Cost Management at Higher Education Institutions – Cases of Bosnia and Herzegovina, Croatia and Slovenia

• DOI: 10.17573/cepar.2019.1.07
• Publication Date: 2019-05-14T18:51:05Z
• Authors: Martina Dragija K...; Tatjana Jovanović; Jelena Jurić
• Keywords: JF20-2112; 4. Education; cost management, financial accounting, higher education institutions, accrual accounting, Bosnia and Herzegovina, Croatia, Slovenia; 0502 economics and business; 05 social sciences; 8. Economic growth; Political institutions and public administration (General)

Higher education expenditures persistently rise due to various economic, demographic and socio-cultural reasons. This caused repeated calls for reforms of the economic model in higher sector dramatically increased importance evaluations last decades concerns efficiency. The above academic challenges led us pioneering an attempt evaluate capabilities financial management tools three Western Balkan countries, i.e. Bosnia Herzegovina, Croatia Slovenia. precondition successful reform processes is certainly a comprehensive high-quality accounting information system that meets not only requirements external reporting but also internal users, especially HEIs. In context, main aim this paper overview legal organizational systems' characteristics focusing on requirements, study level development usage cost at HEIs selected countries. Therefore, our employs research methodology based survey conducted. results show great differences systems among countries as well stages systems, which mainly focus inconsistent overhead allocation different basis usage. confirm poorly conceptualised structured purposes, offering several applicable platforms creation performance approaches strategies public sector.