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 Mechanisms of corporate governance and performance: analysis of public companies listed in BM&FBovespa

2017 ◽  
Vol 16 (3) ◽  
pp. 1161-1184
Author(s):  
Josimar Pires Da Silva ◽  
Mariana Pereira Bonfim ◽  
Rafael Martins Noriller ◽  
Carlos Vicente Berner
Keyword(s):  
Corporate Governance ◽  
Performance Analysis ◽  
Financial Statements ◽  
Public Companies ◽  
The Public ◽  
Corporate Governance Mechanisms ◽  
The Government ◽  
And Performance ◽  
Future Reference

AbstractThe objective of this research is to verify the level of relationship between the mechanisms of corporate governance and the performance of the companies of the public subsector, listed on BM&FBovespa. The research was based on the financial statements from 2010 to 2014, obtained on the BM&FBovespa website, resulting in a sample of 63 companies with 315 observations. In order to calculate the performance proxy of the company, the ROA was used, and for the calculation of the proxies of the corporate governance mechanisms were used for the quality of the audit, the concentration of ownership in common shares and preferred shares, participation in the levels of governance of BM&FBovespa, number of shares held by the government and number of directors in the Board, adapted from the Mollah and Zaman (2015) survey. Convergence with national and international research, the findings of the study showed that such variables as quality of profit, concentration of ownership in preferred shares, participation in governance levels and size of the Board are positively related to the performance of the company; already a concentration of ownership in common shares and number of shares held by the government are negatively related to performance. For future reference, it is recommended to expand other sectors of the market as well as to use other mechanisms of corporate governance, presented in the literature.Keywords: Corporate Governance. Performance. Public Subsector.Mecanismos de governança corporativa e desempenho: análise das companhias do subsetor de utilidade pública listadas na BM&FBovespa Resumo O objetivo da pesquisa foi o de verificar o nível de relação entre os mecanismos de governança corporativa e o desempenho das empresas do subsetor de utilidade pública, listadas na BM&FBovespa. A pesquisa teve como base os dados das demonstrações financeiras de 2010 a 2014, obtidas no sítio eletrônico da BM&FBovespa, resultando assim, em uma amostra de 63 empresas, com 315 observações. Para o cálculo da proxy de desempenho da empresa foi utilizado o ROA, e para o cálculo das proxies dos mecanismos de governança corporativa foram utilizadas a qualidade da auditoria, concentração de propriedade em ações ordinárias e em ações preferenciais, participação nos níveis de governança da BM&FBovespa, número de ações mantidas pelo governo e número de diretores no Conselho, adaptado da pesquisa de Mollah e Zaman (2015). Convergente com pesquisas nacionais e internacionais, os achados desse estudo evidenciaram que as variáveis qualidade do lucro, concentração de propriedade em ações preferenciais, participação nos níveis de governança e tamanho do Conselho são positivamente relacionados com o desempenho da empresa; já a concentração de propriedade em ações ordinárias e o número de ações mantidas pelo governo são negativamente relacionadas com o desempenho. Para pesquisas futuras, recomenda-se ampliar a outros setores do mercado bem como utilizar outros mecanismos de governança corporativa, presentes na literatura.Palavras-chave: Governança Corporativa. Desempenho. Utilidade Pública.

Guest editorialHappy endings and successful stories in public sector financial management: a lesson drawing perspective

2021 ◽  
Vol 34 (4) ◽  
pp. 393-406
Author(s):  
Sandra Cohen ◽  
Francesca Manes-Rossi ◽  
Isabel Brusca ◽  
Eugenio Caperchione
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
Local Governments ◽  
Financial Statements ◽  
Special Issue ◽  
Content Type ◽  
Public Financial Management ◽  
Political Implications ◽  
Public Sector Organizations ◽  
And Performance

PurposePublic financial management has been characterized by the implementation of several innovations and reforms that embrace different areas and scope. These reforms aim at expenditure rationalization and efficiency enhancement, as well as the improvement of accountability and performance. Despite research having already paid attention to these innovations and reforms, the strengths, weaknesses, opportunities and threats empirically faced by public sector organizations still need to be investigated. This editorial introduces the special issue by emphasizing on the lessons that can be learned from past reform experiences.Design/methodology/approachThe editorial synthesizes some of the findings of the previous literature and evidences the necessity of both successful and unsuccessful stories, presenting a future agenda of research which emphasizes the use of case studies as a suitable method to get insights out of multiple experiences.FindingsThe four articles presented in this special issue, covering the topics of accrual accounting adoption, the use of financial statements by councilors, the use of performance information by politicians and the outsourcing of auditing in local governments, provide an overview of the efforts and challenges faced by public administrations by analyzing the influence of the institutional context, the relevance of political implications and their practical footprint.OriginalityIn this special issue, four successful stories that touch upon multiple facets of public financial management in different country contexts are discussed, and they signal important takeaway messages for further reforms.

scholarly journals Contrôle de Gestion et Performance dans les Organisations Publiques Marocaines: Quelles Spécificités?

