Financial Information System Research Articles

Digital Ekonomi dan Pemberdayaan Pengelolaan Keuangan Guna Meningkatkan Pelayanan dan Kemampuan Manajerial pada SMK Muhammadiyah 3 Pekanbaru

Sekolah Menengah Kejuruan (SMK) 3 Pekanbaru city is an educational institution under the Amal Usaha Muhammadi(AUM) which equips its students with vocational training and Al-Islam Kemuhammadiyahan values. The problems faced by partners are 1) Principals' difficulties in controlling budget use because financial management is still done manually so it can impact the decision-making process 2) Services to students are not yet supported by adequate technology and information systems. From several problems that exist with partners, So service is prioritized on financial issues. The solutions offered to partners in overcoming several problems include 1) Education and empowerment of school financial management in supporting financial services, 2) Digital economy to improve services and make it easier for managers to make policies. The main output of this service is increasing the management and financial service capabilities of partners and assisting managers, especially school principals, in making decisions based on real financial data based on appropriate technology in the form of a school financial management information system at SMK Muhammadiyah 3 Pekanbaru

Developing Small Medium Enterprise of Creative Business through Digital Marketing and Financial Management Training

The rapid growth of SMEs in Indonesia over the last 5 years has also been accompanied by many MSMEs going bankrupt. However, this rapid growth of SMEs is also accompanied by many SMEs going bankrupt due to mismanagement and low competitiveness caused by a lack of financial literacy (planning, recording, and reporting finances) and a lack of adaptability to business digitalization and product promotion strategies through digital media. Similar problems were also experienced by SMEs of creative businesses in Surabaya, Indonesia. This phenomenon drives the importance of increasing competitiveness with more effective digital marketing strategies and system-based financial management through community service programs in this region. This community service consists of digital marketing and financial information systems training activities.

Menilai Kualitas Laporan Keuangan Pemerintah Daerah dari Aspek Sistem Informasi dan Pengelolaan Aset Daerah

This research aims to determine whether the regional financial management information system and regional fixed asset management have an effect on the quality of regional government financial reports in the West Bandung Regency Regional Government. The independent variable consists of regional financial management information systems and regional fixed asset management, while the dependent variable is the quality of regional government financial reports. This type of research is included in quantitative research, while the research methods used are descriptive and verification methods. The population in this study were employees of the accounting and asset recording section at SKPD in the West Bandung Regency Government. The sampling technique is non-probability sampling using purposive sampling, so the total sample is 94 people. The data analysis used in this research is multiple linear regression analysis using SPSS software. Partial and simulated research results show that leadership and work discipline influence employee performance. This study shows that there is a significant impact from the implementation of the Regional Financial Management Information System and Regional Fixed Asset Management on improving the quality of regional government financial reports.

Sistem Informasi Sentralisasi Keuangan Mingguan (Studi Kasus : GMIM Anugerah Koka, Kecamatan Tombulu)

The procedure applied to the management of weekly financial data at GMIM Anugerah Koka, Tombulu District begins with the inclusion of financial funds from the congregation, BIPRA, Column, BIPRA coloumn, Elderly to the Treasurer of the Congregation and also the management of financial data at GMIM Anugerah Koka is still done manually and when calculating data finance still uses a calculator tool. With the development of technology so that a website-base weekly centralized financial information system can be carried out. The purpose of building this website-based weekly financial centralization information system is to make it easier for the Congregational Treasurer to manage weekly finances. The system was built and developed using the waterfall method starting from analysis, design, coding or implematation, testing, operation and maintenance. This weekly financial centralization website has two entities, namely the Treasurer as a manager who can login, input, edit, delete, view, print weekly financial data while MPJ can process weekly login, view, and print financial data.

