Aspects Of Financial Management Research Articles

Legal and Financial Aspects of Housing Resources Management by Local Governments

<p>The article attempts to indicate the operational principles of local government units in connection with a public task related to housing resources. The assumption of the analysis was to narrow down the issues to only two aspects: legal and financial. First, issues related to the legal grounds of the so-called housing management at the local government level were discussed, and then, the methods of financing tasks in this field by local government units. It should be emphasized that, despite an attempt to refer to local government units operating at various levels, a special place for the discussion was given to the municipality, for which the legislator has reserved the greatest number of housing management tasks. In connection with the functioning of this local government level, the principles of financing the housing management were discussed, taking into account organizational and legal forms and their relationship with municipal budget funds as well as the possibilities of obtaining extra-budgetary funds.</p>

Analisis Kinerja Keuangan Unit Pengelola Kegiatan (UPK) Simpan Pinjam Perempuan (SPP) Kecamatan Siulak Kabupaten Kerinci

This study aims to assess and analyze the financial performance of the women's savings and loan activity management unit (UPK-SPP), Siulak District, Kerinci Regency. The assessment of financial performance consists of two aspects, namely financial and loan management. This study uses secondary data derived from the financial statements of UPK SPP, Siulak District, Kerinci Regency, in the form of UPK income statements and other related reports from 2014 to 2018. The data were analyzed using the financial ratio analysis approach. The results showed that the financial performance of UPK SPP, Siulak District, Kerinci Regency, seen from the aspect of financial management from 2014 to 2018 ranging from 17.77% to 21.15% was included in the category of poor performance, while the financial performance of UPK SPP Siulak District, Kerinci Regency seen from the aspect of loan management from 2014 to 2018 ranged from interval 1.92%-2.52% is in the category of poor performance.. The results of the UPK SPP financial health assessment in Siulak District, Kerinci Regency from 2014 to 2018 were 61.66, including the adequate category.

Financial Management of Family Institutions in Iqbal Membina Jaya Children's Novel

This study was conducted to examine the elements of financial management found in novel Iqbal Membina Jaya written by Radzemah Bolhassan. Financial management is an important factor in a family institution. This is because financial management can impact everyday activities and lifestyles. Therefore, this financial management should be understood by each family member including children so that they are aware of the financial situation that his family has. In the context of literary works, the implementation of this financial management knowledge should be implemented so that readers especially children will be educated and knowing what steps need to be done to control the financial situation of the family. Thus, the novel Iqbal Membina Jaya will be analysed using the approach nodded by Deacon and Firebaugh on financial management involving aspects of Input, Throughput, and the third one, Output. While each of these aspects will be detailed with several sub-topics, namely the input aspect containing aspirations and goals, economic risk (events), movements (trends), and income patterns. The throughput aspect involves planning and implementation as well as output aspects encompassing the achievement of expected goals and effective use of resources. In this regard, the Iqbal Membina Jaya indeed has aspects of financial management within the family and can provide knowledge to readers to be wise in managing the family economy.

Organisational and professional hierarchies in a data management system: public–private collaborative building of public healthcare and social services in Finland

ABSTRACT Nordic countries are considered international leaders in producing combinable data on their citizens’ encounters with public institutions, as well as the digitalisation of public services. Public-sector professionals increasingly collaborate with private IT companies in developing data analytics products for cost saving and cost-efficiency. This article presents the results of a two-year ethnographic study of a collaboration between the Knowledge Team of a public-sector organisation and a private-sector IT company for developing and maintaining a data management system in one Finnish regional healthcare and social service organisation. The data management system is defined as a data analytics product that provides management with information about clinical and financial aspects of organisation management. We combine perspectives of science and technology studies and the sociology of professions to situate our research on the data management system as a boundary object within the broader context of professional work. Via our theoretical framework, we examine the negotiation process through which the data management system becomes a boundary object in practice. This process includes not only the accommodation of diverse epistemic cultures but also organisational and professional hierarchies that empower some experts to shape the data management system towards their visions and interests. This article applies the ‘boundary object’ concept to elucidate structural power differentials in public–private partnerships and multi-professional collaborations.

Pengaruh Aspek Manajemen Keuangan Daerah Terhadap Transparansi Pengelolaan Keuangan Daerah di Lumajang

This study aims to verify the impact of aspects of regional financial management on the transparency of regional financial management in Lumajang. Primary data assortment was administered by distributing questionnaires. The collected data were then analyzed using linear regression. The study results explain that partially the aspects of regional financial planning, regional financial administration, reporting aspects, and regional financial supervision affect the transparency of regional financial management in Lumajang. Simultaneously the aspects of regional financial planning, aspects of regional financial administration, reporting aspects and aspects of regional financial supervision of the regions affect the transparency of regional financial management in Lumajang.

