Foundation Financial Management Boarding School
DOI:
https://doi.org/10.24042/jaiem.v4i2.17147Keywords:
Finance, Islamic Boarding School, Management.Abstract
This study aims to analyze the financial management of the Bustanul 'Ulum Islamic Boarding School Foundation Jaya Sakti Anak Tuha Central Lampung. This research uses descriptive research methods by collecting data through observation, interviews, and document analysis. The results showed that the financial management of the Boarding School had been carried out properly, including the budgeting process, the implementation of cash inflows and outflows, and evaluation through supervision and audits. The leadership of the Boarding School and its staff have carried out educational planning, expenditure planning, and income planning to ensure that the planned programs are in accordance with the vision, mission, and conditions of the institution. Financial inflows and outflows have been carried out effectively through the separation of activities, facilitating the implementation, supervision, and management of funds. Financial evaluation shows effectiveness in supervision, but transparency and community participation still need to be improved. The results of this study confirm the importance of transparent and accountable financial governance to support the sustainability of pesantren.
References
Adhinata, B., Darma, I. K., & Sirimiati, N. W. (2020). Good Village Governance in Financial Management to Create Independent Village: Study of Pecatu Village Government. SOSHUM : Jurnal Sosial Dan Humaniora, 10(3), 334–344.
https://doi.org/10.31940/soshum.v10i3.2015
Anorue, H. C., & Ugwoke, E. O. (2022). Prevention of Financial Risk: Cash and Inventory as a Catalyst for Working Capital Management for Lifelong Learning of Small-Scale Operators. SEDME (Small Enterprises Development, Management & Extension Journal): A Worldwide Window on MSME Studies, 49(4), 368–384. https://doi.org/10.1177/09708464221128731
Arthur, B., & Appiah-Kubi, R. (2020). Performance Improvement of Non-Governmental Organisations through Financial Management: A Case study of Young Men’s Christian Association of Ghana. Journal of Accounting, Business and Finance Research, 8(2), 58–71. https://doi.org/10.20448/2002.82.58.71
Asuquo, A. I. (2020). Applicability of standard magnitude variance in determination of financial progress of business organizations. International Journal of Scientific and Technology Research, 9(3), 6351–6358.
Demyen, S. (2022). From Fragility to Resilience—How Prepared Was the Romanian Business Environment to Face the COVID-19 Crisis? Journal of Risk and Financial Management, 15(2). https://doi.org/10.3390/jrfm15020059
Fakhrurrazi, F. (2021). Konsep Berpikir Sistemik Dalam Penyusunan Rencana Strategis. Jurnal Isema : Islamic Educational Management, 6(1), 13–24. https://doi.org/10.15575/isema.v6i1.9406
Festus Folajinmi, A., & Olufemi Peter, A. (2020). Financial Management Practices and Performance of Small and Medium Scale Poultry Industry in Ogun State, Nigeria. Journal of Finance and Accounting, 8(2), 90. https://doi.org/10.11648/j.jfa.20200802.15
Gioia, D. (2021). A Systematic Methodology for Doing Qualitative Research. Journal of Applied Behavioral Science, 57(1), 20–29. https://doi.org/10.1177/0021886320982715
Goyal, K., & Kumar, S. (2021). Financial literacy: A systematic review and bibliometric analysis. International Journal of Consumer Studies, 45(1), 80–105. https://doi.org/10.1111/ijcs.12605
Jayawarsa, A. A. K., Purnami, A. A. S., & Saputra, K. A. K. (2021). Meaning the economic existence and financial management of the small organization of a traditional village in bali. International Journal of Business, Economics and Law, 24(5), 8–15.
Jiminez Santural Jose, R., Thien Thong Minh, H., Ehsan Ullah, S., & Sadiq, M. (2021). Enhancing Staff’s Work Motivation in Vietnamese Companies. Turkish Journal of Computer and Mathematics Education, 12(14), 4402–4410.
