Efficiency Of Financial Management Research Articles

Integrated and systematic Best Practices of "Financial Management in Education" in Southeast Asia

Effective financial management is critical to school success. Financial management and finance in education are crucial. Since educational institutions are not profit-driven, the community and parents must ensure that each is used to improve the quality and quantity of instruction. Numerous researchers have explored the best financial management practices in education, but more research is needed. Comprehensive research is required to determine the best educational financial management approaches. Financial management practices like budgeting, resource allocation, cost control, and financial responsibility must be studied in educational settings. According to this study, different approaches in different educational environments affect student progress, school effectiveness, and economic viability. Further comparative research on financial management methods in educational institutions or across nations is needed. This study reviews the literature on efficient financial management practices in education. The systematic literature review (SLR) method and 7P flow diagram are used for analytical systematic reviews. This study addresses demographic questions in current scholarly works on optimal financial management approaches in education, including nation, research methodology, and participant count. Examining the latest academic works on education's strategic trajectory and financial management components will help determine the best financial management methods for education and future study. The systematic research shows excellent financial management strategies in education. Western and Southeast Asian demographic literature shows little research on the best financial management strategies for schooling. This comprehensive and systematic review of educational literature on optimal tactics and fiscal administration seeks to identify education's best practices. This research's structure and review of difficulties will improve school leaders' strategic financial management. It will underpin future research and policymaking. By filling this research gap, education policymakers, school administrators, and financial managers can get evidence-based advice on the best financial management strategies to improve resource allocation, educational quality, and long-term financial viability.

Improving the Quality of Primary Education Institutions Through Strategic Management Implementation

Basic education is the primary foundation for the development of individuals and societies. The quality of basic education plays an important role in shaping the character, knowledge, and skills of future generations. The research is aimed at analyzing the quality of primary education institutions, the process of improving the quality of the primary educational institutions through the implementation of strategic management, and the problems and solutions to improving the quality of basic education. His research method uses qualitative research methods, and his data analysis uses Miles Huberman's model of quantitative data analysis. The results of his research are: the quality of the educational institute MIN 1 East Kutai has achieved a good quality, even though there is still evil that continues to be fertilized. The quality improvement process is carried out through the implementation of strategic management, which consists of curriculum renewal, teacher training, technology investment, and enhanced partnerships. While the problems are: limited resources, budgets, and facilities; lack of training and professional development; attachment of students' parents and local communities. The solution is to conduct professional training and development for teachers, revision of curricula, investment in facilities and resources, involvement of parents and communities, and efficient financial management. These solutions can also help institutions become inclusive, innovative, and results-oriented learning centers.

Socio-Ecological Responsibility Using Triple Bottom Line Method Perspective of Mamayu Hayuning Bawana

This research explores the application of the Triple Bottom Line (TBL) concept and Socio-Ecological Responsibility from the perspective of Mamayu Hayuning Bawana (MHB) at Unisma Islamic Hospital Malang. Facing the complex challenges of life, especially in the healthcare sector, companies need to consider social, economic, and environmental aspects in a balanced manner. Unisma Islamic Hospital Malang demonstrates a commitment to TBL with a focus on Profit, People, and Planet. This is reflected in efficient financial management, improved access to healthcare services, proper medical waste management, and the adoption of green technology. The Mamayu Hayuning Bawana concept is also applied, emphasizing harmony between humans, nature, and the divine. The implementation of TBL and Mamayu Hayuning Bawana aims to create a balance between economic needs, social welfare, and environmental sustainability. The Islamic Hospital of the University of Islam Malang (RSI Unisma) has successfully achieved harmony between economic growth, social concern, and environmental preservation, replacing competition with harmonious synergy. This research contributes to understanding sustainability practices in the healthcare sector and encourages other companies to adopt TBL for socio-ecological sustainability. Future studies can focus on other industries, develop more comprehensive impact measurement methods, and involve the community in decision-making processes.

