Requirements for the Classification of Exposures in Banks and the Applicable Accounting Framework in the Light of IFRS 9

Authors:

Pages: 74-79

Abstract:

The report focuses on changes to the adoption and application of IFRS 9 in banking. The approach to determining allowances for impairment of credit and other exposures, the factors for significant credit risk increase as well as the modeling capabilities of the processes are considered.

Keywords:

classification of exposures; bank’s business model; measurement of financial assets; cash flows on loans; probability of default; loss given default.

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Metodological Aspects of the Concept “Value for Money”

Authors:

Pages: 76-84

Abstract:

The requirement for maximum productive and efficient use of public funds is central to the programs and frameworks for allocating limited global budget resources. Internationally, this criterion has been reflected in the “Value for Money” concept i.e. “an optimal price-quality ratio.” Despite the validity of the concept, it faces it’s difficulties, especially in terms of the methodology for establishing efficiency and demonstrating the expedience of public investments, especially when assessing investment project endeavors that are carried out in partnership with the private sector or with a foreign government. This article is aimed at adducing arguments for the merits of philosophy’s value for money and its methodological peculiarities. The emphasis is placed on the analysis of the method “Public Sector Comparator” as a specific approach for partnership investment assessments. Suggestions are being made to modify this method, in order for it to be applicable in Bulgarian practice.

Keywords:

value for money, public investment, public sector comparator, partnership.

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