Financial Management Competencies Research Articles

Management competency among head nurses at general hospitals in Ben Tre province in 2023

Objectives: Determine the level of management competency among head nurses and related factors at Ben Tre General Hospitals in 2023. Research participants and methods: A cross-sectional description with analysis on 50 Head Nurses using the Chase Nursing Management Competency questionnaire. Results: Head nurses self-assess their management competency on a 4-point Likert scale in 5 areas: professional, technical (3.4.± 0.4), human resource management (3.1 ± 0.4), thinking (3.1 ± 0.5), leadership (3.1 ± 0.4) and financial management (2.9 ± 0.6). Related factors with statistical significance include professional qualifications, management qualifications, time in charge of management, number of beds in the department, and number of nurses in the department. Conclusion: Professional and technical competencies are self-assessed by the head nurses as having the ability to be applied with the most confidence, and financial management competencies are the competencies that can be applied and implemented with the least confidence. Factors: qualifications and time in charge of management are related factors with statistical significance. Therefore, hospitals need to prioritize training, fostering, and updating professional and management knowledge for head nurses to improve the efficiency of patient care and management.

Analysis of Optimizing MSME Profits Through Financial Management Competence in Tarakan City

Purpose his research aims to measure the extent of financial management competence possessed by MSME players, including Education and Training, Legal Compliance, Partnerships, and Networks, as well as the Application of Digital Technology in optimizing their profits. Methodology The research method used by researchers is quantitative. This research was conducted on 100 MSMEs in Tarakan City. Data collection was carried out using a structured questionnaire. The sampling technique used in this research was simple random sampling. The data analysis technique uses multiple linear regression analysis using the SmartPLS program. Findings The analysis results show that education and training have a significant positive impact on optimizing MSME profits. Apart from that, Legal Compliance also has a significant positive impact on optimizing MSME profits. Networking has a significant positive impact on optimizing MSME profits. Digitalization positively optimizes MSME profits, although the impact may not be as strong as other variables. Originality The development of MSMEs in Tarakan City was followed by various problems, including not yet optimal financial management, which resulted in the difficulty of achieving optimal profit. Financial management is a problem in MSMEs because MSME owners often ignore the importance of recording financial reports. Thus, financial management is essential to apply to MSMEs.

Evaluating financial management competency in primary healthcare managers of Kondoa, Iramba, and Sumbawanga District Councils, Tanzania

Background : Examining the financial managerial competency of primary healthcare facility managers is very important. Despite its importance, empirical investigation is limited in this area. To contribute mpirical evidence on this subject this study looked at Tanzania's public primary healthcare facility managers. Materials and Methods : The study was conducted in Kondoa, Iramba and Sumbawanga District Councils in Tanzania. This research adopted a cross-sectional research design. A census sampling strategy was employed to obtain primary data from 102 public primary healthcare facility managers. The Statistical Product and Service Solution (SPSS) Version 25 was used to analyse the data. Results : Findings reveal that slightly more than half (57.85%) of managers were competent whereas (42.15%) of them were less competent in acting on the financial statements. In monitoring financial performance (47.53%) were less competent and (52.47%) were competent. Also, in developing budgets following organisational objectives, (50.97%) were less competent and (49.03%) were competent. Additionally, in managing budgets by organisational objectives, (45.09%) were less competent and (54.91%) were competent. Furthermore, in establishing and maintaining the organisation's insurance contracts and financial relationships, (53.92%) were less competent and (46.08%) were competent. Conclusions : Nearly half of the facility managers in selected Tanzanian District Councils demonstrated competence in financial statement analysis, performance monitoring, budget development, and managing insurance contracts and financial relationships. Recommendations : This study recommends improving the financial managerial competency of facility managers in all areas of financial management roles as a key area of investment in efforts to improve the management of primary healthcare facilities.

Financial management competence of school heads and performance of schools in Leyte division

The study investigates the financial management competence of elementary school heads and the performance of schools in Leyte Division. The research involved 70 school heads and 369 teachers involved in the School Financial Task Force for the 2016-2017 school year. The findings revealed that most school heads are middle-aged with low family income and lack training in school financial management. They manage various financial resources, with small enrollment and teacher populations. In terms of budgeting, accounting, procurement, and asset management, most school heads are competent, but few are less competent. Family income and number of trainings attended are related to asset management competence. The National Achievement Test results are average, and school performance is not related to the financial management competence of school heads. The study recommends that school heads attend training and seminars related to school financial management, involving school planning teams and community involvement. Effective management of school financial resources is crucial for financing all school activities.

