Financial Management Knowledge Research Articles

SIAPIK PELATIHAN PENGELOLAAN KEUANGAN BERBASIS APLIKASI SI-APIK BAGI PELAKU USAHA PETANI GARAM DI DESA KETEWEL

Loloan salt farmers in Ketewel village are a small business consisting of six people whose production focus is making salt through processing local resources. Salt farmers' knowledge of digital-based financial management is still low. Farmers often use income from sales of salt for personal needs. This will certainly have an impact on unstable cash flow in the business. To reduce the occurrence of unstable cash flows, daily financial recording must be carried out using currently available technology. The role of technology in financial processes is to reduce human errors and increase efficiency, assist inventory management processes, increase data accessibility and security, speed up payment processes and income tracking, and optimize expenses and reduce operational costs. The method used in this village project is in the form of discussions and providing training to salt farmers regarding digitalization-based financial management. The results of this village project activity were able to increase salt farmers' knowledge regarding digitized financial management which includes how to record business through the SI-APIK application. Keywords: Financial Management ; SIAPIK ; Salt Farmers ; Desa Ketewel

Financial Well-Being Of Malay Single Mothers In Terengganu Using The Finwell-Sm Instrument

The objective of the study is to determine more specifically the financial well-being of Malay single mothers in Terengganu. A total of 612 single mothers who have been divorced or their husbands have died were selected in this study. The research instrument was used as a research tool for data collection. The Financial Well-Being Self-Assessment Instrument (FinWell-SM) has been adapted and modified from the Financial Well-Being Scale (MFWBS) as well as previous studies according to the culture of the people in Malaysia. This instrument contains 20 items with 5 measurement scales, i.e. scale 1 represents the choice of strongly disagree (lowest score) and scale 5 represents the choice of strongly agree (highest score). This study has used quantitative methods. The findings of the study were analyzed using the descriptive analysis method of IBM SPSS statistical software. The results of the descriptive analysis found that single mothers in Terengganu have a low level of financial well-being, that is, single mothers have financial problems and they are very worried about those problems. The level of education, employment, monthly income, and household dependents greatly effect the financial well-being of single mothers. Financial challenges also cause the financial level of single mothers to be at a low level. The main effect of the study calls for single mothers to have more skills and knowledge in financial management. In addition, single mothers should be given appropriate assistance from the parties involved so that they do not fall out of the flow of development and can get out of poverty. This study proves that the Single Mother Financial Well-being Self-Assessment Instrument (FinWell-SM) was successfully built and can measure the financial well-being of Malay single mothers in Terengganu.

The factors affecting investment intentions for employees of PT Bank Central Asia, Tbk.

This research was conducted to analyze the effect of Personality Traits, Financial Literacy, and Risk Tolerance on Investment Intentions in environmentally friendly companies with Risk Tolerance as a moderating variable, providing input for environmentally friendly companies so they can be more attractive to investors, and contribute to the science of financial management by developing an understanding of the Investment Intentions variable in environmentally friendly companies. This research used quantitative method. The sample is 280 respondents with purposive sampling technique to the employees of PT Bank Central Asia, Tbk. Data was analyzed with Structural Equation Modelling-Partial Least Square (SEM-PLS). The results are personality traits, financial literacy, and risk tolerance had effect on investment intentions and risk tolerance had a moderating effect between financial literacy and investment intentions. With this research, it is hoped that environmentally friendly companies will manage their companies well and do environmentally friendly things included in its annual report so that potential investors are interested in investing in environmentally friendly companies. This research also expected to enrich the knowledge of financial management by providing an understanding of the Investment Intentions variable in environmentally friendly companies. Keywords:environmentally friendly company financial literacy, risk tolerance, investment intentions, personality traits

The impact of audit committee dimensions on financial reporting efficiency of limited partnership companies listed on the Amman Stock exchange

Currently, the Jordanian economy needs more investment due to the growing financial deficit facing the Jordanian state. Therefore, this study came to increase investors' trust in financial reports issued by Jordanian companies to attract more investments. Based on that, this study will investigate the impact of audit committee dimensions on the efficiency of financial reports of limited partnership companies listed on the Amman Stock Exchange. The data were collected from financial reports issued by 52 limited partnership companies for the year 2021. The study used multiple regression to test the hypotheses. Based on the findings, audit committee dimensions explained the variation in financial reports' efficiency which reached 0.629. The audit committee members' size does not significantly affect the financial reports' efficiency. The significance reached 0.287. However, the knowledge of financial management has a significant positive effect on financial report efficiency; the significance reached 0.000 and the effect volume arrived at 0.699. Also, the findings showed that audit committee meetings have a greater effect on financial reporting efficiency than financial management knowledge. The impact was significantly positive, arriving at 0.790, while the significance reached 0.000. The main research conclusion is that limited partnership companies listed on the Amman Stock Exchange adopt corporate governance to achieve control effectiveness of audit committees to increase financial reporting efficiency to achieve more investments. AcknowledgmentThe publication of this research has been supported by the Deanship of Scientific Research and Graduate Studies at Philadelphia University – Jordan.

Pelatihan Teknologi Digital Dalam Pengembangan Bisnis Berbasis Smart Entrepreneur Model bagi UMKM SigekArt Silungkang Kota Sawahlunto

This service activity aims to increase knowledge and skills in financial management based on digital technology in business development for SigekArt MSMEs. The method of implementing this community service uses training, which consists of several stages, namely activity administration, digital business management assistance and product innovation. The results of this service show that the understanding of partner business management has increased, especially in digital financial management. Partners are also able to increase production by more than 85% per day. The quality of production stitching is also better and neater, because the PKM team provides business capital and industrial sewing machine equipment to partners. Product innovation can also be carried out by partners because there is always assistance from the PKM team.

Analisis Kinerja Keuangan pada PT. Bank Sinarmas Tbk yang Terdaftar pada Bursa Efek Indonesia Tahun 2019 – 2023

The strategic role of banking as an intermediary institution manifests through its ability to gather and channel funds from the public to support economic activities, ultimately enhancing the stability of the country's economic structure. The importance of banking health in the fund collection process requires a sound condition and banking services that attract public interest. Bank health evaluation can be conducted through various methods, including the CAMEL method covering capital, asset quality, management, earnings, and liquidity, as well as the RGEC method encompassing Risk Profile, Good Corporate Governance, Earnings, and Capital. Bank Sinarmas, as one of the public banks in Indonesia, has played a significant role in economic recovery through the distribution of People's Business Credit (KUR) and its success in maintaining the health of the banking sector. This research is descriptive with a quantitative approach, utilizing literature review and documentation as data collection techniques. The results of this study indicate that the financial condition of PT Bank Sinarmas Tbk from 2019 to 2023 can be classified as generally “healthy”. However, in terms of Asset Quality and Management aspects, it falls into the "Fairly Healthy" category, while in terms of Profitability, specifically the Return on Asset (ROA) ratio, it is categorized as "Less Healthy." The findings are expected to serve as a guide for the company, assisting in maintaining a healthy financial state and improving areas that are less healthy to uphold public trust. The research contributes to academic literature, serving as a significant reference for the development of financial management knowledge, particularly in the analysis of financial statements. It is also envisioned as a foundation for further research with similar focuses. As guidance for future researchers, it is recommended to broaden the scope of research by involving other financial ratio indicators, following the latest methods in accordance with the regulatory framework of financial institution supervision in Indonesia.

Improving Financial Management and Taxation Systems in Azzahra Bee Farm MSMEs

Honey bee cultivation is a technique for caring for honey bee colonies that live in hives. Apart from producing honey, bee cultivation can also produce other products such as propolis, pollen and royal jelly. The honey produced by honey bees has been proven to be efficacious in maintaining body health and can treat several types of diseases. Honey bee cultivation is a very attractive alternative for the community so it can be used as a very promising business field to increase income. For this reason, knowledge of financial management and a good taxation system is needed to support the development of the honey bee cultivation business. UMKM Azzahra Bee Farm is an UMKM engaged in cultivating honey bees located on Jl. Melati Raya - I No.6 Sempakata Village, Medan Selayang District. A survey conducted by the PKM team found problems related to financial management and the tax system that were still poorly understood. So far, financial management has not been properly recorded and understanding of the tax system is still very minimal. The PKM team intends to carry out PKM activities using an approach method through counseling and workshops regarding financial management and the taxation system for MSMEs. Through this PKM activity, it is hoped that it will be beneficial for Azzahra Bee Farm MSMEs in the form of increasing knowledge and skills related to financial management and the taxation system for MSMEs.

Analysis of Financial Literacy's Impact on MSME Independence

The goal of this study is to comprehend how financial literacy is interpreted by MSME (Trenggalek Typical Food) players in relation to achieving business independence. As we all know, financial literacy is the capacity to comprehend and apply financial skills in an efficient manner with reference to knowledge of financial services, products, features, benefits, risks, expenses, and financial management, particularly with regard to MSMEs in Trenggalek specialty food managing their business. A prevalent phenomena in the field is the close relationship between the degree of financial literacy and numerous MSME development issues, which can be broadly related. The research focuses on how independent their enterprises are—that is, how they comprehend and apply financial literacy in their activities and behavior—so that they are not dependent on others to meet the goals that MSMEs aspire to. In order to examine the meaning of financial literacy towards the independence of their MSMEs, the author of this research adopts a qualitative, phenomenological approach to capture the reality found in typical Trenggalek food MSMEs. Methods of observation, interviews, and documentation were used in the data collection process. The findings of the study indicate that the level of financial literacy utilised is restricted to a basic comprehension of bookkeeping; however, they are also knowledgeable about savings, banking products, insurance, and deposits. In essence, they comprehend because other parties are involved in the realization of their company independence.

Effectiveness of simulation-based learning in Malaysian higher education: a case study of MonsoonSIM

PurposeHigher education institutions (HEIs) face the formidable responsibility of equipping students with the requisite knowledge and skills essential for a successful transition into the professional workforce. In contemporary education, simulation-based learning (SBL) has emerged as a pivotal tool employed by HEIs to facilitate and enhance the learning experience. MonsoonSIM stands out as a notable simulation-based experiential learning platform, encompassing a wide spectrum of business processes. This study aims to investigate the effectiveness of SBL in Malaysian HEI, with a specific focus on utilizing MonsoonSIM to bolster students' knowledge and skills.Design/methodology/approachTo gather empirical evidence, an online survey questionnaire was methodically distributed to 254 students enrolled in Malaysian HEIs, employing purposive sampling techniques. A total of 114 valid responses were collected and subjected to rigorous analysis using SmartPLS4, leveraging the partial least squares structural equation modeling methodology.FindingsThe outcomes of this investigation shed light on the positive influence of marketing management knowledge on the effectiveness of SBL. However, it was observed that problem-solving and critical thinking skills, financial management and production management knowledge did not exhibit a statistically significant impact on the effectiveness of SBL.Originality/valueThis study contributes to the existing body of knowledge by offering valuable insights into how students engage with and derive learning outcomes from simulation-based educational tools. The findings underscore the pivotal role of integrating SBL into the broader pedagogical framework to enhance the overall learning experience.

The role of financial knowledge and financial literacy in student financial management

A country's high level of finance will encourage the development of its economy. Internal and external factors cause high and low financial management behavior. This study aims to develop a model that examines the three variables that the author has analyzed to determine the factors that can improve student financial management. This study used the associative descriptive quantitative method with a population of 103 respondents drawn into a sample of 72 respondents with a purposive sampling technique using non-probability sampling, using a purposive sampling method. Data analysis techniques using linear regression with the help of SPSS software version 26. The first hypothesis shows that financial knowledge does not significantly affect student financial management, and the second hypothesis is that financial literacy variables have a significant effect on student financial management. The third hypothesis is that financial knowledge and literacy can affect student financial management. This research is expected to make theoretical contributions to the literature in this context, including in the context of financial and banking management

Training on Improving the Implementation of Teaching Factory Learning at SMK Negeri Pagaralam

The «Free Schools» program was launched by the Indonesian government in 2020 to improve the quality of education in Indonesia. This program provides flexibility for schools in designing a curriculum tailored to student needs and potential. The objectives of this community service activity include realizing the vision and mission of the FKIP UPGRI Palembang Accounting Education Study Program, implementing the work program of the FKIP UPGRI Palembang Accounting Education Study Program, as well as providing knowledge and skills in education and financial management for students, teachers, education staff, and the like to face current developments. Learning can be an active process in which individuals construct their own knowledge through thought, experience, and interaction.

Analysis of Financial Planning and The Factors that Influence It: Student Case Study

This research aims to determine the effect of financial literacy, financial behavior and self-control on student financial planning. This research is a quantitative study of 213 respondents using simple random sampling technique with the requirement that students have taken financial planning courses. Data analysis using SmartPLS with two model tests. The results obtained are that financial literacy, financial behavior and self-control have a positive and significant effect on financial planning partially. The findings also show that there is an indirect effect through self-control that financial literacy has a positive but not significant effect, but has a positive and significant effect on the relationship between financial behavior to financial planning. These results indicate that financial management knowledge will be much more useful if it is practiced in everyday life to achieve planned financial goals. For this reason, it is important for the world of education not only to teach financial knowledge, but also to help improve individual behavior so that they have good discipline and self-control.

ANALYZE THE RELATIONSHIP BETWEEN FINANCIAL KNOWLEDGE, ATTITUDES AND PRACTICES AND PREPARATION FOR LIFE IN OLD AGE

In the modern world, grasping financial management knowledge and capabilities is becoming more and more important. Having financial knowledge for youths will help them know how to manage money and be able to make wise and safe financial decisions, ensuring the stable development of individuals and their families in the future. Based on the above assessment results, the research proposes the following recommendations: (i) Training institutions should provide additional teaching content on financial knowledge to youths/ students and integrate it into existing programs appropriately. (ii) Training courses should focus on low-skilled youths because they also seriously lack financial knowledge and often have negative behaviors and attitudes. (iii) For financial practice, youths first need to grasp basic knowledge and know how to make financial plans to manage income effectively. This is the first and an important step of financial practice.

Pengaruh Kualitas Informasi Keuangan Terhadap Kinerja UMKM Di Kota Bandar Lampung

Micro, Small, and Medium Enterprises (MSMEs) are a crucial sector in economic growth. However, they often face challenges in financial management, including accurate and reliable financial reporting. Based on a research activity, it was found that a significant portion of MSMEs do not regularly manage and present financial information. This is attributed to several issues encountered by MSMEs. The main identified problem is the limitation of competent human resources. Most MSMEs lack adequate financial experts. Additionally, some MSMEs face issues such as a lack of understanding of proper financial recording for informed business decision-making. Constraints in time and knowledge of financial management also hinder effective financial information management. This research was conducted on MSMEs located in Bandar Lampung. The sampling technique employed was purposive sampling, in which the researcher specified certain criteria to filter an appropriate sample size deemed relevant to the research objectives. A questionnaire was utilized as a research tool, employing the Structural Equation Model (SEM) for data analysis, including outer model and inner model testing. The research findings indicate that the quality of financial information positively influences the performance of MSMEs in Bandar Lampung.

PELATIHAN MANAJEMEN KEUANGAN PADA UMKM FAJAR KEMULAU CLUB SURABAYA

The knowledge of business management including financial maangement is really needed by the owners of SMEs so they can make financial reports of their businesses. Many SMEs do not separate money for family and money for business. It affects the smooth running of business operations because there is no capital to buy raw materials needed. The training aims to provide knowledge to SMEs about business management, especially financial management, so that SMEs shave knowledge about how to make cash flow, profit and loss reports so that SMEs know the amount of profit generated by their business. The method used is giving lectures (explaining financial management material) and discussions with training participants. The results of this training are expected to increase SMEs' knowledge of business management including basic knowledge of financial management, marketing management and operational management. The results of this training are expected to increase SMEs' knowledge about their business financial plans so that they know cash flow and can make profit and loss reports. SMEs also expected can predict future business plans so that they can increase SMEs' business income and profits.

Optimizing Giri Cendana edutourism as support for the SDGs of Ngrancah Village

Ngrancah Village has the potential for coffee education tourism, which is crucial for supporting the community's economic independence towards achieving the Village Sustainable Development Goals (SDGs). However, there are several challenges hindering business development, such as a lack of strong branding and insufficient knowledge among human resources regarding institutional and financial management. This results in the less organized running of edutourism. Additionally, partnerships and collaboration with village officials are not optimal, further hampering business development. This community service involves activities in the form of outreach, training, and mentoring based on Participatory Rural Appraisal (PRA). The outcomes of these community service activities are as follows: (1) Ngrancah Village's coffee edutourism now has strong branding, expanding its market share; (2) increased knowledge regarding institutional management, enabling members to fulfill their duties and collaborate with stakeholders for business development; and (3) enhanced knowledge and understanding of financial management, leading to the preparation of accountable and transparent financial reports.

