Analisis Penerapan Sak Etap Dalam Penyusunan Laporan Keuangan Koperasi  ( Studi Kasus Pada KOPKAR PDAM Tirta Sanita )

The purpose of this study is to analyze the application of IFRSs in the preparation of financial statements ETAP cooperatives, especially Cooperative Tirta Sanita. Analysis is performed to determine whether the financial statements have been applied by the Cooperatives is in accordance with GAAP ETAP set since July 2010. The analysis conducted in this study uses a descriptive method while selected data sources are secondary data from financial statements. The selected data collection procedures are obtained form library research, literatures, records, field research and interviews. The results showed that the Cooperative Tirta Sanita has been making adjustments in applying SAK ETAP in the preparation of its financial statements, but still not all the adjustments in the SAK ETAP have been applied in the preparation of its financial statements. This is evident with the availability of financial statements consisting of a balance sheet, profit/loss, change in equity, and cash flow statement. Cooperative Tirta Sanita using SAK ETAP with reporting guidelines still largely the same as before adopting IFRS GAAP General, therefor not too many significant changes occured. In other words, there was no significant effect happens on the application of GAAP in the financial statements Cooperative ETAP Tirta Sanita. Thus, financial statement reporting guidelines Cooperative Tirta Sanita with SAK ETAP is still using the principles of the historical cost method uses a different cost with SFAS General that is currently adopting IFRS using the fair value method. In general, this is the fundamental difference for the implementation of SAK ETAP.

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THE EFFECT OF FAIR VALUE IMPLEMENTATION ON CASH FLOW FORECASTING (CASE STUDY: BANKING COMPANY LISTED IN INDONESIAN STOCK EXCHANGE YEAR 2014-2015)

AKUNTABILITAS ◽

10.29259/ja.v11i1.8929 ◽

2019 ◽

Vol 11 (1) ◽

pp. 59-70

Author(s):

Riesa Morita Yuliasari ◽

Mukhtaruddin Mukhtaruddin ◽

Tertiarto Wahyudi

Keyword(s):

Cash Flow ◽

Quantitative Research ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Fair Value ◽

Financial Statement ◽

Historical Cost ◽

Cash Flow Forecasting

This study has one main objectives; to investigate about the significant effect of fair value implementation in forecasting cash flow on Banking Company in Indonesia. The methodology used in this research is quantitative research, so the data are collected from secondary data by using purposive sampling technique of Banking Company’s Financial Statement uploaded in Indonesian Stock Exchange which related to this research. The number of sample in this research are 36 financial statement of Banking Company in Indonesia for year 2014 and 2015 consist of 18 financial statement that implement fair value and 18 financial statement that still implement historical cost. The results of this study show that the implementation of fair value does significantly influence cash flow forecasting of Banking Company in Indonesia.

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ANALISIS PERHITUNGAN KOMISI AGENT ASURANSI PADA PT.GENERALI LIFE INSURANCE CABANG MEDAN

JURNAL AKUNTANSI DAN BISNIS Jurnal Program Studi Akuntansi ◽

10.31289/jab.v4i1.1544 ◽

2018 ◽

Vol 4 (1) ◽

Author(s):

Pratama Sutrisno

Keyword(s):

Life Insurance ◽

Field Research ◽

Secondary Data ◽

Detailed Calculation ◽

Insurance Agents ◽

Library Research ◽

Target Company ◽

Insurance Agent ◽

Quantitative Descriptive ◽

Descriptive Method

ABSTRACT A commission calcuation is very important for the company to know the performance of the agent. In addition, the calculation of the commission aims to know the commission of insurance agents on PT.GENERALI Life Insurance. In the calculation of the company’s commission using the method based on working time so that obtained more accurate, fast, precise in reducing the risk of calculating the commission. The type of data used in this study are primary and secondary data, and data sources used in the form of internal and external. Dat collection methods used are field research and library research. Method of data analysis used quantitative descriptive method. Seen from the results of research used by the author, the conclusion that PT.GENERALI Life Insurance has a commission calculation taht is very appropriate with the agent. However, the lack of detailed calculation of commisions makes the agent feel less satisfied. After analyzed the commission calculation has additional reward again so that agent/marketer can motivate himself to achieve the target company. Keywords : Insurance Agent Commission

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PENGARUH PEMBIAYAAN MURABAHAH, ISTISHNA, MUDHARABAH, DAN MUSYARAKAH TERHADAP PROFITABILITAS (STUDI PADA BANK SYARIAH DI INDONESIA PERIODE MARET 2015 – AGUSTUS 2016)

