scholarly journals ANALISIS KEBIJAKAN PERUSAHAAN MELAKUKAN REVALUASI ASET TETAP

2021 ◽  
Vol 8 (2) ◽  
pp. 47-65
Author(s):  
Achmad Tjahjono
Keyword(s):  
Cash Flow ◽  
Fair Value ◽  
Company Size ◽  
Fixed Asset ◽  
Financial Reports ◽  
True Value ◽  
Asset Value ◽  
Fixed Assets ◽  
Operating Cash Flow ◽  
Company Growth

Fixed asset recognition is one of the main problems in fixed asset accounting. The use of cost does not reflect the true value of the asset so that the asset value is irrelevant. The IFRS convergence PSAK allows the use of the fair value (revaluation method) of fixed assets to reflect the current price so that the asset value becomes higher. Thus financial reports will provide more relevant information to users of financial statements to be used as a basis for decision making. This study aims to determine the effect of leverage, liquidity, company size, decrease in operating cash flow, fixed asset intensity, company growth on company policies to revaluate fixed assets in banking companies listed on the Indonesia Stock Exchange in 2015-2019. The populations of this study was taken using purposive sampling method with a total of 42 companies. The data used are secondary data in the form of annual financial reports and analyzed using logistic regression analysis techniques with a significance level of 5%. The results of this study are leverage, liquidity, and a partial decrease in operating cash flow have a positive and insignificant effect on fixed asset revaluation. Company size, fixed asset intensity, and company growth partially have a positive and significant effect on fixed asset revaluation. Taken together, the variables have a significant effect and are able to explain the variability to the dependent variable by 33,4%.

scholarly journals Pengaruh Leverage, Arus kas Operasi, Ukuran Perusahaan dan Fixed Asset Intensity terhadap Keputusan Revaluasi Aset tetap (Studi Empiris pada Bank Umum yang Terdaftar di BEI Periode 2012 s.d. 2016)

2018 ◽  
Vol 5 (2) ◽  
pp. 129-142
Author(s):  
Sudrajat Sudradjat ◽  
Nurmala Ahmar ◽  
JMV Mulyadi
Keyword(s):  
Commercial Bank ◽  
Cash Flow ◽  
Financial Reporting ◽  
Firm Size ◽  
Commercial Banks ◽  
Financial Statements ◽  
Fair Value ◽  
Fixed Asset ◽  
Fixed Assets ◽  
Operating Cash Flow

Implementation of financial statement preparation for public companies in Indonesia has shifted from Generally Accepted Accounting Principles (GAAP) to the International Financial Reporting Standards (IFRS) starting in 2012. GAAP practices emphasize to users to find the best terms for a transaction, while IFRS emphasizes principles of fair value in the presentation of financial statements. The Financial Position Report which has adopted IFRS requires that the fixed assets be presented at fair value, so that the financial statements presented to external parties reflect the current value of fixed assets owned by the company. This study aims to investigate the effect of leverage, operating cash flow, firm size and fixed asset intensity to the decision of commercial banks to conduct a revaluation. Commercial Bank that became the object of research is a commercial bank listed on the BEI with observation period starting in 2012 - 2016. Independent variable are leverage, operating cash flow, firm size and fixed asset intensity. Testing on the research model using Hosmer & Lemeshow Test, Omnibus, Nagelker R Square. While testing the hypothesis using Logistic Regression Test. The results of the analysis in hypotesis testing showed that leverage, firm size and fixed asset intensity significantly influence the decision of commercial banks to conduct a revaluation. While operating cash flow has no effect on the decision of commercial banks to conduct a revaluation.

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

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.

scholarly journals Leverage, Arus Kas Operasi, Ukuran Perusahaan, Intensitas Aset Tetap dan Revaluasi Aset Tetap

2021 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Resti Yulistia M ◽  
Nurul Dwi Septiyani ◽  
Arie Frinola Minovia ◽  
Yunilma Yunilma
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Cost Model ◽  
Fixed Asset ◽  
Asymmetry Information ◽  
Fixed Assets ◽  
Political Cost ◽  
Negative Effect ◽  
Size Firm ◽  
Operating Cash Flow

Since Indonesian accounting standards allow companies to choose between cost model and revaluation model on their fixed asset, there are still few companies that revalued their assets. This study examines what factors make banking companies choose to revaluate fixed asset, that are contracting factors (leverage, operating cash flow), political factors (firm size) and asymmetry information (intensity of fixed assets). By using logistic regression, the result of this study showed that firm size and fixed asset intensity had a positive effect on the company choice to revaluate fixed assets, while leverage had a negative effect on fixed asset revaluation. This study support early research with regard to contracting, political cost and asymmetry information. This study failed to find the effect of operating cash flow on fixed asset revaluation. Based on the results of this study, banks should consider leverage, company size and the intensity of fixed assets more than cash flow when choosing to revaluate fixed assets. Keywords: Leverage; Operating Cash Flow; Size Firm; Fixed Asset Intensity; Fixed Asset Revaluation