EXPLORING SCHOOL HEADS' FINANCIAL LEADERSHIP IN BAGUIO CITY: UNLOCKING PROFICIENCY

This study looked into the financial practices used by school heads in public elementary schools in Baguio City, Philippines. It specifically looked at the relationship between the understanding levels of ten school heads and their gender, experience, educational background, and attendance at accounting and financial management courses. The research employed a qualitative methodology at the Baguio City, mainly utilizing interviews as a means of data collection, with other methods including observation and analysis. Manual analysis was done on the phenomenological qualitative data that came from in-depth interviews and were backed up by documentation. The findings demonstrate that there is a substantial relationship between the level of accounting and financial management skills and participation in financial training sessions, educational background, and past experience as a school head. However, the knowledge of accounting and financial management in schools is not greatly influenced by variables like gender, prior teaching experience, or prior assistant teaching experience. It is noted that most school heads and accounting clerks handle financial concerns on behalf of the school; most teachers and school clerks are not directly involved in these affairs.

Pendampingan Manajemen Tata Kelola Keuangan Keluarga Islami di Kelurahan Kedungdoro Kecamatan Tegalsari Kota Surabaya

The aim of this community service activity is to provide financial management knowledge to the people of Kedungdoro Tegasari sub-district, Surabaya. The method used in implementing community service is through socialization and counseling activities carried out at the Surabyan I Village RT 01 RW 02 Kedungdoro Subdistrict, Tegalsari District, Surabaya City. The activity aims for housewives to understand the importance of the mother's role in the family, especially managing family finances. Family financial management is an activity of planning, managing, storing and controlling funds and assets owned by a family. Family financial management must be planned carefully so that problems do not arise in the future. The socialization and counseling activities are expected to provide knowledge to housewives in Surabyan I Village RT 01 RW 02, Kedungdoro Village, Tegalsari District, Surabaya City regarding financial management activities properly and correctly for family continuity.

Usage of AI in Sustainable Knowledge Management and Innovation Processes; Data Analytics in the Electricity Sector

Successful organisations prioritise product quality and customer satisfaction. Non-financial indicators are crucial for measuring performance, requiring specific financial and technology management knowledge. Effective knowledge management and entrepreneurial activity significantly impact performance, vital to the country’s economic factors. Electricity is crucial to society’s development. Renewable energy sources such as solar, wind, hydropower, and biomass can generate sustainable electricity. Managing environmental, social, and economic aspects is essential for sustainable societal and virtual development. In this study, the central element of novelty is associated with the dependent variable Nominal Labour Productivity per Employee. This research shows that effective knowledge management impacts a company’s business performance. Based on secondary data from various sources, we have used factor analysis to assess the interrelationship between the factors and econometric dimensionalities. Accompanied by this econometric approach, the research methodology aims to present hybrid models based on econometric techniques and artificial intelligence (AI) networks. Based on the principal component method analysis results, we show the interdependence of 30 variables in the micro and macro environment. The new components of the correlated variables show how knowledge and innovation are related to the economic performance of society, and nominal employee productivity is a valuable indicator for measuring economic efficiency. Nevertheless, AI, a knowledge management product, provides helpful comments on the econometric results.

Tindak Pidana Korupsi dan Alokasi Dana Desa

Introduction: The village funds that are managed are expected to realize the welfare of the village community. Community welfare can make a country strong and can compete with other countries. To be able to meet the needs of a quality life, it can be seen from how welfare is. Therefore, welfare is the main value that is always pursued so that humans can realize it. One important factor in realizing welfare is the existence of village funds. Efforts to increase awareness of village officials on the management of state finances, in this case the management of village funds for village officials, require counseling on the allocation of village funds and criminal acts of corruption. The low level of understanding and awareness of the law can be caused by the lack of socialization and supervision, this can be seen from the high level of corruption that occurs in Indonesia, especially in rural villages in Indonesia including Maluku, the lack of community access to knowledge of village financial management certainly causes miss management in village financial management.
 Purposes of the Research: Analyzing Corruption in Village Fund Allocation.
 Methods of the Research: The research method used is normative juridical, with a statutory approach and a conceptual approach. The sources of legal materials used are primary, secondary and tertiary legal materials.
 Results of the Research: The management of village funds in Indonesia, including in the Maluku region, should aim to improve the welfare of village communities. However, unfortunately, there are several obstacles that hinder the achievement of this goal. Low levels of legal understanding and awareness among village officials and village financial management tools contribute to this problem. Therefore, to overcome this problem, serious efforts are needed to improve understanding and legal awareness related to village fund management. This includes counseling on the allocation of village funds and the impact of corruption crimes. Better education and training should be provided to village officials and staff involved in village financial management. Only in this way can we reduce the level of corruption that harms village communities and the country as a whole.