A Budgeting Model with Financial Information System (SIK) Application Based on Financial Report in the Industry 4.0 Era

Abstract

This research analyzed the budgeting system and the budget ceiling setting within the scope unit of Universitas Hasanuddin, whether the current budgeting model of Universitas Hasanuddin (the performance-based budgeting) was still relevant to current conditions in the fourth industrial revolution (industry 4.0), as well as the shortcomings of the budgeting system in the financial information system application within the environment of Universitas Hasanuddin. This research used a descriptive analysis method and data calculation analysis to measure the effectiveness and efficiency of the budget. The data analysis consisted of interviews, observation, and documentation data. The data validation was carried out by triangulation, including the triangulation method, data sources, and the data itself. The results showed that APPKeu was more effective and efficient than the FIS application. The ceiling was set from upstream to downstream; on the other hand, the budget planning was from downstream to upstream. The budgeting model at Universitas Hasanuddin was performance-based. However, the supported by Industry 4.0, born by the current chancellor of Universitas Hasanuddin. This research emphasized a rubric for application system guidance and Tor for implementing activities, chancellor commitments, and data backup.