Principles Of Financial Management Research Articles

FEATURES OF ENTERPRISE MANAGEMENT USING SCIENTIFIC METHODS OF INTERNATIONAL MANAGEMENT

Topicality. One of the modern features is the growth of economic interdependence of countries in the context of globalization and diversification of commodity, financial, investment and other markets. This trend determines the specifics and features of the development of foreign economic activity, which plays a crucial role in strengthening international integration processes. In the researched scientific works considerable attention is paid to the organization of foreign economic activity, research of aspects of efficiency of management of foreign economic activity.Aim and tasks. In view of this, the main purpose of the study is to systematize approaches to determining the financial management of foreign economic activity and outlining its own vision for the realities of the domestic economy.Research results. Financial management as a system of principles, means and forms of organization of monetary relations of the enterprise, aimed at managing its financial and economic activities, which include: development and implementation of financial policy of the enterprise; information support; evaluation of investment projects and formation of a "portfolio" of investments; current financial planning and control. Evaluation of investment efficiency is central to the process of justification and selection of possible options for investing in investment projects, and therefore is the key to successful investment activities. Among these tools the author singles out: financial planning of financial flows; purchase and sale of currencies to service various transactions; purchase and sale of shares and other securities on international financial markets; operating with own securities in foreign markets; currency risk management. In the scientific literature we also emphasize the concept of international financial management, which is interpreted as a system of economic decisions arising from the implementation of financial management in the internationalization of economic activity of the firm. In our opinion, the proposed definition is too narrow for the concept of international financial management, but it can be used to define the concept of financial management of foreign economic activity. Thus, the concept of financial management of foreign economic activity combines three categories, namely finance, management and foreign economic activity.Conclusion. Management of investment attractiveness of domestic enterprises is based on the analysis of indicators of financial condition, while effective management of financial activity of the enterprise is provided by realization of the basic principles of financial management as a component of the general management of the enterprise. Our study is determined by sound recommendations and suggestions for improving modern methods and introducing more modern approaches to improving the efficiency of enterprise management in the international arena.

PENGARUH PENERAPAN SISTEM PENGENDALIAN INTERN,PEMAHAMAN STANDAR AKUNTANSI PEMERINTAH,SISTEM INFORMASI AKUNTANSI KEUANGAN DAERAH, DAN PRINSIP PENGELOLAAN KEUANGAN TERHADAP KUALITAS LAPORAN KEUANGAN PEMERINTAH KABUPATEN BADUNG

The Government Regulation regarding Government Accounting Standards states that financial statements are structured reports of financial position and transactions conducted by a reporting entity. The quality of financial reports can be said to be of quality if they can meet the qualitative characteristics of financial statements contained in Government Regulation Number 71 of 2010 concerning Government Accounting Standards, namely: Relevant, Reliable, Comparable, Understandable. Many factors affect the quality of financial reports, this research uses internal control system variables, understanding of government accounting standards, regional financial accounting information systems, and regional financial management.
 The main objective of this research is to find out whether there is an influence from the internal control system, understanding of government accounting standards, regional financial accounting information systems, and regional financial management on the quality of financial reports at 38 OPDs of Badung Regency. The number of samples taken was 114 people, with purposive sampling technique. Data collection was carried out using a questionnaire. The data analysis technique used is multiple linear regression. The results showed that the application of the internal control system, understanding of government accounting standards, regional financial accounting information systems, and financial management principles had a positive effect on the quality of financial reports.

ФИНАНСОВЫЙ МЕНЕДЖМЕНТ В ГОСУДАРСТВЕННОМ СЕКТОРЕ

The article substantiates the relevance of implementing the principles of financial management in the public sector. Based on the analysis of foreign experience, the mechanisms for monitoring and evaluating the quality of financial management of public administration bodies and chief administrators of budget funds are revealed. The expediency of introducing a risk-based methodology in the management of budget resources of the Russian Federation is revealed.

