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All Journal Jurnal Manajemen Terapan dan Keuangan Jurnal Kawistara : Jurnal Ilmiah Sosial dan Humaniora Riset Manajemen dan Akuntansi Jurnal Akuntansi Bisnis Benefit: Jurnal Manajemen dan Bisnis KEUNIS Riset Akuntansi dan Keuangan Indonesia Jurnal Akuntansi dan Pajak Jurnal Ekonomi Pembangunan STIE Muhammadiyah Palopo Equilibrium: Jurnal Ilmiah Ekonomi, Manajemen dan Akuntansi Jurnal Akuntansi STIE Muhammadiyah Palopo Jurnal Ekonomi dan Bisnis Journal of Economic, Bussines and Accounting (COSTING) SENTRALISASI SEIKO : Journal of Management & Business Owner : Riset dan Jurnal Akuntansi EQIEN - JURNAL EKONOMI DAN BISNIS ISOQUANT : Jurnal Ekonomi, Manajemen dan Akuntansi YUME : Journal of Management Widya Balina :Jurnal Ilmu Pendidikan dan Ekonomi Journal Of Management Science (JMAS) AKUNTABILITAS: Jurnal Penelitian dan Pengembangan Akuntansi MANAJEMEN DEWANTARA Syntax Idea Journal of Economics, Business, and Government Challenges Jurnal Ilmiah Edunomika (JIE) Proceeding of National Conference on Accounting & Finance Jurnal Kesehatan Panrita Husada Community Engagement and Emergence Journal (CEEJ) Management Studies and Entrepreneurship Journal (MSEJ) Tangible Journal Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) Economics and Digital Business Review Jurnal Revenue : Jurnal Ilmiah Akuntansi JUDICIOUS: Journal of Management Jurnal Akuntansi dan Keuangan Kontemporer (JAKK) Jurnal Pendidikan Nusantara Jurnal Pendidikan Nusantara Transekonomika : Akuntansi, Bisnis dan Keuangan Jurnal Bina Bangsa Ekonomika Abdi Psikonomi Improvement: Jurnal Manajemen dan Bisnis Management Science Research Journal Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL) Prosiding University Research Colloquium Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Journal Research of Social Science, Economics, and Management PERMANA : Jurnal Perpajakan, Manajemen, dan Akuntansi Duconomics Sci-meet (Education & Economics Science Meet) Paradoks : Jurnal Ilmu Ekonomi Riset Ilmu Manajemen Bisnis dan Akuntansi Bharasumba Jurnal Multidispliner Majapahit Journal of Islamic Finance dan Management Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Majapahit Journal of Islamic Finance dan Management Riset Akuntansi dan Keuangan Indonesia Jurnal Kawistara Journal of Ekonomics, Finance, and Management Studies Jurnal Ekonomi, Manajemen, Akuntansi Seminar Nasional Pariwisata dan Kewirausahaan (SNPK)
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The Effect of Regional Original Income, General Allocation Funds, and Special Allocation Funds on Economic Growth with Capital Expenditures as a Mediating Variable Ari Setyanto; Erma Setiawati
Prosiding University Research Colloquium Proceeding of The 14th University Research Colloquium 2021: Bidang Ekonomi dan Bisnis
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh pendapatan asli daerah, dana alokasi umum, dana alokasi khusus terhadap pertumbuhan ekonomi dengan belanja modal sebagai variabel mediating Pada Kabupaten/Kota di Jawa Tengah tahun 2016-2019. Penelitian ini menggunakan pendekatan kuantitatif, dimana populasi penelitian ini adalah kabupaten/kota di Provinsi Jawa Tengah periode tahun 2016-2019. Pengambilan sampel penelitian ini menggunakan pendekatan purposive Sampling yaitu rmenggunakan seluruh populasi dengan kriteria tertentu dalam pengambilan sampelnya. Data yang digunakan dalam penelitian ini merupakan data sekunder yang diambil dari Laporan Realisasi Anggaran Kabupaten/Kota di Prorvinsi Jawa Tengah periode tahun 2016-2019 dan Laporan PRDB atau BPS. Metode analisis data yang digunakan adalah metode regresi berganda dan untuk pengujian hipotesis digunakan analisis jalur (path analysis). Hasil penelitian ini menunjukkan bahwa pendapatan asli daerah dan dana alokasi umum berpengaruh terhadap belanja modal, sedangkan dana alokasi khusus tidak berpengaruh terhadap belanja modal, pendapatan asli daerah berpengaruh terhadap pertumbuhan ekonomi, sedangkan dana alokasi umum dan dana alokasi khusus tidak berpengaruh terhadap pertumbuhan ekonomi. Belanja modal tidak terbukti dapat memediasi hubungan antara pendapatan asli daerah, dana alokasi umum, dan dana alokasi khusus terhadap pertumbuhan ekonomi.
The Effect of Accountability, Effectiveness, and Transparency Government on Regional Financial Management Ivana Diva Chrisninditya; Erma Setiawati
Prosiding University Research Colloquium Proceeding of The 14th University Research Colloquium 2021: Bidang Ekonomi dan Bisnis
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Penelitian ini bertujuan untuk menganalisis dan menguji pengaruh akuntabilitas, efektivitas, dan transparansi pemerintah terhadap pengelolaan keuangan daerah. Penelitian ini merupakan penelitian kuantitatif. Teknik pengambilan sampel yang digunakan pada penelitian ini adalah purposive sampling. Data yang digunakan pada penelitian ini merupakan data primer dengan menyebarkan kuesioner pada kelurahan di Kota Surakarta. Total sampel yang digunakan dalam penelitian ini adalah 120 responden. Metode analisis data yang digunakan adalah model regresi linier berganda dan dianalisis menggunakan program SPSS versi 25. Hasil penelitian menunjukkan bahwa variabel akuntabilitas dan transparansi bepengaruh signifikan terhadap pengelolaan keuangan daerah, sedangkan variabel efektivitas tidak berpengaruh signifikan terhadap pengelolaan keuangan daerah.
Effect of Leverage, Free cash flow, Liquidity, and Profitability on Dividend Policy (Empirical Study on LQ45 Sector Companies Listed on the Indonesia Stock Exchange 2016-2019) Linda Ayu Purwaningsih; Erma Setiawati
Prosiding University Research Colloquium Proceeding of The 14th University Research Colloquium 2021: Bidang Ekonomi dan Bisnis
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Tujian dari penelitian ini yaitu untuk menguji pengaruh leverage, free cash flow, likuiditas dan profitabilitas terhadap kebijakan deviden. penelitian ini menggunakan sampel sebanyak 67 sampel pada perusahaan sektor LQ45 yang terdaftar di Bursa Efek Indonesia pada tahun 2016-2019. Metode yang digunakan dalam penelitian ini adalah purposive sampling. Data sekunder terkait dengan variabel penelitian diperoleh dari laporan tahunan perusahaan yang dapat diunduh di website Bursa Efek Indonesia. Teknik analisis data menggunakan regresi linier berganda. Hasil penelitian ini menunjukkan variabel leverage dan likuiditas berpengaruh signifikan terhadap kebijakan deviden. Sementara untuk variabel free cash flow dan profitabilitas tidak berpengaruh terhadap kebijakan deviden.
The Effect of Regional Government's Finance Ratio to Human Development Index of Provincial Government in Indonesia Arie Vicky Galan Ramadhan; Erma Setiawati
Prosiding University Research Colloquium Proceeding of The 15th University Research Colloquium 2022: Mahasiswa (Student Paper Presentation) A
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

