Financial Management Capability Research Articles

Capacity Building for Ubi Cilembu Roasted Sweet Potato Small and Medium Enterprises (SMEs) Community at Warung Salapan, Bandung, Through Accounting Information System 'SI APIK' and 'Green Accounting' to Support Sustainable Business

Cilembu Sweet Potato Roastery at Warung Salapan Bandung. Small and medium-sized enterprises (SMEs) operating in the culinary sector often encounter challenges in financial management due to the continued use of manual methods for financial record-keeping. Furthermore, environmental considerations are of paramount importance in this business, given that Cilembu Sweet Potato is the primary ingredient in the culinary products produced, and effective waste management is crucial for sustaining this business. The objective of this Community Service Activity (PKM) is to enhance financial management capabilities through the use of an Accounting Information System. Additionally, providing insights into green accounting can contribute to raising environmental awareness and responsibility among SME stakeholders, thus aiding in the reduction of the environmental impact resulting from business activities while promoting sustainable SMEs. This Community Service Activity offers various methods and approaches to address these issues. These include training sessions, which equip SME stakeholders with knowledge of green accounting and enhance their proficiency in the 'SI APIK' Accounting Information System. The outcomes of this activity reflect its positive contribution to supporting sustainable SME growth and promoting environmental awareness in Warung Salapan Bandung. It also empowers SME owners to manage their businesses more effectively. Additionally, it leads to increased empowerment of partners, higher revenues for partners engaged in the economic sector, and improved understanding and skills within the community.

Dynamic Capabilities and Competitive Advantage of Deposit Taking Savings and Credit Cooperative Societies in Nairobi City County, Kenya

Despite providing financial support and access to over 48% of the adult population and 82% of small enterprises in Kenya, Deposit Taking Savings and Credit Cooperatives faced intense competition from other financial institutions, leading to reduced competitiveness. The general objective of the study was to investigate the effect of dynamic capabilities on the competitive advantage of Deposit Taking Savings and Credit Cooperatives in Nairobi City County, Kenya. The specific objectives were to explore the effect of marketing capability, knowledge management capability, technological innovation capability, financial management capability on the competitive advantage of Deposit Taking Savings and Credit Cooperatives in Nairobi City County, Kenya. The study was grounded in Marketing Mix Theory, Knowledge-Based Theory, Technology Acceptance Theory, Resource-Based Theory, Dynamic Capabilities Theory, and Competitive Advantage Theory. It employed a descriptive research design, with a target population of 47 Deposit Taking Savings and Credit Cooperatives operating in Nairobi City County. The units of observation included 384 top and middle-level management staff in key departments. The study used a stratefied random sampling for sampling, involving all 47 Deposit Taking Savings and Credit Cooperatives in Nairobi. Additionally, a sample of 196 top and middle management staff was selected using the Yamane Formula. A structured survey tool was utilized for gathering data. Secondary data on competitive advantage was sourced from published articles, referred journals, and other relevant materials. The data gathered included both quantitative and qualitative elements, analyzed descriptively and inferentially, with averages, frequencies, and percentages serving as useful metrics. Qualitative data was analyzed using content analysis and presented in narrative form. The relationships between variables were examined through regression analysis, with tables used to summarize responses. The study analyzed the response rate to understand the participation and engagement level of 196 respondents in a sample of Deposit Taking SACCOs, consisting of 55 senior managers and 141 middle-level managers. The overall response rate was 94.4%, with senior managers returning 90.9% of questionnaires and middle-level managers returning 95.7%. The regression analysis showed that marketing capability, knowledge management capability, technological innovation capability, and financial management capability had a significant positive impact on the competitive advantage of Deposit Taking SACCOs in Nairobi City County. These capabilities contributed to competitive advantage through various factors, such as market expansion, communication efficiency, and financial stability. Recommendations for SACCOs included developing strong marketing strategies, implementing knowledge management systems, investing in robust technology, and enhancing financial management practices. Suggestions for future studies encouraged further exploration of dynamic capabilities and competitive advantages in SACCOs, as well as other financial institutions in Kenya.

