Analysis of Cash Flow Shenanigans on PT. Pertamina (Persero) Tbk

Natalis Christian (Universitas Internasional Batam, Indonesia)
Fiona Vinelia (Universitas Internasional Batam, Indonesia)
Juwenni Juwenni (Universitas Internasional Batam, Indonesia)
Michael Learns Tay (Universitas Internasional Batam, Indonesia)
Meliesa Chandrawati (Universitas Internasional Batam, Indonesia)

International Journal of Social Science, Education, Communication and Economics
Vol. 2 No. 2 (2023): June

Currently, In Indonesia, there are a rising number of instances of financial figures being fraudulently altered. An alleged corruption case occurred from 2009 to 2012. Where, PT Pertamina Patra Niaga entered into a non-cash fuel sale and purchase agreement with PT Asmin Koalindo Tuhup. This study aims to analyze the alleged corruption case that happened to PT Pertamina and analyze fraud cases using cash flow shenanigans. Secondary data for this study was obtained from PT Pertamina (Persero) Tbk's official website. The financial statements of the company for the years prior to, during, and following the fraud will be compared in this study to draw conclusions. The majority of the ratio proves that PT Pertamina experienced a decline in business in 2009. Where as PT. Pertamina needs more time to sell their inventoryand collect their receivable.