ПРОБЛЕМИ НА ОПОВЕСТЯВАНЕТО НА ИНФОРМАЦИЯТА ВЪВ ФИНАНСОВИТЕ ОТЧЕТИ НА БАНКИТЕ И БЮДЖЕТНИТЕ ПРЕДПРИЯТИЯ

Abstract

Information support of investment decisions is a key problem for all business entities. Today, under the conditions of deepening economic crisis it is even more topical. With Bulgaria’s accession to the European Union the accounting practices of banks and state-owned businesses in the country became an integral part of the process of internationalization of the various approaches, methods, and regulations for accounting and reporting of business operations. These new trends of development set higher requirements for the accounting systems of our banks and state-owned businesses regarding the information included in their financial statements. The study covers the existing accounting practices in terms of reporting and communicating of information in the annual financial statements (AFS) of Bulgarian banks and state-owned businesses. The main thesis of the study is that there are possibilities for improvement of the structure and contents of the annual financial statements of such banks and stateowned businesses in order to ensure the transparency of the financial information and hence to guarantee the accuracy of the resulting evaluations and forecasts as well as adequate managerial decisions. The approbation of these possibilities in the practice of banks and state-owned businesses would result in an information resource which would be useful for the market participants and the society as a whole and would ensure a better efficiency of the market.