Adoption Of Ifrs In Bulgaria
Introduction of IFRS for small and medium companies in
Bulgaria
In this essay we discuss the development and adoption of the International Financial Reporting Standards (IFRS) in the Republic of Bulgaria. Most of the characteristics and features apply not only to this country, but also to most developing economies in Europe. The IFRS are a set of standards which imply rules, methods and governance for reporting and interpreting financial data. The purpose of the IFRS is to develop a set of universal standards to be applied and comprehended worldwide, in order to achieve harmonization and standardization among reporting entities.
Bulgaria was accepted as a member of the European Union on 1 of January 2007. A number of obligations set by the EU had to be completed in order for this to happen. One of them was the adoption of the IFRS for listed companies by the end of year 2005. Actually, this happened by the end of year......
View the rest of this paper...
Approximate Word Count: 1162
Approximate Pages: 5 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
Adoption Of Ifrs In Bulgaria
Adoption Of Ifrs In Bulgaria Introduction of IFRS for small and medium companies in Bulgaria In this essay we discuss the development and adoption of the International Financial
-
-
-
-
Frat Files
Members
Information
© 2009 FratFiles.com.