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Accountancy-Based Sources of Information for Planning Purposes in SMEs

Author

Listed:
  • Emil Papazov
  • Lyudmila Mihaylova

    (University of National and World Economy, Sofia & University of Ruse
    University of Ruse)

Abstract

The present paper’s research objective is to reveal the specifics and capabilities of the accountancy to serve as an information base for planning of the business of SMEs. In this regard, a research method (a survey) focusing on study of documentation in a number of Bulgarian SMEs has been carried out. Based on the results gained after the implementation of the research method, main sources of information for planning purposes in SMEs have been synthesized and evaluated. The main conclusions are that due to relatively high level of quality, actuality and availability, the accountancy-based data can constitute a major source of information for planning purposes in SMEs.

Suggested Citation

  • Emil Papazov & Lyudmila Mihaylova, 2016. "Accountancy-Based Sources of Information for Planning Purposes in SMEs," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 5(1), pages 173-183.
    • Handle: RePEc:cpn:umkcjf:v:5:y:2016:i:1:p:173-183
    as

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    References listed on IDEAS

    as
    1. Emil PAPAZOV & Lyudmila MIHAYLOVA, 2014. "LINKING ACCOUNTING INFORMATION WITH BUSINESS PLANNING IN BULGARIAN SMEs," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 321-327, November.
    2. Milena Peršić & Katarina Bakija & Dubravka Vlašić, 2015. "Framework for improving quality and comparability of non-financial reporting system," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 4(2), pages 109-127.
    3. Alena Kocmanová & Iveta Šimberová, 2014. "Determination of environmental, social and corporate governance indicators: framework in the measurement of sustainable performance," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(5), pages 1017-1033, November.
    4. Emil PAPAZOV & Lyudmila MIHAYLOVA, 2010. "Information Provision for Strategic Planning in Bulgarian SMEs," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(4), pages 575-581, October.
    5. Leszek Dziawgo, 2014. "Greening financial market," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 3(2), pages 9-24.
    6. Monika Raulinajtys-Grzybek & Gertruda Krystyna Swiderska, 2014. "Object-based costing as an important tool for the economic analysis of sustainable development," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 3(1), pages 135-144.
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