International Journal of Economics and Law
Volume 10 | No. 28
DETERMINANTS OF SUCCESSFUL BUSINESS STUDENT MENTORING IN HIGHER EDUCATION: FUNDAMENTAL OR A FAD?
This chapter presents an important area of research in higher education (HE). Students are changing, the internal and external environment of HE is changing. That is why the approaches that teachers develop to new generations of students are all the more important as newer and more correct ways of working with them. We are far from the passive mode of study, and the active methods of study are complemented by new ones. The purpose of the chapter is to present mentoring programs through the prism of the definition of knowledge creation as work creative academic space and the development of applied approaches that work as a combination of teacher knowledge, clear motivation and integration of information from different, but comprehensive images of HE towards the creative development of thinking of new generations of students.
ENERGETIC EFFICIENCY AS ONE OF THE EUROPEAN UNION’S ENERGY POLICY OBJECTIVES
The goals of the European Union’s energy policy are the development of the internal energy market, achieving security of energy supply and sustainable development, promotion of efficient energy use, use of renewable energy sources, development of trans-European networks and directing relations with third countries. Given that life today cannot be imagined without the use of energy, the questions that are asked are the following: 1) whether by increasing energy efficiency, or using energy in a way to achieve the highest possible energy consumption with the lowest possible energy consumption and thus reduce the negative effect energy cycle can have the same effect? 2) Is it possible to achieve an adequate level of energy supply by using renewable energy sources, ie natural potential? All this starting from the fact that ¾ of all reserves of fossil fuels must never be used up (which means that they have almost no value), that the energy crisis is an increasingly present problem in the whole world, and that fossil fuels are characterized by one key feature, ie they are non-renewable. It is considered that an energy source is renewable if it can reappear in nature during the duration of an average human life, which is not the case with e.g. coal that can be renewed in nature after a million or even a billion years and therefore we say that fossil fuels have the property of non-renewability.
RELIABILITY OF FINANCIAL STATEMENTS OF OTHER PUBLIC FUND USERS IN SERBIA
The paper analyzes the reliability of financial reporting in one part of the public sector in Serbia, which consists of other users of public funds, included in the consolidated treasury account. It is a special group of various institutions, which are neither budget users nor public companies. It also includes sectoral, non-profit, regulatory bodies and agencies, which manage a large part of public funds. Due to insufficient harmonization of sectoral regulations with changes in financial regulations for the public sector, the reliability of their financial reporting is questioned, especially in the case of the ordered rapid change in the chart of accounts. In parallel with this issue, the reform of public financial management is underway, which is based on a gradual transition from cash to the accounting basis of all users of public funds and accounting standards for the public sector. These two processes currently run independently of each other, although they should be unique. The change of the chart of accounts must not be reduced only to the technical transfer of positions in the business books of users, because it has a deeper meaning and consequences. The paper, on the example of one of the regulatory agencies, tests the hypothesis that rapid changes in the chart of accounts due to the transition from cash to the accrual basis do not increase, but undermine the reliability of financial statements. At the same time, the circumstances under which this can be avoided and the reform implemented in a more efficient manner are.
SUSTAINABLE DEVELOPMENT INDICATORS AND MANAGEMENT OF NATURAL RESOURCES OF THE CITY OF NIS
Natural resource management as a narrow scientific field investigates and studies the technical and economic distinctions of industries engaged in the exploitation and processing of raw materials from natural resources and studies the overall economy in the context of sustainable development. This provides it wider significance than its name and classifies it in a multidisciplinary field of technological importance for further industrial and social and economic development of each region individually and the country as a whole. A prominent place was given to the management of natural resources in Nis and its surroundings, that is, the Nis Administrative District.
