RELEVANSI NILAI REVALUASI ASET TETAP DENGAN TINGKAT UTANG SEBAGAI VARIABEL MODERASI

This study aims to analyze the value relevance of fixed asset revaluation and whether debt levels moderate value relevance of fixed asset revaluation. Signaling theory states that the company revalues its assets with the aim to provide credible signals about favorable future prospects; whereas debt contracting theory suggests that firms with high debt levels have opportunistic motives in doing the revaluation of fixed. This study uses 54 data of nonfinancial companies listed on the Indonesian Stock Exchange and have revalued its fixed assets in the period 2012-2015. The results shows that the revaluation of fixed asset has a value relevance, and leverage moderates this value relevance. Companies are trying to show the fair value of assets and an overview of the actual company's financial condition by revaluing their assets. However, when the company revalued its assets and has a fairly high leverage, investor respons negatively on revaluation conducted. Investors perceive that it is an opportunistic motives of managers to avoid the costs arising from the loan agreement.

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RELEVANSI NILAI REVALUASI ASET TETAP DENGAN TINGKAT UTANG SEBAGAI VARIABEL MODERASI

JURNAL AKUNTANSI DAN AUDITING ◽

10.14710/jaa.14.1.1-21 ◽

2018 ◽

Vol 14 (1) ◽

pp. 1

Author(s):

Fransisca Ayudya Aryani ◽

Agung Juliarto

Keyword(s):

Value Relevance ◽

Stock Exchange ◽

Fair Value ◽

Future Prospects ◽

Fixed Asset ◽

Debt Contracting ◽

Financial Condition ◽

A Value ◽

Fixed Assets ◽

Debt Levels

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The Effect of Leverage, Size, Liquidity, Operating Cash Flow on Fixed Asset Revaluation

The Indonesian Accounting Review ◽

10.14414/tiar.v7i1.816 ◽

2017 ◽

Vol 7 (1) ◽

pp. 31

Author(s):

Dian Firmansyah ◽

Nurmala Ahmar ◽

JMV Mulyadi

Keyword(s):

Cash Flow ◽

Stock Exchange ◽

Audit Fees ◽

Fair Value ◽

Cash Flows ◽

Fixed Asset ◽

Operating Cash Flows ◽

Fixed Assets ◽

Asean Countries ◽

Tax Payments

This study tries to prove empirically the effect of leverage, size, liquidity and operating cash flows on the revaluation of fixed assets. It used a sample of all non-financial companies, which revalued assets in the periode of 2012-2015, at companies listed on Indonesia Stock Exchange with upward revaluation category. The analysis was done using Path analysis (PLS) without requiring classical assumption and normality test. The results show that leverage affects Asset revaluation, it proves that high leverage because the company to do revaluation of fixed assets, large companies tend to want to display earnings reports that are not too large to reduce their political costs, with asset revaluation, the value of depreciation is calculated Repeated and reduce the company's profit. Operating cash flows affect the revaluation of fixed assets on the grounds that the company requires funds to pay its obligations as well as in revaluation assets cost a great deal for the appraisal services, audit fees and final tax payments. Yet, liquidity has no effect on the revaluation of fixed assets, Within the last 4 years, the study found that users of the Asset revaluation model reporting in Other Comprehensive Income continue to grow and are expected to become financial statements that have superiority and good quality by reporting fair value. In the next research to add the number of variables on Asset revaluation, as well as expand the sample by involving the company revaluation and non revaluation. In addition, to examine the development of asset revaluation, especially in ASEAN countries related to the adoption of IFRS in the case of fixed asset revaluation.Keyword: Leverage, Size, Liquidity, Cash Flow from operation, and Revaluations Assets.