Financial Risk Analysis in the Operation of Sports Events from a Commercial Perspective

With the acceleration of globalization, the sports industry has shown vigorous development momentum under the precise efforts of recent policies, gradually entering a new golden period of development. Various international sports events have flourished, becoming an important force in promoting the development of the global sports industry. Organizers of commercialized international sports events, as independent economic entities responsible for their own profits and losses, bear the important mission of promoting the development of the sports industry and enhancing international influence. They face risks and challenges from political, economic, cultural, and other aspects, while also being vigilant against the potential threats of financial risks. To meet these challenges, organizers must continually improve their financial management capabilities, strengthen risk assessment and prevention, to ensure the smooth progress of the event and the maximization of economic benefits. Only in this way can commercialized international sports events stand undefeated in the fierce market competition and contribute to the continuous and healthy development of the sports industry.

An integrated methodology for enterprise financial management capability evaluation based on EDAS technique and group decision making

The financial management capability of enterprises, as an important component of their soft power, has a decisive impact on the success or failure of their operations. In the increasingly fierce market competition, enterprises must continuously improve their financial management capabilities in order to ensure efficient operation and achieve better economic benefits. Insufficient financial management capabilities in enterprises can seriously affect the stability of production and operation, hinder the realization of profits, and hinder the long-term development of enterprises. In order to better improve the financial management level of enterprises and promote the standardization of financial management, it is necessary to use scientific techniques to evaluate the financial management ability of enterprises, so as to accurately grasp the key links in the financial management process of enterprises and implement targeted effective measures. The enterprise financial management capability evaluation is a classical multiple attribute group decision making (MAGDM). In recent years, the MAGDM problem has become an important research field in modern decision science. This paper extends the EDAS technique to the 2-tuple linguistic Pythagorean fuzzy sets (2TLPFSs). On the basis of the original EDAS technique, 2-tuple linguistic Pythagorean fuzzy number EDAS (2TLPFN-EDAS) technique based on cosine similarity measure (CSM) and Hamming distances is managed for MAGDM. Finally, a case study for enterprise financial management capability evaluation and some comparative analysis with the other techniques show that the new technique proposed in this paper is effective, reasonable and accurate. The main contribution of the paper is summarized: (1) the 2TLPFN-EDAS technique based on CSM and Hamming distances is managed for MAGDM under 2TLPFSs; (2) The entropy is employed to manage the attribute weight based on cosine similarity measure(CSM) and Hamming distances under 2TLPFSs; (3) the 2TLPFN-EDAS technique is employed for enterprise financial management capability evaluation and were compared with some existing techniques; (4) Through the comparison, it is found that 2TLPFN-EDAS technique for enterprise financial management capability evaluation proposed are effective.

Financial Performance Evaluation of Top Universities Following the Mergers

This study adopted FRA to examine the impacts of merger on financial performance of two post-merger top universities in Taiwan from 2012 to 2021. This study shows that Taiwan’s top universities are not outstanding in terms of financial management capabilities, including the ability to control costs well, utilize assets efficiently, and maintain good financial stability. Moreover, the merger of top universities may not improve the financial management capabilities of the post-merger university, and may even worsen its financial stability. Ignoring the financial management capabilities of universities, the policy of concentrating resources on developing top universities and even encouraging the merger of top universities to quickly enhance their competitiveness may not bring the expected results, but may lead to the deterioration of the financial soundness of universities and even the country. In view of this, this paper calls on higher education policy makers and university managers to pay more attention to the financial management capabilities and financial performance of universities, especially cost control, resource utilization efficiency, and financial stability, while pursuing innovative development and high competitiveness. Only in this way can it be possible to ensure the competitiveness improvement and the long-term sustainable development of the top universities and the country.

