РАЗРАБОТВАНЕ И ПРИЛАГАНЕ НА СЧЕТОВОДНА ПОЛИТИКА В УСЛОВИЯ НА ДИГИТАЛИЗАЦИЯ
DEVELOPING AND APPLYING ACCOUNTING POLICY IN DIGITALLY CIRCUMSTANCES

Author(s): Boyko Dolenski
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: accountancy policy; hierarchy of the sources; industry practices
Summary/Abstract: This report examines question about consistency, which it should be followed in developing and applying of accountancy policy by the management of the entity. The increasingly rapid digitalisation of the economy as a whole sometimes leads to the emergence of new reported items, for which there is a partial arrangement in the existing accounting standards or no regulation at all. This necessitates an up-to-date review and systematization of the requirements that apply to the development of accounting policy. The requirements of the two applicable accounting bases in the Republic of Bulgariaare reviewed – International Accounting Standards Adopted for Application in the European Union and National Accounting Standards. The review of the requirements of International Accounting Standards is based on the IFRS „Guide to the Selecting and Applying Accounting Policies – IAS 8“.

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