Year 2023, Issue 2
Date published22.6.2023
Table of content
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Nikolay Stoenchev
Influence of Employment on the Birth Rate in BulgariaSummary: The present article presents the results of a study of the factor determination of the birth rate in Bulgaria by areas of the level of employment and unemployment. International experience in this type of research is summarized. The... The present article presents the results of a study of the factor determination of the birth rate in Bulgaria by areas of the level of employment and unemployment. International experience in this type of research is summarized. The results for Bulgaria show the presence of a positive correlation between employment and the birth rate, which is moderately strong and more pronounced for men. The unemployment rate has a negative effect on the birth rate. The strength of the relationship is moderate and is more pronounced in men. Based on previous studies, which proved significant differences in the influence of agricultural and non-agricultural labor on the birth rate, we have calculated a specialization coefficient of the territory in relation to the Agriculture, Forestry and Fisheries sector. The correlation coefficient between the specialization coefficient of the territory and the birth rate by district is moderately high and positive, which proves the existence of a significant relationship. The results confirm the thesis of a positive relationship between employment and birth rate.DOI: -
Branimira Assenova Koleva
Accounts Receivable and RevenueJEL: Ì42Keywords: independent financial audit, audit examination, confirmation of accounts receivable and revenue, audit evidence, audit procedures, audit quality, errors, fraud, efficiencySummary: Revenues are the lifeblood of any organization. Without cash inflows, the entity may cease to exist. The sales account is closely tied to accounts receivables, therefore, evidence supporting accounts receivable tends to support... Revenues are the lifeblood of any organization. Without cash inflows, the entity may cease to exist. The sales account is closely tied to accounts receivables, therefore, evidence supporting accounts receivable tends to support sales. Accounts receivable is frequently the largest asset that a company has. If your company is subject to an annual audit, the auditors will review its accounts receivable and revenues in some detail to determine if they are fairly presented in the context of the financial statements as a whole. Some companies manipulate their earning by inflating their period and receivables. When trade receivables increase, revenues increase. So, a company can increase its net income by recording nonexistent receivables. In this article, we will answer questions such as: • Should auditor confirm receivables to obtain reliable evidence that they are fairly presented? • Why should we assume that revenues are overstated or understated and to apply professional skepticism?DOI: -
Mariela Dimitrova, Vitan Todorov
Analysis and Trends in Tax Audit Practice in Bulgaria for the Period 2017 – 2021JEL: H20Summary: The revision procedures are an expression of the tax-insurance control activity carried out by the revenue administration. Audits and inspections are the two methods by which the tax administration operates and are mechanisms for... The revision procedures are an expression of the tax-insurance control activity carried out by the revenue administration. Audits and inspections are the two methods by which the tax administration operates and are mechanisms for the implementation of control powers of the National Agency for Taxation. In this article, the authors present an analysis of data on the audit procedures of the National Revenue Agency for the period 2017-2021, through the prism of which the activity of the National Revenue Agency can be presented in terms of implemented tax-insurance control and exercise of the right of appeal by of tax subjects.DOI: -
Alexander Apostolov
Theoretical Foundations, Functioning, and Role of Financial Intermediation as a Factor for Economic GrowthSummary: The study examines the theoretical relationship between financial intermediation and economic growth, focusing on the growing role of non-bank financial intermediation (NBFIs). In order to accomplish this, the main theoretical... The study examines the theoretical relationship between financial intermediation and economic growth, focusing on the growing role of non-bank financial intermediation (NBFIs). In order to accomplish this, the main theoretical strands, thematically the most significant propositions, and empirical analyses of the interaction between the development of financial intermediation and economic growth, the structuring of the modern financial system, and the risks it faces, are critically reexamined. Efforts are focused on exploring the direction of the sector's implicit influence on economic growth and whether it can be reversed or is bidirectional. Does the combination of financial markets and investment intermediaries operating in an economy affect economic growth, and if so, in what ways? The study seeks to extend the dichotomous theoretical conceptualizations of financial structure as primarily banking while broadening the theoretical schema by incorporating the perspective of modern structuring, impact, and activities in the non-bank financial ecosystem.DOI: -
Momchil Marinov
Development of Industrial Fire Insurance at JSIC "Ozk-Insurance" JSCJEL: G22Summary: The main purpose of the study is to assess the state and prospects for the development of the "Industrial Fire" insurance policy offered by JSIC "OZK-Insurance" JSC. The article traces the dynamics of gross written premium income... The main purpose of the study is to assess the state and prospects for the development of the "Industrial Fire" insurance policy offered by JSIC "OZK-Insurance" JSC. The article traces the dynamics of gross written premium income realised by the insurance company and the insurance payments made by it for the period 2017-2021. Thanks to the calculated loss ratio, the status of the "Industrial Fire" insurance policy, offered by JSIC "OZK-Insurance" JSC was revealed. On the basis of the conducted research, it was concluded that JSIC "OZK-Insurance" JSC has good opportunities for the development of "Industrial Fire" insurance.DOI: