cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Shalihuddin
Contact Email
cvproaksara@gmail.com
Phone
+6281234566573
Journal Mail Official
cvproaksara@gmail.com
Editorial Address
Jalan Kolonel Sugiono 3C/438, Kelurahan Mergosono, Kecamatan Kedungkandang, Kota Malang, Jawa Timur 65134, Malang, Provinsi Jawa Timur
Location
Kota malang,
Jawa timur
INDONESIA
Journal of Accounting, Finance, and FinTech Advancements
Published by CV. Proaksara Global Transeduka
ISSN : -     EISSN : 31243533     DOI : https://doi.org/10.70865/jaffa
Core Subject : Economy,
Economics, Econometrics & Finance
Journal of Accounting, Finance, and FinTech Advancements (JAFFA) is an interdisciplinary publication dedicated to original research and and scholarly work in the fields related to accounting, finance, and sustainability. The journal aims to be a platform for academics, practitioners, and policy makers to explore contemporary issues related to accounting systems, financial markets, public sector governance, and technological innovations in finance and investment. JAFFA supports the development of solution-orientated scientific discourse and evidence-based policy implementation, and encourages sustainable innovation in finance and accounting. The scope of our journal includes: 1. Financial Accounting 2. Continuous Accounting 3. Management Accounting 4. Public Sector Accounting 5. Cost Accounting 6. Taxation Accounting 7. Environmental Reporting 8. Capital Markets and Investment Analysis 9. Management Accounting and Budgeting 10. Accounting Information Systems 11. Audit and Insurance 12. Taxation and Fiscal Policy 13. Blockchain and its Applications in Finance 14. Sustainable Finance and Green Investment 15. Public Sector Governance and Accountability 16. Banking and Financial Institutions 17. Digital Economy and FinTech (Financial Technology) Innovation 18. Financial Risk Management 19. Big Data Analytics in Accounting and Finance 20. Financial Regulation and Policy 21. Islamic Finance and Islamic Financial Innovation All manuscripts submitted to JAFFA should be written in English. Submissions undergo a rigorous double-blind peer review process and are published quarterly (March, June, September, December).
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Akuntansi
Articles 21 Documents
 1   2   3 
Performance Audit Evaluation in the Implementation of Good Governance in Judicial Institutions (A Case Study of the Constitutional Court) Maria Ulfah Kusuma Astuti
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 3 (2025): September
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the quality of performance audit, implementation of performance audit recommendations, and formulate an ideal concept of performance audit planning in order to strengthen the application of good governance principles at the Constitutional Court of the Republic of Indonesia. Motivated by the importance of performance audit as an instrument of supervision and enhancement of accountability of judicial institutions, particularly in constitutional case services. The research method used is a qualitative approach with a case study design. The unit of analysis in this study is the Constitutional Court of the Republic of Indonesia, with a focus on the Bureau of Law and Administration of the Registrar's Office as the unit that carries out the function of constitutional case services. Research data were obtained through in-depth interviews, documentation studies, and observation. Data analysis techniques were conducted using thematic analysis through the process of data reduction, data presentation, and drawing conclusions, and tested for validity using source and method triangulation. The study finds that while the Constitutional Court's performance audits meet established standards and yield relevant good governance recommendations, their implementation remains suboptimal. Specifically, follow-up actions, monitoring of internal evaluations, and the reinforcement of the internal supervisory apparatus require improvement. In response, the research formulates an ideal audit planning concept that is integrated, risk-based, and focused on the core constitutional case service process. These outcomes are expected to advance public sector audit scholarship and offer practical guidance for the Court to enhance its governance and service quality.
Analyzing the Impact of Financial Resources Management on Organizational Performance of Nigerian Manufacturing Sector Maxwell Smith Ogbotor
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 4 (2025): December
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i4.171

Abstract

The Nigerian manufacturing sector, despite its critical role in driving economic growth and development, continues to face persistent challenges including poor infrastructure and financial mismanagement that have contributed to its subpar performance and low employment contribution. This study explores the impact of financial resources management on organizational performance in Nigeria’s manufacturing sector, guided by the Resource-Based View (RBV) theory. Employing a qualitative research approach, secondary data was collected from reputable sources, including academic journals, industry reports, and government publications. Thematic analysis revealed that effective financial resource management is crucial for organizational performance, with key areas driving financial success including working capital management, capital structure management, and good governance. Research highlights the importance of balancing short-term assets and liabilities, managing cash flow, and optimizing funding to boost performance. Good governance promotes transparency, accountability, and effective management, positively impacting firm performance. The study concludes that adopting robust financial management strategies can enhance organizational performance, resilience, and investment capacity, ultimately driving business success and sustainability. The findings provide insights for Nigerian manufacturing firms to strengthen their financials, improve competitiveness, and build a sustainable future.
Design of an Internal Control System Evaluation Instrument Based on the COSO Framework: A Study of State Owned Insurance Ari Permana; Adam Zakaria; Ayatullah Michael Musyaffi
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 3 (2025): September
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i3.184

