The partners of AFA have been lecturers in accounting at the Sofia University “St. Kliment Ohridski” and the University of National and World Economy for many years now, and have a number of publications in the area of accounting and auditing.

Over the years since the establishment of AFA, its leading team has been conducting training courses in accounting, auditing, taxation, and has gained rich lecturing experience.

Willing to share our professional experience and to contribute to the enhancement of knowledge and qualification of experts applying the difficult accounting and tax subject matters, we have been conducting a number of seminars, for the professional society in general and on topics upon particular client request. The rich experience we have in this area, our contact with the training audience and continuous interest in the training courses organised by us bring us satisfaction and assurance about the benefits of AFA’s training service.

The seminars recently conducted by us are:


  • Accounting aspects of the annual closing
  • Financial statements: principles and requirements for preparation
  • Fundamentals of financial statement analysis and relation to budgets
  • Accountancy for managers
  • Fundamentals of accountancy and corporate taxes for credit inspectors
  • Standard course in IFRS
  • Update on IFRS
  • IFRS: group financial statement standards (consolidation)


  • Update on ISA. Practical aspects of auditing
  • Changes in standards on auditing
  • ISA: standards course in audit technology
  • ISA: applying samples in auditing


  • Tax aspects of the annual financial closing: practical cases, administrative practice of the National Revenue Agency (NRA) and expected tax law amendments
  • New tax rules under the Value Added Tax Act (VATA) and expected changes. Administrative practice of the NRA and case law of the European Court of Justice (ECJ) on selected issues
  • Sending employees on business trips abroad: labour, tax and social security legislation
  • Non-resident individuals working in Bulgaria: legal aspects, taxation and social security
  • Taxes withheld at source and procedures for application of Double Tax Treaties (DTT): issues, practical cases and expected changes
  • Transfer pricing: tax aspects from viewpoint of audit risk
  • Transfer pricing: selected issues, recent international developments
  • Related party transactions, transfer pricing: tax risks and documentation requirements
  • Taxation of non-residents’ income
  • International exchange of goods and services: VAT treatment
  • Preparation of annual tax returns under the Corporate Income Taxation Act (CITA)
  • Advance taxation under the Individuals’ Income Taxes Act (IITA)


  • Transformation of commercial companies

Why training?