scholarly journals Analisis Pengakuan, Pengukuran dan Pengungkapan Imbalan Pasca Kerja Berdasarkan PSAK No. 24 (revisi 2013) dan Dampak Perubahannya terhadap Laporan Keuangan Pada Perusahaan Yang Terdaftar Dalam Bursa efek Indonesia

2019 ◽  
Vol 7 (2) ◽  
pp. 246-257
Author(s):  
Dilla Nurul Fadillah ◽  
Triandi Triandi
Keyword(s):  
Financial Statements ◽  
Employee Benefits ◽  
Defined Contribution ◽  
Maximum Performance ◽  
Employment Benefits ◽  
Defined Benefits ◽  
Long Life ◽  
The Impact ◽  
A Company

Every established company certainly hopes that the company can grow rapidly, advance and have a long life. The survival of a company depends very much on what the company produces through the performance of the workers in the company. A worker will give a maximum performance if they get satisfaction from the results of their work. The satisfaction of these workers can be given through employee benefits that are appropriate for their work. With employee benefits, workers will provide maximum and good performance and have a sense of loyalty to the company. The purpose of this study was to find out how the application of PSAK No.24 (revised 2013) regarding post-employment benefits in a company, the suitability of recognition, measurement and disclosure and the impact of the application of PSAK No. 24 (Revised 2013). The author conducted research at PT. Indonesian Telecommunications.Tbk and PT. Blue Bird.Tbk. The results of the study show that the two companies have implemented post-employment benefits in accordance with PSAK No.24 (revised 2013). PT Telekomunikasi Indonesia.TbK implements both post-employment benefits programs, namely defined benefits and definite contributions, while for PT. Bird Bird.Tbk only implements a defined contribution program. Because both companies have implemented PSAK No. 24 (Revised 2013) which took effect on January 1, 2015 then the financial statements of the two companies must be reviewed. Therefore, both companies should maintain their consistency in implementing PSAK No.24 in accordance with the applicable regulations. Because employee benefits are a large operating expenses of the company and can affect the company's profit.

Qualitative Financial Statement Disclosures: Legal and Ethical Considerations

2004 ◽  
Vol 14 (3) ◽  
pp. 433-451 ◽  
Author(s):  
William E. Shafer
Keyword(s):  
Empirical Test ◽  
Financial Statements ◽  
Financial Statement ◽  
Corporate Management ◽  
Ethical Considerations ◽  
Corporate Executives ◽  
Illegal Acts ◽  
The Impact ◽  
A Company

Abstract:There is a long-running debate among legal scholars regarding the propriety and enforceability of SEC attempts to mandate disclosures of antisocial or illegal corporate activities that do not materially impact a company’s financial statements. This debate was recently revived by the issuance of SEC Staff Accounting Bulletin 99, Materiality in Financial Statements (SEC 1999), which suggests that quantitatively immaterial information relating to unlawful transactions or regulatory non-compliance should be considered for disclosure. This issue has important implications for the accounting profession, although it has generally been ignored in the accounting literature. This paper reviews legal and ethical considerations raised by the issue of qualitative disclosures, and also presents the results of a preliminary empirical test of the impact of such disclosures on financial statement users’ judgments. The results of this study indicate that investors consider the nondisclosure of immaterial illegal acts to be unethical, and reject suggestions that such information lacks moral intensity. The results also suggest that immaterial illegal acts have a significant effect on investors’ perceptions of the quality of corporate management and the likelihood of investment in a company. This effect was more pronounced when the illegal act was combined with self-dealing on the part of corporate executives.

scholarly journals ECONOMIC VALUE ADDED (EVA) SEBAGAI PENGUKURAN KINERJA KEUANGAN PADA INDUSTRI TELEKOMUNIKASI SUATU ANALISIS EMPIRIK

2018 ◽  
Vol 1 (1) ◽  
pp. 101-119
Author(s):  
Trinik Susmonowati
Keyword(s):  
Financial Performance ◽  
Stock Price ◽  
Cost Of Capital ◽  
Economic Value ◽  
Value Added ◽  
Financial Statements ◽  
Capital Cost ◽  
Economic Value Added ◽  
The Impact ◽  
A Company

