International Conference On Accounting And Management Science 2018
PROCEEDING ISSN 2622-5670 THE INTERNATIONAL CONFERENCE ON ACCOUNTING AND MANAGEMENT SCIENCE 2018 Bogor, July 16 th & August 27th, 2018 FIRST EDITION
Here are the full book proceeding of International Conference on Accounting and Management Science 2018 - The Industrial Revolution 4.0, Readiness and Challenge for Accounting and Management Science. Held at STIE Kesatuan Bogor, July 16 th & August 27th, 2018
Intellectual Capital to Value of Business Creation Considering Previous Return on Assets
This research is based on the findings of previous studies that use variable Return on Assets in the same period as the period of the components of intellectual capital measured. In fact, the company in carrying out the components of intellectual capital refers to the previous period of Return on Assets. Therefore, this study aims to investigate the previous period of Return on Assets on the influence of the components of intellectual capital; which consists of Value Added Human Capital, Value Added Capital Employment, and Structural Capital Value Added; to the value of business creation. This study uses moderating regression analysis with panel data for the 2013-2015 period in the manufacturing industry listed on the IDX. The results, using the fixed effects model of panel data, prove that the previous period of Return on Assets weakened the positive influence of Value Added Capital Employment on the value of business creation. Keywords: Intellectual capital, Return on Asset
Copyright (c) 2018 International Conference On Accounting And Management Science 2018
Analysis of Corruptors Demography to Prevent Corruption (Study on Court Judgment at Bandung District)
Abstract. Corruption is a big problem for Indonesia. We can prevent corruption by different ways, such as identifying the perpetrator of corruption, and also by making demographic perpetrators of corruption. By recognizing the perpetrators of corruption, prevention is expected to be more effective and efficient. Corruption in the Reformation era tended to spread in different regions as decentralization by the government. Therefore, regional based profile is needed, because the tendency of corruption in a region can be different from other regions. This study is developed a demographic of corruptor by conducting a case study on Court Judgment at Bandung District on some corruption cases that occurred in West Java. Nevertheless, there are some cases outside of West Java. The profile of corrupt perpetrators in West Java, is aimed to support the corruption prevention in West Java distinct effectively. This research is conducted by carrying out documentation of the Court Judgment at Bandung District on corruptions in order to produce corruptor demographic covering gender, age, education background, type of job, financial losses of corruption, and general description of corruption behavior. The result of this research is that some of the criminal acts of corruption are done together. Based on genders, the majority of perpetrators of corruptions are male. But in average losses, women and men have average equal losses. In terms of age, the majority of corrupt perpetrators are in productive age. Older corruptors have a tendency to generate higher losses. In terms of education, the majority of perpetrators of corruption have higher education and the higher education of corrupt perpetrators, the higher losses of their corruption. In term of type of job, majority of corrupt perpetrators are government employees and other public servants such as headman of village and member of regional house of representative. Keywords: Corruption, Demography, Fraud, Prevention
The Effect of The Size of The Audit Committee, Leverage, Company Size and Institutional Ownership on Corporate Social Responsibility Disclosure
Abstract. Issues about corporate social responsibility disclosure (CSRD) have developed rapidly and widely. Researches on social responsibility disclosure (CSRD) produce different findings. This study aims to explain the effect of audit committee size, leverage, firm size and institutional ownership on corporate social responsibility disclosures. The population in this study are Real Estate and Property companies listed on the Indonesia Stock Exchange from 2014 to 2016 and have reported their CSR disclosure activities. There are 159 samples based on purposive sampling method. This study uses multiple linear regression analysis and t test methods. The results showed that the variable size of the audit committee, leverage, and company size had a positive influence on corporate social responsibility disclosure while institutional ownership variables had a negative influence on corporate social responsibility disclosure. Keywords: Size of audit committee, leverage, size of institutional ownership, disclosure of corporate social responsibility.
Factors Affecting the Internet Financial Reporting (IFR) at Manufacturing Industry in Indonesia
Abstract. The purpose of this research is to analyze the effect of the company's size (SIZE), profitability short-term (S/T), the profitability of the medium (M/T), long-term profitability (L/T), corporate governance (TATK) and age listings (AGE) against internet financial reporting (IFR). This research using a sample of 57 manufacturing companies listed on the Indonesia stock exchange (IDX) 2013-2015. This research uses research methods, namely quantitative approach. Data analysis using logistic regression test with Eviews program. Based on the results of hypothesis testing simultaneously shows that SIZE, S/T, f/T, L/T, TATK and AGE has an impact on internet financial reporting. While the results of hypothesis testing partially S/T, f/T, L/T, TATK and AGE has no significant influence against internet financial reporting, but the SIZE has significant influence against internet financial reporting. Keywords : internet financial reporting; profitability; good corporate.
