This essay focuses on current budget accounting system.School of Economics and Business in Sarajevo 1Sarajevo, Bosnia and Herzegovina 2University of Tuzla
COST AND MANAGEMENT ACCOUNTING IN BUDGET-FUNDED ORGANIZATIONS IN BOSNIA AND HERZEGOVINA Benina Veledar1, *, Amra Gadžo2 and Srđan Lalić3 1University of Sarajevo – School of Economics and Business in Sarajevo 1Sarajevo, Bosnia and Herzegovina 2University of Tuzla. Faculty of Economics in Tuzla 2Tuzla, Bosnia and Herzegovina 3University of East Sarajevo – Faculty of Economics in Brcko 3Brcko, Bosnia and Herzegovina DOI: 10.7906/indecs.18.2.16 Regular article Received.
18 March 2020. Accepted: 2 June 2020. ABSTRACT This article aims to provide information on the level of application of cost and management accounting practices in the budget-funded organizations in Bosnia and Herzegovina (hereinafter B&H) and the usefulness of these practices in the performance measurement in the B&H public sector. Namely, the current budget accounting system in B&H
on efficiency, effectiveness, and economy of the public administration. This is which results in a decrease in transparency and the creation. A favourable ground for corruption. Therefore, the study was conducted among 208 budget-funded organizations. This is by using a survey questionnaire to evaluate the current level of theoretical and practical knowledge. In the field of cost and management accounting and the possibilities for their application in the budget-funded organizations in B&H to improve current budget accounting system.
shown that, even though respondents are less familiar with cost and management accounting practices. They believe that the introduction of new forms of accounting. The (cost and management accounting) into budget accounting system. It in B&H would improve the quality of accounting information as a basis for decision-making of the public management. This would enable performance measurement in the B&H public sector and therefore improve transparency and accountability of the public management. KEY WORDS budget accounting system, cost accounting, management accounting, performance measurement, Bosnia and Herzegovina CLASSIFICATION JEL: M41 B. Veledar, A. Gadžo and S
firstly, be keen
Further, be cautious
lastly, be hardworking