USE OF INDICATORS OF THE REPRODUCTION OF FIXED ASSETS IN ASSESSING THE EFFECTIVENESS OF THEIR USE

Depreciation of fixed assets is a measure that is used to estimate the technical condition of equipment in enterprises, while amortization is a mechanism for transferring the value of fixed assets to the value of the product produced in order to further reproduce it. Very often, both concepts are replaced, while depreciation is not reflected in the credentials, does not have a value expression and does not affect the financial statements, and depreciation is a indicator that reduces the initial value of fixed assets, a book value is formed, which is used to calculate equipment efficiency indicators at both the enterprise and industry levels. Amortization is also used to estimate the efficiency of using investments, the payback period of fixed assets, therefore it is one of the key financial indicators. A more precise meaning is needed to justify the conclusions and proposals on calculated asset utilization rates. The article presents historical aspects of depreciation as an economic category, statistics on the level of depreciation of fixed assets of the Udmurt Republic. It is also proposed to supplement the theoretical mechanism for assessing the effectiveness of fixed assets with new indicators, since the assessment of the reproduction of fixed assets directly depends on the quality of the information used.

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Perlakuan Akuntansi Aset Tetap Berdasarkan SAK ETAP Pada PT Asia Pacific Energindo Di Jakarta

Jurnal Kajian Ilmiah ◽

10.31599/jki.v20i1.72 ◽

2020 ◽

Vol 20 (1) ◽

pp. 77-92

Author(s):

Pratiwi Nila Sari

Keyword(s):

Descriptive Analysis ◽

Accounting Standards ◽

Financial Statements ◽

Financial Accounting ◽

Asia Pacific ◽

Public Accountability ◽

Fixed Asset ◽

Book Value ◽

Fixed Assets ◽

Operational Activities

This study aims to analyze the accounting treatment of fixed assets for recognition, measurement, depreciation, termination, and presentation and disclosure at PT. Asia Pacific Energindo on the list of fixed assets in 2017. Tests are carried out by analyzing the extent to which the company has implemented a fixed asset accounting policy based on the Entity Financial Accounting Standards without Public Accountability (SAK ETAP) Chapter 15 in the company's operational activities. This study uses a qualitative descriptive analysis method that is to thoroughly describe the fixed asset accounting policies applied to PT. Asia Pacific Energindo in Jakarta and compared to SAK ETAP Chapter 15. The results of this study indicate that the recognition, measurement, depreciation, termination, and presentation and disclosure of fixed assets in practice are in accordance with the Entity Financial Accounting Standards without Public Accountability (SAK ETAP). Depreciation method uses a straight-line method, fixed assets are discontinued or released from usage then the book value is calculated and then all accounts related to the asset are written off. The presentation of accumulated depreciation is carried out separately for all fixed assets so that it can be seen directly how much accumulated depreciation for each group of fixed assets. This treatment makes it easier to read financial statements. For those who need financial statements, it will be easy to know some of the accumulated amount of the fixed assets in question and the book value of each of the asset groups. Keywords: Accounting, Fixed Assets, SAK ETAP chapter 15 Abstrak Penelitian ini bertujuan untuk menganalisis perlakuan akuntansi aset tetap atas pengakuan, pengukuran, penyusutan, penghentian dan penyajian serta pengungkapan pada PT. Asia Pacific Energindo pada daftar aset tetap tahun 2017. Pengujian dilakukan dengan menganalisis sejauh mana perusahaan telah menerapkan kebijakan akuntansi aset tetap berdasarkan Standar Akuntansi Keuangan Entitas Tanpa Akuntanbilitas Publik (SAK ETAP) Bab 15 dalam aktivitas operasional perusahaan. Penelitian ini menggunakan metode analisis deskriptif kualitatif yaitu menjabarkan secara menyeluruh terhadap kebijakan akuntansi aset tetap yang diterapkan pada PT. Asia Pacific Energindo di Jakarta dan dibandingkan dengan SAK ETAP Bab 15. Hasil penelitian ini menunjukan bahwa pengakuan, pengukuran, penyusutan, penghentian dan penyajian serta pengungkapan aset tetap dalam prakteknya sudah sesuai dengan Standar Akuntansi Keuangan Entitas Tanpa Akuntanbilitas Publik (SAK ETAP). Metode penyusutan menggunakan metode garis lurus, aset tetap dihentikan atau dilepaskan dari pemakaian maka dihitung nilai bukunya untuk kemudian semua akun yang berhubungan dengan aset tersebut dihapuskan. Penyajian akumulasi penyusutannya dilakukan secara terpisah atas seluruh aset tetap, sehingga dapat dilihat langsung berapa akumulasi penyusutan untuk masing-masing kelompok aset tetap. Perlakuan seperti ini mempermudah membaca laporan keuangan. Bagi yang membutuhkan laporan keuangan, akan mudah mengetahui beberapa jumlah akumulasi terhadap aset tetap yang bersangkutan dan nilai buku dari masing-masing kelompok aset tersebut. Kata kunci: Akuntansi, Aset Tetap, SAK ETAP Bab 15

