Надеждно ли е отчитането на отделните активи и пасиви по справедливата стойност за счетоводни цели, до колко устойчива и чувствителна е така представената счетоводна информация в годишните финансови отчети
Is the Reporting of Individual Assets and Liabilities at Fair Value for Accounting Purposes Reliable, How Sustainable and Sensitive is the Accounting Information Thus Presented in the Annual Financial Statements

Author(s): Kalina Kavaldzhieva
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: accounting valuation; fair value; relevance of financial information
Summary/Abstract: This paper examines the appropriateness of accounting for individual assets and liabilities at fair value. The issue of the reliability, sustainability and sensitivity of the accounting information thus presented in the Annual Financial Statements is investigated. An answer is sought to the question of how useful it is for the users of the financial statements, the information presented in them, generated on the basis of assessed assets and liabilities at fair value. For this purpose, the influence of the different methods for deriving fair value on the different valuation objects for accounting purposes was analyzed. The main valuation techniques/approaches are Income, Cost and Comparative, according to IFRS 13 „Fair Value“ and the Bulgarian Valuation Standards. Accordingly, the reliability of the information used is assessed as to how reliable the accounting information reflected in the Company's Balance Sheet could be. The results of the research show that the recognition and evaluation of individual assets and liabilities in the accounting balance at fair value can be treated simultaneously as having and not having informational utility for users. With provable input information in the application of the individual techniques and approaches, the fair value is reliably determined and is sustainable and credible. In case of unprovable input information, the fair value is unreliable and unreliable. These results substantiate the conclusion that, for the moment, in Bulgaria, fair value accounting of individual assets and liabilities is well regulated and relevant, as it is of great importance for the decisions that users of financial statements can make. Therefore, the application of fair value accounting of assets and liabilities is recommended.

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