Finance Division Research Articles

Financial and sporting efficiency and productivity in Brazilian football clubs

PurposeThis paper analyses the efficiency and productivity of Brazilian football clubs in the post-world cup 2014 period (2014–2022) using a network dynamic DEA-Malmquist model.Design/methodology/approachFinancial and sporting efficiency and productivity in Brazilian football clubs.FindingsThe financial division’s average efficiency is higher than that of the sporting division and overall efficiency from 2014 to 2022. Fourteen clubs exhibited increased productivity during this period. Regression models revealed a statistically significant positive relationship between the debt ratio and DEA dependent variable models at a 1% significance level and a significant negative relationship with the three Malmquist dependent variable models. Additionally, the models identified a statistically significant relationship with the “Covid” (2020 years) variable across all models.Practical implicationsOur findings suggest that increased expenditures can lead to higher liabilities, reducing the ability to afford high-quality players and thus diminishing overall club value. Additionally, the inefficiencies observed among some of the largest football clubs reveal room for improvement in both financial and sportive aspects.Originality/valueThis is the first study to investigate efficiency and productivity in two dimensions for Brazilian football clubs, incorporating an analysis of productivity over an extended period and examining the impact of debt and other determinants on club performance.

The International Division of Finance: reassessing the peripheral condition in a financialised capitalism

ABSTRACT Based on the Latin American structuralist theory, but advocating for a need of framing the discussions in the current historical context – characterised by financialisation and financial globalisation –, this article investigates the centre-periphery configuration of the global economy with the focus on the monetary-financial sphere. More specifically, it aims to analyse the role of the peripheral countries for the current International Monetary and Financial System (IMFS). In a dialogue with the discussions related to the International Division of Labour (IDL), the article thence proposes and conceptualises the International Division of Finance (IDF), as well as its corresponding structural differentiation and structural tendency. It argues that the IDF is not accidental, but plays a fundamental role in the modus operandi of the reproduction of wealth in international financial circuits. Through an empirical analysis with data from 212 countries for the period 2000-23, the article demonstrates a structural tendency of transfer of wealth from periphery to central countries. Along with the IDL (in its contemporary format), it generates a ‘double-capture of wealth’. As a result, the IDL and the IDF have feedback effects, deepening the subordination, the lack of autonomy for economic policy and the vulnerability of peripheral countries.

Analysis of Employee Placement in the Finance Division at PT X

Analysis of Employee Placement in the Finance Division at PT X

The Effect of IT Governance Implementation on Decision-Making Performance (Case Study in PT XYZ)

This study aims to determine the effect of IT governance implementation on decision-making performance. This study uses qualitative data and population of the research is from interview data with 5 respondents from PT XYZ in different divisions, which are Management Information System division, Finance division, and consultant. The data analyzed using Atlas.ti software for processing qualitative data. The results of the study show that the implementation of IT Governance at PT XYZ has a significant impact on decision-making performance by focusing on performance measurement and establishing clear KPIs for evaluation. Furthermore, the adoption of an ERP system allows all business units to function within an integrated framework, improving their ability to make quicker, more reliable, and data-driven decisions.

The influence of budget planning, human resource competence, and budget implementation on budget absorption performance

This study aims to analyze the influence of budget planning, human resource competency, and budget implementation on budget absorption performance in the Special Criminal Offenses Prosecutor's Office. This type of research is mixed research, and the population in this study consists of the Finance Division employees in the Special Criminal Offenses Prosecutor's Office, totaling 65 employees. The sampling technique used in this study is the total sampling technique from the population members, known as a census or saturation sampling. Therefore, the sample size used in this study is all 65 employees of the population. The data collection technique used in this study is by distributing questionnaires to the 65 employees of the Finance Division in the Special Criminal Offenses Prosecutor's Office and conducting interviews with 5 employees consisting of the Commitment Maker Official (PPK), Head of Treasury Subdivision, Head of Accounting and Reporting Subdivision, Expenditure Treasurer (BP), and Assistant Expenditure Treasurer (BPP) as respondents to strengthen the research results. Data analysis technique using SmartPLS program version 3.0. The results of the study indicate that budget planning has a positive and significant effect on budget absorption performance. Human resource competency has a positive and significant effect on budget absorption performance. Therefore, the involvement of government officials with good competencies in their work will affect the resulting absorption. Budget implementation has a positive and significant effect on budget absorption performance, meaning that the better the budget implementation, the better the budget absorption performance.