Impact of Womens Financial Inclusion and Financial Attitude on their Financial Well-Being

This study is designed to investigate the impact of women’s financial inclusion and financial attitude on their financial well-being. To determine the sample size, we consider the convenience sampling technique. In this study, we used causal and quantitative research methodologies and collected data from women respondents through a survey and a structured questionnaire method. As a part of the study, 227 responses were collected from women participants. In order to analyse the responses used, exploratory factor analysis, confirmatory factor analysis and structural equation modelling techniques. The finding shows that women’s financial inclusion and financial attitude positively and significantly influence their financial well-being. In the implication of the study policymakers, and government authorities upsurge the financial well-being of women by ensuring their proper access to appropriate financial products and services and improving their financial management capabilities and skills. This study will be very helpful in the sustainable and inclusive development of women and their empowerment.

Construction and validation of a financial risk prediction model for e-commerce enterprises oriented to financial sharing

Abstract Relying on advanced technology, the financial shared management model realizes a breakthrough for the enhancement of enterprise financial management capability, and provides effective support for enterprise decision makers while mining financial risks. In this paper, the support vector machine algorithm (SVM) is used to construct a financial risk prediction model for e-commerce enterprises, and the radial basis kernel function (RBF) is selected among various kernel functions to enhance the discriminative ability of SVM. At the same time, the particle swarm algorithm (PSO) is introduced to optimize parameter γ and penalty factor C of the RBF kernel function, and the PSO-SVM fusion model is constructed, so as to improve the prediction accuracy of the e-commerce enterprise financial risk prediction model. After the experimental analysis of this paper on the various capabilities of enterprise financial management, it is found that the operating cash flow ratio of the e-commerce enterprise is less than 40% in 2017-2021, and reaches a minimum of 3% in 2020, which indicates that the Z e-commerce enterprise has insufficient ability to raise debt to operate, which may cause problems such as a decrease in the rate of return on assets. In addition, the cash flow of the e-commerce enterprise is highly variable, and the cash outflow from operating activities is significantly higher than the cash inflow in 2020, resulting in a negative net inflow of −111,451,575,000 yuan. It indicates that the Z e-commerce enterprise has a low degree of control over cash flow, and there is a financial risk of a sudden break in the capital chain. Therefore, the risk prediction model constructed in this paper can uncover potential hidden financial dangers and risks by analyzing the financial data of e-commerce enterprises.

Optimization analysis of blockchain technology in enterprise digital financial management

Abstract The rise of mobile Internet has not only changed the business model of many enterprises, but also had a profound impact on the financial management model of enterprises. Based on this, this paper applies blockchain technology to enterprise financial management, using decision trees and information entropy alignment to optimize and promote its digital transformation. Regarding optimizing financial management processes, blockchain technology converts the enterprise’s financial management data into a distributed ledger. It integrates it with information entropy to create a digital financial data decision tree. This paper takes enterprise A as the research object, after optimizing the financial management process with blockchain technology, enterprise A’s financing ability is enhanced, and the current ratio as a whole maintains an upward state, reaching a maximum value of 0.86 in 2021, and then it has been maintained at about 0.8, indicating that the optimized short-term solvency capacity has been significantly improved. The total debt amount of enterprises is decreasing yearly, falling to 35.26 billion yuan in 2023. The amount of owners’ equity has shown an upward trend and has remained at a high level of 25 billion yuan since 2021. Therefore, blockchain technology strengthens the financial management capabilities of enterprises and explores a feasible path to reduce investment risks.

