Financial Management Concepts: A Review
DOI:
https://doi.org/10.61100/adman.v1i1.4Keywords:
Concept, Finance, Management, ReviewAbstract
Effective and functional financial management can be found in financial management. Financial management is a financial management process that organises financial activities from planning, implementation and control to financial accountability. However, when it comes to educational institutions, the impact is quite significant. This research aims to find out the definition, principles and concepts of return assessment in financial management. This research is literature research, and the data used is secondary data from various literatures. Qualitative descriptive method is used to assess the data obtained. Based on the description of the findings, financial management can be interpreted as business activities related to the acquisition, use and management of company funds to achieve the company's main objectives. Good financial management is certainly needed. The need for financial management can be concluded as the need to identify the objectives that must be met, the right choice is the one that advances the company's goals; usually, the purpose of financial management choices is to maximise the company.
References
M. Mihajlović, D. Tadin, and B. Gordić, “The role of financial management in the company,” Tehnika, vol. 75, no. 4, pp. 498–503, 2020, doi: 10.5937/tehnika2004498M.
A. P. Irawan, E. Supriyatna, I. Widjaja, and L. L.-C. Lin, “The Implementation of Basic Principles of Financial Management to Improve Higher Education Reputation,” in Proceedings of the International Conference on Economics, Business, Social, and Humanities (ICEBSH 2021), ATLANTIS PRESS, 2021, pp. 1510–1514.
V. Grozdanovska, K. Bojkovska, and N. Jankulovski, “Financial Management and Financial Planning in the Organizations,” European Journal of Business and Management, vol. 9, no. 2, pp. 120–125, 2017.
A. Sartono, Manajemen Keuangan International. Yogyakarta: BPFE, 2003.
C. Li, H. Dong, S. Chen, and Y. Yang, “Working Capital Management, Corporate Performance, and Strategic Choices of the Wholesale and Retail Industry in China,” The Scientific World Journal, vol. 2014, pp. 1–15, 2014, doi: 10.1155/2014/953945.
A. Nona, A. Nurharyanto, and K. M. Lubis, “Pengaruh Free Cash Flow dan Leverage Terhadap Kualitas Laba Perusahaan (Perusahaan YangTerdaftar Di Bursa Efek Indonesia),” HUMANIS, vol. 1, no. 2, pp. 203–212, 2021.
I. Rustiawan, A. M. A. Ausat, S. S. Gadzali, Suherlan, and H. K. Azzaakiyyah, “Determinants of Employee Dedication to the Company as a Whole,” Community Development Journal: Jurnal Pengabdian Masyarakat, vol. 4, no. 1, pp. 708–712, 2023, doi: 10.31004/cdj.v4i1.12454.
Sutrisno, H. Sitinjak, P. Diawati, I. Y. Sitinjak, and A. M. A. Ausat, “Telaah Dampak Positif Gaya Kepemimpinan Transformasional bagi Peningkatan Produktivitas Individu dan Organisasi,” Community Development Journal : Jurnal Pengabdian Masyarakat, vol. 4, no. 1, pp. 726–731, 2023, doi: 10.31004/cdj.v4i1.12483.
S. S. Gadzali, S. Santosa, A. Choerudin, I. Ayesha, and A. M. A. Ausat, “Resource Essence Analysis In Management,” Jurnal Ekonomi, vol. 12, no. 02, pp. 532–536, 2023, Accessed: Apr. 04, 2023. [Online]. Available: https://ejournal.seaninstitute.or.id/index.php/Ekonomi/article/view/1651
I. Slobodnyak and A. Sidorov, “Time Value of Money Application for the Asymmetric Distribution of Payments and Facts of Economic Life,” Journal of Risk and Financial Management, vol. 15, no. 12, p. 573, Dec. 2022, doi: 10.3390/jrfm15120573.
M. Irena and B. Mariana, “The Time Value of Money in Financial Management,” “Ovidius” University Annals, Economic Sciences Series, vol. XVII, no. 2, pp. 593–597, 2017.
W. Wahyuni, R. Ramli, and W. Mawardi, “Optimizing Employee Performance in Tapalang Health Center, Tapalang District, Mamuju Regency: The Interplay of Work Environment, Discipline, and Motivation,” Management Studies and Entrepreneurship Journal (MSEJ), vol. 4, no. 5, pp. 6786–6795, 2023.
