GUIDELINES FOR ANALYSING THE FINANCIAL STATEMENTS OF BULGARIAN PUBLICLY TRADED INSURANCE COMPANIES

Abstract

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