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Journal of Accounting and Auditing
Published by Yayasan Az Zukhruf Cendikia
ISSN : -     EISSN : 30902401     DOI : https://doi.org/10.65440
Core Subject : Economy, Humanities,
Humanities Economics, Econometrics & Finance
Journal of Accounting and Auditing is a peer-reviewed academic journal that serves as a forum for the dissemination of high-quality research results and innovative ideas in the fields of accounting, auditing, and related disciplines. Published periodically through an open access system, Journal of Accounting and Auditing is committed to advancing the boundaries of knowledge by promoting intellectual rigor and encouraging collaboration between researchers, academics, and practitioners worldwide. Articles published in Yayasan Az Zukhruf Cendikia are processed entirely online. Submitted articles will be peer-reviewed by qualified National and international Reviewers. Complete information for article submission and other instructions are available in each issue. Journal of Accounting and Auditing is published annually in October, January, April, July but accepted articles will be queued in the In-Press edition before being published at the specified time.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Akuntansi
Articles 50 Documents
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Analysis of Financial Distress in the Infrastructure Sector through the Altman Z-Score Approach Brigita Puji Lestari; Nurshafikah Shaffie; Agnes Sulistiyoningsih
Journal of Accounting and Auditing Vol. 2 No. 3 (2026): April 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i3.188

Abstract

Purpose – This study aims to obtain empirical evidence regarding the effect of Operating Cash Flow and Solvency on Financial Distress. Design/methodology/approach – This   study   uses   quantitative research.  It  utilizes  secondary  data.  The  population  is  71  infrastructure sector companies listed on the Indonesia Stock Exchange between 2022 and 2024. The  sample  is 37 infrastructure sector companies listed on the Indonesia Stock Exchange between 2022 and 2024.  The total number of observations in this study is 111. The analysis technique used to test the hypotheses is multiple regression analysis using Eviews9 software Findings – The results of this study indicate that the operating cash flow variable has a negative and significant effect on financial distress. The solvency variable has  a  negative and significant effect  on  financial distress. Research limitations/implications – This study contributes to financial distress literature by providing empirical evidence from the infrastructure sector and highlights the importance of cash flow management and debt control in maintaining financial stability. JEL : M4
Determinants of Financial Distress: A Portrait of the Post-Pandemic Transportation and Logistics Sector Mario Stevando; Mahardika Shafa Azzumar
Journal of Accounting and Auditing Vol. 2 No. 3 (2026): April 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i3.192

Abstract

Purpose – This study aims to examine and analyze the relationship between Liquidity, Profitability, Firm Size, and Leverage on Financial Distress. Design/methodology/approach – This study uses quantitative data, with the sample consisting of companies in the energy, transportation, and logistics sectors listed on the Indonesia Stock Exchange (IDX) during the period 2022-2024. The analysis technique used to test the hypothesis is multiple regression analysis using e-views 9 software. Findings – The research results indicate that Liquidity, Profitability, Firm Size, and Leverage have a negative but not statistically significant relationship with financial distress. These findings suggest that increases in Liquidity, Profitability, company scale, and Leverage tend to be followed by a decrease in Financial Distress risk, but this effect is not statistically strong enough during the 2022–2024 period. This indicates that in the post-pandemic recovery period and amid high global energy volatility, conventional financial ratios have limited explanatory power in predicting financial distress in companies in the energy, transportation, and logistics sectors. Research limitations/implications – This study is limited to companies in the energy, transportation, and logistics sectors listed on the Indonesia Stock Exchange (IDX) during the 2022-2024 period and examines only Liquidity, Profitability, Firm Size, and Leverage in relation to financial distress. The practical implication of this study is that conventional financial ratios should not be relied upon as standalone indicators for predicting financial distress in these sectors. For management and investors, the findings highlight the importance of complementing financial ratio analysis with external and sector-specific factors when assessing corporate financial resilience. JEL : G32, G33, L91, L94
Influence of Intellectual Capital, Intangible Assets, Public Ownership, and Institutional Ownership on Financial Distress Kania Vera Ayu; Richad Wahyu Pratama; Ngoan Quynh Thi Nguyen
Journal of Accounting and Auditing Vol. 2 No. 3 (2026): April 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i3.195