Green Financial Supervision Information System Based on Genetic Algorithm Optimization under Carbon Peaking and Carbon Neutrality Goals

Under the guidance of “carbon peaking and carbon neutrality”, “ecological priority” and “green development” have become the popular consensus, and the financial regulatory level continuously guides financial institutions to increase investment in green and low carbon projects. In the field of green financial supervision in China, due to imperfect systems and poor adaptability, financial risks are often difficult to control within a reasonable range, which has had a significant impact on financial supervision and management. This article aimed to optimize the green financial regulatory information system under the carbon peaking and carbon neutrality goals. Firstly, this article analyzed the concept and background of green finance regulation; then, an investigation was conducted on the construction of the green finance service information system, and a green finance information system supervision plan was established. Finally, data collection and analysis were conducted, and the supervision of the green finance information system was carried out using a standard genetic algorithm based on a fuzzy evaluation matrix. This article used a genetic algorithm to optimize the green financial regulatory information system, and selected 500 people to evaluate the use of the system before and after the optimization. The proportion of very satisfied people increased from 11.2% to 19.2%; the proportion of satisfied people increased from 17.2% to 37.6%; the proportion of people who were very dissatisfied decreased from 14.4% to 3.6%. The experiment in this article showed that the optimized system could operate more stably, and the process was more reasonable. The statistical analysis ability was significantly enhanced, and the functions were more comprehensive. This suggests that the system could better regulate the development of green finance.

ANALYSIS OF PLANNING, BUDGETING AND ACCOUNTING FUNCTIONS OF INTEGRATED FINANCIAL MANAGEMENT INFORMATION SYSTEMS (IFMIS) AND PUBLIC FUNDS MANAGEMENT IN THE LOCAL GOVERNMENT - THE CASE OF NYAMASHEKE DISTRICT, RWANDA

<p>The study entitled “Analysis of planning, budgeting and accounting functions of Integrated Financial Management Information Systems (IFMIS) and public funds management in the local government. Case of Nyamasheke District, Rwanda (2015-2022)” was conducted to achieve three specific objectives such as: to analyze the significance of IFMIS planning function on public fund management in Nyamasheke District, to assess the significance of IFMIS budgeting function on public fund management in Nyamasheke District and to examine the significance of IFMIS accounting function on public fund management in Nyamasheke District. To achieve study objectives, the study used descriptive, quantitative, and correlative research designs. Primary data and secondary data also were used. Primary data were collected from 152 staff in Nyamasheke district who have relation to the IFMIs use and management from different entities from district to sector level. Data collection was done using a questionnaire and documentation. Data analysis was done with the support of SPSS version 20 to generate a linear regression model and bivariate correlation model as well as descriptive statistics. The study findings show that the model had an F ratio of 42.474 and the P value was 0.000<0.000, signifying that the F ratio was statistically significant, therefore the overall regression model for all the variables tested was statistically significant and can be used for prediction at 5% significant level. This further indicates that the predictor variables (Planning (P), Budgeting (B), and Accounting (A) used in this study as IFMIS functions are statistically significant to the public fund management in Nyamasheke District. Therefore, the formulated Null Hypothesis stating that there is no significant influence of IFMIS planning, budgeting, and accounting IFMIS functions on the public fund management in Nyamasheke District, failed to be accepted in favor of the alternative hypothesis or its opposite. The conclusion of the study relies on the acceptance or failure to accept study hypothesizes. Based on the H0 or Null Hypothesis “There is no significant influence of IFMIS planning, budgeting, and accounting IFMIS functions on the performance of public fund management in Nyamasheke District” the results show that the planning, budgeting, and accounting as IFMIS functions each contribute 68% to the implementation of public funds management in the local government, case of Nyamasheke District. Due to that, the conclusion relies on the rejection of the Null Hypothesis and considers the alternative hypothesis or its opposite.</p><p> </p><p><strong>JEL: </strong>M10; M40; M41</p><p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/soc/0057/a.php" alt="Hit counter" /></p>

Integration Framework of Accounting and Auditing and its Subsequent Influence on Financial Reporting

