• Icon to change language to english
  • Icon to change language to english

CHALLENGES FACING THE NEW ACCOUNTING REGULATIONS

Authors

Keywords
Accounting regulations, Accountancy Act, National Accounting Standards, types of enterprises, accounting basis

Summary
This paper aims to study the new formulations in the accounting regulations that give rise to challenges posed by certain contradictions in their interpretation and potential problems in their implementation. The research tasks that support the realization of the objective set boil down to: highlighting the new aspects, weaknesses and shortcomings in the Accountancy Act; a critical analysis of the changes made in the system of National Accounting Standards; and opening up opportunities for applying the new AS 42 First-time Application of the National Accounting Standards.

The above stated leads to the research thesis: Based on the research done in the field of the new accounting regulations to identify the contradictions, weaknesses and shortcomings in the regulations and to formulate guidelines and ideas for improving them in their future updates. The paper discusses the new aspects in the accounting regulations and the contradictions both in the Accountancy Act and between the Act and the bylaws (NAS), as well as between the NAS General Provisions and the particular accounting standards. It also shows the possibilities for eliminating them, as well as the guidelines for their improvement and highlights the specifics of the new AS 42 First-time Application of the National Accounting Standards and its application

JEL: M 41
Pages: 30
Price: 3 Points

More titles

  • CONVERGENT APPROACH FOR RISK-RETURN ANALYSIS OF CAPITAL MARKETS IN EU28

    The integration of capital markets within the EU poses some very interesting issues to investment management. In this paper we examine the integration process and the effect over the risk-return characteristics of a portfolio comprised of European stocks. The results show that the information signals from the process of integration can serve as ...

  • ASSESSMENT OF THE EVENT TOURISM IMPACTS ON THE HOST COMMUNITY IN BULGARIA

    The main objective of the study is based on a model designed for aggregated assessment of the impacts of the event tourism to analyze and evaluate the main positives and negatives on the host community in Bulgaria. So the goal is decomposed in the following research objectives: • Proposing a model for assessing the impacts of event tourism on the ...

  • RESEARCH ON THE PROCESSES OF INTEGRATION AND DIFFERENTIATION IN THE EUROPEAN UNION

    The international regional integration and the processes taking place at the economic formations have been the subject of numerous economic, political and sociological studies since the 1950s. The core question that arises, in this regard, is if there can be noticed occurrence of processes, contradictory to the integration – processes of ...