o:5511 Financial management and control - A New Management Concept in the Context of the Serbian Public Sector FINANSIJSKO UPRAVLJANJE I KONTROLA – novi koncept upravljanja u kontekstu javnog sektora Srbije en Abstract: Bearing in mind the legislation that sets out the principles of sound financial management, a good understanding of the internal control mechanisms and how they work in practice is necessary. The established level of financial management and control among users of public funds is of unequal quality and has not sufficiently contributed to reducing weaknesses in internal control and raising management responsibility to the optimum level. In order to implement modern management concepts, public companies have to have large access to internal control mechanisms or „tools” to assist in management.Integrated management systems with their modern process approach in business organization and comprehensive and fast processing of information on business changes can significantly contribute to the quality of business control. Research on this issue is based on the fact that the introduction of control standards increases the orderliness and documentation of the system, which significantly contributes to the control of business processes. The aim of this paper is to show that the mutual interdependence of integrated management systems through the overall organization structure with the system of financial management and control, as their final outcome, ensure financial integrity and compliance with policies and procedures and promote effective management processes. Abstrakt: Imajući u vidu zakonodavnu regulativu kojom su propisani principi dobrog finansijskog upravljanja, neophodno je dobro razumevanje unutrašnjih kontrolnih mehanizama i načina na koji oni funkcionišu u praksi. Uspostavlјeni nivo finansijskog upravlјanja i kontrole kod korisnika javnih sredstava je neujednačenog kvaliteta i nije dovolјno doprineo umanjenju slabosti interne kontrole i podizanju upravlјačke odgovornosti do optimalnog nivoa. Savremeni koncepti upravljanja zahtevaju od javnih preduzeća veliki spektar internih kontrolnih mehanizama odnosno „alata“za pomoć pri upravljanju.Integrisani menadžment sistemi svojim savremenim procesnim pristupom u organizaciji poslovanja i sveobuhvatnom i brzom obradom informacija o poslovnim promenama, u značajnoj meri mogu doprineti kvalitetu kontrole poslovanja. Istraživanje ove problematike bazirano je na činjenici da se uvođenjem standarda kontrole povećava uređenost i dokumentovanost sistema, što značajno doprinosi kontroli poslovnih procesa. Cilj rada je da ukaže da međusobno sadejstvo integrisanih menadžment sistema kroz celokupnu strukturu organizacije i sistem finansijskog upravljanja i kontrole kao svoj konačan ishod obezbeđuju finansijski integritet i saglasnost sa politikama i procedurama i promovišu efikasne procese upravljanja. Keywords: financial management and control, integrated management systems, risk management, control standards Ključne reči: finansijsko upravljanje i kontrola, integrisani menadžment sistemi, upravljanje rizicima, standardi kontrole 1552099 10.5937/MegRev2003047M 2024-10-01T08:38:00.399Z 44 yes 46 Snežana Maksimović Arben Lunjić person Danijela Parojcic Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu person 0000-0002-0923-2620 2020 application/pdf 178351 https://unilib.phaidrabg.rs/o:5511 no yes 16 70 1552253 2020-11-04 Megatrend Review 17 3 47 64 2020