Scientific paper ID 2722 : 2025/3

Financial statements in transport companies present the financial position of the company, its cash flows and its financial results of operations. The reports provide information to a wide range of users: managers, state institutions and others. It is extremely important for users to see the final result, which could be a profit or loss depending on whether revenues are more than expenses or vice versa. The financial (accounting) sustainability of a company also depends on revenues.

Revenues are the gross flows of economic benefits during the reporting period, which are in the form of a decrease in liabilities or an increase in assets. Their accurate and timely reflection is of key importance for the reliability of financial statements.

Revenues in the reports of transport companies are the proceeds from the company`s main activity, namely:

- Fees from passenger or freight transport,

- Revenue from vehicle rental,

- Delivery contracts,

- Revenue from other services, for example: warehousing, customs clearance, etc.

The transport sector in Bulgaria plays a key role in the national economy and covers a wide range of activities - from passenger and freight transport to air and sea transport. Of exceptional importance are the accounting methods used and the impact of new accounting standards

The purpose of this report is to present the essence of revenues in financial statements, their importance for the financial sustainability of the enterprise, as well as the principles and ments for their recognition in accordance with applicable accounting standards. The report aims to clarify how the correct presentation of revenues affects the analyses and decisions of stakeholders.