scholarly journals RESULTS OF FUNCTIONING OF PUBLIC UNIVERSITIES: ESTABLISHING A SET OF RATIOS PROVIDING RELIABLE MANAGEMENT INFORMATION BASED ON DATA DERIVED FROM AN ENTITY'S REPORTS

2021 ◽  
pp. 66-83
Author(s):  
Jarosław Karpacz ◽  
Aleksandra Pisarska
Keyword(s):  
Public Finance ◽  
Empirical Research ◽  
Public Universities ◽  
Financial Statements ◽  
Management Tool ◽  
Management Information ◽  
The Public ◽  
Comprehensive Measurement ◽  
Empirical Material ◽  
Selection Of

The aim of the study is to define a set of ratios, enabling multidimensional assessment of the activity of public universities as units of the public finance sector, in order to improve theefficiency of their management. The selection of appropriate ratios, which are also highly reliable in relation to occurring phenomena and processes, becomes a useful management tool. Hence, thecontent of the study includes a comprehensive measurement of a university's results. Empirical research was conducted at a deliberately selected multi-disciplinary university, i.e. an entityconducting research and didactic activities in many fields of science. The empirical material was collected using information derived from financial statements and analytical information from theaccounting books of the analyzed entity. The study covered the years from 2015 to 2019. The conducted empirical research provided evidence in the light of which the developed set of ratioshas a high management usefulness, as it allowed to assess the state of processes taking place in the examined unit.

scholarly journals TRENDS IN THE PRESENTATION OF BUDGET INFORMATION IN ROMANIAN FINANCIAL STATEMENTS

2021 ◽  
Vol 30 (30 (1)) ◽  
pp. 212-219
Author(s):  
Margareta Făgădar (Ghișa) ◽  
Claudiu – Florin Deac
Keyword(s):  
Financial Management ◽  
Optimal Allocation ◽  
National Level ◽  
Financial Statements ◽  
Management Tool ◽  
The Public ◽  
Administrative Capacity ◽  
It Service ◽  
Rational Management ◽  
And Performance

The country’s general economic development links public finances with the state, which needs financing, as they are a major concern for specialists in the field. The budget has objectively established itself as an appropriate and indispensable support for the establishment and rational management of public financial activities. A budget provides an overview of resources and how they are redistributed to achieve organizational objectives. Although the need for a system of programming and highlighting revenue and expenditure to support the implementation of specific activities and the dimensioning of their effectiveness is recognized, it is considered that this need is more pressing for public activities. As a financial management tool for strategic budgetary planning, best practices in the field of planning, and public financial management are strengthened, the public budget ends each year with the approval of the general account of its implementation. Romania is actively involved in the modernization of public sector financial management, thus it has managed to implement a well-functioning it service for reporting the financial statements of public institutions, which facilitates the collection of information needed for EU-level reporting. The implementation of this system at national level results in the discipline of the budget institutions and in full transparency as regards the budget used and how this budget has been spent. The aim of this work is to present, through an exploratory approach, the temptations in the presentation of budget information in the Romanian financial statements. Planning a realistic budget ensures optimal allocation of state resources, the achievement of political priorities, and involves only an extension of the time horizon in the preparation of the public financial plans, but also an economic focus and efficiency in the management of public resources. Responsible financial and budgetary management generates efficiency, effectiveness and performance in the design and implementation of balanced budgets for the functioning and development of the administrative capacity of public administration structures.

scholarly journals Transformation process of state accounting to accrual basis accounting in conditions of the Czech Republic

2013 ◽  
Vol 61 (7) ◽  
pp. 2593-2602 ◽  
Author(s):  
Milana Otrusinová ◽  
Eliška Pastuszková
Keyword(s):  
Public Finance ◽  
Czech Republic ◽  
Public Sector ◽  
Financial Statements ◽  
Transformation Process ◽  
Paper Briefly ◽  
The Czech Republic ◽  
The Public ◽  
Survey Results ◽  
Municipal Level

This paper briefly outlines the significant issues that occur during the implementation of the accrual principle accounting in the public sector in the context of the reform of accounting of public finance in the Czech Republic. The reform mostly regards government organizational units, self-governing territorial units and allowance organizations. The objective of the paper is to describe the transformation process from state accounting to accrual principle accounting in the Czech Republic and to identify the main problems associated with the introduction of accrual principle. Authors summarize these key problems with the use of questionnaire survey results at the municipal level in the Czech Republic. According to the research presented in this paper, the ongoing reform has not provided the intended transparency of accounting in selected entities and these tend to have an impression of their efforts being wasted by doing unnecessary work. Drawing on the above facts, approaches to the public finance accounting reform by central authorities and municipalities are different. However, we can say that the reform was launched to improve the situation of users of financial statements and had been needed for many years because public sector accounting regulations were incomplete and non-uniform.

scholarly journals Public Financial Management and Reforms to the State Sector Act

