The project in five facts.
Challenge, approach and results.
This diploma thesis addresses a key area of financial operations in public institutions in the field of education and training – the implementation of accounting regulations. Based on the analysis, certain shortcomings were identified and consequently recommendations for improvements to the regulations were provided. In addition to analysing the challenges, the diploma thesis also explores the impact of accounting regulations on the financial operations of public institutions.
Solution and Method
This diploma thesis addresses a key area of financial operations in public institutions in the field of education and training – the implementation of accounting regulations. Accounting regulations represent the foundation for lawful, efficient and transparent management of public funds allocated to public institutions in education and training. However, in practice, challenges frequently arise that hinder their successful implementation.
Therefore, the diploma thesis analyses in detail individual challenges, such as ambiguities and shortcomings in the regulations themselves, lack of adequately trained accounting staff, as well as inadequate internal controls and difficulties in aligning the provisions of the regulations with frequently changing legislation and regulations. For this purpose, an analysis of three accounting regulations from different public institutions in education and training (primary school, secondary school and higher education institution) was conducted.
Results
Based on the analysis, certain shortcomings were identified and consequently recommendations for improvements to the regulations were provided. In addition to analysing the challenges, the diploma thesis also explores the impact of accounting regulations on the financial operations of public institutions. It was established that well-prepared and implemented regulations contribute significantly to lawful and transparent operations, efficient and economical use of public funds and greater public trust.
Quality accounting information, which accounting provides based on the regulations, is important for making strategic and operational decisions by management, enables measurement and comparison of performance and ensures responsible planning of the institution's financial operations. In the final chapter, the diploma thesis focuses on the potential of artificial intelligence (AI) in improving accounting processes in public institutions. AI can significantly automate routine tasks, thereby reducing errors, improving data accuracy and providing better internal control for decision-making, and enabling continuous updating and alignment of regulations with changes in legislation.
The diploma thesis proposes concrete suggestions for improving the implementation of accounting regulations, including improving the clarity and comprehensibility of the regulations, regular education and training of employees, use of modern accounting tools and gradual introduction of artificial intelligence whilst integrating the provisions of the regulations into the information system.
Module, programme and stories.
Your diploma project for a real company.
A diploma thesis at Academia solves a challenge from a company – often the one where you do your 800 hours of placement. Read about the Računovodstvo module or book a consultation.