The company's performance has always been measured based on financial ratios for a certain period. Measurement based on financial ratios is very dependent on the accounting treatment used in the preparation of corporate financial statements. The purpose of a company that is only oriented to the achievement of profits as big as when it is no longer relevant today. Therefore the responsibility of the company not only to the shareholders, but to all stakeholders. Performance appraisal of a company is very important that the assessment process must be in line with the effectiveness and efficiency in achieving competitive advantage in the business world. Since the last ten years has developed a new approach in assessing the financial performance of companies known as Economic Value Added (EVA). EVA model comes from the concept of capital cost (cost of capital), which is the risk faced by the company in making investments. The concept of Economic Value Added (EVA) as an alternative to performance measurement based on the value (EVA) is an approach in assessing the performance of the company by paying fair attention to the expectations of funders or investors. EVA is the profit left behind after deducting the capital cost (cost of capital) invested to generate the profit. Positive EVA values can be interpreted that the company's management has created value (creating value). Conversely, if the value of negative EVA means that there is no economic value added into the company. The goal to be achieved by the authors in this study is To determine the financial performance of Telecommunications Company in review of Economic Value Edded (EVA). And To know Which Telecommunication Company that provides better economic value.This research used qualitative analysis. The qualitative analysis method is used to interpret and analyze the result of EVA calculation, that is to measure the added value of the company by calculating all capital cost, either the capital contribution from the shareholder or from the loan, or the risk faced by the company in making the investment. To measure the company's performance required financial report data in the form of income statement and balance sheet, JCI, stock price and SBI rate data. Data Collection Procedure is the data of financial statements of companies from the telecommunications industry listed on the Indonesia Stock Exchange in the period 2005-2009, obtained from www.idx.co.id. Monthly monthly stock price index (IHSG) monthly from 2005-2009, interest rate of 12 month time deposit from 2005-2009 and stock price data used since 2005.The results show that only PT Telekomunikasi Indonesia Tbk alone can generate positive EVA, while PT Indosat Tbk and PT Bakrie Telecom Tbk generate negative EVA. Negative EVA values are caused by several factors, among others: because of the significant increase in fuel prices, followed by inflation and rising interest rates affecting people's purchasing power, rising capital costs and operational costs of both companies, the impact of the 2008 global financial crisis that affected on declining stock value and the impact of tariff war between telecommunication companies where telephone tariffs are lower and the decline in long distance call rates affects the telecommunication company's operating revenues.

scholarly journals ANALISA DAMPAK REVALUASI ASET TETAP BERDASARKAN PERATURAN MENTERI KEUANGAN NO.191/PMK.010/2015 TAHUN 2015 DALAM PERHITUNGAN BEBAN PAJAK PENGHASILAN (Studi Kasus Pada Pt. XYZ di Mojokerto)

2017 ◽  
Vol 2 (01) ◽  
Author(s):  
Muhammad Amar Syukroni ◽  
Hwihanus Hwihanus
Keyword(s):  
Income Tax ◽  
Research Method ◽  
Financial Statements ◽  
Corporate Tax ◽  
Industrial Services ◽  
Operating Income ◽  
Fixed Assets ◽  
The Impact ◽  
A Company

ABSTRACTThis research discusses the implementation of revaluation of fixed assets by taking a case study at PT. XYZ in 2015. PT. XYZ is a company engaged in industrial services for a variety of special works of metals and metal goods. PT. XYZ conducts revaluation of fixed assets for taxation purposes. Tax regulations which are the basis for the revaluation of fixed assets at PT. XYZ is PMK 191 / PMK.010 / 2015, PMK 233 / PMK.03 / 2015, and PMK 29 / PMK.03 / 2016. The research method used is descriptive qualitative with the aim to determine the application of PMK 191 / PMK.010 / 2015 to the implementation of revaluation of fixed assets at PT. XYZ and the impact on the financial statements. The results of this study are the revaluation of fixed assets by PT. XYZ is in accordance with applicable tax regulations. Impact arising on the financial statements of PT. XYZ is an increase in the balance of fixed assets, equity, tax debt, and a decrease in the ratio of debt to equity. Tax implications that arise are PT. XYZ must pay taxes on revaluation of Rp 251,006,279. Depreciation expenses which increase due to increasing value of fixed assets are a deduction from operating income in the calculation of corporate tax expenses. However, it should also be considered that revaluation creates new costs, including appraisal services fees and Final Income Tax debt. Keywords: revaluation of fixed assets, taxes, PMK 191 / PMK.010 / 2015, financial statements

scholarly journals Employee benefits under IAS/IFRS and the Czech accounting legislation, the tax point of view including

2009 ◽  
Vol 57 (6) ◽  
pp. 179-188 ◽  
Author(s):  
Milena Otavová ◽  
Jana Gláserová
Keyword(s):  
Social Services ◽  
Social Insurance ◽  
Base Point ◽  
Point Of View ◽  
Employee Benefits ◽  
Short Term ◽  
Tax Base ◽  
Employment Benefits ◽  
Net Profit ◽  
The Impact

