On Thursday, January 30 2025, the Bureau of Financial Administration of Universitas Muhammadiyah Surakarta (BAK-UMS) received a comparative study visit from Universitas Muhammadiyah Madiun (UMMAD). The delegation from UMMAD consisted of the Head of the Finance Bureau, Head of the Quality Assurance Bureau, and Budget and IT staff of the Finance Bureau. The UMMAD delegation was received by the BAK-UMS team, namely the Head of Bureau, Head of Division of Student Budget and Financial Administration, and Head of Sub-Division of Archives.
At the start of the discussion, 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 Plan-Do-Check-Action quality assurance cycle; there is planning, implementation, monitoring-evaluation (monev), and follow-up to monev results. Among the parts of planning are the existences of official financial governance rules including policies, general 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.
In the next session, the Head of Division of Student Budget and Financial Administration discussed in more depth the use of financial management information systems, starting from budget submissions, budget disbursement, budget usage reporting, to accounting records.