Ретроспекция на международните стандарти за финансово отчитане и прилагането им в България
Retrospection of International Financial Reporting Standards and Their Application in Bulgaria

Author(s): Kameliya Savova
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: International Financial Reporting Standards; IFRS Foundation; public companies; Bulgaria; national accounting standards
Summary/Abstract: International Financial Reporting Standards are a global accounting framework adopted in over a hundred and forty countries worldwide, mainly for the financial reporting of public companies. Their evolution began in the early 1980s and they are now internationally recognized, with professional bodies to establish and manage. Their application in the reporting of enterprises in Bulgaria is established by law and complies with the accounting regulations in the European Union. The last five years there has been tendency of decrease in the number of companies in our national economy that apply IFRS as an accounting basis. There is also a significant decline during the global COVID pandemic.

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