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HUBUNGAN ANTARA KONSERVATISME AKUNTANSI DENGAN KONFLIK BONDHOLDERS-SHAREHOLDERS SEPUTAR KEBIJAKAN DIVIDEN DAN PERINGKAT OBLIGASI
Sari, Dahlia
Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2
Publisher : UI Scholars Hub
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This study provides evidence on the role of accounting conservatism in debt contracting. I hypothesize that (i) there is positive association between conflicts of bondholders-shareholders over dividend policy and the use of conservative accounting (ii) there is positive association between bond ratings and the use of conservative accounting. Conflicts of bondholders-shareholders arise because of default risk in that the firm cannot pay at maturity because of having not enough net assets and this unavailability of enough net assets is caused by dividend overpayment to shareholders. The alternative solution to prevent dividend overpayment is to consistently use the conservative accounting. The conservative accounting affects earnings in that it leads to conservative earnings and reduces the possibility of earnings management by the firm. The second hypothesis which investigates the association between bonds rating and the level of conservatism based on theory that the lower the firm’s default risk, the higher the bonds rating. The firms with conservative accounting is expected to have lower default risk in that conservatism prevent dividend overpayment which cause the firm’s net asset is not enough to pay at maturity. The first model result supports the hypothesis that there is positive association between conflicts of bondholders-shareholders and the use of conservative accounting. For the second model, the result does not support the hypothesis that there is a positive association between the bonds rating and the use of conservative accounting. The association between conflicts and conservative accounting provides evidence on the role of accounting conservatism in facing conflicts over dividend policy.
MANAJEMEN LABA PADA PERUSAHAAN DENGAN PERMASALAHAN FREE CASH FLOW DAN PERAN MODERASI DARI MONITORING EKSTERNAL
Tresnaningsih, Elok
Jurnal Akuntansi dan Keuangan Indonesia Vol. 5, No. 1
Publisher : UI Scholars Hub
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This study examines whether low-growth companies with free cash flow (HFLG) will use income-increasing discretionary accruals to offset the low or negative earnings that inevitably accompany investment with negative net presents values (NPVs). Using 413 manufacturing company year observations over the period 2001-2005, the results show that there is a significantly association between HFLG and increasing discretionary accruals. This study also examines the role o f monitoring by auditors, creditors, and independent commissioners in mitigating the relation o f HFLG and income-increasing discretionary accruals. The results show that (1) monitoring by high-quality auditors and high-proportion o f independent commisioners are effective in mitigating the association o f HFLG and income- increasing discretionary accruals, which suggest that both their monitoring are more pronounced fo r HFLG firm s and (2) monitoring by high-debt creditors are effective in reducing income-increasing discretionary accruals, but their monitoring are not found to be more pronounced in HFLG firm. This result suggests that the vigilance o f creditors are more likely to increase when debt increase.
INCOME TAX GAP: KAJIAN DESKRIPTIF DAN EMPIRIS ATAS KOREKSI PAJAK DI INDONESIA
Nuryanah, Siti;
Christine, Christine
Jurnal Akuntansi dan Keuangan Indonesia Vol. 6, No. 2
Publisher : UI Scholars Hub
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Income tax could provide insights into the effectiveness o f tax policy and the role o f accounting. This paper examines the Indonesia income tax gap by focusing on accounts o f taxpayer ’s income statements frequently adjusted by tax auditors. The study also examines the reasons for these tax audit adjustments. This paper finds that the tax non-compliance can be traced into some accounts which are: 1) general and administrative costs; 2) COGS; and 3) sales. This study reveals that the main reason of the tax adjustments is due to the lack o f evidence or supporting documents. The other reasons are inadequate tax knowledge o f the taxpayers, the specific method o f tax audit which leads to different tax payable amounts according to the auditors, the absence o f arm ’s length transactions, and no proper book keeping by the tax payer. In addition, this paper finds the relationship between the taxable income difference and two factors, i.e. company’s turnover and type o f industry (manufacture/non-manufacture). The results of this study bring implications for the tax policy improvement in Indonesia and the harmonisation between tax regulations and accounting standards; and these would be the main contribution o f this study.
