Article Per Year (5 Year)
p-Index From 2021 - 2026
0
P-Index
This Author published in this journals
All Journal agriTECH Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan International Research Journal of Business Studies (E-Journal) Jurnal BPPK : Badan Pendidikan dan Pelatihan Keuangan
Akhmad Makhfatih
Fakultas Ekonomika Dan Bisnis Universitas Gadjah Mada
Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Published : 5 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 5 Documents
Search

 1 
Rental Value of a Local Government Asset Using Asymmetric Valuation Difa(1), Farach; Makhfatih(2), Akhmad; Khasanah(3), Uswatun; Dwiputri*(4), Inayati Nuraini
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 1 (2019): April - July 2019
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (96.567 KB)

Abstract

This study tried to identified the market and the rental value of Grha Z as one of the local assets in Province A. This study used cost approach and income approach in valuation to obtain rental value and Net Present Value (NPV) of the building, the construction cost of a new Grha Z building, management office, home generator, and warehouse. Because of the limited information, this study valuates the asset asymmetrically. The result of the calculation produces the value of assets, taxable value assets as the basis for calculating the value of the rental assets according to Minister of Finance (MoF) Regulation 33/2012. The results showed that the rental value of local assets such as land and buildings in the area Grha Z can be increased by Regulation of Indonesian MoF Number 33/2012. It can be used as a materialconsideration in the improvement of regional asset rental agreement.Keywords: rental value, income approach, cost approach, local asset(1) Fakultas Ekonomika dan Bisnis Magister Ekonomika Pembangunan, Universitas Gadjah Mada, Indonesia(2) Fakultas Ekonomika dan Bisnis, Universitas Gadjah Mada, Indonesia(3) Fakultas Ekonomi dan Bisnis, Universitas Ahmad Dahlan Yogyakarta, Indonesia(4) Fakultas Ekonomi, Universitas Negeri Malang, Indonesia* Corresponding Author https://doi.org/10.21632/irjbs.12.1.31-39
Rental Value of a Local Government Asset Using Asymmetric Valuation Difa, Farach; Makhfatih, Akhmad; Khasanah, Uswatun; Dwiputri, Inayati Nuraini
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 1 (2019): April - July 2019
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study tried to identified the market and the rental value of Grha Z as one of the local assets in Province A. This study used cost approach and income approach in valuation to obtain rental value and Net Present Value (NPV) of the building, the construction cost of a new Grha Z building, management office, home generator, and warehouse. Because of the limited information, this study valuates the asset asymmetrically. The result of the calculation produces the value of assets, taxable value assets as the basis for calculating the value of the rental assets according to Minister of Finance (MoF) Regulation 33/2012. The results showed that the rental value of local assets such as land and buildings in the area Grha Z can be increased by Regulation of Indonesian MoF Number 33/2012. It can be used as a materialconsideration in the improvement of regional asset rental agreement.Keywords: rental value, income approach, cost approach, local asset(1) Fakultas Ekonomika dan Bisnis Magister Ekonomika Pembangunan, Universitas Gadjah Mada, Indonesia(2) Fakultas Ekonomika dan Bisnis, Universitas Gadjah Mada, Indonesia(3) Fakultas Ekonomi dan Bisnis, Universitas Ahmad Dahlan Yogyakarta, Indonesia(4) Fakultas Ekonomi, Universitas Negeri Malang, Indonesia* Corresponding Author https://doi.org/10.21632/irjbs.12.1.31-39
Pendekatan Perolehan Lahan sebagai Alternatif Mitigasi Banjir Surakarta Muhammad Chrisna Satriagasa; Akhmad Makhfatih
agriTECH Vol 39, No 3 (2019)
Publisher : Faculty of Agricultural Technology, Universitas Gadjah Mada, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (466.565 KB) | DOI: 10.22146/agritech.45797