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Motives for Reporting Fixed Assets at Revalued Amount: Evidence from a Developing Economy

Global Business Review ◽

10.1177/0972150917735918 ◽

2018 ◽

Vol 19 (3) ◽

pp. 604-622 ◽

Cited By ~ 4

Author(s):

Habeeb Mohamed Nijam

Keyword(s):

Value Relevance ◽

Stock Exchange ◽

Fair Value ◽

Manufacturing Firms ◽

Future Research ◽

Financial Analyst ◽

Return On Equity ◽

Historical Cost ◽

Fixed Assets ◽

First Time

The purpose of this study is to examine firms’ motives for reporting fixed assets at revalued amount. The study analysed 30 manufacturing firms listed in Colombo Stock Exchange (CSE) for a period of two years from 2012 to 2013, employing Mann–Whitney U test and bivariate and multivariate logistic regression. It is found that manufacturing firms tend to report their property, plant and equipment (PP&E) at revalued amount, when land and building dominates their fixed assets, and firms whose PP&E is dominated by plant and machinery are inclined towards reporting fixed assets at historical cost. However, all such other factors investigated as firm size, carrying amount of PP&E ( ppe), intensity of PP&E ( ippe), returns on total assets ( roa) and return on equity ( roe) fail to explain the accounting choice between cost and revaluation models. The probability for a revaluation to occur, on the other hand, is found to be significantly and positively associated to financial leverage, indicating that highly levered manufacturing firms tend to revalue their assets, may be with the expectation of creating possibilities for additional borrowing. Further, no other variables investigated associate with the probability for a revaluation to occur, though prior researches support such association. Findings reveal that fixed assets revaluation motives may be characterized by the nature of fixed assets and their market dynamics characterized by the nature of economy in which firms operate. Findings also suggest that fair value accounting is relevant to manufacturers with high levels of land and building within their asset structure. Fixed assets revaluation motives may differ across countries which should accordingly be valued by financial analyst and investors. Future research should focus on value relevance of revaluation decision of firms in developing countries. Revaluation decisions should be analysed as first-time revaluation and frequency of subsequent revaluations. This is the first study in Sri Lanka reporting the evidence for fixed asset revaluation motives.

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Fair Value Accounting for Financial Assets. A Value Relevance Study in an Emerging Economy

Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration ◽

10.46585/sp28021065 ◽

2020 ◽

Vol 28 (2) ◽

Author(s):

Maria-Ionela Damian ◽

Carmen-Giorgiana Bonaci ◽

Jiri Strouhal

Keyword(s):

Value Relevance ◽

Fair Value ◽

Emerging Economy ◽

Financial Assets ◽

Fair Value Accounting ◽

A Value

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Pengaruh Leverage, Intensitas Persediaan, Aset Tetap, Ukuran Perusahaan, Komisaris Independen Terhadap Agresivitas Pajak

JAE (JURNAL AKUNTANSI DAN EKONOMI) ◽

10.29407/jae.v5i1.14141 ◽

2020 ◽

Vol 5 (1) ◽

pp. 69-76

Author(s):

Tutik Avrinia Wulansari ◽

Kartika Hendra Titisari ◽

Siti Nurlaela

Keyword(s):

Consumer Goods ◽

Stock Exchange ◽

Sampling Technique ◽

Negative Influence ◽

Company Size ◽

Fixed Asset ◽

Tax Aggressiveness ◽

Analysis Technique ◽

Fixed Assets ◽

Consumer Goods Industry

This study aims to determine the effect of leverage, inventory intensity, fixed asset intensity, company SIZE, and independent commissioners on tax aggressiveness. The population and sample in this study are consumer goods industry companies listed on the IDX for the 2015-2018 period. The sampling technique of this study was using purposive sampling technique. The number of samples in this study were 28 consumer goods industry companies listed on the Indonesia Stock Exchange in the 2015-2016 period. The data analysis technique used in this study is multiple linear regression. Based on the results of the analysis conducted shows that there is a negative influence of leverage, the intensity of fixed assets, company SIZE, and independent commissioners on tax aggressiveness. While the intensity of the inventory has no effect on tax aggressiveness.

