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I. Dimitrova, Y. Velcheva
Fixed Biological Assets – Specifics of Their Reporting
and Related Problems
Summary:
The focus of this paper is on the specific features of fixed biological assets in terms of their measurement, reporting, tax treatment and disclosure. The objective of the article is to analyse the rules for and ap¬proaches to accounting of fixed biological assets in compliance with AS 41 Agriculture and IAS 41 Agriculture and hence to outline solutions for creating and disclosing accounting information of improved quality.
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Ventsislav Dikov
INTELLECTUAL CAPITAL AND MARKET CAPITALIZATION
OF PUBLIC COMPANIES
Summary:
Value creation is the main goal of economic agents operating in capital markets. The subject of research are the intangible fixed assets reflecting the intellectual capital of companies. The object of the article are some current issues regarding the assessment of the influence of intellectual capital on the stock market capitalization of public companies listed on BSE - Sofia. The research hypothesis to be tested is formulated as follows: The dynamics of accounting profit can be explained by changes in intellectual capital records, as evidenced by scientific research having its evolutionary development in theory and practice. The aim is to critically review the literature on intellectual capital, value creation and company performance, identifying positive examples from BSE-Sofia of the impact of changes in intellectual capital on the market capitalization of public companies.
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Daniela Feschiyan
A Model for Financial Reporting of Fixed Tangible Assets in Public Sector Entities
Summary:
The article reviews some of the disadvantages related to the current model of financial reporting of fixed tangible assets in public sector entities. A prerequisite for the occurrence of the researched problems is the lack of standardization in the accounting system of those entities. The author suggests a standardized model and supports the thesis that the problem could only be solved through the adoption of accounting standards replacing the existing practice of regulating the accounting process in public sector entities with instructions and letters. The suggested standardized accounting model for primary recognition, current and regular valuation of fixed tangible assets projects the means and ways for improving the accounting system of public sector entities by adapting it to the conceptual framework of the International Public Sector Accounting Standards.
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Lyudmil Krystev
Guidelines for Analysing the Financial Statements of Bulgarian Publicly Traded Insurance Companies
Summary:
Financial statements provide information necessary to analyse and assess the financial position of publicly traded companies. Information users include a wide range of entities, such as creditors, suppliers, customers, investors, external control bodies, etc. This paper promotes the thesis that the information disclosed in financial statements helps investors in their decision to invest in the shares of publicly traded companies. A precise analysis of financial statements may result in a decision to purchase, not to purchase, or to sell some of the stocks of the companies which are subject to analysis. The article focuses on publicly traded companies in the insurance sector.
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N. Grozeva
Intangible Assets and Financial Disclosure Quality
Summary:
The topicality of this article is related to the current development of the economy, which is increasingly dominated by knowledge and innovation.
The article aims to reveal some aspects that are crucial for the quality of the financial reporting of intangible assets, the adherence to which would greatly facilitate the communication between participants in international markets.
The intangible assets reported in the financial statements of software companies are subject to this research.
The research hypothesis is that the utility of information about inter-nally created intangible assets would increase if it were included in the finan-cial statements of software companies.
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Georgi Angelov
A LIQUIDITY ASSESSMENT
OF THE BULGARIAN BANKING SYSTEM (2009–2013)
Summary:
Liquidity is of great significance for the stability of credit institutions and the banking system as a whole. In normal circumstances, the capital adequacy of banks is determined as a key factor for stability. But, during economic crisis, the susceptibility of credit institutions to a shortage of available cash resources in order to cover depositors’ withdrawals is intensified. This directs our attention toward effective liquidity management. Financial cataclysms on a global scale caused by the crisis in the USA during 2007, and the speedy “infection” of the economies of the developed countries showed that gaps in the management of financial institutions can lead to considerable losses on a world-wide scale.
The aim of this study is to assess the liquidity situation of the Bulgarian banking system based on generally accessible (public) information by applying ratio analysis tools. Through the use of key indicators of liquidity assessment, the trends in its development for 2007-2013 are presented. A general assessment of the liquidity situation for banks in Bulgaria is outlined.