This study aims to illustrate the profound influence that the integration and interconnection of financial accounting and auditing principles have on financial reporting and demonstrate the potential benefits of integrating financial information systems to enhance the accuracy, clarity, and usefulness of financial data. This integration is expected to contribute to more informed economic decision-making processes. A survey instrument was created consisting of three dimensions, with each dimension matching one of the research variables. The instrument was distributed to a sample population of individuals who possess expertise and practical experience in accounting and auditing. A sample size of 287 questionnaires was administered in this study. To achieve the research objectives, the study hypotheses were evaluated by conducting statistical analyses of the collected data. Furthermore, the research investigated the relationship and incorporation of the elements within the theoretical framework for global financial reporting and the principles of auditing, along with their impact on the process of financial reporting. The objective above was accomplished using several statistical methodologies, including structural equation modelling, path analysis, confirmatory factor analysis, and path derivation. In addition, longitudinal data models were developed, and regression models were estimated, incorporating autocorrelation, multiple correlations, and variance. The conceptual framework employed in the study of accounting and auditing has played a significant role in mitigating information asymmetry and promoting a greater focus on objectivity and suitability in the measuring of accounting data. The fundamental basis of this paradigm is grounded in the concepts of mixed measurement and adoption. The utilisation of historical cost and current value measures, along with the integration between the conceptual framework of accounting and the conceptual framework of auditing, play a role in promoting effective and fair financial reporting regarding the economic entity's ability to maintain its operations in the future. Furthermore, these methods serve to guarantee an adequate level of disclosure of subsequent events, thereby reducing ambiguity.

Effect of Integrated Financial Management Information System on Revenue Collection in County Governments in Kenya: The Case of Nairobi County

The devolved governments were established with the expectation that County Governments would collect their own Revenue and as such reduce dependency on the central Government to meet their recurrent and development needs. Records show that Nairobi County is the richest County with a Gross Domestic Product (GDP) of 27.5%.Despite this, revenue collection in Nairobi County has been minimal such that to get sufficient funds to meet expenditure like salaries and many others has been a concern. Consequently, this study sought to investigate the effect of integrated financial system on revenue collection at Nairobi County, Kenya. Further, explanatory survey research design was adopted and the population of the study comprised of the 150 management staffers working at Nairobi County and who directly used IFMIS in the management of funds. Consequently, simple random sampling procedure was used to access 107 staff from Nairobi County. Secondary data to access data on revenue collection in Nairobi County augmented by primary data from questionnaires were collected from the respondents and those instruments were computed through the Cronbach Coefficient Alpha formula to tests their reliability and the piloted results show an acceptable reliability index for all variables that are a>0.7. On the other hand, experts from JKUAT determined the validity of the instruments by examining the content of the instruments and consequently advised the researcher appropriately. Quantitative data was analyzed using descriptive analysis in form of percentages, frequencies and means while inferential statistics in the form of Pearson’s correlations and linear regression were done to test the hypotheses. The study found that while the county had a clear budgeting policy through IFMIS, the policy was only on paper and not effectively implemented which had negatively affected revenue collection at Nairobi City County. Also, ineffective internal control and records management done through IFMIS has a negative effect on revenue collection in Nairobi County Government. However, financial reporting via IFMIS has had a positive effect on revenue collection as in Nairobi County. The study thus recommends that the County Government of Nairobi in conjunction with National Treasury should initiate a robust review of the IFMIS system to ensure that it is improved if it is to meet the budgeting, internal control, financial reporting and records management requirements for effective revenue collection. 