ВПЛИВ НА ЛІКВІДНІСТЬ ГРОШОВИХ ПОТОКІВ УСЕРЕДИНІ БАНКУ

The purpose of the article is to determine an objective approach to the funding of assets from various resources and to assess the impact of cash flows within a bank on its liquidity position. Methods of theoretical generalization and comparison to define an economic substance of the bank asset and liability management, a systematic approach to consider the management of assets and liabilities as interrelated elements of a single system; the method of analysis and synthesis to study liquidity indicators, the method of tabular presentation of data, and the abstract-logical method to substantiate theoretical generalizations and conclusions were used. The issue of maintaining liquidity during the global downturn requires priority attention from the management and analytical service. Central banks of all countries in the world establish, maintain strict control and regulate various indicators of bank liquidity, trying to avoid a banking crisis, since the bankruptcy of one or several banks may lead to destruction of the payment system and cause major problems in the economy. Most modern banks which are focused on long-term activities, when resolving “profitability – liquidity” dilemma, give preference to ensuring a sufficient level of liquidity even in the face of a possible loss of certain income. Despite constant changes and improvements in the liquidity ratio system, modern banks mainly use accounting data for the liquidity ratio calculation disregarding the analysis of the bank’s cash flows which should be carried out in accordance with the basic principles of financial management, the principle of comparing asset-liability maturities and risk levels in particular. Our view is that in analyzing all banking standards and ratios, not only the ratios of various assets and liabilities should be calculated based on the bank’s balance sheet data, but also the sources of formation of certain assets from various resources should be taken into account. In our opinion, it is extremely important to have regard to the situation when the bank’s short-term liabilities (liabilities at call) form its long-term and medium-term requirements. In order to find out an actual situation with the bank’s liquidity position, we should analyze which short-term liabilities were used to form its loan and securities portfolios, as well as other risky and long-term assets. In our opinion, this can be done by making the following adjustments: 1. To reduce the amount of liquid assets by the amount of liabilities at call placed in risky assets. This approach is based on the fact that liabilities at call, which can be withdrawn at any time, are not liquid. In a situation when it is required to make urgent payments, there will be a need for urgent borrowing of additional funds. This may either be difficult to do, or it may be done at an unfavorable interest rate. 2. To increase the amount of short-term liabilities by the amount of that part thereof that was used to form long- and medium-term requirements. This will also reduce the liquidity ratio, but provide the necessary information about its actual level, taking into account the risk formation of the bank’s asset portfolio. An absolute liquidity ratio calculated using the balance sheet data was 63%. When it was adjusted assuming that the bank’s liabilities at call were placed in medium and long-term assets, a decrease by 35% was obtained after reducing the amount of liquid assets, and this figure was decreased by 20% when the amount of short-term liabilities was increased in the calculation. In order to find out an actual situation with the bank’s liquidity position, it is proposed to reduce the amount of liquid assets by the amount of liabilities at call placed in risky assets, or increase the amount of short-term liabilities by the amount of that part thereof that was used to form long- and medium-term requirements.

PENGARUH KOMPETENSI SUMBER DAYA MANUSIA, SISTEM PENGENDALIAN INTERN, DAN PRINSIP PENGELOLAAN KEUANGAN DAERAH TERHADAP KUALITAS LAPORAN KEUANGAN PEMERINTAH DAERAH (Survei Pada Pemerintah Daerah Se-Eks. Karesidenan Surakarta)

This study aims to determine the effect of human resource competencies, internal control systems, and the principles of regional financial management on the quality of local government financial reports. This research was conducted using a survey method of the civil apparatus of the Se-Eks regional government. Surakarta Residency. The type of data used is quantitative data. The data source used is primary data. Data collection techniques with interviews, questionnaires, and documentation. The population in this study were all civil servants of the state government of the Se-Eks. Surakarta Residency. The sample used in this study is the state civil apparatus in the regional government accounting department. Surakarta Residency. The sampling technique is done by using purposive sampling method. This research shows that human resource competencies, internal control systems, and regional financial management principles affect the quality of financial statements.

Pengembangan UKM Aksesoris Mebel dengan Media Pemasaran Teknologi Informasi

The purpose of the community service is to provide training and use IT. Partners in this activity are UKM Cipto Logam. The training stages used are the observation and interview stage, the stage of IT application, the stage of training and mentoring for the use of IT, the stage of collaboration with the government, and the stage of monitoring and evaluation. The result of the activity are : 1) UKM furniture accessories have online marketing media at the level of craftsmen, one of which in the presence of metal copyright sales information system by the craftsmen themselves. 2) UKM furniture accessories have financial management principles in a simple accounting principle so that craftsmen can manage finance neatly.

