Level Of Financial Management Research Articles

Research on the Optimization of Enterprise Financial Management under the Financial Sharing Model

With the advancement of globalization and information technology, the financial sharing mode has gradually emerged as a crucial means for enterprises to optimize their financial management. Particularly within the context of economic globalization, informatization, and digital transformation, enterprises find themselves navigating a rapidly evolving market environment by intensifying competition. To enhance efficiency and competitiveness, many enterprises have embraced the financial sharing model to streamline financial management processes, curtail costs, and bolster the execution of corporate strategies. This article aims to dissect the definition and essence of the financial sharing model and its significance in the realm of enterprise financial management. Drawing upon this analysis and aligning with the needs of enterprise financial management, the article proposes ideas for optimizing management practices, aspiring to foster reform and innovation in enterprise financial management while enhancing its level of financial management and ability to respond to financial risks. This contribution seeks to provide valuable insights for practitioners in the field.

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.

Construction of Financial Performance Evaluation System based on Principal Component Analysis Algorithm and Its Application in Digital Transformation Enterprises

In the context of a strong national push toward the growth of the ""digital economy"", traditional manufacturing companies are increasingly turning to new digital technologies for their digital transformation. This paper aims to investigate the suitability of using a financial performance evaluation system for assessing the success of digital transformation strategies employed by these enterprises. The application of principal component analysis in digital transformation enterprises involves repeatedly selecting the main indicators in the financial performance evaluation index system of manufacturing enterprises. Finally, a financial performance evaluation index system suitable for analyzing digital transformation enterprises is constructed. The differences in financial performance before and after transformation are analyzed, and a comprehensive evaluation and comparative analysis are conducted on the financial performance of digital transformation enterprises and non-digital transformation enterprises. The experimental results show that the average growth rate of total assets of enterprises is 7.07%. The average growth rate of operating revenue is 20.99%. The standard deviations are 17.42% and 235.9%. There is a significant difference between the maximum and minimum values of these two indicators, indicating that the average dispersion of these two indicators is relatively high. In the initial phases of digital transformation implementation, enterprises that adopt digital technology experience a certain level of profitability improvement, as shown by the results. Compared to businesses that have not undergone a digital transformation, digitally transformed enterprises possess greater advantages and flexibility in digital operations. Digital transformation has important theoretical and practical value in improving the financial management level of digital transformation enterprises.

Application of financial management in regional economic development based on VAR modeling

Abstract This paper constructs a vector autoregressive (VAR) model between the level of financial management and regional GDP. Through the Granger causality test, the panel data at the financial management level and regional economic phenomena are studied, and the empirical distributions in the stationary situation are given by combining the stochastic simulation method. The auxiliary regression equations are established separately for constrained and unconstrained conditions, and the test statistic is constructed to determine whether there is Granger causality between the variables. Finally, from the actual data, a one standard deviation shock is applied to LATS and LGDP, and a response model with a lag of 100 periods is chosen to obtain the impulse response of the level of financial management and regional economic growth. The results show that the impact of the regional economy on the level of financial management is zero in the first period and then increases continuously, reaching a maximum response of 0.0233 in the 49th period, which indicates that there is a bidirectional promotional effect between the level of financial management and the regional economy and that the effect is not very strong but lasts for a long time.

Analysis and Countermeasures to Alleviate the Financing Constraints of Small and Medium-Sized Enterprises

Purpose - Small and medium-sized enterprises are an important component of China’s national economy, but their financing channels are constrained by many factors. With the rapid development of financial technology, they have shown enormous potential in the field of financing for small and medium-sized enterprises. This study aims to analyze how fintech can alleviate financing constraints faced by small and medium-sized enterprises, and propose corresponding countermeasures. Through analysis and research, it has been found that financial technology has effectively expanded the financing channels of small and medium-sized enterprises by improving the accessibility of financial services, reducing transaction costs, and improving risk management capabilities. However, technical risks, regulatory uncertainty, and the financial transparency of the enterprise itself remain the main factors that constrain its development. To this end, constructive countermeasures and suggestions are proposed
 Design/Methodology/Approach - Based on the technical basis of fintech, this paper studies the problem of fintech alleviating the financing constraints of small and medium-sized enterprises.
 Findings - This paper studies mainly analyzes the mechanism of fintech alleviating financing constraints.
 Research Implications - Suggest strengthening the construction of financial technology regulatory framework, improving the internal financial management level of small and medium-sized enterprises, and promoting the coordinated development of financial technology and traditional financial institutions, in order to further release the positive role of financial technology in alleviating financing constraints for small and medium-sized enterprises.