Abstract

The growing complexity of governance and regulatory demands in state-owned enterprises necessitates robust and measurable internal control systems to ensure accountability and long-term sustainability. This study aims to design a comprehensive internal control system evaluation instrument based on the COSO Internal Control–Integrated Framework (2013) to support governance effectiveness and organizational sustainability in state-owned social insurance enterprises. Despite regulatory requirements mandating periodic internal control evaluations, many state-owned enterprises still lack standardized and measurable evaluation tools, resulting in fragmented and partial assessments. Addressing this gap, this research develops a COSO-based evaluation instrument integrated with national governance regulations and risk maturity principles. Using a project-based research design, data were collected through triangulation methods, including interviews, observations, documentation analysis, and questionnaires involving internal auditors and employees across head office and branch units. The instrument was constructed based on five COSO components, seventeen principles, and eighty points of focus, supported by a structured scoring system to assess both the existence (present) and effectiveness (function) of internal controls. This study contributes to the literature on internal control and sustainability governance by providing a replicable and context-sensitive evaluation framework for public sector and social insurance organizations in emerging economies. Practically, the proposed instrument offers internal auditors and regulators a structured tool to enhance accountability, risk management, and long-term organizational sustainability.
The Effect of the Allowance for Impairment Losses (CKPN) and Net Interest Margin (NIM) on Profitability, with Bank Size As a Moderating Variable, in Banks Listed on the Indonesian Stock Exchange (2021-2024) Evriansyah Evriansyah; I Gusti Ketut Agung Ulupui; Ayatulloh Michael Musyaffi
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 4 (2025): December
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i4.190

Abstract

The degree to which banks generate earnings stands as a consequential barometer of the enduring viability of financial intermediation and the robustness of the monetary ecosystem as a whole. Among Indonesian depository institutions, a discernible upswing in profitability has been charted in the post-pandemic era, corroborated by a successive appreciation in Return on Assets (ROA) throughout 2021 to 2024. Notwithstanding this affirmative trajectory, the governance of credit deterioration and the calibration of net interest revenue remain persistent impediments confronting the industry. Accordingly, this inquiry is undertaken to scrutinize the extent to which the Allowance for Impairment Losses (CKPN) and Net Interest Margin (NIM) exert bearing upon ROA, with a concomitant examination of whether institutional magnitude functions as a moderating variable within these nexuses, as observed across bourseenlisted banking entities in Indonesia spanning the quadrennial interval of 2021 through 2024. Secondary data culled from the annual and financial disclosures of banking institutions constitute the empirical bedrock of this inquiry. Panel data regression serves as the principal analytical apparatus, encompassing descriptive statistics, model adjudication protocols, namely the Chow and Hausman tests,  and classical assumption diagnostics. Empirical evidence reveals that CKPN and NIM each exert a discernible bearing upon ROA. Of particular salience is the moderating comportment of institutional magnitude, which attenuates the influence of CKPN on ROA whilst concurrently amplifying that of NIM. These revelations underscore the imperativeness of judiciously equilibrating risk-contingent provisioning directives and interest margin stewardship, with due cognizance of bank scale, in perpetuating sustainable profitability.
The Effect of the Allowance for Impairment Losses (CKPN) and Net Interest Margin (NIM) on Profitability, with Bank Size As a Moderating Variable, in Banks Listed on the Indonesian Stock Exchange (2021-2024) Evriansyah, Evriansyah; Ulupui, I Gusti Ketut Agung; Musyaffi, Ayatulloh Michael
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 4 (2025): December
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i4.190

