scholarly journals Audit, Accounting, and Finance Training for Management Trainees of PT HSBC Jakarta

2021 ◽  
Vol 2 (2) ◽  
pp. 89-100
Author(s):  
Wiwiek Mardawiyah Daryanto
Keyword(s):  
Decision Making ◽  
Case Studies ◽  
Positive Feedback ◽  
Accounting Information ◽  
Information Service ◽  
Financial Statements ◽  
Financial Reports ◽  
New Employees ◽  
Related Discipline ◽  
Foreign Universities

Accounting is an information service related to all of the activities in the organization, such as operating activities, financing activities, and investing activities. And in all of the activities the emphasis is on using accounting information in the process of making decisions based on financial reports. The financial reports are the result of the accounting process. One related discipline is auditing, which can be defined as the process of examining and evaluating a company's financial statements through an independent auditor. In addition, accounting is used to support the management for internal decision making, or called management accounting. To understand the importance of accounting, Sekolah Bisnis dan Manajemen – Institut Teknologi Bandung (SBM-ITB) in collaboration with PT HSBC, Jakarta, Indonesia conducted General Banking Training on March 22-26, 2021. The training consists of nine (9) topics, including Auditing, Accounting and Finance and is held on March 23, 2021. The speakers of the training are several academicians, including the author. The method used in the training is online lecturing and discussion combined with case studies. We also conducted pre and post-tests to ensure the result of the training. The participants are seven (7) new employees of PT HSBC recruited from various domestic and foreign universities. The results of the training showed that the participants improved their understanding on the importance and the use of accounting information based on pre and posttests. In addition, it showed an increase in value of 54% in the posttest. Further, the participants are satisfied and provide positive feedback of 4.14 out of 5. After observing the process, we consider that the training ran smoothly and effectively due to high interest and enthusiasm of the participants.

scholarly journals Significance of risk assessment metric in audit of financial statements and reports

2009 ◽  
pp. 215-225
Author(s):  
Vilmos Wágner
Keyword(s):  
Risk Assessment ◽  
Decision Making ◽  
Decision Support ◽  
Risk Analysis ◽  
Accounting Information ◽  
Financial Statements ◽  
Financial Accounting ◽  
Monitoring Systems ◽  
Financial Reports ◽  
Source Of Information

Management and decision-support of today’s businesses require design and application of management reports based and high-end controlling systems. One of the main source of information for controlling systems is financial accounting that should be designed to support planning, controlling and monitoring systems. Financial and accounting information is essential for decision making support of organizations. Thereforeeligible assurance is needed that these information are true and fair. Internal and external financial audits as assurance qualifiers are linking to the controlling systems through assurance. Weaknesses of and threats to controlling systems shall be recovered and communicated to the management during qualifying process. Recovering of threats should be based on risk analysis, assessment. In this study I would like to present some methods and tools of risk assessment of financial reports, statements and a way on they can be further developed.

scholarly journals Cost with time can yield reliable and relevant financial accounting information

2004 ◽  
Vol 2 (1) ◽  
pp. 60-72 ◽  
Author(s):  
Eno L. Inanga ◽  
Bruce Schneider
Keyword(s):  
Decision Making ◽  
Accounting Information ◽  
Financial Statements ◽  
Financial Accounting ◽  
Corporate Accountability ◽  
Accounting Data ◽  
Historical Cost ◽  
Lead Users ◽  
Accounting Reports ◽  
Nominal Amount

It is generally accepted that one of the key financial accounting problems of the day is how to make financial accounting reports, as tools for corporate accountability and stewardship reporting, both reliable and relevant. Practitioners, rule makers, and academics are struggling with this dilemma that is inherent in historical cost financial statements. This paper suggests that historical cost, transactions- based accounting data is nominally reliable, which is an attribute of relevance, but it can be made timelessly relevant, if data about the precise date and time the nominal amount of the transaction was measured are made available to users. Furthermore, the presumption those company-related accountants and the auditors need to prepare a set of financial statements that they need to make relevant to an unknown set of users, should be abandoned. The valuation algorithm, the processes for making historical cost data relevant to situation-specific decision-making, are the prerogative and, most importantly, the responsibility of the users based on their perceptions of the dynamic, quantum world and their unique needs. The paper develops the logical reasons for the positions taken. It also argues that US-GAAP and the resulting financial statements may lead users of accounting information to allege that the financial statements are fraudulent. It is well-recognized by accountants and users that time, the details of which are currently under-reported, is a material fact related to the significance and usefulness of accounting information. Thus, the omission of facts about when the measurements were made, known to be important to understanding the reported information, may be the basis for the allegation of fraud.

scholarly journals The Effect of Accounting Information System and Internal Control System on the Quality of Financial Reports at PT Semen Baturaja (Persero) Tbk.

