Process of analysis and design of income accounting information system (case study of PT. MARCI)

To increase the competitiveness of a company requires information, including accounting information. With a good accounting information system, it is hoped that the results of physical process efficiency, data updates and accuracy will be achieved. The system design methodology in making the system goes through the stages (1) System Survey (2) System Analysis (3) System Design (4) System Development (5) Testing (6) System Implementation (7) System maintenance. However, with limited time and funds, the researcher completed the research to the system design stage in the form of standard operating procedures (SOP). As for the conclusion, it was found that the work was still inconsistent (same work but implemented in different ways), recording errors, process delays and poor quality.The system design model that has been prepared by the researcher for the Income Accounting Information System of PT Marci consists of the following procedures: (1) order receipt (2) contract agreement (3) work process (4) billing (5) recording. Keywords: System design, accounting information system, PT MARCI

Pearls analysis to assess the health level of Hati Amboina service office (KP) Saumlaki Cooperative Credit Union (CU)

Performance measurement of Credit Union is important to do in order to improve and at the same time becomes a way of evaluating achievement in specific periods. It will show level of success of operational activities conducted and create foundation of developing strategy in the coming days. To get a clear view of a financial report, there has to be a financial performance measurement of Credit Union of Hati Amboina KP Saumlaki through financial rasio analysis named PEARLS which is identified as P (Protection), E (Effective Financial Structure), A (Asset Quality), R (Rate of Return & Cost), L (Liquidity), S (Signs of Growth). This research aims to know how healthy the finance of Credit Union of Hati Amboina KP Saumlaki from year of 2017 to 2019 using PEARLS Rasios. The research shows that Credit Union of Hati Amboina KP Saumlaki is good enough in financial health which described in many variables suit PEARLS Rasios. Overall PEARLS Rasios explains that financial condition of Credit Union Hati Amboina KP Saumlaki is healthy enough. To some rasios that fulfill no standard ideally, the Credit Union needs to find proper strategy to raise its financial performance. Keywords: Credit Unions, PEARLS,performing operations

The influence of financial ratios and companies size to predict conditions of financial distress: researches on companies listed on indonesian stock exchange for the period 2013-2017

This research aims to determine the condition of financial distress by using the Indicator Current ratio, Debt to Equity ratio, Total Assets Turn Over and company size (SIZE) measured in the natural logarithm of Total Assets.The research period was 2013-2017 by dividing 2 groups of companies, namely between companies that suffered losses and companies that did not suffer losses. Data analysis, with Descriptive, Logistic Regression testing and Independent Sample T test. The results of the research obtained that the hypothesis for Current ratio and SIZE does not match the results; Total Assets Turn Over affects bankruptcy and Debt to equity ratio has no effect on bankruptcy.From the different tests obtained results there are significant differences between the group of companies in financial distress conditions and companies that are safe.Keywords: financial distress, current ratio, debt to equity ratio, total asset turn over, size, different test T test

Impact of Working Capital and Leverage on Profitability: A Comparison between Indonesia Ulama Council Fatwa and AAOIFI Sharia Standards

Purpose – This study aims to provide empirical evidence regarding the restrictions on the sharia stock criteria, by observing the impact of working capital and leverage on the profitability of companies listed in Indonesia Sharia Stock Index. There are some differences between Indonesia Ulama Council’s fatwa and AAOIFI sharia standards regarding the restrictions on the sharia stocks, particularly on the riba based leverage compared to the total assets of the companies regarded as having sharia stocks. The objective of this paper is to compare and analyze which restrictions serves companies better.Design/methodology/approach – The research was done to companies listed in Indonesia Sharia Stock Index from 2012 until 2018. Panel data regression was applied to analyze the significance of the result. For comparison purpose of the fatwa and the AAOIFI sharia standards, samples were divided into three different groups based on the debt to assets ratio as an indicator of the riba based leverage (≤30%, 30%-45% and>45%). Variables of cash conversion cycle and debt to assets ratio are used to measure the impact of the working capital and leverage on the return on assets as indicator or profitability.Findings – The result suggests that there are differences in the impact of working capital and leverage on the profitability for the three groups of leverage. In favor of the AAOIFI sharia standards, the result of this study shows that in the group where the leverage is 30% at maximum, the profitability is not affected by the working capital and leverage of the company. Meanwhile, in the group where the leverage is more than 30%, the impact of working capital and leverage on the profitability of the company is found to be significant.Research limitations/implications – This study is limited to the companies listed in Indonesia Sharia Stock Index, with variables of cash conversion, debt to assets ratio and return on assets.Practical implications – This study provide an empirical evidence that can be used to revisit the restrictions applied by Indonesia Ulama Council regarding the sharia stocks.Originality/value – To the best of authors’ knowledge, this paper provides important findings in the sharia finance dynamic in Indonesia.Keyword working capital, leverage, profitability, sharia stocks.Paper type research paper

The Mapping Of Investor Perception On The High Financial Reporting Quality

This research mapped investor perception on high accounting information quality, particularly the accurate prediction model for future returns. The high financial reporting quality indicates the company's prospective improvement in the future under the right management. This positively affects market price fluctuation, where the investor has minimum distortion on accounting information and low risk. The obedience to accounting standards and tax regulation illustrates actual earnings in reducing agency cost's volatile movement. This study used questionnaires to gather information. The respondents were related parties with dominant influence in investment, specifically 384 samples. Through the structural equation model, the mapping of earnings quality, future market value, and dividend policy played a critical role in minimizing misleading information and improving accounting information quality. The high financial reporting quality indicates the managements' obedience in maximum implementation of regulations with continuous improvements. In this regard, the dividend policy has significantly contributed to the improvement of the earnings quality. The Decision Tree Model was used in mapping investor perception on earnings quality to estimate the high probability of a long or short position for their maximum utility. When the dividend policy is used as a mandatory indirect obligation, the management should provide high accounting information quality.