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ACCOUNTING STANDARDS FOR FIXED ASSETS OF U.S. GAAP AND IFRS: COVID-19 PANDEMIC AND EARNINGS MANAGEMENT PERSPECTIVES

Berkala Akuntansi dan Keuangan Indonesia ◽

10.20473/baki.v6i1sp.27735 ◽

2021 ◽

Vol 6 (1SP) ◽

pp. 122

Author(s):

Andreas Vernando

Keyword(s):

Earnings Management ◽

Accounting Standards ◽

Fair Value ◽

Faithful Representation ◽

Fixed Asset ◽

Accounting Standard ◽

Asset Value ◽

Fixed Assets ◽

Value Measurement

FASB and IASB have differences in setting the accounting standard for fixed asset. The FASB does not allow firms to restore the asset value that has been written down, while the IASB allow companies to recover the asset values that has been written down. These differences have distinct implication to depict the COVID-19 pandemic phenomenon and prevent earnings management that will affect the qualitative characteristics of the faithful representation. Therefore, this study aims to analyze the fixed asset accounting standards of U.S. GAAP or IFRS which is more optimal to improve the faithful representation in the case of the COVID-19 pandemic and earnings management. Based on an analysis of the theory and literature review, this study conclude that the fixed assets accounting standard of IFRS is more optimal to represent the COVID-19 pandemic faithfully than that of U.S. GAAP. This is because IFRS allows for recovery of impairment losses. In addition, the fixed asset accounting standard of U.S. GAAP is more optimal than that of IFRS for preventing earnings management so as to improve the quality of faithful representation of the fixed asset value. This is because the fair value measurement for fixed assets involves estimation and subjectivity of the asset appraiser enhancing the possibility of earnings management.

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An Analysis Of Factors Impacting The Value-Relevance Of SFAS No. 107 Fair Value Disclosures

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v1i4.2995 ◽

2011 ◽

Vol 1 (4) ◽

Author(s):

Daniel R. Brickner

Keyword(s):

Value Relevance ◽

Fair Value ◽

Relative Magnitude ◽

Financial Statement ◽

Font Size ◽

Historical Cost ◽

Financial Condition ◽

The Difference

This study examines the impact of hypothesized factors on the value-relevance of SFAS No. 107 fair value disclosures.  These factors include firm size, the relative magnitude of the difference between the fair value and the historical cost measurements for each financial instrument, firm financial condition, and the quality of a firm’s financial statement audit.  A pooled valuation model is employed on the sample of 867 firm years for banks and bank holding companies during the period of 1996 and 1997.   The results indicate that the SFAS No. 107 fair value disclosures for investment securities, net loans, and long-term debt are value-relevant in explaining the market value of common equity for the sample banks.  With respect to the hypothesized factors, firm size was found to have a statistically significant impact on the value-relevance of the disclosures for net loans and long-term debt.  Additionally, the relative magnitude of the difference between the fair value and historical cost had a statistically significant effect on the value-relevance of the disclosure for investment securities and long-term debt.  Finally, firm financial condition and the quality of a firm’s audit were found to have a statistically significant impact on the fair value disclosure for net loans.  The results of this study are descriptive of the behavior of financial statement users with respect to these fair value disclosures.  The implications of this study’s findings are useful for both accounting standard-setters and preparers of financial statements.  Taken together, these findings suggest that the market does not respond to the SFAS No. 107 fair value disclosures at their face value alone or without considering their context.  Specifically, it appears to look to other factors that may impact the relevance and/or reliability of these disclosures.