The abstract must be short, interesting, simple, and easy to understand without reading the entire article. Therefore, avoid jargon, abbreviations and references. In writing abstracts, the author must be accurate, use the right words, and convey the meaning of the study. A good abstract contains the problem statement and purpose, how the research is carried out (the method), the results, and concludes with a brief statement of conclusions. In the abstract keywords are also always included. Keywords are used to index an article and are the label of an article. [Century 10 pt, italic] The aim of this research is to examine the effect of Regional Government’s Finance Ratio based on the Regional Government’s Finance Report to Human Development Index that used as a measure to evaluate the regional government’s performance on the public service. The Regional Government’s Finance Ratio which used in this research is Ratio of Decentralization’s Level, Ratio of Regional’s Finance Dependency, Ratio of Regional’s Finance Autonomy, Ratio of Regional’s Real Income Effectiveness, and Ratio of Regional’s Tax Effectiveness. The researcher gets the sample by using purposive sampling to all of the provinces in Indonesia on 2016-2018. The analyzing data uses multiple linear regression analysis method by using SPSS Software and Microsoft Office Excel. The result of this research shows that Ratio of Decentralization’s level has effect to Human Development Index, meanwhile Ratio of Regional’s Finance Dependency, Ratio of Regional’s Finance Autonomy, Ratio of Regional’s Real Income Effectiveness, and Ratio of Regional’s Tax Effectiveness have no effect to Human Development Index.
ANALISIS PENGARUH TERJADINYA AUDIT DELAY PADA PERUSAHAAN SARANA DAN PRASARANA YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019-2021 CHANIA AULIA; Erma Setiawati
Eqien - Jurnal Ekonomi dan Bisnis Vol 11 No 04 (2022): EQIEN- JURNAL EKONOMI DAN BISNIS
Publisher : Sekolah Tinggi Ilmu Ekonomi DR KH EZ Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34308/eqien.v11i04.1262

