Company's Financial Management Research Articles

On the issue of determining effectiveness and the quality of corporate financial management: theoretical and conceptual aspects

The current stage of economic development is characterized by such features as a high degree of uncertainty in external and internal environmental factors, a high level of competition, and the strengthening of the role of effective financial management of companies. These features determine the need to apply the theory and practice of corporate financial management, its modern tools to assess the effectiveness and quality of the company's financial management, which, in turn, contributes to the adoption by the company's management of sound management decisions necessary to achieve the strategic goals of its development.

Analisis Sistem Akuntansi Kas Kecil Pt Cli Kantor Cabang Surabaya

PT Combi Logistics Indonesia (CLI) Surabaya branch office is engaged in export-import transportation services. Implementing a petty cash accounting system helps the company run conductively. Thus there are no conditions in the company's financial management. The research aims to determine the company's petty cash accounting system analysis. The qualitative research type used is observation, interview, and data documentation data collection procedures. Data analysis techniques are data reduction, presentation, and conclusion. The research results show that the petty cash accounting system function is not running well because the cash function, accounting function, and operational function (users of petty cash funds) are one. So there are problems: duplicate work, accountability summary, and authorization. The subsequent research result forms related to the petty cash accounting system have been implemented. However, there has been no evaluation regarding their effectiveness. The next research result was that the company had carried out journal reporting for 2 years because it was only a branch office, and subsequent reporting was carried out by the central finance department.

Analisis Blibiometrik Operating and Economic Exposure Dengan Publish or Perish dan VosViewer

This research aims to review comprehensive studies in an exploratory manner regarding operating exposure or economic exposure as an influence of fluctuations in the forex rate or foreign exchange rates on the present value of future cash flows in companies. The sample consists of 100 documents published in the period 2013 to 2023 using the crossref database with the keywords, forex rate, present value (PV), future value cash flow. This research conducted a systematic literature review using a bibliometric approach. Publish or perish and VOSviewer software were used to perform graphical analysis of bibliometric data and visualization of research results. Based on the visualization obtained, there are five types of colors as a clustering of links and relationships in terms of Operating Exposure which are searched in the database based on keywords. The first cluster is red which includes Indonesian stock exchange, earnings, stock price, value relevance, economic value. Then for the green cluster free cash flow and firm value. Then for the yellow cluster corporate governance, cash holding, and firm. Then for the light blue cluster, it is value and future direction. Then for the blue cluster it is rate, risk and overall tax advantages, and the last cluster in purple is net present value, return and cost. Bibliometric analytics can systematically review a number of studies to provide a less biased perspective. This also helps future research by combining research based on connectivity between keywords to better understand operating exposure in terms of company financial management.

Review Literature: Analysis of Profitability Ratios and Liquidity Ratios to Assess Financial Performance

This research discusses the analysis of profitability ratios and liquidity ratios to assess financial performance. Research is really needed because calculating ratios is really needed by a company, namely to determine the good and bad performance of a company's financial management. This research uses a literature review method with data and 5 scientific journals that have been reviewed. Based on the results of the analysis of profitability ratios and liquidity ratios to assess financial performance, the analysis of profitability ratios and liquidity ratios shows that the financial performance obtained from these two ratios, overall profitability performance shows good value and satisfactory results, because it is below the industry average and Financial performance is important because it can help measure the efficiency of financial management, support the decision-making process, facilitate future predictions, and enable performance comparisons with other companies in the same industrial sector. By understanding the significance of profitability ratios and liquidity ratios in the context of financial performance, this information can be used as a basis for decision making and evaluating company performance as well as to see the good and bad conditions of financial management by the company and as information on investment considerations in a company's shares.

A value-based approach to evaluating the effectiveness of a company's financial management

A value-based approach to evaluating the effectiveness of a company's financial management

Role of Human Resource Management Value-Added on Financial Performance Efficiency Management: The Mediating Role of Employee Commitment

This study explores the interconnections among transformational leadership, employee motivation, employee commitment, and financial management efficiency in the Central Sulawesi banking sector, Indonesia. It aims to uncover how transformational leadership and employee motivation impact a company's financial management efficiency and assesses the mediating function of employee commitment in this context. The research encompasses a sample of 396 employees drawn from various Central Sulawesi banks, selected via convenient sampling. Inclusion criteria encompassed a minimum one-year tenure at their current organization and direct exposure to their superiors' leadership styles and familiarity with financial management practices. Data collection entailed a self-administered questionnaire comprising four sections. The first segment gathered demographic data, including age, gender, education, job position, and tenure. The second assessed transformational leadership, employing adapted items from the Multifactor Leadership Questionnaire (MLQ). It scrutinized idealized influence, inspirational motivation, intellectual stimulation, and individualized consideration. The third section gauged employee motivation, adapting items from the Work Extrinsic and Intrinsic Motivation Scale (WEIMS), covering extrinsic and intrinsic motivation factors. The fourth section measured financial performance efficiency, considering metrics such as stock price, firm innovativeness, and learning orientation. It also assessed employee commitment, comprising affective, continuance, and normative commitment. Responses utilized a Likert-type scale from 1 (strongly disagree) to 5 (strongly agree). A pilot test ascertained questionnaire clarity and comprehensibility. The findings illuminate the intricate web of factors impacting financial management efficiency, underscoring employee motivation and transformational leadership's pivotal roles, mediated by employee commitment. This study enriches practical and theoretical understanding, offering invaluable insights for leaders, managers, and researchers striving to enhance financial management efficiency and organizational performance.

