Financial Management System in Open and Distance Learning: An Example at Universitas Terbuka

Abstract

Financial management in open and distance learning (ODL) institutions plays a central role. It is not only because it will help decision makers to choose alternative methods and media for ODL, but in some cases, it is also about the accountability of political decisions. In countries such as Indonesia, the choice of ODL method is very much political as well as educational. ODL is expected to solve social problems of access and equality to high quality education.