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

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.

scholarly journals The Influence of Company Size, Company Growth, Price to Book Value, Investment Opportunity Set, and Operating Cash Flow Againts Price Earnings Ratio in Food and Beverage Sub Sector Manufacturing Companies Listed In BEI from 2015 To 2017

2021 ◽  
Vol 4 (2) ◽  
pp. 1882-1893
Author(s):  
Andini Nurwulandari
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Company Size ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Book Value ◽  
Investment Opportunity Set ◽  
Food And Beverage ◽  
Operating Cash Flow ◽  
Company Growth

This study aims to see how the Price Earning Ratio is affected by company size, growth, price to book value, investment opportunity set, and operating cash flow. The authors used panel data regression to analyze data from 2015 to 2017, 13 food and beverage firms were listed on the Indonesia Stock Exchange. According to the data that have been collected, company size, company growth, and price to book value all have a positive and significant effect on the Price Earning Ratio. Meanwhile, the Investment Opportunity Set and Operating Cash Flow have no impact on the Price Earning Ratio.

scholarly journals Analisis Faktor-Faktor Yang Mempengaruhi Revaluasi Aset Tetap Dengan Pertumbuhan Perusahaan Sebagai Variabel Moderating (Study Pada Perusahaan Manufaktur Yang Terdaftar Di BEI)

JEMAP ◽  
2020 ◽  
Vol 3 (2) ◽  
pp. 266
Author(s):  
Ngatoah Niswah Baroroh
Keyword(s):  
Firm Size ◽  
Firm Growth ◽  
Company Size ◽  
Manufacturing Companies ◽  
Fixed Asset ◽  
Purposive Sampling ◽  
Fixed Assets ◽  
Company Growth ◽  
The Relationship ◽  
Positive Effect

Penelitian ini bertujuan untuk menguji pengaruh leverage, ukuran perusahaan, intensitas aset tetap serta likuiditas terhadap revaluasi aset tetap dengan pertumbuhan perusahaan sebagai variabel moderating. Populasi dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di BEI tahun 2014-2018. Penelitian ini menggunakan metode purposive sampling dan diperoleh sampel sebanyak 76 perusahaan sampel. Penelitian ini menggunakan Teknik analisis regresi moderasi menggunakan software IBM SPSS 21. Hasil penelitian ini menunjukkan bahwa leverage likuiditas tidak berpengaruh terhadap revaluasi, sedangkan ukuran perusahaan dan intensitas aset tetap berpengaruh positif terhadap keputusan revaluasi aset tetap. Variabel pertumbuhan perusahaan terbukti tidak berpengaruh dalam momedarasi hubungan antara leverage, ukuran perusahaan, dan likuiditas namun terbukti memoderasi hubungan antara intensitas aset tetap terhadap keputusan revaluasi aset tetap. Simpulan dari penelitian ini adalah leverage dan likuiditas tidak berpengaruh terhadap revaluasi sedangkan ukuran perusahaan dan intensitas aset tetap berpengaruh terhadap keputusan revaluasi. Pertumbuhan perusahaan tidak terbukti memoderasi pengaruh leverage, ukuran perusahaan, serta likuiditas terhadap revaluasi aset namun terbukti memoderasi pengaruh intensitas aset tetap terhadap revaluasi aset tetap.Kata Kunci : Leverage, Ukuran Perusahaan, Intensitas Aset Tetap, Likuiditas, Revaluasi Aset Tetap, Pertumbuhan Perusahaan. AbstractThis study aims to examine the effect of leverage, company size, intensity of fixed assets and liquidity on fixed asset revaluation with company growth as a moderating variable. The population in this study are manufacturing companies listed on the IDX in 2014-2018. This study used a purposive sampling method and obtained a sample of 76 sample companies. This study uses moderated regression analysis using IBM SPSS 21 software. The results of this study indicate that liquidity leverage has no effect on revaluation, while firm size and fixed asset intensity have a positive effect on fixed asset revaluation decisions. The firm growth variable is proven to have no effect on the momentum of the relationship between leverage, firm size and liquidity, but it is proven to moderate the relationship between fixed asset intensity and fixed asset revaluation decisions. The conclusion of this study is that leverage and liquidity do not affect revaluation, while firm size and intensity of fixed assets have an effect on revaluation decisions. Company growth has not been shown to moderate the effect of leverage, company size, and liquidity on asset revaluation but has been shown to moderate the effect of fixed asset intensity on fixed asset revaluation.Keywords: Leverage, Company Size, Fixed Asset Intensity, Liquidity, Fixed Asset Revaluation, Company Growth.

scholarly journals Does the Company's Scale, Fixed Asset Intensity and Operating Cash Flow Affect Asset Revaluation?

