FINANCE MANAGEMENT IN EDUCATION

FINANCE MANAGEMENT IN EDUCATION

A.  Definition of Finance Management

Management of financing education is the whole process of planned activities and dikalsanakan or cultivated intentionally and seriously, as well as the gradual development of the operational costs of schooling, so that the operational activities of education more effective and efficient in order to help achieve the educational goals that have been set.

Financial management can be defined as acts of management / financial administration which include registration, planning, execution, and reporting penangungjawaban. In the financial management of the school there is a series of activities consisting of planning school programs, budget estimates, and revenues are necessary in program implementation, validation and use of the school budget.

Some of the activities of financial management is to obtain and establish funding sources, utilization of funds, reporting, investigation, and accountability.

a.             Planning Activities to establish goals to be achieved, how to achieve it, the time required, the number of people required, and the cost.

b.            Use of such activities include income and expenditure, both routine and development budget.

c.             Recording or bookkeeping is the recording of transactions that occur as the implementation of the budget.

d.             Reporting and pertangunggjawaban serves to check mainly demonstrated in a variety of financial issues, covering a wide range of transactions that have been carried out, whether in accordance with the recording and planning budgets.

B.  Finance source

In law the national education system No. 20 of 2003 stated clearly that the procurement and utilization of educational resources by all parties, including the government, society, and family participants learners to facilitate the provision of learning opportunities for all citizens. As for the sources of tuition fees are as follows:

1.      Government funds

2.      Dues school.

3.      Voluntary Donations.

C.   Budgeting in education

Budgeting is the process of activities or the budget process. Anggran is an operational plan that is expressed quantitatively in terms of the monetary unit used as a guideline in conducting agency within a certain time. Budgets can be said as well as statements regarding the estimation of the performance to be achieved during certain periods of financial measures. Budget has two sides, namely: Sides reception and The expenditure side

Management functions in the public sector budget are:

1.      The budget as a planning tool

2.      Budget as a means of controlling.

3.      The budget as a policy tool

4.      Budget as a political tool

5.      Budget as a means of coordination and communication

6.      Budget as a tool penilaina performance

7.      Budget as a motivational tool

D.   Education finance auditing

Auditing is the process of collecting and penegevaluasi material evidence about the information that can be measured on an economic entity which made a competent and independent to be able to determine and report the information referred suitability criterias established. Auditing may be defined as the review of finansial transction to assure their accuracy, completeness, legality, and comparability with general accepted practices.

The types of audit: Audit of financial statements, Operational Audit, Audit obedience.