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Ratio Analysis of Financial Reports to Measure Organizational Performance At PMI City of Surakarta Sri Partini; Muhammad Luthfi H; Farrell Witamajaya
International Journal of Seocology Volume 04, Issue 02 : January - April 2023
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/seocology.v4i02.89

Abstract

Community organizations, non-profit organizations must be responsible for all operational activities of the organization. This includes financial accountability to the public. Even though the service is the service performed social and humanitarian, but the performance of the organization must be goo. Especially financial performance for continuing service to the community. To find out the financial reports and financial performance at PMI Surakarta. This research is a quantitative approach, study with data collection, observation data with in-depth interviews and documentation and field studies at PMI Surakarta City. The financial report data used in this study are the 2019-2022 PMI Surakarta City financial reports. PMI Surakarta City is a non-profit organization that must remain strong to serve the community. one way to maintain the sustainability of the organization by measuring performance. Financial performance is one of them. To measure the financial performance of the authors using ratio analysis of financial statements. The analysis of liquidity ratio , solvability ratio, profitability ratio and activity ratio of financial reports PMI Surakarta in 2019 until 2021 viewed form the liquidity ratio from 2019 to 2021 PMI Surakarta was said to be liquid, because the company was able to cover the current debt and was able to increase its liquidity. Judging the organizations Solvency ratio is not stable. At 2019 to 2020 it decreased and then at 2020 to 2021 it increased. But in 2019 and 2021 the solvency ratio is the same. At 2019 to 2021 PMI Surakarta equity can cover its debt. Meanwhile, the profitability ratio seen from 2019 to 2021 always decreases. This was due to the impact of the covid pandemic and the task of the PMI sector was social humanity which at that time was indeed very important to distribute PMI funds to the community. so there are indeed a lot of costs incurred for the community. While seen from the activity ratio, from the total asset turn over ratio is a good performance. PMI Surakarta activity from 2019 to 2021 has increased the receipt of income is greater than assets. Even though PMI Surakarta is a non-profit organization, it is very important in measuring the financial performance of financial reports. This is to avoid unwanted events due to unfavorable financial conditions. By financial statements, it is expected to improve financial performance. Other sections of related units can also use this analysis report as a performance evaluation per section. If the performance is good, it will be able to provide good service too. In accordance with PMI's vision, to be tough and loved by the community.
Implementation of Risk Management at PMI City of Surakarta Sri Partini; Agus Setyo Utomo; Fannyza Putri Thalia
International Journal of Seocology Volume 04, Issue 03 : May - August 2023
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/seocology.v4i3.100

Abstract

PMI Surakarta City is a social humanitarian and non-profit organization. Served to assist the government and must be responsible for all operational activities of the organization. This organization must be independent and must be ready to face any and all problems that occur. In the face of various possibilities and risks, negative and positive impacts. Risk management will have many benefits for the organization. To find out whether PMI Surakarta implements risk management and how it is implemented. This research is a qualitative descriptive and quantitative study with data collection, data observation with in-depth interviews and documentation and field studies at PMI Surakarta City during the implementation of risk management in April – June 2023. There are organizational benefits by implementing risk management. Risk management encourages organizations to achieve organizational goals optimally, targets are met effectively and efficiently. In the process of risk management stages, the results of risk analysis, risk data that are likely to occur, are analyzed, evaluated, managed and treated according to risk management, so that risks that are likely to occur and have an adverse impact on the organization can be prevented or avoided. Even the risk of the possibility of having a negative impact can be used as an opportunity to become a positive impact in improving organizational performance. Negative impacts or impacts that harm the organization if they can be avoided and managed properly by the organization, the costs that must be incurred by the organization will be more efficient. And compared to when the organization has to deal with or accept the negative impacts and losses that have occurred, the costs will be much more efficient, meaning that organizational performance will increase. PMI Surakarta City has implemented risk management. And the risk management process can further enhance organizational performance. With an analysis of existing risks, and with risk management according to risk management, various risks that have an adverse impact can be managed and can become opportunities for the organization. So that by implementing risk management properly, organizational performance can be maximized and as expected.