Abstract

The degree to which banks generate earnings stands as a consequential barometer of the enduring viability of financial intermediation and the robustness of the monetary ecosystem as a whole. Among Indonesian depository institutions, a discernible upswing in profitability has been charted in the post-pandemic era, corroborated by a successive appreciation in Return on Assets (ROA) throughout 2021 to 2024. Notwithstanding this affirmative trajectory, the governance of credit deterioration and the calibration of net interest revenue remain persistent impediments confronting the industry. Accordingly, this inquiry is undertaken to scrutinize the extent to which the Allowance for Impairment Losses (CKPN) and Net Interest Margin (NIM) exert bearing upon ROA, with a concomitant examination of whether institutional magnitude functions as a moderating variable within these nexuses, as observed across bourseenlisted banking entities in Indonesia spanning the quadrennial interval of 2021 through 2024. Secondary data culled from the annual and financial disclosures of banking institutions constitute the empirical bedrock of this inquiry. Panel data regression serves as the principal analytical apparatus, encompassing descriptive statistics, model adjudication protocols, namely the Chow and Hausman tests,  and classical assumption diagnostics. Empirical evidence reveals that CKPN and NIM each exert a discernible bearing upon ROA. Of particular salience is the moderating comportment of institutional magnitude, which attenuates the influence of CKPN on ROA whilst concurrently amplifying that of NIM. These revelations underscore the imperativeness of judiciously equilibrating risk-contingent provisioning directives and interest margin stewardship, with due cognizance of bank scale, in perpetuating sustainable profitability.
Impact of Internal Audit on Income Tax in Nigeria: Evidence from Anambra State Board of Internal Revenue Nneka Maureen Okeke
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 3 (2025): September
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i3.187

Abstract

Effective tax management is crucial for strengthening internally generated revenue, vital for economic growth and development; yet, tax agencies groan under myriads of challenges associated with systemic leakages, non-compliance, and loose internal controls. The research consequently investigated the relationship between internal audit functions and income tax, with evidence gathered from the Anambra State Board of Internal Revenue. It concentrated on evaluating the influence exerted by internal audit competence, internal audit independence, and the level of management support on the administration of income tax. The study adopted a survey research design, which enabled the collection of data through structured questionnaires distributed to selected board members. The hypotheses were analyzed using linear multiple regression. Results show that audit competence and audit independence have a detrimental impact on income tax performance. This implies that while auditors’ skills are necessary for identifying errors, those skills have failed to increase tax outcomes. Furthermore, it also showed that management support had no significant influence on income tax performance. This discovery signifies that managerial support, being a facilitator in internal audit functions, has zero claim on improved tax results. Based on these findings, the study advocated for the allocation of resources for the training of internal auditors in identifying revenue losses effectively. Lastly, auditor independence should be strengthened so as to enhance effective tax administration.
Role Clarity and the Accountability Paradox in the Three Lines Model: Evidence from the Indonesian Public Sector Mohammad Suharyadi Aryanto; Adam Zakaria; Marsellisa Nindito
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 3 (2025): September
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i3.201

Abstract

Public institutions in Indonesia have emphasized internal control reform, yet the role of role clarity in strengthening governance effectiveness remains underexplored. This study examines the effect of role clarity on the effectiveness of the Three Lines Model in the Indonesian public sector. The study is motivated by the need to strengthen accountability and clearly allocate responsibilities across operational, oversight, and assurance functions. Although the Three Lines Model is intended to define governance roles, empirical evidence on the contribution of role clarity remains limited.A quantitative explanatory research design was employed. Data were collected through an online questionnaire from employees involved in implementing the Three Lines Model at the Directorate General of State Assets, Ministry of Finance, Indonesia. A total of 172 valid responses were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0.The results show that role clarity does not have a statistically significant effect on the effectiveness of the Three Lines Model. This finding suggests that a clear understanding of formal responsibilities alone is insufficient to improve governance effectiveness in highly formalized public sector organizations. Governance roles may already be institutionalized through regulations and hierarchical control systems, resulting in a standardized understanding of responsibilities among employees.This study contributes to the literature by highlighting that role clarity, while essential for accountability, may not independently enhance governance effectiveness. The findings also offer practical implications by emphasizing that successful implementation of the Three Lines Model requires not only clearly defined roles but also supportive organizational practices and governance mechanisms.
Financial Development, Carbon Financing and Carbon Emissions in Sub-Saharan Africa Akunoma Onome Omena; Ogodu Christian Freeman
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 4 (2025): December
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i4.202

