Students Round-Table Conference on the New Accountancy Act – Content Aspects and Problem Issues

We, the lecturers from the UNWE as a leading university in Southeastern Europe have the hard task to teach modern knowledge which will help you, our students, in your future professional realization, 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 Students Round-Table Conference. The Forum on the New Accountancy Act – Content Aspects and Problem Issues was held in the Small Conference Hall. Thirty students form the group 199 in their fourth year of speciality Accountancy and their Scientific Adviser Prof. Dr. Snezhana Basheva made a presentation on the actual topic.

At the opening of the Forum in the Small Conference Hall

Today one of the challenges facing the accounting profession and theory is the adoption of the new Accountancy Act, outlined the problem Prof. Basheva. She clarified that the actual issues had been related to the correct transposition of the accounting Directive as well as to the future development of accounting profession and speciality. That`s why in the current year the project is related to the new Act to pay your attention to it, specified the Scientific Adviser to students. I definitely consider that you have managed with the task and your presentation will be the best evidence, explicitly said Prof. Basheva.

Prof. Basheva is expressing her thankfulness to the students for the serious attitude to their task. On the right next to her: Atanas Radulov, fourth year student in speciality Accountancy, Round-Table moderator

The Forum objective is to research the content aspects in the new Accountancy Act and to feature the problems of its application. The elaboration of the new legal document was a result of the necessity of transposition of Directive 2013/34/EU regulations in the national accounting legislation in the EU member-states.

Students from the group 199

In their presentation the fourth year students examined four stages: the Directive requirements – compulsory or entitled to member-states for application; the new Act formulations and specifics; comparative analysis between the new and the old Act; issues of transposition of the Directive and implementation of the new Act regulations in practice.

Prof. Basheva with her students