2020 ◽  
Vol 18 (1) ◽  
pp. 1-13
Author(s):  
Rr. Tjahjaning Poerwati ◽  
Pancawati Hardiningsih ◽  
Caecilia Srimindarti ◽  
Retno Ika Sundari
Keyword(s):  
Cash Flow ◽  
Large Scale ◽  
Stock Exchange ◽  
Time Frame ◽  
Manufacturing Companies ◽  
Fixed Asset ◽  
Real Situation ◽  
Fixed Assets ◽  
Operating Cash Flow ◽  
Practical Implications

Fixed assets that are measured using cost may have lost their relevance because they do not reflect the real situation. This study aims to analyze the factors that influence the company to revaluate its fixed assets. The sample of this study consisted of 426 manufacturing companies listed on the Indonesia Stock Exchange in the 2015-2018 time frame. The research sample was selected by purposive sampling. Technical analysis of the study used logistic regression. The results of this study found that only fixed asset intensity and operating cash flow affect the revaluation of fixed assets and the scale of the company does not affect the decision of the revaluation of fixed assets. The implication of the results of the study shows that large-scale companies do not always revaluate fixed assets because they can cause taxes on revaluations that must be borne by the company. In addition, the practical implications also show that the Indonesian government must increase the number of licensed appraisers to compensate for the increasing number of companies adopting revaluation models.

Pengaruh Jumlah Dewan Komisaris, Leverage, Profitabilitas, Intensitas Modal, Cash Flow, Dan Ukuran Perusahaan Terhadap Konservatisme (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2017)

2019 ◽  
Vol 8 (1) ◽  
pp. 17-24
Author(s):  
Siti Suharni ◽  
Arini Wildaniyati ◽  
Dea Andreana
Keyword(s):  
Cash Flow ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Capital Intensity ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Company Size ◽  
Manufacturing Companies ◽  
Financial Reports

This study is aimed at examining the effects of the Number of Board of Commissioners, Leverage, Profitability, Capital Intensity, Cash Flow, and Company Size toward Conservatism in the manufacturing companies listed on the Indonesian Stock Exchange (IDX). The population used in this study is the yearly financial statements on firm of manufacturing listed at BEI period 2012-2017, using purposive sampling method. The type of data used is secondary data obtained from yerly financial reports published and downloaded through the official BEI website. Data analyzed with Descriptive statistics, test of classic assumption and exmination of hypothesis with multiple linier regression method. The result of hypothesis research shows variable Profitability and Cash Flow have a significant effect on the ability of Conservatism, while the Number of Board of Commissioners, Leverage, Capital Intensity, and Company Size has no effect on the ability of Conservatism.

scholarly journals PENGARUH LABA AKUNTANSI, ARUS KAS OPERASI DAN UKURAN PERUSAHAAN TERHADAP HARGA PENUTUPAN SAHAM MELALUI KEBIJAKAN DIVIDEN

2020 ◽  
Vol 3 (2) ◽  
pp. 87-119
Author(s):  
Saiful Muchlis ◽  
Febriani Setijawan
Keyword(s):  
Cash Flow ◽  
Indirect Effect ◽  
Consumer Goods ◽  
Stock Prices ◽  
Quantitative Methods ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Company Size ◽  
Operating Cash Flow ◽  
Consumer Goods Industry

This study aims to determine the effect of accounting profit, operating cash flow and company size on stock prices through dividend policy on consumer goods industry companies on the Indonesia Stock Exchange. This research uses quantitative methods and the type of explanatory research with 2016-2018 observation years in 17 company samples. The results show (1) accounting profit and operating cash flow have a positive and significant effect on dividend policy, while the size of the company has no influence on dividend policy. (2) accounting profit and operating cash flow do not have an effect on the closing prices, while the size of the company has a positive and significant effect on the closing prices. (3) dividend policy has a positive and significant effect on the closing prices. (4) there is no indirect effect of dividend policy in mediating accounting profit and operating cash flow on the closing prices, but there is an indirect effect of dividend policy in mediating company size on the closing prices.

scholarly journals Operating Cash Flow, Earning Response Coefficient, and Fixed Asset Revaluation: Study on Manufacturing Company

ETIKONOMI ◽  
2017 ◽  
Vol 16 (1) ◽  
pp. 93-102
Author(s):  
Andison Andison ◽  
Etty M Nasser
Keyword(s):  
Multiple Regression ◽  
Cash Flow ◽  
Abnormal Return ◽  
Fixed Asset ◽  
Response Coefficient ◽  
Manufacturing Company ◽  
Operating Cash Flow

The purpose of this study to determine the effect of operating cash flow to the abnormal return and the effect of operating cash flow to the abnormal return of companies that conduct the revaluation is higher than that of non revaluation which adopted SFAS No. 16 (2012). The analysis used in this study are multiple regression, for the period 2012-2015. The results showed that operating cash flow has no effect on non-sampled companies revaluation, while the sample of firms that perform revaluation proves that operating cash flow has a positive and significant impact on the abnormal return. Moreover, the effect of revaluation policy can strengthen the influence between operating cash flow to the firm abnormal return than non revaluation.DOI: 10.15408/etk.v16i1.4820

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