Review article

The Principles-Based International Accounting Standards Training Model – The New Paradigm for Learning Competencies in Changing Economic Environment

Diana Papradanova ; D. A. Tsenov Academy of Economic Accounting, Department of Accounting, Svishtov, Bulgaria
Ventsislav Vechev ; D. A. Tsenov Academy of Economic Accounting, Department of Accounting, Svishtov, Bulgaria

Abstract

The effort to achieve harmonization in the accounting practices of different countries requires that the content of International Financial Reporting Standards (IFRS) implies interpretability in their application. This feature, combined with the dynamics of economic processes at the national and global level, makes the study of IAS/IFRS a challenge for both teachers and students. The purpose of this paper is to systematize the approaches in training in the IFRS with a view to achieving sustainability and the possibility of upgrading the acquired knowledge, skills and competences. As a result of studies, the principles of the
training process under IFRS have been defined. Based on them, a training model based on modules has been developed and presented in order to ensure consistency and flexibility in learning knowledge related to the theoretical statements and practical application of IFRS. As a result of the application of the model, a basic foundation of acquired skills and knowledge has been derived, which build the trained students as highly qualified specialists in this field.

Keywords

international accounting standards; training; educational model; modular training; accounting

Hrčak ID:

309496

URI

https://hrcak.srce.hr/309496

Publication date:

1.10.2023.

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