Journal of Applied Finance & Accounting
Journal of Applied Finance & Accounting (JAFA) showcases useful theoretical and methodological results with the support of interesting empirical applications in the area of Finance and Accounting. Purely theoretical and methodological research with the potential for important applications is also published. Articles in the journal may examine significant research questions from a broad range of perspectives including economics, sustainability, organizational studies and other theories related to accounting and finance phenomena. JAFA is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments and banking.
Articles
131 Documents
<![CDATA[AN EVALUATION OF ACCOUNTING INFORMATION SYSTEM AND DEVELOPMENT OF FINANCIAL QUATERLY REPORT (FQR) REPORTING PROCESS ]]>
<![CDATA[Muljo, Hery Harjono]]>;
<![CDATA[Wulandari, Wulandari]]>;
<![CDATA[Noerlina, Noerlina]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 10 No. 2 (2023): Publish on December 2023 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v10i2.9911
<![CDATA[This study aims to evaluate the results of the implementation of an Accounting Information System (AIS) which has been implemented by a consulting firm, focusing on the reporting processes at a Joint Venture company named Blue Water. Blue Water is an oil and gas exploration company. The evaluation method used is a Fit/Gap Analysis. The evaluation is only performed for the exploration and development stage of petroleum operations. From the results of the Fit/Gap Analysis, a gap in meeting the reporting requirements of the Indonesian Host Government (HG) was identified. Specifically, the HG requires that oil and gas contracting companies submit FQR to the Special Taskforce for Upstream Oil and Gas Business Activities, named SKK Migas. To overcome this gap, the author has constructed a business intelligence platform which extracts information from the AIS into a data model and enables reporting in the format required by the FQR. The data model also includes information which is outside the AIS. The data model is updated automatically with real-time information; it uses a powerful formula language for the analytics and uses the familiar user interface of Microsoft Excel.]]>
<![CDATA[THE EFFECT OF THE COVID-19 PANDEMIC ON THE PERFORMANCE AND STABILITY OF COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2018 – 2021 (DIFFERENT TEST) ]]>
<![CDATA[Pratama, Aldrin Yoga]]>;
<![CDATA[Arifin, Lidiyawati]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 10 No. 2 (2023): Publish on December 2023 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v10i2.9930
<![CDATA[The purpose of this study is to analyse the effect of the COVID-19 pandemic on the financial performance and stability of banking companies listed on the Indonesia Stock Exchange. The objects of research are banking companies listed on the Indonesia Stock Exchange in the period 2018 – 2021, which have experienced the impact of the pandemic, and publish their financial reports yearly. There are 46 sample data selected, through a purposive sampling technique with various criteria that have been determined, which are proxied by CAMELS analysis, according to Bank Indonesia regulations, and using secondary data as data tabulation. Model testing was carried out through the Wilcoxon Difference Test. The results showed that there was a significant difference in the average CAMELS value of 46 banking companies during the Covid-19 Pandemic, compared to before the pandemic. This finding implies many banking stakeholders in terms of maintaining their performance and enhancement of financial stability during negative shock events such as the COVID-19 pandemic.]]>
<![CDATA[ANALYSIS OF INFLUENCE OF FINANCIAL FACTORS ON CASH HOLDINGS OF NON-FINANCIAL COMPANIES ]]>
<![CDATA[Siauwijaya, Rahmat]]>;
<![CDATA[Putri, Shinta]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 11 No. 1 (2024): Publish on June 2024 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v11i1.9935
<![CDATA[This study investigates the influence of several factors on company cash holdings, including market to book ratio, net working capital, liquidity, company size, and cash flow. It utilizes a balanced panel dataset consisting of 80 non-financial companies in the property and real estate sector listed on the Indonesia Stock Exchange during the period of 2010-2021. The research sample was selected based on specific criteria, resulting in a total of 33 companies. The findings indicate that the market to book ratio variable has a significant differential impact on cash holdings between companies with high and low levels of cash holdings. Additionally, net working capital and company size also exhibit significant effects on cash holdings, while liquidity does not have a significant influence on companies with high cash holdings. These findings provide valuable insights for corporate management and financial regulators in managing company cash and making financial decisions. The practical implication underscores the importance of effective cash management and transparency in financial practices for sustainable business growth.]]>