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Bankruptcu Risk Assessment Measures of Polish SMEs

WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS ◽

10.37394/23207.2020.17.3 ◽

2020 ◽

Vol 17 ◽

Cited By ~ 1

Keyword(s):

Financial Statements ◽

Financial Information ◽

Small Enterprises ◽

Financial Indicators ◽

Economic Decisions ◽

Financial Difficulties ◽

Great Ease ◽

Assessment Measures ◽

Business Entities

The accuracy of economic decisions depends on the quality of financial information, mainly derived from financial statements prepared by business entities and other units. Thus, there is a need to create so-called information systems for early warning. Good information could protect many entities from the risk of bankruptcy. This is particularly true for micro, small and medium-sized business entities. For such entities there is a need to create simple indicators informing about the impending financial crisis, most often associated with the loss of the ability to settle current liabilities. The aim of the article is to present a group of financial indicators on the basis of which managers can easily and most importantly very quickly assess the possibility of financial difficulties arising, which will result in the bankruptcy of an individual. Most importantly, the indicators presented can be used by managers of small enterprises with great ease. The indicators presented are primarily addressed to a group of small and medium-sized enterprises thanks to which managers can protect an enterprise against bankruptcy.

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Ifrs Versus Cz Gaap: Influence of Construction Contracts on Financial Indicators

International Journal of Entrepreneurial Knowledge ◽

10.1515/ijek-2015-0017 ◽

2015 ◽

Vol 3 (2) ◽

pp. 76-86

Author(s):

Kristýna Havlová

Keyword(s):

Financial Performance ◽

Financial Reporting ◽

Financial Statements ◽

Lower Percentage ◽

Financial Indicators ◽

The Czech Republic ◽

Construction Contracts ◽

Financial Reporting Standards ◽

Fixed Assets ◽

Accounting Procedure

Abstract In 2009, 117 countries all over the world allowed to prepare financial statements according to International Financial Reporting Standards (IFRS) including the Czech Republic. Between Czech General Accepted Accounting Principles (CZ GAAP) and IFRS are some differences involving reporting of noncurrent fixed assets, leasing, construction contracts etc. Using different accounting procedure we can get different value of assets and assets are one component that is used to calculate the financial performance indicators. Those indicators are then used by investors to assess the financial performance of companies and the application of IFRS instead of CZ GAAP can lead to distinct presentation of enterprise performance. In this paper we examine the influence of construction contract reporting using IFRS and CZ GAAP on financial indicators. IFRS leads to more stable development during the period when the project is in progress. In the last year when the project is finished the figures of both ratios (ROA and Z-score) are getting worse which is due to the lower percentage of the construction that is built in this year.

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PENGARUH LEVERAGE, FIXED ASSET INTENSITY, DAN FIRM SIZE TERHADAP NILAI PERUSAHAAN DENGAN REVALUASI ASET SEBAGAI MODERASI

Jurnal Riset Ekonomi dan Bisnis ◽

10.26623/jreb.v12i1.1524 ◽

2019 ◽

Vol 12 (1) ◽

pp. 1

Author(s):

Riski Meirdiani Lestari ◽

Indarto Indarto

Keyword(s):

