Opportunities for Improvement and Implementation of Management Accounting in Public Cultural Institutions

Abstract

The role of management accounting in a public cultural institution is not itself to know the costof cultural services but especially to help the intention to act on it. Under a productionenvironment as a public cultural institution, where the services are heterogeneous and deliveryprocesses are complex, it is very difficult to determine the cost of each cultural service provided. Therefore it becomes essential to know not the cost of the service but more important its cost ofsupply. Extent that a public cultural institution achieves its objectives are reflected through aseveral financial indicators of which is determined largely based on data from managementaccounting.

Keywords

• management accounting
• cost accounting
• cost calculation methods
• public cultural institutions