scholarly journals A számvevőszékek és a civil szféra kapcsolata az ellenőrzések hatásosságának növelésére

2011 ◽  
Vol 6 (1-2) ◽  
pp. 52-58
Author(s):  
Sándor Nagy
Keyword(s):  
Added Value ◽  
Financial Resources ◽  
Audit Efficiency ◽  
Audit Activity ◽  
Professional Capacity

The Supreme Audit Institutions (SAI) have to face several challenges: growing expectations from stakeholders, higher pressure on audit efficiency and in the same time (relative) decreasing financial resources and capacities. The cooperation with civil organizations could generate advantages and more added value of the audit activity. A certain civil organization - owing to its features - could deliver relevant, cheap information and offer available additional professional capacity to the SAI. This promising cooperation has constraints and risks too, which must be managed by the national Supreme Audit Institution. An optimized mixture of the cooperation contribute to the effectiveness of the audit activity.

STRATEGIES OF DEVELOPMENT OF THE FINANCIAL SECTOR AND FINANCIAL INDUSTRY IN UKRAINE ON AN INNOVATIVE BASIS

2018 ◽  
Author(s):  
Olga Batrak ◽  
Keyword(s):  
Financial Institutions ◽  
Financial Literacy ◽  
Financial Stability ◽  
Service Providers ◽  
Financial Sector ◽  
Added Value ◽  
Financial Resources ◽  
Creative Economy ◽  
Financial Industry ◽  
Investment Funds

The relevance of the article is determined by the need to balance certain segments of the financial and real sectors of the economy, build their infrastructure, increase innovation through the implementation of the achievements of the financial industry. The main scientific result of the article is to define the financial sector and the financial industry, to establish causal links between them and development strategies. The financial sector is a subsystem of the financial market and is represented by its national regulator, financial and infrastructural participants, namely: corporations that accept deposits; money market funds and investment funds, pension funds, insurance corporations, captive and auxiliary financial corporations, other financial intermediaries. In contrast to the existing definitions, the proposed one is based on the classification of institutional sectors of the Ukrainian economy. The connection between the financial and real sectors is formalized as mutually complementary parts, which together make up the national economy, ensure the circulation of material and financial resources, the creation of added value. At the same time, they perform specific functions: the financial sector - distribution and transaction, the real - generating and transforming. The financial industry is a complex category that combines a set of financial institutions with their quality and technical and technological characteristics (intellectual capital, innovation, financial technology) in a creative economy. The financial sector and the financial industry reflect the dualistic nature of the functioning of financial institutions as financial service providers, on the one hand, and business process owners, on the other. Therefore, their strategies have a common premise and goal - financial stability, macroeconomic development should ensure the sustainability of public finances, the formation of long-term financial resources, lending to the economy. The common strategic goals are: financial inclusion, supported by digital and financial literacy, development of financial markets and non-cash economy, innovative development and economic system based on financial technologies.

The Analysis of a Production Flow with the Help of Value Stream Mapping

2019 ◽  
Vol 957 ◽  
pp. 203-210
Author(s):  
Ana Gavriluță
Keyword(s):  
Lean Manufacturing ◽  
Lead Time ◽  
Entry Point ◽  
Added Value ◽  
Financial Resources ◽  
Value Stream Mapping ◽  
Production Flow ◽  
Flow Mapping ◽  
Value Stream

The main aim of Lean Manufacturing concept is to produce more with less: space, stock, workforce and time. The companies that along the years implemented Lean Manufacturing, reached a spectacular development, mainly because with the same workforce and financial resources, succeeded to increase significantly their profit (some reached up to 300-400% increase). The strength of Lean concept is the calculation of value of product for the final client, considering each stage of manufacturing. Therefore, the main aim of this paper is to analyze and improve the manufacturing flow of a component, from the system entry point to its exit using Flow Mapping and Value Stream Mapping. After all the actions on improving the flow, the activities without added value decreased with 15.92% and the lead time with 15.61%

scholarly journals Are Ethics Committee Members Competent to Consult?

2000 ◽  
Vol 28 (1) ◽  
pp. 30-40 ◽  
Author(s):  
Diane Hoffmann ◽  
Anita Tarzian ◽  
J. Anne O'Neil
Keyword(s):  
Group Process ◽  
Ethical Dilemmas ◽  
Ethics Committee ◽  
Healthcare Organization ◽  
Added Value ◽  
Financial Resources ◽  
Healthcare Ethics ◽  
Ethics Program ◽  
Special Expertise

A significant amount of discussion in the bioethics community has been devoted to the question of whether individuals performing ethics consultations in healthcare institutions have any special expertise. In addition, articles in the lay press have questioned the “added value” that bioethicists bring to ethical dilemmas. Those at the forefront of the bioethics community have argued repeatedly that those doing ethics consults cannot simply be well-intentioned individuals, that some training in bioethics, group process, and facilitation is necessary to competently execute a consult. As one bioethicist commented:if you approach any endeavor as an amateur activity, you will get, in the end, an amateurish version of the activity. Without a sufficient commitment of personnel, time, support, and financial resources, a healthcare organization will get the ‘ethics’ program … it set out to create: an inept, unskilled, inefficient, and highly risky ‘program’ in healthcare ethics and bioethics.

