Ivan Milojević

Modelling of accounting information system for military medical institutions

he complexity of the accounting system as the subsystem of management information system requires the continuous arrival of different types of data in different intervals which leads to an increase in complexity during its processing and presentation to management. Promoting the work and operations of military medical institutions requires the use of just such modern accounting information systems. Methods – Queuing system is used in this paper as the basis for positioning of information which needs to be processed within the accounting process, by adhering to certain limitations which are imposed by the specificity of the military medical system which is established. Conclusion – Basis of this information system is comprised of three subsystems, which are financial accounting, managerial accounting and cost accounting. Conditioning processing of data in the accounting process, adhering to accounting principles, primarily the principle of realization, it is very significant that this system supports information which is objectified in the form of accounting documents, so it can be processed and given to its users u military medical institutions.

Analysis of investment factors which are influencing the growth of the Republic of Serbia

The subject of this research is empirical analysis of the factors which have influence on economic growth, whereas the main aim is to suggest adequate ways to overcome problems. We have analyzed the influence of budget deficit, personal consumption, inflation, real exchange rate, foreign trade balance and foreign direct investments (FDI) on economic growth. Furthermore, we measured the influence factors on the presence and movement of the budget deficit. Research paper uses the data obtained from the Statistical Office of the Republic of Serbia, World Bank and the IMF for the time period 2001-2011 and has been applied regression analysis method. Research results indicate that the real exchange rate, personal consumption and foreign trade balance are statistically significant for anticipating economic growth developments. Contrary to our expectations, the empirical analysis showed that FDI have a negative influence on the economic growth. The coefficient “public debt” is statistically significant and has a positive influence on the increase of budget deficit, whereas the increase of SDI and trade openness triggers a decrease in budget deficit. This research starts from the hypothesis that financing deficit limits economic growth and the inflow of FDI can’t provide long-term economic growth. In the coming period Serbia needs to take advantage of the available resources and managing public finances, obeying laws and regulations and continuing with reforms are fundamental for achieving a stable business environment.

MACROECONOMIC INDICATORS, TRADE AND COMPETITIVENESS COUNTRIES IN THE DANUBE REGION

This paper observes macroeconomic performance of the Danube region countries, with a special focus on Serbia, as well as the increase of GDP, inflation, unemployment, public debt share, external debt, foreign direct investment (FDI), current- account deficit and shares of export and import in GDP. The Danube region countries have different characteristics of economic development and different degrees of competitiveness in the international market. The subject of this research is the analysis of macroeconomic performance and influence of foreign trade on the economic development of the Danube region countries, paying special attention to Serbia, with the aim to improve its position in the international market. This study points to the presence of a high degree of correlation between economic development, level of GDP and foreign trade. The conducted research proved that there is significant interdependence among the mentioned parameters, supporting our thesis that the increase of export positively affects the level of GDP.