IDEAS home Printed from https://ideas.repec.org/a/kab/journl/y2016i3p7-46.html
   My bibliography  Save this article

Creating Consolidated Financial Reports – Accounting, Informational And Managerial Aspects

Author

Listed:
  • Svetlozar Stefanov

    (University of Economics - Varna)

  • Julian Vasilev

    (University of Economics - Varna)

  • Milcho Bliznakov

    (University of Economics, Varna, Bulgaria)

Abstract

The purpose of this study is to describe some of the problems in making consolidated financial reports. Several perspectives are analyzed – from accounting point of view, from information point of view and from managerial point of view. The accounting problems of financial consolidation are focused at the correct interpretation of legislation. The information problems concern the use of databases and specialized software for making consolidated reports. The managerial problems with financial consolidation concern business analysis and the correct interpretation of financial information in corporate financial reports. This paper gives some solutions to the three groups of problems concerning the financial consolidation. This paper describes a concept of a database to store financial data for consolidation. This paper also offers an approach for business analysis of financial consolidated data.

Suggested Citation

  • Svetlozar Stefanov & Julian Vasilev & Milcho Bliznakov, 2016. "Creating Consolidated Financial Reports – Accounting, Informational And Managerial Aspects," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 3, pages 7-46.
    • Handle: RePEc:kab:journl:y:2016:i:3:p:7-46
    as

    Download full text from publisher

    File URL: http://eknigibg.net/Volume2/Issue3/spisanie-br3-2016-pp.7-46.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    consolidation; databases; management; accounting.;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kab:journl:y:2016:i:3:p:7-46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Julian Vasilev (email available below). General contact details of provider: https://edirc.repec.org/data/kbvarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.