Improving Reporting of Infrastructure Assets by Using Standardised Models

The primary aim of the paper is to present the results from a piece of research focused on creation and approbation of a comprehensive approach for reporting infrastructure assets as a specific category of tangible resources. To substantiate and justify the main thesis assuming that there are ways to improve the accounting methodology in the public sector, generalized and systematized results from a specialized survey conducted among first-level budget spending units in Bulgaria are presented. The research topic pertains to the theoretical and practical problems of recognizing and evaluating public infrastructure that is a priority for the public sector accounting system.