Accounting and Management Journal ◽

10.33086/amj.v1i1.68 ◽

2018 ◽

Vol 1 (1) ◽

Author(s):

Dewi Wulan Sari ◽

Mohamad Yusak Anshori

Keyword(s):

Linear Regression ◽

Balance Sheet ◽

Secondary Data ◽

Financial Statements ◽

Statistical Test ◽

Financial Statement ◽

Islamic Banks ◽

Normality Test ◽

Bank Financing ◽

Income Statement

This thesis aims to determine how much influence policy-contract agreement the Islamic bank financing (murabahah, istishna, mudharabah, and musyarakah) against the profitability of Islamic banks. Profitability used in this thesis is the Bukopin Syariah, BRI Syariah, BSM, and Muamalat Indonesia Bank. The data in this paper uses secondary data, monthly financial statements (balance sheet and income statement) in the period March 2015-August 2016. The financial statement has been taken from the publication of the report issues by the website of each bank. Mechanical of data management using multiple linear, regression, and test the classical assumption of normality test, multikoloniaritas, heteroksidasitas, and autokorolation, while proving the hypothesis of determination R2, F statistical test, and the test T statistic.

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LABOUR MARKET REFORM: GENERAL TRENDS, EXISTING CHALLENGES, DIRECTIONS OF ADVISORY SUPPORT

The institute of accounting, control and analysis in the globalization circumstances ◽

10.35774/ibo2021.01-02.050 ◽

2021 ◽

pp. 50-59

Author(s):

Yuriy Bakun ◽

Mykhaylo Ksenofontov ◽

Lyudmyla Dudnik

Keyword(s):

Financial Reporting ◽

Balance Sheet ◽

Financial Statements ◽

Fair Value ◽

Fundamental Principle ◽

The Real ◽

Historical Cost ◽

Current Accounting ◽

Financial Position ◽

The Difference

Introduction. The article describes the concept of valuation of assets, liabilities and capital, as well as the presentation of the information received in the accounting and financial statements. Methods. Methods of structural and logical analysis, comparison and generalization of requirements of national and international accounting standards and current legislation are used in this article. Results. The economic content of the assessment of objects at the reporting date as an important methodological tool of accounting is in-depth. The principal difference between the fundamental principle of accounting - monetary valuation and evaluation as a procedure performed for the purpose of obtaining the real (fair) value of the property of the enterprise as of the reporting date is set out. The expediency of using historical value in current accounting and fair value is substantiated - when the information about the property of the enterprise in the financial statements is displayed. It has been proved that the assessment as one of the fundamental principles of accounting and assessment as a procedure that is carried out in order to obtain the real (fair) value of the property, liabilities and capital of the enterprise as of the reporting date should be distinguished. The expediency of using historical value in current accounting and fair value has been substantiated - when the information about the property of the enterprise in the financial statements is displayed. The assessment has been designated as the principle of accounting and as a procedure performed to establish the fair (fair) value of the property, liabilities and capital of the enterprise at the reporting date. To do this, the balance sheet proposes to reflect the results of their accounting for historical cost, and in the statement of financial position present information about the financial position, taking into account the fair value of assets, liabilities and equity as of the reporting date. Discussion. The difference between the indicators of these reports is recommended to be presented in the notes, accordingly, it will provide interested parties with reliable information about the financial position and will give reasons to recognize the extent to which the revalued methods of revaluation of assets, liabilities, capital and management effectiveness are used. Keywords: accounting, assessment, financial reporting, accounting principles, fair value, accounting procedure.

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Fair Value Accounting vs. Historical Cost Accounting

Review of Business Information Systems (RBIS) ◽

10.19030/rbis.v17i1.7579 ◽

2012 ◽

Vol 17 (1) ◽

pp. 1-6

Author(s):

Paul Jaijairam

Keyword(s):

Balance Sheet ◽

Financial Statements ◽

Cost Accounting ◽

Fair Value ◽

Fair Value Accounting ◽

Historical Cost ◽

Income Statement ◽

Accounting Reports ◽

The Impact ◽

Historical Cost Accounting

This paper reviews fair value accounting method relative to historical cost accounting. Although both methods are widely used by entities in computing their income and financial positions, there is controversy over superiority. Historical cost accounting reports assets and liabilities at the initial price they were exchanged for at the time of the transaction. Conversely, fair value accounting quotes the prevailing price in the market. Nevertheless, while both methods of accounting affect financial statements, the impact of fair value accounting on the balance sheet and income statement is extreme due to the potential volatility of the method. Fair value accounting is deemed superior when compared to historical cost accounting because it reflects the current situation in the market whereas the later is based on the past. In addition, in relative terms, fair value accounting provides users with more current financial information and visibility.