<![CDATA[THE DETERMINANTS OF A SUCCESSFUL IMPLEMENTATION OF E-RETRIBUTION PAYMENT SYSTEM: EVIDENCE FROM SLIPI MARKET OF JAKARTA ]]>
<![CDATA[Prabowo, Ilham Condro]]>;
<![CDATA[Marwah, Syafa Kamilla]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 10 No. 2 (2023): Publish on December 2023 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v10i2.9964
<![CDATA[Payment of market retribution using E-Retribution makes it easier for traders in the market to settle their obligations. This study aims to determine the factors that influence the success of implementing E-Retribution using the Delone & Mclean IS Success Model. The present study used primary data using a questionnaire. Respondents to this study were 96 traders who used E-Retribution at Slipi Market, West Jakarta, by selecting using a purposive sampling method. The data analysis method used is PLS-SEM. The findings demonstrated that system, information, and service quality substantially impacted user satisfaction. However, system quality did not impact use, but the information and service quality significantly impacted use. After then, net benefits were significantly impacted by both use and user satisfaction.]]>
<![CDATA[THE CONCEPT OF AN ENTITY IN AN EFFORT TO SUPPORT INTERNAL CONTROL IN MSME KUNCI SOROT IN JEMBER ]]>
<![CDATA[Pramono, Olivia Falen]]>;
<![CDATA[Kusuma, Dedy Wijaya]]>;
<![CDATA[Ilmi, Mainatul]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 10 No. 2 (2023): Publish on December 2023 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v10i2.9981
<![CDATA[MSME Kunci Sorot is engaged in the film industry in Jember. The business he owns is leasing equipment needed for shooting and filmmaking. MSME Kunci Sorot are also MSMEs that have large assets by MSME standards. This causes internal control to be needed to maintain the assets owned. The research objectives are (1) an analysis of the implementation of the entity concept in the MSME Kunci Sorot and (2) an analysis of internal control in the MSME Kunci Sorot. The research method used is descriptive qualitative and uses a case study approach. The sampling technique used snowball sampling. The result of this research is that MSME Kunci Sorot still needs to fully implement the entity concept. The entity concept applied in the MSME Kunci Sorot is still very simple to record. The entity concept that has not been implemented optimally causes the applied internal control to have many weaknesses. The results of the study indicate that internal control is needed in maintaining assets owned and facilitating daily operational processes. MSMEs that tend to be simple still need internal control so that operational processes are efficient and effective.]]>
<![CDATA[THE EFFECT OF THE SIZE OF PUBLIC ACCOUNTING FIRM, PREVIOUS YEAR’S AUDIT OPINION, FINANCIAL DISTRESS, AND THE COMPANY GROWTH ONGOING CONCERN AUDIT OPINION ]]>
<![CDATA[Ayuanda, Nada]]>;
<![CDATA[Wijaya, Aurellia Deninta]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 10 No. 2 (2023): Publish on December 2023 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v10i2.10199
<![CDATA[The audit opinion has a crucial function and obligation in achieving reliable financial reports since the information used has to be accurate and dependable. This study aims to ascertain the impact of several variables on the reliability of going concern audit views, including the size of public accounting firm, previous year’s audit opinion, financial distress, and company growth. Samples used in this study include manufacturing companies and Public Accounting Firms that audited the enterprises. A purposive sampling method was used to collect secondary data for this study by looking at the independent auditor's report on the websites of the Indonesian Stock Exchange and idnfinancials.com. The data analysis method uses logistic regression using SPSS 25.0 software. According to the study's findings, going concern audit opinions are not significantly influenced by the size of the public accounting firm and company growth. Furthermore, study findings show that previous year’s audit opinion and financial distress have a significant influence on the going concern audit opinion.]]>
<![CDATA[UNDERSTANDING THE INTERPLAY OF FIRM SIZE, AUDIT FEES, AND AUDIT FIRM SIZE IN SHAPING FINANCIAL REPORT QUALITY: EMPIRICAL EVIDENCE FROM ASEAN COUNTRIES ]]>
<![CDATA[Witjaksono, Armanto]]>;
<![CDATA[Leidessya, Andrea]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 11 No. 1 (2024): Publish on June 2024 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v11i1.10806
<![CDATA[This study investigates the impact of firm size, audit fees, and audit firm size on financial report quality, along with examining variations in financial report quality across ASEAN countries. A sample of 164 manufacturing companies listed in ASEAN countries during the 2018-2021 period was selected using a purposive sampling method. Pooled data regression and Kruskal-Wallis nonparametric analysis were employed for data analysis. The findings reveal that firm size and audit fees have a significant negative influence on financial report quality, while audit firm size does not exhibit a significant effect. Furthermore, notable variations exist in the quality of financial reports among ASEAN countries. These results provide empirical evidence that auditing services alone do not enhance financial report quality, underscoring the need for practitioners, academics, and regulators to undertake necessary measures for improving the quality of companies' financial reports.]]>