Abstract

Abstract In Indonesia, the capital market has experienced a significant increase, marked by the issuance of shares to the general public by companies going public. Increased development has an impact on increasing demand for financial statement audits. The aim of this study is to analyze the effect of company size, profitability, solvency, audit committee, and earnings per share on audit delay. Case studies of facility and infrastructure companies listed on the Indonesia Stock Exchange in 2019 - 2021. The sample used in this research is infrastructure companies and infrastructure in the Property, Real Estate, and Building Construction, Building Infrastructure, Utilities dan Transportation sub-sectors on the Indonesia Stock Exchange (IDX) for the period 2019 - 2021. Simultaneous test results show that Company Size, Profitability, Solvency, Audit Committee, and Earning Per Share have a significant effect on Audit Delay in Facilities and Infrastructure Companies Listed on the Indonesia Stock Exchange in 2019 - 2021. Partially shows that Solvency has a significant negative effect on Audit Delay in Facilities and Infrastructure Companies Listed on the Indonesia Stock Exchange in 2019 - 2021. The Audit Committee has a positive effect Significant Against Delay Audit Facilities and Infrastructure Companies Listed on the Indonesia Stock Exchange in 2019 -2021. Company Size, Profitability, and Earning Per Share have no significant effect on Audit Delay in Facilities and Infrastructure Companies Listed on the Indonesia Stock Exchange in 2019 - 2021.
PENGARUH CORPORATE SOCIAL RESPONSIBILITY (CSR) DAN CORPORATE GOVERNANCE (CG) TERHADAP AGRESIVITAS PAJAK Putri Rohmatul Ummah; Erma Setiawati
Eqien - Jurnal Ekonomi dan Bisnis Vol 11 No 04 (2022): EQIEN- JURNAL EKONOMI DAN BISNIS
Publisher : Sekolah Tinggi Ilmu Ekonomi DR KH EZ Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34308/eqien.v11i04.1265