PELATIHAN SISTEM INFORMASI ADMINISTRASI KEUANGAN PADA KOPERASI WANITA MIFTAHUL JANNAH DI KABUPATEN TULUNGAGUNG

Miftahul Jannah Women's Corporation in Tulungagung District, as a representative of micro-enterprises at the local level, faces various challenges in managing financial administration. Lack of knowledge of financial administration information systems is a major obstacle to improving the efficiency and transparency of co-operative financial management. Therefore, there is a need to train the financial administration information system to empower cooperatives and improve competitiveness. Training the financial management information system is a strategic solution to overcome the obstacles faced by the Miftahul Jannah Women's Corporation. Through a participatory approach, participants are involved in an understanding of the basic concepts of financial information technology, the use of financial software, and practical applications in a cooperative context. This approach is designed to accommodate a diverse level of digital literacy among participants. The training is designed with structured phases, including theory exposure, practical demonstration, and simulation training sessions. After the training, there was a significant improvement in the participants' ability to manage the co-operative financial administration. They are able to use financial software smoothly, compile accurate financial reports, and make better financial decisions. Positive impacts are also seen in increased transparency, accountability, and confidence among co-operative members. This training not only benefits the operational level of cooperatives but also empowers the economy of micro-enterprises in the region. With increased financial management capabilities, cooperatives can be more effective in managing resources, increasing production, and expanding market share. This empowerment contributes to local economic growth and improved welfare of co-operative members.

Financial Management Capabilities and Demographic Characteristics on Sustainable Sales Growth of Selected Small and Medium Enterprises (MSMEs) in Nigeria

This study measured the relationship between of financial management capabilities and sustainable sales growth of selected small and medium enterprises using demographic characteristics as a mediating variable. Explanatory survey was used as a research design. The population of the study was 2465 registered Medium and Small Scale Enterprises (MSMEs) in Small and Medium Development Agency of Nigeria (Ogun State Chapter). The determined sample size of study was 288 copies of questionnaire validly retrieved from owners and managers of MSMEs and used for the analysis. Both descriptive and correlation analyses were employed for the test of the hypothesis through Statistical Package for Social Sciences (SPSS) software 22. The study revealed that MSMEs that are supposed to contribute to Gross Domestic Products of the state are collapsing due to lack of useful financial management capabilities (financial planning, financial forecasting, financial budgeting, & financial auditing and controlling) because of their business size and nature. The study concluded that MSMEs in food, agro-allied and services need to establish strong financial management capabilities to enhance their relevance, survival and growth in Ogun State. The study recommended that policy makers in Nigeria should embark on policy implementation that provides better and easier financial succour and empower MSME owners and managers to reduce the collapse of MSMEs in Ogun State.

Utilizing interactive visual multimedia to improve business capabilities and financial management competencies of women vegetable farmers

ABSTRACT This study examined the usefulness of interactive visual multimedia in improving business capabilities and financial management competencies of women vegetable farmers. The researchers utilized a quasi-experimental design and assigned participants to a training group (n = 270) and a no-training group (n-270). The result of the study showed a significant main effect of interactive visual multimedia and business capabilities and financial management competencies of women vegetable farmers. Additional results showed no interactive effect of cultivation characteristics such as the source of labour, farm size, years of cultivation and the season for vegetable cultivation. However, there was a significant contributing role of reason for the cultivation of vegetables. Women farmers who cultivate for commercial purposes were more influenced by the training than those who cultivate for consumption. Nonetheless, the training influenced 54% of those who cultivate vegetables for consumption to indicate their intention to commence commercial cultivation. When asked to indicate the pedagogical agents that influence the learning of business and financial management capabilities, 76% indicated a combination of co-learners and tutors. The researchers highlighted the implications of these results on empowerment and made suggestions on how to empower women farmers through skill acquisition using interactive learning engagements.

Analysis of the integration development of enterprise refinement management and financial integration in the context of informationization

Abstract In the background of economic informationization, the integration and development of enterprise refinement management and financial integration have become the mainstream management direction of modern enterprise management. In this paper, the correlation function and judgment matrix are firstly determined by the entropy-weighted elementary topologizable evaluation model, while the initial judgment matrix V is standardized, and the differences in the correlation degree of indicators of different natures should be noted. The entropy power method is applied to calculate the change of relevant evaluation indexes, and the value of information utility in the evaluation system is determined through the change of entropy value. Then the initial data are obtained by means of questionnaires, and data analysis is performed on the first-level indicators in the evaluation system of enterprise financial management capability. The results show that the three indicators of financial risk control capability, financial management informationization level and financial personnel capability, and total budget management level have more room for improvement, but the score of financial risk control capability is only 5.04 points different from the total score, indicating that the specific situation of the enterprise itself for specific analysis. This study improves the level of financial management of enterprises and promotes their development of enterprises.