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Financial Statements ◽

Sem Analysis ◽

Manufacturing Companies ◽

Fixed Asset ◽

Book Value ◽

Purposive Sampling ◽

Fixed Assets

Penelitian ini bertujuan untuk menganalisis pengaruh leverage yang diproksikan dengan debt to asset ratio, fixed asset intensity dan firm size terhadap nilai perusahaan yang diproksikan dengan price to book value dengan revaluasi aset sebagai moderasi. Data diambil dari laporan keuangan dan laporan tahunan perusahaan manufaktur yang terdaftar di BEI tahun 2015-2016. Dengan metode purposive sampling, diperoleh 42 sampel perusahaan revaluer. Data diolah menggunakan analisis SEM smartPLS versi 3.0 Hasil pengujian menunjukkan bahwa leverage dan firm size berpengaruh signifikan terhadap nilai perusahaaan, sedangkan fixed asset intensity tidak berpengaruh terhadap nilai perusahaan. Revaluasi aset tidak memoderasi hubungan antara leverage, fixed asset intensity dan firm size terhadap nilai perusahaan The purpose of this study is to analyze the influence of leverage which using debt to asset ratio as the proxy, fixed asset intensity and firm size to the firm value which using price to book value as the proxy with revaluation of fixed assets as a moderating.The data obtained from the financial statements and annual report of manufacturing companies that listed in the Indonesian Stock Exchange on period 2015-2016. As much as 42 revaluer firms were taken as a sample using purposive sampling method, ande analyzed by the Structural Equatiom Modeling (SEM) analysis using smartPLS version 3.0.The results shows that leverage and firm size significantly effect to the firm value, but fixed asset intensity has not significant effect to the firm value. As a moderating variable, revaluation of fixed assets can not moderate the effect of leverage, fixed asset intensity and firm size to the firm value.

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Upward Revaluation of Fixed Assets

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v4i1.2629 ◽

2011 ◽

Vol 4 (1) ◽

Author(s):

Zhemin Wang

Keyword(s):

Economic Value ◽

Financial Statements ◽

Fair Value ◽

International Accounting Standards ◽

Consolidated Financial Statements ◽

Book Value ◽

Fixed Assets ◽

Accounting Numbers ◽

Book Values ◽

A Company

Under the U.S. GAAP, fixed assets are reported at their book values which are derived by deducting accumulated depreciation from the original cost.  Companies are allowed to write down their fixed assets if the value of the fixed assets is impaired.  Under no circumstances can a company write up its fixed assets even if the market value of these assets exceeds their book value.  However, such upward revaluation is allowed under the International Accounting Standards (IAS).  Specifically, as an allowed alternative, IAS No.16, “Property, Plant & Equipment,” permits fixed assets to be revalued periodically and carried at fair value. Significant controversies currently exist regarding the revaluation provision under IAS No.16.  Critics of IAS No.16 have expressed concerns that revaluation of fixed assets is arbitrary and may be used by management to manipulate reported accounting numbers. To address such concerns, this study empirically assesses the reported fixed assets under IAS No.16.  Based on the data of 113 companies whose consolidated financial statements were prepared using IAS, this study documented significant empirical evidence suggesting that fixed assets reported by sample firms under IAS No. 16 reflect their economic value as perceived by investors.  The findings seem to support the use of IAS in preparation of financial statements for cross-border listing of securities.

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Accounting estimates as the most important factor in the formation of the book value of accounting objects

International Accounting ◽

10.24891/ia.24.8.848 ◽

2021 ◽

Vol 22 (8) ◽

pp. 848-867

Author(s):

Irina A. LISOVSKAYA ◽

Natal'ya G. TRAPEZNIKOVA

Keyword(s):

