The high Grade Point Average (GPA) would not guarantee someone to be a financial managers in a company led by Dahlan Iskan. This statement was conveyed by Dahlan Iskan while delivering a public lecture “Enhance the Spirit of Creative and Innovative Young Entrepreneurs in Facing Global Challenges” organized by Accounting Master’s Program, Faculty of Economics and Business, Gadjah Mada University on Thursday, February 15, 2018 in Kertanegara Room, FEB UGM.
1999 was the beginning of a new era of regional autonomy marked by the enactment of Law Number 22 Year 1999 on Regional Government. Central Government decentralized some authorities to local governments. It results the rights and obligations of local governments to regulate and manage their own households. The decentralization followed by transfer of authority in field of financial management. Local governments have the right to design their own policies in order to achieve state objectives, including policies in financial management. Local governments come to have their own programs and activities in accordance with the conditions of their respective regions. Different programs and activities from each region caused differences in budget allocations. This situation raises the variability of financial condition of each local government. On the other hand, in managing their finances local governments have to obey the regulation, to realize efficient, economical, transparent and accountable financial management..