The Influence of Managerial Ownership, Institutional Ownership, Company Growth Toward Earning Management and Its Implication on Quality of Financial Reporting
Abstract. Financial reporting contains the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. The financial reporting should be reliable and relevant. It is required by each and every stakeholder for multiple reasons and purposes. By enhancing financial reporting quality, it can reduce information asymmetries. This study examines the influence of managerial ownership, institutional ownership, company growth toward earning management and its implication on quality of financial reporting for a manufactures company in which listed in The Indonesian Stock Exchange (IDX). The manager who engage in ownwership aims to equalize the interests of managers with shareholders. Institutional ownership is as share ownership by external parties in the forms of institutions or groups. A company growth generates significant positive cash flows or earnings and tends to have profitable investment. Information about earnings has an important role for interested parties in a company and in turn this lead the quality of financial reporting. This research is as casual study, and the explanatory research within descriptive and verification approach is used as research method. Using the secondary data with primary resource of annual audited financial statement of the company. The sample selection was done by purposive sampling technique with 24 samples of manufacture companies listed in IDX during 2011-2015. The hypotehesis test is conducted using Partial Least Square (SEM-PLS). The research result shows empirical evidence that managerial ownership and company growth influence toward earning management, while institutional ownership did not influence the earning management. Managerial ownership, institutional ownership, and company growth did not influence the quality of financial reporting. Earning management infuence the quality of financial reporting. Managerial ownership influence the quality of financial reporting through earning management. Institutional ownership and company growth through earning management did not influence the quality of financial reporting. Keywords: managerial ownership, institutional ownership, company growth, earning management, quality of financial reporting.
Copyright (c) 2021 International Conference On Accounting And Management Science 2018
The Effect of The Leading Commitment, The Management Competency Goods and Use of Information Technology on Effectiveness of Fixed Assets
Abstract. The purpose of this study is to answer the problem of fixed asset management that is influenced by the commitment of the leadership, the competence of the management of goods and the utilization of information technology. The unit of analysis is the Regional Device Unit of Garut Regency. The research method used descriptive explanatory. Sampling technique using purposive sampling with population number 75 and sample 63. Technique of data processing using significant test analysis with t-test. The results showed that the variability of the administration of asset is still built by the variability of leadership commitment, the competence of the goods management apparatus and the utilization of information technology by 64.9%. The implications of this research can solve the problem of fixed asset administration that often happens to Local Government. Keywords: leadership commitment, management competence, information technology, fixed asset
Financial Reporting for Micro Small and Medium Enterprises Towards Industrial Revolution Era 4.0
Financial reporting is a very important process that must be carried out by every business, including micro, small and medium enterprises (MSMEs), so that with having the information of financial statements, the owner and stakeholders can monitor and evaluate their business performance and making decisions more accurately in order to increase its competitive advantage and its business sustainability. Facing the era of digitalization in the indu trial revolution era 4.0 and using the internet, or internet of things (IOT), in running all activities including businesses and financial reporting, in practice, most of MSMEs still need several phases to arrive at a readiness stage to adopt information technology advances in helping their business process. The purpose of this study is to examine the extent to which the MSMEs actors understand financial reporting and the extent to which the readiness in using information technology advances in financial reporting. The research methodology is a case study on UMKM PT Marawis Almadinah Raya (PT MAR) located at Jalan Pahlawan Bogor Selatan. Data is collected during April until June 2018 through in-depth interviews and observations of the practices of financial reporting. The results show that PT MAR has financial statements compiled starting from recording, classifying, summarizing, journalizing with double entry systems and using Ms Excel software. However, PT MAR's financial statements has not been in accordance with the financial accounting standards for micro, small, and medium-sized entities (SAK EMKM) and the financial statements have not been accurately presented so that the financial statements have not provided optimal usability in helping to assess performance and decision making. This is mainly due to the owners and accounting staff not having sufficient knowledge of financial reporting so that there are many errors in the management of transaction evidence, classification, application of accounting methods, and presentation of accounts in financial statments. In addition, PT MAR's financial statements were not verified and not audited by an independent auditor. The findings of this study suggest that MSMEs need to get adequate socialization and training on accounting and financial reporting purposes, the application of SAK EMKM, increase the ability to use MsExcel before moving on to the next phase using mobile accounting applications and integrated systems using the internet and cloud computing. Keywords: Accounting, Financial Reporting, Microsoft Excel, SAK EMKM
Influence of Corporate Social Responsibility Conversation on Company Performance
Abstract. Companies in Indonesia are still weak in transparent disclosures related to GRI. This study aims to determine the disclosure of Corporate Social Responsibility in companies listed in the Jakarta Islamic Index in 2014-2107, to determine the company's performance as measured by financial performance, namely ROA and ROE, and to determine the effect of Corporate Social Responsibility disclosure on corporate performance (ROA and ROE) for companies listed in the Jakarta Islamic Index 2014- 2017. The research method used in this study is descriptive, verification with a quantitative approach. The target population in this study are 18 companies listed in the Jakarta Islamic Index in 2014-2017. While the sampling technique used in this research is non probability sampling with purposive sampling method. The hypothesis testing used in this study is simple linear regression analysis. The results of this study indicate that the disclosure of Corporate Social Responsibility in companies listed in the Jakarta Islamic Index in 2014- 2017 experienced an increase and decrease. The company's performance as measured by the financial performance of ROA in 2015 has decreased while in 2016-2017 it has increased as well as ROE has experienced an increase and decrease. The results of this study indicate that CSR disclosure has a positive and significant effect on ROA and ROE, this means that disclosing CSR information can improve corporate performance (ROA and ROE). Keywords: Corporate Social Responsibility, return on assets(ROA), and return on equity (ROE)
Sequential Explanatory Analysis About the Relationship Between Personality, Organizational Culture and Emotional Intelligence With Lecturer Performance
Abstract. The objective of this study is to examine the correlation between independent variables such as : Personality, Organizational Culture and Emotional Intelligence as independent variables and the dependent variable lecturer's Performance was conducted on 107 part-time of lecturers who selected by proportional random sampling of 3 (three) high school economics in Bogor City, This study used type of combination methods that is sequential explanatory design that begins with a quantitative study then deepened with qualitative research. The purpose qualitative research after the implementation of quantitative research is to obtain a clarification of the result of quantitative research, whether qualitative research deepens, proves and gives meaning to quantitative data or otherwise aborts the results of quantitative research.