UJIAN SERTIFIKASI AKUNTAN PUBLIK: DETERMINAN, POLA KELULUSAN, DAN EVALUASI UJIAN
Gani, Lindawati;
Leo, Lianny
Jurnal Akuntansi dan Keuangan Indonesia Vol. 6, No. 2
Publisher : UI Scholars Hub
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This study analyzes determinants of passing the Indonesia CPA exam, whether there is any pattern ofpassing the exam, and the validity and reliability of tests. The analysis shows that sex (gender) and accounting education systems do not determine the odd ofpassing the CPA exam, however the probability to pass the exam is higher for younger test-takers and those working in public accounting firms. We also obtain the evidence of a significant pattern of passing the exam. The probability of exam takers passing in the first sitting of each subject apparently approximates the probability of test-takers passing the CPA exam. There is a diminishing probability of passing the exam as exam takers repeat. Result indicates a consistent order of passing rate shown by each subject. Audit, Financial Management- Management Accounting, and Accounting Information System are the subjects which share consistent highest passing rates, followed by Financial Accounting and Tax-Law, which show the lowest passing rate. Except for Financial Management-Management Accounting, the sampled test items do not meet the minimum scores of validity and reliability. We suggest that future research include a qualitative analysis on test items and that pre-test is conducted before test items are included in the data bank.
DAMPAK KONVERGENSI INTERNATIONAL FINANCIAL REPORTING STANDARDS TERHADAP NILAI RELEVAN INFORMASI AKUNTANSI
Suprihatin, Siti;
Tresnaningsih, Elok
Jurnal Akuntansi dan Keuangan Indonesia Vol. 10, No. 2
Publisher : UI Scholars Hub
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This study investigates whether the convergence of the International Financial Reporting Standards (IFRS) increase the value relevance of accounting information of firms listed on Indonesia Stock Exchange. This study covers periods pre-IFRS convergence and post-IFRS convergence during 2006-2011. We tested the value relevance of book value of equity and earnings in pre- and post- IFRS convergence. We find that on the beginning stage of IFRS convergence, earnings become more value-relevant whereas the book value of equity does not. Meanwhile, on the advance stage of IFRS convergence, we find book value of equity and earnings are more value-relevant. Besides that, this study also provides sensitivity analysis which revealed empirical result from a modification of model.
PERAN MEDIASI INSTITUSIONAL BUDAYA TERHADAP HUBUNGAN NILAI BUDAYA DAN PENGUNGKAPAN NILAI ISLAM
Violita, Evony Silvino;
Syakhroza, Akhmad;
Nasution, Mustafa Edwin
Jurnal Akuntansi dan Keuangan Indonesia Vol. 11, No. 2
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This study aims to analyze mediation role of cultural institutional element on the influence of societal values on the disclosure of Islamic values. The cultural institutional elements analyzed are legal system, capital market development, and human development. This research covers 102 Islamic banks for the data of 2010 to 2012 around the world. The study finds that capital market development is the only element that has mediation role on the influence of culture on the disclosure of Islamic values. The capital market development has a partial mediation role on the influence of humane orientation on the disclosure of Islamic values and does not have mediation role on the influence of other cultural dimension (social orientation, power distance, and uncertainty avoidance). The capital market development has direct influence rather than mediation role on the disclosure of Islamic values. Meanwhile, the study cannot prove that the other two elements have mediation role in the influence of culture on the disclosure of Islamic values.
