Chief Accounting Officer/ Financial Officer

Core Objective

The service aims at providing the best possible chief accounting officer and/or chief financial officer for the company at the best possible price because 95% of the companies in Bulgaria suffer from the shortage of such experts, which is due to their limited number and high remuneration.


Scope

  • Methodological guidance of the accounting department to ensure correct, efficient and timely accounting;
  • Correct and timely preparation of the required financial and managerial reports and statements;
  • Continuous monitoring of the financial indicators and comparison to the competitors;
  • Drafting of revenue and expenditure budgets and funding justifications;
  • Preparation of interim and annual financial statements and of the annual tax return;
  • Assistance in the analysis of the financial statements and the financial decision-making process.

Key Benefits

  • An external chief accounting officer and/or chief financial officer has much broader expertise and diverse experience which are continuously enhanced because of the continuous training, diverse clients and complicated cases which constitute the daily work in a consulting company.
  • An external chief accounting officer and/or chief financial officer is able to identify any potential problems much earlier and is much more ingenious in finding solutions thanks to the daily communication with peers and experts in various fields and with various experience.
  • An external chief accounting officer and/or chief financial officer costs much less and, at the same time, brings much higher added value in comparison to a full-time officer because an in-house employee is faced with a number of limitations in gaining diverse and useful professional knowledge and experience.

Responsible team

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Alexander Boyadzhiev

Managing partner Accounting services

Aleksandar Boyadzhiev graduated from the University of National and World Economy, acquiring a bachelor’s degree in Finance and a master’s degree in Financial Management. He joined the Kreston BulMar team in 2011. Between 2014 and 2015 he took on the position of coordinator and head teacher at the BulMar Accounting Academy. In 2016 he became Managing Partner in the Accounting Services department.

He is an expert on VAT, corporate and personal income tax law, as well as double taxation agreements, national and international accounting standards. He is experienced in providing accounting services to small, medium-sized, and large enterprises from several industries. Aleksandar has also provided accounting services to international companies’ regional branches in Bulgaria, which have included specific financial reporting.

He is a seasoned speaker on topics like tax and accounting and has tens of published articles.

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