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2019, vol. 22, iss. 85, pp. 89-101
The application of a Zeta score model in the function of improving financial reporting in the public sector with special proposals
a'Sinus', Sombor
bMegatrend University, Faculty of Management, Zaječar

emailsinus@mts.rs, bojan.djordjevic@fmz.edu.rs
Keywords: public sector; accounting principles; financial reports; Zeta Score Method
Abstract
The aim of this paper is to analyze from the empirical point of view the importance of the adequate bookkeeping methodology for efficient financial management of a budget organization in function of decrease of risk of bankruptcy as well as advancement of quality of information and timely decisions. In this paper the basics, specific characteristics and problems of application of the cash and calculation accounting principles are presented in an original and scientifically founded way in order to advance the quality of bookkeeping information in health organizations and thereby decrease the risk of bankruptcy of indirect budget beneficiaries. In order to assess the zone in which an examined subject is, we have chosen the Zeta Score Model and applied it throughout this examination. The final results point to significant possibilities of application of the said model and to the necessity of revision of accounting methodology and practice in our country.
References
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About

article language: Serbian
document type: Professional Paper
DOI: 10.5937/Rev1885089D
published in SCIndeks: 09/03/2020