Apakah PT Rekayasa Industri Merekayasa Laporan Keuangan? Sebuah Analisis Menggunakan Beneish M-Score

Penelitian ini bertujuan untuk mengetahui apakah laporan keuangan PT Rekayasa Industri (Rekind) tahun 2018 terindikasi dimanipulasi atau tidak. Penelitian ini bersifat deskriptif dengan menggunakan data sekunder. Laporan keuangan komparatif Rekind tahun 2018 yang tersedia di website Rekind menjadi objek penelitian ini. Rekind mengalami kesulitan keuangan akibat perselisihan dengan PT Amara Panca Utama terkait proyek Banggai Ammonia Plant (BAP). Model Beneish M-Score digunakan untuk mengukur potensi manipulasi pada laporan keuangan. Dugaan penelitian ini adalah PT Rekayasa Industri terindikasi memanipulasi laporan keuangan tahun 2018 mengingat kesulitan keuangan yang dialami. Hasil analisis menyimpulkan bahwa berdasarkan model Beneish M-Score laporan keuangan Rekind tahun 2018 terindikasi telah dimanipulasi. Kesimpulan ini diambil berdasarkan nilai Beneish M-Score laporan keuangan Rekind tahun 2018 sebesar -1,49, lebih besar daripada nilai patokan, -2,22. Temuan ini sejalan dengan temuan Y. A. Nugroho (2017) bahwa perusahaan melakukan manipulasi laporan keuangan sebagai salah satu cara untuk memperbaiki kondisi perusahaan yang buruk akibat mengalami kesulitan keuangan dan Haq et al (2017) bahwa financial distress berpengaruh negatif terhadap integritas laporan keuangan. Terdapat dua rasio yang mengindikasikan telah dimanipulasi yaitu GMI dan TATA; tiga rasio yang mengindikasikan tidak dimanipulasi yaitu DSRI, AQI, dan SGAI; dan tiga rasio yang berada pada “grey area” yaitu SGI, DEPI, dan LVGI. This study aims to test whether there is an indication of manipulation in the financial statements of PT Rekayasa Industri (Rekind) in 2018 or not. This research is descriptive using secondary data. The object of this research is the 2018 Rekind comparative financial Report available on the Record website. Rekind has experienced financial difficulties due to disputes with PT Amara Panca Utama regarding the Project of the Banggai Ammonia Plant. The method used to measure manipulation potential is the Beneish M-Score model. Rekind allegedly conducted manipulation to "improve" financial statements in 2018 as a way out of financial difficulties that hit. The results of the analysis concluded that the account was indicated to carry out manipulation for the financial statements of 2018. This conclusion was taken based on the value of the Beneish M-score of the 2018 financial statement of -1.49, greater than the benchmark value, -222. This finding is in line with the research before which concludes that the company conducts financial statements manipulation as one way to cover the condition of a bad company due to experiencing financial difficulties and that financial distress influencing the integrity of financial statements negatively. There are two indexes that are indicated to be manipulated, namely GMI and TATA; three indexes indicated that are not manipulated, namely DSRI, AQI, and SGAI; and three indexes that are on gray area, SGI, DEPI, and LVGI.

Ammonia synthesis on the banks of the Mississippi: A molecular-planetary technology

The paper discusses the CF-industries ammonia plant in Donaldsonville, Louisiana. The plant is framed as an exemplary site from which the Anthropocene can be observed and understood. In doing so, a proposal for a “chemical cultural theory” is set out, to allow us to understand such molecular planetary technologies and interpret their (geo)historical significance. As one of the largest fertilizer plants in the world in terms of its output, and one of the largest chemical plants along the “Petrochemical Corridor,” a cluster of chemical industries situated between Baton Rouge and New Orleans, Donaldsonville typifies the relations between the nitrogen and hydrocarbon industries. Catalysis is here used both as a chemical concept and as a metaphor central to the proposed chemical cultural theory. As key to the Haber-Bosch process and refinery technologies in general, investigating the role of catalysis allows us to connect the history of the Petrochemical Corridor to that of German industrialism. This relation reveals how, from the late 19th century through to the World Wars, an ambivalent industrial co-operation between the US and Germany not only transformed local and planetary environments, it also contributed to the Anthropocene condition.