Financial Management System Research Articles

Simulasi Pemanfaatan Sistem Informasi Akuntansi Aksyaa.Com Berbasis Web dan Mobile Bagi UMKM

Financial management has an important role in the success of micro, small and medium enterprises (MSMEs). MSME owners face challenges when improving their business performance due to difficulties in managing their financial resources effectively. One of the factors contributing to this challenge is the mix of their business and personal operating funds. Because of this, a free licensed financial management system start-up called aksyaa.com was developed. Aksyaa.com has features for recording general journals, reporting sales and purchases, and ledgers. Output documents include sales reports, purchases, cash flow statements, balance sheets, and income statements. Aksyaa.com on a web and android basis has been selectively implemented and simulated for several MSMEs as part of community service activities from the Faculty of Engineering, University of Mataram. One of the user partners, MSMEs engaged in selling furniture products in the city of Mataram, managed to use the system by inputting transaction data, so that there were 798 transactions recorded within one month. Output documents are consistently aligned with the list of accounts provided in the system, categorized by transaction type, and when testing the system no bugs were detected.

Retracted: Research on Enterprise Financial Management and Prediction System Based on SaaS Model

Retracted: Research on Enterprise Financial Management and Prediction System Based on SaaS Model

Research on dynamic time warping algorithm and intelligent financial management system based on heterogeneous cellular network

Research on dynamic time warping algorithm and intelligent financial management system based on heterogeneous cellular network

The impacts of industrialization on welfare of expropriated households in Sabata Town of Ethiopia

Land acquisitions for expansion of industries through expropriation have affected means of income generation of evicted people in Ethiopia. The data was analyzed using descriptive statistics and endogenous switching regression. Results showed that the expropriated households have lower total income and higher personal expenditures than the non-expropriated household’s. Besides, the total income of the expropriated households was significantly lower than that of the non-expropriated households. Thus, there should be a restoration mechanisms through the implementation of livelihood improvement fund; provision of share stock from company; training of expropriated people at financial accounting and management system, provision of infrastructure and service facilities, and creation of safe environment for the society.

PENERAPAN MANAJEMEN KEUANGAN SEKOLAH DI SMP NEGERI 1 BAJENG KABUPATEN GOWA

This study aims to determine the mechanism for implementing school financial management at SMP Negeri 1 Bajeng, Gowa Regency. The type of research used in this research is descriptive qualitative with data collection methods through observation, interviews and documentation studies. The data management and data analysis techniques used are data reduction, data presentation and drawing conclusions. The results of this study indicate that the implementation of educational financial management at SMP Negeri 1 Bajeng, Gowa Regency can be carried out in a controlled and effective manner, especially in terms of financial allocation. Although in practice there are still some obstacles experienced by the school. The school education financial management system is implemented with reference to the preparation of the RKAM. The mechanism for implementing educational financial management at SMP Negeri 1 Bajeng includes financial planning, and auditing and financial accountability. With the creation of the RKAM that has been produced by the school during the annual work meeting, this is very helpful and supports the school in achieving the maximum success of each implementation of educational operational activities. The ability of human resources owned by SMP Negeri 1 Bajeng is a supporting factor for the school in overcoming obstacles that occur due to existing financial conditions with priority and unexpected financial expenditures/allocations

ASSESSING ACCEPTABLE AND MARGINAL VALUES OF MARKET VALUE FORMATION FACTORS IN THE VBM SYSTEM

With increasing turbulence in the business community under war conditions, increasing risks and uncertainties, the demand has grown for effective financial management systems for Ukrainian enterprises and effective monitoring and control systems for strategic management. This makes it possible to timely detect undesirable changes in the financial situation and minimize threats to financial stability. The aim of the article is to define the target values and the limits of variation of the factors influencing the market value of the company in the VBM system. It is the methodical basis for efficient financial control of internal reserves to increase the enterprise's market value. Approaches were developed to identify the target balance sheet structure for solving this task. The normative values of the specific weight of individual component assets and liabilities in the balance sheet are used to determine the required level of liquidity, solvency, and financial stability for enterprises. These were obtained as a result of modelling the dependence of the major components of the balance sheet on absolute liquidity volumes. An approach is proposed for establishing acceptable and limiting values of market value formation factors within the value management system. It was found that the target standard and the limits of variation for the factors of the enterprise market value formation depend on the type of factor: factors in the structure of funding sources – are the same for all economic entities and depend only on the availability of absolute volumes of liquidity; the factors of business activity and efficiency – are individual for each business entity and depend on the target options of the effects of economic interaction with stakeholders established during strategic planning.