Wahyun, “Pengaruh Etika Kerja Islami Terhadap Komitmen Organisasi Pada Bank Syariah Mandiri Kota Mamuju,” SEIKO : Journal of Management & Business, vol. 6, no. 1, pp. 346–354, 2023.
M. Aqil, H. K. Tjahjono, Muafi, and W. Prajogo, “The Impact of Psychological Contract Breach on Counterproductive Work Behavior Mediated by Organizational Trust and Work Engagement in State Civil Apparatus,” Quality - Access to Success, vol. 24, no. 194, pp. 213–225, Jan. 2023, doi: 10.47750/QAS/24.194.25.
N. W. Dahri, H. K. Tjahjono, M. Muafi, and W. Prajogo, “The Influence of Workplace Envy on Turnover Intention: The Mediating Role of Negative Emotion and Perception of Injustice,” Quality - Access to Success, vol. 24, no. 193, pp. 28–38, Jan. 2023, doi: 10.47750/QAS/24.193.04.
A. N. Siangka and M. N. Hajjad, “Pengaruh Kualitas Pelayanan terhadap Kepuasan Nasabah Pada PT. Bank Danamon Cabang Makassar,” SEIKO : Journal of Management & Business, vol. 4, no. 2, pp. 555–562, 2021.
Almita, M. Tahir, and M. N. Hajjad, “Employee Performance and the Impact of Workplace Facilities and Discipline,” Jurnal Manajemen Bisnis, vol. 10, no. 2, pp. 417–425, 2023.
Mahdi, I. Moridu, T. S. Wibowo, A. S. Utama, I. Adinugroho, and Amalia, “THE EFFECT OF PROFITABILITY MEDIATION ON INCREASING COMPANY VALUE THROUGH CORPORATE SOCIAL RESPONSIBILITY,” International Journal of Economics, Business and Accounting Research (IJEBAR), vol. 7, no. 1, pp. 1–7, 2023.
Muh. Farhan, I. Adinugroho, and Amalia, “Pengaruh Promosi Dan Pelayanan Karyawan Terhadap Keputusan Pembelian Pada Toko Fajar Mas Bangungan Tasiu Kabupaten Mamuju,” SEIKO : Journal of Management & Business, vol. 6, no. 2, pp. 327–334, 2023.
N. E. Baso, I. Adinugroho, and Junaeda, “Pengaruh Brand Trust Dan Service Quality Terhadap Keputusan Pembelian Pada Toko Family Kabupaten Mamuju,” SEIKO : Journal of Management & Business, vol. 6, no. 2, pp. 326–333, 2023.
I. Adinugroho, R. Rauf, and N. Sucipto, “The Role of the Financial Services Authority in Supervision of Fraud Prevention in Life Insurance Companies in Indonesia,” Journal of Economic Resources, vol. 5, no. 1, pp. 121–125, 2022.
Mahdi, I. Moridu, T. S. Wibowo, A. S. Utama, I. Adinugroho, and Amalia, “THE EFFECT OF PROFITABILITY MEDIATION ON INCREASING COMPANY VALUE THROUGH CORPORATE SOCIAL RESPONSIBILITY,” International Journal of Economics, Business and Accounting Research (IJEBAR), vol. 7, no. 1, pp. 1–7, 2023.
I. Ismayani, M. Muchtar, and I. Adinugroho, “OPTIMIZING CUSTOMER SATISFACTION THROUGH RELATIONSHIP MARKETING: A CASE STUDY OF PT PEGADAIAN MAMUJU BRANCH,” Jurnal Ekonomi, vol. 12, no. 4, pp. 71–77, 2023.
I. Adinugroho and S. Nugraha, “The Effect of Differentiation and Positioning Strategies on Customer Satisfaction Using Digital Banking Service at PT. Bank Muamalat KC Mamuju,” Pinisi Discretion Review, vol. 5, no. 1, pp. 89–98, 2021.
Suwanti, Amalia, and R. A. Rasyid, “Pengelolaan gula merah dalam peningkatan perekonomian masyarakat desa papalang kabupaten mamuju,” AKUNTABEL, vol. 18, no. 2, pp. 370–377, 2021.
Kurnia, Sianna, Hamzar, M. Ferils, and Furqan, “The Use of LMS and Talking Stick Method to Improve Reading Skill for ESP Students,” ELS Journal on Interdisciplinary Studies in Humanities, vol. 6, no. 1, pp. 77–84, 2023.