<![CDATA[WASTE AND EFFLUENT DISCLOSURE: CASE STUDY OF HEALTHCARE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE ]]>
<![CDATA[Meiryani]]>;
<![CDATA[Noviantini]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 11 No. 1 (2024): Publish on June 2024 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v11i1.11131
<![CDATA[This research seeks to determine the level of information disclosure by health companies in Indonesia about their corporate social responsibility (CSR) in terms of their waste and effluent treatment based on the Global Reporting Initiative’s G4 (GRI-G4) guidelines were used as the reporting standard. The population in this study comprises healthcare companies listed on the Indonesia Stock Exchange. Samples were taken by using purposive sampling method. Content analysis was performed for the sample companies’ annual reports and financial statements for the period 2018–2020. The analysis results indicate that the level of information disclosure by health companies in Indonesia regarding their CSR in terms of their waste and effluent treatment is still low. Most companies disclose a minimal amount of information and do not comply with GRI-G4 standards; only a few companies disclose the required information in accordance with GRI-G4 standards. The results of research provide the valuable knowledge for the healthcare industry about its importance of having a good mitigation or treatment system for the B3 and non-B3 waste. Moreover, the health industry is the biggest contributors of B3 waste in Indonesia.]]>
<![CDATA[MENTAL ACCOUNTING IN PERSONAL FINANCIAL MANAGEMENT FOR YOUTH AT BETHEL INDONESIA CHURCH (GBI) MOJOPAHIT JEMBER ]]>
<![CDATA[Pramono, Amelia Felicia]]>;
<![CDATA[Kusuma, Dedy Wijaya]]>;
<![CDATA[Sari, Nurshadrina Kartika]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 11 No. 1 (2024): Publish on June 2024 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v11i1.11416
<![CDATA[This research has several objectives, namely to find out the views of the young generation of GBI Mojopahit Jember regarding the mental phenomenon of accounting and how they manage their personal finances. The phenomenon in this research is that there are offerings and tithes that must be given to the Church every month. The method used in this research is a qualitative descriptive method. The samples used in this research were 7 young people at GBI Mojopahit Jember who had the criteria of being over 20 years old and having worked for at least 1 year and were used as the subjects of this research. The data sources for this research were obtained from interviews and observations. The results of this research can be concluded that most of them do not understand accounting mentality, but without realizing it they have applied accounting mentality. in their daily life. They have carried out planning, management, recording and evaluation of their personal finances. The notes taken are not very detailed, only a rough idea. For them, mental accounting is very influential in everyday life, one of which is in making decisions when buying goods. Youth at GBI Mojopahit are advised to go back to recording your finances in detail, not just lines just big and more disciplined management of their personal finances independently as well strengthen self-control to avoid waste.]]>
<![CDATA[TAX AVOIDANCE FIRM LEVEL CHARACTERISTICS: EVIDENCE FROM INDONESIA ]]>
<![CDATA[Joachim, Hansi]]>
<![CDATA[ Journal of Applied Finance and Accounting Vol. 11 No. 1 (2024): Publish on June 2024 ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/jafa.v11i1.11533
<![CDATA[This study examined the tax avoidance characteristics among Indonesian firms. The aim of this study was to provide firm level characteristics of Indonesian public listed companies that conduct tax avoidance, while taking into accounts the scarce literature that studied IFRS adherence and audit quality towards tax avoidance. Five hypotheses were formed to test tax avoidance in Indonesia. Firm size, leverage, last year’s profitability, audit quality and IFRS adherence were selected to serve as the predictors in this research. Using 942 firm year observations from 2019-2021, this study used pooled-sample regression to document that firm size, leverage, and audit quality played a distinct role of tax avoidant companies. Firm size and leverage positively affect tax avoidance. On the other hand, audit quality significantly decrease tax avoidance. Meanwhile, IFRS adherence and profitability had no significant impact on tax avoidance. The contribution of this research was to provide recommendation to Indonesian Tax Authority and auditors to strengthen their controls over financial and tax reporting in Indonesia and provide fresh insights to fellow researchers regarding tax avoidance matters in Indonesia.]]>