A Critical Literature Review to Propose a New Conceptual Model of Market Orientation in a Digital World
Market orientation concept has attracted many marketing researchers attention since initially introduced in 1990. It has a critical consequence of firm performance, as can be reflected by financial performance and positive responses from the customers. It has been almost three decades from its first time been proposed. Currently, market orientation expanded to the new phase, that is a digital world. The aim of this conceptual paper is to propose a new conceptual model of market orientation in a digital world, through a set of rigor and critical literature review. Based on the synthesized model, there’s a new conceptual model of market orientation in a digital world, been proposed. This conceptual model has a strong theoretical building to empirically tested in further research. Keyword: Market orientation, Digital world, Firm performance, Conceptual model, Critical literature review
The Effect of Nationalism, Social Status and Group Brand Into a Purchasing Decision of Local Product
Abstract. In understanding various types of consumer behavior and diversity of purchasing decisions, Nationalism, entrepreneur Social Status and Reference Groups can be factors for consumers on purchasing decisions on local products. The purpose of this research are (1)to find out whether nationalism can influence local product purchasing decisions, (2)to find out whether social status can influence local product purchasing decisions, (3)to find out whether reference groups can influence local product purchasing decisions, ( 4)To find out whether nationalism, social status and group reference can influence purchasing power of local products. The number of respondents 100 respondents are choose from buyers of Jco Donuts and Coffee products. The results of study are: (1)Nationalism has a positive and significant influence on purchasing decisions , (2)Social Status has a positive and significant effect on purchasing decision, (3)Reference Group has a positive and significant influence on purchasing decisions, (4)There is no significant relationship between nationalism, social status and reference groups on purchasing decision. Keyword: nationalism, social status, group brand, purchasing decision
Missing Role of Central Bank on Monetary Transmission Mechanism Evidence From Indonesia
Abstract. This study provides evidence from Indonesia to understand whether Bank Indonesia (BI) could promote economic growth and reducing both unemployment and poverty. Based on model estimation and institutional relationship, there is trade off between the role of BI in terms of exchange rate stability, price stability and inflation to bank view. It is necessary to add the role of BI on bank view through the authority that obligates banks mandatorily to implement monetary policy in the operational order as credit channel. The addition role of BI in bank view has implications for ability of BI in directing monetary policy comprehensively. With the addition of this role, banks become an integral part of BI in every monetary policies. In addition, the Indonesian government through the Ministry of State Owned Entreprises has the authority to intervene state owned banks that dominate banking market nation wide to be more responsive to macroeconomic and monetary policies. Keywords: banks view, credit depth, economic growth, monetary transmission
The Education Prepare in Industrial Revolution 4.0 in China
Abstract. This Paper Discuses about China's recent experience with structural shifts and industrial policy also the larger implications for existing theories of industrial policy. The arrival of the Industry 4.0 era will break many traditional concepts. There are many incredible changes in our lives. For example, there are robotic waiters in China now, which means that the future work of "endplates" will be " Instead of being replaced by nonhumans; online education has gradually become commonplace, which means that you can learn from top-notch teachers without going to a prestigious school. The reforms, the direction and principles of our education are also undergoing changes, such as the recent reform of the college entrance examination reform direction: the difficulty of strengthening the language, the difficulty of weakening mathematics, the English can be tested in advance to take the highest scores and other measures, have proved One point: education needs to change with the changes of the times. In the era of Industry 4.0, the most valuable will be the value of "people". Everything that can be replaced by "machines" will become the least valuable, only those unique. The value that can't be replaced and created by human beings is a rare resource. Personally think that people are the most valuable
Raw Material Supply Strategy of Pineapple Leaf to Support Yarn Spinning Industry
Abstract. Availability of pineapple leaves in Indonesia is amount of 61 277 ha with a weigth of 1 838 280 ton pineapple leaves. Waste of pineapple leaves has value added to be developed into a yarn materials. This research aims to analyze the process technology and the financial of spinning industry establishment, and to establish the strategy of raw material supply. The method used in this study is literature study and interview. The strategy determination uses the method of Fuzzy Analitycal Hierarchy Process (FAHP). First scenario, the positive NPV value amounts Rp 7 247 415 037; 80% IRR; and 1.08 Net B/C. Second scenario, NPV shows that the positive value amounts Rp 3 447 238 432; 48% IRR; 1.07 Net B/C. Both scenarios are feasible to be processed. Operational strategies chosen are the subsidy of seed and fertilizer to maximize the leaf pineapple production; and the partnership with the private company to maximize the profit. Keywords: raw material supply strategy, financial, pineapple leaf fibre, Fuzzy Analytical Hierarchy Process (FAHP)
