The Implementation of Basic Principles of Financial Management to Improve Higher Education Reputation

DOI

10.2991/assehr.k.210805.238How to use a DOI?

Keywords

financial management, private university, good governance university, reputation

Abstract

The development of higher education in Indonesia, especially private universities, is very dependent on the ability to obtain funding sources and manage them so that they can meet financial needs and various other needs. The main source of funding for private universities is tuition fees charged to students and supported by other sources of income such as research grants, further study grants, university management grants, donations from various institutions in the form of scholarships, donations, and the results of expertise services in the form of training, seminars, researches, laboratory activities and several other activities. So important is the management of funds in private universities to carry out the activities of The Threefold Missions of Higher Education (Tri Dharma Perguruan Tinggi) and the sustainability of the program, a good financial management system is needed. In general, there are 10 principles that must be considered in financial management. This paper discusses good and sustainable financial management strategies for private universities by referring to the 10 principles of financial management and other operational supporting regulations. The method of discussion uses descriptive methods accompanied by examples of cases and analysis. Based on the discussion that has been done, the results show that innovation and creativity in the financial management of private universities can improve the reputation, performance, and sustainability of higher education. This result will be one of the references in the next development.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Agustinus Purna Irawan
AU  - Eddy Supriyatna
AU  - Indra Widjaja
AU  - Linda Lin-Chin Lin
PY  - 2021
DA  - 2021/08/08
TI  - The Implementation of Basic Principles of Financial Management to Improve Higher Education Reputation
BT  - Proceedings of the International Conference on Economics, Business, Social, and Humanities (ICEBSH 2021)
PB  - Atlantis Press
SP  - 1510
EP  - 1514
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210805.238
DO  - 10.2991/assehr.k.210805.238
ID  - Irawan2021
ER  -