Analysis of Financial Performance in Realizing Good University Governance (Study at Manado State University)

Freddy Semuel Kawatu,Ramon Arthur Ferry Tumiwa,Cecilia Lelly Kewo

doi:10.32535/ijafap.v3i3.945

Freddy Semuel Kawatu, Ramon Arthur Ferry Tumiwa + Show 1 more

Open Access

https://doi.org/10.32535/ijafap.v3i3.945

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Abstract

Financial management reform in university is an effort to realize good university governance in financial management. The research objective was to determine the financial performance of the Manado State University Institution, and how to reform financial management as an effort to achieve Good Governance. The research method used in this research is descriptive qualitative with the type of data qualitative data. The data source uses secondary data obtained from the Financial Statements of Manado State University for Fiscal Year 2017 - 2019. The data analysis technique used a qualitative approach with descriptive methods. This study proves that the good governance of the Manado State University has implemented financial management following Government Regulation Number 71 of 2010 and is of higher quality by taking into account the determinants of financial performance.

Highlights

Reforms in the field of financial management mandate a shift in the budgeting system from traditional to performance-based budgeting, so that the use of government and public funds becomes output-oriented
Finance is the lifeblood of higher education institutions, both public and private universities
This disruption of blood flow has disrupted some of the health of higher education institutions and at a certain level has resulted in some universities unable to carry out their duties and responsibilities to produce intelligent people who are competitive and develop knowledge to solve national problems and improve the welfare of society

Summary

Introduction

Reforms in the field of financial management mandate a shift in the budgeting system from traditional to performance-based budgeting, so that the use of government and public funds becomes output-oriented This change is very important because the need for funds is increasing but government resources are limited. Since 2006, after the end of the transition period of Law Number 17 of 2003 concerning State Finances, the financial management of state universities has experienced various problems that have disrupted the flow of blood in state universities Until now, this disruption of blood flow has disrupted some of the health of higher education institutions and at a certain level has resulted in some universities unable to carry out their duties and responsibilities to produce intelligent people who are competitive and develop knowledge to solve national problems and improve the welfare of society. Most of the chancellors have been confined by financial regulations, so that their creativity and motivation to build and develop the universities they lead are dying (Taifur, 2015)

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