Financial Management System Research Articles

Applying spending review theory to developing countries: The case of South Africa

ABSTRACT The seminal spending review (SR) theoretical framework by Catalano & Erbacci [2018. A theoretical framework for spending review policies at a time of widespread recession. OECD Journal on Budgeting 17(2), 9–24] draws on the cutback management and related academic literature to articulate the first theory for explaining the ability of medium-term SRs conducted after the global financial crisis of 2008 to effect targeted savings. This literature is however dominated by advanced economies with sophisticated public financial management systems. Comparatively little attention, however, has been paid to theoretical perspectives on developing countries, like South Africa. This article applies this theoretical framework by Catalano and Erbacci to the South African SR initiative in order to interrogate its theoretical and empirical relevance. Proposals are made for enhancing the operationalisation of the organisational and process dimensions of C&E’s theoretical framework to lay a foundation for future empirical research and its policy implications for South Africans SRs are explored.

A census-based health facility assessment datasets for effective review of the Lagos State Health Scheme

This data note provides details of a research database containing 1,256 health facilities in the twenty (20) local government areas of Lagos State, Nigeria. The health facility assessment data was collected across eight domains namely: human resources, basic infrastructure, basic medical equipment and infection prevention, health services in health facilities, medical supplies and commodities, health insurance coverage, financial management system, and clinical governance. The purpose of this publication is to describe the technical approach and methodology adopted for external researchers who may be interested in using them.

Fiscal Policy for Inclusive Growth. A Case Study of Myanmar

Following decades of isolation under military rule, Myanmar initiated historic political reforms since 2011, but faces challenges translating liberalization into broad-based advancement. A dynamic stochastic general equilibrium modelling approach estimated on Myanmar data is used, with simulations quantifying potential growth and distributional impacts of strategic government expenditure reallocations towards infrastructure upgrading, agricultural investments, expanded social transfers and progressive tax reforms. Results indicate sustained infrastructure and rural productivity spending have high output multipliers while well-targeted transfers reduce income inequality. However, institutional absorptive capacities condition realization of social returns. Complementary governance enhancements like project oversight and competitiveness in public investment allocation prove vital. Regional peer benchmarking provides comparative lessons. Altogether, evidence-based fiscal reorientation towards addressing pressing human capital, rural-urban and firm competitiveness constraints can accelerate inclusive growth in Myanmar if pursued prudently. Sustainable expansion requires strengthening public financial management (PFM) systems and results monitoring.

Construction of Enterprise Financial Compliance Management System in the Context of Digital Taxation

In the context of digital taxation, constructing an enterprise financial compliance management system is an important means to ensure compliance with tax regulations, optimize tax management, and improve economic efficiency. As a crucial component of modern tax administration, "digital taxation" imposes new requirements on enterprise financial compliance management. This paper aims to explore how to construct an effective enterprise financial compliance management system under the backdrop of "digital taxation" to enhance the quality of accounting information and financial compliance, thereby reducing financial and tax risks and promoting the sustainable development of enterprises.

Exploring the Association Between Corporate Financial Credit Risk Management and Corporate Value

In the rapidly changing business environment, corporate financial credit risk management has become a key factor in the stable operation and continuous value enhancement of enterprises. Corporate value is reflected not only in its tangible assets but also in its intangible assets and management capabilities. Among them, financial credit risk management, as an important part of corporate management, is increasingly being paid attention to for its association with corporate value. Financial credit risk management involves the identification, assessment, monitoring, and control of risks related to financial activities, which may stem from market changes, credit defaults, operational errors, and more. Effective financial credit risk management not only helps enterprises reduce potential losses and protect asset safety but also enhances the market reputation and competitiveness of enterprises, thereby increasing their overall value. With the continuous development of financial markets and the strengthening of globalization trends, the financial credit risks faced by enterprises are becoming increasingly complex and varied. Therefore, building a comprehensive financial credit risk management system and enhancing the risk management capabilities of enterprises have become key to achieving sustainable development and creating long-term value.

Undang-Undang Desa: Sebuah Kontribusi terhadap Literatur dan Kebijakan

The main focus of this research is on the understanding, implementation, and impact of the Village Law on financial governance at the village level. This research is expected to contribute to the literature on village financial governance, assist stakeholders in designing more effective policies, and encourage further research to optimize the village financial management system in accordance with the times. The normative juridical research method involves literature study and document analysis to understand the legal provisions contained in the relevant laws. The research identifies key principles in the law that impact on village financial management, including budget allocation, financial reporting, and accountability. Through a contemporary review, the research also evaluates the extent to which the laws reflect the dynamics of social, economic, and policy changes in village communities. The results provide an in-depth understanding of the implementation of relevant laws and the challenges faced by village governments in managing their finances. The findings provide a foundation for critical thinking regarding sustainability and improvement in the village financial management system, as well as for policy development that is more responsive to village needs and dynamics.