Abstract

Tax aggressiveness is a step taken by the company as a strategy to minimize the tax burden that should be paid by the company. In this study, the tax aggressiveness variable uses a proxy for the ETR value. The low value of a company's ETR illustrates that the tax aggressiveness of the company is getting higher. This study aims to determine the effect of Corporate Social Responsibility and Corporate Governance on Tax Aggressiveness using the ETR proxy. The population in this study are manufacturing companies listed on the IDX in 2018-2020. The companies that were selected as the sample after deducting several criteria were 182 company data. The results of the study provide evidence of the influence of Corporate Social Responsibility on ETR as a proxy for tax aggressiveness. Companies with a higher level of Corporate Social Responsibility , the value of ETR increases, which illustrates the lower level of tax aggressiveness carried out by the company. Keywords: Tax Aggressiveness, Corporate Social Responsibility, Corporate Governance
Analysis of CSR Disclosure, Earnings Persistency, Earnings Growth, and Business Size on Earnings Management with Institutional Ownership as a Moderating Variable (Case Study on LQ45 Companies Listed on the Indonesia Stock Exchange (IDX) 2016-2020) Erma Setiawati; Alifah Sekarningrum; Banu Witono
Riset Akuntansi dan Keuangan Indonesia Vol 7, No 2 (2022): Riset Akuntansi dan Keuangan Indonesia
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/reaksi.v7i2.21369

Abstract

Due to a lack of development, Indonesia’s border areas are often undeveloped. This research aims to determine the impact of CSR disclosure, earnings persistence, earnings growth, and business size as factors influencing earnings management in LQ45 companies listed on the Indonesia Stock Exchange (IDX) between 2016 and 2020. Multiple linear regression with SPSS 25 was employed to analyze the data. The findings disclosed that CSR disclosure, earnings persistence, and business size all impacted earnings management. However, earnings growth did not affect earnings management. Testing with the moderating variable revealed that CSR disclosure and business size, moderated by institutional ownership, influenced earnings management. Moreover, earnings persistence and earnings growth variables, moderated by institutional ownership, did not affect earnings management.
Pengaruh Struktur Modal, Ukuran Perusahaan, Profitabilitas dan Leverage Terhadap Nilai Perusahaan Rosa Milleniva Triandani; Erma Setiawati
Prosiding University Research Colloquium Proceeding of The 16th University Research Colloquium 2022: Mahasiswa (Student Paper Presentation)
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

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Abstract

Nilai perusahaan adalah persepsi investor terhadap perusahaan yang sering dikaitkan dengan harga saham, semakin tinggi harga saham akan membuat nilai perusahaan juga tinggi. Nilai perusahaan mencerminkan tingkat pengembalian investasi dari para investor. Semakin tinggi nilai perusahaan, maka investor semakin tertarik untuk melakukan investasi di perusahaan tersebut. Penelitian ini bertujuan untuk menganalisis pengaruh struktur modal, ukuran perusahaan, profitabilitas dan leverage terhadap nilai perusahaan. Penelitian ini menggunakan sampel perusahaan industri barang konsumsi yang terdaftar di Bursa Efek Indonesia periode 2017 sampai dengan 2020. Teknik pengambilan sampel menggunakan purposive sampling. Berdasarkan kriteria sampel yang diperoleh penelitian sampel sebanyak 121 perusahaan. Untuk menganalisis data menggunakan alat analisis regresi linear berganda. Hasil penelitian menunjukkan bahwa variabel struktur modal, profitabilitas dan leverage berpengaruh terhadap nilai perusahaan, sedangkan variabel ukuran perusahaan tidak berpengaruh terhadap nilai perusahaan.
Pengaruh Corporate Governance, Leverage, Ukuran Perusahaan dan Likuiditas terhadap Tax Avoidance (Penghindaran Pajak) Muhammad Ridwan Agung Patria Nagara; Erma Setiawati
Duconomics Sci-meet (Education & Economics Science Meet) Vol 2 (2022): Implementing Education and Economic Standard Throughout ASEAN Nations
Publisher : Neolectura

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1038.847 KB) | DOI: 10.37010/duconomics.v2.5910