THE INFLUENCE OF AIR TRAFFIC ON CLIMATE CHANGE
Growth in the aviation sector has brought great benefits, but also an increased impact on the environment. Air transport has a significant impact on climate change, even to the extent that global climate change dictates the limitations of its development and the areas in which aviation needs to adapt its land and flight operations. The main pollutants emitted by aircraft are carbon dioxide (CO2), nitrogen oxides (NOx), sulfur oxides (SOx), non-flammable hydrocarbons (HC), carbon monoxide (CO), particulate matter (PM) and soot. Some of the key ways to mitigate the environmental impact of aviation are the development of new aircraft technologies and the inclusion of advanced design, the development of alternative fuels for use in aviation, the collection of airport taxes related to environmental protection, which encourages airlines to use quieter aircraft with lower emissions. The introduction of operational measures, in the form of changes in operating procedures, have proven to be very effective in reducing emissions. In addition to minimizing the amount of fuel for service and performance of each flight, in addition to the environmental benefits, they also reduce fuel costs. These changes do not require the introduction of new equipment and expensive technologies, but are based on different ways of operating aircrafts that are already in use.
THE CASE STUDY METHOD IN ENTREPRENEURIAL EDUCATION AND THE FURTHER DEVELOPMENT OF FINANCIAL INSIGHTS ARISING OUT OF IT
The usual definition of learning is self-consistent, but it frequently involves an assumption that cannot be tested experimentally, viz., that the most complete possible learning outcome is in terms of a particular learning theory that determines only probable results of actual learning and teaching processes. The only way of exploring the truth of this assumption is by trying to find some other interpretation of entrepreneurial education in terms of at present “multiple” situational methods, which in principle determine the actual approaches toward learning, which are in practice averaged over as instructional methods rather than theories. In this paper, an alternative interpretation of the case study method in terms of just such entrepreneurial education is suggested. It is shown how students of entrepreneurship can effectively observe, analyze, record, implement, conclude, summarize, or recommend approaches and solutions for business problems. Indeed, the suggested approach of the author provides a broader conceptual framework than the usual learning theories, because it makes possible a precise and continuous description of all major business processes, even at the start up level of the firm. We show that it is not necessary for us to abandon precise, rational, and objective description of individual learning theories. Furthermore, we find that in principle, the case study method works best in combination with ‘ex cathedra’ lectures. After a brief historical review of the case study method we give a simple illustration of hypothetical cases that are consistent with our approach toward planning entrepreneurial finance.
STRUGGLE AGAINST TERRORIST FINANCING WITH SPECIAL REFERENCE TO THE REPUBLIC OF SERBIA
Terrorist financing is a global phenomenon that is realized in three phases: fundraising, transfer of funds raised and use of funds. Terrorism can be financed with money, goods, exploitation of natural resources, as well as services. In this regard, the complexity of detecting and preventing the movement of funds intended for terrorist financing is not only reflected in relation to funds originating from criminal activities and legal funds that are transferred illegally, but also to all funds that are transferred legally. Given that terrorist financing is adapted to current social and financial flows, it is especially important to recognize innovations in this area such as cryptocurrencies, as well as all other technologies that enable anonymity and speed of flow free of charge, and whose advantages have been recognized by terrorist organizations. Regarding the prevention and fight against the financing of terrorism, the Republic of Serbia has harmonized with important international documents, as their foreign contracting party. In addition to the above, the prevention of terrorist financing in the Republic of Serbia has been addressed from several aspects in a number of strategic documents, the last of which is the Strategy for Combating Money Laundering and Terrorist Financing for the period 2020-2024 adopted by the Government of Serbia on 13 February 2020 as well as legal regulations such as the Law on Restricting the Disposal of Property in order to prevent terrorism and the proliferation of weapons of mass destruction, etc. It should be noted that the Republic of Serbia is one of the few countries in the world with established good practice in the fight against financing terrorism, in which several persons were convicted for committing the offense of financing terrorism. The aim of this paper is to point out the phases of terrorist financing, the use of modern financial flows and means in terrorist financing, and examples of good practice in detecting and proving this crime in the Republic of Serbia..