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Influence of Financial Performance on Financial Distress with Company Value as an Intervening Variable: Empirical Study of Construction Companies Listed on the Indonesian Stock Exchange 2020-2022 Sitepu, Latresia Aprilia BR; Yuliusman, Yuliusman; Kusumastuti, Ratih
International Journal of Multidisciplinary Approach Research and Science Том 2 № 03 (2024): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v2i03.927

Abstract

This research aims to determine the effect of financial performance on financial distress with company value as an intervening variable in construction companies listed on the Indonesia Stock Exchange in 2020-2022. The number of samples in this research was 19 companies with an observation period of 3 years so the total research sample was 57. The results of this research show that: (1) Financial performance has a positive and significant effect on company value. (2) Financial performance has a positive and significant effect on financial distress. (3) Company value has a negative and insignificant effect on financial distress. (4) Financial performance has a negative and insignificant effect on financial distress with company value as an intervening variable.
Influence of Environmental Social Governance (ESG), Profitability and Capital Structure on Firm Value: Study on Industrial Sector Companies Listed on the IDX for the Period 2020-2022 Mokhtar, Widad Yuliawati; Kusumastuti, Ratih; Wiralestari, Wiralestari
International Journal of Multidisciplinary Approach Research and Science Том 2 № 03 (2024): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v2i03.971

Abstract

The faster information spreads, the more important it is for companies to publicize the good and minimize problems that can harm the company's reputation and value. Environmental pollution cases and issues are the reasons why positive information is very attractive to investors. Therefore, this study aims to test (1) Does Environmental Social Governance affect firm value, (2) Does Profitability affect firm value, (3) Does Capital structure affect Firm Value and (4) Does Environmental Social Governance, profitability and Capital structure jointly affect firm value in Indonesia. In this study, the population used was industrial sector companies totaling 56 companies and those used as samples in this study were 49 companies that were consecutively listed on the Indonesia Stock Exchange for 3 years in 2020-2022. The sample of this study was determined by random sampling method. The type of research and data used is quantitative with secondary data. The analysis method used is multiple linear regression analysis and uses SPSS 26 software. The results showed that (1) Environmental Social Governance variables affect firm value, (2) Profitability variables affect firm value, (3) Capital structure affects firm value and (4) Environmental Social Governance, profitability and Capital structure together affect firm value.
Perkembangan Akuntansi Keuangan Serta Tantangan di Era Digital adin, Farhan Adin Saputra; OKta, Okta Adi Saputra; Adib, Adib Asyraf; Ratih Kusumastuti
EKALAYA : Jurnal Ekonomi Akuntansi Vol. 1 No. 2 (2023): Ekalaya : Jurnal Ekonomi Akuntansi
Publisher : CV. Kalimasada Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59966/ekalaya.v1i2.114

Abstract

Writing this article aims to find out the development of Financial Accounting as well as challenges in the digital era. Along with the increasingly complex business environment, the demands of Financial Accounting for transparency and accountability are increasing. This encourages participation and what is the role of financial accounting and what are the challenges in this digital era as the reliability of a financial report. In this article, we review several objective literature reviews as a reference for the study. This article also discusses the history of financial accounting in the world and in Indonesia, and the challenge is the lack of understanding of technology by financial managers which affects the performance and effectiveness of their positions so that people who are competent in the field of accounting may be replaced by people who are competent in the field of technology and then day.
Analisis Perencanaan Laba yang Diharapkan Menggunakan Analisis CVP Rusadi, Lia Atthahira; Somad, Tiara Risonia; Ratih Kusumastuti
EKALAYA : Jurnal Ekonomi Akuntansi Vol. 1 No. 2 (2023): Ekalaya : Jurnal Ekonomi Akuntansi
Publisher : CV. Kalimasada Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59966/ekalaya.v1i2.122