Abstract

Financial systems hold a dual position in that they foster economic advancement while simultaneously affecting environmental conditions, a dynamic that underscores the need to scrutinize financial development and carbon finance within the Sub-Saharan African context. This paper sets out to analyze the relationship between these two financial factors and carbon emissions in SSA, pursuing two distinct research objectives: assessing the emissions impact of financial development and determining the emissions effect of carbon financing. The investigation utilizes a panel dataset of seven SSA nations with developing capital markets, covering the years 2000 through 2023 and comprising Côte d’Ivoire, Ghana, Kenya, Mauritius, Namibia, Nigeria, and South Africa. Data originated from the World Bank Development Indicators and the IMF Financial Structure Database. Methodologically, the study applies the pooled mean group estimator based on the ARDL model, with the PCSE technique incorporated to maintain robustness despite potential cross-sectional interdependencies. Results reveal a nuanced scenario: financial depth, measured through liquidity indicators, appears to lower emissions substantially, yet both the expansion of private sector credit and the monetary value of share trading exhibit a pronounced positive association with rising carbon output. Regarding carbon financing, climate investment funds significantly affect emissions, while certified emission reduction units show no significant impact. Manufacturing value added remains the primary source of emissions in the region. The findings suggest that financial deepening can support climate sustainability if financial resources are redirected toward environmentally sustainable sectors through targeted regulations and incentives.
Analysis of Internal Audit, Whistleblowing System, and Good Corporate Governance in Fraud Prevention: The Moderating Role of Audit Quality Rananda Djulianti Melinda; Adam Zakaria; Choirul Anwar
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 4 (2025): December
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i4.204

Abstract

Advances in digital technology within the banking sector have bolstered service efficiency; however, they have likewise given rise to fraud risks of increasing complexity. Effective control mechanisms are therefore requisite to forestall fraud. This study aims to analyse the influence of internal audit, whistleblowing systems, and Good Corporate Governance (GCG) upon fraud prevention, with audit quality serving as a moderating variable, within State-Owned Enterprises (SOEs) in Indonesia’s banking sector. The study draws upon a quantitative approach, with data gathered via a questionnaire administered to 278 respondents employed within the internal audit, risk management, compliance, and corporate governance units at Bank Mandiri, BRI, BNI, and BTN. The analysis employed multiple linear regression using SPSS. The findings show that internal audit, the whistleblowing system, good corporate governance, and audit quality all have a positive and significant impact on fraud prevention. Among these, audit quality proves to be the strongest driver of effective fraud prevention. Collectively, the independent variables account for a substantial portion of fraud prevention, with an R² of 0.746, meaning the model explains 74.6 percent of the variance. These findings suggest that fortifying the internal audit function, optimising the whistleblowing system, consistently implementing Good Corporate Governance, and improving audit quality constitute key strategies for forestalling fraud within state-owned banks in the digital age.
The Effect of Leverage, Operating Cash Flow Ratio, and Total Asset Turnover on Financial Distress Risk with Operating Profit Margin as a Moderating Variable in Textile Companies in Indonesia Usman Mustofa; Rida Prihatni; Agung Dharmawan Buchdadi
Journal of Accounting, Finance, and FinTech Advancements Vol. 1 No. 4 (2025): December
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jaffa.v1i4.210

Abstract

Financial distress denotes an erosion of financial soundness that, absent timely detection, may culminate in insolvency. Indonesia’s textile and textile products industry contends with intensifying strain arising from global economic vicissitudes, escalating production outlays, and the repercussions of the COVID-19 pandemic, amplifying susceptibility to financial distress. This study scrutinises the effect of Leverage (Debt to Equity Ratio), Operating Cash Flow Ratio (OCFR), and Total Asset Turnover (TATO) on financial distress, with Operating Profit Margin (OPM) as a moderator. Employing a quantitative approach, the study draws upon secondary data from the financial statements of textile and textile product subsector firms listed on the Indonesia Stock Exchange in 2017–2025. A sample comprising 10 firms, furnishing 90 observations, was delineated through purposive sampling. Financial distress is gauged via the Grover Score, and the data are subjected to panel data regression employing the Random Effect Model (REM) with Moderated Regression Analysis (MRA). The findings disclose that Leverage exerts a significant negative effect upon the Grover Score, betokening heightened exposure to financial distress. OCFR manifests no significant effect, whereas TATO and OPM yield significant positive effects, suggesting that judicious asset utilisation and robust operating profitability attenuate financial distress risk. Moderation analysis discloses that OPM fortifies the effect of Leverage on financial distress and augments the positive nexus between TATO and the Grover Score, yet does not moderate the effect of OCFR. These findings underscore the salience of capital structure stewardship, asset efficiency, and profitability as stratagems for mitigating financial distress within Indonesia’s textile industry.

Page 2 of 3 | Total Record : 21

 1   2   3 

Filter by Year

2025 2025


Reset
Filter By Issues
All Issue Vol. 1 No. 4 (2025): December Vol. 1 No. 3 (2025): September Vol. 1 No. 2 (2025): June Vol. 1 No. 1 (2025): March