Abstract

Purpose – This study aims to provide empirical evidence on the effect of Intellectual Capital, Intangible Assets, Public Ownership, and Institutional Ownership on Financial Distress in primary consumer sector companies listed on the Indonesia Stock Exchange. Design/methodology/approach – This study employs a quantitative research approach using secondary data from 48 primary consumer sector companies listed on the Indonesia Stock Exchange during the period 2021–2024. Financial Distress is measured using the Altman Z-Score (1995) model for non-manufacturing and emerging market firms. Hypothesis testing is conducted using logistic regression analysis with EViews 9 software. Findings – The results indicate that Intellectual Capital has a negative and statistically significant effect on Financial Distress. Intangible Assets have a positive but statistically insignificant effect on Financial Distress. Furthermore, Public Ownership has a negative and statistically significant effect on Financial Distress. Meanwhile, Institutional Ownership has a positive but statistically insignificant effect on Financial Distress. Research limitations/implications – This study is limited to the 2021–2024 period, during which incomplete financial disclosures and firm losses reduced the sample size. The findings provide practical implications for corporate managers to prioritize effective intellectual capital management and ownership structures that enhance monitoring quality. For investors and regulators, the results suggest that not all governance mechanisms—particularly institutional ownership—function effectively in reducing financial distress within the primary consumer sector, highlighting the need for improved governance practices and transparency. JEL : G32, G33, M41
Financial Stability in the Basic Material Sector: The Roles of Capital Structure and Gender Diversity Arsa Patmah; Tetiana Anatoliivna Bincharovska; Valerie Shanty
Journal of Accounting and Auditing Vol. 2 No. 3 (2026): April 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i3.204

Abstract

Purpose – This study aims to examine the effect of capital structure, inventory turnover, capital intensity, and gender diversity on financial distress. Design/methodology/approach – This study employs a quantitative approach using secondary data obtained from the annual financial statements of basic materials sector companies listed on the Indonesia Stock Exchange (IDX). The sample is selected using purposive sampling, and the data are analyzed using multiple linear regression with E-Views software. Financial distress is measured using the Altman Z-Score model, while the independent variables are measured using relevant financial ratios and gender diversity indicators. Findings – Findings – The results show that capital structure have a significant effect on financial distress. In addition, inventory turnover, capital intensity and gender diversity do not have a statistically significant effect on financial distress in basic materials sector companies during the study period Research limitations/implications – This study is limited to basic materials sector companies and the 2021–2024 observation period. Nevertheless, the findings provide insights for corporate management and investors regarding the importance of financial structure and operational efficiency in managing financial distress risk in capital-intensive industries. JEL : G33, G32, J16
Analyzing Financial Vulnerability in Indonesia's Post-Pandemic Tech and Transport Landscape Nayla Salsabila Permata Srikandi; Nisaa Ul Jannah Wahyu Mokti; Jamilah Hj Ahmad
Journal of Accounting and Auditing Vol. 2 No. 3 (2026): April 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i3.210