2019 ◽  
Vol 15 (4) ◽  
Author(s):  
Ian Ball
Keyword(s):  
Public Finance ◽  
Financial Management ◽  
Public Management ◽  
The State ◽  
Budget Process ◽  
State Sector ◽  
The Public ◽  
Administrative Action ◽  
Public Financial Management ◽  
Selection Of

This article addresses changes to the Public Finance Act that have been proposed in the Public Finance (Wellbeing) Amendment Bill or are being considered for future legislative or administrative action. It discusses these changes in the context of the State Sector Act. The interrelationship between the two pieces of legislation is described, as are the implications of proposed changes to the Public Finance Act. These changes include requirements for the specification of objectives for wellbeing (outcomes) in the budget process and reporting of wellbeing by the Treasury at least every four years. Changes also include, potentially, greater flexibility in the nature of appropriations and the selection of the services that will be provided within an appropriation, as well as legislative support for the public service to operate in a more ‘joined-up’, innovative and collaborative way. The article identifies as a strength of the proposed changes to the Public Finance Act and the State Sector Act that they maintain consistency between the two acts, but also identifies the risk of replacing one one-size-fits-all system with a different one-size-fits-all system, and considers a ‘two-track’ public management system as an alternative.

scholarly journals The reporting effects of different approaches to the depreciation of fixed assets in the accounting policies of public universities in Poland

2021 ◽  
Vol 45 (1) ◽  
pp. 135-154
Author(s):  
Aleksandra Pisarska
Keyword(s):  
Public Universities ◽  
Financial Statements ◽  
Public University ◽  
Legal Regulations ◽  
Structured Interviews ◽  
Fixed Assets ◽  
Research And Education ◽  
Practical Implications ◽  
Empirical Material ◽  
Depreciation Methods

Purpose: The aim of the article is to identify the reporting effects of the choice of method for the depreciation of fixed assets, defined in the accounting policy of a public university. Methodology: Empirical (qualitative) research was conducted in a deliberately selected group of public classical universities operating in Poland. The empirical material was col- lected by analyzing documents and from partially structured interviews conducted with the bursars (or their deputies) of these universities, who are considered to have the broadest knowledge about phenomena directly related to the surveyed entities’ finance and account- ing policies. Findings: Based on the results of the research, the depreciation approaches applied in public universities in Poland have been identified. Legal regulations relating to the man- agement of these fixed assets, which are important for implementing university tasks (i.e., necessary for research and education at the highest possible level), have also been estab- lished. The heterogeneity of the approaches leads to the lack of comparability of financial statements in this uniform group of public universities. Consequently, the identified nonuniform solutions affect the level of costs determined by universities while implementing tasks. Practical implications: The findings are important for university accountants (bursars) since they present them with solutions that can be applied in practice while pointing to the consequences of these different approaches. Originality/value: The principal cognitive value of the findings is the provision of empiri- cal arguments revealing the diversity of depreciation methods among units from the same sector of the economy – classical universities in Poland. At the same time, one of the sources of the problem of limited comparability of their financial results was indicated.

scholarly journals Public Finance Expenditure And Awarding Work To External Contractors - Case Of Slovenia

2011 ◽  
Vol 27 (1) ◽  
Author(s):  
Stanka Setnikar-Cankar ◽  
Janko Seljak ◽  
Veronika Petkovšek
Keyword(s):  
Public Finance ◽  
Local Government ◽  
Private Sector ◽  
Public Procurement ◽  
Public Law ◽  
Legal Basis ◽  
Public Funds ◽  
The Public ◽  
Procurement System ◽  
Selection Of

The research project “Awarding Work to External Contractors” studied the practice of implementing public contracts in a significant selection of Slovenian local government bodies. Public procurement has become a permanent accompaniment to the business of central and local government and other public law persons with the private sector, and now goes beyond Slovenia’s borders. The public procurement system aims at dynamism, with the possibility of a rapid response to the needs of those using public funds. The principles of public procurement and its legal basis mean the system is rigid and complex, by its nature.

PARABANK FINANCING OF MUNICIPAL INVESTMENTS

2018 ◽  
Vol 4 (2) ◽  
pp. 129-140
Author(s):  
Tomasz Wołowiec
Keyword(s):  
Public Finance ◽  
Capital Expenditure ◽  
Financial Resources ◽  
The European Union ◽  
Commercial Law ◽  
Proper Selection ◽  
Investment Projects ◽  
The Public ◽  
Selection Of

A condition for the effective acquisition of external financial resources coming from the funds of the European Union is the long-term planning and analysis of investment projects in the scope of proper selection of financing sources. According to art. 236 para. 4 of the Public Finance Act (hereinafter: ufp), in the property expenditure plan, the planned amounts of capital expenditure are distinguished in the system of departments and chapters.They include: investment expenditures and investment purchases, as well as programs financed with funds of referred to in art. 5 para. 1 point 2 and 3 ufp. In part related to the implementation of tasks of the local government unit; purchase and acquisition of shares and contributions to commercial law companies.