VILLAGE GOVERNMENT OFFICIALS' UNDERSTANDING OF THE VILLAGE FINANCIAL SYSTEM INDICATORS: A CONFIRMATORY FACTOR ANALYSIS

Purpose of the study: The research inspiration is the implementation of the Village Law and the dispensing of Village Funds in Indonesia. The considerable measure of Village Funds requires progressively complex responsibility. With limited time and insufficient human resources, there is an inclination of the Village Fund to leak caused by errors and irregularities.
 Methodology: We utilize questionnaires, interviews, convenience sampling method, and the confirmatory factor as an analysis tool. There are 312 village officials from 83 villages in Central Java, Indonesia, who participated in this research. This examination scans to investigate the indicators that we can identify with town administration and comprehension of the Village Financial System or Sistem Keuangan Desa (Siskeudes).
 Principal Findings: The results of the confirmatory factor analysis indicate that all indicators are feasible to be used as indicators of measuring all variables. Besides, the Pearson correlation value of all indicators for the total indicators of each variable is significant. It means that the indicators of all constructs in this study are valid and highly correlated.
 Applications of this study: This examination is still all-around ahead of schedule. So far, there has been no exploration in Indonesia identified with village administration. Consequently, in this investigation, it was expected to incorporate variables that could conceivably have an association with village administration generally and Siskeudes explicitly, since the order of Law No. 6 of 2014.
 Novelty/Originality of this study: There are six original, perceptive variables, specifically: Siskeudes understanding, village financial management principles, village fund allocation, village financial administration, village financial reporting and accountability, and village assets report. There are 54 new indicators tested in this research. Further research can utilize the indicators to measures the village government officials' understanding of Siskeudes.

IMPERATIVES OF STRATEGIC FINANCIAL MANAGEMENT OF TERRITORIES IN THE CONDITIONS OF ASYMMETRIC DEVELOPMENT

Introduction. The defined strategic vector of Ukraine in the direction of forming partnership with the European communities requires from the regions the increased attention concerning a substantiation of financial policy through effective management. In the system of effective management, it is important for the financial authority to assess the capacity of the territory, outline the components to the ability to form a revenue base, take into account changes in budget and tax policies and strengthen the motivational component for development and development. Goal. Therefore, special attention needs to be paid to the development of a strategic model of financial management, which will move towards sustainable development, while systematically forming a resource, acting and responding through an efficiency multiplier. Method (methodology). Methods of theoretical generalization, grouping and systematization, logical generalization, graphic, modelling were used in the scientific search of the problem, which allowed to identify the problem and substantiate the results of the research in the system. Results. The strategic principles of financial management of territories in the conditions of budget decentralization are defined, which consist in definition of components of level of efficiency of financial management, construction of algorithm of collaboration in territorial management system and development of system strategy of financial management. Conclusions. A system strategy of financial management in the conditions of decentralization has been formed, which envisages outlining the structural guidelines of budget efficiency, determining the priority tasks of management for the respective region, taking into account its socio-economic specifics. It is substantiated that the strategy works through the components of the level of efficiency of financial management, principles and imperatives of continuous development, which ultimately provides a synergistic effect. It is determined that the symmetry of collaboration, parity, coherence and optimization provide a multiplier of budget efficiency.

Issue of Financial Management Practices among SMMEs: A Case Study of Former Transkei Homelands in Eastern Cape Province South Africa

NOTE: THIS ARTICLE WAS PUBLISHED WITH THE INFORMING SCIENCE INSTITUTE. Aim/Purpose...................................................................................................................................................................................................... The goal of this study was to investigate the financial management practices of SMMEs operating in under developed regions as a challenge facing SMMEs operating in underdeveloped regions using former Transkei Homelands in Eastern Cape Province as a case study. Background......................................................................................................................................................................................................... In South Africa, the works of Cameron and Miller (2008) highlights that South Africa is ranked among top countries in the world with high failure rates of SMMEs during the first year of establishment. This calls for continues research works to identify factors that could be impeding the progress of SMMEs in South Africa. According to Jayansankaran, (1999) proper financial management practices are among the key deciding factors when it comes to the survival of SMMEs. Mostly SMMEs in underdeveloped regions are owned and managed by one person, the lack of financial management competence on the side of the SMMEs owners or managers in turn could bring serious consequences to the financial stability and grow of the SMMEs. It is against this background that this study focuses on financial management practices among SMMEs entrepreneurs operating their businesses in former Transkei Homelands where survival of SMMEs are critical for economic development of the region. Methodology....................................................................................................................................................................................................... The researcher in this study uses both quantitative and purposive sampling approaches to design an exploratory study to sample 68 SMMEs owners/managers based in the various towns of the selected region. Contribution........................................................................................................................................................................................................ This research will add to the growing knowledge about identifying factors that may be impeding survival of SMMEs. Findings .............................................................................................................................................................................................................. The major findings of the study revealed that 95.59% of the owners/managers have no financial management/accounting skills as well as 58.82% of the internal system of recording financial transactions are not audited. Recommendations for Practitioners................................................................................................................................................................. In view of the findings it is recommended that agencies charged with looking after SMMEs provide training in the area of financial management skills for the SMMEs owners/managers. Recommendation for Researchers.................................................................................................................................................................... Future studies can include the other four principles of financial management principles highlighted by Armstrong (2001). Impact on Society............................................................................................................................................................................................... The research will assist to highlight to funders of SMMEs, policy makers and business support agencies the need for educating SMMEs entrepreneurs especially those operating their businesses in underdeveloped regions in proper financial management practices in order to curve the problem of cash flow faced by SMMEs which leads to SMMEs failure. Future Research................................................................................................................................................................................................. Exploring the skills of the SMMEs entrepreneurs’ to prepare, understand and interpretation of financial statements are critical in this context.