H. Acha, M. Sibgatullah, F. Furqan, K. Kurnia, and N. R. Febriandika, “Analysis Of Sharia Laundry Marketing Strategy In Mamuju District,” Perisai : Islamic Banking and Finance Journal, vol. 7, no. 1, pp. 36–54, Mar. 2023, doi: 10.21070/perisai.v7i1.1626.
H. Acha and K. Kurnia, “THE VOCABULARY MEMORISATION STRATEGY BEFORE ENTERING THE CLASSROOM AND THE USAGE OF THE MEMORISATION CARD,” ETERNAL (English, Teaching, Learning, and Research Journal), vol. 7, no. 2, pp. 456–470, 2021.
A. N. Hasanah, Kurnia, and S. Nugraha, “The Impacts of Home Visits on Students Motivation in Learning English during the Pandemics,” Edumaspul: Jurnal Pendidikan, vol. 5, no. 1, pp. 768–778, 2021.
R. Novianti and A. Rajab, “ Rezki Novianti The Influence of Scientific Approach, Learning Motivation, and Student Responses on Statistical Learning Outcomes of STIE Muhammadiyah Mamuju Students,” aya Matematis: Jurnal Inovasi Pendidikan Matematika, vol. 8, no. 3, pp. 188–192, 2020.
H. Acha, “PROGRESSING STUDENTS’MOTIVATION IN LEARNING ENGLISH BY USING HYPNOSIS (HYPNOLEARNING) AT STUDENTS OF STAN 2 JILC PERINTIS MAKASSAR,” ETERNAL (English, Teaching, Learning, and Research Journal), vol. 5, no. 1, pp. 180–194, 2019.
I. Priyadi, Rusli, and Hamzar, “Keterkaitan antara Pajak Rumah Makan dan Restoran terhadap peningkatan Pendapatan Asli Daerah (PAD) Kabupaten Mamuju,” SEIKO : Journal of Management & Business, vol. 6, no. 2, pp. 498–504, 2023.
Hamzar and A. N. Siangka, “STUDENTS’ TARDINESS HABIT TO ATTEND THE CLASS AT THE STUDENTS OF STIE MUHAMMADIYAH MAMUJU,” IJIET (International Journal of Indonesian Education and Teaching), vol. 4, no. 2, pp. 306–315, 2020.
Amirah, Waston, Furqan, Herman, I. Huda, and H. Prastyo, “Multicultural Education Values At Hajjah Nuriyah Shabran Muhammadiyah Islamic Boarding School,” JOURNAL OF CRITICAL REVIEWS, vol. 7, no. 8, pp. 2668–2674, 2020.
F. Furqan and A. Hikmawan, “Reason and Revelation According to Harun Nasution and Quraish Shihab and its Relevance to Islam Education,” Al-Misbah (Jurnal Islamic Studies), vol. 9, no. 1, pp. 17–30, Apr. 2021, doi: 10.26555/al-misbah.v9i1.3890.
Ramli S and Hasbullah, “Analisis bauran pemasaran, perilaku konsumen dan citra merek terhadap keputusan pembelian air minum dalam kemasan,” FORUM EKONOMI, vol. 23, no. 4, pp. 614–622, 2021.
Ramli S and Hasbullah, “Pengaruh dimensi kualitas pelayanan terhadap kepuasan pemohon perizinan pada dinas penanaman modal dan pelayanan terpadu satu pintu (dpmptsp) kabupaten mamuju,” FORUM EKONOMI, vol. 23, no. 2, pp. 77–85, 2021.
A. Gunawan, T. Malik, J. D. Amory, Y. Yusriadi, Sjaid S Fais Assagaf, and L. Alfita, “The Influence of Soft Competency and Hard Competency on Internal Auditor Performance Through Work Motivation at PT. KB Finansia Multi Finance,” in Proceedings of the International Conference on Industrial Engineering and Operations Management, Sao Paolo, Brazil: IEOM Society International, 2021, pp. 3008–3016.
Ratna and Y. Heryati, “Dampak Pengembangan Eko Wisata Berkah Pantai Tapandullu Terhadap Peningkatan Perekonomian Masyarakat di Desa Tapandullu Kecamatan Simboro,” Growth: Jurnal Ilmiah Ekonomi Pembangunan, vol. 1, no. 2, pp. 149–158, 2022.
A. Halim and M. Arsyad, “Pengaruh pendapatan,tradisi dan selera terhadap pengeluaran konsumsi pangan,” INOVASI, vol. 17, no. 4, pp. 617–625, 2021.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 ADMAN: Journal of Contemporary Administration and Management
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