The Effectiveness of Financial Management Strategies in Public Primary Schools in the South Africa

This paper reports a sequential mixed methods study on the effectiveness of financial management strategies in achieving organisational success and stability in public primary schools in Dwarsloop Circuit, Mpumalanga Province, South Africa. The study involved six schools and a sample of 78 participants, comprising 72 School Governing Body (SGB) members and six primary school managers. The study shows that the South African Schools Act, 1996 and the Public Finance Management Act, 1999, are key legislation used to govern and administer the finances of public schools in South Africa. It was ascertained that SGB members with a background in teaching, had a better understanding of the South African Schools Act, compared to SGB members who were parents without teaching experience. The research further shows that most schools in the Dwarsloop Circuit do not use strict internal controls nor is there clear and consistent segregation of duties as key aspects of financial management. It is recommended that all SGB members undergo mandatory training required to execute their duties effectively. The Department of Education in conjunction with the relevant agencies, should ensure an annual financial audit is conducted of all schools in the Dwarsloop Circuit of Mpumalanga Province.

Features of financing the production of intellectual product of transnational corporations

The purpose of the article is to study the features of financing the production of intellectual products of multinational corporations in the context of globalization. Research methodology – system-structural and comparative research (to understand the logic of financing the production of intellectual products of multinational corporations), statistical and economic analysis (in assessing the status and prospects of the role of transnational corporations). The scientific novelty is to substantiate the peculiarities of financial management in multinational companies and to determine the main aspects of international financial management, which will increase the production of intellectual products of multinational corporations and the development of international economic relations. The article identifies the distinctive features of modern multinational companies and technologically sound strategies that contribute to their economic success. The main ways to obtain long- term investments and the peculiarities of the formation of strategic alliances and their agreements are clarified. Various forms of international cooperation are considered. Conclusions. According to the results of the study, it was concluded that the role of transnational corporations is growing, which is determined by their participation in world gross domestic product, increasing the share of international movement of capital, labor and other resources. Their importance in the world economy is evidenced by the scale of foreign operations in all sectors and areas of social production. The main obstacles to the financing of multinational corporations are the disagreement of the interests of companies and governments of the host countries, taking into account economic, political, monetary, financial and legal risks. Ukraine is able to use the model of open innovation networks as a key to entering the global innovation economy in line with current trends. Keywords: transnational corporations, transnationalization, investments, innovations, research and development, research and development works.

Financial resources management for education

O artigo analisa aspectos da gestão de recursos financeiros da educação em cinco municípios do Ceará - Canindé, Fortaleza, Limoeiro do Norte, Maracanaú e Sobral - por meio de um estudo de casos múltiplos e entrevistas semiestruturadas com secretários municipais de educação. Os resultados mostram que quatro municípios utilizam mais de 75% do valor do Fundeb para remuneração dos profissionais de educação, e Sobral aplica 60,13%. Todos recebem as transferências legais, definidas em legislação federal e executadas pelo FNDE, três possuem programas de transferência de recursos para as escolas de sua rede e os cinco afirmam que os recursos não são suficientes para prover suas demandas.

Increased Productivity of Oyster Mushroom Chips Through Business Management, Finance, and Handling Post-Harvest Management

The community subjection activities is a partnership program between the Community Partnership Program (PKM) with Dolok Masihul (Domas) Farmer Group partners. The problems are (1) Production aspects include a) Oyster mushroom chips are oily and less crunchy and do not last long; b) Plastics and labels used are still inadequate and straightforward because they are not accompanied by product information as well as packaging for oyster mushroom chips which is even done manually. (2) Aspects of Business and Financial Management, among others: a) Marketing is still carried out conventionally. b) Business management is always simple, carried out in a family manner, and there is no product legality. c) There is no separation between household finances and business finances. d) There are no records or business bookkeeping so that it is difficult to calculate the profits it gets. This community service aims to increase the knowledge, skills, and income of the Domas Farmer Group and the surrounding community through training in production, finance, and marketing. Community service activities are carried out using method 1). Transfer of knowledge, such as lectures and discussions, 2). Training, and 3). Bookkeeping assistance for the Oyster Mushroom Chips business. The results to improve the skills and knowledge of the Domas farmer group include making Oyster Mushroom chips using Deep Fryers and Spinners, knowing the use of social Media for marketing, and being able to make a financial report—publishing the Compilation Guide Book.