SIMULASI PERGERAKAN TINGKAT BUNGA BERDASARKAN MODEL VASICEK
Shantika Martha;
Dadan Kusnandar;
Naomi N. Debataraja
EPSILON: JURNAL MATEMATIKA MURNI DAN TERAPAN Vol 9, No 2 (2015): JURNAL EPSILON VOLUME 9 NOMOR 2
Publisher : Mathematics Study Program, Faculty of Mathematics and Natural Sciences, Lambung Mangkurat
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DOI: 10.20527/epsilon.v9i2.11
Interest rate movements that change over time can be viewed as a stochastic process for continuous time. One model of interest rate movement for a continuous time is the Vasicek model. This study aims to describe the characteristics of interest rate movements based on the Vasicek model. In Vasicek model there are three parameters, k, θ, and σ. Based on the simulation result, it is seen that interest rate movement based on Vasicek model is mean reversion (tend to be around θ). The greater the value of k then the process of interest rate will be faster towards θ. While the greater the value of σ then the process will further deviate from θ.
ANALISIS PENERAPAN KEBIJAKAN BERBASIS KARAKTER SISWA DI SEKOLAH
Radia Jasra;
Rika Astuti;
Muh Irham
JURNAL MAPPESONA Vol 3, No 3 (2020)
Publisher : Institusi Agama Islam Negeri (IAIN) Bone
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Karakter siswa sangat penting dalam kegiatan pembelajaran, karena karakter siswamerupakan segi-segi latar belakang pengalaman siswa yang berpengaruh terhadapkeefektifan proses belajar. Sehingga, karakter tersebut sangat berpengaruhikeefektifan dalam proses pembelajaran. Penelitian ini bertujuan untuk menganalisispenerapan kebijakan berbasis karakter siswa di sekolah. Metode penelitian yangdipakai dalam penelitian ini adalah metode kualitatif dengan jenis penelitiandeskriptif pendekatan studi dokumen/teks.
Implementasi Sistem Informasi Desa di Kabupaten Bekasi
Abdul Shomad
JURNAL ADMINISTRASI DAN KEBIJAKAN PUBLIK Vol 8 No 2 (2018): JURNAL ADMINISTRASI DAN KEBIJAKAN PUBLIK
Publisher : Program Studi Ilmu Administrasi Negara, Fakultas Ilmu Sosial dan Ilmu Politik Universitas Islam '45 (UNISMA) Bekasi
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DOI: 10.33558/akp.v8i2.1622
The implementation of village information systems by village governance is a necessity. The obligation to implement a village information system is regulated in Law Number 6 of 2014 concerning Villages. Indeed, the village information system makes it easy for the community and other stakeholders to access village data, village development and rural development. Implementation of the roles of government, programs, and village budgets becomes transparent. The accountability of implementing the government becomes more accountable. This study intends to determine the extent of understanding of the Village Head or Village Apparatus in understanding Law No. 6 of 2014 concerning Villages and how seriously the Village Head or Village Apparatus implements the Village Information System. This study applied mix-methods/combined quantitative and qualitative with the acquisition of data through survey and in-depth interviews. The results of this study found that the application of the village information system was not fully optimal. There are still villages that do not have village data and do not give access to the community to see budgets, work programs and other village policies. In fact, it is even more ironic, there are still village officials who do not know about the Village Law, even whether they only hear the name.
The Manufacturing Properties Of Galvanised Steel Sheet With Hexagonal And Tetragonal Network Of Circle Holes
Saptono, Rahmat
Makara Journal of Technology Vol. 6, No. 1
Publisher : UI Scholars Hub
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Galvanized steel sheet of 0.8 mm in thickness was drilled with circle holes of 2.5 mm diameter and spacing arranged in tetragonal and hexagonal pattern. The manufacturing properties of specimen were studied through drawing and stretching simulative test. It was concluded from the results that, at high ratio of punch to hole diameter (40/2.5), the drawing properties (LDR) of both square and hexagonal perforated sheet were slightly lower than that of solid sheet, while hexagonal perforated showing LDR somewhat higher than the square one. The stretching properties (LDH) of sheet, however, were much lower than that of solid sheet while the hexagonal perforated exhibiting LDH lower than the square one. Provided the effi ciency factor was well defi ned, which was not effective in the present experiment, the intrinsic drawing properties might be indirectly determined through the simulative test by assuming the perforated materials as an equivalent continuum.