The 2019 IAI Academic Conference Proceedings Rome, Italy __________________________________________________________________________ INTERNATIONAL ACADEMIC INSTITUTE IAI ACADEMIC CONFERENCE PROCEEDINGS Education and Social Sciences Conference Business and Economics Conference Rome, Italy 17 September 2019 1 The 2019 IAI Academic Conference Proceedings Rome, Italy __________________________________________________________________________ IAI Academic Conference Proceedings Editor: Hristina Rucheva Tasev, Dr. Sci, Ss. Cyril and Methodius University, Skopje, Republic of N. Macedonia Editorial Board: Jasna Bacovska Nedikj, Dr. Sci, Ss. Cyril and Methodius University, Skopje, Republic of N. Macedonia Milena Apostolovska-Stepanoska, Dr. Sci, Ss. Cyril and Methodius University, Skopje, Republic of N. Macedonia Meic Pearse, Dr. Sci, Houghton College NY, USA Elif Uckan Dagdemir, Dr. Sci, Anadoly University, Turkey Mary Mares-Awe, MA, Fulbright Association, Chicago, USA Ass. Prof. Arthur Pantelides, American University, Bulgaria Marija Boban, Dr. Sci, Faculty of Law, University of Split, Croatia Gergana Radoykova, Dr. Sci Sofia University St. Kliment Ohridski, Bulgaria Anthon Mark Jay Alguno Rivas, MA, Taguig City University, Philippines Snezana Knezevic, Dr. Sci Faculty of Organizational Sciences, Belgrade,Serbia Eva Pocher, Ph.D., University of Glasgow Ass. Prof. Mariam A. Abu Alim, Yarmouk University, Jordan Ass. Prof Aleksandra Mitrović, University in Kragujevac, Serbia Secretary and editing: Filip Stojkoski International Academic Institute Briselska 1/16 Skopje, Republic of N. Macedonia ISSN 2671-3179 2 The 2019 IAI Academic Conference Proceedings Rome, Italy __________________________________________________________________________ TABLE OF CONTENTS ACCOUNTING INFORMATION SYSTEM FOR MEASURING PERFORMANCE OF THE ORGANIZATIONS IN THE PUBLIC AND PRIVATE SECTOR Vesna Miladinovic Katarina Lazovic Margareta Mitić 7 BUSINESS MODELS FOR THE CIRCULAR ECONOMY – CASE OF ALBANIA Brunilda Kosta Fatmir Memaj 13 BUSINESS DECISIONS AND THE RELATIONSHIP WITH FAMILY BUSINESS PERFORMANCE Dragoljub Simonovic 21 ENGLISH LANGUAGE TEACHING IN CHINA: THE GAOKO ENGLISH EXAM REFORM Xiaoqian Di 30 THE EFFECT OF DISCUSSION PART OF PEER INSTRUCTION ON STUDENTS' RESPONSES Serkan Kaymak Аbdullah Аlmas Nuri Balta 36 TEACHING SACRED MUSIC IN THE PRIESTLY SEMINAR OF BISHOP Ján Vojtaššák IN Spišská KAPITULA IN Spišské PODHRADIE IN SLOVAKIA Amantius Akimjak 42 FOURTH INDUSTRIAL REVOLUTION AND GENERATED SYSTEM CHALLENGES Miodrag N. Simović Spasoje Tuševljak 45 HOW DO ECONOMIC OPENNESS AND R&D INVESTMENT AFFECT ECONOMIC GROWTH? PANEL DATA REGRESSION FOR 28 EU COUNTRIES Fatbardha Morina 52 RELATIONSHIP BETWEEN GOVERNANCE AND HUMAN DEVELOPMENT IN EUROPEAN COUNTRIES: PANEL REGRESSION ANALYSIS Eglantina Hysa Arjona Cela 59 THE USAGE OF “PEER-REVIEWING” STRATEGY FOR SECONDARY SCHOOL STUDENTS AS A MEANS OF ENHANCING WRITING SKILLS Kheiriya Delovarova 71 CAR PLANTS, CHEAP BEER, UNDERDOGS. PRELIMINARY CONTENT ANALYSIS OF THE IMAGE OF SLOVAKIA IN THE BRITISH PRESS IN 2010-2014 Lenka Môcová 79 CULTURAL AND RELIGIOUS INTEGRATION OF IRAQI REFUGEES IN SLOVAKIA 3 The 2019 IAI Academic Conference