Abstract. Tourism is a fast-growing industry, and is a key to a country's economy. The number of tourist is growing from year to years. Tourism is one of the sectors that is growing at a fast rate in the world today. It earns foreign exchange to several countries in the world. The tourism industry is a highly competitive business which requires the participation of the government, the public and non government sector to ensure its success Indonesia's tourism industry is booming. In 2017 the country welcomed over 14 million overseas visitors, an increase of more than 2 million from the previous year. This rapid increase in visitors, and the billions of dollars in foreign currency flowing with them, seems likely to continue. This is not mere happenstance, but rather the result of a coordinated and strategic government effort to drive growth in the industry. In 2015 the Ministry of Tourism set a goal of 20 million foreign visitors by 2019. Digital Tourism is a major strategy to achieve those targets. It should be noted that through Digital Tourism's strategy, Indonesia in 2017 growth 22% compare to ASEAN and World. Ministry of Tourism aggressive targeted 20 million in 2019 all over Indonesia through strategy destinations outside of Bali for development and promotion. Digital Destination is created in some places in Indonesia also Bogor City. Keywords: Tourism, digital, industry 4.0
Portfolio Formation and Portfolio Return Modeling on Indonesian Capital Market
Abstract. This study aims to find out how many n-size issuers and Portfolio-formation components in a portfolio in the Indonesian capital market to achieve a minimum level of risk with a certain rate of return; and to analyse Portfolio's behavior in Indonesia, related with Portfolios that provide the lowest risk level and certain returns using Autoregression AR(1), GARCH (p, q) and GARCH-M approaches. The population in this study are all companies listed in Indonesia Stock Exchange during observation period (January 2008 to December 2016) which are 540 emitents from 9 sectors and then 50 issuers are selected as sample based on a proportional combination of 336 issuers which has active transactions and each transaction completed by its price, using purposive sampling technique. Analytical methods used starting from the formation of the portfolio with 9 sector diversification, followed by modeling portfolio return with Autoregression AR(1), GARCH (1,1) and GARCH-M. The result shows that the optimal n-number of issuers in obtaining diversification benefit in the portfolio in Indonesia is 12 securities in a portfolio where the risk value is lower than the other n-number of issuers. Furthermore, the result of research indicates the combination form of issuers that provide the lowest risk and become the best portfolio in Indonesia, not only from certain sectors but also from a combination of sectors and in each portfolio formation there are financial sector, transport sector, and trade sector within. There is conditional mean and conditional variance in the portfolio return in Indonesia, where using model AR(1) the portfolio-10 is the most significant, while using GARCH (1,1) and GARCH-M model resulted in portfolio G as a good model according to SIA, AIC, and HQ criteria, and model portfolio D has the best modeling prediction accuracy. Keywords; Diversification, Portfolio Formation, and Portfolio Return Modeling
Analysis Differences Financials Performances on Jokowi Regime
Abstract. This research aimed to determine differences financials performances of listed companies BEI period 2012-2014 SBY rezim and 2015-2017 Jokowi rezim. The parameter financial performances consist Cash Ratio, Debt Equity Ratio, Net Profit Margin, Total Aset Turnover, Return on Asset, and Stock Prices. The analysis tool is secondary data, the hypothesis in this study were the difference in financial performances before and after Jokowi rezim of listed companies BEI period 2012- 2017. To test the hypothesis using data analysis techniques such as paired samples T-test in all and a parts financial performance parameters. The results of this reaseach very important to answers public question about Jokowi rezim performances in real sector. It result still in progress. Keyword: consist Cash Ratio, Debt Equity Ratio, Net Profit Margin, Total Aset Turnover, Return on Asset, and Stock Prices
Financial Performance Valuation and Stock Performance
Abstract. For a specialized company that has go public, investor or shareholder confidence is the most important part for the company to keep exist in running its business and keep survive from existing competition. So that a healthy financial performance as well as the company's ability to create profit is the biggest factor for winning shareholders heart. In line with the above background, this study aims to know and analyze (1) the company's financial performance and (2) the company's share performance. This research is conducted by using financial performance analysis, financial report analysis, and z-score analysis at food & beverage industry, is PT. Prasidha Aneka Niaga Tbk compared to the industry average as well as similar competitors is PT. Jaya Agra Wattie Tbk. The data used is the actual news about global of macro economy and financial statements for 6 years, from the year 2012-2017. The results of the research show that (1) the overall financial performance of the company in healthy and safe condition, the decline in performance that occurred in 2015-2016 is the result of the negative sentiment global macro condition. (2) the company's share performance shows the PBV of the company, decline in 2015-2016 and soared up in 2017 as it began to ease the condition of global macro negative sentiment. Based on the analysis, it is found that PT. Prasidha Aneka Niaga Tbk can still survive the competition due to its healthy financial performance also PBV and the company's share price that continues to increase. The temporary decline in company performance is due to negative sentiment factor from the global macro condition on 2014-2016. Keywords : Sales, Operating Income (EBIT), Macroeconomics and Price-to-Book Value Ratio (PBV)
