The Covid 19 pandemic turned out to have an impact on the economic downturn of the community. The Village Credit Institution (LPD), a financial institution belonging to a traditional village in Bali, is greatly affected by this situation. The management team is required to be able to maintain the health level of the LPD in the midst of the economic crisis with the risk of liquidity difficulties and bad credit at this time. This study aims to build an information system for LPD health level assessors. The system was developed with an object oriented methodology, with the LPD health assessor using the RGEC method. The method, which includes the Risk Profile (R), Good Corporate Government (G), Earnings (E) and Capital (C) factors, does consider the problem of risk. Based on financial report data and self-assessment results related to LPD management, the resulting system will determine the LPD's health level quickly, precisely and at any time. The resulting health level is in the form of a comprehensive and partial health level according to the factors, to make it easier for the management team to determine the focus of the study and analysis if a problem occurs in the LPD health level.
The Covid-19 pandemic has had a profound impact on the economic capacity and purchasing power of the general public. This condition automatically affects the ability of the people to fulfill their obligations, especially paying off the credit they have already taken. Credit has the potential to become bad credit. On the other hand, some people have started withdrawing their savings and deposits. This situation is certainly very worrying for financial institutions, especially the Village Credit Institution (LPD), which is the backbone of the economy of traditional village communities in Bali. LPDs must be managed with care. In this prudence, the manager in addition to maintaining the level of health, is also required to monitor the level of risk of his LPD. This risk rating becomes important in conducting supervision, prudence and anticipation in the operational management of the LPD. This research was conducted in an effort to help LPD prepare an information system for assessing the level of risk for its institution. The research was conducted using the Waterfall system development stages, with an objectoriented approach. At the initial stage, this research focused on designing the required information system, through the stages of object-oriented analysis and design (OOA and OOD). The resulting design is a component of the system, which can later be used as a reference in the final stages of system development, namely the object-oriented programming (OOP) stage.
The risk-based audit approach focuses on identifying and assessing material risks as well as risks that have the potential to hinder business strategy. Moreover, this approach will help the auditor plan a more targeted audit to make the implementation and reporting stage easier. This risk-based audit approach can be applied through the ATLAS, consisting of risk assessment, risk responses, and reporting. This audit approach focuses on evaluating strategic, financial, operational, regulatory, and other risks faced by organizations, such as risks to the company's going concern during the covid 19 pandemic. Given the current conditions, economic uncertainty worldwide, and increasing business and operations for many entities can challenge the auditor's judgment in conducting accounting examinations. The auditor should also consider the impact of the auditor's evaluation on management's assessment of the entity's ability to continue as a going concern. This study aims to map going concern risk assessments during the COVID-19 pandemic using the ATLAS. The sample in this study is the company's 2020 financial statements which in their preparation apply the financial accounting standards of entities without public accountability (SAK ETAP), with the business fields of hotels, advertising, contractors, trade, travel, communication services, cooperatives, health clinics, and Education. Data analysis was conducted using a comparative descriptive method on implementing the audit stages, risk assessment, namely in the financial, operational, and other aspects, and testing with Z-Score analysis. Mapping going concern risk assessment during the covid-19 pandemic using the ATLAS shows that first of all the hotel, contractor, travel business facing bankruptcy condition, secondly the cooperative business, education fall in the grey area and finally the type of business advertising, trading, communication services, health clinics in non-bankrupt conditions.
As a financial institution that is very vulnerable to negative issues, Bali Governor Regulation No 44/2017, which regulates the management of an LPD (Village Credit Institution) directs that LPDs be managed carefully. Performance indicators that must be considered are the level of health and risk rating of the LPD, which are determined by a number of factors/components related to the financial condition and procedures for managing the LPD. The procedure for determining it is clear, but requires careful calculations and seems difficult for those who do not understand it. Knowledge of the level of health and risk rating will make it easier to find alternative solutions when the LPD has problems. Building a health level and risk rating monitoring system is a solution. The system is built using the Waterfall method with an object-oriented system approach. This system will greatly assist the manager and the supervisory team to maintain good LPD performance, and can quickly anticipate situations that cause the LPD's performance to decline, which is shown from the factors/components of the health level monitoring results and risk ratings by this system.
This study examines the effectiveness of implementing a project performance-based employee incentive system at a state-owned construction company in Indonesia, PT PP (Persero) Tbk. The data were analyzed using a quantitative approach, with the Key Performance Indicator (KPI) for each project before and after the implementation of the project performance-based incentive system. The data was tested using the Wilcoxon test to see if there were statistical differences in project performance before and after the implementation of the project performance-based employee incentive system. The results show that there are statistically significant differences in project KPIs before and after the implementation of the project performance-based employee incentive system. The project KPIs show a higher average value than before the implementation of this system. This research contributes especially for construction companies regarding the pros and cons of implementing a project performance-based incentive system because it is proven to be effective in motivating employees in increasing the average performance of their projects which affect the company's overall performance.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.