Abstract

Cost volume profit analysis (cost volume profit) is a tool in planning the profit expected by the company by connecting the links between costs, volumes, and profits of a company. While profit planning is to determine what actions the company's management will take during a certain period of time in relation to the profit target to be achieved by the company. The purpose of this research is to describe the results of the cost volume profit analysis in profit planning which is expected to use cost volume profit analysis. This research was conducted at PT. Unilever Indonesia Tbk. which have been listed on the IDX. The method used in this research is descriptive method. While the analysis used in this study is quantitative analysis in which there is a calculation of cost volume profit analysis and profit planning. This profit volume cost analysis will be analyzed using break even point analysis, margin of safety, operating leverage and profit target planning analysis. The data used comes from the 2019- 2021 profit and loss financial statements belonging to PT Unilever Indonesia Tbk. Companies that have many product variants such as PT Unilever Indonesia Tbk are suitable to use cost- volume profit analysis as the basis for planning corporate profits. The results of the study generally show that the company is able to exceed the expected profit target and exceed the break-even point, even though the value and ratio of the margin of safety decreased successively from 2019 to 2021.
Pengaruh Rasio Profitabilitas, Arus Kas, Nilai Tukar, Suku Bunga dan Inflasi Pada Financial Distress Pada Perusahan Manufaktur Agustinus Nicolas Saputra; Ratih Kusumastuti
EKALAYA : Jurnal Ekonomi Akuntansi Vol. 1 No. 1 (2023): Ekalaya : Jurnal Ekonomi Akuntansi
Publisher : CV. Kalimasada Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59966/ekalaya.v1i1.193

Abstract

This study aims to determine the effect of profitability ratios, cash flows, exchange rates, interest rates, and inflation on financialdistress in manufacturing companies. The research method used in this study includes a statistical description test, classicassumption test, multicollinearity test, heteroscedasticity test, and autocorrelation test. The results of this study can be concluded:1) Profit, cash flow, leverage, inflation and exchange rates simultaneously affect financial distress in manufacturing sectorcompanies; 2) profitability affects financial distress in manufacturing companies; 3) Cash flow affects financial distress inmanufacturing sector companies; 4) The exchange rate has an effect on financial distress in manufacturing sector companies; 5)Interest rates have no effect on financial distress in manufacturing sector companies; and 6) Inflation has no effect on financialdistress in manufacturing sector companies.
Analisis Kinerja Keuangan Berdasarkan Laporan Keuangan 2020-2022 pada Perusahaan PT Adhi Commuter Properti TBK (Studi Kasus BEI) Bangkit Hamonangan Simangunsong; Dea Agung Nugraha; Kusumastuti, Ratih
BISMA : Business and Management Journal Vol. 1 No. 02 (2023): Bisma : Business and Management Journal
Publisher : CV. Kalimasada Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59966/bisma.v1i02.137

Abstract

The research is intended to analyze the financial performance of the company PT Adhi Commuter Properti Tbk based on its financial statements. From the annual financial reports of PT Adhi Commuter Properti Tbk, data was obtained for the 2020-2022 period. The assessment used is the liquidity ratio, then profitability, ROA, and ROE. In addition, analysis of profit and revenue growth and cash flow is also carried out to evaluate the company's financial performance. The analysis was carried out to find out how PT Adhi Commuter Properti Tbk utilizes its financial resources in developing the property business and how the company gains profit in its business. This research provides insights for investors and decision makers to improve their company's financial performance and find out how PT Adhi Commuter Properti Tbk can utilize its financial resources effectively in its property business.
Pengaruh Dana Alokasi Umum, Dana Alokasi Khusus, Dan Pendapatan Asli Daerah Terhadap Pengalokasian Belanja Modal Kabupaten Bungo Tahun 2016 – 2021 Zikral, Zikral; Kusumastuti, Ratih; Zulma, Gandy Wahyu Maulana
Jurnal Maneksi (Management Ekonomi Dan Akuntansi) Vol. 13 No. 1 (2024): Maret
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v13i1.2159

Abstract

This study aims to examine the effect of the General Allocation Fund (DAU), Special Allocation Fund (DAK, and Regional Original Revenue (PAD) on Bungo Regency local government capital expenditure allocation for 2016-2021. The subject of this study is the Bungo Regency government, and the object of this study is the General Allocation Fund (DAU), Special Allocation Fund (DAK), Local Original Revenue (PAD), and Capital Expenditure Allocation. The type of data collected is quantitative data sourced from Budget Realization Reports and documents. The method used in this study is the Multiple Linear Regression test. The results showed that the General Allocation Fund (DAU), Special Allocation Fund (DAK), and Regional Original Revenue (PAD) together have a significant effect on the Capital Expenditure Allocation in Bungo Regency. Keywords: general allocation fund, special allocation fund, local original revenue.
IMPLEMENTASI SAK EMKM (STANDAR AKUNTANSI KEUANGAN ENTITAS MIKRO KECIL DAN MENENGAH) PADA LAPORAN KEUANGAN UMKM : STUDI KASUS PADA UMKM ADB JAMBI Widakso, Mochamad Badar Ranu; Ulhaq, Dhiya; Kusumastuti , Ratih
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 3 No. 2 (2023): Juni: Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v3i2.470

