The constant developments in the area of accounting information systems unlock a wide area for contributing to the existing theory in the field of accounting information systems. Particularly in the case of the Federation of Bosnia and Herzegovina, where the benefits that the use of AIS brings with it, are not yet well recognized. The purpose of this research is to analyze the overall situation in the FBiH regarding the use of AIS in companies and its impact on strategic decisionmaking. Data is collected through surveys that were distributed to the companies in FBIH. Multinomial logistic regression was used to analyze the data. Research findings indicate that the industry sector and satisfaction with AIS are found to be statistically significant predictors of the probability of decision-making based on AIS and that accounting information is indispensable in the process of strategic decision-making, especially when it comes to the company's growth, investments, and borrowing.

Abstract: One of the greatest challenges faced by auditors is to detect anomalies in financial statement reporting. Once the anomalies are detected they have to be further investigated by forensic accountants. However, the practice of forensic accounting has not yet become a reality in Bosnia and Herzegovina. So the main purpose of the study is to analyze to which degree BH companies are exposed to the financial statement fraud and with respect to that the need for forensic accountants. The financial statement data will be collected from BH companies and it will be analyzed using Beneish model. The Beneish model is the mathematical model that identifies the manipulation of earnings through financial ratios. These analytical techniques should reveal the unconventional variations in financial statement reporting, indicating that there is possibility of fraudulent transactions. Key words: Beneish model, fraudulent reporting, forensic accounting

In the market economy, the way in which company is managed and developed is extremly important, because every wrong or misleading decision comes at a high price. Therefore each decision that management brings should be based on precise, qualitative, timely and unambiguous information. In order to serve its purpose, after information are collected they are processed, classified and stored within the company. For effective and efficient information processing it is necessary to have an integrated set of components, called an information system. Undoubtedly, significant role in information processing for effective decision making, belongs to accounting information system. Therefore, the purpose of the study is to analyze the situation in Bosnia and Herzegovina related to the use and adoption of accounting information system and it's impact on decision making process. Questionnaire distributed to the business organizations and interviews with the managers, as a data collection method, will be used. Statistical and graphical methods will be used to demonstrate findings.

Globalization and integration are social phenomena that are used to describe the diffusion and connection of production, technology and communication throughout the world. When we talk about integration, one of the things that comes to our minds is international trade. There are certain benefits of this economic cooperation such as: support to economic development and promotion of human prosperity. But, also there are some disadventages: loss of jobs, lower wages, increase in trade deficits etc. The Western Balkan countries have been offered Stabilisation and Association Agreement by European Union. The Stabilisation and Association Agreement represents the structure of relations between the countries of Western Balkan and European Union for the implementation of Stabilisation and Association Process. Also, in 2006, Serbia, Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Kosovo and Moldova signed the Central European Free Trade Agreement. So the objective of this study is to investigate what impact the above mentioned free trade agreements and relations have upon the economies of West Balkan countries. The comparison will be done among the countries of West Balkan by analyzing macroeconmic factors (GDP growth, GDP per capita, GDP deflator, FDI, etc). Particular focus will be on Bosnia and Herzegovina and its standing in relation to European Union. Beside descriptive statistics we will use time series analyses to investigate whether the gains from free trade are higher than costs. The statistical data that will be analysed is taken form International Trade Center and World Trade Organization. Keywords: Free Trade Agreement, DEFTA, Economic Growth, International Trade

The Islamic banking and finance is the segment of global financial system that has the fastest growth rate. Today, the center of Islamic finance is in the London. UK has the longest experience is Islamic banking, despite the fact that Muslims are not the biggest population there. So what is the situation in Bosnia and Herzegovina regarding the use of Islamic banking and its products? The study attempts to analyze the relationship between religion and Islamic banking service adoption in Bosnia and Herzegovina, as well as the level of awareness of BH citizens of Islamic banking. Bosnia and Herzegovina is multiethnic country, in other words, people of different religious groups are represented there. So are the other religious teachings in accordance with the use of Islamic banking, what are their perceptions of it? The questionnaire is used to assess the opinions of BH citizens. It is distributed to the sample of 26 people, mainly to the students. The sample is selected randomly among the users and non-users of Islamic banking. After the data is gathered, it is analyzed in SPSS, using descriptive statistics (frequencies, Chi-Square test).The analysis results showed that the research included the members of other religious groups, it is not just focused on the majority of the population (Muslims), and the ratio of male and female respondents is almost the same. It is found that general knowledge of Islamic banking is low, especially among non-users. Findings showed that religion plays important role is selection process and cost benefit factor is also very important to the customers. More than half answered that they would switch to the participation bank if it offers better and more qualitative services. Findings also showed that respondents think that Bosnia and Herzegovina has suitable conditions for development of Islamic banking.

The last two decades have witnessed high-profile corporate accounting scandals and multi billion-dollar frauds. Since then, forensic accounting has been in focus and has played a prominent role in discovering financial statement frauds. This research aims to analyze the applicability of the Beneish M-Score model on small and medium enterprises (SMEs) in Federation of Bosnia and Herzegovina (FBiH). Based on a sample that includes 4,580 small and medium enterprises, data will be analyzed using audited financial statements in the period from 2008 to 2015. By using independent sample t-test, correlation, and regression, it has been concluded that Beneish model is indeed applicable on the market of FBiH and aids effectively in the detection of fraud in financial statements. The study describes the comparison of different industry sectors regarding the possible manipulators and serves as a solid foundation for further research in the area of forensic accounting.