Cost Planning and Controlin Croatian Public Sector

Lutilsky, Ivana Dražić; Vašiček, Vesna; Vašiček, Davor

doi:10.1080/1331677x.2012.11517515

Cited by 5 publications

(5 citation statements)

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“…The non-indivisible part of the management of the company represents the correct evaluation (Svoboda, 2007;Liu, 2010;Horton et al, 2011;Drazic-Lutilsky et al, 2012;Durocher & Gendron, 2014;Liang & Riedl, 2014;Popovic et al, 2015; ) parts of the company and all other factors related to the rational management of the management. Essential such an approach requires the adoption of longterm business decisions at the level of the entire economy (Perry & Shivdasani, 2005;Davis & Nicholson-Crotty, 2016), to enable a realistic development of the economy of a state (Topcu & Serap Coban, 2017).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Impact of Internal Control in Enterprises Founded by Local Self-Government Units: The Case of Republic of Serbia

Radović

Vitomir²,

Popović

2021

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In the countries in transition, like the Republic of Serbia, system innovations are being introduced, such as the implementation of internal controls in enterprises. The authors of the paper formulated a research question which is if the introduction of internal controls could have an impact on the improvement of governance in public utility enterprises founded by the units of local self government. The main goal of the research was to identify possible improvement in corporate operations measured by an increase in revenues made by public utility enterprises following the implementation of internal controls. In addition to that, the secondary goal of the authors was to determine differences in operating efficiency between public utility enterprises and the so called other enterprises that put in place internal controls in their current operations. Further on, the authors of this paper wanted to find out which type of internal controls in place in public utility enterprises and other enterprises enabled best performance. The usefulness of the study is visible in the presented results of the research. Specifically, they indicate significant differences between public utility enterprises and other enterprises, both in terms of implementation of internal controls and in their performance, which was proven in 2018. In addition to that, performance of public utility enterprises founded by local self-government units is found to be better than that of the so called other enterprises after the introduction of internal controls.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Impact of Internal Control in Enterprises Founded by Local Self-Government Units: The Case of Republic of Serbia

Radović

Vitomir²,

Popović

2021

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“…Deriving from research results, based on our own survey and literature review (Arbab Kash et al, 2014;Burton & Rycroft-Malone, 2014;Rosenberg Hansen & Ferlie, 2016;Haslam & Marriott, 2006;Jacobs et al, 2004;Lutilsky et al, 2012;Malmmose, 2015), we extracted some general conclusions, which are important also from a theoretical contribution perspective. Since public hospitals are floating between economic efficiency and high quality health services, the development of a cost accounting system should be based on analysis of the organisation's heterogeneous resources, focusing mainly on those that create value on one side and efficiency on the other (Rosenberg Hansen & Ferlie, 2016).…”

Section: Discussionmentioning

confidence: 99%

“…The expenses are recognised at the moment when the transaction or business event appears regardless of the time of payment. Consequently, hospitals do not account for depreciation of the asset as well as the systematic allocation of the cost over the useful life of its usage (Lutilsky et al, 2012). The Slovenian accounting model provides a more accurate measure of a financial position and a more accurate picture of the assets and liabilities at the end of an accounting period since accrual accounting has been expected to provide more appropriate information for decision makers and lead to better decision making (Anessi-Pessina & Cant u, 2016).…”

Section: Comparison Of the Healthcare Systems In Slovenia And Croatiamentioning

confidence: 99%

“…Our research is focused on cost accounting systems within MASs and their characteristics and role in public hospitals in Slovenia and Croatia. Based on the findings of numerous researchers (Anessi-Pessina & Cant u, 2016;Demir, 2018) considering the trends of public sector transformations in CEEC, it has turned out that accounting as a business function is deficient in all aspects, both in Slovenia and in Croatia (Duhovnik, 2007;Lutilsky, Va si cek, & Va si cek, 2012).…”

Section: Introductionmentioning

confidence: 99%

“…In accordance with the outlined role of MAS at micro and macro (internal/external) level and its usefulness in the healthcare systems, the paper strives to present the significance of MAS in a socio-economic context and highlight the research needs concerning the various aspects of MAS. The neglected function of cost accounting within MAS in public sector organisations (Jovanovi c & Dragija, 2018;Lutilsky et al, 2012;Spekle & Verbeeten, 2014) have been perceived as an administrative or even bureaucratic activity. Based on the resource-based view (RBV) in the strategic management theory of public organisations, which observes the interior structure of the organisation, as well as its resources and capabilities (Arbab Kash, Spaulding, Gamm, & Johnson, 2014;Bryson, Ackermann, & Eden, 2007;Rosenberg Hansen & Ferlie, 2016), the paper presents the insight into the development stage of cost accounting systems in Slovenian and Croatian hospitals.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Implementation of cost accounting as the economic pillar of management accounting systems in public hospitals – the case of Slovenia and Croatia

Jovanović

Dražić-Lutilsky

Vašiček

2019

Economic Research-Ekonomska Istraživanja

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Healthcare sector expenditures persistently rise due to various public health, demographic, and socio-cultural reasons. This fact caused repeated calls for reforms of the economic model in the healthcare sector due to increased concern for efficiency. The aim of this paper is the comparison of the Slovenian and Croatian healthcare systems, focusing mainly on the current development stage and the future challenges of the management (cost) accounting systems. The research is mainly interested in the analysis of capabilities of cost tracking according to different criteria and identification of the main constraints in the implementation of a full costing method in Slovenian and Croatian hospitals. The methodology of the literature review and electronic survey was used to assess the practice in both countries. Analysing the data collected from the responses of 26 (100%) Slovenian and 52 (91.22%) Croatian hospital accountants and financial officers, it is possible to claim that Slovenian and Croatian management accounting systems are at a very early development stage. Nevertheless, the analysis reveals several similarities, as well as differences, between the two systems, and it can be concluded that Slovenia has succeeded in making greater progress, especially when observing systematical cost monitoring and implementation of national cost analysis.

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Application of international accounting standard-16 in a public company with predominantly agricultural activities

Popović¹,

Novaković

Đuranović

et al. 2017

Economic Research-Ekonomska Istraživanja

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This work suggests the existence of a number of advantages for companies that have opted for the application of International Accounting Standards. Their application allows fair reporting, which is extremely important for countries in transition, as well as for those countries that have not applied IAS. The authors carried a study related to full application of IAS 16 to 114 companies, of which 10 are public and 104 other companies are from the wider area of Novi Sad, in the period 2010-2015. In addition, the study of the case of public companies is done in order to demonstrate the situation before and after the valuation of assets and equipment as at 30 June 2012. The state after 3 years is fairly shown on 30 June 2015, all in order to make valid conclusions regarding fair reporting of the public enterprises. It can be concluded that the application of IAS 16 has multiple benefits by companies that fully apply fair reporting in its operations. JEL CLASSIFICATIONS G32; G39; Q56ARTICLE HISTORY

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Cost Planning and Controlin Croatian Public Sector

Cited by 5 publications

References 0 publications

Impact of Internal Control in Enterprises Founded by Local Self-Government Units: The Case of Republic of Serbia

Impact of Internal Control in Enterprises Founded by Local Self-Government Units: The Case of Republic of Serbia

Implementation of cost accounting as the economic pillar of management accounting systems in public hospitals – the case of Slovenia and Croatia

Application of international accounting standard-16 in a public company with predominantly agricultural activities

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