Politics of fiscal discipline: counter-conducting the World Bank's public financial management reforms

PurposeThe World Bank-sponsored public financial management reforms attempt to instil fiscal discipline through techno-managerial packages. Taking Ghana's integrated financial management information system (IFMIS) as a case, this paper explores how and why local actors engaged in counter-conduct against these reforms.Design/methodology/approachInterviews, observations and documentary analyses on the operationalisation of IFMIS constitute this paper's empirical basis. Theoretically, the paper draws on Foucauldian notions of governmentality and counter-conduct.FindingsEmpirics demonstrate how and why politicians and bureaucrats enacted ways of escaping, evading and subverting IFMIS's disciplinary regime. Politicians found the new accounting regime too constraining to their electoral and patronage politics and, therefore, enacted counter-conduct around the notion of political exigencies, creating expansionary fiscal conditions which the World Bank tried to mitigate through IFMIS. Perceiving the new regime as subverting their bureaucratic identity and influence, bureaucrats counter-conducted reforms through questioning, critiquing and rhetorical venting. Notably, the patronage politics of appropriating wealth and power underpins both these political and bureaucratic counter-conducts.Originality/valueThis study contributes to the critical accounting understanding of global public financial management reform failures by offering new empirical and theoretical insights as to how and why politicians and bureaucrats who are supposed to own and implement them nullify the global governmentality intentions of fiscal disciplining through subdued forms of resistance.

The impression of information system internalization on the sustainability of the quality of financial reports and their impact on local government performance

This study discusses a research gap concerning the incorporation of information technology in regional financial management. Specifically, it examines the factors influencing the implementation of information technology, including coercive, mimetic, and normative pressures, and their effects on the performance of regional financial management in the city of Palu. This research employs a quantitative approach. The utilization of a quantitative approach in this study can offer a suitable implementation model for all local governments to establish sustainable performance alignment. The participants in this study consisted of individuals who utilised the regional financial information system for all local government agencies in the city of Palu, as well as the heads of these government agencies. Questionnaires were distributed to the intended respondents online via the Google Form application, so that 81 responses were obtained from users of the regional financial information system in all agencies in the city of Palu and heads of agencies. The analysis tool used is the structural equation model with the help of WarpPLS 7.0 software. The results of the study show that coercive and normative pressure can affect the success of information technology implementation in local government environments. Institutionalization of information technology within the local government environment can improve the performance of regional financial management.

An Assessment of the Utilisation of IPPIS and GIFMIS as Modes of Payments in Tertiary Educational Institutions in Ogun State, Nigeria

The study aassessed the utilisation of Integrated Payroll and Personnel Information System (IPPIS) and Government Integrated Financial Management and Information System (GIFMIS) as modes of payments in Tertiary Educational institutions in Ogun State, Nigeria with the objectives of investigating the level of awareness of end users on the new government payment policies, and also to determine the relevance of the policies, identify their problems and proffer solutions. The theoretical framework for this study was based on realistic evaluation, a form of theory-based evaluation developed by Pawson and Tilley (1997, 2006), that showcased that outcomes of policies equals mechanism plus concept. Primary data was gathered via close-ended questionnaires. Descriptive statistical tools such as frequencies, percentages in cross tabulations were utilized in analyzing the responses to the questionnaire items. Findings from the study revealed that majority of the respondents have knowledge of the meaning of IPPIS and GIFMIS, and they see the policies as a much needed change in the federal government payment system. Though for now, they delay access to overhead allocations and its utilization, workload seems repetitive and complicated, they debar research donors, make reconciliation of accounts cumbersome, discourage innovations of intellectual properties in Tertiary Educational Institutions, delay contractors payment due to weak communication signals, and seen to be used as a tool to silence unionism, among other findings. It was concluded that contrary to majority belief and apriori expectations, introduction of these policies, though relevant (centralization of government funds) may not curb corruption in federal government financial system, but it will rather get it re-directed elsewhere unless the needful are done. It was therefore recommended that for the policies to work economically, effectively and efficiently there should be timely release of research funds for tertiary educational institutions without sabotage. Adequate monitoring and supervision for checks and balances of the Ministries/Departments/Agencies (MDAs) for effective achievement of the objectives of the new policies are paramount. Furthermore, the new policies should be administered alongside good governance which entails accountability, transparency and probity to ensure adequate and prompt payments to those entitled.