Abstract. Stock performance can measure how the company manage its shares to be able to generate funds from investors to fund the company and also can measure the value of the company in front of potential investors. With a good stock performance then potential investors will be interested to buy shares of the company so that funds coming from potential investors can be used by companies to fund the activities of the company. Factors affecting the company's stock performance can be derived from internal factors ie fundamental performance, the better the fundamental performance of the company the better the performance of its shares. And as the expected investor of the money already invested is the yield. In this study, stock performance is measured by calculating Earnings Per Share (EPS) and market value of equity. Period of research conducted for 5 years, 2012 - 2016. The data used is the financial statements of the company are analyzed with financial ratios, Du-Pont, Z Score. In accordance with the above background, this study aims to find out how the performance of shares of PT Eratex Djaja, TBk. In this research, PT Eratex Djaja, TBK has good financial performance from 2012 until 2015 as sales always increase so that EBIT owned by the company also increase. From asset management and corporate debt also increased from 2012 to 2015. From the increase of internal financial performance of the company caused the stock performance of PT Eratex Djaja, Tbk also increased so as to give earnings per share which always improve every year. However, in 2016 the financial performance of PT Eratex Djaja, Tbk has decreased, this is because stocks of companies began to be abandoned by investors because the company never distributed dividend from 2012 until 2016. Keywords : Stock Price, Share, and Dividend, Earning Per Share (EPS).
Rescheduling, Reconditioning, and Restructuring Action Analysis of Credit Safety
Abstract. To improve the economic growth of the community as a whole, the Bank not only provides additional business capital in the morning of entrepreneurs whose businesses are already classified into large businesses, but the Bank also provides funds to lend to customers / borrowers belonging to the micro / micro business sector. Which is related to this research, the credit listed is micro credit. On the other hand the provision of credit facilities is often experiencing problems, thus causing harm to the Bank. The conditions under which the loans have been disbursed to the public are not repaid by the debtor at the right time in accordance with the previous agreement is classified into Non Performing Loan (NPL) or bad credit / bad credit, for the safety of credit and to maintain the health of the Bank it must be done credit rescue . Rescue credit can be done by performing action Rescheduling, Reconditioning, and Restructuring to customers whose credit is included into the class of problem loans. The purpose of this research is as follows: 1) To know the action Rescheduling to safety of credit. 2) To know Reconditioning action on credit safety. 3) To know the act of Restructuring to the safety of credit. 4) To know the action, Reconditioning, and Restructuring collectively to the credit safety. The research method used in this research is Descriptive Qualitative Analysis Research Method. The use of this qualitative research method helps the researcher to collect various information, collect data, analyze and explain clearly about the situation in the field related to Rescheduling, Reconditioning and Restructuring on Credit Safety. Data analysis in this research is done by data collection, data reduction, data presentation as well as verification or withdrawal conclusion by using Triangulation Source checking technique in validity of data. The results showed: 1) Action Rescheduling can save problem loans at PT. Bank Mandiri (Persero) Tbk. The action taken is to provide relief in the form of extension of credit term. 2) Reconditioning action can save problem loans at PT. Bank Mandiri (Persero) Tbk. The action taken is to provide a reduction in lending rates. 3) Restructuring actions can save credit at PT. Bank Mandiri (Persero) Tbk. The action taken is to provide relief in the form of additional credit. Keywords: Rescheduling, Reconditioning, Restructuring and Credit Safety.
Implementation Accounting For The Pension Fund and The Effect to The Financial Statements on The Company PDAM Tirta Pakuan Bogor
Abstract. The purpose of this study is to analyze the implementation of the pension fund on Employer's side and describe the effect of the implementation of the pension fund in the Financial Statement. In conducting the study the authors find the data related to the pension fund that applied by PDAM Tirta Pakuan and financial statement that have been made by PDAM Tirta Pakuan to know how the application of the Pension Fund, which was held at the PDAM Tirta Pakuan is in conformity with the standards used and apply, and how they the presentation of the financial statement in question. Intensive search result on Pension Fund PDAM Tirta Pakuan Bogor shows that PDAM Tirta Pakuan apply manifold Defined Benefit Pension Fund, the end result comes from dues are deducted from the employee's salaries coupled with contribution coming from the the company. The results of the calculation of the Defined Benefit Pension Fund has not been established completely (funds not yet met) because the wealth to funding is less than the Solvency Liabilities. In addition PDAM Tirta Pakuan also work with PT. Jiwasraya insurance to guarantee old days. Financial statements made by PDAM Tirta Pakuan associated with presentation on Pension Fund are ini accordance with GAAP ETAP. Keywords; Implementation Accounting of Pension Fund , financial statements.
