| Summary: | ABSTRACT
The fundamental changes related to financial aspect must be done by Gadjah Mada University since the appointment of GMU as self-governing legal entity (Badan Hukum Mil& Negara) through Government Regulation Number 153/2000. This appointment will become a big task for GMU since there is a different amount (saIdo minus) between income and outcome of the GMU funds. Managerial ability, efficient of using assets, and control mechanism are important factors which need more attention from the management while trying to change the policy in order to make both efficient and effective financial reporting.
This research is aimed to analyze the effectivity of financial management policy at GMU related to their new law status. The interaction among the factor of managerial ability, the efficiency of using assets, and the control mechanism puts GMU to take some actions to fix the incentive system, reporting system, responsibility system
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