Cybersecurity in Lesotho: Current Challenges and Future Opportunities

The rapid growth of digital technologies has transformed the world, enabling new opportunities while also introducing new security risks. Lesotho, like many other countries, faces a range of cybersecurity challenges that threaten the integrity of its information systems, data, and critical infrastructure. This paper provides an overview of the current state of cybersecurity in Lesotho, including the challenges faced by the country and the opportunities for improvement. One prominent cybersecurity concern is the persistent targeting of critical government systems, with a particular focus on the IFMIS (Integrated Financial Management Information System) within the Finance Ministry. This paper examines the vulnerabilities and risks associated with the IFMIS system and analyzes past cyberattacks, such as the successful breach on September 26, 2020, orchestrated by an insider within the Finance Ministry's IFMIS team. It also takes into account a recent attack on the IFMIS system that was encrypted by an unknown entity while synchronizing the backups, highlighting the ongoing threats. The paper reviews the regulatory framework for cybersecurity in Lesotho, the state of cybercrime and cyber threats, and the existing efforts to address these challenges. The paper also proposes a set of recommendations for enhancing cybersecurity in Lesotho, including measures to secure critical government systems like IFMIS to protect against future cyber threats and data breaches.

Integrated Financial Management Information System and the Quality of Financial Reports Among Government Institutions in Kenya

The use of Integrated Financial Management Information System among the Government institutions in Kenya is crucial in improving the management of accounting and financial reporting data so as to enhance efficiency and effectiveness in government institutions financial reporting processes. This research study was set to establish the effect of integrated financial management information system on quality financial reporting. The research targets a population of 68 government institutions (47 county government and 21 ministries) in Kenya who were purposively selected as the Integrated Financial Management Information System users and also forming the unit of analysis for the study. The primary data was collected through the use of questionnaires and then the data was analyzed using multiple regression model and descriptive statistics where the study made use of STATA software version 12 application to examine the relationship of the predictor and response variables. The study established that electronic budgeting and automated cash management positively and significantly influence the quality of financial reporting among the government institutions in Kenya. The study further establishes that electronic procurement and automated financial reporting positively and insignificantly influences the quality of financial reporting among the government institutions in Kenya.

Web-Based Church Financial Information System (Case Study of the Congregation of the Indonesian Protestant Church in Papua Irene Blorep-Merauke)

The church as a non-profit organization must also make financial reports that are accountable and report to users of church financial reports, namely the congregation which is the main source of church income. However, in managing the finances of GPI Papua Irene Blorep, there are often record discrepancies, delays in preparing reports, and discrepancies in report writing formats, causing the financial audit process to often experience difficulties. This study aims to build a web-based church financial information system that can assist treasurers and BPPG in managing finances. In this study, several stages were collected, namely data collection using literature study methods, interviews, and observations, and system development using the Waterfal model, namely analysis, design, coding, and testing. The results of this study are a Web-Based Ecclesiastical Financial Information System that can assist treasurers in managing church finances such as income and expenditure budget plans, financial transaction journals, and financial reports. This research also assists BPPG in examining the management of church finances.

Implementing Accrual-Based SAP and Promoting Good Financial Governance More Effectively in South Buton Regency

This research aims to see the effect of expertise and motivation on the users performance of regional financial management information system either partially or simultaneously in the South Buton Regency Government. The type of research used is associative research. The population in this research amounted to 34 regional agencies in the South Buton Regency Government and the number of research samples was 102 people who were regional financial management information system users. The data source of this research is primary data using research instruments in the form of questionnaires. The data collection method used conducting a survey. The gathered data were analyzed by using multiple linear regression tests for analytical analysis which had been tested by using classic assumption. The results of the research showed that, partially, expertise and motivation had positive and significant influence on the users performance of regional financial management information system. Simultaneously testing showed that expertise and motivation had significant influence on the users performance of regional financial management information system.

