Finance and Accounting in public administration

Zobrazit stránku: Česky

Provision of public services is necessarily and justifiably subject to detailed control and audit by the public administration in order to ensure proper and economic handling of taxpayers’ funds.

Ensuring transparency in the decision-making process within the allocation of public resources and assigning the responsibility for its subsequent impact represent key requirements for the operation of a reliable system.

 

Current challenges

  • I need to ensure bigger transparency in provision of public services.
  • I need to develop a scenario of development of financial results in the next period.
  • I need to harmonize the internal accounting and consolidation methodologies and directives with international standards.
  • I need to identify possible resources for funding additional activities.
  • I need to analyze and evaluate utilization of assets in the ownership of the public administrative organisation.
  • I need to allocate assets and costs to key processes of the organization.
  • I need to assess a tender.
  • I need to find the examples of best practice in reporting.
  • I need to find the examples of best practice in reporting.

How we helped the clients

  • We provided advisory services to the Ministry of Finance of the Slovak Republic on enhancement of public finance accounting and reporting systems.
  • We developed an analysis of assets and an estimate of financial results of CDV (Centrum dopravniho vyzkumu – Transport Research Centre) for the period 2007 - 2009.