The influence of budget planning, human resource competence, and budget implementation on budget absorption performance

This study aims to analyze the influence of budget planning, human resource competency, and budget implementation on budget absorption performance in the Special Criminal Offenses Prosecutor's Office. This type of research is quantitative, and the population in this study consists of the Finance Division employees in the Special Criminal Offenses Prosecutor's Office, totaling 65 employees. The sampling technique used in this study is the total sampling technique from the population members, known as a census or saturation sampling. Therefore, the sample size used in this study is all 65 employees of the population. The data collection technique used in this study is by distributing questionnaires to the 65 employees of the Finance Division in the Special Criminal Offenses Prosecutor's Office and conducting interviews with 5 employees consisting of the Commitment Maker Official (PPK), Head of Treasury Subdivision, Head of Accounting and Reporting Subdivision, Expenditure Treasurer (BP), and Assistant Expenditure Treasurer (BPP) as respondents to strengthen the research results. Data analysis technique using SmartPLS program version 3.0. The results of the study indicate that budget planning has a positive and significant effect on budget absorption performance. Human resource competency has a positive and significant effect on budget absorption performance. Therefore, the involvement of government officials with good competencies in their work will affect the resulting absorption. Budget implementation has a positive and significant effect on budget absorption performance, meaning that the better the budget implementation, the better the budget absorption performance.

Unit Cost Analysis of Haemodialysis Services By Activity Based Costing Approach as a Strategy For Increasing Hospital Profits

One of the catastrophic diseases that is the focus of health insurance financing is kidney failure. Haemodialysis is a type of kidney replacement therapy for chronic kidney disease using special equipment. One method of financing haemodialysis procedures is the National Health Insurance Program. Hospitals, as health service providers for JKN participants, have an interest in the INACBG rates. Based on the Regulation of the Minister of Health of the Republic of Indonesia Number 3 of 2023 concerning Health Service Tariff Standards in the Implementation of the Health Insurance Program, there are changes to tariffs for haemodialysis services. With the current tariff changes, single-use and re-use services are divided into two different tariffs. The research was conducted at Siloam Hospital Bali. The data taken is secondary data originating from the Financial Division of Siloam Hospital Bali, the Medical Records Department of Siloam Hospital Bali, and the Haemodialysis Department of Siloam Hospital Bali during the period January–April 2023. The data collected and the hypothesis formulated in this research will be tested using the MANOVA (Multivariate Analysis of Variance) test method, using SPSS software. The research results show that there is a significant difference in total costs for re-use and single-use haemodialysis services; there is a significant difference in the total INACBG rates per patient for re-use and single-use haemodialysis services and there is no significant difference in the difference between INACBG rates and total costs in re-use and single-use haemodialysis services.

Economical Impact of Integration of Mental Health Services to Primary Care - A Review.

There are numerous people all across the world who are struggling with mental health (MH) conditions. There is a growing recognition of the significance of MH as a primary cause of disability with substantial effects on daily functioning. The Ministry of Health's financial division oversees money with the Ministry of Finance's approval. Thus, this review explores the economics of integrating MH services in a primary healthcare center (PHC) in Saudi Arabia (SA). The incorporation of MH services into basic medical care is required as it ensures that the general population has access to the necessary MH care and the likelihood of better health outcomes is raised when receiving treatment in PHCs. The majority of funds that are now allocated to the provision of MH care are used to pay the wages of MH professionals and paramedical staff members who are employed in mental hospitals, as well as to invest in the development of infrastructure and education of MH experts. A report found that MH expenditures accounted for 4% of the entire budget for health care. The expenditure for mental hospitals was 22% of the total for MH hospitals. The allocation of funds is integral for the PHCs to perform at their maximum potential in the MH domain. Thus, this review explores the economics of integrating MH services in a PHC in S SA.