Analisis Pengaruh Kompetensi Aparatur Desa, Partisipasi Masyarakat, Komitmen Organisasi dan Penerapan Sistem informasi Keuangan Desa terhadap Akuntabilitas Pengelolaan Dana Desa:


 The purpose of this study was to analyze the influence of village apparatus competence, community participation, organizational commitment and implementation of financial information systems on village fund management accountability. Methods of data collection using a questionnaire. The total sample for the study was 116 respondents in Galela sub-district, North Halmahera district in 2023. The analytical tool used was multiple linear regression using SPSS. The results showed that the competence of village apparatus, community participation did not affect the accountability of managing village funds, while organizational commitment, application of village financial information systems had an effect on accountability in managing village funds.
 Keywords: competence of village apparatus, community participation, organizational commitment, application of village financial information systems, accountability of village fund management.

Use of the Codeigniter Framework in the Design and Development of the Balance Sheet-Based "Sikmajo" Financial Information System.

Sikmajo is an online store that provides a place for users to buy and trade the products they want to trade. Currently, sikmajo does not yet have a good financial reporting system. By utilizing the codeigniter framework to design the application design to simplify and speed up the manufacturing process. Model, View, and Controller, or what is often called (MVC) is one of the supporters of making applications. The implementation of the Balance Sheet system in the Sikmajo online store is used for financial reporting. The purpose of this research is to provide convenience in the process of inputting income and expenditure data, helping speed up the performance of the finance department, and improving accuracy in financial reporting. With this system, it is hoped that it will make work easier for people. So that online business processes will develop rapidly. This study examines the development of a web-based Financial Information System by utilizing the CodeIgniter Framework. Especially in accurate and efficient financial management. The CodeIgniter framework was chosen as the basis for the development of this system because it provides an organized work structure with the Model-View-Controller (MVC) pattern and has security features that are able to protect the integrity of data and financial information. In testing this system, the author uses the Black Box method to ensure that the system functions and output are as expected. This system provides solutions for companies to overcome financial management problems and has the potential to increase operational efficiency and effectiveness.

Retracted: Design of University Financial Information System Based on Data Mining Technology and IoT

Retracted: Design of University Financial Information System Based on Data Mining Technology and IoT

Enhancing Transparency and Accountability: Mosque Financial Information Systems at the Great Mosque of Sidoarjo

This qualitative research study investigates the role of a financial information system in promoting transparency and accountability within the takmir of the Great Mosque of Sidoarjo. Employing a descriptive research approach, data was gathered through surveys, interviews, and observations. The results demonstrate that the implementation of financial information systems effectively enhances transparency and accountability in managing finances for non-profit entities. Notably, the mosque's website facilitates the creation of financial reports, serving as evidence of financial accountability. Moreover, the open access to financial information Highlight: Efficient Financial Reporting: The mosque's website streamlines financial reporting processes, promoting transparency. Open Access Information: The study underscores the significance of open access to financial information on the mosque's information board. Enhanced Accountability: The research reveals how financial information systems contribute to improved accountability within non-profit entities. Keywords: Mosque, Financial Information System, Transparency, Accountability, Non-profit Entities

Pengaruh Sistem Pengelolaan Dana Kelurahan Dan Sistem Informasi Pengelolaan Keuangan Daerah Terhadap Kualitas Laporan Keuangan Dimediasi Akuntabilitas

The purpose of this study was to find out, test and prove the effect of village fund management and regional financial management information systems on the quality of financial reports with accountability. The research method used is quantitative method and uses primary data by distributing questionnaires. The research sample used the Slovin Formula and had a population of 104 respondents, namely village officials from 3 subdistricts in Surabaya, namely Sambikerep Subdistrict, Tandes Subdistrict and Pakal Subdistrict, so that the sample of this study was 70 respondents. The data analysis technique used in this research uses Partial Least Square (PLS). The results of this study indicate that the Village Fund Management shows no significant results on the Quality of Financial Reports, the Regional Financial Management Information System shows that it has no significant effect on the quality of financial reports, the regional financial management information system shows a significant influence on accountability, and accountability has a significant effect on the quality of financial reports.
 Keywords: Urban Village Fund Management, Regional Financial Management Information System, Quality of Financial Statements and Accountability