Citra Islam Moderat: Aksi Cyber PR dari PWNU Jawa Timur

2018 ◽  
Vol 1 (2) ◽  
pp. 212-232
Author(s):  
Sam Abede Pareno ◽  
M Rif’an Arif
Keyword(s):  
Text Structure ◽  
Online Media ◽  
Religious Traditions ◽  
The Public ◽  
Expert Opinions ◽  
Muslim Countries ◽  
Key Word ◽  
Nahdlatul Ulama ◽  
Muslim Majority ◽  
Selection Of

ABSTRACT Religious traditions in Indonesia are known to be very moderate and tolerant abroad is a reflection of the character of a great noble nation. Between religion, tradition and culture are able to perform compounds so as to create a genuine religious harmony. Because of this reality Indonesia is regarded as the largest Muslim majority country in the world that almost without conflict, in the midst of reality Muslim countries in the Middle East that impressed the dispute into the daily menu. However, the reality of Indonesia as a moderate nation is injured by the act of a group that is fond of terrorism and radicalism by riding Islamic religious teachings. Thus, this reversed religion is assumed as a source of cruelty.   It is through that phenomenon researcher, feel the need to examine the strategy of disseminating moderate Islam by Nahdlatul Ulama. The selection of this Islamic organization according to the authors due to its success in moderating Islam in Indonesia. In this study, the study using a qualitative approach or method as well as adopting the theory of Van Dijk discourse analysis as a scalpel to peel the discourse of moderate Islam published by PWNU East Java through the website. As for this research, the findings are important, among others are: 1) moderate Islamic discourse campaigned by Nahdlatul Ulama East Java is categorized into three segments, namely social, religious and nationality. 2) the text structure that builds moderate Islamic discourse NU East Java in Van Dijk perspective constructed in three domains, namely text, social cognition and social context. 3) the principles of Public Relationship implemented by NU through cyber (online media), among others; News publications and expert opinions, production of image and video-based information, and updating official NU information to the public about their attitudes and views on the phenomena that occur by promoting the values of Islamic moderatism. Key Word : Islamic Moderatism, Nahdlatul Ulama, Cyber Public Relationship

Novations in Budgetary Process: Budgeting Focused on Result

2005 ◽  
pp. 4-22
Author(s):  
V. Gamukin
Keyword(s):  
Public Finance ◽  
New Method ◽  
Budgetary Process ◽  
Commercial Sector ◽  
The Public ◽  
Starting Condition ◽  
Domestic Practice

In the article the starting condition of applicating the new method of organization of the budgetary process - the budgeting focused on result is estimated. The importance of specification of the conceptual and methodical device of budgeting with reference to the public finance is underlined. It is conditioned by the fact that rich foreign and domestic practice of budgeting in commercial sector cannot be directly used for optimization of a trajectory of movement of state and municipal finances.

Modernization of the Public Finance in Russia

2006 ◽  
pp. 103-111 ◽  
Author(s):  
Mst. Afanasiev ◽  
I. Krivogov
Keyword(s):  
Public Finance ◽  
The Public ◽  
Budget Reform

Russian public finance reforming under conditions of substantial increase of budget expenditures is analyzed in the article. Basic directions of the budget reform are considered that are formulated in the variant of the Budget Code, which is currently still under discussion. The focus is made on results-based budgeting and federal investment programs management.

The Reporting Entity in Private-Public Accounting Harmonisation. Is Control Enough for the Local Government Consolidated Financial Statements?

2017 ◽  
pp. 5-29 ◽  
Author(s):  
Cristian Carini ◽  
Laura Rocca ◽  
Claudio Teodori ◽  
Monica Veneziani
Keyword(s):  
Public Sector ◽  
Local Government ◽  
Accounting Standards ◽  
Financial Statements ◽  
Consolidated Financial Statements ◽  
The Public ◽  
Financial Accountability ◽  
Public Sector Accounting ◽  
Definition Of ◽  
Reporting Entity

The European Commission initiated a discussion on the expediency of using the International Public Sector Accounting Standards (IPSAS), based on the IAS/IFRS, as a common base for harmonizing the public sector accounting systems of the member states. However, literature suggests that accounting is not neutral with respect to the economic, social and political dimensions. In the perspective of evolution of the accounting regulation outlined, balanced between accountability, with the need to represent phenomena for reporting pur-poses, and decisionmaking issues, which concentrates on the quantitative importance of the values, the paper aims to analyse the effects of the application of different criteria for the definition of the reporting entity of the local government consolidated financial statements (CFS). The Italian PCA 4/4, the test of control and the financial accountability approaches are examined. The evidence that emerged from the case studies examined identifies several criticalities in the Italian PCA 4/4 and support the thesis that the financial accountability approach is more effective in providing a complete representation of the public resources entrusted to and managed by the group, whereas the control approach better approximates quantification of the group results in terms of central government surveillance. The analysis highlights the importance of the post implementation review period and the opportunity to contextualize the adoption of the consolidated financial statement in the broader spectrum of the accounting harmonization process, participating in the process of definition of the European Public Sector Accounting Standards (EPSAS).

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