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Счетоводното Регламентиране На Репутацията В България – Исторически Преглед И Анализ
[The Accounting Regulation of Goodwill in Bulgaria – Historical Overview and Analysis]

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  • Atanasov, Atanas

Abstract

The purpose of this article is to review the historical development of normative regulation of issues related to goodwill in Bulgaria an objective critical analysis of the established regulations. Our research is based on the applicable legislation in Bulgaria during the period from 1993 to the present day. Dealt with in this article are solely the National Accounting Standards (NAS) adopted for implementation in the Republic of Bulgaria in this period. We have found that in the NAS issues related to goodwill, have a different treatment compared with the applicable IAS / IFRS. Can be formed three main differences that lead to related differences in accounting for goodwill. These differences should not be taken only as a shortcoming of our regulations. Changes in US regulations, IFRS for SMEs, ongoing discussions about the fate of goodwill included in the programs of the FASB and the IASB and the amendments to the Accountancy law in Bulgaria with effect from 1.1.2016, that narrow circle of enterprises which must apply IAS / IFRS, make us confident to believe that the Bulgarian legislator should go to building sustainable national standards regarding business combinations and goodwill. Undoubtedly, the NAS 22 is in need of revision, but it is important that national standards (which we hope will be soon) be relevant, clearly written and relatively easy to implement in comparison with IAS / IFRS, as this will help to increase consumer confidence on the information contained therein.

Suggested Citation

  • Atanasov, Atanas, 2017. "Счетоводното Регламентиране На Репутацията В България – Исторически Преглед И Анализ [The Accounting Regulation of Goodwill in Bulgaria – Historical Overview and Analysis]," MPRA Paper 85616, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:85616
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    References listed on IDEAS

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    1. Paul Van Hulzen & Laura Alfonso & Georgios Georgakopoulos & Ioannis Sotiropoulos, 2011. "Amortisation Versus Impairment of Goodwill and Accounting Quality," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 4(3), pages 93-118, December.
    2. Atanas Atanasov, 2016. "Development of the Views About Goodwill in Bulgarian Accounting Literature," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 2, pages 179-190, November.
    3. Paul André & Andrei Filip & Luc Paugam, 2016. "Examining the Patterns of Goodwill Impairments in Europe and the US," Accounting in Europe, Taylor & Francis Journals, vol. 13(3), pages 329-352, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    goodwill; accounting regulation; Bulgaria; National Accounting Standards (NAS);
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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