Optimizing the Life Cycle of Physical Assets through an Integrated Life Cycle Assessment Method

The purpose of this study was to apply new methods of econometric models to the Life Cycle Assessment (LCA) of physical assets, by integrating investments such as maintenance, technology, sustainability, and technological upgrades, and to propose a means to evaluate the Life Cycle Investment (LCI), with emphasis on sustainability. Sustainability is a recurrent theme of existing studies and will be a concern in coming decades. As a result, equipment with a smaller environmental footprint is being continually developed. This paper presents a method to evaluate asset depreciation with an emphasis on the maintenance investment, technology depreciation, sustainability depreciation, and technological upgrade investment. To demonstrate the value added of the proposed model, it was compared with existing models that do not take the previously mentioned aspects into consideration. The econometric model is consistent with asset life cycle plans as part of the Strategic Asset Management Plan of the Asset Management System. It is clearly demonstrated that the proposed approach is new and the results are conclusive, as demonstrated by the presented models and their results. This research aims to introduce new methods that integrate the factors of technology upgrades and sustainability for the evaluation of assets’ LCA and replacement time. Despite the increase in investment in technology upgrades and sustainability, the results of the Integrated Life Cycle Assessment First Method (ILCAM1), which represents an improved approach for the analyzed data, show that the asset life is extended, thus increasing sustainability and promoting the circular economy. By comparison, the Integrated Life Cycle Investment Assessment Method (ILCIAM) shows improved results due to the investment in technology upgrades and sustainability. Therefore, this study presents an integrated approach that may offer a valid tool for decision makers.

ANALISIS PENERAPAN AKUNTANSI PERPAJAKAN TERHADAP DEPRESIASI ASET SEWA GUNA USAHA DENGAN HAK OPSI DITINJAU DARI SUDUT PANDANG PENYEWA PADA PT. SINAR CIPTA PERSADA SEJATI

A lease is a financing activity in the form of the provision of capital goods either under a lease with a finance lease or an operating lease for use by the lessee for a specified period of time on a periodic basis. Lease do it by PT. Sinar Cipta Persada Sejati is lease with Capital Lease method. At the end of lease period, the company has authorities to buy lease asset. The purpose of this research is to know how the implementation of tax accounting to capital lease asset depreciation at PT. Sinar Cipta Persada Sejati as Lessee. This research use descriptive comparative method. The results of this research has proven that transaction of capital lease do it by PT. Sinar Cipta Persada Sejati has not applicable with tax rules, in depreciation problem the company only applied the commercial accounting rules, that is depreciation starts when the company get the capital lease asset and the basic of depreciation is the cost of the asset. The difference of commercial accounting anda tax accounting will be a fiscal correction of income taxes.Keywords: Tax Accounting, Lease, Capital Lease

Choice of Instruments of Financing of Capital Investments of the Entity

In article theoretical and practical aspects on optimization of system of capital financing for domestic enterprises are studied. The research purpose includes search of available allowances in mobilization of a net profit and fixed asset depreciation. Methods of a research are monographic, comparison, group, and the analysis, hypothetical. The author analyzed coefficients of autonomy and financing of investments for the enterprises of real production sector. Financial coefficients appeared below standard values. The author investigated average sizes of indicators across Russia and on own statistical selection consisting of 15 organizations. The author offered the concept of mobilization of own sources of financing of real investments. It includes actions for acceleration of process of forming of a depreciation fund and mobilization of a net profit of firms due to use of an investment deduction on the income tax of the organizations and a depreciation bonus.

Pengakuan, Pengukuran, Penyajian, dan Pengungkapan Biaya Limbah

This study aims to determine the application of environmental accounting on the cost of waste at PT. Cement Puger Jaya Raya Sentosa. This research is qualitative using triangulation method. Resulth is accounting practices (the recognition, measurement, presentation and disclosure) the cost of waste carried out by PT. Cement Puger Jaya Raya Sentosa almost in accordance with the Framework for the Preparation and Presentation of Financial Statements (KDPPLK) however, PT. Cement Puger Jaya Raya Sentosa yet have a complete financial statement. The financial statements are owned by PT. Cement Puger Jaya Raya Sentosa until this research still consists of report production costs, fixed asset depreciation report, and income statement. Keywords: Accounting, Environmental, Waste, Cement Factory, Report

PENGUJIAN ATAS DEBT/EQUITY HYPOTHESIS DAN SIZE HYPOTHESIS TERHADAP PEMILIHAN METODE PENYUSUTAN ASSET TETAP

This study aims to examine the debt / equity hypothesis and hypothesis size (political cost hypothesis) with a focus on fixed asset depreciation accounting method selected companies. Debt / equity hypothesis states that if the debt / equity ratio of a company is getting higher, then chances are the company to choose accounting methods that increase profitability also increased (Watts and Zimmerman, 1986). This study uses debt to equity ratio and interest coverage ratio as proxy variables to test the debt / equity hypothesis. While the size hypothesis states that the larger the company, the managers the possibility to choose accounting methods that reduce profits is also higher (Watts and Zimmerman, 1986). This study uses total assets and net income as proxy variables for company size. This study uses a logit regression to test the hypothesis. The total sample of the study was 108 company's financial statements for the year ended December 31, 2004. The results show that the debt / equity hypothesis (the interest coverage ratio as a proxy variable), and the size hypothesis (with total assets as a proxy variable) proved. Overall, the test results are consistent with previous studies. Keywords: debt/equity hypothesis, size hypothesis, logit model

Asset System Design Based on Accrual To Improvement Quality of Financial Information (A Case Study in the City of Pacitan)

Accrual-based accounting is implemented in Goverment Accounting standards now (Government Regulation No. 71 of 2010). In Regulation 71 of 2010 depreciation shall be conducted on all goods belonging to the State/Region. Therefore, asset systems are adequate to accommodate the asset depreciation. In addition, asset system is necessary because asset management of the State/Regional is not optimal according to the Financial Oversight Bodies (BPK). This reasearch aims to create a prototype system of asset system in local government with a case study on the Government Pacitan. This reasearch is able to provide a solution to the problem of assets with an adequate information system.

Implementasi Sistem Asset Manajemen Sebagai Penunjang Operasional Laboratorium Komputer

Currently most organization have assets to support operational processes. Although a number of organizations tend to use outsourcing and leasing services to organize their assets, but some organization prefer to buy their own and manage their assets with a particular reason. Asset management is not a simple job. It’s very difficult to manage assets without information systems as support media. Integrating asset management into information system can help organization to record and update the status of assets, maintenance and repair of assets, calculate asset depreciation, and asset reallocation among divisions. ABC as part of the computer laboratory at a well known University in Jakarta is currently had many problems to manage their assets. The composition of their assets consists of hardware, software, and other supporting devices. Based on these problems, the research carried out in order to solve the problem. The research perform an analysis of the process in asset management as well as to formulate and implement a model of information system that can support the management of existing assets, so that all data can be integrated and managed with the system. The method for this research is based on analysis and design of object-oriented. The result of this research is an asset management system to support operational process that can be used to control all the assets that exist in the computer laboratory Keywords: asset management, information system, computer laboratory