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All Journal Masterpiece Journal Society Service Insight
Fakhirah Naila Zalianty
Accounting Study Program, Muhammadiyah University of Makassar, Indonesia
Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Field Observation-Based Inventory Audit Assistance for MSME Aura Parfum to Improve Inventory Information Accuracy and Internal Control Quality Wahyuni; Reni Handayani.S; Nirwhana Yuliana Ahmad; Syahra Darajat Salsabila; Fakhirah Naila Zalianty
Masterpiece Vol. 2 No. 1 (2026): February 2026
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/mjssi.v21.558

Abstract

Inventory management is a crucial aspect of maintaining operational smoothness and enhancing internal control quality for Micro, Small, and Medium Enterprises (MSMEs). However, many MSMEs still face challenges in inventory recording, resulting in information that is not entirely accurate. This Community Service activity aimed to provide guidance on a field-observation-based inventory audit for Aura Parfum to evaluate the accuracy of inventory information and the quality of internal controls. The methods employed included internal control interviews, physical warehouse observation using a checklist, and a physical stock count (stock opname) of fourteen perfume essence samples. Data were analyzed descriptively to identify the alignment between inventory records and actual physical conditions. The results indicated that Aura Parfum had effectively implemented physical inventory controls through the segregation of storage areas, raw material labeling, temperature control, and restricted warehouse access. Nevertheless, the inventory recording system remained manual and periodic, leading to discrepancies found in three types of perfume essences during the physical stock count. These findings suggest that the discrepancies were caused more by delays in recording than by actual inventory loss. The activity resulted in recommendations to implement a perpetual inventory recording system, conduct regular physical stock counts, separate the recording of online and offline sales transactions, and establish a mechanism for monitoring supplier payments. Implementing these recommendations is expected to improve inventory information accuracy and strengthen the MSME's internal control system.
The Effect of Fixed Asset Turnover on Return on Assets in Food and Beverage Sub-sector Companies Listed on the Indonesia Stock Exchange (2021–2024) Wahyuni; Nur Syaqila; Fakhirah Naila Zalianty; Reni Handayani S; Nirwhana Yuliana Ahmad
Masterpiece Vol. 2 No. 1 (2026): February 2026
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/mjssi.v21.564

Abstract

This study examines the effect of Fixed Asset Turnover (FATO) on Return on Assets (ROA) among food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during 2021–2024. The study is motivated by inconsistent empirical findings regarding the relationship between fixed asset efficiency and corporate profitability, particularly in the food and beverage industry. A quantitative associative research design was employed using secondary data obtained from annual financial reports published by the IDX and company websites. The sample was determined using purposive sampling, resulting in eight food and beverage companies with four years of observations, yielding 32 firm-year observations. Data were analyzed using descriptive statistics, classical assumption tests, simple linear regression, t-test, F-test, and the coefficient of determination (R²) with SPSS. The results indicate that FATO has a positive but statistically insignificant effect on ROA. The regression coefficient of FATO was 0.001, with a t-value of 1.138 and a significance level of 0.264, exceeding the 0.05 threshold. Furthermore, the R² value of 0.041 indicates that FATO explains only 4.1% of the variation in ROA, while the remaining 95.9% is attributable to other factors outside the research model. These findings suggest that fixed asset utilization alone is insufficient to explain profitability in the food and beverage sub-sector. Companies should therefore strengthen broader operational efficiency, cost control, pricing strategies, and asset management to improve profitability.
Co-Authors Nirwhana Yuliana Ahmad Nur Syaqila Reni Handayani S Reni Handayani.S Syahra Darajat Salsabila Wahyuni