6th Student Round Table Conference on The Conceptual Structure – Essence and Development Perspectives

As lecturers from the UNWE our major mission is to teach modern knowledge which will help to you, our alumni, in your future realization as specialists, pointed out Prof. Dr. Snezhana Basheva, Dean of the Finance and Accountancy Faculty and Head of the Accountancy and Analysis Department at the opening of the Student Round Table Conference on the Conceptual Structure – Essence and Development Perspectives. At the Forum thirty two students from the university stream 111 and fourth year students from the speciality Accountancy with their Scientific Advisor Prof. Dr. Snezhana Bahseva presented their views on the topic.

At the opening of the Forum

One of the largest challenges to our accountancy theory and practice is the elaboration of common conceptual framework which can be the ground for the adoption of universal principally oriented accounting standards, outlined Prof. Basheva. No matter it doesn`t have the statute of International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS) it is the ground on which the philosophy of each accounting standard is built up. Now in the world is discussed a project for an improved conceptual framework suggested by the International Accounting Standards Council (IASC) so the topic is very actual and has public importance. The comprehension of its formulations is a guaranty for the correct interpretation and application of the acting accounting standards in practice, emphasized the Head of the Department.

I definitely think that you have coped with the task and your presentation will be the best evidence about it, explicitly said Prof. Basheva.

Prof. Basheva is expressing her thankfulness to students for their serious attitude to the task. On the left next to her: Chief Assist. Dr. Mihail Musov, Scientific Secretary of the Accountancy and Analysis Department

The objective of the Forum was to research the content page and conceptual framework evolution during the period 1989 – 2015 as well as to find out the problem fields.

Students from the university stream 111

In their presentation the fourth year students examined the role and importance of conceptual framework, its objective and statute, the role of IASC, objective of financial reports of general function, qualitative features of their information, essence of financial reports elements and conceptual structure development perspectives.

Prof. Basheva with her alumni