Page 7 - FLIP BOOK ECONOMIC PROBLEMS AND HOW TO SOLVE THEM BY SELA PUTRI AGUSTIANI
P. 7
All company activities related to the use of the company's budget funds used for all company
activities and interests. With careful planning and consideration, maximize profits and minimize
budgets that are wasted without results.
2. Controlling
Related to supervision in all activities in financial management, both in distribution and in
bookkeeping, which for the next financial evaluation can be used as a reference for carrying out
further company activities.
3. Auditing
All internal checks are carried out so that all forms of activities related to financial management
are in accordance with the rules of accounting standards and no deviations occur.
Financial Management Objectives
According to Astuty, the purpose of financial management is basically to realize the goals that
have been set. So that knowledge of wealth structure, finance, and capital can be obtained from
practice. Besides that, to realize it, a manager must follow the principles: Consistency,
Accountability, as a form of responsibility for the funds contained in the business.
Financial Management Process
According to Kuswadi, financial analysis is the foundation of finance, it can provide a picture of
the company's financial health both now and in the past, so that it can be used for decision
making for company managers related to it in order to improve performance in the future. There
are four basic frameworks of financial management: Planning, Recording, Reporting,
Controlling
F.Definition of Economic System
Basically, the economic problems faced by countries in the world are the same. However,
because the government system, natural resources, and technology are not the same, each
country has its own economic system.
Types of Economic Systems
The traditional economic system is the simplest economic system. The way of solving problems
is based on habits, traditions, and customs for generations. The results of production are only to
fulfill daily needs, aka not traded. The community only relies on labor and makeshift natural
resources, without the help of sophisticated technology.
Characteristics of the Traditional Economic System