Assessing drivers of implementing "Scaling-up the Systems Analysis and Improvement Approach" for Prevention of Mother-to-Child HIV Transmission in Mozambique (SAIA-SCALE) over implementation waves.

The Systems Analysis and Improvement Approach (SAIA) is an evidence-based package of systems engineering tools originally designed to improve patient flow through the prevention of Mother-to-Child transmission of HIV (PMTCT) cascade. SAIA is a potentially scalable model for maximizing the benefits of universal antiretroviral therapy (ART) for mothers and their babies. SAIA-SCALE was a stepped wedge trial implemented in Manica Province, Mozambique, to evaluate SAIA's effectiveness when led by district health managers, rather than by study nurses. We present the results of a qualitative assessment of implementation determinants of the SAIA-SCALE strategy during two intensive and one maintenance phases. We used an extended case study design that embedded the Consolidated Framework for Implementation Research (CFIR) to guide data collection, analysis, and interpretation. From March 2019 to April 2020, we conducted in-depth individual interviews (IDIs) and focus group discussions (FGDs) with district managers, health facility maternal and child health (MCH) managers, and frontline nurses at 21 health facilities and seven districts of Manica Province (Chimoio, Báruè, Gondola, Macate, Manica, Sussundenga, and Vanduzi). We included 85 participants: 50 through IDIs and 35 from three FGDs. Most study participants were women (98%), frontline nurses (49.4%), and MCH health facility managers (32.5%). An identified facilitator of successful intervention implementation (regardless of intervention phase) was related to SAIA's compatibility with organizational structures, processes, and priorities of Mozambique's health system at the district and health facility levels. Identified barriers to successful implementation included (a) inadequate health facility and road infrastructure preventing mothers from accessing MCH/PMTCT services at study health facilities and preventing nurses from dedicating time to improving service provision, and (b) challenges in managing intervention funds. The SAIA-SCALE qualitative evaluation suggests that the scalability of SAIA for PMTCT is enhanced by its fit within organizational structures, processes, and priorities at the primary level of healthcare delivery and health system management in Mozambique. Barriers to implementation that impact the scalability of SAIA include district-level financial management capabilities and lack of infrastructure at the health facility level. SAIA cannot be successfully scaled up to adequately address PMTCT needs without leveraging central-level resources and priorities. ClinicalTrials.gov, NCT03425136 . Registered on 02/06/2018.

Implementasi Praktik Pembukuan Akuntansi Bagi Nelayan di Desa Huangobotu

The community service activities held in the KKN-integrated MBKM have the aim of providing education for fishermen groups in the village of Huangobatu, Kabila Bone District, Bone Bolango Regency. As a coastal area in the Tomini Bay area, this community service activity carries out sustainable financial management of fishery resources and supports capacity building. Through field observations that the servants did, the methods used during the process of community service activities were: 1) Lectures, 2) Discussion of Questions and Answers, 3) Practice through Example Questions. The results of this KKN activity show that fishermen can further improve their financial management capabilities so that they can better manage their household finances and help increase family income.

Financial report preparation training to increase human resource capacity at BUMDes Tamantirto Kasihan Bantul

This community service program is motivated by empirical facts that the management and preparation of financial reports are not in accordance with standard accounting financial reporting standards at BUMDes Taman Karya Menunggal Tamantirto, Kasihan, Bantul. There is a need to increase the capacity of human resources (HR) in BUMDes, especially in financial management capabilities. The purpose of this activity is to increase HR capacity in terms of financial reporting and company services owned by Tamantirto Village. The methods used were (1) focus group discussions with BUMDes Taman Karya Manunggal, (2) Training on making BUMDes financial reports, and (3) providing tools for preparing financial reports. The result of this activity was an increase in participants' understanding of 80% regarding the importance of BUMDes financial management and financial reports. In addition, there is also an 85% increase in knowledge of making a financial management system.