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.

Impact of Financial Capability on Financial Stress of Small and Medium Entrepreneurs in Sri Lanka: Special Reference to the Western Province

A significant role is played by Small and Medium Enterprises in creating employment worldwide. Nevertheless, the sector has failed to achieve the desired level of growth despite its unexpected success as a result of significant issues dealt in each individual nation. The main limiting factor for the reduction in growth of Small and Medium Entrepreneurs is the level of financial stress encountered because of financial incapability and rising commitments. Hence the question surfaces on the impact of financial capability on financial stress of Small and Medium Entrepreneurs in Sri Lanka. The present research is primarily focused on measuring financial capability based on a variety of variables ranging from financial resources, financial self-efficacy and financial management competency. Small and Medium Entrepreneurs residing in three districts of the Western Province namely Colombo, Kalutara and Gampaha were chosen to collect the primary data by a questionnaire distributed and the required number of 250 respondents for the sample study were singled out by the stratified proportional random sampling method. Subsequently the data was analyzed using the IBM SPSS- 23 and AMOS. According to the study results, Small and Medium Entrepreneurs residing in Sri Lanka possess higher levels of financial capability and lower degree of financial stress. Further, the Small and Medium Entrepreneurs in Sri Lanka demonstrated a significant level of financial management competency, financial self-efficacy and a moderate number of financial resources. In conclusion the researcher concludes that financial capability has a direct moderate level significant negative impact on financial stress. Finally, study recommends SME should develop their financial skills and capabilities to overcome the financial stress.

Resource Management Competencies Required by Business Education Graduates for Engagement in Small and Medium Scale Enterprises in Delta State, Nigeria

The study examined resource management competencies required by Business Education graduates for engagement in small and medium-scale enterprises (SMEs) in Delta State. Two research questions were answered while two null hypotheses were tested at a 0.05 level of significance. The study adopted a descriptive survey research design. The population for the study consisted of 129 subjects comprising 95 final students of Business Education, Delta State University, Abraka, and 34 managers of registered SMEs in Ethiope East LGA of the state. Census sampling techniques were used to sample the entire population of 129 respondents. The instrument for data collection was a structured questionnaire on the resources management competencies of graduates for engagement in SMEs. The instrument was validated by three experts. The Cronbach Alpha reliability method was used to ascertain the reliability of the instrument which yielded a Cronbach alpha coefficient of 0.83 for the entire research instrument. The data for the study were collected with the help of three research assistants. Out of the 129 copies of the questionnaire administered, 116 were retrieved and completely filled representing a 90.0% rate of return. Data collected were analyzed using means for answering the research questions. The null hypotheses were tested using t-test statistics. From the data collected and analyzed, the study identified: 11 financial resource management competencies and 18 human resource management competencies required by Business education graduates for engagement in small and medium-scale enterprises in Ethiope East LGA of Delta State. The results of the hypotheses tested showed no significant (p≤0.05) differences in the mean ratings of Business education students and managers of SMEs on financial resources management competencies whereas, there were significant (p≤0.05) differences in the mean ratings of respondents on human resource management competencies. Based on the findings, the study recommended among others, that the governments of Delta State should help package the identified resource management competencies into teachable programmes for training other University, Polytechnic, and College of Education graduates and retraining existing SME operators for economic success in the state.

A systematic review of consumer empowerment research trends: Evidence from esteemed consumer studies journals

AbstractResearch on consumer empowerment has evolved to reflect its requirements over time. This study aimed to trace consumer empowerment research trends through a systematic review of 245 abstracts from two esteemed journals in the field of consumer studies, namely, International Journal of Consumer Studies and Journal of Consumer Affairs. Reference network analysis revealed that research on consumer empowerment has been mainly focused on finance and education. Topic modeling revealed the following six topics: financial literacy education, school education, information competency, dietary behavior/nutrition, financial management competency, and empowerment in the market. Hot topics included financial literacy education and dietary behavior/nutrition, whereas school education was a cold topic. This study provides insights into consumer empowerment research trends and directions for future research.

