Financial Reporting System as an Important Segment of Financial Management within the Decentralized Implementation System (DIS)

Financial funds disbursement, regardless of the European Union (EU) funds, funds in form of donation assistance, funds of a beneficiary country committed to co - financing, etc., requires precise and efficient financial management. Financial management is a very important factor of the financial reporting system. A reliable financial reporting represents a basis of a sound financial system, at the same time representing a basis for the adoption of qualitative decisions for the use of the financial funds....