The Influence of Knowledge of Financial Management Systems in Supporting the Success of UMKM on Jalan Urip Sumodiharjo of Rantau Prapat

Abstract

In the city of Rantauprapat, precisely on Jalan Urip Sumodiharjo, it is one of the areas or roads that are mostly occupied by MSME actors, ranging from micro businesses, small businesses to medium businesses. The purpose of this study is to find out how the financial management system influences the success of MSMEs on Jalan Urip Sumodiharjo. The research method used is quantitative with survey techniques and also descriptive. The results of this study indicate that financial management knowledge has a positive or good effect on the success of MSMEs on Jalan Urip Sumodiharjo. Financial management is also one of the overall management system. A good management system will lead to achieving the goals of a company, organization or even MSME actors around us. Financial management is also the management of financial functions. Financial management can also be formulated as the functions and responsibilities of financial managers or MSME actors.