Analysis of Financial Performance Before and After Implementation of Financial Management of the Public Service Agency (PK-BLU) at the Tegal Fisheries Training and Extension Center (BPPP)

Abstract

This study aims to determine the difference between the financial performance of the Tegal Fisheries Training and Extension Center (BPPP) before and after the implementation of the Financial Management of the Public Service Agency (PK-BLU) using the financial ratio indicator approach by PER-21/PB/2015, Value For Money (VFM) and Balanced Scorecard (BSC). This study is a comparative research with a quantitative approach. The data in this study uses secondary data obtained from the Annual Financial Report of BPPP Tegal and the Performance Report of BPPP Tegal before PK-BLU in 2020-2021 and after PK-BLU in 2022-2023. The data analysis method used the Wilcoxon Signed Rank Test with a significance value (alpha) of 0.05. The test results showed that there was a difference in financial performance using the PER-21/PB/2015 approach with a significance value of (0.001) ≤ α (0.05), there was no difference in financial performance using the Value For Money (VFM) approach with a significance value of (0.674) > α (0.05), and there was no difference in financial performance using the Balanced Scorecard (BSC) approach with a significance value of (0.833) > α (0.05). This study shows that BPPP Tegal's financial performance has improved after implementing PK-BLU. This can be seen from the increase in financial ratios after PK-BLU which can be interpreted as betterfinancial management.