EFEKTIVITAS KEBIJAKAN PENYUSUNAN SURAT PERTANGGUNGJAWABAN (SPJ) PADA DIVISI KEUANGAN KPU PROVINSI JAWA TIMUR

Policies in a government agency are also made to respond to the needs and problems faced by the community. In the context of the policy of preparing a Letter of Responsibility (SPJ) in the finance division, the General Elections Commission (KPU) was made to ensure transparency and accountability of KPU financial management. SPJ is an important document used to account for the use of the budget that has been received by the KPU. SPJ must be prepared completely, accurately, and in accordance with applicable regulations. This research uses qualitative research methodology with a descriptive approach method. The results of this study stated that the policy of preparing SPJ in the Financial Division of the KPU of East Java Province has been quite effective, it can be seen from the conformity of the principles of SPJ applied in the Finance Division of the KPU of East Java Province, but in its implementation there are still several things that can be improved to increase the effectiveness of the preparation of SPJ in the Financial Division of the KPU of East Java Province. Keywords: Policy; Effectiveness; SPJ

Pengaruh Penerapan Sistem Pengendalian Intern, Motivasi Kerja, dan Aksesibilitas Pelaporan Terhadap Kualitas Laporan Keuangan pada Dinas Pekerjaan Umum Kota Padang

The effect of the application of the internal control system, work motivation and reporting accessibility on the quality of the financial statements of the Padang City Public Works Department. This approach uses a quantitative approach, using primary data through a questionnaire. The respondents in this study were the Head of the Finance Division, the Secretary of Finance, Verification (internal Control) and the Staff of the Financial Management Section. The variables used in this study are the Internal Control System, Work Motivation, and Reporting Accessibility as independent variables, and the Quality of Financial Statements as the dependent variable. The method used in analyzing the data is using multiple regression analysis statistics. The results show that the implementation of the internal control system, work motivation and reporting accessibility on the quality of financial reports has no significant effect on the quality of the financial statements of the Padang City Public Works Department.

Mastering the Field: A Critical Analysis of 'Entrepreneurial Finance' by Leach and Melicher

About The Book Book Name: Entrepreneurial Finance, 7th Edition, 2020 Authors Name: J. Chris Leach, and Ronald W. Melicher, Publisher: Cengage Learning Publishing, Identifiers: ISBN 0357130731, 9780357130735 About The Authors J. Chris Leach is a distinguished academic and Professor at the Leeds School of Business, University of Colorado at Boulder. He is known for his exceptional teaching abilities, entrepreneurial background, and research in finance. Leach has received awards for teaching and has played an active role in startups since the 1970s. He is also a faculty advisor and mentor for the Deming Center Venture Fund. Ronald W. Melicher is a distinguished Professor of Finance at the same university. He is celebrated for his teaching abilities and has held key positions in the Finance Division. Ronald's expertise spans various finance topics and has taught at prestigious institutions globally. He is also recognized as an expert in financial management and firm valuation, offering consultancy services and conducting research in critical areas of finance.

Pelaksanaan Pengarsipan Berkas Dalam Divisi Finance PT Dimensi Citra Semesta

This research aims to analyze the implementation of file archiving in the finance division of PT Dimensi Citra Semesta. The research utilizes a qualitative descriptive research method with data collection techniques including case studies, observation, interviews, and documentation. The results of this research indicate that the implementation of file archiving in the finance division of PT Dimensi Citra Semesta involves six steps: receipt, verification, numbering, grouping, storage, and file disposal. The file archiving process aligns with the ISO 15489-1:2016 standard on records management. The file archiving tools in the finance division of PT Dimensi Citra Semesta consist of both physical and electronic tools. Archiving challenges in the finance division of PT Dimensi Citra Semesta are divided into two categories: internal challenges and external challenges. Internal challenges originate from within the finance division itself, such as space limitations, file damage, input errors, file loss, and others. External challenges come from outside the finance division, such as inappropriate file requests, delayed file deliveries, file format mismatches, and others.