A STUDY ON THE ROLE OF FINANCIAL MANAGEMENT IN PREVENTING BUSINESS RISKS (THE CASE OF CENTURY TIANHONG EDUCATION TECHNOLOGY CO., LTD.)

Financial management, being an important part of modern enterprise management, is a key force that affects the sustainable development of enterprises. With such significantchanges in the market, enterprises need to constantly improve their core competitiveness, establish and improve a scientific and effective enterprise financial management system and risk mechanism, and strengthen the management and control of enterprise production and operation risks. Therefore, this study collates and calculates the annual report of Century Tianhong Education Technology Co., Ltd. for the three years from 2019 to 2022, outlines the current situation of financial risk management of Century Tianhong Education Technology Co., Ltd. in terms of solvency, profitability and development ability, and uses the financial risk management method to identify and evaluate the financial risk of Century Tianhong Education Technology Co., Ltd. Through the quantitative research on the hypothesis, the research results are as follows: Century Tianhong Education Technology Co., Ltd. has management problems in terms of solvency, profitability and development ability, and the improvement of these three aspects has a significant impact on the role of financial management to prevent business risks. This studyputs forward the following suggestions: 1) strengthen the concept of capital flow management and risk prevention; 2) accelerate the modernization of the accounts receivable system; 3) clarify the cost components of different products; 4) establish the prevention of harmonious financial management level of enterprises. It is expected to scientifically evaluate and predict the future earnings of Century Tianhong Education Technology Co., Ltd., and effectively improve the overall financial management level of the company.

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.

Intelligent financial decision support system based on big data

Abstract In the era of big data, data information has exploded, and all walks of life are impacted by big data. The arrival of big data provides the possibility for the realization of intelligent financial analysis of enterprises. At present, most enterprises’ financial analysis and decision-making based on the analysis results are mainly based on human resources, with poor automation and obvious problems in efficiency and error. In order to help the senior management of enterprises to conduct scientific and effective management, the study uses big data web crawler technology and ETL technology to process data and build an intelligent financial decision support system integrating big data together with Internet plus platform. J Group in S Province is taken as an example to study the effect before and after the application of intelligent financial decision support system. The results show that the crawler technology can monitor the basic data and the big data in the industry in real time, and improve the accuracy of decision-making. Through the intelligent financial decision support system which integrates big data, the core indexes such as profit, net asset return, and accounts receivable of the enterprises can be clearly displayed. The system can query the causes of financial changes hidden behind the financial data. Through the intelligent financial decision support system, it is found that the asset liability ratio, current assets growth rate, operating income growth rate, and financial expenses of J Group are 55.27, 10.38, 20.28%, and 1,974 million RMB, respectively. The growth rate of real sales income of J Group is 0.63%, which is 31.27% less than the excellent value of the industry 31.90%. After adopting the intelligent financial decision support system, the monthly financial statements of the enterprises increase significantly, and the monthly report analysis time decreases. The maximum number of financial statements received by the Group per month is 332, and the processing time at this time is only 2 h. According to the results, it can be seen that the intelligent financial decision support system integrating big data as the research result can effectively improve the financial management level of enterprises, improve the usefulness of financial decision-making, and make practical contributions to the field of corporate financial decision-making.

Perilaku Konsumtif dalam Perspektif Gender

This research is motivated by the consequences of the global influence of information and technological developments that have an impact on the behavior of the younger generation. One form of this behavior is consumptive behavior. This behavior attacks the younger generation, especially students. One of the conveniences obtained in technological developments is e-money (electronic money). The use of e-money which is quite easy can form consumptive behavior. In addition to the convenience provided by e-money, the existence of e-commerce also tends to shape consumptive behavior. The existence of discount offers and ease of payment stimulates individuals to consume through e-commerce. Individuals who have a financial attitude can reflect a good level of financial management, so that a high financial attitude will reduce consumptive behavior. This study aims to determine the effect of e-money, e-commerce, and financial literacy on consumptive behavior in a gender perspective. The population of this study were students of the Faculty of Economics and Business, Pelita Bangsa University. The research method uses quantitative descriptive analysis, with research sources based on the results of the questionnaire. Data testing uses validity, reliability, classic assumption tests, and hypothesis testing. The test results state that women's gender consumptive behavior is not influenced by money, e-commerce, and financial literacy. For male gender, consumptive behavior is influenced by the use of e-commerce and the level of financial literacy, while e-money has no effect on consumptive behavior. The results show that in general the level of use of e-commerce greatly influences consumptive behavior among students of the Faculty of Economics and Business, Pelita Bangsa University.