Abstract

To prepare financial reports, small and medium businesses usually do not follow applicable standards. Cash taken from daily cash movements is usually used in MSME financial reports. Institutions in Indonesia By issuing Micro, Small and Medium Enterprises Financial Accounting Standards (SAK EMKM), which took effect from 1 January 2018, accountants are trying to help MSMEs in this field overcome obstacles to preparing financial reports. SAK EMKM is easy to implement and the financial statements prepared according to it are prepared on an accrual basis. The purpose of this lesson is to apply the EMKM SAK in preparing the financial statements of ADB's small and medium enterprises in Jambi. Primary data obtained from documentary evidence of transactions, interviews, and direct observation were used in this study, which was conducted through a qualitative case study methodology. The results of the research are the ADB MSME financial statements in the form of statements of financial position, profit and loss statements and notes to financial statements.
PENGARUH ROI (RETURN ON INVESTMENT) DAN ROE (RETURN ON EQUITY) TERHADAP HARGA SAHAM di CIMB NIAGA PERIODE 2020-2021 Guna, Rian Adi; Fauzan, Fikri Haiqal Al; Kusumastuti, Ratih
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 3 No. 2 (2023): Juni: Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v3i2.478

Abstract

This study aims to examine the effect of ROI (Return on Investment) and ROE (Return on Equity) on share prices at CIMB Niaga during the 2018-2021 period. ROI and ROE are financial metrics used to evaluate a company's financial performance. The stock price reflects the market value of the company and is an important indicator for investors in making investment decisions. This research method uses secondary data in the form of CIMB Niaga's financial statements during the period under study. ROI, ROE, and stock price data were collected and analyzed using descriptive statistical techniques and multiple linear regression. In addition, this study also analyzes the trend of the company's financial performance during the period studied.
Activity based costing method dalam penentuan harga pokok produksi pada Industri Batik di Kota Jambi Kusumastuti, Ratih; Muhammad Ridwan; Dios Nugraha Putra
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 4 No. 8 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (280.048 KB) | DOI: 10.32670/fairvalue.v4i8.1441

