Abstract:

This report has been developed in accordance with the general objectives of the training in Accounting and Control at the South-West University "Neofit Rilski". Structurally, it covers both the main general topics concerning the main problems of the accounting system in Bulgaria and a comparative analysis of the state of standardization in the EU member states, as well as specific problems before the standardization in the accounting of financial enterprises. Special emphasis is placed on the basic standards defining the specific appearance of the accounting system in financial sector entities, including IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures and IFRS 9 Financial Instruments.

The main essence of this report is selected in accordance with the specifics of the specialty, and within a reasonable compromise between theoretical and practical material, priority is given to the practical side of the subject. The main results that we will present are textual material, case studies and practical tasks aimed at consolidating the knowledge gained during the lecture course, to develop them and seek their real application in practice.

The main purpose of this report is to present how students gain in-depth knowledge of the nature, main aspects and factors that determine the standardization in the accounting of financial enterprises, taking into account industry-specific rules for regulating the accounting system, unifying the structure and content of financial reporting and satisfying the public interest in reliable financial information.

The main tasks that should be solved in the implementation of the learning process are:
1) Expanding and enriching the knowledge applicable to the accounting and financial reporting practice in the European Union, in particular in Bulgaria - International Financial Reporting Standards (IFRS), in particular the accounting standards for financial enterprises and building skills for practical application of knowledge in practice of financial enterprises.
2) Getting acquainted with the specific features of the financial statements of enterprises in the financial field and mastering the basic methodology of preparation and presentation of individual and consolidated financial statements.

To provide quality training to students, the main methodological approaches are flexibly combining different methods and forms of teaching: lectures on key topics, case studies and individual work. The forms of control are also consistent with the nature of the discipline - conducting tests in the form of tests, discussing cases during classroom classes and a written exam to test knowledge.

Another aspect of this report is to consider the information obtained from the financial statements and to analyze it as a basis for banking stability. In the present study we will present possibilities for extracting useful information that can be processed with statistical processing software such as R language.

Keywords:

International auditing standardsр Accounting and Control.