Impact of In-service Teachers' Training on Developing Financial Management Competencies of Educational Managers at the Secondary School Level in Punjab

The aim of this study was to deal with in-service promotion-linked training programs conducted by the (QAED) wing on the development of financial management competencies among educational managers at Punjab's secondary school level. The management is entrusted with multifaceted financial responsibilities. Qualitative data was collected through semi-structured interviews with purposively selected Twelve educational managers who have completed the training. Thematic analysis was employed to identify common patterns and themes within the qualitative data, illuminating the nuanced ways in which the training impacts educational managers' financial competencies. The findings will not only contribute to the knowledge base but also hold the potential to inform the design and delivery of training programs tailored to meet the specific financial demands of educational managers in Punjab's secondary schools. Ultimately, the study's insights are anticipated to contribute to more informed financial decision-making within educational institutions, positively influencing the quality of education and overall institutional growth.

An Analysis of Village Governance With Organizational Commitment as a Moderating Variable

The number of administrative violations and corruption cases at the village level has been in the spotlight recently. Good village governance is one of the steps to overcome it. This study aims to identify the factors that influence village governance and examine the moderating effect of organizational commitment on the relationships between village financial management and apparatus competence in village governance. This study was conducted in the Village Government in Rokan Hilir Regency and employed quantitative data analysis. The data was obtained using a questionnaire, and the respondents were selected using purposive sampling. This study used an analysis method using the structural equation model (SEM). The result shows that the government's internal control system and village financial management can affect village governance in Rokan Hilir Regency. However, apparatus competence cannot influence village governance, and organizational commitment cannot strengthen the performance of the apparatus in implementing village governance. Nevertheless, organizational commitment is needed to enhance the relationship between village financial management and governance in Rokan Hilir.

The effects of economic rationality, currency perception, and money attitudes of working youth on financial management competencies

The prominence of past financial activities in the future planning of economic units is quite high. Numerous environmental factors play a role in the financial management skills of households, which are the economy's building blocks. Individuals acquire economic competencies by experiencing, understanding, and observing these environmental factors. Particularly, individuals within the age range of 8-17 assume importance in acquiring these competencies. In the study to determine the impact of economic rationality, currency perception, and money attitudes of 132 young participants within the age group of 8-17 working in Fatih Industry, Büyük Industry, Bağkur Industry, Akçaabat Industry, Arsin Organized Industry, and Yomra Furniture Industry sites in Trabzon, on financial management competencies. As a result of the analysis, it was observed that the economic rationality, currency perception, and money attitudes of employed young individuals impact their financial management competencies.

경력단절여성에게 필요한 성인역량에 관한 요구분석

The purpose of this paper is to perform the needs analysis of adult competencies for career interrupted women and to provide information on priority group competencies of them. The subjects of this study were 241 women in 17 cities and provinces across the country, and sampling was conducted using a stratified random sampling method. For the research method, the t-test, Borich needs assessment, and The Locus for Focus model suggested by Cho (2009) were systemically employed to identify the priorities. As a result of the analysis, there were 10 competencies belonging to both the Borich needs assessment and The Locus for Focus model, and two competencies among them, financial management competency and digital utilization competency, were derived as the highest priority competencies. Next, competencies corresponding to only one of the two techniques were selected as second priority competencies. Based on the results of this study, implications for development of customized lifelong education programs for career interrupted women were suggested.

Volunteers and resource management competencies of nonprofit organizations during challenging times

AbstractNonprofit organizations increasingly compete for limited resources and recognize volunteers as vital assets. That said, which nonprofits are more successful in harnessing volunteers than others and enlisting more volunteers while responding to environmental changes? Guided by the resource‐based theory, this study theorizes that a nonprofit's human, social, and financial resource management competencies relate to its volunteer use. Also, applying contingent resource‐based theory extends our theoretical arguments as to why a nonprofit needs to develop its resource management competencies for the use of volunteers facing a community's financial hardship. Our zero‐inflated negative binomial analysis using the IRS 990 and U.S. Census data (2010–2012) finds that (1) a nonprofit's higher human, social, and financial resource management competencies have an important influence on using volunteers, and (2) a nonprofit having higher financial resource management competencies can use more volunteers when its community experiences economic hardship. These findings pinpoint that volunteer use is not separable from organizational holistic resource management competencies and suggest that turbulent environments can cause a significant shift in the management competencies required for volunteer use.

