Developments in accounting and treasury functions in public educational institutions in the Municipality of Medellín, Colombia, since 1976. (May 2020)

• Record Type: Journal Article
• Authors: Quintero, Dora P.
• Other Names: Maran Laura guest-editor.; West Brian P guest-editor.
• Is Part Of: Accounting history. Volume 25:Number 2(2020)
• Page Start: 219
• Page End: 236
• Publication Date: 2020-05
• Subjects: accounting in public entities -- accounting in state educational institutions -- Colombia -- education services funds -- educational institutions -- Medellín; Accounting -- History -- Periodicals; 657.0905
• DOI: 10.1177/1032373220911113
• Languages: English
• ISSNs: 1032-3732

Abstract

This article examines the official educational institutions in the Municipality of Medellín, focusing on their accounting and budget management and observing their normative development from 1976 to June 2018. The importance of this study lies in clarifying the role that accounting plays in improving the administration of public resources because accounting is adaptable to the educational context. This study concludes that the accounting system in educational establishments has significantly improved as regards administrative and accounting autonomy, thereby impacting the quality and performance of educational services. In summary, a link between accounting and education becomes evident in this historical review. Therefore, the role of state control and monitoring agencies is crucial.