Resource Accounting and Budgeting for Managing Personnel Costs and the Amount of Capital Expenditures in the UK Armed Forces
Resource Accounting and Budgeting for Managing Personnel Costs and the Amount of Capital Expenditures in the UK Armed Forces

Author(s): Miroslav Krč, Vladimír Golik
Subject(s): Economic policy, Military policy, Fiscal Politics / Budgeting, Accounting - Business Administration
Published by: Masarykova univerzita nakladatelství
Keywords: Resource accounting and budgeting; effective allocation; RAB; accrual accounting;
Summary/Abstract: The paper "Resource Accounting and Budgeting for Managing Personnel Costs and the Amount of Capital Expenditures in the UK Armed Forces" analyses the use of accrual accounting and the resulting consequences of the introduction of Resource Accounting and Budgeting in the UK Armed Forces. This paper examines statistically, whether growing costs of manpower causes that the amount of investment spending changes, or not. In the case of personnel expenses, this new approach to resource management using RAB system has led to improvement of utilization of the resources. The research is based on data for total staff numbers and unit personnel costs (in 2005 constant prices) that were spent on maintaining army manpower from 1980 to 2011.

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