Accountability of University: Transition of Public Higher Education

Objective: The main goal of the article is to discuss and elaborate on the basics foundations of the concept of accountability in terms of public universities management. Research Design & Methods: The article is of descriptive character, based on literature review and its constructive critics. Findings: The article presents the concept of entrepreneurial university to relate this idea to develop the accountability practices in higher education. Subsequently, the limitations of trends related to the development of the entrepreneurial university and accountability are discussed. Implications & Recommendations: Higher education is increasingly becoming a business operation, in which competition plays a key role. Accountability at universities is established to implement a specific accounting and reporting system, which is a prerequisite for the existence of this accountability and responsibility. Accounting of higher education systems is a consequence of the marketization of universities. Contribution & Value Added: The article assembles the scientific developments in four main fields, namely (i) entrepreneurial university, (ii) university accountability, (iii) accounting and autonomy of universities, (iv) measures of university performance.