Effective Tax Rate (ETR) and Audit Quality Post Adoption of IFRS on Earning Management
Abstract. The study aims to analyze the association between the Effective Tax Rate (ETR), audit quality and magnitude of earnings management pasca IFRS adoption. Audit quality use big four auditor. The modified Jones Model used to measure discretionary accruals (the proxy for earnings management.) The populations of this research are manufacturing companies listed on Indonesia Stock Exchange (IDX) in period 2010-2013 with total sample of 57 companies. The data are analyzed by using multiple regressions linear. The results provide evidence that big four auditor negatif significantly influence to the earning management. Nonetheless Eff the earning management pasca IFRS adoption. Keyword: Effective Tax Rate (ETR), audit quality, big four auditor, discretionary accruals and earnings management.
Valuation of Financial Performance and Stock Performance
Abstract. The main purpose of a company is to prosper the shareholders. The shareholders will get profit from the company they own after one year of operation by selling their products or services. Therefore, company's manager has responsibility to regulate the company to be profitable and needs to know and analyze how was the company has performed for period of time so the manager could correct mistakes in the decision making and maintain teh company's strengths Besides the company's manager, the shareholders also need to know about how the company's performance to monitor whether investments they have is need to defend or could be abandoned. Succeed or not the management of a company written in annual report contained financial report or financial statement. Company and the shareholders need to understand the valuation of financial performance from the financial statement which are financing, asset management and profitability, also stock performance which consider the share market price in the stock exchange. This financial and share performance research is studied to PT Holcim Indonesia Tbk in cement industry who has gotten loss for two years, then compare with companies in the same subsector in Indonesia Stock Exchange. The used research data is financial report for year 2012 until 2016 which are secondary data obtained from Indonesia Stock Exchange. The result of the research shows that compare to the companies in the same industry, PT Holcim Indonesia Tbk from 2012 until 2016 has decreased performance escpecially in profitability. It was caused of the sales were not optimal and cost inefficiency, that caused stock price is declining. During those five years, PT Holcim Indonesia Tbk expanded it's company which is financed by debt, so PT Holcim Indonesia being a company that the operation dominant use of debt. Keywords : Profitability, Asset Management, Financing, Stock
Abstract. Financing in Islamic banking in Indonesia, even throughout in the world is dominated by murabahah financing. This is not an ideal condition, because ideally the financing of Islamic banking is dominated by profit sharing-based financing, namely mudharabah and musyarakah. This paper aims to describe the condition of the financing portfolio in Islamic banking that is not in accordance with its characteristics, namely profit sharing; identify the causes; and contribute to the solution of the problem. The dominance of murabahah financing is shown in proportion to the position on January 31, 2017 which reached 60% of total financing. The macro impact of the domination of murabahah transactions is that the monetary sector moves faster than the real sector which can ultimately lead to an economic crisis. Micro-impact, murabahah financing tends to encourage individual society to be consumptive because the purpose of this financing is more for consumptive matters, while profit-based financing will encourage individuals to be productive because profit-based financing is definitely intended to finance things which are productive. Broadly speaking, the problem needs to be addressed through two things, the first solution comes from the Government in the form of institutional and/ or personal structural support and law enforcement that can be voluntary followed by incentives or mandatory followed by sanctions, so that profit-based financing in Islamic banking is more dominant than murabahah financing. The second solution is sourced from Islamic banking itself in the form of increasing awareness that its purpose is not solely business but also falah (welfare of the people), so that ease of system, procedure and requirements for society to inclusion in profit sharing based financing can be created, while remains paying attention prudential banking aspects. Keywords: murabahah financing, profit sharing based financing, mudharabah financing, musyarakah financing, and falah
The Influence of Repositioning Strategies on Purchase Intention Through Brand Personality and Brand Association
Abstract. This study aims to determine how much influence of the repositioning strategy to purchase intention through brand personality and brand association of Oppo smartphone products. The policy from Oppo smartphone producer in order to change their products positioning become more specific as a camera oriented smartphone considered to be able to increase purchase intention in a few years back. Brand personality and brand association become factors that is considered capable of mediating between implementation of repositioning strategy with the increase of purchase intention Oppo smartphone products. This research method is using path analysis to test the direct influence and indirect influence of implementation repositioning strategy to purchase intention with a quantitative approach. Sources of data in this study are primary data obtained by distributing of 92.640 members. From the research conducted, result obtained that there is direct influence of repositioning strategy to purchase intention. Repositioning strategy also have a significant effect to both brand personality and brand association. However, repositioning strategy do not have indirect influence to purchase intention well through brand personality as well brand association. Keywords: Repositioning Strategy, Product Positioning, Purchase Intention, Brand Personality, Brand Association, Oppo Smartphone.