The regulation of employee benefit is limited in the Czech Accounting Legislation. There are only short-term employee benefits – wages, salaries, when employees has rendered services to an entity during a period – month. Entities could create funds from a net profit –fund for social and cultural benefits which could serve as source of social services financing for employees. There are employee benefits defined very extensive in IAS/IFRS. It is IAS 19 – Employee Benefits which defines four Gross of employee benefits: short-term employee benefits, post employment benefits, other long –term employee benefits and termination benefits. There are defined all conditions for employee benefits re­co­gni­tion and treatments for recording and reporting in IAS 19.The paper is concerned with the employee benefits evaluation. The impact on the tax base is eva­lua­ted. There are the most significant types of employee benefits surveyed. They are divided into five groups with the respect to their impact on the tax base. The impact of these benefits is described from their impact on social insurance and health insurance calculation base point of view, as well.

scholarly journals Critical Examination of the Impact Accounting Ethics and Creative Accounting on the Financial Statements

2017 ◽  
Vol 10 (6) ◽  
pp. 104
Author(s):  
Adel M. Qatawneh ◽  
Atala M. Alqtish
Keyword(s):  
Mathematical Model ◽  
Statistical Analysis ◽  
Positive Impact ◽  
Financial Statements ◽  
Critical Examination ◽  
Accounting Ethics ◽  
Creative Accounting ◽  
The Impact ◽  
A Company ◽  
Profession Ethics

This study aimed to determine the impact accounting ethics and creative accounting on the financial statements in Jordan, the study importance arises from the need to recognize creative accounting and profession ethics for accountants, creative accounting can be used to manage profits, income smoothing.Earnings management occurs when accountants use judgment in financial statements and in structuring transactions to alter financial statements to either mislead some shareholders about the underlying performance of a company, sometimes to impact contractual outcomes that depend on financial reporting.To achieve the objectives of this study a questionnaire designed and distributed to the society of tax auditors and mathematical model built to link between creative accounting and accounting ethics percentage and some financial figures.The statistical analysis showed that ethics and creative accounting had a positive impact on the financial statements.

scholarly journals Valuation of defined benefit pension schemes in IAS 19 employee benefits - true and fair?

2019 ◽  
Vol 27 (1) ◽  
pp. 31-42
Author(s):  
Bridget McNally ◽  
Anne M. Garvey ◽  
Thomas O’Connor
Keyword(s):  
Design Methodology ◽  
Pension Fund ◽  
Financial Statements ◽  
Employee Benefits ◽  
Pension Scheme ◽  
Portfolio Investment ◽  
Defined Benefit ◽  
Content Type ◽  
Pension Schemes ◽  
The Impact

PurposeThis paper aims to argue that the accounting standards’ requirements for the valuation of defined benefit pension schemes in the financial statements of scheme sponsoring companies potentially produce an artificial result which is at odds with the “faithful representation” and “relevance” objectives of these standards.Design/methodology/approachThe approach is a theoretical analysis of the relevant reporting standards with the use of a practical example to demonstrate the impact where trustees adopt a hedged approach to portfolio investment.FindingsWhere a pension fund engages in asset liability matching and invests in “risk-free” assets, the term, quantity and duration/maturity of which is intended to match some or all of its scheme liabilities, the required accounting treatment potentially results in the sponsoring company’s financial statements reporting fluctuating surpluses or deficits each year which are potentially ill informed and misleading.Originality/valuePension scheme surpluses or deficits reported in the financial statements of listed companies are potentially very significant numbers; however, the dangers posed by theoretical nature of the calculation have largely gone unreported.

scholarly journals Perlakuan Akuntansi Karbon di Indonesia

2016 ◽  
Vol 17 (2) ◽  
pp. 81
Author(s):  
Monika Meliana Taurisianti ◽  
Elisabeth Penti Kurniawati
Keyword(s):  
Financial Statements ◽  
Financial Ratios ◽  
Intangible Asset ◽  
Contingent Liabilities ◽  
The Impact ◽  
A Company

<em>This research aims to understand the implementation of accounting for carbon, about how it can be measured, recognized, recorded, presentedand disclosed based on Pernyataan Standar Akuntansi (PSAK) 19, 23, 32 and 57, also the impact toward the financial ratios. The object of this study is the financial statements of an integrated timber company in Indonesia. This study has analyzed the enables account to be used to record accounting for carbon, also analyzed the impact of implementation of accounting for carbon toward the financial ratios. The results of this study are support the previous study, which intangible asset can be recognized based on PSAK 19, whereas asset and contingent liabilities can be recognized based on PSAK 57. This study also fit out the previous study, which a company can recognize its expense and other income based on PSAK 19, 23 and 32 as a basis for forestry accounting in Indonesia.</em>

scholarly journals ANALISIS TINGKAT PERPUTARAN PIUTANG USAHA TERHADAP LAPORAN ARUS KAS OPERASI PADA MANADO QUALITY HOTEL

2018 ◽  
Vol 13 (02) ◽  
Author(s):  
Sallyritna Sangka ◽  
Inggriani Elim ◽  
Stanley Kho Walandouw
Keyword(s):  
Cash Flow ◽  
Qualitative Data ◽  
Financial Statements ◽  
Accounts Receivable ◽  
Research Activities ◽  
Target Company ◽  
Operating Cash Flow ◽  
The Impact ◽  
A Company ◽  
Calculation Analysis

