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Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru

This study aimed to find the development of an appropriate financial governance model that can be implemented in tourist villages. Good financial governance is expected to strengthen the management of tourist villages in terms of welfare or economic benefits. This study focussed on a financial manag...

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Main Authors: Tubastuvi, Naelati, Winarni, Dwi, Ogie, Rhis
Format: Article
Language:English
Published: Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2023
Online Access:https://ir.uitm.edu.my/id/eprint/88834/1/88834.pdf
https://ir.uitm.edu.my/id/eprint/88834/
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spelling my.uitm.ir.888342023-12-27T03:18:41Z https://ir.uitm.edu.my/id/eprint/88834/ Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru mar Tubastuvi, Naelati Winarni, Dwi Ogie, Rhis This study aimed to find the development of an appropriate financial governance model that can be implemented in tourist villages. Good financial governance is expected to strengthen the management of tourist villages in terms of welfare or economic benefits. This study focussed on a financial management model with detailed stages and analyzed the factors needed to successfully implement the established model. The research method used was a mixed method to capture a value or view represented by experts and practitioners of tourist villages, and the analytical tool used was the Interpretative Structural Modeling. The results showed that the financial management model in tourist villages involves stakeholders, and human resources and technology needs. There were five stages of the management process, namely, identifying financial transactions, preparing financial reports, making financial reports, auditing, and controlling processes. The five stages can be used for a measurable payroll system, profit sharing with investors, use for internal purposes and can be a transparency tool with stakeholders. In addition, there were ten factors needed to support the success of the tourism village management model. The practical implication is that tourism villages’ financial management becomes orderly, transparent, and accountable. Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2023-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/88834/1/88834.pdf Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru. (2023) Management & Accounting Review (MAR) <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review_=28MAR=29/>, 22 (3): 15. pp. 382-404. ISSN 2550-1895
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
description This study aimed to find the development of an appropriate financial governance model that can be implemented in tourist villages. Good financial governance is expected to strengthen the management of tourist villages in terms of welfare or economic benefits. This study focussed on a financial management model with detailed stages and analyzed the factors needed to successfully implement the established model. The research method used was a mixed method to capture a value or view represented by experts and practitioners of tourist villages, and the analytical tool used was the Interpretative Structural Modeling. The results showed that the financial management model in tourist villages involves stakeholders, and human resources and technology needs. There were five stages of the management process, namely, identifying financial transactions, preparing financial reports, making financial reports, auditing, and controlling processes. The five stages can be used for a measurable payroll system, profit sharing with investors, use for internal purposes and can be a transparency tool with stakeholders. In addition, there were ten factors needed to support the success of the tourism village management model. The practical implication is that tourism villages’ financial management becomes orderly, transparent, and accountable.
format Article
author Tubastuvi, Naelati
Winarni, Dwi
Ogie, Rhis
spellingShingle Tubastuvi, Naelati
Winarni, Dwi
Ogie, Rhis
Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru
author_facet Tubastuvi, Naelati
Winarni, Dwi
Ogie, Rhis
author_sort Tubastuvi, Naelati
title Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru
title_short Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru
title_full Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru
title_fullStr Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru
title_full_unstemmed Tourism village financial management model: the interpretive structural model (ISM) approach / Naelati Tubastuvi, Dwi Winarni and Rhis Ogie Dewandaru
title_sort tourism village financial management model: the interpretive structural model (ism) approach / naelati tubastuvi, dwi winarni and rhis ogie dewandaru
publisher Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/88834/1/88834.pdf
https://ir.uitm.edu.my/id/eprint/88834/
_version_ 1787139644693938176
score 13.211869

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