Strategi Customer Service Excellence Pada Customer Service B21 Digital Printing Gresik

In today's competitive era of globalization, customer satisfaction is the key to the success and sustainability of a company. This journal discusses the Customer Service Excellence strategy implemented by B21 Digital Printing, a digital printing industrial company in Indonesia. In this era of digitalization, companies are faced with demands to not only survive, but also innovate in every aspect of operations, especially in understanding and meeting customer needs, carrying out effective communication, and providing good service and handling complaints. Through qualitative research methods, using a qualitative descriptive approach. The research results show that B21 Digital Printing has succeeded in achieving integrated Customer Service Excellence by utilizing technology, by creating software applications, namely the WA CS (WhatsApp Customer Service) and BIMA (Business Integrated Management Apps) applications. The WA CS application provides organization and efficiency in customer service with Chatbots and Artificial Intelligence features for fast response. Meanwhile, the BIMA application makes business operations easier, from ordering to company financial management. With this technological innovation, B21 Digital Printing has succeeded in overcoming several common problems faced in the digital printing industry. In this way, B21 Digital Printing has succeeded in increasing competitiveness, customer loyalty and maintaining customer trust in the company.

The Consumer Buying Behavior and Its Relationship to Financial Management of a Purchasing Company

Consumer behavior is crucial for understanding and managing the financial aspects of a company. It involves how consumers make decisions and use products and services. Understanding consumer behavior helps companies understand customer reactions to product features, prices, and marketing strategies. This study assessed consumer buying behavior and its relationship to financial management, revealing that online shopping has a positive effect on a company's financial management. However, consumers still prefer in-store purchases due to a lack of assurance and resources. Therefore, understanding consumer behavior is essential for effective financial management.

Corporate governance determinants of capital structure: Evidence from manufacturing firms on the Ghana Stock Exchange

This study examines the impact of corporate governance determinants on the capital structure of manufacturing firms listed on the Ghana Stock Exchange (GSE). Using a purposive sampling of 15 manufacturing firms, we collect secondary data for 14 years. We employ a system generalized method of moments (GMM) approach to address endogeneity issues. Apart from firms using more short-term debt financing than long-term debt, we report a significant positive relationship between managerial and institutional ownership and capital structure. There is a statistically significant and positive relationship between ownership concentration on both the short- and long-term debt ratios. Regarding company financial management, the study offers several recommendations and practical implications. Our findings have implications for improved management performance and corporate governance policies that lead to value-relevant capital structure decisions. The study also provides empirical support for the idea that firms might benefit from reduced agency costs and lower cost of capital if they implement appropriate corporate governance mechanisms. We provide support for the agency and pecking order theories. Future research could consider broader corporate governance variables and optimal capital structure.

Risk Management for “Stockists and Fabrication Abrasion Resistance Plate” in Indonesia

The abrasion-resistant steel supply and fabrication industry has many potential risks due to errors in the marketing process carried out by the company, lack of worker awareness and discipline regarding work instructions, lack of human resource management and company financial management. PT. Gipan Metal Teknik Indonesia has (PT. GMTI) problems in mitigating the risks it faces. This research aims to identify potential hazards and classify risk values at PT. GMTI. By determining the risk value, the company can provide risk control suggestions for each factor such as marketing, operations, human resources and finance. Key factors that influence the success of risk management implementation include management commitment, employee participation, effective communication, and access to necessary resources. In addition, this research also highlights the challenges faced by the fabrication industry in dealing with risks related to technological changes and increasingly stringent regulatory demands. The research results showed that there were 18 risk events and important implications for the abrasion-resistant steel supply and fabrication industry, emphasizing the importance of integrating risk management for each division at PT. GMTI.

