The analysis of the harmonisation of the semantic content of selected accounting terms in legal texts, professional regulation and scientific literature

The paper analyses harmonisation of the semantic content of terms liquidity, solvency and over-indebtedness in legal texts, professional regulation, and national scientific literature in the field of accounting. Despite the fact that professional regulation have a unique and clear position on the issue of the semantic content of terms liquidity and solvency, in legal texts, these terms are not clearly and precisely enough delimited, while scientific literature is full of confusions in respect to these terms. The term over-indebtedness is a term which is used almost daily. However, as this is the term which, as a rule, is not mentioned in financial and accounting literature, business people do not usually attach correct semantic content to this term, nor do they clearly demarcate it in relation to the term solvency, despite the fact that the legislator adequately defined it.