The Sustainability of Resource-Sharing Family Business in Relation to Family Non-Economic Goals

Small and medium family businesses have distinct characteristics that differ from large corporations, with distinct challenges to their owner-managers. Many entrepreneurial families seek to achieve non-economic goals and share familial resources without compensation, not necessarily maximization of their sustainable value. As a consequence, traditional financial reporting is of limited use to them, as it does not reflect their priorities. This article introduces sustainability elements in the socio-emotional-wealth theory; identifies a family business type called resource-sharing; proposes a financial ruleset to quantify the sustainable financial position of the company regarding the achievement of non-economic goals of the family; and introduces an integrated mechanism to identify strategic implications for both family and business. Concepts are applied to family businesses from three countries, to verify applicability and usefulness.

Penyajian Laporan Keuangan Entitas Berorientasi Non Laba Berdasarkan ISAK 35 Pada Gereja HKBP Km 55

This journal discusses the presentation of financial statements on non-profit entities. Initially, non-profit entities presented financial statements based on PSAK 45 which was later changed to ISAK 35. One of the non-profit entities included in the church, the most important aspect of which was financial accountability. Good accountability is obtained from generally accepted accounting standards.The purpose of this journal is to find out the presentation of financial statements based on the implementation of ISAK 35 which began on January 1, 2020. The object of this paper is the presentation of the financial statements of the HKBP KM 55 Church. The data were collected through a series of interviews and observations. The financial statements that will be produced are statements of financial position, statements of comprehensive income, statements of cash flows and notes to financial statements.Keywords : ISAK 35, Non-Profit Entities,Financial Report

ANALISIS LAPORAN KEUANGAN

Financial statements are an important tool to obtain information regarding the financial position and results achieved by the company. Financial statements are one of the most important sources of information for making economic decisions. Financial statement analysis includes the application of tools and techniques to financial statements and financial data in order to obtain measures and relationships that are useful in the decision-making process.

Effect of Macroeconomic Variables on Financial Performance of Healthcare Manufacturing Firms in Nigeria

This study empirically investigated the effect of macroeconomic variables on financial performance in Nigeria healthcare sector. It spanned for the period of 2008-2018 and utilized annual time series secondary data extracted from annual reports and financial statements of the selected firms. Ex-post facto research design was adopted while analytical techniques employed were descriptive statistics, fully modified ordinary least squares panel regression and Pearson correlation analysis. Findings revealed that changes in macroeconomic indices play significant roles on the financial position of Healthcare manufacturing firms in Nigeria. Particularly, result showed that exchange rate, interest rate, external debt and trade openness have negative effect while inflation rate exert positive influence to financial position of Healthcare manufacturing firms in Nigeria. Among the selected macroeconomic variables, the effects of exchange rate and inflation rate were significant. Implication of the result is that unstable macroeconomy is harmful to healthy growth of Healthcare manufacturing firms in Nigeria. The study therefore recommended among other things that exchange rate should be monitored while economic policy measures aimed at controlling exchange rate in Nigeria should be established. High rate of interest should also be regulated and set to a rate favourable to the growth of Healthcare manufacturing companies in Nigeria. Federal government of Nigeria should work towards reducing their level of borrowing from foreign countries and as well reduce volume of trade openness for overall performance of manufacturing sector in Nigeria.

PROFIT IMPROVEMENT OF MANAGEMENT AT THE ENTERPRISE

The paper deals with the management of the enterprise profit. It is shown that profit is an important monetary evaluation of production and financial activities of the enterprise, showing the efficiency of the enterprise. It is one of the key performance indicators and enterprise development, improvement of the material base of the company and its products. The role of profits in the company's development in today's market conditions. The analysis of approaches to the management of a profit. Analyzed profit management company. Defined workflow for the management of the distribution and use of the company's profit. Revealed the necessary conditions of good governance and improve the profit management process of the company. Proposed measures to improve the structure of the target the use of business profits, which will improve the financial position of the company and increase its efficiency.

Analisis Penerapan Penyusunan Laporan Keuangan Masjid Baitul Makmur Situbondo Berdasarkan ISAK No.35

ABSTRACT This study aims to analyze the preparation of the financial statements of the Baitul Makmur Situbondo Mosque based on ISAK No. 35. The type of research used is descriptive qualitative research. Data collection techniques were obtained through observation, interviews and documentation. The data obtained are secondary data and primary data. The results of this study indicate that the mosque's financial statements are not in accordance with ISAK No. 35. Then the mosque's financial statements were reconstructed in accordance with ISAK No. 35 by identifying transactions, making general journals, posting to the general ledger, making trial balances before adjustment, adjusting journals, trial balance after adjustment, preparing financial statements, closing journals, and the post-closing trial balance. And the final results of the accounting process are statements of financial position, statements of comprehensive income, reports of changes in net assets, statements of cash flows, and notes to financial statements.

DESAIN LAPORAN KEUANGAN UMKM BERBASIS MICROSOFT EXCEL PADA SUNSHINE LAUNDRY

This study aims to design the financial statements of Sunshine Laundry using the Microsoft Excel application. The research method was descriptive qualitative. Instruments of data collection was down through interview in the form of questions regarding the recording of financial statements. While the data collection instrument with documentation, was done through namely evidence of transactions that occurred in the business. The results of this study indicate that the design of financial statements with Microsoft Excel helps Sunshine Laundry in compiling financial reports in accordance with EMKM accounting standards. The design of financial reports using Microsoft Excel is assisted by data flow diagrams to describe the flow of the system consisting of a menu design sheet, module 1, module 2, price list, transaction list, account type, chart of account, general journal, income statement, and statement of financial position.

Financial Status of Rural and Urban Dalit of Kaski District

The primary objective of this paper is to describe and measure financial status of the Bishowkarma, Pariyar, and Nepali caste in the rural and urban regions of Kaski district of Nepal. The study has used descriptive research design and judgmental and quota sampling with an equal 150 samples of the rural and urban areas including 50 samples of each caste. A set of close-ended questionnaires was used to collect data from primary sources. The collected data were analyzed with the help of statistical tools like frequencies, weighted mean, and percentage using MS-Word, MS-Excel, and SPSS. The Bishwokarma caste has good financial status in the urban area followed by Nepali and Pariyar. However, in a rural area, the Nepali caste has a better financial position followed by Pariyar and Bishwokarma. The study results indicate people living in the urban areas have a stronger financial position with an overall mean score of 3.02 compared to people living in the rural areas with an overall mean score of 2.85. The concerned government bodies need to give special care to uplift the financial status of the Pariyar people in the urban region and the Bishwokarma people in the rural region. Thus, this study conveys a comprehensive picture of the financial status of rural and urban Dalits of Kaski District which could be the baseline data set for future study and primary data sources for local stakeholders.

Between rags and riches: rethinking security for costs in international commercial arbitration

This article assesses the traditional approach adopted to making an order of security for costs in international arbitration, which focuses almost exclusively on the financial standing of the claimant. The article argues that this approach is inappropriate, and has the potential to undermine the purpose of the remedy itself; namely, to protect a respondent who has been dragged into an arbitration against his will, and may subsequently struggle to enforce a costs award against the claimant if he is successful in due course. The author therefore argues that the financial position of the respondent—and the impact of the proceedings on that respondent—should be hardwired into the assessment undertaken by arbitral tribunals when considering whether to order the claimant to provide security for the respondent’s costs.