VALUE-ORIENTED FACTORS IN THE MANAGEMENT OF ECONOMIC SECURITY OF ENTERPRISES OF NETWORK STRUCTURES

This article proposes a mechanism for managing the economic security of enterprises of network structures, defines the main functional goals of this security, and outlines the list of external and internal factors that affect it. Strategic development is highlighted as preventive management of economic security of network structures. Modern aspects of the formation of approaches to value-oriented financial management of enterprises of network structures are outlined, and the need to transform management approaches to finance in the context of a new paradigm of financial management is determined.It is proven that the introduction of modern technologies into the management system of enterprises of network structures, within the framework of the global development of the digital economy, requires a rethinking of the financial flow management system in business processes aimed at assessing the value of business in the overall financial management system.The effectiveness of the influence of modern concepts of value-oriented management on the profitability of the enterprises of network structures during their activity is determined. An analysis of the components of the process of value-oriented management, components and principles was carried out, and modern features of adaptation of these elements to the processes of managing financial flows of enterprises of network structures were determined.

Assessing the Effective Use of State Property: Accounting and Analytical Support and Analysis Methodology

The effective use of state property is one of the topical issues of economic policy affecting the interests of all segments of society. The need to comply with the principle of the effective use of budgetary funds is enshrined in Article 34 of the Budget Code of the Russian Federation. However, while studying the existing system of financial management in Russian practice, it was revealed that the current methodological approaches do not fully solve the tasks enshrined in the budget legislation. This is primarily due to the lack of proper accounting and analytical and methodological support for the relevant management procedures. Thus, the Federal State Information and Analytical System of the Federal Property Management Agency “Unified System of State Property Management” was used as the information base. However, this information system has some significant shortcomings, such as (1) the lack of a single regulatory act on the register at all levels of government; (2) the duplicated information about the property; and (3) there are no indicators and criteria in the register that would reflect effective property use, etc. Secondly, the approaches used to assess effective state property use are based on industry standards (health, education, etc.) in relation to the property and specific equipment necessary for the provision of public services. In this regard, the purpose of this study is to improve the concept and methodology for analyzing effective state (municipal) property use. The main areas for improving the methodology are (1) to develop a unified register of state property as the main source of accounting and analytical information; (2) to assess the property which state bodies and state institutions need to perform their functions and powers in full and of appropriate quality; and (3) to develop unified approaches for assessing the effective state (municipal) property use. As a result, the authors developed proposals introducing a unified register of the state (municipal) property, which includes indicators characterizing the physical state, recognition in accounting, and forms of the property disposal and use, which can be the basis for information and analytical support for assessing the effective state (municipal) property use at all levels. The study represents a system of indicators for assessing the effective state (municipal) property use, which consists of (1) indicators of the property disposal and use that make up the state treasury and (2) indicators of the property disposal and use of economic entities in the public sector. The results of the study are confirmed by empirical studies using the example of public institutions in the field of higher education and executive authorities.

IOT financial management system for energy enterprise management risk and prevention and control strategy under the background of double carbon

Despite the absolute number of developments and products of enterprise management systems and platforms, there are still limited ways to achieve risk assessment of enterprise financial management by energy enterprise stakeholders. To reduce the financial management pressure of energy enterprises as well as to reduce enterprise financial risks, this paper establishes an Internet of Things(IOT) financial management system. The system was also comprehensively evaluated based on the financial risk management status of each company for the period 2016-2020. The results show that a significant increase in the share of non-current liabilities was observed after the introduction of the IOT-based financial management system in 2018. Relative to the 2017 data, the current liability ratio decreased by 2.96%, 7.98%, and 14.59% for 2018, 2019, and 2020, respectively. The ratio of corporate investments to revenue decreased by 8.74%, 22.91% and 16.83%, respectively. Investments as a percentage of earnings decreased by 6.22%, 5.48%, and 6.82%, respectively. The ratio of undistributed earnings decreased by 9.69%, 18.82% and 35.39%, respectively. Finally, the introduction of the IOT's financial management system reduced financial management costs by a factor of 2.822, 4.358 and 5.501, respectively. And the cost of managing people in an integrated manner was reduced by 2.964, 3.012 and 4.004 times respectively.

