On Wednesday-Friday, 15-17 November 2023, the Bureau of Financial Administration of Universitas Muhammadiyah Surakarta (BAK-UMS) welcomed a comparative study visit from Universitas Muhammadiyah Jambi (UM Jambi). The delegation from UM Jambi consisted of the Finance, Admissions, and IT teams. In the initial meeting, the visitors were received by the Head of the UMS Rector Secretariat, Prof. Anam Sutopo, accompanied by the BAK-UMS, PMB-UMS, and Public Relations teams. Next, the UM Jambi visitors were divided into two groups according to the comparative study, i.e. financial management and student admissions.
Before a more in-depth discussion regarding UMS financial governance, the visitors were introduced to all BAK-UMS staff. Then, taking place in the BAK Meeting Room, the Head of BAK-UMS explained the financial management of UMS 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 applied the quality assurance cycle, i.e. Plan-Do-Check-Action, there was planning, implementation, monitoring-evaluation (monev), and follow-up to monev results. Among the planning parts are the existences of official financial governance rules which include policies, general cost standards, SOPs, etc. In order to be accountable, transparent and efficient, the implementation of UMS financial governance was facilitated by a financial management information system.
In the next session until the last day of the visit, details of UMS financial governance and the financial management information system were explained by the Division Head of Budget.