Self-Report Accuracy in Local Economic Development Programs

Local economic development programs are primarily aimed at increasing employment and tax revenues. Data on these programs are collected through self-report surveys conducted by the International City Managers Association and others. This study evaluates predictors of accurate self-reporting. Using agency theory as a theoretical framework, the study measures the quantity of internal reporting components and the quality of financial reporting and evaluates how these are associated with accurate self-reporting. As a control, the condition of the local economy is also evaluated. The findings indicate a statistically significant relationship between the quality of financial reporting and the strength of a local economy with accurate self-reporting. Recommendations to improve research in this area are for the Government Finance Officers Association and the International City Managers Association to work together, with the former creating standards for reporting on local economic development programs and the latter aligning its survey with these standards.

Strategi Pencegahan Pembiayaan Bermasalah pada BPRS di Kabupaten Bogor

Financing is channeling funds carried out by Islamic banks, such as Islamic rural banks (BPRS). Risk arising from financing is default risk assessed by the ratio of Non Performing Financing (NPF). BPRS in the area of Kabupaten Bogor have NPF values above the safe limit set by Bank Indonesia. The purpose of this study is to identify the causes and solutions of default financing and formulate strategies for preventing default financing of BPRS in Kabupaten Bogor. The method used in this study is Analytic Network Process (ANP). The total respondents in this study are five. The result showed that external cause is the most influential factor towards the occurrence of default financing. The most influential external cause is customer's bad intention. External solution is the priority solution that need special attention. The priority external solution is strengthening the analysis. The most influential internal cause is adverse selection. Internal solution that is prioritized is training for finance officers. The priority of the default financing prevention strategy in this study is formulating financing risk mitigation.

Pengagihan Dana Zakat Dalam Bentuk Pembiayaan Mikro Untuk Usahawan Miskin Di Malaysia

Microfinance is one of the financial instruments for small and medium entrepreneurs to run a business. The constrains to obtain a capital often involving underprivileged entrepreneurs because it is difficult to get a fund from the financial institutions. Currently in Malaysia, Amanah Ikhtiar Malaysia (AIM) and TEKUN National are among the institutions that offer the native to obtain the business capital. Otherwise, the State Zakat Institution provides an assistance as a business capital by mean of “one-off” which does not require the borrowers to make a repayment at the end of the day. From a Muslim entrepreneur's perspective, micro finance that offered is consisting element of riba and it is prohibited in Islam. For that reason, seem that the financial assistance provided by zakat institutions is seen as unproductive and elective. Thus, micro-finance through zakat funds is an alternative proposition for unprivileged entrepreneurs. This article aims to analyze the readiness of zakat institutions in Malaysia to apply micro finance from zakat funds. The study is done using the case study method by conducting a semi-structured interview with 5 zakat officers and a micro finance officers from Tekun Nasional. This study found that there is a tendency to apply micro finance from the zakat fund. In other words, zakat institutions in Malaysia are ready to implement zakat distribution by mean of micro finance. Hopefully, this study will be served as a reference for zakat institutions especially in Malaysia to practice micro finance from the zakat funds. Abstrak Pembiayaan mikro merupakan antara salah satu instrumen kewangan bagi golongan usahawan kecil dan sederhana untuk menjalankan sesebuah perusahaan. Masalah mendapatkan modal sering membelenggu golongan usahawan miskin kerana sukar mendapatkan pembiayaan daripada institusi kewangan. Di Malaysia pada ketika ini, Amanah Ikhtiar Malaysia (AIM) dan TEKUN Nasional merupakan antara institusi yang sering mendapat tempat dalam kalangan bumiputera untuk mendapatkan modal perniagaan. Manakala, Institusi Zakat Negeri pula menyalurkan bantuan modal perniagaan secara “one off” yang mana tidak mensyaratkan peminjam membuat pembayaran balik. Daripada perspektif usahawan Muslim, pembiayaan mikro yang ditawarkan tidak bebas daripada unsur riba, suatu yang dilarang agama manakala pemberian bantuan modal yang disediakan institusi zakat dilihat tidak produktif dan elektif. Justeru, pembiayaan mikro dengan dana zakat ini adalah cadangan alternatif untuk usahawan miskin. Penulisan ini bertujuan menganalisis kesediaan institusi-institusi zakat di Malaysia dalam mengaplikasikan pembiayaan mikro daripada dana zakat. Kajian ini menggunakan method kajian kes dengan membuat temu bual separa struktur dengan 5 orang pegawai zakat dan seroang pegawai pembiayaan mikro dari Tekun Nasional. Kajian mendapati terdapat kecenderungan dalam mengaplikasikan pembiayaan mikro daripada dana zakat. Dengan erti kata lain, institusi-institusi zakat di Malaysia bersedia melaksanakan agihan zakat dalam bentuk pembiayaan mikro. Diharapkan kajian ini boleh dijadikan panduan untuk institusi zakat khususnya di Malaysia untuk mengamalkan pembiayaan mikro dari dana zakat.

