Year 2019, Issue 3
Date published12.7.2019
Table of content
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Maged Albaz, Mohamed Mostafa Ali Albaz
CORE PERSPECTIVES OF PERFORMANCE MEASUREMENT IN NPOS: IN SEARCH OF ACCOUNTABILITY AND LEGITIMACYJEL: M00Summary: Purpose: The Main Purpose of this research is to set the scene for Non-Profit Organizations’ performance by synthesizing the vast array of literature on performance measurement frameworks to examine what constitutes performance... Purpose: The Main Purpose of this research is to set the scene for Non-Profit Organizations’ performance by synthesizing the vast array of literature on performance measurement frameworks to examine what constitutes performance measurement, and why it is a fundemental issue for the NPO sector. The research also analyses the main issues of performance measurement in NPOs. Methodology: This research takes the form of a literature review. The author draws on extensive research on measuring the performance in NPOs from a diverse range of disciplines to explore definitions, challenges and solutions with performance measurement in NPOs. Value: The categorizations of approaches to measure the performance in NPOs should guide researchers and practitioners. Findings: Non-Profit Organizations need new indicators to assess their economic, social and financial performance, in order to increase the accounting disclosure for social and economic value added resulting from its activities. -
LYUDMIL KRYSTEV
THEORETIC ASPECTS OF FINANCIAL CONTROLLING IN THE FIRMSummary: The focus is on financial controlling as part of the controlling in the firm. The article highlights the need of financial controlling Bulgarian companies. It explores the factors of the external and the internal environment of the... The focus is on financial controlling as part of the controlling in the firm. The article highlights the need of financial controlling Bulgarian companies. It explores the factors of the external and the internal environment of the company within the context of financial controlling as well as the types of controlling. The major financial indicators that are used as a basis for the formulation of the goals of the company are outlined. -
Trayan Yosifov
CONDITION OF THE BANK LOAN MARKET IN BULGARIASummary: While not all domestic businesses are growth-oriented, at some stage of their development they need capital to improve their competitiveness and adaptability to changes of their business environment. The access to affordable bank... While not all domestic businesses are growth-oriented, at some stage of their development they need capital to improve their competitiveness and adaptability to changes of their business environment. The access to affordable bank loans is crucial for the development of many Bulgarian businesses, which face increasing external and internal competition. This is due to the fact that there are virtually no alternative sources of financing in our country. The present study aims to present an analysis of the credit market in the country in view of the key importance of bank monetary resource, which is a major factor for strengthening the competitive potential of Bulgarian enterprises. The article presents an analysis of the domestic bank loan market in terms of the key importance of banks’ financial resource, which is a major factor for raising the competitiveness of the Bulgarian enterprises. -
Ina Lecheva
POLICIES AND PROCEDURES OF EX-ANTE CONTROL FOR LEGALITYSummary: he ex-ante control for legality has been part of the introduced control activities for obligatory application in the public sector ever since the year 2000, as it has undergone alterations in the philosophy of its execution over the... he ex-ante control for legality has been part of the introduced control activities for obligatory application in the public sector ever since the year 2000, as it has undergone alterations in the philosophy of its execution over the years. The latest amendments in the legislation in the year 2019 set a requirement to managers in the public sector to introduce policies and procedures of ex-ante control for legality. Such policies and procedures shall be based on several pillars. On the one hand, the ex-ante control for legality shall be executed in compliance with the instructions for the order and means of executing ex-ante control for legality set by the Minister of Finance. On the other hand, it shall be based on risk assessment in the enterprise. Last, but not least, the policies and procedures shall observe the cost of control based on the cost benefit analysis. -
Vladimir Damyanov
OPTIMIZING FIRE SAFETY IN BULGARIA THROUGH INTERNET TECHNOLOGIESKeywords: optimization, computer systems and Internet technologies, e-governance, fire safety, Chief Directorate Fire Safety and Civil Protection, Ministry of Interior (CD FSCP-MOI)Summary: The article focuses on the main points in defining the hypothesis of optimizing fire safety in Bulgaria through Internet technologies as a possible and adequate strategy for the successful development of fire safety and civil... The article focuses on the main points in defining the hypothesis of optimizing fire safety in Bulgaria through Internet technologies as a possible and adequate strategy for the successful development of fire safety and civil protection authorities. The topic represents a distinct view on organizational change – from conservative behaviour to e-governance.