Analisis Akuntansi Perpajakan Dan Dampak Penerapan PPH Pasal 21 Terhadap Wajib Pajak

Understanding tax accounting which is based on tax regulation (Pph 21) will influence taxpayer awareness. The purpose of this research is to provide a general overview of research related to tax accounting for taxpayers based on PPH article 21. The methodology used in this research is a literature review study using 20 articles that discuss the topic of tax accounting for taxpayer compliance. based on PPh article 21 which was carried out in the period 2015 – 2023 with empirical and academic studies. The results of this research can be concluded that understanding tax accounting in financial management is very necessary because agency financial reporting can have a good effect on the effectiveness of company financial management. Understanding accounting in preparing financial reports is very important to pay attention to. By understanding accounting in preparing reports, effective financial management reports will be created, where in preparing these reports, presenting the agency's financial reports properly and correctly will influence taxpayer compliance.

Research on the innovation path of corporate financial management based on improved Adaboost regression algorithm and analysis of management effectiveness

Abstract The first part of this paper investigates the implementation process of the Adaboost regression algorithm, initializes the training set weights to obtain the weak learner, and builds the final strong learner. Then, we explore the treatment of corporate financial management concept drift by assigning variance weights to financial data samples according to their temporal proximity to solve the problem of financial concept drift. Then, an optimized AdaBoost-SVM model is constructed to initialize the sample weights according to time and sample category, calculate the classification error, and build a weak classifier and a decision classifier based on the samples. Finally, the company's financial management costs, personnel, and model prediction accuracy were analyzed. The model predicts financial distress with a 78% accuracy, financial insolvency with a 93% accuracy, and financial normalcy with a 90% accuracy. This confirms the feasibility of this paper's methodology for corporate financial management.

Determinan Asumsi Going Concern dalam Pemberian Opini Audit

Objectives. To analyze the effect of cash flow, audit quality, and audit risk on the going concern assumption in giving audit opinion.Design/method/approach. This is a quantitative study with secondary data in the form of published financial reports. The population consists of property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) during the 2016-2020 period using purposive sampling. The selected sample is 43 companies with a total of 215 observations of the data and analyzed with Logistic regression analysis.Results/findings. The results show that cash flow has no significant negative effect, audit quality has no significant positive effect, and audit risk has a significant positive effect on the going concern assumption in giving audit opinion.Theoretical contribution. Academics can make additional references regarding the determinants of the going concern assumption in audit literature.Practical contribution. Auditors can use the current ratio as one of the audit risk factors in determining going concern assumption, the management committee can maximize the company's financial management so as not to accept the going concern assumption, owners and investors can pay attention and periodically evaluate all financial aspects to assess performance managementLimitations. This study has several limitation, such as limited number of independent variables; a limited sample of property and real estate sector companies listed on the IDX; and the observed data is limited to 2016-2020.

Analisis Dan Identifikasi Implementasi Sistem Informasi Manajemen Keuangan (Studi Kasus Pada Pt. Pojur)

This study aims to analyze and identify the implementation of the Financial Management Information System (SIMK) at PT. Pojur. The research was conducted using qualitative methods and case studies as a research approach. Data were obtained through in-depth interviews with SIMK users at PT. Pojur and analysis of documents related to the use of SIMK in companies. The results showed that the implementation of SIMK at PT. Pojur has had a positive impact on the company's financial management. SIMK has helped improve the efficiency and effectiveness of the company's financial management to improve the company's overall performance. In addition, SIMK has also facilitated the monitoring of the use of company funds and increased the transparency of corporate financial reporting. However, this study also found several obstacles encountered in implementing SIMK at PT. Pojur. These obstacles include the lack of support and maximum use from the company's management and the lack of understanding and training on the use of SIMK from users. In conclusion, this study shows the implementation of SIMK at PT. Pojur has had a positive impact on the company's financial management. However, efforts need to be made to overcome the obstacles faced so that the use of SIMK can be optimal and provide greater benefits for the company.
 Keywords: Analysis, Identification, SIMK

Effects of Working Capital Management on Profitability of NBFIs in Rwanda

Working capital management is a key factor in determining a company's financial management. Inefficient or inefficient management of working capital impacts profitability and liquidity. To achieve optimal working capital management, company management must carefully manage the trade-off between profitability and liquidity. The general objective of this study was to determine the Effects of Working Capital Management on Profitability of NBFI in Rwanda. The study adopted Credit theory and Transaction Cost Theory. The study adopted a descriptive research design using both quantitative and qualitative approaches. The study assumed a target population of 96 individuals, a multistage random sample of 38 executives from various categories. Survey data were collected using a structured questionnaire. To test whether there is an impact on the profitability of the NBFIs in Rwanda, the correlation between inventory management policy and profitability and the correlation analysis between lending policy and profitability were used. Working capital has been found to have a significant relationship with profitability. Based on the research findings, it can be concluded that working capital is a positive, significant predictor of profitability. The findings of the study suggested that there is a positive and significant relationship between credit policy and profitability. A positive significant linear relationship between inventory control policies and profitability of NBFI in Rwanda was observed. The NBFI financial managers should regularly review their credit policies to ensure they are optimal. NBFI's finance managers should take precautions to help them maintain optimal inventory levels for both raw materials and finished goods.