Financial Report Quality: The Role of Accrual-Based Government Accounting Standards and H.R. Competency

This study aims to analyze and obtain empirical evidence about the effect of accrual-based government accounting standards and human resource competencies on the quality of government financial reports. Respondents in this study were employees of the financial division of offices in DKI Jakarta. The financial employee research sample is 100 respondents. The analysis technique uses PLS-SEM with the SmartPLS 3.0 program. The results of this study indicate that the competence of human resources influences the application of P.P. No. 71 of 2010 based on accruals and the quality of financial reports. Meanwhile, the application of accrual-based government accounting standards has no effect on the quality of financial reports. The results of this research can be useful for the government as input and consideration in determining policies, especially related to improving the quality of local government financial reporting information and increasing human resource competence, as well as financial accountability.

Analisis penerapan model four levers of control dalam meningkatkan kinerja karyawan divisi keuangan PT Pelabuhan Indonesia (Persero) Regional 4 Bitung

Four Levers of Control is a concept that focuses on achieving strategies in the management control system using four frameworks consisting of belief systems, boundary systems, diagnostic control systems, and interactive control systems. In facing the changes that occurred at PT Pelabuhan Indonesia (Persero) Regional 4 Bitung after the merger, an adequate control system is needed to control the performance of employees. This study aims to determine how the application of the four levers of control in improving the performance of employees of the finance division of PT Pelabuhan Indonesia (Persero) Regional 4 Bitung. The research method used in this research is a qualitative method with a descriptive approach and the data obtained comes from interviews and documentation. The results showed that the application of the four levers of control has been running quite well because it has fulfilled the four frameworks.

Decision Support System Analysis of Productive Financing Using Analytical Hierarchy Process (AHP) Method (Case Study of Sharia Business Unit of Bank Sumut)

This study aims to analyze and find out about the decision support system used to assist in analyzing potential productive financing customers using the Analytical Hierarchy Process (AHP) method in the Sharia Business Unit of Bank Sumut. The method that researchers use in this research is the descriptive qualitative method. Data collection was carried out through interviews with the financing division of the Sharia Business Unit of the Bank of North Sumatra and documentation. The data collected by the author of the analysis is descriptive analysis. The results found and obtained in this study are Decision Support Systems that can be used to assist in the process of analyzing data on prospective productive financing customers when applying for financing, namely by analyzing the 5C principles (Capital, Character, Capacity, Collateral, and Condition of the economy). The application of the AHP method to the Sharia Business Unit of Bank Sumut can provide the best solution in determining the feasibility of providing financing.

Implementasi Sistem Pengarsipan Metode Alphabetical, Subject Dan Chronological Filing Untuk Meningkatkan Tata Kelola Arsip PT Tunas Antarnusa Muda Cargo Solo

Archives play an important role in supporting the administrative activities of an agency. Archives include all activities related to company documents. At the expedition agency PT Tunas Antarnusa Muda Cargo Solo, the receipt document filing system is still lacking in structure. This receipt is only archived to the extent that it is entered in an order that is adjusted to the customer's name randomly and unstructured. This makes employees of PT Tunas Antarnusa Muda Cargo Solo, especially the finance division, find it difficult to find receipts so that work management becomes less effective and efficient due to the long search time when receipts are needed. This service aims to improve the filing system at PT Tunas Antarnusa Muda Cargo Solo by using a combination of alphabetical filing, subject filing, and chronological filing methods. This method is applied in alphabetical order of the customer's name, the subject of grouping the customer's names and sorted by the time the receipt was made. In practice, this method aims to manage receipts to increase the efficiency and effectiveness of the filing system. In addition, structured archives can make it easier for agency employees to find the information needed quickly and simplify the work process

Analisis Penerapan Perlakuan Akuntansi Akad Murabahah Pada Laboratorium Ekonomi Islam Fakultas Ekonomi Dan Bisnis Universitas Brawijaya