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

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

An advanced approach to operational quality evaluation for industry-finance integration enterprises based on integrated interval-valued intuitionistic fuzzy multi-attribute decision making

With the acceleration of economic globalization, enterprises are facing fierce competition and huge challenges, requiring deep financial management transformation. In this context, the integration of industry and finance has gradually demonstrated extremely important value. The integration of industry and finance can not only effectively improve the efficiency of financial management, prevent business risks, and improve operational efficiency, but also enhance the comprehensive ability of enterprise financial management, providing a more flexible, transparent, and efficient financial management system for enterprises. The operational quality evaluation of industry-finance integration enterprises under lean management accounting is a multiple-attribute decision-making (MADM). In this paper, some calculating laws on IVIFSs, Hamacher sum, Hamacher product are introduced, and the interval-valued intuitionistic fuzzy Hamacher interactive power averaging (IVIFHIPA) technique is proposed based on the interval-valued intuitionistic fuzzy (IVIF) Hamacher interactive weighted averaging (IVIFHIWA) technique and power average (PA) technique. Meanwhile, some ideal properties of IVIFHIPA technique are studied. Then, the IVIFHIPA technique is employed to cope with the MADM under IVIFSs. Finally, an example for operational quality evaluation of industry-finance integration enterprises under lean management accounting is employed to test the IVIFHIPA technique. Thus, the main research aim of this paper is concluded as follows: (1) the IVIFHIPA technique is constructed based on IVIFHIWA technique and classical power average (PA) technique; (2) the IVIFHIPA technique is put forward to cope with the MADM under IVIFSs; (3) an empirical example for operational quality evaluation of industry-finance integration enterprises under lean management accounting has been put forward to show the IVIFHIPA technique.

Cash Disbursement Accounting Systems and Procedures from a Sharia Accounting Perspective

Association financial systems require bookkeeping data to handle administrative and financial issues. This system is a collection of elements that are interrelated, have the same function and purpose, and were created to handle something that happens regularly. This system processes data (input) into data (output) in the form of financial reports. This research aims to analyze the implementation of the cash disbursement system and procedures at the Health Office of Medan City. The study focuses on the challenges of implementing the financial system, dynamic regulatory changes, and technological aspects that may affect financial management efficiency. Using a qualitative descriptive and quantitative survey method, observations, interviews, and document analysis were conducted to gain an in-depth understanding of the financial system's implementation in the Health Office. The research results classify several stages in cash disbursement and identify obstacles and potential improvements in the process and must comply with sharia accounting principles in the form of fairness, transparency and accountability. This study is expected to make a positive contribution to enhancing financial management efficiency and transparency in the healthcare sector.

Efektivitas Dan Efisiensi Penggunaan Aplikasi Backoffice Sistem Dalam Mengelola Anggaran Di BPS Kota Palu

This research aims to analyze the effectiveness and efficiency of using the BackOffice System (BOS) application in budget management at the Central Statistics Agency (BPS) of Palu City. The research method used is qualitative, with data collection through interviews, observation and documentation studies. The BOS application has been used at Palu City BPS since the beginning of 2023 to manage the budget. This research uses descriptive qualitative methods to analyze the effectiveness and efficiency of using the BackOffice System application in budget management at the Palu City Central Statistics Agency. Data was collected through observation, documentation, and direct interviews with key informants such as Budget User Officials, Commitment Making Officials, General Subdivisions, Treasurers, and BOS Operators. The Technology Acceptance Model (TAM) concept is used to explain the acceptance and use of technology. The research results show that the implementation of the BackOffice System (BOS) application at the Palu City Central Statistics Agency is effective in improving budget management to be more efficient. The BOS application makes access easier, makes financial management more transparent, and makes it easier to create assignment letters and complete payments. Even though there are still several shortcomings, the BOS application is considered successful in achieving its goals and has helped in budget management. Research shows that the implementation of the BackOffice System application at BPS Palu City has brought benefits in budget management, increasing the effectiveness of financial management efficiency. Nevertheless. There are still several technical obstacles that need to be overcome. The BOS application makes access easier, makes financial management more transparent, and makes it easier to create assignment letters and complete payments. Even though there are still shortcomings, the BOS application is considered successful in achieving its goals.