Asymmetric financial support and risk of non-repayment of bank loans: An analysis in the CEMAC context

The aim of this article is to determine the factors contributing to the increase in the risk of non-repayment of bank loans in financing relationships in the Central African Economic and Monetary Community (CEMAC) zone. Analysis of data from reports by the Central African Banking Commission (COBAC) has established these various factors. A summary of the analyses reveals that the presence of information asymmetry in the relationship leads the bank and the company to give priority to personal interests (Mbama, 2022). The proposed solution encourages both parties to promote reciprocal and benevolent behaviour in order to create mutual trust in the relationship and reduce the existing information asymmetry. Overall, solving the problem of loan default requires a multi-faceted approach (Porretta et al., 2020). This involves raising collective awareness, improving the regulatory framework, strengthening the financial management capabilities of businesses, and introducing more effective risk control systems by banks (Hertouch & Achibane, 2020). By taking these measures, it is possible to create a more favourable environment for businesses to prosper and contribute to the sub-region’s economic development.

A Study on Influencing Factors towards Online Financial Management Ability among College Students in Guangzhou

With today's rapid expansion of online financial services, college students' online financial management awareness is rapidly improving, as citizens' financial management awareness gradually improves. The purpose of this study is to examine network financial management ability, with the goal of investigating the financial management ability development of college students in the Internet field of vision. College students' network financial management capabilities should include network financial management concepts, network financial ethics, network financial management knowledge, and network financial execution ability, based on a comprehensive perspective of financial management, finance, pedagogy, statistics, and other disciplines, after consulting relevant materials and drawing on the opinions of relevant scholars. And a financial risk control system for the network. Based on the theories used are Cognitive Learning Theory (CLT), perceived risk, financial management theory, Quality Development Theory and Platform Economic Theory, the author conducted a questionnaire survey in certain colleges and universities in Guangzhou, Guangdong Province. The questionnaire's survey objects, as well as the scores for each question, are sorted and examined. Using data analysis shows the current state of network financial management principles, network financial management ethics, network financial management knowledge, network financial execution power, and network financial risk control among college students.

Optimalisasi Pemberdayaan Pelaku UMKM Melalui Edukasi Literasi Keuangan

The article provides financial management learning assistance to improve the financial management capabilities of Small and Medium Enterprises (UMKM). This research uses a descriptive method. Three activities in conducting this research; introduction, mentoring and evaluation. As for this research method includes: the preparation stage which consists of observation, interviews with village heads, delivery of materials, and material counseling, implementation stage consists of the implementation of seminar activities initiated by the approach and assistance to business actors, the evaluation stage of the evaluation of activities that have been carried out have been done. The results of the activity showed that the ability of the learning mentoring participants increased after this community service activity was held.

Pentingnya Perencanaan Keuangan bagi Pelaku Usaha Mikro Kecil dan Menengah di Desa Tiwulandu, Brebes

Financial management ability in terms of financial planning is one of the abilities that must be possessed by Micro, Small and Medium Enterprises (MSMEs) by increasing their financial planning knowledge. The existence of good financial management capabilities can carry out effective, efficient, and useful financial planning, so that business actors are expected to increase the level of welfare in running their business. This community service activity is carried out with the aim that MSME actors have good financial planning knowledge. This community service activity uses the method of material presentation, discussion and question and answer. The result of this activity is that business actors can carry out financial planning on their business activities. By having good financial planning knowledge, business actors in Tiwulandu Village, Brebes are expected to be more advanced, smooth, and prosperous in running their businesses.

Current Situation and Problems of College Students’ Financial Management in the Era of Internet Finance and the Countermeasures

With the rapid development of information technology, internet financial products have been continuously launched, and many college students have joined the internet financial team. By investigating the current situation of college students’ financial management, this study found several problems and deficiencies in college students’ financial management and proposed countermeasures to these problems for colleges and universities to cultivate students’ internet financial literacy as well as guide them to establish the correct concept of financial management under the internet financial environment, learn financial management knowledge, improve financial management capabilities and risk awareness, as well as choose appropriate internet financial management products.