ANTECEDENTS OF MANAGEMENT PERFORMANCE AND FINANCIAL IMPLICATIONS OF THE ART INSTITUTE OF BUDGET ABSORPTION DENPASAR INDONESIA

Abstract

Budget absorption is an achievement of government performance as a form of accountability to the community. Government performance is reflected in the management of programs and activities, and management of local budgets. Good and bad performance of the government is influenced by many factors both external and internal organization. This study aims to analyze the effect of competency variables of financial managers, organizational commitment and time pressure on financial management performance. This study also aims to determine the effect of financial management performance on budget absorption at the Denpasar Indonesian Art Institute. This research is an explanatory research with a quantitative approach that uses the SmartPLS 3.2.7 application as an analysis test tool. The research sample in this study amounted to 40 respondents. The results showed that the competence of financial managers and organizational commitment does not affect the performance of financial management, Time Pressure affects the performance of financial management. In addition, the results of the study indicate that the performance of financial management influences the absorption of the budget at the Denpasar Indonesian Arts Institute.