СЧЕТОВОДНИТЕ ПРИБЛИЗИТЕЛНИ ОЦЕНКИ В СЧЕТОВОДНАТА ТЕОРИЯ
ACCOUNTING ESTIMATES IN ACCOUNTING THEORY

Author(s): Valentina Staneva
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: accounting valuation; uncertainty; creative practices; change in the application of accounting valuation; conservatism in accounting
Summary/Abstract: Accounting, as an integral part of public financial relations, follows modern trends and recommendations for the development of the economy, in accordance with the public needs and expectations of creating and presenting correct and honest accounting information in the financial statements of enterprises. Its modern development involves the use of creative practices andapproaches based on proven in theory and practice of classical accounting methods, methods and methods of analysis, evaluation and control of various facts of business, events and processes. The application of accounting estimates is a relatively new and debatable issue in accounting theory and practice. The lack of sufficient research in this area of accounting knowledge is explained by theconditions created for its ambiguous and contradictory perception by researchers, which opens the opportunity to offer new approaches to theoretical explanation. Most of the theoretical statements in this area of knowledge are due to the development of international accounting standards and their constant changes. The uncertainty caused by the interpretation of the results resulting from the useof accounting estimates in the financial statements of enterprises creates prerequisites for linking their application to manipulations in the financial statements and incorrect performance of their property and financial condition. Based on these assumptions, it is justified to conduct a restrictive tax policy aimed at preventing their use in practice. Without knowing the essence of the accounting assessment and the prerequisites for the implementation of their changes, the introduced tax restrictions limit the unjustified possibility of their use in practice. Conservatism in accounting explains the complex interpretation of applied creative practices and approaches, at the same time resistance to their practical application is most often associated with the additional load of accounting specialists in practice and the consequences of their application in the activities of enterprises.The purpose of this study is to systematize the conditions, characteristics and prerequisites for the use of accounting estimates and opportunities for implementing changes in their use on the basis of the leading theoretical concepts on the application of accounting estimates, as well as the existing system at the international and national levels in the field of accounting.

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