This paper is focused on the analysis of Bulgarian accounting system and practices. More specifically, it aimed at investigating main environmental factors, which led to development such system. The approach therefore both descriptive causal. findings suggest that changes in socio-economic cultural tradition mainly affect systems practices, as well status profession.

The application of International Financial Reporting Standards (IFRS) has been introduced in many countries to enhance efficiencies financial markets and improve communication reporting. However, extant studies have suggested that the introduction IFRS increased narrative complexity, owing demand for more Considering accounting complexity can be either informative (enhancing understanding) or n...