FINANCIAL MANAGEMENT OF WORKING BUSINESS STUDENTS DURING THE COVID-19 PANDEMIC

Working business management students were among those who were affected by the COVID-19 pandemic when it comes to managing their finances. This study focuses on the level of financial management of working business students during the pandemic in three areas namely financial literacy, financial planning, and financial behavior. A descriptive research design was utilized by the researchers in the conduct of the study. There were 200 business students who are working who participated in this study. They were chosen through purposive sampling. A standardized survey questionnaire was formulated by the researchers and was sent out and retrieved via Google Forms. Kruskal-Wallis and Mann-Whitney U tests were used by the researchers to test the significant difference between indicators and the profile of the respondents. Results showed that there is a very high level of financial management among those students who are working in terms of the three indicators namely financial literacy, financial planning, and financial behavior. Results showed that financial planning has the highest mean among the three indicators which means it is highly practiced by working business students. It was also revealed in the study that there was no significant difference in terms of financial literacy and financial behavior when analyzed according to the profile of the respondents. There was, however, a significant difference in terms of financial planning and the year-level profile of the respondents. Financial management plays a vital role among working business students as this translate into how well they manage their financial resources.

Design and analysis of management platform based on financial big data.

Traditional financial accounting will become limited by new technologies which are unable to meet the market development. In order to make financial big data generate business value and improve the information application level of financial management, aiming at the high error rate of current financial data classification system, this article adopts the fuzzy clustering algorithm to classify financial data automatically, and adopts the local outlier factor algorithm with neighborhood relation (NLOF) to detect abnormal data. In addition, a financial data management platform based on distributed Hadoop architecture is designed, which combines MapReduce framework with the fuzzy clustering algorithm and the local outlier factor (LOF) algorithm, and uses MapReduce to operate in parallel with the two algorithms, thus improving the performance of the algorithm and the accuracy of the algorithm, and helping to improve the operational efficiency of enterprise financial data processing. The comparative experimental results show that the proposed platform can achieve the best the running efficiency and the accuracy of financial data classification compared with other methods, which illustrate the effectiveness and superiority of the proposed platform.

Financial Management Practices of Restaurant Employees in Cabanatuan City

Financial management practices plays a vital role in the whole restaurant operations and services. Financial manager of a restaurant should take financial management seriously and need to be focused on the best approaches towards planning, monitoring, allocating, and budgeting monetary resources based on the availability of funds to provide high quality services standards. Restaurant business needs to have a good financial managers that could really focus and understand food service industry leading to media brand. The findings meant that restaurant employees in Cabanatuan City had high level of financial management practices especially in management of working capital and investment appraisal techniques. Highest educational attainment (r= 1.135) and major field of specialization (r=.173) had found a positive correlation with the level of financial management practiced. Other variables like age, gender, marital status, and training and seminars had no relationships with the financial management practices. The most challenging part of financial manager is the operating expenses and restaurant operations and services as a whole. These challenges are the menu, customer service experiences, uniqueness from other restaurant, marketing strategies operational challenges, inventory and hiring and training staffs. It is recommended to plan programs for the improvement and enhancement of restaurant employees performance and financial management towards restaurant operations.

Research on Internal Control Risk and Prevention under Financial Sharing Mode of Baosteel

Because of the sustainable development of society and economy and the expansion of the scale of business, many large group companies with many children and sun companies have resulted in the financial organization structure is complicated, the management is chaotic, the capital cost remains high. In this context, many large, small and medium-sized companies have adopted the way of "accounting", that is, through the establishment of "financial resources sharing", "unified" way to achieve "centralized management" and "centralized accounting". Baosteel Co., Ltd. is a representative enterprise. The company has established a "financial sharing" organization, which can greatly reduce the cost of the enterprise, and effectively improve the business condition of the enterprise, and enhance the financial management level of the enterprise. Although financial sharing has many advantages, its advantages are not obvious. The disadvantages are also obvious. For example, the establishment of a financial allocation caused by the personnel flow, the replacement of posts, the adoption of new financial methods and financial system caused by administrative gaps, etc. The above problems have a great impact on the traditional internal management mode. This paper uses the theory of financial sharing and internal control, combined with the theory of internal management of Baosteel Group, discusses the internal control risk faced by the company in the course of operation, and puts forward the corresponding countermeasures.

Research on the Reform and Innovation of Financial Management in Higher Universities under the Double-Class Construction Background: A Case from China University of Geosciences (Beijing)

Under the double-class construction background, the financial management has gradually become one of the most important contents of higher universities. It is the basement of all economic activities in colleges and universities, determines the basic direction of financial management, and is also subject to the overall development goal of colleges and universities. With the transition of the economic system of colleges and universities, the reform of the financial system and the continuous change of the financial management environment, the financial management is facing the challenge of informatization, knowledge and networking, which require colleges and universities to reform the original financial management system and innovate the concept, content and mode of financial management to adapt to the changes of colleges and universities in the new stage. Taking China University of Geosciences (Beijing) as an example, this paper analyses the necessity of financial management reform and innovation, and puts forward several suggestions for reform and innovation of financial management, so as to continuously improve the financial management level of higher universities under the double-class construction background.

