Financial sustainability management non-profit organizations

Abstract

Non-profit organizations are one of the most important segments today, because their actions encourage the growth and development of society. These organizations are characterized by a complex management system with little possibility of applying exclusively economic criteria when defining goals, as well as measuring results, with the presence of a political factor, which conditions poor results in the economy of the non-profit public sector. The application of the so-called of new public management and an integrated management support system are the basis for improving the business success of nonprofit organizations and strengthening the trust of the social community. The aim of this article is to point out the importance of managerial accounting and audit in the management support system, especially that the audit confirms the basis on which managerial accounting relies as the carrier of the management support system. It is, namely, the affirmation of the model of integrated management support in order to improve the quality of public supervision and the overall operation of non-profit public organizations.

Application of the threshold value in the credit multiplier evaluation

“…Credit as a relationship between the applicant and the provider (Stankov & Roganović, 2022) most often appears in bilateral relations, although today, it can be found as a multilateral relationship. The relationship between the provider and the applicant cannot be violated (Milanović, 2023). In this regard, the threshold value contains the solution in the part that refers to the degree of profit increase due to the selection of a certain portfolio.…”