Abstract

The purpose of this study was to determine the accuracy of the calculation of the cost of production of batik in the batik industry in Jambi City using the Activity Based Costing Method and to determine the difference in product costs using the Activity Based Costing Method and the system applied by the batik industry in Jambi City. The research object to be studied is the application of the Activity Based Costing Method in the batik industry in Jambi City. The population of this research is the batik industry in Jambi City. Samples were selected based on predetermined criteria. This study uses qualitative and quantitative descriptive analysis methods, namely qualitative descriptive analysis, namely explaining, summarizing various conditions and problems that arise in the object of the study. Based on what happened and compared with the actual situation on the object under study. The results showed that the Production Cost with the ABC system approach resulted in lower costs. This cost is obtained by calculating the labor cost rate and factory overhead costs. Where direct labor costs are the most significant costs in production activities. The cost calculation makes a significant difference. The cost calculation carried out by the company produces a greater cost, and has a difference for each unit of product. This is because the overhead rates have not been allocated properly. So it is necessary to calculate with a more accurate approach, namely with an alternative approach to the Activity Based Costing method so that it can produce accurate costs.
Co-Authors - Afrizal A.A. Ketut Agung Cahyawan W Abdilla Rungki P Abdilla Rungki P Abdurrahman, Rezi Abdurrohim Abdurrohim Abu Muna Almaududi Ausat Achmad Hizazi Adib, Adib Asyraf adin, Farhan Adin Saputra Adinata Kurnia Putra Adinata Kurnia Putra Adisti Wulandari Adrian Dimas Pratama Afriantoni Afriantoni Afriza, Afriza Afrizal Agnes Soukotta Agus Kurniawan Dly Agustian Zen Agustinus Nicolas Saputra Ahmad Amri Firdaus Ahmad Mukhlis, Ahmad Alfajri, Danil Alif Al Ghifari Pulungan Alika Ragnavilia Aphrodite Alvin Andika Putra Alviony Intania Andang Fazri Andi Uliyanti Andini, Sri Angelin, Devna Callista Anggraini, Atika Anisa Nainggolan Anjarsari, Putri Salsa Anjelika Denya Putri Annisa Rahmadhani Apriyanto Sinuhaji Ariny Asyhari Ariny Asyhari Arjang Arjang Arum, Enggar Diah Puspa Arya Satria Arzali Astrina, Herwinda Atar Satria F Aulia Suci Rahmadani Aurin, Rizkiza Aurya Dewitri Angel Siboro Ayudia Febrihartini Azhar Ibrahim Bambang Ismaya Bangkit Hamonangan Simangunsong Bobi Sadli Boki Anggara Cakranegara, Pandu Adi Cherlita Anjani Chintiya Mayliana Cindy Shelomita Dada Suhaida Damanik, Eva Setia Rini Danil Alfajri Dea Agung Nugraha Dea Putri Anggraini Dea Putri Anggraini Dedy Setiawan Dedy Suryadi Derist Touriano Derist Touriano Derist Touriano Derist Touriano Derist Touriano Derist Touriano Derist Touriano Desy Safitri Dewi Fitriyani Dewi Sutra Dian Octama Putra Diksi Metris Dinda Agung Trisna Dini Martinda Lestari Dion Pramudana Dios Nugraha Putra Dios Nugraha Putra Dios Nugraha Putra Dista Anggini Ditha Yolanda Ramadhani Dri Asmawanti Edgar, Gabeando Edo Agus Pratama Egi Rodlia Fitri Ekbal Santoso Eko Prasetyo Endang Fatmawati Enggar Diah P.A Erma Yani Ester Salsanabila Jipa Fadhilah, Afifah Nurul Fadila, Nazhira Farid Ardyansyah Fatmawati Fatmawati Fauzan, Fikri Haiqal Al Febrianty, Erica Febrila, Ariqo Fenni Juniati Manurung Ferinluary, Fadila Fernadi Abi Wijaya Fitri Setya Ningrum Fitriani Fitriani Fitrini Mansur Fitrini Mansur FRANCO BENONY LIMBA Fredy Olimsar FRIYANI, RITA Glisina Dwinoor Rembulan Gowon, Muhammad Guna, Rian Adi Gustina, Azira Annisa Nelya Hafiz Assiddiqi Hakima Maris Hakima Maris Hanif, Ikhdan Fatih Hanifah, Alya Hany Putri Br. Sitanggang Hari Anugrah Hasbi Ashshiddiqi Hazman Tharis Hendayana, Yomivin Varel Hendra Railis Hendri Hermawan Adinugraha Hernando, Riski I KETUT KUSUMA WIJAYA Ida Rosinta Ikhdan Fatih Hanif Ikhdan Fatih Hanif Ilham Wahyudi Imam Ripa’i Indra, Salsabila Ardelia Inggrit Syahla Octalin Irgi Sahrinra Isbul Waton Iskandar Sam Iskandar Sam Jabida Latuamury Jaiyanti