Research on the Innovation of University Financial Management System Based on Big Data Technology

Research on the Innovation of University Financial Management System Based on Big Data Technology

The Effect of Information System Quality, Perceived Usability, and Information Quality on User Satisfaction of Finance Management System (FMS) Applications

Information technology plays an important role in financial system, company need this for quality improvement. The purpose of this study was to examine and analyze the effect of information system quality, perceived benefits, and information quality on user satisfaction at PT. Wijaya Karya (Persero) Tbk. The number of respondents used as many as 45 employees of PT. Wijaya Karya (Persero) Tbk. This research is quantitative by using the analysis method with SmartPLS3 program. The results of this study indicate that the influence of information system quality, perceived benefits, and information quality have a positive effect on application user satisfaction.

SISTEM INFORMASI PENGELOLAAN DAN ANALISA PERSEDIAAN BARANG METODE RASIO BERBASIS WEB

Financial management is an administrative activity related to budget planning, storing, using, recording and monitoring the entry and exit of money or organizational funds.
 Inventory analysis is an activity to examine an asset issue that includes goods. Turn over inventory is the ratio between the total cost of goods sold and the average value of inventory owned by the company. in the process of managing finances and inventories, it is still carried out using a recording system in a ledger, so it is less effective. Therefore the author will develop a form of information system by selecting CV. Arris AC as research object.
 Based on the problems that occur in CV. Arris AC, the authors provide a solution that can overcome weaknesses by creating an Accounting Information System for Financial Management and Inventory Analysis using the inventory turnover ratio method which can be accessed via the web.
 In other words, this ratio describes how fast inventory rotates.
 web is an application that contains multimedia documents (text, images, sound, animation, video) in it that uses the HTTP protocol with database support for MySQL, Xampp and Adobe Dreamweaver CS6..
 
 Keywords:Accounting, Financial Management,
 Inventory Analysis, Ratio, Web

THE IMPORTANCE OF HEDGING IN FINANCIAL ACCOUNTING

The purpose of the study is that in the financial market, in addition to the money market, there are markets for the purchase and sale of assets in future periods. However, the parties to such contracts have the right or obligation to sell or purchase a financial asset at a fixed price on a fixed date. Such contracts are called derivative financial instruments, since it is believed that the contract price is directly related to the change in the price of the underlying asset. Derivative financial instruments help not only to fix future prices, but also to insure against unfavorable exchange rate volatility. To fulfill the latter function, the country's economy must have a market of derivative financial instruments and a market of underlying assets.Methodology. The methodological basis of the research is the dialectical method of cognition. In the process of research, both general scientific methods (analysis, synthesis, deduction, classification, systematic approach) and special methodological techniques (accounting and tax accounting) are used.Originality / value of the research. In the conditions of instability of the world economy, the accounting of derivative financial instruments as a mechanism of crisis management and regulation in the country, stabilization of the efficiency of business portfolios of economic entities occupies an important place. The practical significance of this scientific article, designed to reflect the specifics of the organization of accounting for financial instruments in the financial risk management system of business owners in an unstable financial crisis, is considered to be quite high.Therefore, in this scientific article we will give a description of theoretical scientific and practical approaches to the peculiarities of accounting for financial instruments.Findings. The article reflects the methods of regulation of accounting for derivative financial instruments through the standards of IFRS 32 «Financial Instruments: provision of information», IFRS 7 «Financial instruments: disclosure of information», IFRS 9 «Financial Instruments». Based on the data, the essence of hedging will be reflected in the accounting and reporting system.

