TECHNOLOGY OF THE CONTROL ON THE SUBSEQUENT EXPENDITURES ON TANGIBLE FIXED ASSETS


Author: Birstra Nikolova (University of Economics – Varna)

Keywords: subsequent expenditures, tangible fixed assets, technology of the financial control, models of the financial control, financial-control study, audit; tax control, guidelines of the control, control hypotheses, methods of the control, information sources, control influence

In this paper are examined the technological aspects of the financial control on the subsequent expenditures for repair, improvement, reconstruction and modernization of the tangible fixed assets in the business enterprises. In this regard, an overview of our and foreign specialized publications was made, the methodological guidelines and procedures in force for the implementation of tax control by the authorities of the National Revenue Agency, as well as the established guidelines for application of the international audit standards in the field of the independent financial audit have been studied. As a result of the carried out study was clarified the technology for implementation of financial control on the subsequent expenditures on tangible fixed assets on the basis of two technological models of the financial control as for this purpose were systematized: the regulations with which is compared the state of the object of control in order to be established the negative deviations from the norms; the guidelines and hypotheses of the control; the applicable methods for documentary and practical control; the appropriate sources of information related to this object of the control; variants for realization of a control action in accordance with the violations admitted and the powers of the financial control authority. The developed terms of reference is relevant to the technology of the financial control as a whole, but still the focus is on a particular object of the financial control - namely the subsequent expenditures for tangible fixed assets. On its part, the technology of the financial control was clarified from the point of view of the authorities of the National Revenue Agency and the independent financial auditors, but nevertheless the conclusions drawn, the analytical comments and summaries are with a generally valid character and can be seen in the context of the financial control in general

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