Early Warning of Financial Risk Management using AGRNN-COA Approach

Financial risk management was used to protect an entity's financial performance and stability, entails detecting, evaluating, and reducing potential risks, such as credit defaults and market swings. It includes tactics including hedging, diversification, and risk limitation. Financial authorities must immediately responsive for financial risk management system that works with the current economic development. This paper proposes a hybrid approach for early pre-alarm warning of financial risk management system and economic development. The proposed hybrid approach is the combined performance of both the Alternating Graph-Regularized Neural Network (AGRNN) and Crayfish Optimization Algorithm (COA).Commonly it is named as AGRNN-COA technique. The major objective of the proposed approach is to give early pre-alarm warning of financial risk management. AGRNN is designed to give early pre-alarm warning of the financial system of the country. The financial risk management from the AGRNN are optimized by using the COA. By then, the proposed model is implemented in the MATLAB/Simulink working platform and the execution is calculated with the present procedures. The proposed method shows better results in all existing like Financial Risk Management Supervised Algorithm (FRM-SVM), Financial Risk Management Deep Neural Network (FRM-DNN) and Financial Risk Management Heap Based Optimization (FRM-HBO). The accuracy level of proposed FRM-AGRNN-COA approach is 98% that is higher than the other existing methods. The specificity and the F-score of the proposed FRM-AGRNN-COA approach is 99% and 97%. The error rate of the proposed FRM-AGRNN-COA approach is 1.8%, which is very less compared to other existing techniques. From the result, it is conclude that the proposed approach based error is less compared to existing techniques.

Strengthening Health Systems in Conflict: Evidence-Based Policies for Quality Care in Yemen

Yemen’s health system has faced formidable obstacles due to the enduring conflict since 2014, resulting in compromised infrastructure, disrupted services, and exacerbated vulnerabilities. This discourse meticulously analyzes the primary health system challenges in Yemen within the framework of the World Health Organization’s six pillars. It subsequently presents evidence-based policy recommendations to enhance Yemen’s health system and ensure the provision of high-quality and equitable care. In terms of service delivery, it suggests augmenting the presence of community health workers, leveraging mobile health technology, rehabilitating facilities, and improving emergency obstetric care. Regarding the health workforce, it proposes financing mechanisms for adequate remuneration, task-shifting strategies, embracing telemedicine, and fostering partnerships with universities. To strengthen information systems, it advocates for the enhancement of facility reporting, the implementation of national surveys, the utilization of mobile phone surveys, and the adoption of robust health information software. Regarding essential medicines, it recommends reorganizing regulations pertaining to selection, procurement, storage, and distribution. For health financing, it highlights the importance of increasing domestic budget allocation, implementing user fee exemptions, adopting performance-based financing mechanisms, and strengthening financial management systems. Last, in terms of governance, it emphasizes the need for transparent and accountable leadership, effective coordination mechanisms, and inclusive policy-making processes. Yemen requires sustained political commitment and adequate resources to facilitate the comprehensive reconstruction of its health system.

Analysis of Financial Management and Supervision at Nurul Izzah Kindergarten in Medan

This study is aimed at examining the financial management and supervision system, along with efforts to enhance them, at Nurul Izzah Kindergarten. Employing qualitative methods, such as observation, interviews, and documentation, data was gathered directly from the school's leadership. The analysis reveals shortcomings in financial management and supervision at Nurul Izzah Kindergarten. The financial budget system faces challenges with overdue tuition payments and limitations on government BOP funds. Additionally, financial supervision primarily involves internal parties, neglecting external stakeholders. Consequently, there are implications such as insufficient funds for school facilities and infrastructure, hindering the development of financial management and transparency in financial reporting.To address these issues and enhance financial management and supervision, several measures are proposed. These include establishing a competent finance team, implementing an effective accounting system, ensuring transparency in financial information, and conducting regular evaluations and improvements for the future progress of Nurul Izzah Kindergarten.

Architecting an enterprise financial management model: leveraging multi-head attention mechanism-transformer for user information transformation

Financial management assumes a pivotal role as a fundamental information system contributing to enterprise development. Nonetheless, prevalent methodologies frequently encounter challenges in proficiently overseeing diverse information streams inherent to financial management. This study introduces an innovative paradigm for enterprise financial management centered on the transformation of user information signals. In its initial phases, the methodology augments the Transformer network and self-attention mechanism to extract features pertaining to both users and financial data, fostering a more cohesive integration of financial and user information. Subsequently, a reinforcement learning-based alignment method is implemented to reconcile disparities between financial and user information, thereby enhancing semantic alignment. Ultimately, a signal conversion technique employing generative adversarial networks is deployed to harness user information, elevating financial management efficacy and, consequently, optimizing overall financial operations. The empirical validation of this approach, achieving an impressive mAP score of 81.9%, not only outperforms existing methodologies but also underscores the tangible impact and enhanced execution prowess that this paradigm brings to financial management systems. As such, this work not only contributes to the state of the art but also holds promise for revolutionizing the landscape of enterprise financial management.

