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  • A day in the life of an accountant

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    July 20, 2010

    My name is Bozhidar Muchakov and I am the Chief Accountant of Commercial League. I have worked as an accountant for more than 20 years now. I have a Master degree in Accountancy from the University of National and World Economy, Sofia, cum laude.

    My responsibilities include:
    – Doing the accounting work at Commercial League
    – Developing the financial reporting of the Company Group
    – Coordinating the work of the whole Accounting Dept of >20 people
    – Directly reporting to the senior management

    I constantly refer to the International Accounting Standards (IAS) and the International Financial Reporting Standards (IFRS), also the tax and insurance laws of Bulgaria. My work involves constant follow-up of the current standards and complete awareness of the changes.
    The company ensures my professional development by organizing training in IAS, IFRS, the VAT Act, the Corporate Income Tax Act and the Personal Income Tax Act by means of qualified lecturers either on site, or at the Institute for Expert Accountants.
    My workday is dynamic, it involves frequent travels to the offices of the National Revenue Agency and the auditors. While at the office of Commercial League, I monitor the work of my colleagues and I provide them with full cooperation. We always work in a team and we take the decisions together. When one likes their work, it is not so hard to find the right solution.