Short-selling and corporate default risk: Evidence from China

We examine the deregulation of short-selling in the Chinese stock market, and find that short-selling activities can reduce the default risk of the underlying companies. Such an effect is more pronounced when the information disclosure is worse and the corporate governance is weaker for the shortable companies, and also when the short-selling on the companies' stocks is more active. These results support the notion that short-selling can improve a company's financial management by contributing to its information transparency and corporate governance. Moreover, we find that it takes a longer time (over two years) for the short-selling activities to finally entice the improvements and reduce the risk. In addition to the reduced default risk, shortable companies also have better access to credit and debt capital. Our results stay robust after propensity score matching is applied and the effect of margin-trading is controlled.

Problems and Countermeasures in Financial Analysis of SMEs

The financial management of a company is an important part of the management of a company. Research shows that the main factors in business failure include lack of financial planning, limited access to capital, lack of capital, unplanned growth, inaccurate strategic and financial forecasts, excessive fixed asset investment and lack of capital management. These reasons come down to one thing, all related to the company's financial management. Some enterprise managers may not know where the problem is and how to solve it. Therefore, this article will focus on looking for some problems of some SMEs and put forward relevant countermeasures to solve this problem by determining which financial management skills. Therefore, this paper will be completed mainly through the indirect method, most of which come from some official websites. Then analyze these data to understand the current business situation and business model of SMEs. Finally, these problems are analysed, and countermeasures are put forward.

ACCOUNTING AND ANALYTICAL SUPPORT FOR MAKING FINANCIAL DECISIONS IN THE SOLVENCY MANAGEMENT OF THE ENTERPRISE

The article is devoted to the study of accounting and analytical support for financial decision-making in managing the solvency of the enterprise. It is substantiated that solvency is an important factor in the formation of the company's financial management policy and strategy. The importance of accounting and analytical information for management needs is outlined, the solvency of Ukrainian enterprises is assessed based on statistical data, "bottlenecks" in the formation of information flows in the process of managing the solvency of the enterprise are identified. The information and analytical function of accounting contributes to the adoption of financial decisions when managing the company's solvency. New approaches are relevant for predicting the further financial development of an enterprise and assessing risks that can reduce the solvency of an enterprise. The tasks of the accounting system for information support of participants in the process of making financial decisions are considered. A model of accounting support for making financial decisions is proposed, which will improve the management of the enterprise's solvency. Attention is paid to the role and importance of management accounting in the formation of information for management. The results of the study have a practical focus, since a well-constructed model of accounting and analytical support for financial decision-making makes it possible to achieve business development stability.

Pelatihan Pembuatan Laporan Keuangan bagi Pelaku Usaha Depot Air Minum di Bengkulu

The management of the company's finances is related to the allocation of company finances to meet the company's current needs, in the future, to unexpected needs. Current needs consist of current expenses, such as production costs, water and electricity costs, employee salary and bonus costs, machine repair costs and others. Future needs consist of expenses incurred in the future, such as the cost of recruiting new employees.
 The Drinking Water Depot business is one of the many UMKM in the Bengkulu City area. One of these UMKM units plays a fairly active role in disseminating clean drinking water stocks at affordable prices and relatively quick to obtain. Therefore, in supporting the acceleration and accuracy in the provision of clean drinking water stocks, it is also necessary to have a sufficiently mature financial report so that there is no miscalculation of inventory in the future, a training on financial statement management is formed to one of the owners or business actors of the UMKM Drinking Water Depot in Bengkulu City.
 The purpose of this training activity is to provide understanding to UMKM business actors regarding the management of financial statements, including company financial management so that in the future the company's finances can be monitored carefully.

The Effect of Auditor's Competence, Professionalism, and Organizational Culture on the Quality of Financial Statements

Human resources have a significant role in the quality of financial reporting. The existence of competent and independent human resources has a wide level of description of the company's financial management. This study purposes to analyze the factors that affect the quality of company financial reporting in some industries in Bandung, by observing at organizational culture and internal audit quality as seen from the auditor professionalism and competence. This research was conducted on 95 employees of the finance department at a private company in Bandung. The data in this research applied primary information in the form of observation and distribution of questionnaires to individuals’ respondents. The findings of this study indicate that the competence and professionalism of the auditor, as well as the organizational culture of the company, will determine the quality of the company's financial reporting. The better the competence and professionalism of the auditor, the higher the quality of the financial reporting. In addition, the existence of a conducive and supportive organizational culture will increase the quality of financial reports.