СПЕЦИФИЧНИ АСПЕКТИ ПРИ ИЗГОТВЯНЕТО НА ГОДИШНИТЕ ФИНАНСОВИ ОТЧЕТИ НА ДРУЖЕСТВАТА СЪС СПЕЦИАЛНА ИНВЕСТИЦИОННА ЦЕЛ (АДСИЦ)
SPECIFIC ASPECTS OF THE PREPARATION OF THE ANNUAL FINANCIAL STATEMENTS OF SPECIAL-PURPOSE VEHICLES (SPV)

Author(s): Maia Natchkova
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: financial statements; special-purpose vehicles; investments
Summary/Abstract: Under the conditions of market-oriented economy new forms of investments occur, which are more profitable than the investments in bank money deposits. Special-purpose vehicles (SPV), which prove to be low-risk forms of cash investments, are among these new forms in which natural persons and legalentities may invest their available cash. The public importance and development of special-purpose vehicles require their strict individual accounting, analyzing and auditing, dynamic and efficient management and special supervision by a governmental supervision authority. The supervision of the specific activity pursued by such companies in a high-risk environment allows early finding, identification and alerting of instances of financial frauds and crimes with the funds of the investors. The purpose of this report is to outline the accounting principles, rules and good practices ensuring true and fair presentation of accounting information in the special-purpose vehicles’ financial statements,improved management of their assets and capitals, and increased yield of the investments made in them.

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