The Path Construction of Accounting for Optimizing Enterprise Financial Management

In today's era, in order to gain an advantage in the fierce market environment, enterprises must enhance their core competitiveness, so as to obtain greater economic benefits and create good basic conditions for the long-term and stable development of enterprises. In the process of enterprise development, only by taking financial management as an important part of internal management and supervising financial management through accounting audit can the overall level of financial management be improved. However, from the actual situation of current accounting audit, it has not played a stronger role in optimizing financial management. Based on this, this paper expounds the significance of accounting audit to financial management, studies the problems existing in the process of accounting audit, and puts forward reasonable countermeasures, in order to provide some reference for relevant personnel.

Clusterization by level of financial management of innovation–oriented agricultural enterprises in the conditions of activation of logistics and foreign economic activities, digitalization and change management

Clusterization by level of financial management of innovation–oriented agricultural enterprises in the conditions of activation of logistics and foreign economic activities, digitalization and change management

ANALISIS EFISIENSI DAN EFEKTIVITAS PENGELOLAAN KEUANGAN DAERAH

This study aims to determine: level of efficiency and effectiveness in the financial management. The object of this research is Tanjung Jabung Timur Regency with a range of research years, namely 2010-2020. The analytical tool used is the formula Efficiency and Effectiveness. Based on the results of the study show that: The ability of the government of Tanjung Jabung Timur Regency in 2010-2020 is still less efficient, it is seen from the average level of efficiency in the management of regional finances which shows 97.01% results with the criteria of Not Efficient. From the results of the effectiveness analysis shows that the average value of the effectiveness of the level of financial management in Tanjung Jabung Timur Regency in 2010-2020 is 92.49%,which is asufficiently effective criteria.

Financial Literacy and Personal Financial Management Assessment among Students in Border Area of Indonesia-Timor Leste

Financial literacy has become a global trend and the need for individuals to take responsibility for their finances. Still, financial literacy and financial management have not yet become a course in some universities, especially Timor University, which lies in the border area of Indonesia-Timor Leste (BAITL). Economic literacy and student financial management levels need to be analyzed because they relate to expenditure, income, credit, savings, and investments. This study aimed to evaluate financial literacy level and personal financial management level among college students in BAITL. This research includes quantitative descriptive analysis. Data was collected using a questionnaire from 165 undergraduate college students in the mathematics education department of a public university in East Nusa Tenggara (NTT), Indonesia. The results showed that the total average level of student financial literacy (SFL) was 67.48%. The comprehensive middle student personal finance management (SPFM) is 57.34%, and the estimated result of the linear regression model is SPFM = 3.158 + 0.338SFL. These results were significant at a degree of freedom of 163 and Alpha 5% of the t-test results. From the study results, it can conclude that the personal financial management of students of mathematics education is still low. The level of financial literacy of students in the border area includes less literate. If the SFL is a fixed value, then each increase in SFL of 1 unit will increase SPFM 0.338.

ANALYSIS OF THE FACTORS DETERMINING FINANCIAL MANAGEMENT IN STUDENTS AT THE ECONOMICS FACULTY

This research aims to determine the effect of lifestyle, self-control, and spiritual intelligence on the financial management of students in the Faculty of Economics, State University of Jakarta. The method used in this research is quantitative method. The population in this research is the students of the Faculty of Economic State University of Jakarta in the year 2018 with a total of 268 people. The sample used were as many 158 people using proportional random sampling techniques. The data collection method used is a survey method with a questionnaire. The data analysis techniques used are descriptive statistical analysis, multiple regression analysis test, normality test, linearity test, t test, F test, and coefficient of determination test. Tests from the analysis show that lifestyle, self-control, and spiritual intelligence partially and simultaneously have a positive and significant effect on financial management. This shows that the higher the level of lifestyle, self-control, and spiritual intelligence of students, the higher the level of financial management.

Reflections on the Innovation of Enterprise Financial Management in the Internet Era

In the current situation, our country has fully entered the Internet era. Many emerging application technologies change people’s traditional way of life, which also promotes the sustainable development of modern enterprises. In this era of a big business environment and development background, the traditional single working model of corporate financial management cannot meet the needs of the rapid development of our current economy. This paper mainly studies the financial innovation and role mentioned in the daily financial operation and management of modern enterprises based on Internet finance and summarizes and analyzes some innovative measures, hoping to help improve the financial management level of enterprises.