ФИНАНСОВЫЙ МЕНЕДЖМЕНТ: ПЛАНИРОВАНИЕ, ПРОЕКТИРОВАНИЕ И УПРАВЛЕНИЕ

Planning and project management is one of the main tools of financial management and budgeting. Organizational actions and practical steps to analyze financing models in the financial management system are strategic tasks for the development of the project and, in general, the business of an economic entity. Effective forecasting and management of investments and cash flows in the financial management system is the key to successful project co-financing. One of the main areas of planning in the financial management system is financial planning and modeling. Project management at the planning stage in the financial management system is time-consuming and significant. Methods of financial management in project management are aimed at studying the development of the project using its own funds and through co-financing (attracted investments). Financial management at the stage of project planning and development requires financial modeling of current tasks. Budgeting in the financial management system carries the tasks of budget management. Budgetary management is a detailed study of costs and investments, managing them, using a set of traditional methods and management procedures. It is concluded that in the system of financial management - planning, design and business management are vital for the implementation of both current activities and the development of new projects.

DESIGN OF “AKUSAHA” ANDROID-BASED APPLICATION IN THE FINANCIAL MANAGEMENT OF BATIK JETIS SIDOARJO SMEs COMMUNITY

As one of the commercial and industrial cities in East Java, Sidoarjo has great potential in developing the SMEs sector. Uncertain capital constraints are difficult for SMEs. The ability to manage the finances of SMEs entrepreneurs is very important for business performance and business continuity. Without an understanding of SMEs about basic economic concepts, SMEs are unable to make financial management decisions. Most SMEs entrepreneurs, including SMEs entrepreneurs in Sidoarjo, experience this problem in general. Of course the problems faced will have serious consequences in the future, such as capital problems and tax consequences which will certainly affect the sustainability of the SMEs business. This activity is carried out in the form of training and mentoring. This program introduces resource persons who are professionals in their respective fields, through lecture techniques, discussions and mentoring practices, to the application of knowledge sharing methods to create an operational management system for company accounting and financial management. These trainees are members of the Batik Jetis Sidoarjo association who need special treatment in order to quickly rise from adversity and increase their profits by studying operational management of corporate accounting, corporate financial management and corporate governance. The AKUsaha application is an Android-based application developed according to the needs of SMEs. After attending the training, the student team assists the SMEs financial management process using the AKUsaha application face-to-face with SME players every month on Saturdays and Sundays. As a result, SME actors can understand the flow of cash coming in and out of their business, so that they can provide consideration for making business economic decisions. In addition, it is also useful for SMEs for reporting annual tax returns to applying for business capital loans.

МЕТОДИЧЕСКИЕ ВОПРОСЫ ОЦЕНКИ ФИНАНСОВЫХ СТРАТЕГИЙ ПРЕДПРИЯТИЙ

The article considers the types of financial strategies of enterprises and presents a methodology for their evaluation. The as-sessment of possible ways of strategic choice of the enterprise in the future is given. The introduction of the above methodology into the practice of strategic enterprise man-agement will increase the efficiency of using information about the conditions of its activi-ties in order to improve its financial man-agement system.

ФИНАНСОВЫЙ РИСК-МЕНЕДЖМЕНТ В ЭПОХУ ЦИФРОВИЗАЦИИ

The article discusses new opportunities that open up for specialists in the field of financial risk management in the era of digitalization. The authors analyze modern technologies, the inclusion of which in the financial risk management system makes it possible to increase its efficiency. The theoretical signif-icance of the study is to identify the pro-spects and benefits of using big data, cloud computing, neural networks and machine learning in identifying and predicting financial risks in the service sector. Of practical inter-est is the determination of opportunities to improve the financial stability of enterprises due to the availability of more accurate and complete information that affects financial risks.

Coverage, delays and implementation challenges of ‘Direct Benefit Transfer’ in the National Tuberculosis Elimination Programme – A mixed methods study