Qualitative Analysis of The Inhibiting Factors for Micro Business Development in Bogor Regency
Abstract. This is a qualitative research to examine the factors that hinder the development of micro-enterprises into small businesses by exploring the perceptions of the business actors in Bogor Regency. The purpose of this study is to find alternative solutions in order to improve the performance of a large number of micro-entrepreneurs, in order to become a small business. This study uses a qualitative approach with a case study method. The data analyzed were the results of interviews with 194 micro-entrepreneurs with various types of businesses in Bogor Regency held in July and August 2018 at the Office of Cooperatives and Micro, Small and Medium Enterprises of Bogor Regency. The results of the study showed that the problems in the field of Marketing were the most chosen factors by micro-entrepreneurs (49%). The second factor that is considered to be an obstacle is the Capital Requirement (38%). A factor is the availability of skilled human resources (24%). There are two types of problems in the fourth factor which are considered as obstacles, namely Raw Materials and Production Facilities, each at 19%. Packaging becomes the fifth inhibiting fact (11%). Legalization of business licenses and products is the sixth factor as a barrier to the development of micro-enterprises into small businesses (10%). Especially for marketing inhibiting factors, business people feel they have obstacles in how to market their products, especially with the digital marketing approach that is currently done by many business people. Keywords: Micro Business, Small Business, Marketing, Capital Needs, HR
The Influence of Reliability, Assurance, Tangible, Empathy And Responsiveness That Determine Buying Interest To Pt. Panorama Land
Abstract. Competition in service businesses in Indonesia in the hospitality sector is increasing. As one of the famous hotels in Bogor, THE 1O1 HOTEL must be able to meet the needs and desires of its guests who come so that their services are always chosen to be the main option. This study aims to determine the effect of reliability (X1), assurance (X2), tangibility (X3), empathy (X4) and responsiveness (X5) which determine buying interest (Y) for the services of THE 1O1 Hotel. The population in this study were those who had used the services of THE 1O1 Bogor Hotel with a total of 100 respondents. The author conducted the research using descriptive-method through questionnaire and the analytical technique used was quantitative-associative (statistics). The results showed that the buying interest of the consumers was influenced by the quality of service provided by THE 1O1 Hotel Bogor. The main factors are reliability, assurance, tangibility, empathy and responsiveness applied by THE 1O1 Hotel Bogor. Keywords: Reliability, Assurance, Tangible, Empathy, Responsiveness, Buying Interest, THE 1O1 Hotel Bogor
The Influence of Personal Characteristics on Small Medium Business Performance in Bogor District
Abstract. The purpose of this study was to determine the effect of business characteristics on turnover in the UMKM of Bogor Regency. This research method uses a quantitative method by looking at the characteristics of the MSME. This research uses 194 business samples in Bogor Regency. The business characteristics referred to in the form of sex, age, education and the length of time the business and assets influence the turnover of small and medium enterprises in Bogor Regency. The results found that sex partially had a positive and significant effect on MSME turnover in Bogor Regency. age partially has a positive and significant effect on MSME turnover in Bogor Regency. the last education partially has a positive and significant effect on MSME turnover in Bogor Regency. The length of business partially has a positive and significant effect on MSME turnover in Bogor Regency. and the number of assets partially has a positive and significant effect on MSME turnover in Bogor Regency. of all the characteristics that exist both in terms of sex, age, education, the length of business simultaneously has a positive and significant effect on MSME turnover in Bogor Regency. Keyword : personal characteristics, small medium enterprises, business performance
Formulation of The Green Marketing Development Strategy for the Body Shop Botani Square Bogor
Increasing public awareness of the negative impacts of products and production processes on the environment affects marketing and sales programs. Changing environmental issues into business issues enables businesspeople to understand the area and focus on competitive advantage according to their environmental conditions. They adapt, create, and develop competitive, green products through marketing mix programs. The purpose of this study is to determine the right strategy to enhance the competitiveness of enterprises. Increasing competition then the strategy approach used must also innovate. To find out descriptive analysis is required with the data obtained from the questionnaire is destined to the experts who are experts in the field of skin care. The result of the questionnaire will be analize using EFE, IFE, and IE method, the research result obtained the right strategy for The Body Shop is to increase promotion to minimize new product failures. Keywords : Green Marketing Strategy and Analysis
The Influence of Hedonic Shopping Motivation, Impulsif Buying, and Lifestyle on Purchase Decisions
Abstract. The decision to make a purchase is very complex through a very long process in the form of goods or services. Some factors that influence purchasing decisions include Hedonic Shopping Motivation, Unplanned Purchases, and Lifestyle. Hedonic Shopping Motivation is the motivation of consumers to shop because shopping is a pleasure, while Unplanned Purchase is a part of spontaneous behavior, intense, passionate desire to buy and buyers usually ignore the consequences of the purchase, while Lifestyle is also a determining factor consumer's decision to buy a product. The purpose of this study were (1) to explain the influence of Hedonic Shopping Motivation on purchasing decisions at Matahari Lippo Plaza Bogor, (2) to explain the effect of unplanned purchases on purchasing decisions at Matahari Lippo Plaza Bogor, (3) to explain the influence of lifestyle on purchasing decisions at Matahari Lippo Plaza Bogor, (4) to explain the influence of Hedonic Shopping Motivation, unplanned purchases, and lifestyle on purchasing decisions at Matahari Lippo Plaza Bogor. Keywords: Hedonic Shopping Motivation, Unplanned Purchases and Lifestyle Towards Purchase Decisions.
