FINANCE MANAGEMENT IN ARTS ORGANIZATIONS IN BULGARIA
Abstract
Arts organizations are a major factor in the Bulgarian economic. Good management of Art organizations is also associated with good financial management and control in order to achieve their goals and objectives. The delegated budgets, the small scale of most of the Arts organizations, are a prerequisite for saving money or imposing the appointment of a financial controller. The lack of such a specialist in turn leads to poor control, inefficient spending of funds, violations and failure to verify costs, which can sometimes lead to bankruptcy. The objective of the report is two-sided - on the one hand, preventing the repetition of mistakes perceived as unsuccessful practices and, on the other hand, emphasizing the place and role of controlling the financial execution of a project and its importance for optimizing the effectiveness of the implementation as well as in the overall activity of Art organizations.
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