2017 ◽  
Vol 13 (19) ◽  
pp. 231
Author(s):  
Botaina Mjidila ◽  
Youssef El Wazani ◽  
Malika Souaf
Keyword(s):  
Performance Management ◽  
Balanced Scorecard ◽  
Management Control ◽  
Management Tool ◽  
Balance Scorecard ◽  
Private Companies ◽  
The Balanced Scorecard ◽  
The Public ◽  
And Performance ◽  
The Impact

This paper focuses on the practice of Management Control within public organizations. Also, it provides an overview of the various constraints limiting the success of the implementation of this discipline in this type of organization. It also focuses on the impact of the implementation of a performance management system on these structures. Modernization and performance, two notions which is interdependent with the practice of management control, will also be mentioned in a synthetic way. In order to do this, we first present the concepts of modernization and performance. This was done according to different approaches. After then, it analyzed the performance management tool mostly used by private companies: "the management dashboard". Finally, the last part of this study will be devoted to discussing the relevance of the balanced scorecard developed by Norton and Kaplan. Also, they considered the balance scorecard to be the most appropriate tool in the public domain.

scholarly journals Development of General Budget Preparation Methods in Governmental Units (An applied study in the bureau of the Presidency of Raparin University)

2021 ◽  
Vol 8 (4) ◽  
pp. 225-249
Author(s):  
Halmat Rasol Smiel ◽  
Ghazi Othman Mahmod
Keyword(s):  
Optimal Allocation ◽  
Modern Method ◽  
Effective Control ◽  
Public Expenditures ◽  
Public Budget ◽  
Strategic Decisions ◽  
Preparation Methods ◽  
The Public ◽  
The World ◽  
And Performance

The aim of this research is to shed light on the concept and significance of balancing programs and performance as one of the modern methods of preparing the public budget، because this method has many advantages in improving planning، rationalization of expenditure، and control of public funds، and this modern method has been applied in many countries around the world and proven its success as a continuation.The countries of the world، by following the traditional method (items) in preparing the public budget، have led over the years to an increase in the volume of public expenditures without an actual need for this increase.       The researchers applied a new method for preparing the general budget at Raparin University، and then compared the estimated expenditures according to the traditional budget (items) for the year 2021 prepared by the Directorate of Financial Affairs of the Raparin University Presidency Office and the estimated expenditures according to the budget of programs and performance        The research has reached a set of conclusions، the most important of which is the use of the program and performance budgeting system، which leads to the optimal allocation of resources، increasing the efficiency and effectiveness of programs and activities، and using it to achieve the objectives related to each program and to achieve effective control over these programs by following up on the extent to which the programs achieve their predetermined goals.The research recommends the need to adhere to the principles، rules and practices that underpin the philosophy of the method of balancing programs and performance by all government departments in general and the research sample in particular، as this method leads to a state of creativity among government budget preparers and provides them with the best solutions، and then considers it a clear approach.Government units take strategic decisions.

scholarly journals DIGITALIZATION: THE USE OF BLOCKCHAIN IN PUBLIC SECTOR

2020 ◽  
Vol 5 (2) ◽  
pp. 72-82
Author(s):  
Nemer Aburumman ◽  
Jihad Fraij ◽  
Róbert Szilágyi
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
Organizational Transformation ◽  
New Technology ◽  
Security And Privacy ◽  
Future Research ◽  
The Public ◽  
Blockchain Technology ◽  
And Performance ◽  
Trusted Data

In a world of nonstop developing technology, Blockchain has become a trusted tool to apply transparency in the public sector. The consensus mechanism provides trusted data that can support clear and adjusted as well as well-structured procedures. Nowadays, the public sector can increase trust by adapting Blockchain applications in the services offered to be e-government portals. In this paper, the researchers review the literature to identify the potential use cases and application of Blockchain in e-government services. This new technology along with its related applications will be discussed and defined. Moreover, the possibilities of using Blockchain in the public sector and its impact on organizational transformation, financial management, and performance are increasing. The study concluded that the use of blockchain technologies and applications is still limited in the public sector. Obstacles and barriers are related mostly to (security and privacy) and law and by-laws support. This paper will provide a useful reference for researchers in blockchain applications and their impact on e-government and propose future research questions that need to be addressed to inform how the public sector should approach the blockchain technology adoption.

Smart cuts?: Strategic planning, performance management and budget cutting in U.S. cities during the great recession

2014 ◽  
Vol 26 (3) ◽  
pp. 494-526 ◽  
Author(s):  
Benedict S. Jimenez
Keyword(s):  
Strategic Planning ◽  
Performance Management ◽  
Local Governments ◽  
The Great Recession ◽  
Administrative Capacity ◽  
Cutback Management ◽  
Rational Management ◽  
Effective Organization ◽  
And Performance ◽  
Research Show

Periods of fiscal decline present an opportunity for city officials to transform their local government into a leaner and more effective organization by targeting cuts to non-essential programs and services. However, the political nature of the fiscal retrenchment process means that such opportunity is often squandered. Could the application of strategic planning and performance management in cutback management lead to a more focused and targeted budget cutting? Advocates of rational management believe that information gathering, analysis and use in decision-making can help local governments adapt to a fiscal crisis by facilitating targeted cuts in expenditures that preserve administrative capacity, and avoiding across-the-board cuts that trim both the organization's muscle and fat. The results of this research show that rational analytic techniques do matter in budget cutting.

