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    (DMN GM 10) Mid-Term Exam - Bianda Puspita Sari

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    Bianda Puspita Sari
    1. The document describes a complex situation faced by the author during their undergraduate internship where they worked as a financial consultant examining financial reports from local government organizations. They found many errors in the reports. 2. The author identifies 5 options to address problems causing the errors: 1) inadequate record keeping, 2) lack of standard operating procedures, 3) lack of technology skills, 4) uneven internet access, 5) non-accounting graduates preparing reports. 3. Using a situation appraisal method, the author prioritizes addressing non-accounting graduates as the top priority, followed by improving internet access, technology skills, record keeping, then establishing standard procedures.

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    (DMN GM 10) Mid-Term Exam - Bianda Puspita Sari

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    Bianda Puspita Sari
    207 views6 pages
    1. The document describes a complex situation faced by the author during their undergraduate internship where they worked as a financial consultant examining financial reports from local government organizations. They found many errors in the reports. 2. The author identifies 5 options to address problems causing the errors: 1) inadequate record keeping, 2) lack of standard operating procedures, 3) lack of technology skills, 4) uneven internet access, 5) non-accounting graduates preparing reports. 3. Using a situation appraisal method, the author prioritizes addressing non-accounting graduates as the top priority, followed by improving internet access, technology skills, record keeping, then establishing standard procedures.

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    [DMN GM 10] Mid-Term Exam - Bianda Puspita Sari

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    1. The document describes a complex situation faced by the author during their undergraduate internship where they worked as a financial consultant examining financial reports from local government organizations. They found many errors in the reports. 2. The author identifies 5 options to address problems causing the errors: 1) inadequate record keeping, 2) lack of standard operating procedures, 3) lack of technology skills, 4) uneven internet access, 5) non-accounting graduates preparing reports. 3. Using a situation appraisal method, the author prioritizes addressing non-accounting graduates as the top priority, followed by improving internet access, technology skills, record keeping, then establishing standard procedures.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    207 views6 pages

    (DMN GM 10) Mid-Term Exam - Bianda Puspita Sari

    Uploaded by

    Bianda Puspita Sari
    1. The document describes a complex situation faced by the author during their undergraduate internship where they worked as a financial consultant examining financial reports from local government organizations. They found many errors in the reports. 2. The author identifies 5 options to address problems causing the errors: 1) inadequate record keeping, 2) lack of standard operating procedures, 3) lack of technology skills, 4) uneven internet access, 5) non-accounting graduates preparing reports. 3. Using a situation appraisal method, the author prioritizes addressing non-accounting graduates as the top priority, followed by improving internet access, technology skills, record keeping, then establishing standard procedures.

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    GM 10 – Bianda Puspita Sari – 29319355 - Mid Term – MM5009 – Decision Making and Negotiation

    1. Identify and describe a complex situation that you face in your personal life

    This is based on my own experience during my undergraduate internship, in order to work on


