BUMDes School For Financial Management

Abstract

For BUMDes (village-owned enterprise) managers, orderly financial records and reports
are crucial matters to know the financial position of their business. Systematic financial
record is a tool for making decisions regarding business development plans, as well as
requirements for applying for capital or getting investors. The administrative system for
recording BUMDes financial reports is mostly still manual which seems complicated and
lengthy, so there are still many BUMDes managers who do not have financial reports in
running their business. The purpose of this community service was to increase understanding
and competence regarding accounting literacy for BUMDes managers. These community
service partners were directors and treasurers of 27 BUMDes in Paciran and Karanggeneng
districts. Community service activities were carried out through training and mentoring
methods and attended by the BUMDes managers and treasurers. The training was
conceptualized in the form of lectures, discussions, and practice of preparing financial
statements. The results of this service indicated that there was an increase in the knowledge
and skills of BUMDes managers regarding administration, rules, utilization of village asset,
and financial bookkeeping. The output of science and technology achieved was practical
knowledge of simple accounting, namely the preparation of financial reports in accordance
with existing standards and regulations.