2021 ◽  
Vol 2 (3) ◽  
pp. 48-59
Author(s):  
Ciko Arfismanda ◽  
Maulan Irwadi ◽  
R.M. Rum Hendarmin
Keyword(s):  
Information System ◽  
Control System ◽  
Internal Control ◽  
Accounting Information ◽  
Financial Statements ◽  
Financial Reports ◽  
Accounting Information System ◽  
Internal Control System ◽  
System Variables

This study aims to analyze partially and simultaneously the effect of accounting information systems and internal control systems on the quality of financial reports at PT. Semen Baturaja (Persero) Tbk. The data used came from observation and questionnaires to 60 respondents. This research method uses a quantitative approach using multiple linear regression. The results of the study partially show that both accounting information and internal control system variables have a significant positive effect on the quality of financial statements. The results of the study using the coefficient of determination (R2) obtained a value of 0.464. This shows that the large contribution of the accounting information system and internal control system variables can explain the quality of financial statements by 46.4%, the remaining 53.6% can be explained by other variables not included in this study.

scholarly journals Pengaruh Kinerja Keuangan Terhadap Return Saham (Studi Pada Emiten Saham Syariah Sektor Manufaktur Yang Terdaftar di Indeks Saham Syariah Indonesia Tahun 2011-2012)

2015 ◽  
Vol 1 (7) ◽  
pp. 518
Author(s):  
Rizkary Roslianti ◽  
Leo Herlambang
Keyword(s):  
Decision Making ◽  
Stock Return ◽  
Secondary Data ◽  
Financial Statements ◽  
The Other ◽  
Decision Making Process ◽  
Return On Assets ◽  
Financial Reports ◽  
Significance Level ◽  
Equity Ratio

Islamic stocks is one of the most preffered investment type by Muslim investors. In the decision making process, the investors have to considered the financial reports and stock analysis. This study aims to investigate the effect of fundamental factors that represented by Return on Assets, Debt to Equity Ratio and Total Assets Turnover toward stock return.This study used a quantitative approach using secondary data, they are financial statements and stock return companies listed on Indeks Saham Syariah Indonesia years 2011-2012. This study used a significance level of 5%.Based on the regression analysis results, it indicates that Return on Assets variable has a very significant effect on the stock return. On the other hand, Debt to Equity Ratio variable and Total Assets Turnover variable do not have significant effect to the stock return. Simultaneously, Return on Assets, Debt to Equity Ratio and Total Assets Turnover have significant effect to stock return.

George Sorter’s Influence on Accounting Thought

2021 ◽  
Author(s):  
Robert Bloom
Keyword(s):  
Decision Making ◽  
Accounting Information ◽  
Relevant Information ◽  
Management Decision ◽  
User Perception ◽  
Financial Reports ◽  
Vast Array ◽  
Long Run ◽  
Management Decision Making ◽  
Research Director

An innovative accounting theorist and educator, Sorter was concerned about how accounting information could be used in financial and management decision making. He formulated an events approach to accounting that called for providing a vast array of presumably relevant information to users of financial reports to allow them as individuals to select whichever data they deemed suitable to make their own  long run forecasts and their own financial and management decisions. He emphasized that valuation of the firm is a subjective endeavor, a matter of individual user perception.  He served as the research director of the AICPA’s Trueblood Report (1973), which laid the foundation for the FASB’s Conceptual Framework.

scholarly journals Accounting Information in a Business Decision-Making Process – Evidence from Croatia

2015 ◽  
Vol 18 (1) ◽  
pp. 61-79 ◽  
Author(s):  
Ana Ježovita
Keyword(s):  
Decision Making ◽  
Empirical Research ◽  
Accounting Information ◽  
Financial Statements ◽  
Decision Making Process ◽  
Business Decision ◽  
Accounting Data ◽  
Financial Position ◽  
Business Efficiency

Abstract The objective of the conducted research includes examining importance of financial statements and financial statements analysis in business decision-making process. Conducted empirical research is focused on analysis of determining and evaluating the frequency of using accounting data and annual financial statements within the business decision-making process. According to obtained results, it can be concluded that more than 60% of examines frequently use accounting information and information available from annual financial statements within business decision-making process, and that they are familiar with methods of using technics of financial statements analysis for purposes of evaluating financial position and business efficiency.

scholarly journals The Effect of Good Corporate Governance and Accounting Information Systems on the Quality of Financial Statements