IntroductionFood insecurity and undernutrition both contribute to the large tuberculosis burden in India. Indian government rolled out the direct benefit transfer (DBT) programme “Nikshay Poshan Yojana” on a national scale on April 1, 2018 largely to provide nutritional support. Hence, it was proposed to take up this study in Western Maharashtra (Pune district) to study the coverage, delays and implementation challenges of ‘Direct Benefit Transfer’ in the National Tuberculosis Elimination Programme as there have only been a limited number of studies conducted regarding the same. MethodologyThis mixed methods study was conducted at Tuberculosis Units (TUs) under District Tuberculosis Officer (DTO) in Western Maharashtra (Pune district) for the duration August 2020 to September 2022. A total of 3373 participants were included for the quantitative component. For qualitative component In-depth interviews of key informants (healthcare providers involved in the implementation of Direct Benefit Transfer) and Focus Group Discussion (FGD) for patients and care givers was done and explored using thematic analysis. ResultsThe total coverage was found to be 76.81%. The health providers reported staff related challenges (overburden and non-cooperative staff), bank related issues (local and cooperate banks not involved in the Public Financial Management System (PFMS) loop and lack of bank account), patient related issues (fear of being scammed), the DBT process (lengthy and complex) and software related issues as major hurdles involved in the scheme's implementation. The challenges to the implementation of DBT reported by the beneficiaries (TB patients) were lack of awareness and disbelief about the scheme, bank related issues (lack of bank account and necessary documents to open account), financial challenges (job insecurity, loans), physical challenges (weakness) and delays in delivering the benefit due to software errors. ConclusionIn the present study the DBT coverage was very encouraging. The common challenges identified by the staff members and patients in the implementation of the scheme were lack of awareness about the scheme, bank related issues and software issues. To increase the coverage of DBT, it is vital that these issues be resolved.

Institutional principles of state financial control development

Relevance of the research topic. In the conditions of transformative transformations, the need to increase the quality level of the institutional foundations of state financial control, taking into account foreign experience, is increasing. It is expedient to improve the approaches to determining the priority directions for the development of state financial control, which will contribute to strengthening the level of manageability of the state finance system. Formulation of the problem. State financial control must meet the important tasks of increasing the efficiency of the use of budget funds, the effectiveness of budget expenditures, which will contribute to social development. Analysis of recent research and publications. The question of the development of state financial control is quite widespread in scientific research. These are the scientific works of well-known domestic and foreign scientists: P. Samuelson, I. Chugunov, L. Lysiak, V. Makogon, V. Oparin, M. Pasichny, V. Pihotskyi, I. Stefanyuk, V. Fedosov, O. Shevchuk and others. Highlighting unexplored parts of the general problem. It is important to increase the level of efficiency of state financial control, the effectiveness of budget expenditures. It is necessary to use state financial control as an effective component of the state financial policy of social development. Setting the task, the goal of the research. The main tasks of the research are to reveal the essence of state financial control in the conditions of social transformation; development of provisions on increasing the level of efficiency of state financial control, the effectiveness of the use of budget funds. The purpose of the study is to reveal the institutional foundations of the development of state financial control. Method or methodology of research. The article uses a set of methods and approaches of scientific research: systemic, factorial, comparative, synthesis, generalization, scientific abstraction and others. Presentation of the main material (results of work). The essence of the institutional foundations of the development of state financial control in the conditions of social transformation is revealed; received further development of the provision on increasing the level of efficiency in the use of budget funds. The mechanisms of the functioning of state financial control as a component of the state finance management system have been improved. Field of application of results. The results of the study can be used in the process of developing the system of state financial control, improving the efficiency of the use of budget funds. Conclusions according to the article. State financial control in the system of regulation of economic relations is an important tool for the implementation of financial and budgetary policy. In order to increase the efficiency of the use of budget funds, it is important to substantiate scientific approaches to the formation of the institutional foundations of the state financial control system, taking into account economic transformations.

Tantangan dan Peluang dalam Digitalisasi Badan Usaha Milik Desa

The current era of digitalization has had a major impact on various sectors. One of them is the Village Owned Business Entity (BUM Desa). The demand for development in the management of BUM Desa includes improving product quality and marketing methods. This training aims to provide participants with an understanding of the challenges and opportunities in digitizing BUM Desa. This training was attended by Bum Desa members who have formed and managed BUM Desa. After attending the BUM Desa challenges and opportunities training, participants are expected to be able to know about how to manage and develop quality BUM Desa products and how to market BUM Desa products and technology-based business management, such as inventory management systems, financial management systems, and sales and marketing management systems, technology-based marketing and promotion. After the training was carried out, the participants already knew about digitization, challenges and opportunities in digitizing BUM Desa.