The Influence of Perceived Usefulness and Perceived Ease of Use within The Regional Government Information System (SIPD) on Regional Financial Management System


 
 
 This research is motivated by one of the factors in realizing good governance as a system that has been published by the government, namely SPBE to utilize Information Technology as a means of realizing good governance. SIPD is part of SPBE which is designed as an internal local government system for financial management so that this information can provide effective benefits in decision making. The problem is that the system can run well if its users accept and understand it well. Factors that influence the increase in its use is the acceptance of each individual who becomes a user. This study aims to determine the effect of Perceived Usefulness and Perceived Ease of Use (perceived ease of use) of Regional Government Information Systems (SIPD) on the Application of Regional Financial Management Systems in North Minahasa Regency. The approach used is quantitative with this type of correlational research. Data collection using a questionnaire. Data analysis technique using multiple regression. The results of this study can be concluded that the Perceived Usefulness of SIPD has a positive and significant effect on the application of the regional financial management system in North Minahasa Regency with a coefficient of determination of 53.90%. Perceived Ease of Use (perceived ease of use) SIPD has a positive and significant effect on the application of regional financial management systems in North Minahasa Regency with a coefficient of determination of 18.60%.
 
 

The use of methods and tools of financial management in the organisation management system

Relevance. The relevance of the subject is conditioned upon the fact that while doing business, a financial manager faces many problems related to the financial management system, as a result of which there is a need for rational use of financial resources. Purpose. This study is aimed at identifying methods and tools of financial management in the organisation management system. Methodology. The leading approach to the study of this problem is a combination of synthesis and analysis methods, which, complement each other and allow comprehensively considering the process of optimising the company's activities through the use of basic methods, concepts, and tools of financial management. Results. The main results obtained within the framework of this study are the consideration of the essence of financial management, the identification of its role in the financial management system at the enterprise, the identification of the main methods of financial management in the management system, the substantiation of the tools through which these methods are implemented, and the formulation of the main difficulties of the organisation of the financial management system, which an enterprise may face. Conclusions. The study's conclusions significantly influence the rational and effective use of capital, financial resource enhancement, and investment volume increase, enabling enterprises to improve their competitive advantages in the market and generate profits, which is the ultimate goal of any business management. Keywords: management; financial management; business optimization; financial management methods; financial management tools

PENGARUH PEMAHAMAN PENGELOLAAN KEUANGAN, SISTEM AKUNTANSI KEUANGAN DAERAH, TERHADAP KINERJA PEMERINTAH DAERAH KABUPATEN ENDE

The aim of this research is to determine the effect of understanding the financial management of the regional financial accounting system on the performance of the Ende Regency Regional Government. The population in this study was the Head of Section, Secretary and Treasurer for Finance, totaling 159. The sampling technique used purposive sampling, namely the Head of Section, Secretary and Treasurer for Finance in SKPD Ende Regency, totaling 60 people. This type of research uses the type of causality research. This study uses primary data, namely a questionnaire. Data were analyzed using multiple regression analysis which was processed through 1MB SPSS Statistikcever 25. The results of this study indicate that: (1) Understanding of financial management has a significant positive effect on the performance of the local government of Ende Regency. This can be shown by the coefficient value of the variable understanding of financial management of 0.202 with tcount > ttable (4.808> 2.202) and a significant level of understanding of financial management is 0.000 <0.05. (2) The regional financial accounting system has a significant positive effect on the performance of the local government of Ende Regency. This can be shown by the variable coefficient of the regional financial accounting system of 2.239 with tcount > ttable (2.239> 2.002) and the significant level of the regional financial accounting system is 0.029 <0.05. Simultaneously, the variable understanding of financial management and regional financial accounting systems on local government performance is 29.4 while the remaining 70.6% is influenced by other variables not included in the study.