Khan, P. A., Johl, S. K., & Akhtar, S. (2021). Firm Sustainable Development Goals and Firm Financial Performance through the Lens of Green Innovation Practices and Reporting: A Proactive Approach. Journal of Risk and Financial Management, 14(12), 605. https://doi.org/10.3390/jrfm14120605
Mosteanu, N. R., & Faccia, A. (2020). Digital systems and new challenges of financial management – fintech, XBRL, blockchain and cryptocurrencies. Quality - Access to Success, 21(174), 159–166.
Muthmainnah, S., Mila, M., & Ichfan, H. (2019). Pentingnya Manajemen Keuangan Bagi Perusahaan. Muhasabatuna : Jurnal Akuntansi Syariah, 1(2), 32.https://doi.org/10.54471/muhasabatuna.v1i2.1263
Ren, S. (2022). Optimization of Enterprise Financial Management and Decision-Making Systems Based on Big Data. Journal of Mathematics, 2022, 1708506. https://doi.org/10.1155/2022/1708506
Rosenbaum, D., & More, E. (2021). Risk and Opportunity—The Leadership Challenge in a World of Uncertainty—Learnings from Research into the Implementation of the Australian National Disability Insurance Scheme. Journal of Risk and Financial Management, 14(8), 383. https://doi.org/10.3390/jrfm14080383
Saraswati, A. M., & Nugroho, A. W. (2021). Perencanaan Keuangan dan Pengelolaan Keuangan Generasi Z di Masa Pandemi Covid 19 melalui Penguatan Literasi Keuangan. Warta LPM, 24(2), 309–318. https://doi.org/10.23917/warta.v24i2.13481
Stravinskiene, I., & Serafinas, D. (2020). The Link between Business Process Management and Quality Management. Journal of Risk and Financial Management, 13(10), 225. https://doi.org/10.3390/jrfm13100225
Wanyoike, H. W., Onyuma, S. O., & Kung’u, J. N. (2021). Working capital management practices and operational performance of selected supermarkets with national network. International Journal of Research in Business and Social Science (2147- 4478), 10(2), 72–85. https://doi.org/10.20525/ijrbs.v10i2.994
Zada, M., Yukun, C., & Zada, S. (2021). Effect of financial management practices on the development of small-to-medium size forest enterprises: insight from Pakistan. GeoJournal, 86(3), 1073–1088. https://doi.org/10.1007/s10708-019-10111-4
Zimon, G. (2020). Financial liquidity management strategies in Polish energy companies. International Journal of Energy Economics and Policy, 10(3), 365–368. https://doi.org/10.32479/ijeep.9150
Downloads
Published
Issue
Section
License
The author grants to the Journal of Advanced Islamic Educational Management the right of first publication of the work. Copyright on any article published by Journal of Advanced Islamic Educational Management is retained by the author without restrictions. For papers with more than one author the corresponding author agrees and is allowed by co-authors to make decisions regarding the prepublication release of information in the paper to the media, government agencies, or both.When the author is submitting the manuscript with the Authorship Statement Form (covering letter) to the Editorial office electronically, the manuscript is registered online through the Editorial Copyright Section and that means that manuscript is placed under the copyright agreement with the editor and the author copyright legally assigned by the publisher. This process protects the author, as well as the editor, and it permits to coordinate permissions for reprints, post-prints, or other use.
Under such rules, the author retains the ownership of copyright and the other rights themselves. 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 acknowledgment of its initial publication in this journal, but the reference to the Journal of Advanced Islamic Educational Management.
The unavoidable disagreements should be submitted in a written form. The author is aware that the disagreement with the Journal of Advanced Islamic Educational Management requests may result in the rejection of the manuscript.
As a result of this Copyright Notice (considering also the Licensing Terms), the authors and readers act under the terms of Creative Commons Attribution-ShareAlike CC BY-SA 4.0 International License, while the Management of Environment Education editorial office and publisher obtain the right to complete the agreement with libraries, repositories, and databases for the dissemination of the scientific information.
