Analysis of the Financial Performance Report of the Regional Government of North Sumatra in 2023 with the Standards Government Accounting

Rina Santika; Sabrina Salsabilah; Maya Ranti Bay; Vivi Andriani; Fitri Yani  Panggabean

doi:10.55927/fjsr.v4i5.287

Authors

Rina Santika Panca Budi Development University, Medan
Sabrina Salsabilah Panca Budi Development University, Medan
Maya Ranti Bay Panca Budi Development University, Medan
Vivi Andriani Panca Budi Development University, Medan
Fitri Yani Panggabean Panca Budi Development University, Medan

DOI:

https://doi.org/10.55927/fjsr.v4i5.287

Keywords:

Government Accounting Standards, Local Government Financial Performance Reports, North Sumatra

Abstract

The implementation of accrual-based Government Accounting Standards (SAP) in the North Sumatra Provincial Government in 2023 has shown significant progress in improving transparency and accountability of financial statements. This report analyzes regional financial performance by emphasizing the importance of transparent public financial management to increase public trust. Despite improvements compared to the previous year, some regions still face challenges in achieving the set standards, especially related to human resource competencies and internal controls. Financial performance indicators, such as effectiveness, efficiency, and financial independence, showed mixed results, with some regions achieving good performance, while others still needed improvement. Regulations and audits by the Supreme Audit Agency (BPK) play an important role in maintaining compliance and efficiency of regional financial management. Therefore, increasing the competence of human resources and strengthening the internal control system are needed to ensure sustainability and improve the quality of financial reports in the future

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