ЗЕМЛЕУСТРОИТЕЛЬНЫЕ РАБОТЫ В КАБАРДИНО-БАЛКАРСКОЙ АВТОНОМНОЙ ОБЛАСТИ В 1922–1928-е гг.: ПОДГОТОВКА, РЕАЛИЗАЦИЯ, ВЗАИМОДЕЙСТВИЕ ОРГАНОВ ВЛАСТИ

The article examines the peculiarities of conducting land management work in the Kabardino-Balkarian Autonomous Region in 1922–1928. The reasons are considered and the stages of their implementation are distinguished, the features of their preparation and implementation in the Nalсhiс, Baksan, Urvan and Malokabardinsky districts of the KBAR are determined. Migration, stratification and financial aspects of land management were studied. Particular attention is paid to the activities of the Land Administration of the KBAR – the executive body responsible for the preparation and implementation of land management work in the region. The activity of rural executive committees to carry out land management work in the territory under their jurisdiction was analyzed. The amount of financing required for land management in KBAR has been determined. The peculiarities of cooperation between regional and central government bodies on this issue were revealed. The position of the Soviet government on the provision of a loan to the KBAR for these events is described. The number of people who moved to new places as part of land management work has been established. The names of the settlements formed in the KBAR after resettlement are given. It is concluded that one of the main goals of land management in the KBAR in the 1922–1928 century was a uniform distribution of the population on the flat and foothill parts of the region, rational use of the land fund and opposition to social stratification in the peasant environment.

Наукові погляди стосовно структури елементів системи управління фінансовою безпекою галузей економіки

It has been clarified that the process of ensuring the financial security of the economy is closely correlated with the establishment of an appropriate management system in this area. The article is aimed at substantiating scientific views on the structure of the elements in the financial security management system in economic sectors. To achieve this goal, it is ascertained that the financial security management system of an economy provides for grounding links and means of interaction with both senior systems (financial security of regions and the state, economic security, national security), and lower systems (financial security of enterprises). It is proved that structural aspects of financial security management in an industry relate to constructing an internal system of elements and organizing their interaction in order to form the unique properties and capacity of the system by management areas. A set of structural elements of the financial security management system in an economic sector is determined, which can be divided into several groups, namely: formation of an institutional and management structure; identification of strategic and tactical guidelines; introduction of a system of economic incentives and support; provision of information and analytical monitoring and control tools; and use of regulatory tools. It is proved that the effectiveness of the financial security management system in an industry is largely determined by the quality of the organizational management structure, rational choice of strategic and tactical guidelines, effectiveness of economic incentives and support, coordination of information and analytical monitoring and control, ability to use broad regulatory tools.

СТРАХУВАННЯ ЖИТТЯ ЯК ЗАСІБ УПРАВЛІННЯ ОСОБИСТИМИ ФІНАНСАМИ В УМОВАХ ПАНДЕМІЇ

The article considers the importance of implementing life insurance programmes both to meet the social needs of policyholders and for the economic development of the country. The main trends and issues of the balance of money incomes and expenditures of the population are singled out. The main problematic aspects of personal financial management are highlighted. The importance of the in-depth study of the peculiarities of the formation of the life insurance market as a means of managing personal finances in a pandemic is substantiated. The economic content of life insurance and the peculiarities of this type of insurance in the conditions of the pandemic are highlighted. There are studied the main definitions of the concept of “life insurance”, in particular as a type of personal insurance, as a sub-branch of insurance, in Ukrainian legislation and the works of leading Ukrainian and foreign scientists. The conclusion on the essence of the concept of “life insurance” is made. The emphasis is placed on the special relevance of the pandemic impact on the insurance market. The article proposes to identify the main and additional life risks. There is justified the importance of mixed life insurance in connection with the gradual deterioration of the demographic situation, the reduction of the working population and the increase in the number of retirees. The main problems and factors hindering the development of this area of insurance are analysed. The state of the life insurance market of economically developed countries of the world is determined. The analysis of the European countries revealed the main factors that affect the size of insurance premiums. The influence of population dynamics and structure, level of financial literacy, level of trust in public bodies and private insurance companies, level of social protection, personal financial consulting and other factors on the formation of the life insurance market is also analysed. It is determined that more detailed insurance services by categories of clients are needed to ensure their specialization according to the needs of each market segment. For the full functioning of life insurance in Ukraine, the necessary measures are proposed, the implementation of which, on the one hand, will give impetus to the development of both the stock market and the economy and on the other hand, increase the social security of citizens.