DETERMINAN KINERJA PENGELOLAAN KEUANGAN DENGAN KOMITMEN ORGANISASI SEBAGAI PEMODERASI (Studi Pada SKPK di Kota Langsa)

The purpose of this study was to determine the effect of Financial Management Competence and Work Experience on Financial Management Performance with Organizational Commitment as Moderating on SKPK in Langsa City. This study uses quantitative methods. The population in this study were all 30 SKPKs in Langsa City. All SKPKs were sampled with 3 (three) respondents in each SKPK with a total of 90 respondents. Data was collected by distributing questionnaires and by using measuring instruments in the form of validity and reliability tests. The analytical method used is Moderated Regression Analysis (MRA). The results of the study found that partially financial management competence had no effect on financial management performance, work experience and organizational commitment had a significant positive effect on financial management performance, organizational commitment weakened the relationship between financial management competence and financial management performance, organizational commitment strengthened the relationship between work experience and financial management performance. This study has limitations that can be considered for future researchers in order to improve further research. The limitation of this research is that the researcher cannot provide questionnaires directly to several respondents and assists the respondents in filling out the questionnaires. This is due to the busyness of the respondents. Some respondents could hardly afford to answer the questionnaire directly and asked for up to one week. This constraint makes it impossible to know whether the respondents actually filled out the questionnaire properly. Also, the researcher cannot directly answer things that are not known by the respondents regarding the questions asked in the questionnaire. So it is suggested that further researchers can distribute questionnaires directly and explain a little about the research variables so that respondents can ask about things that are not known and can understand the intent of the questionnaire questions

The Importance of Planning: How Financial Management Competencies Affect the Performance of Nonprofit Organizations

Financial management is vital to the survival of nonprofit organizations and their ability to fulfill their mission. Financial management is composed of a diverse range of tasks which require specific competencies for the success of an organization. This study explores different financial management competencies and their effect on nonprofit financial and organizational performance. Based on survey data from Swiss nonprofit organizations, a set of six distinguishable financial management competencies are derived and applied within a structural equation model. The study finds that self-assessed financial management competencies have significant effects on both the perceived financial and perceived organizational performance of nonprofits. The findings reveal that strategic financial planning competencies have the strongest effect on financial performance, and budgeting competencies have the strongest effect on the organizational performance. The study adds to the understanding of the role of different financial management areas and underlines the importance of administrative capacities for organizational success.

Financial Management Competence, Stakeholder Engagement Capacity, and Annual Rating of School Heads: Predictors of Strategic Competitive Practices of Secondary Schools in Laguna

This study determined the financial management competence, the stakeholder engagement capacity, and the annual performance rating of school heads as these relate to the strategic competitive practices of secondary schools in Laguna. The research design used in this study was of the descriptive type. This was coupled with correlational research design. Hence, this is a descriptive-quantitative study where a survey questionnaire, administered in person and via digital means, was utilized as the primary data gathering instrument. The major findings of this study are the following. The school heads' financial management competence has a partially significant relationship to the school heads? annual performance rating for three consecutive years. Moreover, the school heads? stakeholder engagement capacity was also observed to have a partial significant relationship to the school heads? annual performance rating. The school heads? financial management competence was also found to have a partial significant relationship to the school heads? stakeholder engagement capacity. Hence, the null hypothesis was partially rejected. The school heads' stakeholder engagement capacity was also found to have an influence in the schools' strategic competitive indicators. Moreover, the performance rating of school heads was discovered to have an effect on the level of School-Based Management of schools. Lastly, the monetary/nonmonetary equivalent support elicited from stakeholders was also revealed to have an influence on the number of enrollments.

Personal Financial Management and Entrepreneurial Competencies among Selected Public School Teachers in Cebu City Division

Public school teachers are role models who mold students into better citizens, and teachers are regarded as the epitome of education and career success. Delivering financial education will be the pinnacle of absurdity if teachers do not practice personal financial management. This study investigated public school teachers' knowledge and practice of personal financial management and entrepreneurial competencies. The study employed the descriptive-correlational method, administered to 229 selected teachers in the Cebu City Division. The main instrument, which consists of three components, was adopted and modified. The data were collected, arranged, tabulated, and interpreted using a statistical technique like weighted mean and Pearson r Product Moment Correlation Coefficient. The study revealed that public school teachers were moderately knowledgeable and practiced personal financial management. Also, they moderately manifested all the entrepreneurial competencies identified in the study. Using the Pearson Correlation Coefficient, the level of knowledge and practice of personal financial management are significantly correlated. As a result, it was concluded that public school teachers need to enhance their knowledge and practice of personal financial management, especially knowledge and practice of investing, and the other areas of entrepreneurial competencies uncovered as weak. Subsequently, the principal researcher crafted a comprehensive action plan to help public school teachers enrich their knowledge and practice of personal financial management and entrepreneurial competencies, scaffolding their financial resilience and gently nudging them to entrepreneurial ventures.