ІНСТРУМЕНТИ ПІДВИЩЕННЯ ЕФЕКТИВНОСТІ ФІНАНСОВОГО УПРАВЛІННЯ АКТИВАМИ ТА ПАСИВАМИ ПІДПРИЄМСТВА

Currently, the primary task of economic entities is the effective functioning in an unstable economy, which is caused by successive factors, namely the COVID-19 pandemic and the introduction of martial law. Therefore, the business entity faces the question of forming tools that will help the enterprise not only to remain "afloat," but also to effectively financially manage the assets and liabilities of the enterprise. This issue is currently relevant, as the need for competent financial management to achieve its goals in the market is growing. The aim of the research. Presentation of tools for improving the efficiency of financial management of assets and liabilities of an industrial enterprise. The subject of the research is the impact of financial management of assets and liabilities on the overall condition of the entity. The methods of the research. There are general methods based on modern scientific principles of financial and economic sciences. The hypothesis of the research: financial management of assets and liabilities of a business entity is an instrument of effective functioning of an entity. Presentation of the study material. The statement of basic materials. As a result of the analysis of the efficiency of the entity, namely the industrial enterprise, showing the effectiveness of financial management of assets and liabilities of the enterprise, it is determined that the classic industrial enterprise has problems with the depreciation of fixed assets and receivables. Therefore, tools were presented that would help to increase financial management and improve the overall financial condition of the enterprise. The originality and practical significance of the research. The study confirms the need to use tools to improve the efficiency of financial management of assets and liabilities of the enterprise. Conclusions and perspectives of further research. The tools that will be effectively selected for implementation and financial management help the enterprise to be more competitive and solve the current internal problems associated with the financial management of assets and liabilities of the enterprise

Pendampingan Peningkatan Media Pemasaran dan Pengelolaan Manajemen Keungan Usaha Mikro Kecil dan Menengah “UMKM Sempulur”

Micro, Small and Medium Enterprises (MSMEs) have an important role in advancing and improving the economy. Sempulur is one of the MSMEs located on Jalan Pelita Tama No. 2b, Rejomulyo Village, Kartoharjo District, Madiun City. This assistance aims to help the problems faced by Sempulur MSMEs. The service methods used are observation, information collection, problem mapping, implementation of mentoring activities, and problem evaluation. In this activity, the results of MSMEs Sempulur can be seen in the form of increasing marketing media in the form of understanding of social media so that it can improve product marketing. Planned and efficient financial management. For the government, it is better to provide individual guidance and mentoring to MSMEs to assist in business planning, management, and development.

ՀԱՄԱՅՆՔԱՅԻՆ ԲՅՈՒՋԵՆԵՐԻ ԹԱՓԱՆՑԻԿՈՒԹՅԱՆ ՄԻՋԱԶԳԱՅԻՆ ՄՈԴԵԼՆԵՐԸ ԵՎ ԴՐԱՆՑ ՀՆԱՐԱՎՈՐ ԿԻՐԱՌՈՒՄԸ ԵՐԵՎԱՆ ՔԱՂԱՔՈՒՄ / INTERNATIONAL MODELS OF TRANSPARENCY OF COMMUNITY BUDGETS AND THEIR POSSIBLE APPLICATION IN THE CITY OF YEREVAN

The purpose of the article is to understand how to improve municipal budget planning, increase citizen participation, and ensure transparent and more efficient financial management, with an emphasis on improving the budget of the city of Yerevan. By analyzing international models of budget transparency for the goal set, this study identifies methods that can be applied to improve Yerevan’s community budget, while simultaneously offering solutions to challenges related to financial stability, accountability, and active public engagement. The research explored several successful foreign models, drawing on the experiences of cities that Yerevan can adopt. The findings highlight the importance of community budgets as a cornerstone of local self-governance, supporting the socio-economic development of communities. International experience demonstrates that the creation and management of municipal budgets require both effective financial management systems and a high level of citizen participation. In Armenia’s case, enhancing the local self-governance system is key to achieving sustainable community development and improving citizens’ quality of life. Studying foreign practices also enables the adoption of modern approaches like participatory budgeting, which is widely used in various countries

A Study On Impact Of Capital Structure And Dividend Policy Towards Steel Industries In India

The Indian construction industry has been playing an elixir role in the overall economic development of the country. The success of construction and its associated industries depend up on their efficient financial and business management. In a business enterprise, financial management is a very important aspect that ensures its survival, progress and smooth functioning. The proper allocation and usage of capital funds improves the efficiency of management and enhances the profitability of business. An appropriate proportion of various sources of funds used in a business is termed as financial structure and capitalization refers to the total amount of securities issued by a firm. Capital structure decision is critical for any firm for maximizing return to the various stake holders and also to enhance firms’ ability to operate in a competitive environment (A.M.Goyal 2013).Therefore, this study aim to analyze the impact of capital structure and dividend policy towards steel industries in India.