Role of Corporate Finance Law in Corporations

This paper has focused on the role of corporate finance law in corporations. Corporations, in Pakistan has been governed by the Companies Act, 2017, aims to maximize the profit by minimizing the risk, possesses a separate legal personality having rights and duties towards the outside world. As the word corpus means body; Companies enjoys separate legal personality from its shareholder, members and directors. British East India Company was the first business corporation that have earned profit for its members. A company is formed by due process of law and not otherwise. Company if is created by limited number of shareholders i.e. two to fifty it is a private company and in other case it is a public company. A public company formulated by due process of law possesses separate corporate personality, the liability of its members is limited and also has many other distinct characteristics. Corporate Finance Law is legal aspect of financial management of a public corporation and focuses to manage the finance of a company in legal ways. It governs the decision making process in the company and provide a six step process of financial decision making, it helps to reduce agency cost and transaction cost by tackling agency relations between different limbs of the company i.e. shareholders, managers and third party. By all these means it objects to achieve the basic aim of a company i.e. to earn profit and minimize the risk.

PEMBERDAYAAN UKM MAKANAN OLAHAN CARICA DI WONOSOBO, JAWA TENGAH

The community service program is carried out at one of the SMEs in Wonosobo, Central Java, which produces and markets processed carica food products. The problems faced by SMEs are problems in the aspects of marketing, financial management and production. The purpose of community service is to improve the ability of SMEs to market products, manage company finances, increase the efficiency of the production process, and increase production capacity. The approach used in this community service is training and business assistance. The results felt by SMEs are the wider marketing of carica processed food products, structuring the company's financial system, efficiency in the production process, and increased production capacity.

Menumbuhkan Motivasi Usaha Tawes Crispy pada Rumah Tangga Nelayan melalui Pelatihan dan Pendampingan Kelompok

Tawes (Barbonymus gonionotus) is top local potential in Wonogiri District, especially in Watupecah Hamlet, Gedong Village, Ngadirojo Subdistrict. The low marketability and storability of tawes requires innovation in fish processing of tawes into tawes crispy chips (taspy) to increase the marketability of tawes which then be a business oppurtunity for fishermen households to increase their income. However, inovation itself is not enough to increase fishermen household income, it requires effort to build business motivation in fishermen households to take business opportunity. This community service program aimed to know the success of training and group mentoring as an effort to foster business motivation of fishermen households. The program was carried out using intensive training and group mentoring methods for 33 fishermen households in Watupecah Hamlet covering the development of business motivation, time and behavior management, processing and marketing of taspy products. The results of the program showed that there was a changed in fishermen's knowledge and motivation on the aspect of innovation, dreams, and financial management. The success of this program is evidenced by the growth of the business motivation of fishermen households based on data analysis before and after the implementation of the program. It can be concluded that training and group mentoring are effective techniques in fostering business motivation of fishermen households. Through training and group mentoring the fishermen had chance to dialogue, share suggestion and opinions, cooperate, and interact positively with each other in a comfortable atmosphere as to support the growth of stronger ebusiness motivation of fishermen households.

THE INFLUENCE OF FACTORS IN LOCAL GOVERNMENT FINANCIAL MANAGEMENT ASPECTS TO THE REMAINING BUDGET (SILPA) IN THE CITY OF TARAKAN

SiLPA occur almost in every local government in Indonesia. SiLPA may occur due to the realization of revenue targets or exceeding a set budget and actual expenditures that are less than the predetermined budget. The high and low SiLPA not necessarily indicate good performance of the local government concerned. Still needed a deeper study to assess whether SiLPA shown in the LRA is an achievement or otherwise. Several factors must be considered to assess whether SiLPA SiLPA shown in the Statement of Budget Realization is an achievement or otherwise. Several factors must be considered in assessing SiLPA , namely the reform of local government financial management, local government revenue management, local government expenditure management, local government cash management and cash budget, local government asset management, local government debt management and investment, and the management of local government partnerships. These factors are summarized in the overall Local Government Financial Management. This study seeks to uncover the influence of these factors in the area of local government financial management aspects of the SiLPA . The hypothesis is built is that these factors positively influence SiLPA . This research was conducted in the City of Tarakan to sample some employees in SKPD and a financial manager SiLPA largest producer. Analysis of the data in this study using multiple linear regression, with the program SPSS 20. The results of this study indicate that the local government revenue management, local government expenditure management, local government cash management and cash budget, local government asset management, local government debt management and investment, and the management of local government partnerships positive give effect on SiLPA. The reform of local government financial management does not give a positive effect on SiLPA.