Cash flow is the amount of cash flowing in and out of a company within a certain period. The problem raised in this research is how the impact of receivable turnover rate to operating cash flow statement. The method used by researchers using qualitative data. The result of the research shows that the effort of account receivable billing in the year 2015-2016 the worse the billing rate of the accounts receivable and the company need activities that lead to the effort of return of receivables seriously and pay attention to credit sales in order to stay according to established procedure and calculation analysis of cash flow ratio every period necessary to assess the effectiveness of the company's financial statements. Based on the results of research activities of operating cash flow in 2015 of Rp. 2,564,064,056 which means for receivable turnover (RTO) 1.10 times that has exceeded the target company and in 2016 for operating cash flow of Rp. 2,944,637,164 which means for receivable turnover (RTO) 0.89 times so it can not reach the target company.Keywords: Accounts Receivable, Receivable Turnover, Operating Cash Flow

scholarly journals Consolidation of Specific Items of Financial Statements of Company Group: Principles, Conditions and Features

2020 ◽  
Vol 87 (4) ◽  
pp. 117-128
Author(s):  
I. M. Dmytrenko ◽  
N. V. Shaimukhometova
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Subject Area ◽  
Consolidated Financial Statements ◽  
External Auditors ◽  
Financial Reporting Standards ◽  
Economic Decision Making ◽  
Company Group ◽  
The Impact ◽  
A Company

The impact of the adequacy of the application of the basic principles, conditions and order of consolidation by a company group, to ensure the reliability of the most specific items of financial statements, is considered as a subject matter of internal and external auditors. The components of the consolidated financial statements, its structural elements, specific items and a set of necessary disclosures in the notes are distinguished on the basis of comparative analysis. The conditions for the parent company’s control as an investor over the activities of its subsidiaries as an investee for the purpose of applying the consolidation procedure are systematized. The prerequisites for ensuring the reliability of the consolidated reporting information are generalized. The characteristics of these prerequisites are given in view of the parent company’s ownership of a certain share of the net assets of the subsidiaries at the reporting date and its investments in the subsidiaries during the reporting year with their inclusion in the book value. The necessary emphasis is placed on the proper disclosure of information about all subsidiaries in accordance with the principles of financial reporting. The subject area of internal and external audit is analyzed with focus on the most specific items of the consolidated financial statements: uncontrolled interest, goodwill and intra-group transactions. The factors for minimizing the risk of distortion at the level of individual articles and the consolidated financial statements of a company group as a whole are identified. The instruments of ensuring the proper degree of completeness and reliability of disclosure in the consolidated statements of a company group in accordance with the requirements of international financial reporting standards are considered. In particular, the specificity of the disclosure of the influence of related parties on the profit, loss and financial position of the group is discussed. The pragmatic value of disclosures is determined in view of providing users with consolidated financial statements that are transparent and relevant to economic decision making.

The Role of Web Based Accounting Online System 2.0 as the Company's Income and Expense Management

2017 ◽  
Vol 1 (1) ◽  
pp. 44-49
Author(s):  
Nur Azizah ◽  
Dedeh Supriyanti ◽  
Siti Fairuz Aminah Mustapha ◽  
Holly Yang
Keyword(s):  
Financial Management ◽  
Accounting System ◽  
Bank Account ◽  
Web Based ◽  
Online System ◽  
Version 2.0 ◽  
User Friendly ◽  
The Impact ◽  
A Company

In a company, the process of income and expense of money must have a profit-generating goal base. The success of financial management within the company, can be monitored from the ability of the financial management in managing the finances and utilize all the opportunities that exist with as much as possible with the aim to control the company's cash (cash flow) and the impact of generating profits in accordance with expectations. With a web-based online accounting system version 2.0, companies can be given the ease to manage money in and out of the company's cash. It has a user friendly system with navigation that makes it easy for the financial management to use it. Starting from the creation of a company's cash account used as a cash account and corporate bank account on the system, deletion or filing of cash accounts, up to the transfer invoice creation feature, receive and send money. Thus, this system is very effective and efficient in the management of income and corporate cash disbursements.   Keywords:​Accounting Online System, Financial Management, Cash and Bank

Sign in / Sign up

Export Citation Format

Share Document