The Impact of Digital Innovation on Accounting Practices: The Case of Romanian Public Schools

Today, digitalization has covered all areas of the social system. The introduction of innovative technologies and ERP systems in the accounting field helps significantly increase the efficiency of financial management. At the same time, certain industries, such as public schools in Romania, still do not take full advantage of accounting automation. This article examines the adoption of accounting automation through ERP solutions in university educational institutions in Romania and explores the advantages and obstacles that come with this shift. In this study, a thorough analysis of the data collected through the survey was carried out. A questionnaire with questions was sent to 100 educational colleges in Romania. The questionnaire contained questions aimed at gathering information about the level of automation, the types of technology used, the difficulties faced and the benefits. Institutions of various sizes with various funding sources – from regular to high schools – were chosen for the study. Implementing automated accounting systems in institutions in Romania has shown noticeable benefits, enhancing efficiency and transparency while ensuring accuracy in operations. However, limited financial resources and inadequate digital expertise challenge the adoption of ERP technologies and other sophisticated solutions. The study results show that digitalization levels differ significantly across education levels, with high and secondary schools being the most digitized, while pre-kindergarten and primary schools lag in adoption. Key obstacles include constraints and a shortage of expertise, particularly impacting high school and secondary educational establishments. The research provides recommendations to enhance the digitalization process in Romania's pre-university educational institutions.

Financial controlling of securities transactions in the aspect of taxation

The article comprehensively analyzes the theoretical foundations and practical aspects of financial controlling of transactions with securities in view of the peculiarities of their taxation. Possibilities of improving controlling to increase the efficiency of securities management at enterprises are considered. The essence and functions of financial controlling in the financial management system of modern enterprises are analyzed in detail. thus, such key functions as strategic planning of financial activities, budgeting and financial planning, internal consulting and auditing, constant control and analysis of financial indicators for the presence and nature of deviations are defined. The article presents the classification of securities and describes the stages of financial control of operations with them. such as strategic planning of the optimal investment portfolio, budgeting of investment volumes in various instruments, adjustment of the accounting and reporting system for operations, as well as optimization of their taxation. A detailed procedure for the analysis of tax transactions with securities in Ukraine has been carried out. which determined the rates of income tax and military levy, the procedure for calculating investment income. Particular attention is paid to the possibilities of tax optimization by using the benefits provided by the law for long-term investments or carrying out operations through offshore jurisdictions with a favorable regime. It is important that the enterprise fully complies with both the legislation of Ukraine, which includes operations, and the legislation of those countries in which placement, purchase or sale of securities takes place. A detailed analysis of tax regulation in Ukraine, including tax rates and opportunities for tax optimization, makes the article a crucial source of information for enterprises engaged in operations with securities. It is noted that financial controlling is a key tool in managing such operations, and the examination of taxation specifics unveils opportunities for tax burden optimization and overall enhancement of financial management efficiency for businesses. It is shown that financial controlling is the main tool for managing transactions with securities, and the analysis of the peculiarities of their taxation provides opportunities for optimizing the tax burden and increasing the overall efficiency of the financial management system of enterprises.

The Impact of Financial Management Efficiency on the Financial Solvency of Banks on Iraq

The study aims to investigate the impact of financial management efficiency (financial planning, internal control, administrative control) on the financial solvency of Iraqi banks. The quantitative approach was used by developing a digital questionnaire that was distributed to a purposive sample of the study population, which includes senior management employees (General Director, Deputy Director, Financial Manager Administrative Manager) in the Iraqi banking sector, which number (13) banks. 99 valid questionnaires were retrieved for statistical analysis, and to answer the study’s questions and hypotheses, the data were analyzed using SPSS.

Sistem Informasi Akuntansi (SIA) pada Waroeng Fake

This research aims to analyze the implementation of the Accounting Information System (AIS) at Waroeng Fake. The research methodology involves literature review, direct observation, and interviews with the management. The findings indicate that the implementation of AIS at Waroeng Fake has enhanced financial management efficiency and inventory control. The conclusion of this research is that AIS plays a crucial role in supporting the effective operations of Waroeng Fake.

Does Household Financial Management of Independent Oil Palm Smallholders Promote Rural Development?

Sustainable production by independent oil palm smallholders links to the creation of goods and services using processes and systems that are resource-conserving, economically viable, and socially and creatively rewarding for all working people and consumers. However, there is limited efficiency in financial management and low resource allocation for rural finance operations to support the development of rural economies. This study tried to prove whether household financial management promotes rural development using the theories of transaction cost, financial transaction management, public expenditure management, and a rural development framework. This research was conducted in Sambas District, West Kalimantan, using a mixed method with purposive sampling and structured questionnaires administered to 200 independent oil palm smallholders. Multidimensional scaling and a structural equation model were employed to analyze the data. The results unveiled that household financial management promoted rural development due to its effects on accessibility and infrastructure for market opportunities, basic and public services, and governance regarding participation in agriculture meetings and training by the government. Governance emerged as the most direct effect of rural development as it contributed to livelihoods, community-based economic empowerment, human resources, and rural environmental problems. Operational and risk management came as the most influential factors in household financial management. Government played a role in engaging smallholders in supply chains, access to inputs, and households’ transition in confronting a variety of yields, unstable output and input prices, and changes in production technology. Innovative multi-actor collaborations were required to reinforce and provide a cloak for policy decisions.