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THE EFFECT OF HUMAN RESOURCES AND INFORMATION TECHNOLOGY ON THE REVALUATION OF GOVERNMENT FIXED ASSETS

Jurnal Tata Kelola & Akuntabilitas Keuangan Negara ◽

10.28986/jtaken.v6i2.469 ◽

2020 ◽

Vol 6 (2) ◽

pp. 129-142

Author(s):

Indra Indra

Keyword(s):

Information Technology ◽

Human Resources ◽

Central Government ◽

Financial Statements ◽

Fair Value ◽

Fiscal Year ◽

Fixed Asset ◽

Measurement Models ◽

Fixed Assets ◽

Two Factors

The central government has implemented a government fixed asset revaluation policy. The main objective of the policy is to present the fair value of fixed assets in the government's financial statements. However, the results of fixed asset revaluation are not accepted by the BPK and must be corrected and recorded in the government financial statements for the 2019 fiscal year. Competent human resources and the use of information technology are considered two factors needed to achieve the revaluation objectives. This study was conducted to determine the level of significance of these two factors by distributing questionnaires to BMN officers and assessors from 82 ministries/agencies throughout Indonesia. The research data were processed by path analysis method using the Structural Equation Model (SEM) partial least squares (PLS) through Smart PLS 3.3.2 software used to assess measurement models and research structural models. The results of data processing concluded that the competence of human resources and information technology has a significant effect on the revaluation of government fixed assets. However, information technology needs to be improved again because the significance value is only half that of the human resources competency value.

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ANALISIS KARAKTERISTIK PERUSAHAAN, INTENSITAS ASET TETAP DAN KONSERVATISME AKUNTANSI TERHADAP TAX AVOIDANCE

EkoPreneur ◽

10.32493/ekop.v1i2.5291 ◽

2020 ◽

Vol 1 (2) ◽

pp. 245

Author(s):

Avita Nia Ningsih ◽

Wiwit Irawati ◽

Harry Barli ◽

Angga Hidayat

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Sampling Method ◽

Stock Exchange ◽

Tax Avoidance ◽

Accounting Conservatism ◽

Fixed Asset ◽

Independent Variables ◽

Mining Companies ◽

Fixed Assets

This study aims to obtain empirical evidence about the influence of Company Characteristics, Intensity of Fixed Assets and Accounting Conservatism on Tax Avoidance. The independent variables used are Company Characteristics, Intensity of Fixed Assets and Accounting Conservatism. The dependent variable used is Tax Avoidance. The population in this study is mining companies listed on the Indonesia Stock Exchange in the 2014-2018 period. Samples collected by purposive sampling method. The number of companies sampled in this study were 13 companies. The method of analysis of this study uses multiple linear regression. The results of research conducted indicate that the variable Company Characteristics influence on Tax Avoidance, Fixed Asset Intensity has no effect on Tax Avoidance and Accounting Conservatism has no effect on Tax Avoidance. Simultaneously all free variables (Characteristics of Company, Fixed Asset Intensity and Accounting Conservatism) affect the Tax Avoidance.Keywords: Company Characteristics; Fixed Assets Intensity; Conservatism Accounting; Tax Avoidance.

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Faktor-faktor yang Mempengaruhi Keputusan Merevaluasi Aset Tetap

Jurnal Ilmiah Akuntansi Kesatuan ◽

10.37641/jiakes.v9i2.569 ◽

2021 ◽

Vol 9 (2) ◽

pp. 245-254

Author(s):

Jefriyanto Jefriyanto

Keyword(s):

Logistic Regression ◽

Firm Size ◽

Stock Exchange ◽

Sampling Technique ◽

Large Percentage ◽

Fixed Asset ◽

Purposive Sampling ◽

Units Of Analysis ◽

Fixed Assets ◽

Positive Effect

This study aims to determine the effect of leverage, liquidity, fixed asset intensity, and size of the company against the decision to revaluate fixed assets. The research was conducted at a manufacturing company listed on the Indonesia Stock Exchange in 2012 until 2016 as many as 550 units of analysis and the sample is collected by using purposive sampling technique which the samples were chosen selectively. By using logistic regression, the result of this research is fixed asset intensity and firm size have positive effect to revaluation decision. Liquidity and leverage have no effect on the decision to revalue fixed assets. The conclusions of this study are companies that have high fixed assets and companies with a large percentage of sales are more likely to revalue fixed assets.

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