Transformation of Financial Transaction Patterns in the Era of Digital Society: Challenges and Implications for Public Financial Management Regulations

DOI

10.2991/978-2-38476-315-3_9How to use a DOI?

Keywords

Transformation; Financial Transaction Patterns; Digital Society; Public Financial Management; Regulation

Abstract

This modernization demand is in line with society’s demands for bureaucratic transparency and accountability. These factors encourage the government to create mechanisms to introduce a more modern transaction system in line with current developments. The financial governance system is regulated by several laws and derivative regulations, in its implementation, obstacles are still found, especially in terms of adapting to the current era of modern societal transactions. The aim of this research is to provide stimulus in the form of recommendations for the government and agencies to create regulations regarding good and progressive government financial governance. The research methodology employs a normative juridical approach, which involves a thorough analysis of the legal principles and rules that regulate the management of public finances. The results of this research show that there are differences between the central government accounting system and regional government accounting systems because the system is not yet integrated, so reports are often prepared manually. digital infrastructure, digital divide, data security, and system integration. In preparing regulations regarding state financial management, the government will need to pay attention to: uniformity in central and regional government accounting systems and policies; availability of digital infrastructure; and the still-existing digital gaps in the regions. Data security issues. System integration needs to be improved, especially integration with private information systems such as e-commerce and so on.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yuni Nurhayati
AU  - I Gusti Ayu Ketut Rachmi Handayani
AU  - Ria Mardiana Yusuf
PY  - 2024
DA  - 2024/12/24
TI  - Transformation of Financial Transaction Patterns in the Era of Digital Society: Challenges and Implications for Public Financial Management Regulations
BT  - Proceedings of the International Conference on Cultural Policy and Sustainable Development (ICPSD 2024)
PB  - Atlantis Press
SP  - 49
EP  - 57
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-315-3_9
DO  - 10.2991/978-2-38476-315-3_9
ID  - Nurhayati2024
ER  -