Financial information transfer in municipal government

Purpose The purpose of this paper is to investigate how trust, honesty and transparency impact the willingness and timeliness of communicating financial information between Government Finance Officers (GFOs) and members of the municipal boards they serve. Design/methodology/approach Survey data was collected from professionals who work with municipalities to ensure government resources are properly managed. Nonparametric local-linear regression was used to analyze the data. Findings Evidence suggests that trust in the board, GFO preference for honesty and greater transparency of the municipality influence the timeliness of communication. There is evidence that when the GFO and board members have a working relationship built on trust and the GFO has a preference for honesty, the GFO is more willing to share positive information with the board. In addition, there is evidence that with greater transparency and trust in the board, there is a reduction in the time of sharing positive information in situations where there is little discretion in disclosing and less willingness to share information. Research limitations/implications A principal limitation of this study is the small sample size. In addition, the study was conducted using only participants from the pool of members of the Government Finance Officers Association of Texas. As an exploratory study, the survey included a minimal number of questions to gather data from actual GFOs and included only six possible scenarios. The time constraint resulted in a reduced number of questions related to the models used. Other limitations include the potential of missing variables, factors or perceptions related to scenarios not presented in the survey instrument. Practical implications The findings suggest that with greater transparency, there is less time between the event and the GFO communication to the board providing the opportunity to improve the effectiveness of the decision-making process. Originality/value This study is the first to explore the effects of increased transparency on the level of communication between the GFO and the board.

Evaluasi mekanisme penyusunan cash forecasting pemerintah pusat dengan framework GFOA

develop its cash forecasting to the forecasting framework published by GFOA. This study are focused on examining daily and monthly cash flow forecasting during the fiscal year of 2015 - 2016. The data required to do the comparison are collected by performing interviews with the operators or the person in charge of preparing the forecast. Data analysis was done using qualitative method aided by various software, such as: M. Office Excel and N-VIVO. The study concludes that the preparation of cash forecasting by the central government of Indonesia doesn’t fully correspond with the framework published by GFOA. There are some differences related to the scope of the forecast, time-frame of the forecast, exploratory analysis, and also how the financial managers are using the forecast. Penelitian ini membandingkan bagaimana pemerintah pusat menyususn cash forecasting dengan framework yang di-publish oleh GFOA. Objek penelitian adalah mekanisme penyusunan RPD Harian, RPD Bulanan, RPnD, Proyeksi Penerimaan dan Pengeluaran periode tahun anggaran 2015 dan 2016. Data penelitian berupa data sekunder dan data primer berupa wawancara mendalam. Proses evaluasi terhadap objek penelitian dilakukan dengan berdasar pada framework best practice proyeksi arus kas yang diterbitkan oleh GFOA (Government Finance Officers Association). Analisis data dilakukan dengan bantuan aplikasi N-VIVO dan M. Office Excel. Hasil penelitian menunjukkan bahwa mekanisme penyusunan cash forecasting pemerintah pusat belum sepenuhnya sesuai dengan framework GFOA. Terdapat berbagai perbedaan dengan framework diantaranya terkait dengan lingkup tujuan perencanaan kas, time-frame, exploratory analysis, maupun penggunaan cash forecasting oleh pengelola keuangan.

SISTEM INFORMASI MANAJEMEN PEMASARAN TV KABEL BERBASIS WEB PADA PT IRAMA TV

Progress The development of information technology (IT) is increasingly rapid both for the use of software (software) and hardware (hardware) which is increasingly easy to use (user friendly) to help learning all the users of information technology. In the world of education or everyday life everyone needs to get entertainment or reference that must be used to be a reference so that they are not bored and bored after a day of tired activities. One of them can be done by watching through the internet network television media or TV (Cable) subscription TV. This cable TV management information system is designed using a web-based prototyping method involving the PHP (PHP Hypertext Preprocessor) programming language based on the code -iter, JavaScript, Jquery framework. While the database used is MYSQL. In system design is involved Use Case, Activity Diagram, Context Diagram, Flowmap, Sequence Diagram and ERD. This system also uses aliases on its addressing by applying htaccess to the actual file address as one of the security systems. . This information system involves six admin users, customers, leaders, finance, officers and marketing. The six levels of registered users have a private account to be able to enter the system ie username and password with MD5 encryption. Because it is web-based, this cable TV application has the ability, can be accessed anywhere, admin can do add, edit, delete and store customer data and customer transaction data, and can print reports.