CONCEPTUAL BASIS OF FINANCIAL MANAGEMENT OF LIQUIDITY AND SOLVENCY OF ENTERPRISE

The main conceptual principles of financial management of agricultural enterprises' liquidity and solvency are investigated in the article. The purpose is to identify the relationship between the competitive strategies of agricultural enterprises and their financial indicators of liquidity and solvency. To achieve the goal of the study was divided into two main phases. First, the relationship between competitive strategies of agricultural enterprises and their financial results was examined. Four strategic variables were selected to represent competitive strategies: type of activity; the degree of diversification; liquidity level; and the level of solvency. The financial performance of an agricultural enterprise was represented by five variables: return on assets, return on equity; asset turnover; current liquidity; fast liquidity. The following key variables were selected to represent agricultural enterprise strategies: direction; method; diversification; financial planning; functionality; resource; financial performance indicators; and determining indicators of financial and economic activity. The results showed a significant correlation between the competitive strategies of agricultural enterprises and their financial indicators of liquidity and solvency. The type of activity is related to profitability, solvency and liquidity. Profitability was also influenced by the level of production diversification. However, the degree of diversification and scale of production had strong links with turnover; it was found that agricultural enterprises consider expansion through internal expansion as their most important development strategy. Innovation and advanced technology were seen as important functionalities of the strategy. Management, skilled workers and cash are the three most critical resources. Cash flow was considered to be the most important financial performance indicator, although the market was seen as the most important determining indicator of financial performance of liquidity and solvency.

Pendampingan Pembukuan Keuangan Sekolah Pada SD Negeri Emereuw, Organda, Distrik Abepura Kota Jayapura

In improving the quality of schools and education is closely related to school-based management (SBM), in terms of developing primary and secondary education. In the current conditions, SBM has not received good attention, and even tends to not be understood by the school as one of the important factors in supporting the expected implementation governance of educational sector. Schools have a duty to manage fincances based on financial management principles so that the money in circulation can be utilized optimally. Optimal school financial management forces schools to make the process of school financial management as good as possible. For this reason, efforts are needed in improving school financial management that can increase transparency and public accountability. In terms of school financial management, the role and competence of Human Resources (HR) are major factors in improving the quality of school financial management. Based on an analysis of school financial management problems that occured, it is necessary to provide assistance during the SBM management process.

PENDAMPINGAN PEMBUKUAN KEUANGAN SEKOLAH PADA SD NEGERI EMEREUW, ORGANDA, DISTRIK ABEPURA KOTA JAYAPURA

In improving the quality of schools and education is closely related to school-based management (SBM), in terms of developing primary and secondary education. In the current conditions, SBM has not received good attention, and even tends to not be understood by the school as one of the important factors in supporting the expected implementation governance of educational sector. Schools have a duty to manage fincances based on financial management principles so that the money in circulation can be utilized optimally. Optimal school financial management forces schools to make the process of school financial management as good as possible. For this reason, efforts are needed in improving school financial management that can increase transparency and public accountability. In terms of school financial management, the role and competence of Human Resources (HR) are major factors in improving the quality of school financial management. Based on an analysis of school financial management problems that occured, it is necessary to provide assistance during the SBM management process.
 
