The study examines the impact of property, plant and equipment measurement after recognition accounting policy on financial results of the company on the example of FESCO company. The method used in the paper includes the comparison of two models: the cost model and the revaluation model. As the base for the used model recalculation the information provided by the company was applied. Three financial ratios were calculated and compared by the authors: return on assets, assets turnover ratio and equity to assets ratio. Results demonstrated the cost model significantly decreases the value of non-current assets and as a result increases the company’s effectiveness. The return on assets and assets turnover ratio increased. The revaluation model may be used by the company to increase its solvency as the equity to assets ratio increases in this case. The cost model also increases depreciation to be paid and, thus, decreases the profit before tax. The entity may use this as a tax shield and, consequently, pay less taxes. Nevertheless, profit for the year decreases while using the cost model.