IMPROVING THE MODEL OF UNCAPITALIZED ASSETS ACCOUNTING IN PUBLIC SECTOR ENTERPRISES

Authors

Keywords
public sector accounting, uncapitalized assets, International Public Sector Accounting Standards, accounting, accounting model

Summary
This article focuses on some shortcomings in the model of uncapitalized assets accounting in public sector enterprises. The lack of standardization of the accoun-ting system in public sector enterprises is a prerequisite for the issues discussed. Despite the presence of a number of methodologies and guidelines there is still not a standardized approach for accounting the studied group of assets. The author proposes a sophisticated accounting model and argues that the problem can be solved only by the adoption of accounting standards which should replace the current practice of regulating public sector accounting by instructions and letters. The proposed accounting model will increase the reliability and credibility of accounting information and will ultimately improve accounting methodology

JEL: Ì41
Pages: 10
Price: 3 Points

More titles

  • ON SOME ASPECTS OF CONTINUING VOCATIONAL TRAINING IN BULGARIA

    This study focuses on issues related to continuing vocational training (CVT) in Bulgaria. Its significance in building a knowledge economy is in compliance with modern views. Some key indicators of its scope and importance in EU countries are analyzed. Major problems with continuous vocational training are revealed and the fundamental trends for ...

  • CREATIVITY AND SUSTAINABLE TOURISM DEVELOPMENT

    The article justifies the need for targeted development of destination creativity as a sustainable tourism resource. The economic significance and the way this resource adds value to tourism is outlined. The role of creativity in tourism development is identified on the basis of the systematization of discussions existing in scientific literature ...

  • AN ECONOMETRIC ANALYSIS OF THE INVESTMENT FUNCTION FOR BULGARIA ALLOWING FOR THE IMPACT OF STRUCTURAL BREAKS

    An investment function is a concept or strategy within economics that helps to identify the connection between shifts in the national income and the investment patterns that take place within that particular national economy. The present study uses the Vector Error Correction Model (VECM) to examine the long-run and short-run relationships between ...