THE APPLICATION OF A ZETA SCOR MODEL IN THE FUNCTION OF IMPROVING FINANCIAL REPORTING IN THE PUBLIC SECTOR WITH SPECIAL PROPOSALS
Ključne reči:
public sector, accounting principles, financial reports, Zeta Score MethodApstrakt
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.
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