On Friday, February 16 2024, the Bureau of Financial Administration of Universitas Muhammadiyah Surakarta (BAK-UMS) received a comparative study visit from the National University (UNAS) Jakarta. The delegation from UNAS Jakarta consisted of the Dean of the Faculty of Economics-Business and the Finance Bureau team. The UNAS delegation was received by the BAK-UMS team, namely the Head of Bureau, Division Head of Budget and Student Financial Administration, and Sub-Division Head of Accounting-Taxation.
Before a more in-depth 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 quality assurance cycle, Plan-Do-Check-Action, there is planning, implementation, monitoring-evaluation (monev), and follow-up to monitor and to evaluate the results. Among the parts of planning is the existence 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.
During the discussion, the Division Head of Budget and Student Financial Administration demonstrated the use of the financial management information system, starting from budget submission, budget disbursement, to reporting budget usage.