przez instytucje finansowe jak i kontrahent\u00f3w (kredyt kupiecki) oraz brak system\u00f3w wczesnej identyfikacji i reagowania na w\/w czynniki stanowi nadal g\u0142\u00f3wne determinanty trendu wzrostowego post\u0119powa\u0144 restrukturyzacyjnych. Poszukuj\u0105c przyczyn \/ \u017ar\u00f3de\u0142 op\u00f3\u017anienia informacji zarz\u0105dczej na pierwszej linii pojawiaj\u0105 si\u0119 dane kreowane przez system rachunkowo\u015bci. Obserwujemy pewne przesuni\u0119cie \u015brodka ci\u0119\u017cko\u015bci z funkcji informacyjno-kontrolnej, kt\u00f3ra mia\u0142a niekwestionowane walory uniwersalizmu i obiektywno\u015bci. R\u00f3\u017cnorodno\u015b\u0107 cel\u00f3w informacji kreowanej przez system rachunkowo\u015bci, a tak\u017ce istnienie szerokiej rzeszy odbiorc\u00f3w sprawia, \u017ce pojawia si\u0119 pewna przestrze\u0144 swobody prezentacji, z kt\u00f3r\u0105 mierzymy si\u0119 r\u00f3wnie\u017c w ramach audyt\u00f3w restrukturyzacyjnych czy upad\u0142o\u015bciowych. D\u0105\u017cy\u0107 nale\u017cy do szerzenia idei spo\u0142ecznej odpowiedzialno\u015bci przedsi\u0119biorstw w zakresie ujawnianych informacji oraz \u015bci\u015blejszej kontroli w zakresie sygna\u0142\u00f3w wczesnego ostrzegania postuluj\u0105c w\u0142\u0105czenie kompetencyjnie doradc\u00f3w restrukturyzacyjnych w procesy kontrolne firm \u2013 nie tylko w ramach post\u0119powa\u0144 restrukturyzacyjnych, czy upad\u0142o\u015bciowych. Nale\u017cy zwr\u00f3ci\u0107 uwag\u0119, \u017ce aktualnie na znaczeniu zyskuj\u0105 audyty restrukturyzacyjne, kt\u00f3rych dokonuj\u0105 doradcy restrukturyzacyjni na okoliczno\u015b\u0107 stwierdzenia zaistnienia przes\u0142anek zagro\u017cenia niewyp\u0142acalno\u015bci lub wyst\u0105pienia zjawiska niewyp\u0142acalno\u015bci wraz z rekomendacj\u0105 dzia\u0142a\u0144 w ramach systemu wczesnego ostrzegania. Audyty zabezpieczaj\u0105 zarz\u0105d przed odpowiedzialno\u015bci\u0105 za niedochowanie termin\u00f3w ustawowych oraz przyczyniaj\u0105 si\u0119 do ochrony interes\u00f3w wierzycieli. Zawodno\u015b\u0107 system\u00f3w wczesnego ostrzegania Postulat zaanga\u017cowania doradc\u00f3w w systemy wczesnego ostrzegania znajduje uzasadnienie, przede wszystkim w: &#8211; bezstronno\u015bci i obiektywnym podej\u015bciu do analizy danych finansowych; &#8211; umiej\u0119tno\u015bci oceny decyzji gospodarczych; &#8211; szerokich kompetencjach w zakresie projekcji i wdra\u017cania program\u00f3w naprawczych; &#8211; interdyscyplinarno\u015bci zawodu; &#8211; znajomo\u015bci przepis\u00f3w i termin\u00f3w w zakresie oceny przes\u0142anki zagro\u017cenia i wyst\u0105pienia zjawiska niewyp\u0142acalno\u015bci. Doradcy restrukturyzacyjni posiadaj\u0105 szerokie kompetencje i do\u015bwiadczenie w zakresie oceny i analizy danych kreowanych przez systemy rachunkowo\u015bci i sprawozdawczo\u015bci finansowej; projekcji plan\u00f3w restrukturyzacyjnych, opinii o mo\u017cliwo\u015bci realizacji uk\u0142ad\u00f3w, a\u017c po ocen\u0119 dopuszczalno\u015bci udzielenia pomocy publicznej. Wykorzystanie ich kompetencji powszechnie w ramach system\u00f3w wczesnego ostrzegania (szeroko rozumianego kontrolingu) mo\u017ce przyczyni\u0107 si\u0119 do ograniczenia ryzyka wyst\u0105pienia czynnik\u00f3w kryzysu i przyspieszenia decyzji zabezpieczaj\u0105c przedsi\u0119biorstwa, jak i interesy ca\u0142ego otoczenia biznesowego. Znaczenie rachunkowo\u015bci w diagnozowaniu zagro\u017ce\u0144 Podsumowanie W\u0142\u0105czenie doradc\u00f3w restrukturyzacyjnych do proces\u00f3w kontrolnych przedsi\u0119biorstw stanowi istotne wsparcie w walce z nadchodz\u0105cymi kryzysami. Ich kompetencje \u2013 od analizy danych finansowych po projektowanie dzia\u0142a\u0144 naprawczych \u2013 mog\u0105 skutecznie wspom\u00f3c systemy wczesnego ostrzegania, minimalizuj\u0105c ryzyko niewyp\u0142acalno\u015bci oraz chroni\u0105c interesy zar\u00f3wno firm, jak i ich wierzycieli. Warto zatem traktowa\u0107 audyty restrukturyzacyjne nie jako ostatni\u0105 desk\u0119 ratunku, lecz jako sta\u0142y element strategii zarz\u0105dzania ryzykiem.<\/p>","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"ppma_author":[33],"class_list":["post-12941","post","type-post","status-publish","format-standard","hentry","category-blog"],"authors":[{"term_id":33,"user_id":14,"is_guest":0,"slug":"m-zarownapmr-restructuring-pl","display_name":"Marta Zar\u00f3wna","avatar_url":{"url":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/09\/user03-1.jpg","url2x":"https:\/\/pmrsa.pl\/wp-content\/uploads\/2024\/09\/user03-1.jpg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/12941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/comments?post=12941"}],"version-history":[{"count":0,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/posts\/12941\/revisions"}],"wp:attachment":[{"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/media?parent=12941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/categories?post=12941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/tags?post=12941"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/pmrsa.pl\/en\/wp-json\/wp\/v2\/ppma_author?post=12941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}