TRANSITION OF UNIVERSITAS TERBUKA FINANCIAL MANAGEMENT ACCOUNTING FROM PUBLIC SERVICE AGENCY ENTITIES TO LEGAL ENTITIES

Abstract

In 2022, the change in status from Universitas Terbuka (UT) from "Public Service Agency State University (PTN BLU)" to "State University with Legal Entity (PTN-BH)" made many changes to university governance, one of which was in the financial aspect. This research was conducted to examine the planning and budgeting transitional strategy during the transformation of legal entities, where institutional management authority was exercised independently, including autonomy in financial management. The financial planning system, financial information system, implementation and accountability information system as well as budget reporting was then redesigned to financial needs with PTN-BH regulations. PTN-BH's financial management autonomy is a form of delegation of authority to the PTN-BH's Articles of Association, the separation of state assets which gives rise to state law consequences. This study uses a qualitative descriptive method with a legal approach and a conceptual approach, data collection methods in-depth interviews and documentation review. The results is that the preparation and implementation of the UT transition in the financial sector went through the initial stages of forming a team in the financial sector that compiles financial planning structures, accounting policies and financial reporting, development of systems and procedures for budgeting, financial reporting, financial performance evaluation systems and system development financial management and endowment fund.