Persepsi Auditee Terhadap Pelaksanaan Fungsi Satuan Pengawas Internal Universitas Sebelas Maret Surakarta

2018 ◽  
Vol 26 (1) ◽  
pp. 1-12
Author(s):  
Mahanani Abqory ◽  
Abdul Halim
Keyword(s):  
Asset Management ◽  
Planning Process ◽  
Internal Audit ◽  
Added Value ◽  
Internal Auditor ◽  
Audit Planning ◽  
Internal Audit Function ◽  
Unit Function ◽  
To Come ◽  
Audit Activity

The research aims to deeply investigate auditee’s perception on the implementation of internal audit function to the Internal Supervisory Unit as the Internal Auditor at Sebelas Maret University viewed from its independence, competence, performance of audit, and added-value. The respondents of the research were auditees which were directly related to finance and asset management in UNS and were directly related to the Internal Supervisory Unit in internal audit activity. The research is intended to give suggestions to the management about the evaluation of the internal audit activity through auditee’s perception which can help management to come to the decision to increase the quality of the Internal Supervisory Unit as the Internal Auditor of Sebelas Maret University.The result of the research shows that the auditee has good perception to the Internal Supervisory Unit function as the Internal Auditor of Sebelas Maret University, viewed from its independence, competence, performance of audit, and added-value. Although it has some shortages in terms of audit planning process, coverage of audit, and intensity of accompaniment to the auditee. Keywords: Perception, Auditee, Internal Audit Function, Internal Audit Supervisory, UNS

Education during the pandemic: the case of Kuwait

2020 ◽  
Vol 5 (3/4) ◽  
pp. 213-225
Author(s):  
Ibrahim Alhouti
Keyword(s):  
Online Learning ◽  
Design Methodology ◽  
Education Sector ◽  
Financial Resources ◽  
Policy Planning ◽  
Public Schooling ◽  
Content Type ◽  
The Past ◽  
Future Policy ◽  
Professional Capacity

PurposeThis paper analyses the Kuwaiti Ministry of Education's (MOE’s) response during the pandemic by exploring the situation of public schooling in Kuwait and the reasons behind the failure of the MOE to provide education during the global COVID-19 crisis.Design/methodology/approachThis study explores the policymaking process and the policy decisions by analysing how the MOE managed education during the crisis, by analysing the MOE's press announcements.FindingsThis article identifies opportunities the MOE missed over the past 18 years to implement online learning, and how by pausing all learning during this pandemic these resulted in the challenges the MOE is facing today. The main reasons behind this failure are not related to financial resources, but attributable to the professional capacity of the MOE's leaders to handle the education sector during this crisis. This included hesitation about making decisions and the lack of readiness of the school infrastructure. The paper concludes by offering recommendations that could inform future policy planning.Originality/valueThis paper offers insights into the educational policymaking process in Kuwait, especially during times of crisis.

Change Management

2021 ◽  
pp. 154-167
Author(s):  
Nuno Geada
Keyword(s):  
Information Systems ◽  
Change Management ◽  
Information Management ◽  
Continuous Improvement ◽  
Driving Force ◽  
Process Management ◽  
Added Value ◽  
Financial Resources

Information is the driving force of organizations because it is in information systems that the decisions are made. The need to have adequate infrastructure for collection, storage, processing, and distribution in an organization means that an appreciable part of the organization's effort in terms of human and financial resources is channeled in this direction. This chapter aims at the development and consequent application of change management, for optimization of information and process management based on the Lean methodology in information systems. The analysis and implementation of infrastructure for information management is based on eliminating waste and activities without added value, thus imparting continuous improvement, in order to achieve the goals/objectives proposed towards excellence and success and optimization processes and services. In order to achieve the objective of this project, a survey and analysis of the requirements of the IT processes to be able to construct and implement change management are done.

scholarly journals Value added and its generation in agrarian enterprises

2012 ◽  
Vol 50 (No. 6) ◽  
pp. 235-242
Author(s):  
M. Grznár ◽  
Ľ. Szabo
Keyword(s):  
Detailed Analysis ◽  
Value Added ◽  
Added Value ◽  
Financial Resources ◽  
Natural Conditions ◽  
Agricultural Enterprises ◽  
Agrarian Sector ◽  
Gross Value Added ◽  
The Eu ◽  
Legal Entities