 Keyword : School Financial Administration, Bookkeeping, Treasurer

School Financing Strategies in Quality Improvement (Case Study at Sambas 2 State Junior High School)

Financing education in schools is an important thing in effort to improve the quality of education. This study aims to (1) Planning financing strategies in improving school quality; (2) Implementation of financing strategies in improving school quality; and (3) Evaluation of financing strategies in improving school quality. The research approach used is qualitative research with a type of case study research. Data obtained through observation, interviews, and documentation in obtaining data. The stages carried out in the research are the stages of preparation, implementation, and reporting. Data were analyzed by analyzing data, compiling data, synthesizing, looking for patterns, finding out what was meaningful, what was researched and decided to be reported systematically. The results obtained from this study are (1) Planning strategies for improving the quality of Sambas 2 State Junior High School compiled and outlined in the form of RKS and RAPBS; (2) Implementation of financing strategies in Sambas 2 State Junior High School using economic unit strategies, donations of school committee funds and parents of students, submitting proposals to the government and school committees and BOS; (3) Evaluation of financing strategies in improving the quality of education in Sambas 2 State Junior High School is carried out through four stages: evaluation of results of activities for a year/semester and/or quarterly, evaluation of employee performance results through programs, evaluation carried out in accordance with organizational mechanisms, and evaluation analysis SWOT includes the results of internal and external analysis; (4) Evaluation of financing strategies at Sambas 2 State Junior High School is done by making school financial reports which are divided into several items according to the technical reporting guidelines. Based on the results of the study stating that the implementation of the quality improvement strategy through financing strategies at Sambas 2 State Junior High School has been running very well and is in accordance with the principles of financial management and the process of improving the quality of the institution.

Budget Management for the Maintenance of the Sirah Pulau Padang-Pampangan Road (Study at the Ogan Komering Ilir Regency Public Works and Spatial Planning Office)

ABSTRACT
 This research is motivated by the poor implementation of the maintenance of the Sirah Pulau Padang-Pampangan road, the maintenance activities have not reached the target and the condition of the road is badly damaged. This study aims to determine the management of the maintenance budget for the Sirah Pulau Padang-Pampangan road for the 2017 Fiscal Year at the Public Works and Spatial Planning Office of Ogan Komering Ilir Regency. The research method used in this study is a qualitative method. Data collection techniques carried out through observation, in-depth interviews and documentation. The theory used in this study is the principles of financial management according to Juli Sarlima, where financial management can be seen from five dimensions, namely Transparency, Efficient, Effective, Accountable and Participatory, and analysed through management aspects, namely Planning, Organizing, Implementing and Responsibility. Based on the results of research in the field shows that Transparency, Efficient, Effective, Accountable and Participatory has not been done well. The conclusion of this research is that the management of budget road maintenance for the Sirah Pulau Padang-Pampangan roads in the 2017 fiscal year is not going well. This research suggests that management of budget works well: 1) Standard Operational Procedure (SOP) for Road Maintenance activities needs to be made, 2) the need for a place for the community to participate and be involved in planning, implementation of supervision, 3) preparation of Financial Statements and Reports Accountability must be clear and detailed.

Building financial management capacity for community ownership of development initiatives in rural Zambia.

SummaryBackgroundBuilding financial management capacity is increasingly important in low‐ and middle‐income countries to help communities take ownership of development activities. Yet, many community members lack financial knowledge and skills.MethodsWe designed and conducted financial management trainings for 83 members from 10 community groups in rural Zambia. We conducted pre‐training and post‐training tests and elicited participant feedback. We conducted 28 in‐depth interviews over 18 months and reviewed financial records to assess practical application of skills.ResultsThe training significantly improved knowledge of financial concepts, especially among participants with secondary education. Participants appreciated exercises to contextualize financial concepts within daily life and liked opportunities to learn from peers in small groups. Language barriers were a particular challenge. After trainings, sites successfully adhered to the principles of financial management, discussing the benefits they experienced from practicing accountability, transparency, and accurate recordkeeping.ConclusionFinancial management trainings need to be tailored to the background and education level of participants. Trainings should relate financial concepts to more tangible applications and provide time for active learning. On‐site mentorship should be considered for a considerable time. This training approach could be used in similar settings to improve community oversight of resources intended to strengthen developmental initiatives.

