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Cost and management accounting in budget-funded organizations in Bosnia and Herzegovina

Author

Listed:
  • Benina Veledar

    (University of Sarajevo - School of Economics and Business in Sarajevo, Sarajevo, Bosnia and Herzegovina)

  • Amra Gadzo

    (University of Tuzla - Faculty of Economics in Tuzla, Tuzla, Bosnia and Herzegovina)

  • Srdjan Lalic

    (University of East Sarajevo - Faculty of Economics in Brcko, Brcko, Bosnia and Herzegovina)

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 does not provide measurement and reporting on efficiency, effectiveness, and economy of the public administration, which results in a decrease in transparency and the creation of a favourable ground for corruption. Therefore, the study was conducted among 208 budget-funded organizations 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. Research results have shown that, even though respondents are less familiar with cost and management accounting practices, they believe that the introduction of new forms of accounting (cost and management accounting) into budget accounting system 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.

Suggested Citation

  • Benina Veledar & Amra Gadzo & Srdjan Lalic, 2020. "Cost and management accounting in budget-funded organizations in Bosnia and Herzegovina," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 18(2B), pages 299-311.
    • Handle: RePEc:zna:indecs:v:18:y:2020:i:2:p:299-311
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    References listed on IDEAS

    as
    1. Glenn Rayp & Nicolas Van De Sijpe, 2007. "Measuring and explaining government efficiency in developing countries," Journal of Development Studies, Taylor & Francis Journals, vol. 43(2), pages 360-381.
    2. Veledar, Benina, 2015. "The Role of Accounting in the Prevention of Corruption: Perception of Experts from Bosnia and Herzegovina," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, pages 399-406, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
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    More about this item

    Keywords

    budget accounting system; cost accounting; management accounting; performance measurement; Bosnia and Herzegovina;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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