The Influence of Ease of Use, Usefulness, Trust, Attitude on Intention in Small, Micro and Medium Enterprises in Tangerang

The use of digital wallets as a form of electronic money has become popular in Indonesia, providing benefits for both customers and traders. Digital wallets enable payments via QR code and provide efficiency in financial management. Digital financial systems also increase efficiency and productivity in fund transfers, payments, and investment management. The aim of this research is to see whether digital payments can improve the quality of MSME financial management. To explore the background of the problems listed, a descriptive approach is used. The population in this study was 50 MSMEs in Tangerang City and Tangerang Regency. In this research, the primary data used is the results of filling out questionnaires by research participants. Based on the results of our group analysis, it can be concluded that the factors perceived ease of use, perceived usefulness, trust, and attitude towards digital payment have an impact on the intention to use digital payment and the equitable use of digital payment for Indonesian MSMEs

THE INFLUENCE OF INVESTMENT DECISIONS, FREE CASH FLOW, AND DEBT POLICY ON THE FINANCIAL PERFORMANCE OF CONSTRUCTION COMPANIES

The construction industry plays a pivotal role in any country's economy, driven by the increasing demand for infrastructure, housing, and facilities during periods of rapid economic growth. Efficient financial management is paramount for construction companies to ensure sustainability and growth. This study explores the impact of investment decisions, free cash flow, and debt policy on the financial performance of construction companies. Investment decisions significantly affect financial performance as they influence the allocation of resources, with an emphasis on the Price Earning Ratio (PER) to gauge market expectations and future prospects. Free cash flow, representing the cash available after operational and investment costs, positively and significantly affects financial performance. Debt policy, as a crucial part of capital structure decisions, also significantly influences financial performance. The study uses quantitative methods and concludes that these factors collectively explain 62.9% of the variation in financial performance. Understanding these dynamics can aid construction companies, investors, regulators, and other stakeholders in optimizing financial strategies and achieving sustainable growth in the competitive construction industry.

Application of the Value for Money Concept as a Performance Assessment Measure for Regency/City Governments in West Nusa Tenggara Province for the 2018-2022 Period

The implementation of regional autonomy has logistical consequences in the form of the importance of effective and efficient financial management. This research aims to determine the financial performance of Regency/City goverments in West Nusa Tenggara Province for the 2018-2022 period with the concept of value for money. Value for money is a management method that is based on three elements, namely economics, efficiency and effectiveness. The object of this research is a report on the realization of the regional income and expenditure budget for the 2018-2022 period. The results of this research show that the performance of Regency/City governments in West Nusa Tenggara Province For the 2018-2022 period based on economic and efficiency ratios has had good results. On the effectiveness ratio has less good results.

Enhancing Organizational Performance in Bangladeshi Industries: The Role of Enterprise Resource Planning (ERP) Systems

In today’s dynamic business environment, organizations strive to enhance their operational efficiency and customer satisfaction to maintain their competitive edge. Therefore, the proper implementation of supply chain management, effective inventory management, and efficient financial risk management are key factors in improving a company's efficiency and customer satisfaction. To achieve these goals, companies must effectively utilize Enterprise Resource Planning (ERP) systems, which enable seamless integration across supply chain, production, and administrative processes. The aim of this research is to investigate the effect of ERP systems on organizational performance in Bangladeshi industries. A comprehensive literature review sets the foundation by analyzing existing research on ERP systems and organizational performance metrics. A survey questionnaire was sent to different types of industries in Bangladesh, and data were collected. Descriptive analysis and hypothesis testing were conducted to analyze the survey data. The hypothesis was tested using the z-test, revealing significant findings regarding the impact of ERP systems on various organizational aspects, such as inventory management, production planning, operational efficiency, order management, financial risk management, and customer satisfaction. This research makes a significant contribution to the academic literature on technology adoption, especially as it relates to the use of ERP in Bangladeshi enterprises. It will support further research on the topic.