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Status: Required course

Period: Third year, Second semester

ECTS credits: 6

Class hours: 75 class hours (45 lectures and 30 seminars)

Language: Bulgarian


Prerequisites: completed course in Theory of Accounting


Course content

In the globalized economy financial statements establish themselves as the single language of business and a basis for making economic decisions by different user groups. Practicing the profession in the economic field requires the proper use and interpretation of information in the financial statements.


Course aim

The course aim is the students to learn the concepts, principles, regulations and procedural techniques in drawing up financial statements.


Intended learning outcomes

- Creation of accounting information, current and periodic, according to the acting accounting and tax regulations ;

- Accounting for specific transactions such as factoring of receivables, financial and operating lease, transactions in financial instruments and others;

- Extraction, compilation and systematization of accounting information in order to produce financial statements for internal and external users;

- Structure and content of financial statements for external users on the basis of International Financial Reporting Standards (IFRS);

- Extract information from financial statements to explore the financial position, performance and changes in financial position of an individual enterprise;

- Be aware of the problems of accounting theory and practice, know the technical means and information technology, including continually changing accounting regulations (national and international);

- Understand the logic of the functioning of accounting software and ERP systems;

- Draw up accounts of the operations of the company

- Create aggregated accounting data and financial indicators for the financial position, performance and changes in the financial position of the company;

- Compile key components of the financial statements in accordance with IFRS;

- Retrieve accounting information for meeting specific information needs;

- Use information from the financial statements for the analysis of liquidity, long-term debt and solvency, profitability, etc.