Indian Journal of Science and Technology
DOI: 10.17485/ijst/2018/v11i45/132150
Year: 2018, Volume: 11, Issue: 45, Pages: 1-6
Original Article
Linda Roys Larios1 , Danny Daniel Lopez Juvinao2* and Carlos Alberto Socarras Bertiz2
1 BLR, Inversiones, Cienaga, Magdalena, Colombia; [email protected]
2 IPAITUG, Universidad de La Guajira, Riohacha, Colombia; [email protected], [email protected]
*Author for correspondence
Danny Daniel Lopez Juvinao,
IPAITUG, Universidad de La Guajira, Riohacha, Colombia; [email protected]
Objective: To analyze the local government’s financial administration of the Maicao and Riohacha Municipalities, Colombia. Materials and Methods: The research is centered on the descriptive studies, the design is non-experimental, transectional and field. The population consisted of ten subjects from Maicao and Riohacha Municipalities (Colombia), as a data collection instrument a questionnaire with 42 items was designed and the reliability through the Alpha Cronbach coefficient was 0.72. Findings: In the Maicao and Riohacha Municipalities (Colombia), the set of systems that make up the financial administration (budgetary, public accounting, treasury, internal control) are fulfilled, carrying out the rules and procedures that intervene in them. Implementation/Improvements: In the Municipalities of Maicao and Riohacha (Colombia) the budget phases are systematically executed, complying with the legal provisions regarding the planning, formulation, elaboration, execution, control and budgetary evaluation.
Keywords: Budget, Financial Administration, Internal Control, Local Governments, Public Accounting, Treasury
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