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Miranti Kartika Dewi
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INDONESIA
Jurnal Akuntansi dan Keuangan Indonesia
Published by Universitas Indonesia
ISSN : 18298494     EISSN : 24069701     DOI : 10.7454/jaki
Core Subject :
JAKI aims to contribute to the development of knowledge and practice of accounting and finance by publishing theoretical and empirical research papers showcasing Indonesia as well as other emerging and developed markets. Authors are invited to submit articles that address the discourses of accounting and finance from various fields of study, such as financial accounting, public sector accounting, management accounting, Islamic accounting and financial management, auditing, capital market based accounting research, corporate governance, ethics and professionalism, corporate finance, accounting education, behavioral accounting, taxation, banking, information system, sustainability reporting, comprehensive corporate reporting, and climate change-related reporting. The contributed papers may cover the following ranges of subjects but are not limited to: - Discussion and exploration of new theory and knowledge of public, corporate and nonprofit accounting and finance - Empirical investigations providing novel and contributions substantial contributions in the above topical areas of interest - Case studies exploring accounting and finance practices are also welcome
Arjuna Subject : -
Articles 7 Documents
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Search results for , issue "Vol. 1, No. 2" : 7 Documents clear
PENGGUNAAN DISTRIBUSI LABA DALAM MENDETEKSI MANAJEMEN LABA Yulianti, Yulianti
Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2
Publisher : UI Scholars Hub

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Abstract

Discontinuities in earnings distribution have been discovered by several studies in United States and Australia. These studies examined the pooled, cross sectional distribution of earnings and found discontinuities around earnings threshold which indicates the exercise of management discretion to exceed earnings threshold. This study examines the distribution of earnings in Indonesia for two important purposes which are avoiding losses and avoiding earnings decline. The result on listed companies at the JSX during 1999 - 2002 show abnormality in earnings distribution, whereas total small profit firms are above expectations, meanwhile total small loss firms are the opposite. We didn’t find such abnormality in the distribution of earnings changes, whereas total small decrease firms in contrary are above expectations. This suggests that the most important earnings threshold for Indonesian firms is to avoid reporting losses.
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
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Abstract

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.
KARAKTERISTIK BANK LIKUIDASI DAN RESTRUKTURISASI DI INDONESIA Siswantoro, Dodik
Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2
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Abstract

Monetary crisis, which leads to unstable economic condition, has caused a number of banks being liquidated. This research is conducted by using major accounting ratios in order to identify the characteristics of liquidated and restructured banks, of which are listed in Jakarta Stock Exchange. The growth of bank industry was highly related with Paket Oktober 1988. This condition is marked by increasing number of banks, from 40 companies in 1988 to 240 companies in 1994. This research is conducted based on a three period financial information, commencing 1994 to 1996. Proven hypothesis concludes that the number of restructured banks is greater than of liquidated banks. On the other hand, the hypothesis related to leverage and gain has failed to be proven. However, the big sample that can be analyzed through boxplot may be the caused to this result.
EVIDENCE ON AUDIT COMMITTEE COMPOSITION AND AUDIT COMMITTEE EFFECTIVENESS AMONG LISTED COMPANIES IN THE JAKARTA STOCK EXCHANGE Utama, Siddharta; Leonardo Z., F
Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2
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The purpose of this study is to provide empirical on audit committee composition and audit committee effectiveness (ACE), based on a survey of audit committees of publicly listed companies in the Jakarta Stock Exchange. The study finds that the majority of the companies comply with the JSX requirement about the minimum number of audit committee member (3 persons), their independence, and their competence (finance or accounting background). However, this study finds that audit committees are not yet effective in their authority, resources, and efforts. The interaction of audit committee with external auditors is the least effective while the communication to the board of commissioners and shareholders is the most effective. The interaction of audit committee with internal auditors and monitoring on compliance are also ineffective.
APLIKASI FORMULA PENILAIAN OPSI BLACK-SCHOLES UNTUK ESTIMASI NILAI CALL OPSI INDEKS SAHAM LQ-45 DI BURSA EFEK JAKARTA Baruno, Agung; Sembel, Roy H. M.
Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2
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Abstract

The objective of this research is to investigate the applicability of the Black-Scholes Option Pricing Model (BSOPM) on options on market index at the Jakarta Stock Exchange (JSX). A simulation is conducted using actual JSX LQ-45 index data between January 1997 and April 1999. Each month, a simulated premium of a one-month call option is calculated based on BSOPM and then compared with its payoff at its maturity date. The results show that the average profit of the simulated long stock index call option is negative but not statistically significant. It means that the BSOPM, although not rejectabie statistically, cannot be applied blindly on the valuation of JSX stock index options.
EVALUASI KONSEPTUAL ATAS PSAK NO. 26 SERTA DAMPAKNYA TERHADAP SEKTOR PROPERTI Wirjolukito, Aruna
Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2
Publisher : UI Scholars Hub

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Abstract

Implementation of capitalization treatment of borrowing costs is often questioned related to the effective of accounting information presentation. So far, PSAK Indonesia had already adapted these issues taken from SFAS. About two half years later, PSAK No. 26 had been revised at mid term of January 1997, by adding some important stressing about qualifying assets. One thing to be considered in accounting treatment implementation is the false impact in the process of decision making, e.g. in [1] investment decision and [2] bias effect related to the qualitative characteristics elements like relevance and reliability. Also, capitalization tends to leave conservatism principle behind. Related to the evaluation of interest cost capitalization effect that is implemented in property sector, PSAK No. 26 do not rule strictly about which procedures to be taken. So that, every company is free to [1] use capitalized interest cost valuation calculation method needed, [2] determine the period of interest cost capitalization, [3] record interest capitalization in certain asset account, and [4] not disclose transparently, mainly requirements beyond regulations. All that things can cause presented financial report containing not only bias, but also mark-up practice in assets value, earnings management, and presentation other numbers, which tend to be over-optimistic behavior. The less strict and fair regulations also bring lending institutions in dilemma situation, because companies often hide behind the chink of such regulations. PSAK No. 26 do not support users of financial report to more understand about core business of company (especially in property sector), on the other hand it gives many chances for companies to do many malpractices.
ANALISIS RESPONSIVITAS KETAATAN EMITEN TERHADAP ATURAN BOARD GOVERNANCE: STUDI KASUS PERUSAHAAN DI BURSA EFEK JAKARTA Nuryanah, Siti
Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2
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Abstract

This study is to analyze the responsiveness of companies’ compliance with the regulation of board governance structure, authorized by Jakarta Stock Exchange (JSX). The study observes all companies that were listed in JSX in 2002. The objectives of this study are to describe the differences of the compliance responsiveness and to examine whether the asset’s size, the age of emiten listed in JSX, and the industries are the explanatory variables of the board governance structure. The study finds that the responsiveness of listed companies’ compliance categorized by the industries is significantly different. The study also finds that the responsiveness of listed companies’ compliance categorized by the asset’s size and the age of emiten listed in JSX is not significantly different. The listed companies in the banking and financial sector industry are more responsive to comply with the board governance regulation than the other listed companies in the other industries. The result of the study is consistent with some empirical studies finding that the companies’ board governance structure is because of industry factor.

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