engleski

Analysis of different costing methods for development of financial indicators at Croatian faculties

The purpose of this paper is to present development of financial indicators under the Balanced Scorecard (BSC) model by using different costing methods. Our analysis is based on faculties as budgetary users that get their funds mainly from state budget and need to have information about costs of their services. The funds of faculties are restricted and because of that it is necessary to manage with them efficiently and effectively. Therefore, quality management of faculties requires development of financial indicators. We investigated most important financial indicators under BSC model and we will present most important differences under these indicators regarding use of traditional costing method or Activity Based Costing (ABC) method. Result of our analysis showed that the main difference between mentioned costing methods is in the proportion of direct and indirect costs in the total expenses. That difference is the result of different allocation of costs on their cost carriers. Moreover, this paper presents use of different financial indicators on some universities and also provides information about negative side of using financial indicators at faculties.

financial indicators; faculties; costing method; Balanced Scorecard; ABC method

nije evidentirano