Abstract

Purpose – This research aims to determine the effect of sales growth, debt to asset ratio, operating cash flow, and intellectual capital on financial distress in technology as well as transportation and logistics sector companies listed on the Indonesia Stock Exchange during the post-pandemic recovery digital transformation era (2021-2024). Design/methodology/approach – This research uses quantitative data. The sample in this study were technology, transportation and logistics sector companies listed on the Indonesia Stock Exchange as many as 48 companies observed over four years, resulting in 192 firm-year observations. Financial Distress is measured using the Altman Z-Score and analyzed using panel data regression with the Random Effect Model in E-Views 9, grounded in Signaling Theory, Trade Off Theory, and the Resource-Based View. Findings – The results of this study showed that Sales Growth has a positive and statistically insignificant effect on Financial Distress (t = 0.816). Debt to Asset Ratio has a negative and statistically significant effect on Financial Distress (t = -4.322). Operating Cash Flow has a negative and statistically significant effect on Financial Distress (t = -1.897). Meanwhile, Intellectual Capital has a positive and statistically insignificant effect on Financial Distress (t = 0.222). Research limitations/implications – This study implies that companies in the technology, transportation and logistics sectors should prioritize stable operating cash flows and disciplined debt utilization to mitigate Financial Distress during the post-pandemic period. JEL : G30, G32, G33
The Influence of Environtmental Disclosure, Hedging Policy, Capital Structure and Profitability on Firm Value Florence Nightingale; Septian Afoan Gunawan; Zangiabadi
Journal of Accounting and Auditing Vol. 2 No. 4 (2026): July 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i4.187

Abstract

Objective – This study aims to obtain empirical evidence on the Influence  of Environtmental Disclosure, Hedging Policy, and Capital Structure on Firm Value with Profitability as a moderation variable. Design/methodology/approach – This study uses a type of quantitative research. The sample in this study is 42 companies in the Non-Primary Consumer Goods sector listed on the Indonesia Stock Exchange in 2022-2024. The analysis technique used to test the hypothesis was logistic regression analysis using the Eviews 9 software. Findings – The results of the study show that Environtmental Disclosure has a negative effect on Firm Value. Meanwhile, the Hedging Policy has a negative effect on Firm Value. And Capital Structure has a negative effect on Firm Value. Then, Environtmental Disclosure weakens the influence  of Profitability on Firm Value. Meanwhile, the hedging policy strengthens the influence  of Profitability on Firm Value. Meanwhile, Capital Structure strengthens the influence of Profitability on Firm Value. Limitations/Implications of Research – The first limitation of this research is the type of data used in this study, namely secondary data obtained from the annual report published by the company. However, the data obtained is incomplete because many of the companies do not upload regularly every year. Furthermore, the content of the formula is incomplete or confusing, some numbers are not stated in the financial statements. Furthermore, this study has limitations in the sample from 166 to 42 samples, as for the rest due to incomplete financial statement data and many have suffered losses. And finally, the study was conducted over a specific period of time, namely 2022-2024, so it is not possible for a long-term analysis.
The Effect of Tax Planning, Intellectual Capital, Financial Performance, and Good Corporate Governance (GCG) on Earnings Management. Rivaldo Martua; Rifkiansyah al Hafiz
Journal of Accounting and Auditing Vol. 2 No. 4 (2026): July 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i4.193

Abstract

Purpose – This research aims to analyze the influence of tax planning, intellectual capital, financial performance and Good Corporate Governance (GCG)  on profit management, in basic materials, consumer non-cyclicals, and infrastructures sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2022-2024. Design/methodology/approach – This research uses a quantitative approach with the panel data regression method. The research sample consists of 44 property and real estate companies that meet the purposive sampling criteria, resulting in 132 observations during the period 2022-2024. Data analysis using Eviews 9 software Findings – The results of the study are expected to show that tax planning, intellectual capital, financial performance and Good Corporate Governance have an influence on earnings management practices. Research limitations/implications – This research has limitations in the relatively short observation period, namely 2022-2024, and is limited to certain industrial sectors. In addition, the research only used quantitative data and did not consider non-financial factors. The implications of this research are expected to be an input for company management in improving the quality of governance as well as for regulators in strengthening supervision of financial reporting practices.
The Effect of Financial Performance, Activity Ratio, Inflation, and Exchanges Rates  On Financial Distress Risma Amalia; Bayhaqi Muhdava; Ika Amalia
Journal of Accounting and Auditing Vol. 2 No. 4 (2026): July 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i4.198

