Provisions In Accounting Theory And Practice

Nadezhda Popova - Yosifova () and Daniela Georgieva ()
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Daniela Georgieva: University of Economics - Varna

An Annual Book of University of Economics - Varna, 2009, vol. 81, issue 1, 286-331

Abstract: The study discusses the accounting category of "provision", by way of presenting the historical development of the accounting concepts of provisioning on a global scale, as well as studying particularpractical problems, connected with the recognition of provisions, their assessment and the announcement of information about them in the financial statements of the enterprises, adhering to the international or national accounting regulations. Due to the varied use of the term "provision" in the study there is drawn our own definition and classification of the principal categories of provision. There is put forward a methodology for the assessment of provisions, based on two principal approaches, depending on the type of provisioned liabilities and the deadline for their repayment. There are presented futureproblem areas, ensuing from the issue of provisions, which may be the object of a forthcoming scientific study.

Keywords: national provision; accounting regulations; assessment of provisions; liabilities; assessment and the announcement of information (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2009
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