Javne finansije u Bosni i Hercegovini - domaći pravni okvir i evropski standardi

Bosnia and Herzegovina is a state of a complex legal and political structure with four levels of administrative authority - the joint institution of Bosnia and Herzegovina, the Republic of Srpska, the Federation of Bosnia and Herzegovina, and the Brčko District of Bosnia and Herzegovina. In addition, each level of authority collects and disposes of direct taxes, while indirect taxes are collected through a single system, and their distribution is carried out at the aforementioned levels. There is no single framework for managing public finances, both in organisational and material terms. Bosnia and Herzegovina is in constant credit arrangements with the International Monetary Fund (IMF), which are conditioned by constant reform requirements. Public administration financing is burdened by the hyperinflation of administrative bodies, by a large number of employees in the public sector, by the lack of central register of personnel, by complicated public procurement procedures, by the lack of strategic framework for public finance management, by significant deficiencies observed by audit services, by non-compliance with audit recommendations, by non-transparency of budget spending, by the inefficiency of internal audit, and by the lack of harmonisation between the domestic legal framework with that of the EU. This paper analyses the existing legal framework of public finances from the aspect of governance, the European Commission's Progress Report on Public Finance in Bosnia and Herzegovina, the SIGMA-OECD Reports on the European Principles of Financial Management in Public Institutions, and the EU Guidelines on Public Finance, and is rounded off by identifying the challenges of harmonisation of the domestic legal framework with that of the EU in the field of public finances, offering operational solutions and recommendations.

The role of financial management training in developing skills and financial self-efficacy

Background: Financial management is an essential management function for any small business. Short-term financial management is especially crucial for start-ups and established businesses. Owners of small businesses in South Africa often need to perform this function themselves; however, many do not possess the skills and practices required to perform this function effectively. Financial self-efficacy acts as an important motivating factor in managing the finances of a business. Focused training is important in developing financial management skills, but little research has been conducted to determine whether this type of training improves financial management skills and financial self-efficacy. Aim: To determine whether a tailor-made financial management training course improves the development of short-term financial management skills and financial self-efficacy of small business owners in South Africa. Setting: This study sampled small business owners who attended a tailor-made financial management training course that focused on short-term financial management principles. Method: A quasi-experimental study using a pre-test–post-test single-group design was applied using self-administered questionnaires. Results: The results from a one-tailed paired-sample t -test show that the training course significantly improved both the development of short-term financial management skills and the financial self-efficacy of participants. Conclusion: Tailor-made financial management training courses enhance the short-term financial management skills of owners of small businesses and also improve their financial self-efficacy. By improving both their skills and self-efficacy, small business owners are likely to make better financial decisions and be more motivated to implement financial management practices.

New Meaningful Effects in Modern Capital Structure Theory

Paper is devoted to describe the new meaningful effects in capital structure theory, discovered within modern theory of capital cost and capital structure, created by Brusov, Filatova and Orekhova (BFO theory). These qualitatively new effects are present in general version of BFO theory and absent in its perpetuity limit (Modigliani – Miller theory). BFO theory has changed some main existing principles of financial management. Discovered effects modify our understanding of financial management and dictate some unusual managerial decisions.

The Management of Village Fund Finances

The purpose of this research is to know the implementation of fund management of village fund in Ogan Ilir Regency, South Sumatera. The population in this study were 224 villages in Ogan Ilir Regency that received the allocation of Village Funds in 2016. The purposive sampling technique was applied to obtain samples and produce 26 villages. The analysis will be carried out with a quantitative and qualitative description process. Based on the data obtained, the researcher tries to describe or describe systematically, accurately, and factually about matters relating to the field as fact, nature, and relationship between phenomena. Quantitative techniques will also use frequency analysis that aims to provide an overview of the general condition. The results reveal that the financial management aspects are generally in accordance with those set out in Permendagri 113/2014 and have complied with the basic principles of financial management. Reporting and accountability remain a problem for some villages. Not all of the villages studied have aspects of human resource reporting and accountability. Taking into account the composition of village budgeting, the village does not meet the rules that require a ratio of 70:30, this results in inequality in the implementation of rural development. The conclusion of this research is that the implementation of village fund management in Ogan Ilur Regency has been running well according to Permendagri 113/2014.

Podatek od towarów i usług w sprawozdaniach budżetowych jednostek samorządu terytorialnego

The article confronts the organizational issues of centralization of VAT settlements in local government units with their financial economy principles. Local government units, having the freedom to organise VAT settlements, make use of the guidelines of the Ministry of Finance. According to these guidelines, the proceeds of VAT in the form of payment for services rendered from the contractors of organisational units should not be treated as the budget income. By complying with the guidelines, local government units record these financial resources without budgeting them. Consequently, they do not show these proceeds in the local budget income report (Rb-27S). The author of the article argues that this way of proceeds' settlement is not consistent with the principles of financial management of budgetary units expressed in the Public Finance Act and undermines the reliability of budget reports.