Family Based MSMEs Business Financial Management to Improve the Welfare of MSMEs Workers in Malaysia
List of Authors
Agung Dinarjito, Darmansyah ., Harnovinsah ., Shanti Lysandra, Syahril Djaddang
Keyword
Family Financial Management, Community Service, International Benchmarking
Abstract
Family financial management has a very important role in creating economic stability and prosperity for family members. Financial management is a process that involves planning, controlling and supervising family financial resources in order to achieve family goals. The purpose of this study to increase the understanding and skills of the Indonesian people in Malaysia, especially in managing the finances of family-based businesses. This collaboration includes several main activities aimed at improving the quality of accounting education and expanding collaboration between universities in Indonesia and Malaysia. One of the main activities is International Benchmarking, which aims to compare curricula, teaching methods and accounting standards between the two universities. This activity includes the exchange of information regarding curriculum and teaching materials, analysis of educational gaps, and implementation of recommendations for curriculum adjustments based on international standards. The Community Service (PkM) activity will be carried out through several strategic stages designed to ensure its effectiveness and impact on the participants. The first stage is Needs Analysis and the next stage is Training and Workshops. This program has succeeded in facilitating the exchange of knowledge, experience and best practices between the two institutions, increasing understanding of the education and community service systems in both countries.