PRAKTEK MANAJEMEN KEUANGAN: SEBUAH ANALISIS SURVEI PADA UMKM DI KOTA BATAM PROVINSI KEPULAUAN RIAU
This study aims to identify the practical implementation of financial management and to identify the economic impact of the financial management practices on the performance of SMEs in Batam, eventually obtained the proposals of appropriate policy recommendations relating to aspects of the implementation of financial management practices. This research is descriptive analysis with case study approach in Batam, using primary data through stratified random sampling of 150 samples of SMEs. Data analysis using scoring techniques of data through SPSS version 21. The results showed that: 1) financial management practices in SMEs in Batam relatively less strong with an average value of 2,876 (scale of 5); 2) There is no significant difference between SMEs who practice financial management above average with below average against the economic impact of companies measured by the approach ROA (return on assets), but when seen from the increase in assets, 60% of SMEs conducting financial management practices above average asset value has increased; 3) The policy recommendations specifically addressed to the Office of PMP-KUKM including: a) through mentoring activities are regularly conducted every year by the Department of PMP-KUKM, b) procurement of appropriate technology system of financial accounting information for SMEs, c) motivation expansion investment for SMEs and d) to apply a minimum service standards in the field of financial management for SMEs.
Keywords: SMEs, working capital, investments, financing, financial statements, accounting information systems, budgeting.
Akorsu, P. K. (2012). Alternative Model For Financing SMEs In Ghana. International Journal of Arts and Commerce, 1(5), 136â€“148.
Amoako, O. K., Marfo, E. O., Gyabaah, E. N., & Gyamfi, O. (2014). Accounting records keeping practices of SMEs in Ghana: Evidence from Sunyani Municipality. British Journal of Economics, Finance and Management Sciences, 9(1), 120â€“132. https://doi.org/10.1152/jn.00482.2014
BI. (2018). Perkembangan Baki Debet Kredit usaha Mikro, Usaha Kecil, dan Usaha Menengah (UMKM) (Vol. 1, Issue Desember 2018). https://www.bi.go.id/id/umkm/kredit/data/Pages/Data-Kredit-UMKM-Desember-2018.aspx
Black, J. F. H. J. W. C., & Anderson, B. J. B. R. E. (2017). Multivariate Data Analysis (MVDA). In Pharmaceutical Quality by Design: A Practical Approach. Pearson. https://doi.org/10.1002/9781118895238.ch8
Depkop RI. (2017). Perkembangan Data Usaha Mikro , Kecil , Menengah (UMKM) Dan Usaha Besar (UB) Tahun 2016-2017. In Kementerian Koperasi dan UKM (Issue 1).
http://www.depkop.go.id/uploads/laporan/1549946778_UMKM 2016-2017 rev.pdf
Falih, M. S. H. Al, Rizqi, R. M., & Ananda, N. A. (2019). Pengelolaan Keuangan dan Pengembangan Usaha pada Usaha Mikro Kecil Menengah (Studi Kasus Pada UMKM Madu Hutan Lestari Sumbawa). Jurnal Manajemen Dan Bisnis, 2(1).
Ghozali, I. (2001). Aplikasi Analisis multivariate dengan program SPSS. Badan Penerbitan Universitas Diponegoro.
Gitman, L. . (2011). Principles of Managerial Finance (11th ed.). Pearson-Prentice Hall.
Gujrati, R. (2013). THE ROLE OF SME â€™ s IN THE ECONOMIC DEVELOPMENT. Masters International Journal of Management Research and Development (MIJMRD), I(I), 86â€“97.
Harif, M. A. A. B. H. M., & Osman, H. B. (2010). Financial Management Practices: An In-Depth Study among the CEOs of Small and Medium Enterprises (SMEs). International Review of Business Research Papers, 6(6), 13â€“35.
Jindrichovska, I. (2013). Financial Management in SMEs. European Research Studies, XVI(Special Issue), 79â€“96. http://search.proquest.com.library.capella.edu/docview/1637638576?pq-origsite=summon&http://library.capella.edu/login?url=accountid=27965
Karadag, H. (2015). Financial Management Challenges In Small And Medium-Sized Enterprises: A Strategic Management Approach. EMAJ: Emerging Markets Journal, 5(1), 26. https://doi.org/10.5195/emaj.2015.67
Katua, N. T. (2014). The Role of SMEs in Employment Creation and Economic Growth in Selected Countries. International Journal of Education and Research, 2(12), 461â€“472.
Madishetti, S., & Kibona, D. (2013). Impact of Receivables and Payables Management on The Profitability of SMEs In Tanzania. Arth Prabhand: A Journal of Economics and Management, 2(3), 9â€“21.
Mansoori, E., & Joriah Muhammad. (2012). I Nterdisciplinary J Ournal O F C Ontemporary R Esearch I N B Usiness the Effect of W Orking Capital Management on Firm â€™ S Profitability : Interdisplinary Journal of Contemporary Research in Business, 4(5), 472â€“486.
Napompech, K. (2012). Effects of Working Capital Management on the Profitability of Thai Listed Firms. International Journal of Trade, Economics & Finance, 3(3), 227â€“232.
Purwanti, E. (2017). Analisis Pengetahuan Laporan Keuangan Pada UMKM Industri Konveksi Salatiga. Among Markati, 10, 55â€“72.
Savitri, R. V., & Saifudin. (2018). Pencatatan Akuntansi pada Usaha Mikro Kecil dan Menengah ( Studi Pada UMKM Mr. Pelangi Semarang ). Jurnal Manajemen Bisnis Dan Inovasi, 5(2), 117â€“125.
Turyahebwa, A., Sunday, A., & Ssekajugo, D. (2013). Financial management practices and business performance of small and medium enterprises in western Uganda. African Journal of Business Management, 7(38), 3875â€“3885. https://doi.org/10.5897/AJBM2013.6899
Uma, D. P. (2013). Role of Smes in Economic Development of India. Asia Pacific Journal of Marketing & Management Review, 2(6), 2319â€“2836.
Venkatesh, S., & Muthiah, K. (2012). SMEs in India: Importance and Contribution. Asian Journal of Management Research, Vol. 2(No. 2), 792â€“796. http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.409.5197
How to Cite
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License Â Â that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work