Systems Analysis ◽

Accounting Standards ◽

Financial Statements ◽

Accounting Standard ◽

Book Value ◽

Effective Implementation ◽

Fixed Assets ◽

Accounting Estimates ◽

Points Of View ◽

And Training

Subject. This article discusses the category of Accounting Estimates, which is important from the methodological and practical points of view, including the upcoming transition to Federal Accounting Standard 6/2020 (FAS 6/2020) – Property, Plant and Equipment. Objectives. The article aims to analyze the essence of the category of Accounting Estimates, including from the standpoint of the transformation of these estimates and their impact on the book value of fixed assets accounted for in accordance with FAS 6/2020. Methods. For the study, we used the methods of systems analysis and generalization. Results. Using some cases of transactions in fixed assets, the article shows that before the transition to FAS 6/2020, it is necessary to analyze which accounting estimates may get changed and how these changes will affect the dynamics of depreciation elements and financial statements indicators. Conclusions and Relevance. One of the reasons for the likelihood of practical difficulties associated with the justification and correct reflection of accounting estimates is the lack of knowledge of regulatory documents and international accounting practices. Therefore, it is advisable to prepare methodological recommendations on the reflection of changes in accounting estimates, given the upcoming transition to new accounting standards, and expand the practice of effective implementation of IFRS. The results of the study are intended for scientific and practical activities and training of specialists in the field of accounting, as well as the development of proposals for improving the Russian accounting methodology, focused on convergence with current international practice.

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STRATEGI PENGUATAN SISTEM PENGENDALIAN INTERN DALAM PENATAUSAHAAN BARANG MILIK DAERAH KABUPATEN BOGOR

Jurnal Manajemen Pembangunan Daerah ◽

10.29244/jurnal_mpd.v8i2.24822 ◽

2016 ◽

Vol 8 (2) ◽

Author(s):

Richard Anthoni ◽

Dwi Rachmina ◽

Trias Andati

Keyword(s):

Human Resources ◽

Internal Control ◽

Government Regulation ◽

Swot Analysis ◽

Risk Mitigation ◽

Financial Statements ◽

Fixed Assets ◽

The Government ◽

Main Strategy

The report of examination of the Supreme Audit Agency (BPK) in Bogor Regency Government has always found the weaknesses of internal control sistem in administering of fixed assets. One of them had a significant impact on the qualified opinion (WDP) of their financial statements in 2010-2014. This research aimed to evaluate the implementation of internal control sistem on the fixed assets administration within Bogor Regency Government by using the criteria in COSO and the Government Regulation Number 60 Year 2008 on the Government Internal Control Sistem. According to perception of the statement of 65 respondents resulted in a score of 2.89 (Likert scale of 4) / 72.35 % included in less category. In formulating the alternative strategies a SWOT analysis was used, while the determining main strategy used QSPM analysis as continuation of the SWOT analysis. The resulting strategy was increasing the quantity and quality of human resources, monitoring fixed assets and risk mitigation supported by the information technology. ABSTRAKHasil pemeriksaan yang dilakukan oleh BPK pada Pemerintah Kabupaten Bogor setiap tahunnya selalu menemukan kelemahan-kelemahan system pengendalian intern dalam penatausahaan barang milik daerah. Salah satu dampaknya adalah opini laporan keuangan Kabupaten Bogor dari tahun 2010-2014 meraih Wajar Dengan Pengecualian (WDP). Penelitian ini bertujuan untuk melakukan evaluasi implementasi system pengendalian intern dalam penatausahaan barang milik daerah berdasarkan kriteria COSO dan PP Nomor 60 Tahun 2008. Berdasarkan persepsi 65 responden penelitian dihasilkan skor 2,89 (likert skala 4)/72.35% dengan kriteria kurang baik Dalam merumuskan alternative strategi digunakan analisis SWOT, sedangkan dalam menentukan prioritas strategi digunakan analisis QSPM yang merupakan lanjutan SWOT. Prioritas strategi yang dihasilkan adalah peningkatan kuantitas dan kualitas SDM, pengawasan barang milik daerah, dan mitigasi risiko yang didukung pemanfaatan teknologi informasi.

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PENGARUH PENERAPAN STANDAR AKUNTANSI PEMERINTAH BERBASIS AKRUAL, SISTEM PENGENDALIAN INTERN DAN KUALITAS LAPORAN KEUANGAN TERHADAP AKUNTABILITAS KINERJA INSTANSI PEMERINTAH (STUDI KASUS INSPEKTORAT KABUPATEN BENGKULU TENGAH)

JAZ:Jurnal Akuntansi Unihaz ◽

10.32663/jaz.v2i2.989 ◽

2019 ◽

Vol 2 (2) ◽

pp. 19

Author(s):

Novita Fitriyani ◽

Helmi Herawati

Keyword(s):