Abstract

Purpose – This research aims to obtain empirical evidence on the influence of Financial Performance, Activity Ratio, Inflation, and Exchange Rate on Financial Distress. Design/methodology/approach – This research uses a quantitative approach. The sample consists of 92 energy sector companies listed on the Indonesia Stock Exchange between 2022-2024. The analytical technique used to test the hypothesis is logistic regression analysis using Eviews 9 software. Findings – This research of this study found that Financial Performance has a positive and statistically significant effect on Financial Distress, the Activity Ratio Variable has a negative effect on Financial Distress and is statistically insignificant on Financial Distress, the Inflation Variable has a negative effect on Financial Distress and is statistically insignificant on Financial Distress, the Exchange Rate Variable has a negative effect on Financial Distress and is statistically insignificant on Financial Distress. Research limitations/implications – This research is limited to the 2022–2024 observation period and energy sector companies listed on the Indonesia Stock Exchange (IDX), and only examines financial performance, activity ratio, inflation, and exchange rate as determinants of corporate financial distress. The practical implication of this research is that the findings may serve as a reference for management and investors in assessing and anticipating corporate financial distress risk. JEL : G33, G32, E31, F31
Financial Health and Operational Risks of Indonesian Energy Corporations:A Post-Pandemic Evaluation Hanipah Hanipah; Maisarah Nabila; Mayla Nurwahidiah
Journal of Accounting and Auditing Vol. 2 No. 4 (2026): July 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i4.199

Abstract

Purpose – This study aims to examine and analyze the relationship between financial ratios, company growth, dividend policy, operating costs, and operating income on financial distress. Design/methodology/approach – This study employs quantitative data. The sample consists of energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. The hypothesis testing technique used is multiple regression analysis with the assistance of E-Views 9 software. Findings – The results indicate that financial ratios have a positive and statistically significant effect on financial distress. Company growth has a negative but statistically insignificant effect on financial distress. Dividend policy also has a negative and statistically insignificant effect on financial distress. Meanwhile, operating costs and operating income have a positive and statistically significant effect on financial distress. Research limitations/implications – This research is limited to the 2022–2024 observation period and industrial sector companies listed on the Indonesia Stock Exchange (IDX), and only examines receivable turnover, audit committee size, operating capacity, and real interest rate as determinants of corporate financial distress. The practical implication of this research is that the findings may serve as a reference for management and investors in assessing and anticipating corporate financial distress risk. JEL : G33, G32, G35, L25, D24
Factors Influencing Financial Distress In Indonesian Healthcare and Energy Companies Bella Dwimare Mamun; Ibeakamma Ugochinyere
Journal of Accounting and Auditing Vol. 2 No. 4 (2026): July 2026
Publisher : Yayasan Az Zukhruf Cendikia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65440/jaa.v2i4.201

Abstract

Purpose – This study aims to examine and analyze the relationship between Total Asset Turnover, Audit Committee Characteristics, Working Capital Turnover, and Market Ratio and the financial distress condition of companies Design/methodology/approach – This study employs a quantitative approach using a sample of healthcare and energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. Hypothesis testing is conducted using multiple regression analysis with the assistance of EViews 9 software. Findings – The results indicate that Total Asset Turnover has a positive but statistically insignificant effect on financial distress. Audit Committee Characteristics also show a positive but statistically insignificant effect on financial distress. In contrast, Working Capital Turnover has a negative and statistically significant effect on financial distress. Meanwhile, the Market Ratio has a negative but statistically insignificant effect on financial distress. Research limitations/implications – This research is limited to the observation period of 2022–2024, focusing on companies in the healthcare and energy sectors listed on the Indonesia Stock Exchange (IDX). This study examines total asset turnover, audit committee characteristics, working capital turnover, and market ratio as factors influencing corporate financial distress. The practical implication of this study is that the findings can serve as a reference for management and investors in assessing corporate financial performance and anticipating the risk of financial distress. JEL : G33, G30, M41

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