CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING – ISSUES FOR DISCUSSION AND PROSPECTS Cover Image

КОНЦЕПТУАЛНА РАМКА ЗА ФИНАНСОВА ОТЧЕТНОСТ – ДИСКУСИОННИ ВЪПРОСИ И ПЕРСПЕКТИВИ
CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING – ISSUES FOR DISCUSSION AND PROSPECTS

Author(s): Nadezhda Popova-Yosifova
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: International Accounting Standards;Conceptual Framework;financial reporting

Summary/Abstract: he formation of the Conceptual Framework for Financial Reporting is a slow evolutionary process influenced by numerous economic, social and political factors worldwide. Recently, the contents of the framework has been intensively discussed by professional organizations, researchers in accounting and finance and other persons concerned. These issues become more and more live and significant, since the Conceptual Framework for Financial Reporting is designated for both facilitating International Accounting Standards Board (IASB) in improving the standards and guiding all parties concerned in their interpretation, as well as assisting any financial report compilers where the standards allow the choice of accounting policies. The present article shows an analysis of the basic issues in the contents of the Conceptual Framework for Financial Reporting, it presents a chronology of the development of the framework and discussions on publications of leading professional organizations and researchers.

  • Issue Year: 2017
  • Issue No: 04
  • Page Range: 19-36
  • Page Count: 18
  • Language: Bulgarian