Design of Financial Performance Measurement System in Faculty of Teaching and Education, Islamic University of  North Sumatera

IJSRM International Journal of Science and Research Methodology

Human Journals
Research Article
July 2017 Vol.:7, Issue:1
© All rights are reserved by Asnawati Matondang et al

Design of Financial Performance Measurement System in Faculty of Teaching and Education, Islamic University of  North Sumatera

Asnawati Matondang
Islamic University of North Sumatera, Medan,
Indonesia.

ABSTRACT

The challenges of globalization and the increasing universities competitiveness cause increasing problems faced by a university like FKIP UISU Medan. Vision and Mission which has long been established by FKIP UISU is one reference that can be used to face various challenges, but vision and mission are not only as an ornament but also need other tools. Vision and mission require performance measurement system and ironically such system was still not the main concern. This study aims to develop a performance measurement system using Balanced Scorecard in FKIP UISU Medan based on financial perspective. The performance of FKIP UISU from the financial perspective is still able to give financial benefit. However, for the next five years, FKIP UISU can target a financial profit rate of 75 percent of the current profit rate. Currently, FKIP USA’s financial performance is based on tuition fee, while sources such as fee management from cooperative activities with government and private institutions in research, community service, professional work and scientific publications have not been explored. These sources within the next five years are expected to contribute relatively large to the financial performance improvement of FKIP UISU.

Keywords: Learning perspective, Performance, Balanced Scorecard Method

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