Significance of the Documents in the Accounting Reflection of the International Trade Transactions of the Enterprises
Significance of the Documents in the Accounting Reflection of the International Trade Transactions of the Enterprises

Author(s): Diana Petrova
Subject(s): Politics / Political Sciences, Politics, Economy, International relations/trade, Financial Markets, Accounting - Business Administration, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: documentation; international trade activity; international trade transactions; accounting; accounting information
Summary/Abstract: The problems related to documentation and accounting reflection of international trade transactions are particularly important and topical for the enterprises that operate internationally in contemporary conditions of continuously increasing globalization. The main purpose of the paper is to explore the role, importance and specifics of documentation of international trade transactions from the perspective of accounting, arising from their economic essence, technology and characteristic features. In methodological terms, in order to achieve depth in the study of accounting issues, the paper applies an interdisciplinary approach. Through it, an integrated use of knowledge from different scientific fields is ensured and theoretical statements from the field of accounting science are considered in combination with theoretical knowledge from other scientific fields, including international economics, international economic relations, international management and marketing. The historical approach and the systematic approach, as well as the methods of observation, analysis and synthesis, induction and deduction, are also used in carrying out the research. The results from the study lead to the conclusion that standardized documents, procedures and information flows based on globally accepted rules in the field of international business contribute to the growth of global trade through the important advantages and benefits they provide.

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