Development of a management accounting system: The case of the University of Algarve.

Abstract

Management accounting is playing an increasingly important role in the management of public institutions, given the current economic context and the constant concern for the efficient use of public funds. This article presents a case study of the development of a management accounting system at the University of Algarve. It contributes to a better understanding of the inherent complexity of implementing a costing system in higher education institutions and presents a solution for determining the cost associated with various cost objects (cost per student, per curricular unit, research project, per service provision). This information is crucial for strategic planning, management control, and decision-making within the institution.