THE REFORM OF GOVERNMENT ACCOUNTING SYSTEM WITH THE AIM TO INCREASE EFFICIENCY IN OFFERING PUBLIC SERVICES

• Main Author: Јелена Пољашевић, PhD
• Format: Article
• Language: English
• Published: University of Banja Luka, Faculty of Economics 2009-06-01
• Series: Acta Economica
• Subjects: public sector, accounting base, financial reporting, elements of financial statements, budget.
• Online Access: http://ae.ef.unibl.org/index.php/AE/article/view/242
• ISSN: 1512-858X; 2232-738X

Approaching Bosnia and Herzegovina to European Union is requesting the harmonization of business not just in private but also in public sector with European models. The public sector is required to realize goals with lower costs. Traditional measuring of success, implementing the budget according to the scheduled one, are moving to efficiency and effectiveness in offering public services. Aiming to bring high-quality political, economic and social decisions but also appraising the responsibility of public managers, it is asserted to create suitable government accounting system which will present information about governmental activities in whole. This goal may be realized only by accepting accrual accounting bases. The system of financial reporting, which is the product of accounting system, should present information according to international accounting and statistic systems. On the base of these information, we can appraise the state development, compare it to other states, enable fiscal analysis and the viability of government activities and their influence to the rest of the economy. The challenges which global economic depression is placing to states, are additionally underlining the necessity of creating governmental accounting system based on accrual accounting in order to, through effective decisions of public managers, reduce fiscal unloading of population and economy.