Abstract

Surakarta City has experienced various losses due to flooding. Kali Pepe Catchment contributes to flooding that occurs in Surakarta City, mainly by upstream areas dominated by agricultural activities. Land acquisition in the upstream area of Kali Pepe Catchment for reforestation can reduce the river discharge into the downstream region of Surakarta City. This study aimed at 1) making delineation of land acquisition areas, 2) determining the amount of fair replacement value, 3) calculating the amount of river discharge reduction. Analysis of land capability using a geographic information system was used to determine the reforestation area. The fair replacement value was calculated based on the Indonesian Assessment Standard 306, by involving the physical replacement component and non-physical replacement. The amount of river discharge reduction of the Kali Pepe Catchment was calculated using a rational discharge model. The results showed that the delineation of 1.269,67 ha, which is the target of land acquisition in the upstream of the Kali Pepe Catchment, requires a replacement value of IDR 909 billion. This treatment reduced the river discharge by 139.263 lt/sec or 29.4%. River discharge reduction can be a solution in overcoming flooding problems in the downstream region of the Kali Pepe Catchment, Surakarta City.
Evaluation of Public Infrastructure: A Case of Sapon Dam Kulon Progo, Indonesia Nuni Budi Prastiwi; Akhmad Makhfatih; Inayati Nuraini Dwiputri
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 18, No 1 (2017): JEP 2017
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v18i1.3245

Abstract

One of problems in making a government’s balance sheet is to determine the value of infrastructure run by the government. It is because the infrastructure is valueless and closely similar in characteristics to public goods. In general, most researchers would use travel cost method to value government infrastructure. Yet, this method is very sensitive toward respondents’ characteristics and in many cases, it results in over estimated valuation. Meanwhile, a valuation technique using cost approach for government infrastructure reflects less its benefits and in many cases, it also tends to be undervalued.Against the aforementioned issue, this research attempted to evaluate state-owned infrastructure using a capitalization method. The object of this research was Sapon Dam located in Kulon Progo Regency, Indonesia. This dam is a state-owned asset functioned to sustain agricultural development particularly for irrigating paddies. This research was aimed at estimating the value of Sapon Dam using a capitalization method. In this method, the absence of infrastructure value was replaced with difference-in-differences analysis for proxy income.The data used in this research was secondary data which included paddy planting areas in irrigated and rain-fed fields, and also farmers’ net income. It was found that the estimated value of Sapon Dam per December 15th2015 was IDR 96,659,385,018.72. 
Faktor-faktor Risiko Fiskal dalam Penganggaran Daerah Daerah Arina Romarina; Akhmad Makhfatih
Jurnal BPPK : Badan Pendidikan dan Pelatihan Keuangan Vol 1 (2010): Jurnal BPPK (printed version)
Publisher : Badan Pendidikan dan Pelatihan Keuangan - Kementerian Keuangan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Fiscal risk refers to the chance that some unfavorable event will occur in fiscal term. It also influences the implementation of Anggaran Pendapatan dan Belanja Negara (APBN) and Anggaran Pendapatan dan Belanja Daerah (APBD) The impact of fiscal risk is on the accuracy of government financial target or imbalanced financial budgeting. The aim of this research is to identify and analyze the fiscal risk factors in local financial budgeting. Quantitative and qualitative methods are used in this research where confirmatory factor analysis is used as analitical tools. The primary data is collected from 125 respondents who are civil servant. The qualification of the respondent is the civil servant who has been ever involve in arranging local budget. The results show that there are many fiscal risk factors in local budgeting. These factors involve both external and internal aspects such as synchronization of APBD with Kebijakan Umum Anggaran (KUA) and Prioritas Plafon Anggaran Sementara (PPAS), risk management, accessibilty and transparancy, target and performance indicators, legislative and executive relations, opportunistic behaviour, moral hazard, organization management, risk anticipation, the pattern of financial planning, the financial planning lag approval, the unwritten expenses and macroeconomics conditions.
Co-Authors Arina Romarina Difa(1), Farach Difa, Farach Inayati Nuraini Dwiputri Khasanah(3), Uswatun Khasanah, Uswatun Muhammad Chrisna Satriagasa Nuni Budi Prastiwi