Jaiyanti Jipa, Ester Salsanabila Juantara, Billy Akbar Jusmarni, Jusmarni Kartika Malika Putri Kartika Sari Khanifah, Nur Kholifah Kholifah Klemens Mere Kurnia, Triono Aries Kurniawan, Rafmil Kurniawati, Rizki Laga, Anastasya Latresia Aprilia Br. Sitepu Lestari, Rinda Lilis Wahyu Ningsih Lindawati Kartika Lismawati Livitri Sri Yunita Sari Lovia Nur Puspita Lovia Nur Puspita Lovinza Lovinza Luluq il Jannah Luluq il Jannah Lutfi Lutfi Luthfi Luthfi, Luthfi M Rapi Saputra M Rapi Saputra M. Ihsan Dacholfany M. Khairun Najmi Ali M. Rapi Saputra M. Rizal Dika Putra M. Tio Riyando M. Tio Riyando Maria Cristina Raja Maruf, Irma Rachmawati Maulana Zulma, Gandy Wahyu Mekar Meilisa Amalia Mifthahul Nurzanah Mimi Sintia Nodera Misni Erwati, Misni Mohammad Imron Mokhtar, Widad Yuliawati Muhammad Agung Soeharto Muhammad Ali Najib Muhammad Febriansyah Muhammad Firdaus Saputra Muhammad Lukman Hakim, Muhammad Lukman Muhammad Raghib Ardianto Muhammad Ridwan Muhammad Ridwan Muhammad Ridwan Muhammad Riyan Fahlefi Muhammad Syahratul Ikhsan Muhammad Syahratul Ikhsan Muhsin Muhsin Mukhzarudfa Mukhzarudfa Mukhzarudfa Mukhzarudfa Mukhzarudfa, Mukhzarudfa Mulyono S. Baskoro Musdalifa Musdalifa Muthmainah Mursidin Muthmainnah Mursidin Mutiara Kinanti Mutiara Kinanti Nada Salsabila Nany Anggriany Natasya Febrina Nazipah Putri, Wiwik Nela Safelia Nelsi Adryana Netty Herawaty NI PUTU AYU KARTIKA SARI DEWI Nico Afrizela Nieko Siregar Ningsih, Novitta Nisriinaa Faihaa Farhha Azwar Novi Rahmadani Novrianti, Ning Intan Nur Sangkut Nuridha Matiin Nurlia Nurnadia Nurohimah Nurul Tsalatsa Azizah Nurul Tsalatsa Azizah Ocha Ananda OKta, Okta Adi Saputra Ozi Saifirman S Paula Agustina Sitorus Prasetiyo, Shidiq Lanang Prasetyo, Primadi Pratama, M Aditiya Pratenta, Christian Prihastuti, Asepma Hygi Puan Maharanti Puspita, Deta Putri Afrilia Putri Amelia Mailensun PUTRI HANDAYANI Rachmani, Diah Ayu Rahayu Rahayu Rahayu Rahayu Rahma Deni Putri Haimda Rahmadina Rahmadina Rahmadina Rahmadina Rahmawati, Lailia Raja Sharah Fatricia Rani Amalia Rara Rara Reni Indah Kurnia Reni Yustien Resame Putri Retha Tesalonika S Revina Zahara Ricgo Putra Andalas Riesna Apramilda Rifal Dwi Putra Rifal Dwi Putra Rifka Lusiana Sinurat Rifki Abdul Malik Riko Mersandro Permana Rini Oktaviani Putri Riski Hernando Riszki, Riszki Riwayatiningsih, Rika Rizal Syafiie, Moh. Rizky Ramadhan Rodisna Marselin Sitompul Rts Dheby Dwi Thamara Rudy Haryanto Rusadi, Lia Atthahira Sabina Dewanda Putri Safitri, Yulia Safittri, Wahyu Sahrani Amalia Saipul Al Sukri Salman Jumaili Salman Jumaili Sam, Iskandar Sarah Sinadela Sari Dewi, Ni Putu Ayu Kartika Sari, Dwi Rahmita Sarni Handayani Puspita Sari Satyaningrum, Dewanti Dwi Sevia Pasaribu Silvy Sondari Gadzali Sintia Marselina Sintya Dame Kristin S Sitepu, Latresia Aprilia BR Siti Sarra Siti Umami Khikmah Sitorus, Paula Agustina Sitti Nur Alam Soehadi, Imam Sohabat Nasuha Solly Aryza Somad, Tiara Risonia Sri Andini Sri Devi Andriani Sri Mulyono Sri Rahayu SRI RAHAYU Sry Rosita Steven Wilsen Sudadi Suhardi Suhardi Suhardi Suhardi Sukini, Sukini SUMARIYATI, RINA RUSDIANA Sumarsid Sumarsid Suprihartini, Yayuk Surachman Surachman Suryati Suryati Susfayetti Syafira Ramadhani Syahmardi Yacob Syahputra, Hendri Syamsu Rijal Tanti Widia Nurdiani Taufiq Akbar Dewi Fidrdaus Taufiq Akbar Dewi Firdaus Tegar Zaki Hanafi Tegar Zaki Hanafi TEGAR ZAKI HANAFI Teguh Setiawan Wibowo Tiar Natalia Simarmata Tirza Venisia Sinambela Titania Nurul Haliza Tri Agil Azhari Tri Candra Anggraini Triadhi, Joko Tumiar Deliana Gultom Uju Ulhaq, Dhiya Uli Budi Yanti S Umi Hidayati Villya Marsheela Putri Vivi Indah Sari Wahyono Wahyono Wahyu Wiguna Warda Mumtaza Warda Mumtaza Wardani, Puti Wardani, Puti Nursitaning Kusuma Wasti Margaretha, Widya Wendy Wenaldo Widad Yuliawati Mokhtar Widakso, Mochamad Badar Ranu Widya Ayu C Widya Sari Wendry Windi Rahayu Setia Ningsih Wiralestari, Wiralestari Wirmie Eka Putra Wiwik Tiswiyanti Wiwik Tiswiyanti Wiwik Tiswiyanti Yeremia Lie Yono Yudi Yudi Yudi Yuliana Yuliana Yuliusman - Yuliusman Yuliusman Yumiza Aprilia Putri Zaimah Zaimah Zakwan Zahran Zikral, Zikral Zulma, Gandy Wahyu Maulana