Abstract

Penelitian ini dilakukan dengan tujuan untuk menguji dan menganalisis pengaruh kepemilikan institusional, kepemilikan manajerial, komisaris independen, komite audit, leverage, ukuran perusahaan dan likuiditas terhadap terjadinya tax avoidance yang terdaftar secara resmi di Bursa Efek Indonesia (BEI) tahun 2016-2019. Populasi yang digunakan adalah perusahaan manufaktur yang terdaftar secara resmi di Bursa Efek Indonesia (BEI) pada tahun 2016 sampai dengan tahun 2019 sebanyak 76 sampel. Pengambilan sampel dalam penelitian ini menggunakan purposive sampling. Alat analisis yang digunakan uji regresi linier berganda. hasil penelitian disimpulkan bahwa, kepemilikan manajerial dan likuiditas berpengaruh signifikan terhadap tax avoidance. Sedangkan kepemilikan institusional, komisaris independen, komite audit, leverage dan ukuran perusahaan tidak berpengaruh signifikan terhadap tax avoidance.
Pengaruh Sakpole (Sistem Administrasi Kendaraan Pajak Online) terhadap Kepatuhan Wajib Pajak Kendaraan Bermotor dengan Pemahaman Internet Sebagai Variabel Moderating Ika Damayanti; Erma Setiawati
Syntax Idea 2083-2102
Publisher : Ridwan Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/syntax-idea.v5i11.2671