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PENERAPAN ALTMAN Z-SCORE DALAM MEPREDIKSI KEBANGKRUTAN PADA PT BANK DANAMON INDONESIA Tbk

JURNAL AKUNTANSI BARELANG ◽

10.33884/jab.v5i2.4470 ◽

2021 ◽

Vol 5 (2) ◽

pp. 60-66

Author(s):

Eva Malina Simatupang

Keyword(s):

Data Analysis ◽

Balance Sheet ◽

Secondary Data ◽

Financial Statements ◽

Financial Statement ◽

Z Score ◽

Financial Difficulties ◽

Income Statement ◽

Analysis Technique ◽

Modification Method

The tittle of research was "The Implementation of Altman Z-Score in Predicting Bankruptcy at PT Bank Danamon Indonesia Tbk. The purpose of this research was conducted to determine the risk of bankruptcy of PT Bank Danamon Tbk according to Altman Z-Score. The population in this research was the financial statement of PT Bank DanamonTbk and the samples in this research were reports of financial position (balance sheet) and income statement of PT Bank Danamon Tbk period 2018 – 2020. The type of data used is secondary data and the data collection techniques used were the documentation of the financial statements published through website https://www.danamon.co.id . The data analysis technique uses descriptive statistics and the Altman Z-Score Modification method. Based on the results of the data processing obtained Z-Score results at 2018 was 2,251 ; at 2019 was 2,4424; at 2020 was 2,0052. Based on the results of data analysis, it can be concluded that PT Bank Danamon Tbk is in the gray zone because the standard cut off value is 1.1 < Z < 2.6. Bank Danamon is in a vulnerable condition (grey area) which means the company has the potential to experience financial difficulties but can still be overcome.

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The Factors that Influence the Causes of the Revocation of Parental Authority on Children are Reviewed by Marriage Law Number 1 of 1974 (case study of Verdict No. 78 / Pdt.G / 2017 / PA.PP)

International Journal of Multicultural and Multireligious Understanding ◽

10.18415/ijmmu.v6i10.931 ◽

2019 ◽

Vol 6 (10) ◽

pp. 149

Author(s):

Rahimah Yasir ◽

Busyra Azheri ◽

Neneng Oktarina

Keyword(s):

Research Result ◽

Field Research ◽

Secondary Data ◽

Primary Data ◽

Growing Up ◽

Library Research ◽

Research Interview ◽

The Will ◽

Descriptive Method

A child is a really special gift for parents from God, Allah SWT. Parents have an absolute right to educate, to nurture, to take care, and to fulfill child’s need until the child grows to become an adult. Before growing up, the child is under his parent power. However, sometimes power of parents is revoked by religious court because of negligence of parents in caring the child. It is stated in Article 49 of Act Number 1 Year 1974 that power of mother or father or both of them could be revoked in certain time based on the will of other people or child’s relatives or child’s sibling or authorized officials by referring to court decision. The power is revoked because parents are negligence in fulfilling their responsibility or they do the bad things. Although the power is revoked, the parents still have responsibility to give financial support to the child. Based on the explanation above, problems to be discussed in this thesis are factors which cause the revocation of parent power on children reviewed from Act Number 1 Year 1974 (a case study of Verdict No. 78/Pdt.G/2017/PA.PP), and law consideration of panel of judges in giving judgement about revoking parent power on a child (a case study of Verdict No. 78/Pdt.G/2017/PA.PP).Method of approach in this research is empirical, which means that secondary data was investigated first before primary data in the field was researched. Specification in this research is descriptive. Method of data collection are field research (interview) and library research. Result of the research shows that among factors which influence the cause of revoking parent power are: it occurs on children under 18 years and they are not married yet, parents are prosecuted because of their negligence in fulfilling their responsibility and doing really bad thing, and prosecutor meets criteria to be a guardian based on applicable provision. Judge consideration in giving judgement is that parents has broken the elements of marriage which is stated in Article 47 and Article 49, Act Number 1 Year 1974.