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 LITERASI DIGITAL DALAM PENGGUNAAN SISTEM INFORMASI PENGENDALIAN TAGIHAN

2018 ◽  
Vol 1 (1) ◽  
pp. 44-53
Author(s):  
Intan Ladyta ◽  
Yosi Handayani ◽  
Roza Puspita
Keyword(s):  
Financial Reporting ◽  
Digital Literacy ◽  
Financial Management ◽  
Financial Statements ◽  
Relevant Information ◽  
Main Concern ◽  
The Public ◽  
Representative Office ◽  
The Government ◽  
Material Information

Badan Pengawasan Keuangan Kepuluan Riau  Representative is one of the government institutions which get considerable attention in its financial management. All the money used should be made accountable. Responsibility of each work unit is made using SINTAG application where the result of this input will be compiled into a document of accountability. It would be an update for the treasurer to prepare financial statements. There is  a problem especially in the public relation section and administration chief representative in the input process, there is an error in inputting data  such as and error in typing or nominal numbers. Such errors would generate not accurate and relevant information for expenditure treasurer in which the inputting results will be material information in financial reporting. Based on the results of the study during an apprenticeship at the Supreme Audit Board of Kepuluan Riau Representative Office, it was found that, digital literacy in using system is one of the main concern, the financial sub-section controls this issue by cross-checking the invoice with the result of input to the SINTAG application in the form of a bill control and pay order.

scholarly journals Accountability and Transparency : Application of Good Educational Governance

2019 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Darmawan Darmawan
Keyword(s):  
Financial Management ◽  
Descriptive Analysis ◽  
Financial Statements ◽  
Analysis Data ◽  
Survey Method ◽  
The Public ◽  
Quantitative Data Analysis ◽  
Document Review ◽  
The Relationship

Aims of research is to determine the quality of financial management at the madrasah tsanawiyah in the region of the office Ministry of Religious Affairs Bandung district. The issue is how much influence the accountability and transparency to madrasah financial management at public madrasah Tsanawiyah in Bandung district. The method used is survey method explanative with quantitative data analysis, data collection techniques conducted through questionnaires and document review and interviews. The results showed about madrasah financial management in the Ministry of Religious Affairs Office of Bandung district, as follows: 1. the magnitude of the relationship simultaneous between X1 and X2 to Y is high which 0.768. While the contribution together variables X1 and X2 to Y by 59%. The results of descriptive analysis of the variable Y, the most powerful indicator of the organization and coordination of 83.36% while the lowest indicator is 77.99% for controls; 2. The relationship variable X1 on Y is 0.762 while the contribution of variables X1 to Y by 58.1%. The testing of hypothesis saw that significantly affects the accountability to financial management. The results of descriptive analysis of the variables X1, the most powerful indicator is periodic and annual financial statements of 82.31% while the weakest indicator is the quality of the preparation of APBM of 66.85%; 3. The relationship variables X2 to Y is 0.636 while the contribution of variables X2 to Y by 40.4%. The testing of hypothesis saw that significantly influences the transparency to financial management. The results of descriptive analysis on the variables X2, the most powerful indicator is the assurance of integrity by 81% while the weakest indicator is the availability of information to the public at 68.81%; 4. In general it can be concluded that the accountability and transparency of financial management in the Ministry of Religious Affairs Office of Bandung district has been running well but there needs to be increased to achieve the expected results.

THE APPLICATION OF BALANCED SCORECARD IN UNIVERSITIES IN VIETNAM

2020 ◽  
Vol 42 (06) ◽  
Author(s):  
NGUYỄN NGỌC KHÁNH DUNG
Keyword(s):  
Balanced Scorecard ◽  
World Economy ◽  
Developed Countries ◽  
Performance Measure ◽  
Quality Education ◽  
Management Tool ◽  
Management Tools ◽  
The Public ◽  
The World ◽  
And Performance

Balanced scorecard (BSC) is the most important and influential management tool in the field of management and performance evaluation in developed countries (Lakshmi Narayanamma et al., 2016). BSC was first introduced by Kaplan & Norton in 1992 and widely used in business sector and education sector around the world as a strategic management system to improve the organization’s performance. Vietnam is a developing country, increasingly deeper and wider integration into the world economy, so the renovation and application of modern management tools are essential. This paper aims not only at proposing an adapted BSC to the public universities in Vietnam, but it also aims at suggesting performance measure indicators (PMIs) in general. The application of BSC is necessary when universities are always concerned about the results of training (but not financial results) to provide top quality education which are skilled graduates for the society.

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