Evaluation and Effectiveness of the Adaptation of Evaluation Standards to the Training, Business Environment and Practices in the Republic of Bulgaria

Stoyan Stoyanov, Nikolay Oresharov, Oleg Dimov, Nikolina Nikolova and Kalina Kavaldzhieva
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Stoyan Stoyanov: University of National and World Economy, Sofia, Bulgaria
Nikolay Oresharov: University of National and World Economy, Sofia, Bulgaria
Oleg Dimov: University of National and World Economy, Sofia, Bulgaria
Nikolina Nikolova: University of National and World Economy, Sofia, Bulgaria
Kalina Kavaldzhieva: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2022, issue 1, 69-79

Abstract: Going through a series of crisis and post-crisis periods over the last twenty years has had a serious negative impact on the overall value of assets, liabilities and capital used for both private and public purposes. At the same time, the pressure on all levels of management decision-making in both the private and public sectors to deliver more and better services is growing. This requires a rethinking of the way in which the different types of values of the different types of assets, liabilities and capital are derived. The creation of different valuation standards in different countries is a prerequisite for a more correct and more efficient valuation of various assets, services, capital, etc. objective and subjective relations in an operating business unit. In this way there will be a prerequisite to make more effective management decisions in relation to the expenditure of resources. On the one hand, due to global trends for legislation change, climate change, energy efficiency, etc., the standards and evaluation methods themselves are evolving, which is of particular importance for our country. On the other hand, the specifics of our economy and legislation are a prerequisite for imposing the need to develop national valuation standards to provide a prerequisite for more accurate derivation of different types of values, which affects the correct and fair presentation of assets and liabilities on management decisions. The present study aims to measure and analyze the need for national assessment standards and their impact on educational programs. The results of the calculations of the evaluation and the effectiveness of the adaptation of the evaluation standards show that the differences in the philosophy and application of the individual standards in individual countries are significant, which is a prerequisite for the differences in the derived values. This requires the creation of specific disciplines for assessment training.

Keywords: valuation; fair value; valuation standards (search for similar items in EconPapers)
JEL-codes: C52 D51 H43 M41 (search for similar items in EconPapers)
Date: 2022
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