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The Reevaluation of Tangible Fixed – Accounting and Tax Implications

International conference KNOWLEDGE-BASED ORGANIZATION ◽

10.2478/kbo-2020-0054 ◽

2020 ◽

Vol 26 (2) ◽

pp. 63-70

Author(s):

Mihaela Nicoară

Keyword(s):

Balance Sheet ◽

Financial Statements ◽

Fair Value ◽

Financial Statement ◽

Accurate Information ◽

Accounting Data ◽

Data Registration ◽

Economic Entity ◽

Tangible Assets

AbstractThe revaluation of the assets represents the economic operation as a result of which the carrying amount of the assets is correlated with their current value, thus ensuring relevant data registration in annual financial statements and, through this, more accurate information of accounting data users. The evaluations made during the reorganization of enterprises (fusions, divisions) don’t form a revaluation, these evaluations aiming the determination of the exchange ratio of all the balance sheet elements. Exceptions are the cases where the date of the financial statement that underlies the reorganization is the same date of the annual financial statements. The revaluation of tangible assets is made at their fair value at the date of the balance sheet. The assets’ fair value is determined based on evaluations usually made by authorized evaluators, according to the law. The historical costs principle is based on the hypothesis of the stable monetary union, which means that is respecting the nominal values of the currency without taking into account of the purchasing power variations. The practice in the field showed that the application of the fair value in accounting is leading to obtain annual financial statements which provide better information regarding the present and future performances of the economic entity.

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Rating Agency Adjustments to GAAP Financial Statements and Their Effect on Ratings and Credit Spreads

The Accounting Review ◽

10.2308/accr-50858 ◽

2014 ◽

Vol 90 (2) ◽

pp. 641-674 ◽

Cited By ~ 64

Author(s):

Pepa Kraft

Keyword(s):

Default Risk ◽

Credit Rating ◽

Credit Ratings ◽

Balance Sheet ◽

Financial Statements ◽

Financial Statement ◽

Credit Spread ◽

Credit Spreads ◽

Term Structures ◽

Interest Expense

ABSTRACT I examine a dataset of both quantitative (hard) adjustments to firms' reported U.S. GAAP financial statement numbers and qualitative (soft) adjustments to firms' credit ratings that Moody's develops and uses in its credit rating process. I first document differences between firms' reported and Moody's adjusted numbers that are both large and frequent across firms. For example, primarily because of upward adjustments to interest expense and debt attributable to firms' off-balance sheet debt, on average, adjusted coverage (cash flow-to-debt) ratios are 27 percent (8 percent) lower and adjusted leverage ratios are 70 percent higher than the corresponding U.S. GAAP ratios. I then find that Moody's hard and soft rating adjustments are associated with significantly higher credit spreads and flatter credit spread term structures. Overall, the results indicate that Moody's quantitative adjustments to financial statement numbers and qualitative adjustments to credit ratings enable it to better capture default risk, consistent with it effectively processing both hard and soft information.

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APPLICATION OF AKAD IJARAH ISLAMIC LAW IN THE AL-QUR'AN

ISLAMIKA ◽

10.33592/islamika.v14i1.637 ◽

2020 ◽

Vol 14 (1) ◽

pp. 1-11

Author(s):

Ade Jamarudin ◽

Ofa Ch Pudin

Keyword(s):

Financial Institutions ◽

Islamic Law ◽

Financial Institution ◽

Field Research ◽

Secondary Data ◽

Research Field ◽

Islamic Banking ◽

Library Research ◽

Human Labor ◽

Leasing Company

Ijarah is a contract on the transfer of goods or services with rewards instead. Ijarah based transactions with the displacement benefit (rights to), not transfer of ownership (property rights), there ijara financing translates as buying and selling services (wages hired), that take advantage of human power, there is also a translate lease, which take advantage of goods. Application ijarah growing financial institutions in the current Shari'ah is happening on the leasing company (financial institution based on Islamic teachings, as well as Islamic banking is one of the products in Islamic finance. Application ijarah emerging financial institutions shari'ah 'ah at the moment that is happening on the leasing company (financial institution based on Islamic teachings, as well as Islamic banking is one of the Islamic financing products). This research is a library research (library research) and field research (field research), and is descriptive, analytic and comparative. Data sources used in this study are sourced from primary and secondary data. Ijarah transactions are based on the transfer of benefits (use rights), not the transfer of ownership (ownership rights), some translate ijarah financing as the sale and purchase of services (wage wages), i.e., taking the benefits of human labor

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