This study aims to evaluate the murabahah contract transactions learning by analyzing the conformity of the accounting treatment for murabahah financing transactions in the Ekis Lab to PSAK No. 102. This study employs qualitative descriptive method involving data obtained through interviews with the general chairman of the Ekis Lab, 2 members from the financing division, 1 member from the savings division, and 1 member from the Student Executive finance bureau. The results of the study exhibit that some recordings of murabahah contract financing in the Ekis Lab conform to PSAK No. 102, including the recognition and measurement of murabahah assets; recognition, measurement and presentation of murabahah receivables; and margin presentation of murabahah receivables. Whilst, some of which do not conform to PSAK No. 102, including the recognition of murabahah margins, and disclosure of murabahah contract transactions at the Ekis Lab for, respectively, not using amortization to calculate the murabahah margin recognition and the absence of financial statements such as income statements and statements of financial position leading to the absence of the disclosure of several accounts. As such the financial statements must incorporate disclosures of murabahah receivables account disclosed in the statement of financial position, and murabahah receivable margin disclosure account disclosed in the income statement.

Financial Performance Assessment through Statement Analysis: A Qualitative Study

This qualitative study aims to assess the financial performance of a regional water company using descriptive analysis. Conducted at a specific location in Pasuruan Regency, East Java, the research gathered insights from experts in the Finance Division and General Affairs, Public Relations, and HR. Inductive data analysis revealed increasing liquidity ratios, decreasing solvency ratios, and rising profitability ratios over the years. These findings carry implications for the financial health and sustainability of similar entities, offering valuable insights for decision-makers in the water utility sector. Highlights: Key Insight: Qualitative approach for financial assessment. Notable Trends: Liquidity, solvency, and profitability ratios. Sector Implications: Decision support for water utilities. Keywords: Financial Performance, Statement Analysis, Water Utility, Qualitative Research, Sustainability.

Love of Money Behavior, Religiosity, and Ethical Values on the Tendency of Accounting Fraud With Idealism as a Moderating Variable.

This quantitative study investigates the impact of love of money, religiosity, and ethical values on accounting fraud tendencies, while also examining the moderating role of idealism. Conducted within the finance division of a food and footwear company, the research employs purposive sampling to gather data from 50 respondents through questionnaires, analyzed using the SmartPLS method. The findings reveal that love of money and ethical values significantly affect accounting fraud tendencies, whereas religiosity exerts no such influence. Furthermore, idealism moderates the relationship between ethical values and accounting fraud tendencies, underscoring its potential as a valuable reference point for future research in this domain.
 Highlights: 
 
 Impact of Ethical Values: Ethical values play a significant role in influencing accounting fraud tendencies, emphasizing the importance of fostering an ethical corporate culture.
 Limited Influence of Religiosity: Religiosity is found to have no substantial effect on accounting fraud tendencies, challenging assumptions about its role in shaping financial behavior.
 Moderating Role of Idealism: Idealism is identified as a critical moderating factor, affecting the relationship between ethical values and accounting fraud tendencies, highlighting its relevance in fraud prevention efforts.
 
 Keywords: Accounting Fraud, Love of Money, Religiosity, Ethical Values, Idealism

Pengaruh karakteristik CEO terhadap kinerja bagian keuangan (akuntan) perusahaan

The company is one of the sectors that can be used to improve the Indonesian economy. Unfortunately, not all companies are in good health, especially in the financial sector. In fact, finance is important for the sustainability of the company's operations. The company's finances are held by an accountant who is under the authority of the CEO. For this reason, researchers want to conduct research on "The Effect of CEO Characteristics on the Performance of the Company's Finance (Accountant) Division". The purpose of this research is to find out more about whether or not the CEO's influence on the good or bad performance of accountants will have an impact on the company. The method used is a descriptive quantitative method with data collection techniques through interviews, observations, questionnaires and documentation of 20 companies listed on the Indonesia Stock Exchange in 2019-2022 which were selected by random sampling. The results show that CEO characteristics have an influence on company performance in detail: age has an effect of 60%, CEO tenure has an effect on 75%, educational background has an effect of 95% and CEO traits 25%.