The effect of insurance premiums, claims, underwriting results, on profitability with a risk-based minimum capital ratio (RBMC) as an intervening variable in general insurance companies

This study aims to analyze factors that effect profitability (ROA) with insurance premium, claim and underwriting result as independent variabel and risk based capital ratio (MMBR) as an intervening variable on insurance companieswich operate in Indonesia from year 2011-2015. The sample selection was done by using purposive sampling method and based on predetermined criteria, then got sample which amounted to 72 companies. The data in this study was secondary data. Data processing is done by statistical analysis technique that is multiple linear regression analysis and sobel method for intervening test.The results of this study indicate that (1) Insurance premium has no effect on MMBR ratio, (2) claim insurance has a negative effect on MMBR ratio, (3) Underwriting result has positive effect on MMBR ratio, (4) Insurance premium has positive effect on profitability, (5) claim insurance has a negative effect on profitability, (6) underwriting result has positive effect on profitability, (7) MMBR ratio has positive effect on profitability, (8) premium insurance, has no indirect effect on profitability through MMBR ratio. (9) claim insurance has no indirect effect on profitability through MMBR ratio, (10) underwriting result has no indirect effect on profitability through MMBR ratio.

COMPANY SIZE, SALES GROWTH AND LEVERAGE AGAINST TAX AVOIDANCE IN PROPERTY AND REAL ESTATE COMPANIES ON THE INDONESIAN STOCK EXCHANGE FOR THE PERIOD OF 2012-2018

ABSTRACTThe difference in tax interests between companies and the government encourages companies to regulate the amount of tax burden to be paid, a strategy that is usually used by companies, namely tax avoidance, besides that the tax ratio in Indonesia has decreased from 2012-2017. This phenomenon shows that tax avoidance is still being carried out. This research aims to examine the effect of company size, sales growth, and leverage on tax avoidance in property and real estate companies listed on the IDX in the period 2012-2018. Twenty-one samples were tested with classical assumption test, using multiple regression analysis techniques. The results show that partially company size has an effect on tax avoidance, sales growth has no effect on tax avoidance and leverage has an effect on tax avoidance. Simultaneously, company size, sales growth and leverage have an effect on tax avoidance.Keywords: Leverage, Sales Growth, Tax Avoidance and Company Size

ANALYSIS OF THE FACTORS THAT AFFECT THE COMPANY'S ACCOUNTING CONSERVATISM

Accounting conservatism is a precautionary principle in financial reporting. In this principle, it slows down the recognition of revenue and accelerates the recognition of costs so as to result in lower profits and assets, as well as high costs and debt. This study aims to determine the factors that affect accounting conservatism in the Property Real Estate and Buliding Construction sector manufacturing companies listed on the IDX.The data source used in this research is secondary data. Data is sourced from audited annual reports obtained from the IDX official website, namely www.idx.co.id. The population of this research is manufacturing companies listed on the Indonesia Stock Exchange, with research samples in the Property Real Estate and Buliding Construction sector in the 2013-2017 period. The samples were determined using purposive sampling method. The method of analysis used in this research is multiple regression with the SPSS version 25 program and hypothesis testing is done using multiple linear regression method.The results of this study indicate that leverage has no effect on accounting conservatism with a significance value of 0.554. Financial distress has no effect on accounting conservatism with a value of 0.852. Meanwhile, capital intensity has an effect on accounting conservatism with a significance value of 0.000. As well as Leverage, Financial Distress, and Capital Intensity simultaneously affect accounting conservatism.

GREEN INTELLECTUAL CAPITAL CONSERVATISM EARNING MANAGEMENT, TO FUTURE STOCK RETURN AS MODERATING STOCK RETURN (Study of Mining Companies in Indonesia Listed on IDX for the Period of 2014-2019)

This study aims to analyze The Moderating Stock Rreturn of Green Intellectual Capital, Conserva- tism, and Real Earning Management on Future Stock Returns on mining companies listed on the Indo- nesia Stock Exchange Period 2014 - 2019. This type of research is quantitative research in which this research is done by explaining the results of data from the calculation of numbers that are calculated and analyzed. The analysis used in this research is regression analysis, where regression analysis esti- mates the magnitude of the coefficients resulting from a linear equation involving one independent variable to be used as a predictor of the value of the dependent variable. The results of this study indi- cate that Intellectual capital has a significant effect on future stock returns, Conservatism has a signifi- cant effect on future stock returns, Earning management has a significant effect on future stock returns, Simultaneous results Green Intellectual capital, conservatism, earning management simultaneously have an effect on future stock returns, the moderating future stock return on stock returns. These find- ings indicate that in sample companies, future stock returns on stock returns have no implications

INTERNAL CONTROL SYSTEM ANALYSIS ON ACCOUNTS RECEIVABLE IN SP CORPORATION

This study aims to identify and determine the effectiveness of the internal control of accounts receivable at SP Corporation. The problems are there are outstanding accounts receivable and at the end of 2013-2019, that accounts receivable will be written off. The main model theory used in this research is COSO to detect internal control effectiveness. This research used descriptive analysis and sign test. The conclusion based on the results of the sign test calculation showed that internal control of accounts receivable in SP Corporation is not working effectively. SP Corporation has not implemented the control environment, risk assessment, control activity, and supervision and monitoring effectively.