Abstract

This research aims to analyze and test the influence of the Online Vehicle Tax Administration System (SAKPOLE) on Taxpayer Compliance with internet understanding as a moderating variable. This research is quantitative research. The sampling technique used in this research is simple random sampling technique. The data used in this research is primary data by distributing questionnaires to users of the Online Vehicle Tax Administration System (SAKPOLE). The total sample used in this research was 164 respondents. The data analysis method used is a multiple linear regression model and analyzed using the SPPS version 21 program. The results of the research show that internet understanding has a positive and significant effect on the relationship between SAKPOLE and taxpayer compliance. So it is concluded that internet understanding is a moderating variable in the relationship between SAKPOLE and taxpayer compliance.
Co-Authors Aflintang Wahyu Nur A’ni Agus Endro Suwarno AINAN SALSABIILAA Aini, Indah Nur Alifah Sekarningrum Alvi Rahmania Putri Amelia Romandhoni Novitasary Ameliya, Nabila Putri Andy Dwi Bayu Bawono Anida Ikhwatun Karimah Anika, Anika Aprilia Puri Astuti Apsta, Widya Ari Setyanto Arie Vicky Galan Ramadhan Arum S, Nurlita Atria Dea Permata Atria Dea Permata Aulia, Chania Aulia, Nur Farah Avika Miya Olistya Depp Avika Miya Olistya Depp BANDI Baningrum, Ratih Mar Banu Witono Banu Witono, Banu Bekti Wiji Lestari Berliana Rachma Khairunnisa Burhanudin, Cahyani Maulidya Cahyaningrum, Rasita Isnaini CHANIA AULIA Chrisninditya, Ivana Diva Conteh, Abdul Deby Ilma Aulia Deby Ilma Aulia Dendy Arda Pratama Derbi Ageng Kertaning Kalbu Devaria Aisya Setyowati Dewi Kartika Sari Dewi Sekar Tanjung Dewi Sekar Tanjung Diana Puspitasari Diana, Ulfi Dimas Bagus Maulino Wibowo Dimas Ilham Nur Rois Diyah Nurhidayati Dwianto, Agus Dyah Mutiara Fadhila Dyana Madyaratri Efendi, Ifin Aria Eni Kusumawati Eny Kusumawati Eny Kusumawati Erma Marga Rosit Erna Noviyanti Eskasari Putri Evi Dewi Kusumawati Evi Dewi Kusumawati Fadya Almira Farah Dzakiyyah Maulida Fatchan Achyani Fatma, Inanda Karina Artika Fatmaningtyas, Sastria Fauzan Fauziyyah, Fadhilah Nur Febrianti, Adilla Rahmah Fitrianingrum, Erika Fuad Hudaya Fatchan Gesti Putri Wahyudi Hanifah Uswatun Khasanah Hanun, Yuliana Hasna Hardina, Lulu Helmi, Neyla Faizza Tyasti Hestinasari, Vinka Wendi Ifin Aria Efendi Ika Damayanti IKA DAMAYANTI Inayati, Luthfiana Indah Nur Aini Indah Permata Dewi Indah Permata Sari Ines Dyah Ayu Hapsari Intan Rosiyana Ivana Diva Chrisninditya Julian, Andika Karismawati, Desi Argita Kartika, Desilis Kertaning Kalbu, Derbi Ageng Khofifah, Syeila Azizatul Kurnia Rhamadita Aryani Kurniasari, Elvira Putri Kusumawati, Berlina Lia Ramadhani Fatchan Linda Ayu Purwaningsih Lulfi, Frisca Fitriana Lulu Hardiana Lutfiana Cahya Ningrum M. Sholahuddin Mahameru Rosy Rochmatullah Marcella Aulia Dewi Marcella Aulia Dewi Maria Susila Sumartiningsih Maryunda, Monic Anastasya Maulida, Farah Dzakiyyah Mawarni, Rahma Dila Mellisa, Sefi Muchammad Azrial Akbar Muhammad Ridwan Agung Patria Nagara Mujiyati Mujiyati Mukhammad Akbar, Ashar Mutia Rida Utami Mutiara Saksono Putri Nabila Khairunnisa Nadia Farah Dina Nanda Devista Devista Naovi Aprilia Bima Safana Nashirotun Nisa Nurharjanti Nasywa Nathania Hirda Ningsih, Wiwit Indah Lestari Noer Sasongko Novi Nur Ifgayani Noviyanti, Erna Nuraisyah, Ratna Putri Nurhidayati, Diyah Nurlita Arum S Nursiam Nursiam Pardiyanto Pardiyanto Pardiyanto, Pardiyanto Pawestri, Nabila Sophia Dwita Purwaningsih, Linda Ayu Purwitasari, Afrida Putri Rohmatul Ummah Putri, Tri Asti Sari Ramadhan, Arie Vicky Galan Raslina, Galuh Ratih Mar Baningrum Ratri Nur Azizah Redhona Gevi Waluyo Putri Redhona Gevi Waluyo Putri Renata Virgina Arifin Rianida, Melycha Putri Ricky Riyanto Iksan Rima Berlian Putri Rina Trisnawati Rina Trisnawati, Ph.D Riskahayu Hermayanti Rochmatullah ., Rochmatullah Rohmah, Baety Nur Rois, Dimas Ilham Nur Roostina Nugraheni Putri Rosa Indriana, Octavia Rosa Milleniva Triandani Rosiyana, Intan Salsa Ramadina Salsabila Putri Widyadana Salvania Ayu Pramudita Saputri, Iin Nilam Sari, Nadila Afika Sari, Yulika Ambar Sayyidah Alifah Rahmani Sekarningrum, Alifah Setyanto, Ari Setyowati, Devaria Aisya Shinta Permata Sari Silvi Novita Dewi Siti Aisyah Salim Siti Asiyah Siti Asiyah Siti Nurhayati Ning Rahayu Sri Murwanti Syamsiah, Tiara Dwi Tiara Rahmawati Triandani, Rosa Milleniva Trisnawati, *Rina Triyono Triyono Ulfi Diana USWATUN HASANAH Utami, Nica Tria Wahyu Nur A’ni, Aflintang Wahyu Putra Utama Wahyu Putra Utama Wardhani, Ayu Riya Wati Tri Utami Wida Ramadhan, Adelia Ari Wijayanti, Sekar Arum Windi Febriyanti Putri Inayah Wiyadi Wiyadi Yayuk Sri Wahzuni Yuliana Hasna Hanun Zulfikar Zulfikar