Proceedings Rome, Italy __________________________________________________________________________ Silvia Morávková Martina Mojtová 100 MUSEUMS AS A VEHICLE OF CULTURAL DIPLOMACY. AN INTERNATIONAL PERSPECTIVE Maria Kontochristou Antonia Tzanavara 109 COMPARISON OF TRANSITION FROM EARLY CHILDHOOD EDUCATION AND CARE TO PRIMARY SCHOOL BETWEEN CHINA AND OECD COUNTRIES IN LIGHT OF STARTING STRONG V Shujing Cui 120 INVESTIGATION PROCEEDINGS IN THE LEGISLATION OF BOSNIA AND HERZEGOVINA, DE LEGE LATA, DE LEGE FERENDA Senad Tabaković 130 AUDIT OF SUSTAINABILITY REPORTS Anita Reizinger Ducsai 135 BILATERAL DEVELOPMENT COOPERATION PROGRAMS BETWEEN THE REPUBLIV OF N. MACEDONIA AND SWEDEN: ALTRUISM OR HIDDEN AGENDA? Milena Apostolovska-Stepanoska Sofce Krstik M.A. 146 CONTENT ANALYSIS: WASTE MANAGEMENT STRATEGY IN THE REPUBLIC OF SERBIA FOR THE PERIOD 2010-2019 Vera Arezina Mirjana Sklabinski 159 CAPABILITIES, INNOVATION AND COMPETITIVE ADVANTAGE: AN EMPIRICAL EXAMINATION Anita Talaja 166 THE ROLE AND IMPORTANCE OF AN ACCOUNTING INFORMATION SYSTEM FOR BUSINESS DECISION MAKING IN A DIGITAL ENVIRONMENT Slavica Durić-Đakić Mihailović dr Đorđe Jelena Joksić 175 RUOLO DELLE LINGUE ALL’INTERNO DEL FENOMENO DELLA GLOBALIZZAZIONE Natalina Hoti 181 CASE STUDY: ANALYSIS OF ASSETS, FINANCIAL AND YIELD POSITION OF A SERBIAN ENTERPRISE IN THE SPORTS AND FASHION FIELD Snežana Knežević Marija Milojičić Veljko Dmitrović Bosiljka Srebro 189 4 The 2019 IAI Academic Conference Proceedings Rome, Italy __________________________________________________________________________ SCHOOL DROPOUT AMONG ROMA CHILDREN IN ROMANIA. EDUCATION AND CULTURE IN TRADITIONAL COMMUNITIES Delia Pop-Flanja Laura M. Herța 206 THE REASONS FOR THE OPPOSITION TO THE IMPLEMENTATION OF TECHNOLOGICAL INNOVATIONS IN SCHOOLS: THE CASE OF ARAB SCHOOLS IN ISRAEL Amneh Sayed Ahmad Kawther Younes Hamad 215 WHAT DOES “LEADERSHIP” MEAN FOR MILLENNIALS FROM THE BALKANS? FORMULATING ARCHETYPES BASED ON INTER-RELATIONAL BUSINESS, POLITICAL, AND GENERATIONAL CHARACTERISTICS (PHASE 1) Arthur Pantelides 225 CRITERI DI SELEZIONE DEGLI ESPATRI PER INCARICHI INTERNAZIONALI Tatjana Ivanovic Marijana Stancic 226 SELECTED ASPECTS OF THE CZECH SUBSIDY LAW Richard Bartes 227 BIRTH AND FERTILITY STATUS IN BOSNIA AND HERZEGOVINA BEFORE AND AFTER THE CIVIL WAR Rada Mandic 228 LAW AND OUR ANIMAL OTHER: BEAUTY OR BEAST? Flaminia Stârc-Meclejan 229 DEMAND FOR CREATIVE EVENTS IN SLOVAKIA Zuzana Palenčíková Ľudmila Mazúchová Zuzana Sándorová Gabriela Nedelová 230 PRINCIPLES OF CATHOLIC SOCIAL TEACHING OF COMMUNITY L´ARCHE Darina Obušeková 231 A LITERARY TEXT IN ENGLISH LANGUAGE CLASSROOM: IMAGINATION AND DIVERSITY IN TEACHING A DETECTIVE NOVEL FOR CHILDREN Diana Zidova 232 ON THE HORIZON OF INTERTWINING MORAL PHILOSOPHY AND CLASSICAL MUSIC Carmen Cozma 233 SOCIOECONOMIC STATUS AND SCHOOL SUCCESS AMONG SLOVENIAN YOUTH: A COMPARISON OF THE EFFECTS OF SES INDICATORS IN PRIMARY AND SECONDARY SCHOOL Maja Krajnc 234 CULTURAL UNIVORES, OMNIVORES OR NEITHER? A LATENT CLASS ANALYSIS OF 5 The 2019 IAI Academic Conference Proceedings Rome, Italy __________________________________________________________________________ SOCIODEMOGRAPHIC, ECONOMIC