APPROACHES FOR USING ACCOUNTING INFORMATION FOR THE PURPOSES OF MANAGEMENT OF THE EXPORT AND RE-EXPORT ACTIVITIES OF BULGARIAN ENTERPRISES IN CONTEMPORARY CONDITIONS

Abstract

In the conditions of the modern global business environment, the significance of the detailed analysis of
the export and re-export activities carried out by Bulgarian enterprises as an objectively necessary element of their
management is growing. This, in turn, necessitates improvements in the use of accounting information for export
and re-export transactions for the purposes of analysis and their overall management.
In order to make objective, economically justified management decisions, it is necessary to use a scientifically based
system of indicators and methodology for measuring and studying the impact of various factors that affect the
efficiency of export and re-export transactions.
The main purpose of this paper is to examine approaches for effective use of accounting information for the
purposes of detailed analysis and management of the export and re-export activities of Bulgarian enterprises in the
contemporary conditions of globalization. It discusses the problems related to accounting information provision of
detailed analysis of the financial results and the efficiency of export and re-export transactions. Models for analysis
of export and re-export of goods based on accounting information are presented, which can be used in the practice of
the enterprises engaged in foreign trade. Specific approaches for analyzing the impact of exchange rate differences
on the financial results and efficiency of export and re-export transactions are proposed. A special attention is paid
to the possibilities for introducing improvements in the processes of using the accounting information for the export
and re-export activities of Bulgarian enterprises.
The methodology of research of the issues in the paper involves the application of the systematic approach and the
methods of observation, comparison, analogy, analysis and synthesis, induction and deduction, etc. In accordance
with the systematic approach, the detailed analysis of export and re-export activities on the basis of the created
accounting information is considered as an integral part of the overall business analysis system of the enterprise
engaged in foreign trade. The application of this approach allows the system for analytical accounting of export and
re-export transactions to be presented as a constituent element of the accounting information system of the
enterprise.
Calculations related to the efficiency of each export and re-export transaction are actually performed even before a
decision is made on its implementation and also accompany the entire process of carrying out the operation. The
amount of the profit is set as early as in the preliminary estimates, at the stage of preparation for concluding and
carrying out the foreign trade transaction. Naturally, there is a very real risk of such changes in the market
conditions that the final effect is significantly lower than expected. But the opposite is also possible. All this
confirms the need, when analyzing export and re-export transactions, to focus on comparing the actual reported data
with the previously estimated ones, the latter being used as benchmarks of the transaction. A similar approach can
be applied in the analysis of the accounting information for the export and re-export activities of the enterprise
relating to two different reporting periods.
The results of the research in the paper allow to reach the conclusion that the effective use of analytical accounting
information for export and re-export activities is a key prerequisite for the successful management and prosperity of
the enterprises engaged in foreign trade in the conditions of the modern global business environment.