Main differences between the Spanish General Accounting Plan (PGC) and accounting for financial and insurance institutions, non-profits, public entities, and situations of bankruptcy.
The interest of this subject for future professionals is twofold:
On one side the general nature usually has studied both extinct and current undergraduate accounting degrees make it very interesting to investigate the accounting peculiarities of certain sectors of particular relevance for their quantitative and / or qualitative importance in the economy of any country.
Furthermore insolvency proceedings have increased since the beginning of the crisis, so now more than ever society requires experts who know the bankruptcy proceedings in general and in particular those arising accounting implications. Besides the Bankruptcy Act allows lawyers and economists who meet certain requirements to act as the receivers, a possible career path worth taking into consideration to be a necessary organ in all bankruptcy proceedings (the large number of companies resorting to bankruptcy as a means to cope with their insolvency has caused in turn a significant demand for qualified to act as insolvency administrators) professionals.