Financial Management Information System: An Empirical Evidence

Abstract

This study aims to determine the factors that affect the effectiveness of financial information systems implemented by private universities in the educational process, through the dimensions of manager role, knowledge manager, and technological sophistication. The research uses quantitative and descriptive approaches. The population in this study is Private Universities in Cimahi, Indonesia. Testing of research data is done through validity test with Rank Spearman correlation coefficient and reliability test with Cronbach Alpha coefficient. Meanwhile, to analyze the data multiple descriptive regression analysis (multiple regression analysis) is used. The results showed what has been done then it concluded that the role of managers, knowledge owned by managers and the sophistication of information technology owned by private universities can affected the performance of the university. The role of manager and the technological sophistication significantly influence the effectiveness of financial information systems while managers' knowledge has no significant effect. The most important recommendation of this research is the importance of reconsidering the selection of technical specifications that meet the needs of more and more data in addition to ongoing training for financial managers.

Information technology investment and working capital management efficiency: evidence from India survey data

“…IT investment is the digitization of business processes using management information systems (MISs), Internet of things (IoT) devices, sensors, blockchain, artificial intelligence (AI), machine learning (ML) and employee/user training to collect, store, retrieve, transmit, process data and disseminate information (Impagliazzo et al. , 2016; Hartikayanti et al. , 2018; Fraga-Lamas et al.…”

“…IT investment is the digitization of business processes using management information systems (MISs), Internet of things (IoT) devices, sensors, blockchain, artificial intelligence (AI), machine learning (ML) and employee/user training to collect, store, retrieve, transmit, process data and disseminate information (Impagliazzo et al, 2016;Hartikayanti et al, 2018;Fraga-Lamas et al, 2021). Organizations are increasingly exploring and embracing IT solutions with greater automation in their day-to-day operations and decision-making processes (Ardito et al, 2009;Plumpton, 2019).…”

Materiality in Audit of Financial Reporting Party Conducting Accounting of Joint Activity

“…The authors have considered the peculiarities of the joint venture agreement, audit of accounting policy of participants of joint activity, planning in audit and other problematic issues taking place in the implementation of such an agreement (Zhukova, 2015;Hartikayanti et al, 2018). The question of an auditor's determination of materiality is designated by the author as debatable for the following reasons:…”

The impact knowledge management processes on business performance via the role of accounting information quality as a mediating factor

“…Therefore, the integrity and reliability of data produced by organizational information systems are critical, not just to produce reliable financial reports but also for the overall business success (Al-Dmour, 2019). The important features of effective financial management include, but are not limited to, having access to relevant information, using the information to strengthen management standards and ensuring that information is accurate, relevant and secure (Hartikayanti et al, 2018). Accounting information systems produce and maintain data, such as financial statements that contain information about accounts and their balances used by organizations to plan, evaluate and diagnose operations and financial situations (Bukenya, 2014).…”