SOSIALISASI PENGELOLAAN KEUANGAN DESA DI DESA TANJUNG ATAP KECAMATAN TANJUNG BATU KABUPATEN OGAN ILIR PROVINSI SUMATERA SELATAN

This dedication aims to provide an understanding to the Tanjung Atap Village Management Finance Officers Tanjung Batu District of Ogan Ilir Regency on how to manage village funds in achieving good village financial governance. Village Finance is managed on the basis of good governance practices. The Principles of Village Financial Management by Regulation of the Minister of Home Affairs (Permendagri) Number 113 Year 2014 on Village Finance Management are transparent, accountable, participative and conducted in an orderly and disciplined budget. Another common obstacle is that villages do not have procedures and support facilities and infrastructure in the management of their finances and the community has not been critical of the management of revenue and expenditure budget of the village. The amount of funds that must be managed by the village government has a high enough risk in its management, especially for the village government apparatus.

A Survey on Capital Structure Decision of Nepalese Non-Financial Firm

The study aims at examining the views of capital structure in Nepalese non-financial enterprises. The study is based on primary data. A descriptive research design has been adopted for the study. Different descriptive statistical measures such as minimum, maximum, percentage, average, standard deviation and coefficient of variation have been used to analyze. This study is directed towards examining the capital structure policy of Nepalese non- financial firms. The primary information required for the said purpose has been collected through the survey of opinions of board of directors, company secretary, executives, chief finance officers and other line managers through administering the well structure multi- part questionnaire. For the purpose of field survey, 90 questionnaires were distributed among the respondents located in Kathmandu using non probabilistic sampling. The survey result shows that preference toward maturity structure of borrowing varied among the Nepalese non-financial firms, and majority of Nepalese firms do not consider interest rate and practice of matching between asset and liabilities structure while they go for borrowing. As proper matching between assets and liabilities structure is required, companies should pay attention towards this aspect. Outside security analysts and comparative industry have only a minimal effect on the development of these targets. Pravaha Vol. 24, No. 1, 2018, Page: 196-205

Internal audit function, audit committee effectiveness and accountability in the Ugandan statutory corporations

Purpose The purpose of this study is to investigate the contribution of internal audit function and audit committee effectiveness on accountability in statutory corporations (SCs). Design/methodology/approach This study is cross sectional and correlational. Data have been collected through a questionnaire survey of 52 SCs in Uganda through their Chief Internal Auditors and Chief Finance Officers. Data have been analysed using Statistical Package for Social Sciences. Findings The internal audit function significantly contributes to accountability of SCs in Uganda and audit committee effectiveness is not where effective internal audit is present in such organisations. However, audit committee effectiveness significantly contributes to accountability when an internal audit function is not present. Research limitations/implications The use of hierarchical regression is prone to problems associated with sampling error. However, the likelihood of these problems is mitigated by the interface with data. Originality/value Whereas hitherto both internal audit function and audit committee effectiveness had been viewed as explanations of accountability, this study only confirms the internal audit function as a significant predictor of SCs’ accountability relative to audit committee effectiveness.

IFRS Adoption in Ghana: The Dimensions of Challenges Firms Encounter

The study seeks to identify challenges of IFRSs adoption firms encounter firms in the context of Ghana and the factors underlining these challenges. Structured questionnaire items were use to investigate the dimensionality of challenges firms encounter in a mandatory IFRS adoption situation using a sample of 88 finance officers of unlisted firms in Ashanti Region of Ghana. It is found that firms in Ghana do encounter some challenges in adopting IFRS. Notable among these challenges are correct application of IFRS, knowledge and expertise in IFRS, resistant to change, compatible software packages, integrating IFRS into existing systems and regulation enforcement. It is also found that the challenges of IFRS adoption in Ghana may be explained by five factors namely: IFRS Complexity, Knowledge and Expertise, Regulation, System and Processes, and Institutional Support. Cost could not be confirmed as a factor of IFRS adoption challenges, however, evidence suggest that cost as a challenge of IFRS adoption may be explained by the cost driver. It is therefore recommended that accounting education and training curricula in Ghana should be revised to reflect the changes in reporting standards and local accounting professional bodies should provide guidelines on the application of apparently difficult standards to local situations.