2021 ◽  
Vol 5 (1) ◽  
pp. 168-174
Author(s):  
Zahra Harlianti Sujana
Keyword(s):  
Corporate Governance ◽  
Information Systems ◽  
Linear Regression Analysis ◽  
Accounting Information ◽  
Sampling Technique ◽  
Financial Statements ◽  
Financial Reports ◽  
Accounting Information Systems ◽  
Good Corporate Governance

This study aims to determine how the influence of good corporate governance and accounting information systems on the quality of financial reports at PT Pos Indonesia (Persero) Bandung City. The factors tested in this study are good corporate governance and accounting information systems as independent variables. Meanwhile, the quality of financial reports is the dependent variable. The research method used in this research is the verification method. The population in this study were employees of the finance department at PT.Pos Indonesia (Persero) Bandung. The sampling technique used in this study is a non-probability sampling technique with a saturated sampling method, so that the sample in this study was 34 employees. The analytical method used in this study is multiple linear regression analysis using the Statistical Package for Social Sciences (SPSS) Ver.23.00. The results of research partially and simultaneously show that good corporate governance and accounting information systems affect the quality of financial reports at PT Pos Indonesia (Persero) Bandung City. In addition, the magnitude of the influence of good corporate governance and accounting information systems in contributing to the influence of the quality of financial reports is 55.3%. Keywords: Good Corporate Governance, Accounting Information Systems, and Quality of Financial Statements.

scholarly journals Decision Usefulness Approach Of Accounting Information: Bagaimana Informasi Akuntansi Menjadi Useful ?

2010 ◽  
Vol 2 (1) ◽  
pp. 92
Author(s):  
Zarah Puspitaningtyas
Keyword(s):  
Expected Utility ◽  
Accounting Information ◽  
Financial Statements ◽  
Relevant Information ◽  
Decision Makers ◽  
Individual Decision ◽  
Financial Reports ◽  
Decision Usefulness ◽  
Selection Of

AbstractApplication of decision usefulness approach to produce accounting information that is relevant and reliable. Relevant information, that has the capacity to affect the confidence of investors about future returns, and should be released in a timely manner.The concept of decision usefulness of accounting information plays an important role in identifying problems for users of financial reports and selection of accounting information that users of financial statements to make the best decision. To apply the concept of decision usefulness is necessary linkages with the various theories in economics and finance. Decision usefulness approach assumes that individual decision makers are rational, that is individuals who will choose the action that will yield the highest expected utility.

scholarly journals PELATIHAN LAPORAN KEUANGAN SYARIAH BAGI ENTREPRENEUR MUDA DI MAKASSAR

Al-Khidmat ◽  
2019 ◽  
Vol 2 (2) ◽  
pp. 1-4
Author(s):  
Asbi Amin ◽  
Niken Probondani Astuti
Keyword(s):  
Decision Making ◽  
Young People ◽  
Financial Statements ◽  
Business Owners ◽  
Financial Reports ◽  
Counseling Training ◽  
Final Goal ◽  
Young Entrepreneurs

Training on sharia financial statements for young entrepreneurs in Makassar aims to train young people who already have business in preparing and subsequently making sharia financial reports. Islamic financial statements are needed for decision making for the business owners themselves and outside parties.The method of implementation is carried out by conducting counseling, training sharia financial reports and mentoring. The final goal of this service is for young entrepreneurs to be able to understand and take notes on Islamic financial statements.

scholarly journals Analisis Penerapan Akuntansi dan Penggunaan Informasi Akuntansi Pada UMKM

2021 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Fibaroina Nida Fatkhiyah ◽  
Rahman El Junusi ◽  
Nurudin Nurudin ◽  
Faris Shalahuddin Zakiy
Keyword(s):  
Accounting Information ◽  
Financial Statements ◽  
Cash Flows ◽  
Financial Reports ◽  
Descriptive Case Study ◽  
Study Approach ◽  
Operational Information ◽  
Qualitative Descriptive ◽  
Accounting Recognition

The purpose of this study is to determine the extent to which accounting records are applied and the use of accounting information for MSMEs. The research method used is a qualitative descriptive case study approach. The object of this study took 10 MSMEs registered in the financing of Bank BRI Syariah KCP Semarang. Collecting data from this study using interview methods, questionnaires, and documentation. The data obtained were triangulated and analyzed. The results of this study, that the application of accounting records and the use of accounting information on MSMEs registered in the financing of Bank BRI Syariah KCP Semarang has been implemented even though it is still simple in nature. MSMEs have made accounting recognition such as assets, liabilities, equity, income, and cost of goods and expenses. Financial reports are made in the form of cash flows and notes to financial statements. MSMEs have also used accounting information in the form of operational information, management information, and financial information to make decisions.

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