On Wednesday, February 21 2024, the Bureau of Financial Administration of Universitas Muhammadiyah Surakarta (BAK-UMS) received a comparative study visit from University of Darussalam (UNIDA) Ponorogo. The delegation from UNIDA Ponorogo consisted of the Division Head of Budget together with the Finance Bureau team. The UNIDA team was received by the BAK-UMS team, namely the Head of Bureau, Head of Division of Budget and Student Financial Administration, Head of Sub-Division of Budget Verification and Control, Head of Affairs of Treasurer, and some BAK-UMS staff.
At the start of the discussion, each Bureau Head introduced his team. Next, the Head of BAK-UMS explained UMS financial management starting from budget planning, budget disbursement, budget use, to reporting budget use. In his explanation, the Head of BAK-UMS also said that basically UMS financial governance applies the quality assurance cycle, i.e. Plan-Do-Check-Action, there is planning, implementation, monitoring-evaluation (monev), and follow-up to monev results. Among the parts of planning is the existence of official financial governance rules including policies, cost standards, SOPs, etc. In order to be accountable, transparent, and efficient, the implementation of UMS financial governance is facilitated by a financial management information system. During the discussion, the Head of Division of Budget and Student Financial Administration demonstrated the use of the financial management information system, starting from budget submission, budget disbursement, budget usage reporting, to accounting records.