Resistance to change in the financial management of small family-owned firms: a grounded theory of family firms in Laos

PurposeThe purpose of this study is to apply a grounded theory (GT) approach to develop a theory of resistance to change in the financial management of Laotian family firms.Design/methodology/approachThe research adopts a GT approach, using a theoretical sampling procedure. Interviews were conducted with 36 Laotian family firms between April 2017 and May 2019. The in-depth interview transcriptions were analyed using open coding, axial coding and selective coding.FindingsThe interviewees identified that strategic planning, budgeting and management processes are factors influencing resistance to change. Research results show that accounting portfolios, investment decisions and return on assets are aspects of financial management that are particularly prone to change. The authors, therefore, suggest that Laotian family firms’ reduction in confidence and loss aversion may activate resistance to the adoption of more efficient financial management practices.Originality/valueTo the best of the authors’ knowledge, this is the first research to attempt to use grounded data to emerge a theory of resistance to change in financial management in Laos.

Performance Analysis of Village-Owned Enterprises Based on Financial and Management Aspects in Blitar Regency, East Java

This study aims to analyze the performance development of village-owned enterprises (BUMDes) as the manager of productive economic activities. Performance measurement based on financial aspects and management aspects. A financial aspect includes capital growth, asset growth, asset quality, profitability. While management aspects consist of BUMDes legality, constitution, and by laws, the secretariat office, facilities, operational executor, involvement of village government in the stewardship BUMDes, incentive/honorarium board BUMDes, financial reports, progress reports, accountability BUMDes, contributions BUMDes to Government village data analysis technique used in this study is an interactive model consist of three main things: data reduction, data presentation, and conclusion. The results were obtained (1) BUMDes Health category by 84 BUMDes or 38.2%, (2) BUMDes category BUMDes Fit as many as 30 or 13.6%, (3) BUMDes category Unhealthy much as 84 BUMDes or 38.2%, (4) BUMDes category Off BUMDes as much as 22 or 10%. This implies the need for follow-up of the Government to improve performance so that it can be BUMDes BUMDes the healthy category, especially for BUMDes inactive.

RELATIONSHIP OF MARKETING ASPECTS, FINANCIAL, FUNDS, TECHNICAL, MANAGEMET ON CUT CREDITS IN BANK MANDIRI ANEKA TAMBANG IN JAKARTA

PT. Bank Mandiri is the largest bank in Indonesia in terms of assets, loans, and deposits. But at this time Bank Mandiri is experiencing a large number of customers that are doing bad credit. The research was conducted related to the number of bad loans experienced by PT. Bank Mandiri, Jakarta. The purpose of this study is to determine the relationship of internal factors, which include aspects of marketing, aspects of financial arrangements, aspects of funds, technical aspects, and management aspects partially and simultaneously on the customer's bad credit. The method used is quantitative by using correlation analysis techniques. The method of data collection is carrying out by collecting and submitting research questionnaires to debtors using the Bank Mandiri (PERSERO) TBK branch of the Jakarta Building Aneka Tambang branch that experiences cut credit, and studies documents relating to cut credit. This event obtaining from books and literature, related research journals. The analysis tool used is multiple regression analysis using SPSS software version 22. Partially, using the t-test of the marketing aspects, financial management aspects, funding aspects, technical aspects, and management aspects of bad credit. From the research results obtained aspects of financial management, technical aspects and management aspects have a positive and significant correlation to the increase in cut credits of PT. Mandiri Bank. Then, the marketing and funding variables correlate negatively and significantly to bad loans so that the increasing aspects of marketing and funding aspects, the cut credit decreases. From the simultaneous test results of the independent variables on the dependent variable, it knowing that the marketing aspects, financial management aspects, funding aspects, technical aspects, and management aspects have a significant and significant influence on the cut credits of Bank Mandiri in the Aneka Tambang Jakarta branch in Jakarta.

Implementation of Multiple Linear Regression Methods as Prediction of Village Spending on Village Financial Management System

The realization of village welfare and improvement of Village development can be started from the financial management aspects of the village. The village government has authority ranging from planning, implementation, reporting to accountability. There are two important variables as the financial aspects, there is village income, and village expenditure. The village budget process is a plan that will be compiled systematically. Planning has an association with predictions which is an indication of what is supposed to happen and predictions relating to what will happen. To provide a good village budget planning the village budget prediction feature is required. This prediction feature is done using data mining which is modeled i.e. multiple linear regression algorithm. The variable is selected using a purposive sampling technique and the sample count is 29 villages. Dependent variables are village Expenditure as Y, and independent variables i.e. village funds as X1 and village funding allocation as X2. The best values as validation were gained in the 3rd fold with a correlation coefficient of 0.8907, Mean Absolute Error value of 87209395.37, the value of Root Mean Squared Error of 114867675.6, Roll Absolute Error (RAE) Percentage was 42 %, and Root Relative Squared Error was 44 %.