Modeling of Financial Managing Based on Entrepreneurship at Mini Bank of Vocational Education Institution

DOI

10.2991/978-2-494069-83-1_9How to use a DOI?

Keywords

Financial Managing; Entrepreneurship; Mini Bank; Vocationa Education Institution

Abstract

Mini Bank of The Vocational Education Institution functions like a bank that serves customers. Mini bank as a place for industrial practice for vocational students after obtaining the basics of accounting. Differences in students’ understanding and abilities have an impact on the results of industrial practice performance. The purpose of this study was to analyze the financial management model of a Vocational Education Institution mini bank as a change in economic behavior, entrepreneurship, and understanding of financial accounting for vocational students; (2) Constructing an empirical model of financial management of a vocational school mini bank from the aspect of financial accounting. The research used descriptive qualitative. Methods of data collection is done by direct observation and in-depth interviews. The results showed that the management of the vocational school mini bank was carried out starting from the initial process by providing an understanding of the basics of financial accounting in the classroom. Furthermore, students at the 2nd semester level are given direct practice in mini banks as managers of mini banks for 6 months. The results of the practice reports in mini banks are then evaluated to measure the level of students’ abilities and changes in economic behavior, entrepreneurial spirit, and financial transactions. The construction of the financial management model of a mini vocational school bank from the accounting aspect follows the flow of the accounting cycle, starting from recording accounting evidence, grouping transactions, journalizing, compiling ledgers, compiling balance sheets, and financial reports. The results of the evaluation of the financial statements are informed to all students as Mini Bank owners.The recommendation from this research is chance of economic behavioral of the vocational student on the job training

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ni Nyoman Aryaningsih
AU  - I Made Bagiada
AU  - I Ketut Parnata
AU  - Putu Rany Wedasuari
PY  - 2022
DA  - 2022/12/30
TI  - Modeling of Financial Managing Based on Entrepreneurship at Mini Bank of Vocational Education Institution
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2022 (iCAST-SS 2022)
PB  - Atlantis Press
SP  - 48
EP  - 52
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-83-1_9
DO  - 10.2991/978-2-494069-83-1_9
ID  - Aryaningsih2022
ER  -