    my thesis. I did an internship at the Cirebon city government office, as a financial consultant. As a
    financial consultant I have a specific task, which is to examine financial reports that have been
    prepared by officers of Regional Government Organizations. The research I conducted used the
    primary quantitative method by distributing questionnaires, collected 55 respondents from 39 Regional
    Government Organizations.
    However, as time went on when I checked financial reports, I often found several errors in the
    formatting or calculation methods in the financial reports that have been presented by each local
    government. In the examination of this financial report there is also a deadline, because it must be re-
    examined by the Supreme Audit Agency. However, there are still many Regional Government
    Organizations that make revisions to the preparation of their financial reports. After we have noticed
    as financial consultants, the things that cause these problems are:
    1. Inadequate production and use of documents and records.
    2. The implementation of budget management activities has not yet established a Standard
    Operating Procedure.
    3. The lack of understanding on the use of technology.
    4. Internet network that has not been installed evenly in several Regional Government
    Organizations.
    5. There are employees who do not graduate from the Accounting major.
    Of the several problems above that have been described, now as a financial consultant I am
    trying to solve this problem by going into more detail:
    Option 1 – Inadequate production and use of documents and records.
    Previous records were inadequate, there were no correct examples in making financial reports so that
    they could be used as a benchmark for making a new year. The provision of back records or financial
    report files that were correct in the previous year is one way to overcome this problem.
    Option 2 – The implementation of budget management activities has not established a
    Standard Operation Procedure.
    The basic provisions have not been detailed yet, so that the preparation of financial statements is still
    made in a simple process and causes many errors and repeated revisions. The importance of SOPs
    plays a role in the correctness of the preparation of financial statements.
    Option 3 – The lack of understanding on the use of technology.
    This could be due to the lack of direction from the local government on the technology and application
    system used for processing financial reports, therefore training can be carried out which would cost an
    additional Rp. 10 million per month as operating cost, and capital cost in updating technology
    (computer, tab, application software) for each employee is Rp. 85 million per year.
    Option 4 – Internet network that has not been installed evenly in several Regional Government
    Organizations.
    Now it is the top priority for all offices for installing internet or Wi-Fi. With this it is recommended that
    each Regional Government Organization immediately harmonize the use of Wi-Fi, in order to support
    the way employees work (make it easier). And install it with the minimum standard of Wi-Fi quality, in
    order to minimize network problems. Installation of Wi-Fi which includes a capital cost of Rp. 500
    thousand and a monthly fee of Rp. 200 thousand.
    Option 5 – There are employees who do not graduate from the Accounting major.
    A person's graduation majors make the basis of the quality of an employee's performance, it is
    necessary to re-examine the reasons why Regional Government Organizations continue to employ
    non-graduate accounting majors. If this continues, it is necessary to provide special education for
    those who do not graduate from accounting majors, by providing training every 6 months to be more
    effective and efficient in terms of the development of the employee's performance. With a cost of
    capital of Rp. 7 million per 6 months. And the operational cost would be Rp. 1 million per 6 months.
    2. (a) Situation Appraisal (SA) to identify the concerns (problems, decisions or future
    events), prioritize them and plan for their resolutions (PA,
    DA, and PPA)

    Timin
    Concern Trend Impact Process Priority
    g
    Option 1- Inadequate production and use of
    H H H PPA 4
    documents and records.
    Option 2 - The implementation of budget
    management activities has not established a M L H PA 5
    Standard Operation Procedure.
    Option 3 - The lack of understanding on the
    M H H PPA 3
    use of technology.
    Option 4 - Internet network that has not
    been installed evenly in several Regional H H H PPA 2
    Government Organizations.
    Option 5 - There are employees who do not
    H M H DA 1
    graduate from the Accounting major.

    2. (b) Find the unknown causes of the problems through a suitable Problem Analysis (

    PA) method
    Possible cause  (1) the information in other detailed financial reports is indeed not sufficient to be
    used as additional information for the preparation of financial reports, (2) inadequate resources, (3)
    and / or regulations from the local government regarding the format for preparing financial reports that
    have not been submitted simultaneously.

    The most possible cause  The implementation of budget management activities has not established
    a Standard Operation Procedure.

    Verification  It is true that the problem is the Standard Operation Procedure that has not been
    established by the local government organization, but besides these problems there are several
    supporting problems that make the annual financial reports not good or revise them repeatedly. As the
    problems have been described in the Situation Appraisal stage.

    2. (c) Develop alternative solutions for the decisions that need to be made and make a
    decision using Decision Analysis (SMART stage)

    Stage 1: the decision maker who do the inspections of financial report (financial consultant).
    Stage 2: the alternative courses of actions  there are 5 options in this case.
    Stage 3:

    Stage 4:

    Direct Rating (Abstract Value)

    Stage 5 :
    Determining Weight of the Attributes
    Stage 7:
    Provisional Decision: Trading Cost vs Benefit

    Efficient frontier Preferred direction Dominated area

    Stage 8:
    Sensitivity Analysis

    Grade of Technology = 0 Human Resources = 0


    As long as weight of total Grade of Technology < 52, Option 5 is the most attractive
    When weight of total Grade of Technology > 52, Option 3 is the most attraction

    2. (d) Anticipate future events or potential problems of the chosen decisions through
    Potential Problem Analysis (PPA

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