FACTORS, INFLUENCING PROFESSIONAL JUDGEMENTS OF ACCOUNTANTS IN BULGARIA

Eleonora Stancheva-Todorova () and Iliyana Ankova ()
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Eleonora Stancheva-Todorova: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski
Iliyana Ankova: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2018, vol. 15, issue 1, 289-303

Abstract: Nowadays companies’ economic activities are becoming more complex which makes professional decision making process much harder to different parties involved. Financial reporting focus is changing to accounting policies disclosure, accounting estimates and professional judgements as they bring bias into financial statements preparation. The purpose of this paper is to study factors, influencing professional judgements of accountants in Bulgaria in applying the requirements of the International Financial Reporting Standards. These factors are characterized with a diversity, interdependence and complex influence and they should be considered with attention. Most of them are analysed in the current paper. Some possibilities for efficiency improvement of accountants’ professional judgements in our country are considered based on best international practices, including a new and more active role of Bulgarian higher accounting education (specialized master’s program courses, simulations, etc.).

Keywords: professional judgements; factors; higher accounting education. (search for similar items in EconPapers)
Date: 2018
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