Danubius International Conferences, 6th International Conference on European Integration - Realities and Perspectives

Managerial Accounting - An Instrument for Measuring Performance in Public Institutions

Adelina Dumitrescu
##manager.scheduler.building##: B Hall
##manager.scheduler.room##: B 11
Date: 2011-05-13 03:30 PM – 05:00 PM
Last modified: 2011-05-10

Abstract

Performance is a very abstract, yet commonly used notion.  Many entities and organizations stipulate performance as a goal which has to be reached, sustained, developed or emphasized, but only the fewest know what performance and performance measuring are all about. Performance and performance growth however are indisputably linked with the sustainable development of organizations. Especially for public institutions, where, because of their nonprofit character, performance cannot be measured by economic gains, it is important to have an instrument which gives clear, objective and quantifiable parameters for expressing this concept. Since performance is also a matter of vision, it does not suffice to relate to the “Three E Principle”, thus strategy and vision have become over the years important factors which contribute to the success of entities and organizations. This paper borrows a widely used instrument of the private sector to be applied for public institutions as a mean to turn vision and strategy into concrete actions whose results can be then used to measure performance.

 KEY WORDS

Performance, Scorecard Balanced, Managerial Accounting, Public Institutions, Strategy