Control System ◽

Control Systems ◽

Internal Control ◽

Financial Statements ◽

Financial Statement ◽

Government Performance ◽

A Value ◽

Internal Control System ◽

Government Institution

This study aims to determine how much influence the Accrual Based Accounting, Internal Control Systems and Financial Statement Quality on the Accountability of Government Institution Performance, at the Central Bengkulu District Inspectorate.Based on the results and hypothesis testing that has been described, accrual-based accounting has a significant effect with the value of 0.714 on the accountability of government performance in the Central Bengkulu District Inspectorate. This shows that in the first hypothesis Accrual Based Accounting the hypothesis is accepted. The internal control system has a significant effect with a value of 0.801 on the accountability of government performance in the Central Bengkulu District Inspectorate. This shows that in the second hypothesis, the internal control system is accepted. The quality of financial statements has a significant effect with a value of 0.774 on the accountability of government performance in the Central Bengkulu Inspectorate, this shows in the third hypothesis The quality of the financial statements is accepted. So that it can be concluded that Accrual Based Accounting, Internal Control System and Quality of Financial Statements have a significant effect on the accountability of the performance of government agencies in the Central Bengkulu Inspectorate, with a value of 82% and the rest is influenced by other factors outside the X variable in this study.

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IFRS Versus CZ GAAP: Influence Of Construction Contracts On Financial Indicators

International Journal of Entrepreneurial Knowledge ◽

10.37335/ijek.v3i2.33 ◽

2015 ◽

Vol 3 (2) ◽

Author(s):

Kristýna Havlová

Keyword(s):

Financial Performance ◽

Financial Reporting ◽

Financial Statements ◽

Lower Percentage ◽

Financial Indicators ◽

The Czech Republic ◽

Construction Contracts ◽

Financial Reporting Standards ◽

Fixed Assets ◽

Accounting Procedure

In 2009, 117 countries all over the world allowed to prepare financial statements according to International Financial Reporting Standards (IFRS) including the Czech Republic. Between Czech General Accepted Accounting Principles (CZ GAAP) and IFRS are some differences involving reporting of noncurrent fixed assets, leasing, construction contracts etc. Using different accounting procedure we can get different value of assets and assets are one component that is used to calculate the financial performance indicators. Those indicators are then used by investors to assess the financial performance of companies and the application of IFRS instead of CZ GAAP can lead to distinct presentation of enterprise performance. In this paper we examine the influence of construction contract reporting using IFRS and CZ GAAP on financial indicators. IFRS leads to more stable development during the period when the project is in progress. In the last year when the project is finished the figures of both ratios (ROA and Z-score) are getting worse which is due to the lower percentage of the construction that is built in this year.

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ANALISA VALUASI EMITEN KARYA LISTED IDX

Jurnal Ihtiyath ◽

10.32505/ihtiyath.v5i1.2633 ◽

2021 ◽

Vol 5 (1) ◽

Author(s):

M Aditya Ananda .

Keyword(s):

Financial Statements ◽

Stock Valuation ◽

Book Value ◽

The Third ◽

A Value ◽

Equity Ratio ◽

Using Data ◽

Solvency Ratio

ABSTRACT This study aims to analyze the stock valuation of construction issuers, especially BUMN Karya using data for the first quarter – third quarter of 2020 obtained from financial statements. The ratio used is the valuation ratio such as Price to Book Value and Price to Earning to Share. The solvency ratio used is the Debt to Equity Ratio and the market cap value. The three construction issuers that are the focus of the analysis are PT Waskita Karya (WSKT), Tbk, PT Wijaya Karya, Tbk (WIKA) and PT. Pembangunan Perumahan, Tbk (PTPP). From the results of the analysis obtained in the third quarter of 2020, WSKT has a value of PBV 0.84, PER -7.56, DER 3.87 with a Market Cap of 19.9T. WIKA has a value of PBV 1.00, PER 320.79, DER 2.80 and Market Cap 16.1T. while PTPP, has PBV 0.66, PER 358.82, DER 2.79, Market Cap 9.4T. among the three issuers, WSKT has a negative value due to having a corrected profit in the third quarter of 2020. While the lowest PBV is owned by PTPP while the highest DER is owned by WSKT.

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