ANALYSIS OF THE IMPLEMENTATION OF THE DIGITAL ECONOMY AND ITS IMPACT ON PROFIT EARNINGS OF BERKAH DELIVERY MSMEs

The growth of a region can be seen through its economic growth. The Lamongan economy of Indonesia, based on the amount of Gross Regional Domestic Product based on current prices in 2022 reached Rp 45.44 trillion and based on constant prices in 2010 reached Rp 29.45 trillion. Lamongan's economy in 2022 experienced an accelerated growth of 5.56% after previously growing in 2021 by 3.43%. In terms of production, the Transportation Business Field experienced the highest growth of 15.82%. The digital era gave rise to the phenomenon of the digital economy which later became a trend in the development of the business world. Berkah Delivery is a pioneering MSME in Lamongan engaged in transportation and goods delivery services. Its activities utilize economic digitalization ranging from marketing, online service methods, and payments. This study is intended to examine how implementing the digital economy is carried out and how it impacts profit generation by minimizing operational costs. This research was conducted qualitatively descriptively with case studies and using literature studies. The results of the research are expected to contribute to the right discourse and recommendations for MSME players who implement the digital economy system as a business revolution. The result of this research is that Berkah Delivery Lamongan has utilized the digital economy with its marketing mechanism through social media. The service system also uses an order system through wa and for payment using digital wallets or via transfer. However, the implementation of economic digitalization has not been fully in-depth because of the lack of digital literature. Financial management and payroll systems are still carried out manually, but in this case, it is shown that the operational costs incurred can be minimized because there is no need to provide physical space or operational maintenance of the building in its business.

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Pengaruh Pengelolaan Keuangan Daerah dan Sistem Akuntansi Keuangan Daerah terhadap Kinerja Keuangan Pemerintah: Studi Empiris pada OPD Provinsi Sumatera Barat

This study aims to analyse the influence of regional financial management and regional financial accounting system on government financial performance. The research was conducted at the West Sumatera Province Regional Apparatus Organization. The sampling technique uses purposive sampling. Method Data collection was carried out using a questionnaire. Regression analysis Multiple tests were carried out to test the hypothesis using SPSS 20 with results research shows that regional financial management has a positive effect on government financial performance while the regional financial accounting system does not has an influence on the government's financial performance.

The impact of accounting informatization on financial management of resource-based enterprises

Accounting informatization is an integral part of corporate financial management, accurately recording and tracking the company’s financial status. A financial management system based on accounting information can provide more reliable help in decision-making. Especially for resource-based companies. This paper takes China Nonferrous Metals Co., Ltd. as an example to explore the impact of accounting informatization on the financial management of resource-based enterprises, thereby providing effective financial management solutions and decision-making support for resource-based enterprises. It will also inject new blood into this field by analyzing the relationship between accounting informatization and financial management of resource-based enterprises and how it works. Finally, the article also puts forward effective suggestions on how to effectively deal with the problems existing in the operational level of accounting informatization, further improve the implementation efficiency of accounting informatization, and enrich the practical application content of accounting informatization.

Strategi Menyusun Manajemen Keuangan dalam Lembaga Pendidikan Islam

Educational financial management plays a crucial role in Islamic Education Institutions. Therefore, a strategy is necessary for the survival and development of these institutions. The relationship between educational institutions and financial management is inseparable. This research employs the library research method and gathers data from Mendeley, Publish or Perish, and Google Scholar applications. During the research process, researchers will analyse case studies, implementation examples, and financial reports from previous educational institutions. They will also analyse policies and regulations related to financial management in educational institutions that are implemented in various settings. The aim of this research is to provide a solution for achieving the goals of Islamic Education Institutions by improving their financial management system. The research findings indicate that effective educational financial management strategies are not only based on the principles of planning, organizing, actuating, and controlling, but also require human resources with both professional competence and a correct understanding and implementation of Islamic law, from an Islamic perspective. It is important to note that Islamic rules are more intricate than scientific discoveries.

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.

Commercial Bank Loan Risk and Prevention

Under the environment of China's market economy, the healthy and stable development of commercial banks is an important guarantee for the healthy operation of the social and economic system. As an important part of the financial management system, credit management of commercial banks is not only related to the sound development of commercial banks, but also has a direct impact on the stability of the whole society. At the same time, risk factors in financial activities are always following, and if there is no reasonable avoidance and prevention of financial risks, it will affect and threaten the survival of financial institutions. In such a situation, commercial banks should attach great importance to the prevention and control of loan risks, establish reasonable control strategies based on the actual situation, optimize the risk management system, continuously improve the level of risk management and control, ensure that the healthy operation of the financial system has good depth and breadth, and lay a solid foundation for the sustainable development of commercial banks. This paper discusses the risk and prevention of commercial bank loans from the aspects of the concept and characteristics of commercial bank loan risk, the current problems in the risk management and control of commercial bank loans, and the countermeasures to the risk management and control of commercial bank loans, so as to provide reference for promoting the healthy development of the financial industry and standardizing the management of financial enterprises.