This article sets out to analyze the value added generation in the Slovak agrarian sector at the time of the accession to the EU compared to which we are severely lagging behind in the overall generation of gross value added. A more detailed analysis of the value added generation over the recent years in a group of agricultural enterprises being legal entities indicates that the enterprise efficiency expressed in terms of value added generation is markedly differentiated depending on the natural conditions of the locations where individual businesses operate. Great differences in the added value between enterprises can also be found in the group of enterprises having the same natural conditions. The reason for this is a differentiation in the degree to which intensification inputs are utilized due to high prices, lack of financial resources, inefficient combination of inputs used and insufficient recognition of the importance of the value added by managers, particularly in planning of production structures and production finalization grade.

scholarly journals Compilation of regional financial balances for the ‘General Governance’ sector in the Ural Federal District

R-Economy ◽  
2020 ◽  
pp. 251-260
Author(s):  
Alexey F. Pasynkov ◽  
Keyword(s):  
Public Sector ◽  
Methodological Approach ◽  
Federal District ◽  
Gas Production ◽  
Added Value ◽  
Financial Resources ◽  
National Accounts ◽  
Territorial Development ◽  
Financial Flows ◽  
The Public

Relevance. In recent years, the significance of financial flows in the public sector in territorial development in Russia has been growing. To be able to analyze all public sector revenues and expenditures at the regional level, it is necessary to develop financial balances that take into account all flows of financial resources. Research objective. The purpose of this study is to create financial balances of the "General Governance" sector by using the example of six regions in the Ural Federal District. Data and methods. The study is based on the theoretical framework of the System of National Accounts. The author proposes a methodological approach to the consolidation of official statistical reports from open sources in accordance with the classification of government revenues and expenditures in national accounting. Results. The proposed methodology for calculating the income and expenditures of all budgets in the region, including the volume of direct federal expenditures, is based on comparing the data on the sources of added value formation. A database on income and expenditures of the regions of the Ural Federal District for the period 2014-2018 was made and a matrix of financial balances of the "General Governance" sector by regions for 2017 was built. To this end, the structure and amount of public institutions financing costs were specified and donor and recipient regions of the Ural Federal District were identified. Conclusions. Financial resources of the public sector affect the economy of the regions of the Ural Federal District in several ways. The regions specializing on oil and gas production are net donors to the sector, the rest of the regions cannot provide for themselves and are more dependent on federal funds. The sector "General Governance" generates more than 10% of GRP of Chelyabinsk and Sverdlovsk regions and more than 20% of Kurgan region. The results can be used for planning and forecasting of socio-economic development of certain areas.

scholarly journals Interoperability: how to improve the management of public financial resources

2018 ◽  
Vol 331 ◽  
pp. 431-445
Author(s):  
Györgyi Nyikos ◽  
Bálint Szablics ◽  
Tomás Laposa
Keyword(s):  
Financial Management ◽  
Success Factors ◽  
Public Services ◽  
Added Value ◽  
Financial Resources ◽  
Market Strategy ◽  
Public Financial Management ◽  
Digital Services ◽  
Administrative Procedures ◽  
The Creation

The article deals with the application of interoperable digital solutions in the domain of public financial management in order to improve the effectiveness of administrative procedures. The practical relevance of the topic is derived from the Digital Single Market Strategy for Europe which promotes the interconnection of public portals to elevate the added value of the digitisation of public services. The interconnection of portals and electronic registers can notably facilitate the reduction of administrative burdens, foment the creation of new digital services and contribute to the creation of the Digital State. Nonetheless, there has been little research on how it works in practice and on its impact on the efficiency of public financial management. The paper systematically reviews the main concepts of public financial management and the relevant strategies on the interoperability of public services. Based on this, it aims to analyse a series of Hungarian practices on interoperability to identify success factors that could support the design of new digital solutions to improve the management of public financial resources.

scholarly journals The impact of performance audit planning on the generation of added value, management of public financial resources and heritage. Theoretical aspects and practical approaches

2021 ◽  
pp. 2-7
Author(s):  
C. Dolghii
Keyword(s):  
Public Funding ◽  
Developed Countries ◽  
Added Value ◽  
Financial Resources ◽  
Professional Judgment ◽  
Planning Stage ◽  
Audit Planning ◽  
Performance Audit ◽  
The Republic ◽  
The Impact

The performance audit is an effective instrument in the process of managing public money by analyzing a border range of matters, conducting an objective and independent evaluation of the extent to which public funding is used using the principles of economy, efficiency, effectiveness. The progress of performance audit in the Republic of Moldova is as well a priority because the allocation of public resources takes place to achieve social and economic objectives, but having regard to that resources are limited and allocated as a result of setting priorities and needs, they are managed based on the principles of "3E". In this regard, the auditors, at the performance audit planning stage, exclude the risk that the audit activities will not be proficient or efficacious, and the results of the audit will not add value to the public entity in managing public financial resources and public heritage. The author, in this study, examines the quality assurance of the processes performed during the performance audit planning stage and proposes to the auditors the use of other tools practiced in developed countries in selecting entities/programs or activities for auditing with the implementation of professional judgment.

Sign in / Sign up

Export Citation Format

Share Document