Yearbook

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  PROBLEMS AND CHALLENGES ASSOCIATED WITH THE DEVELOPMENT OF DEPOSIT INSURANCE SYSTEM – GLOBAL BEST PRACTICES

  The interest in deposit insurance systems as instruments that enhance the stability of the banking system was stirred after the 60s, although the first such system was established in 1829 in New York. Often, governments start thinking about the problem of guaranteeing depositors' savings when they face the bankruptcy of a certain bank and ... The interest in deposit insurance systems as instruments that enhance the stability of the banking system was stirred after the 60s, although the first such system was established in 1829 in New York. Often, governments start thinking about the problem of guaranteeing depositors' savings when they face the bankruptcy of a certain bank and anticipate serious problems in their banking sector. In this study we discuss the main conceptual issues related to the organization, operation and updating of such systems, based on a critical analysis of international experience and best practices in this field. The practice in Bulgaria remains outside the scope of our study, because our system for guaranteeing bank deposits was established after 1998 and is relatively modern since it is based on the best international practices.

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  APPROACHES AND STRATEGIES FOR HUMAN RESOURCE MANAGEMENT OF LARGE BUSINESS ORGANISATIONS

  The study presents the results of an empirical study of the behaviour of large Bulgarian non-profit organizations in terms of their human resources. First the conceptual methodical and organizational framework of the study is described. Then we present the overall "HR picture" and the systematized data related to the application of different ... The study presents the results of an empirical study of the behaviour of large Bulgarian non-profit organizations in terms of their human resources. First the conceptual methodical and organizational framework of the study is described. Then we present the overall "HR picture" and the systematized data related to the application of different approaches and the development of specific strategies in this area. Thus we define the main problems and the most important guidelines for effective human resource management in certain business organizations.

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  ACCOUNTING OF FACTORING OPERATIONS IN COMMERCIAL BANKS

  In an effort to maintain their competitive advantage as intermediaries in various transactions between economic agents, banks significantly expanded the range of services they provide. Factoring operations are relatively new to our banking practice. In recent years there has been trend of increase in the number of banks offering this service ... In an effort to maintain their competitive advantage as intermediaries in various transactions between economic agents, banks significantly expanded the range of services they provide. Factoring operations are relatively new to our banking practice. In recent years there has been trend of increase in the number of banks offering this service (either directly or through subsidiaries). Commercial banks now face the problem how to manage properly this type of operations in order to minimize the associated risks. The paper makes an attempt to determine the importance of accounting systems as primary management tools in all businesses (including banks). For this aim it reviews various models for accounting of factoring operations in compliance with the current national legislation and the international accounting standards. Finally, it proposes guidelines for analyzing accounting information related to factoring operations as a tool for making rational managerial decisions regarding the financial stability and the overall management of banks.