Financial competencies as investigated in the nursing field: Findings of a scoping review.

This study aims to map the extent of the research activity in the field of financial competencies and nursing and identify main patterns, advances, gaps, and evidence produced to date. Financial competencies are important indicators of professionalism and may influence the quality of care in nursing; moreover, these competencies are the basis of health care sustainability. Despite their relevance, studies available on financial competencies in the nursing field have not been mapped to date. A scoping review was guided according to (a) the Preferred Reporting Items for Systematic Reviews and Meta-Analyses extension for Scoping Review and (b) the Patterns, Advances, Gaps and Evidence for practice and Research recommendations framework. A total of 21 studies were included. Main research patterns have been developing/evaluating the effectiveness of education programmes and investigating the nurse's role in the context of financial management, challenges and needs perceived by them, and tool validation to assess these competencies. The most frequently used concept across studies was 'financial management competencies' (n = 19). The sparse production of studies across countries suggests that there is a need to invest in this research field. Nurses with managerial roles should invest in their financial competencies by requiring formal training both at the academic and at the continuing education levels. They should also promote educational initiatives for clinical nurses, to increase their capacity to contribute, understand, and manage the emerging financial issues.

Peningkatan Kompetensi Manajemen Keuangan dan Kewirausahaan pada Usaha Mikro di Desa Rowosari Kabupaten Kendal

Limited capital and the low quality of human resources are obstacles to develop micro-enterprises that is managed by fishermen’s wives in Rowosari, Kendal, Central Java. Therefore, it is necessary to economic empowerment in the form of entrepreneurship and business financial management training as well as providing business capital stimulus with the qardhul hasan contract to 20 people. The purpose of this community service, a) Improving entrepreneurial and business financial management knowledge and skills of micro business for fishermen’s wives in Rowosari, b) Motivate and improve entrepreneurial competencies and business financial management competencies for fishermen’s wives in Rowosari, so that they become independent, strong women who can help their family economy and improve their welfare. Qardhul Hasan is a financing for the poor, without collateral and interest, while the borrower is required to return it and pay administrative fees. Qardhul Hasan funds are sourced from zakat, infaq, and sodaqah funds. Community service methods: a). Identifying micro-enterprises that have been carried out by fishermen’s wives in Rowosari, Kendal, Central Java, their potentials and problems, b). Giving a Qardhul Hasan financing collaboration with the Rahmat Semesta Foundation. c). Provide entrepreneurial training and business financial management to them, d). Community services performance evaluation. The results show that after getting a Qardhul Hasan loan and receiving training and assistance in the field of entrepreneurship and business financial management, their entrepreneurial and business financial management knowledge and skill increase and hope that their business develops well and their income and welfare increase.

Pharmacy Students' Attitudes and Perceptions toward Financial Management Education.

(1) Background: Pharmacy-related financial management training and education are an integral part of the pharmacy curriculum. This study aims to evaluate pharmacy students’ perceptions toward financial management education, their attitudes on its clinical relevance, and their ability to use financial management knowledge in introductory and advanced pharmacy practice experiences. (2) Methods: An online survey was sent to third- and fourth-year pharmacy students. The survey assessed the following three themes: perceptions toward financial management education; attitudes toward the clinical relevance of financial management education; and the student’s ability to use knowledge of financial management in practice. Descriptive statistics were used to summarize the data. (3) Results: The overall response rate for the survey was 60% (139/233). Overall, the study showed a positive perception and attitude toward financial management education. Results indicate that pharmacy students were confident in their ability to use financial management knowledge in pharmacy practice. (4) Conclusions: This survey found an overall optimism in financial management education’s role in pharmacy practice and the ability to obtain financial management competencies in professional pharmacy training. With the evolving practice requirements, pharmacy schools should adapt their financial management curricula with relevant skills to prepare students to become effective entrepreneurs, innovators, and practice leaders.