AND EDUCATIONAL DETERMINANTS OF CULTURAL PARTICIPATION PROFILES AMONG SLOVENIAN YOUTH Andrej Kirbiš Marina Tavčar Krajnc Monika Lamot Boris Vezjak Sara Tement 235 FISCAL POLICY EFFECTIVENESS IN THE EURO AREA: A VAR ANALYSIS Antonio Ribba 236 ECONOMIES OF SCALE IN HEALTHCARE - ESTABLISHING POLICY-RELEVANT AND EMPIRICALLY JUSTIFIED VOLUME THRESHOLDS ON THE EXAMPLE OF OBSTETRIC DEPARTMENTS IN POLAND Adam Michał Czerwiński 237 REFLECTIONS OF SUSTAINABLE DESIGN PRINCIPLES INTO HOSPITAL INTERIORS; INVESTIGATION OF BOULDER COMMUNITY FOOTHILLS HOSPITAL AND VKV AMERICAN HOSPITAL IN THE GREEN HOSPITAL CONTEXT Simay Özkan Begüm Gökdağ 238 BETTER THAN WE SHOULD? GENERAL REMARKS ON OVER-IMPLEMENTATION OF MDR RULES ON THE EXAMPLE OF POLAND Bartosz Kubista 252 THE FUTURE OF THE ACCOUNTING PROFESSION IN THE DIGITALIZATION ERA Lenche Papazovska 253 6 The 2019 IAI Academic Conference Proceedings Rome, Italy __________________________________________________________________________ ACCOUNTING INFORMATION SYSTEM FOR MEASURING PERFORMANCE OF THE ORGANIZATIONS IN THE PUBLIC AND PRIVATE SECTOR Vesna Miladinovic, PhD, Professor of Professional Studies, Belgrade Business Academy for Applied Studies in Belgrade, Belgrade, Serbia Doc. Katarina Lazovic, Slavica Đurić Dakić, PhD student Margareta Mitić, sales manager VipMobile, Belgrade, Serbia ___________________________________________________________________________ Abstract The aim of this research is to point out the differences between accounting information systems in the field of performance measurement of public and private sector organizations. The basis of the study is researching: relevant accounting regulations and domestic and foreign relevant professional literature. In addition, a comparative method was applied: a comparison of the development of accounting information systems for the public and private sectors was made and the specifics of performance measurement were pointed out. Keywords: organizations, accounting, information systems, performance, measurement Introduction The modern business environment affects all participants, both in the private and public sector. Managers need to keep in mind contemporary trends such as: a reorientation to the service economy, global competition and time-based competition. Time is the new strong competitive factor for doing business globally. In this context, it is pointed out that many organizations are developing resource planning systems to integrate departmental functions and data around the world, which help them effectively direct and control their activities and be flexible to changes. For all this, a strong information base is needed, and it is precisely the accounting information system that is available to organizations in the public and private sectors. Performances play an important role in tracking past achievements and providing the basis for planning and control decisions (Harris & Mongiello, 2001, p. 212). As Lovre & Jotić point out, when analyzing the efficiency in the public sector of transition countries, the choice of research methodology is essentially defined by the context of these countries' efforts to join the European Union. Modern accounting