The Influence of Relational Marketing, Trust, dan Emotional Proximity on Customer Loyalty
Abstract. Business development in the telecommunications sector has been increasingly developed and companies in this field are increasingly engaged in competition for loyal customers. But as for the problems of this competition, such as the transfer of consumers from one product to another because companies pay less attention to consumers, moreover the absence of closeness between consumers and the company. This study aims: 1). To find out whether relational marketing, trust, and emotional closeness together have a significant influence on customer loyalty in the company BOLT 4G LTE; 2). To find out whether relational marketing influences customer loyalty; 3). To find out whether trust influences customer loyalty; 4). To find out whether emotional closeness affects customer loyalty. The analysis used in this study is multiple linear regression analysis, sample selection is done by purposive sampling. The sample used was 100 respondents, with multiple linear regression analysis. This study uses the Rosque method. The results showed 1). Relational marketing, trust, emotional closeness together have a positive and significant influence on customer loyalty; 2). Relational marketing has a positive and significant effect on customer loyalty; 3). Trust has a positive and significant effect on customer loyalty; 4). Emotional closeness has a positive and significant effect on customer loyalty. The results of the analysis using the coefficient of determination is known that 76% of customer loyalty variables can be explained by variations of relational marketing variables, trust and emotional closeness, while 24% is explained by other variables not included in this study. Keywords: Relational Marketing, Trust, Emotional Proximity, Customer Loyalty.
Implications of Financial Distress and Macroeconomic on Stock Return With Variable Moderation of Operating Cash Flow
Abstract. This study aims to examine the implications of the financial distress, interest rate and exchange rate to stock returns on textile and garment companies in Indonesia, which listed on the Indonesia Stock Exchange for the period 2012-2015. The operating cash flow is used as a moderating variable to examine the correlation between financial distress and stock returns. There are 15 companies that are used as samples for the study were selected based on purposive sampling method. Meanwhile, fixed effect model of the data panel linear regression method selected for data analysis. The quantitative data was taken from ICMD and Capital Market Reference Center Indonesia Stock Exchange. By using significance level of 5%, study results showed financial distress as Altman Z-score influence positively but insignificant on stock returns and depreciation of exchange rate influence positively and significant on stock returns. Meanwhile, increasing interest rate impact on stock returns negatively but not significant. The study also summarize that operating cash flow cannot moderate the correlation between financial distress and stock returns and this variable classified as predictor moderator. The study results also showed financial distress, interest rates and exchange rates had significant impact on stock returns simultaneously. Keywords: financial distress, interest rates, exchange rates, operating cash flow, return stock, and predictor moderate.
The Effect of Profitability, Institutional Ownership, Firm Size to Tax Avoidance on The 2014-2016 Manufacturing Company Listing on The Indonesia Stock Exchange
Abstract. This study aims to examine the effect of profitability (ROA), institutional ownership (INST), and firm size (SIZE) on tax avoidance (CETR). The variables tested in this study used independent variables which consist of profitability, institutional ownership, and firm size; and the dependent variable which consists of tax avoidance, that was measured by the cash effective tax rate (CETR). The sample used in this study was taken using purposive sampling method. After the reduction with several criteria, 43 companies were chosen as samples. The analysis technique in this study uses linear regression analysis with the help of SPSS version 20. The results of this study indicate that profitability affects tax avoidance but institutional ownership and firm size have no influence. Keywords: Profitability, institutional ownership, firm size, tax avoidance
The Influence of Firm Size, Corporate Profitability, Previous Audit Opinion, and Accounting Firm Size on Going Concern Audit Opinion
Abstract. Service industry is considered to have a significant impact on today people's lives, especially in Indonesia. However, some service companies obtain a going concern audit opinion which means that their business continuity is in doubt. Factors that can affect going concern opinion are company size, company profitability, previous audit opinion, and accounting firm size. The issuance of going concern audit opinion can be an early warning to investors that the company may experience financial failure. Although the auditor is not responsible for predicting bankruptcy, investors seem to expect the auditor to warn of the possibility of financial failure through a going concern audit opinion. The purposes of this study are to determine the effect of firm size, corporate profitability, previous year's audit opinion, and accounting firm size on the acceptance of going concern audit opinion. The research method used in this research is hypothetico-deductive method which is a systematic approach and useful to produce knowledge to solve basic and managerial problem. This study focused on non-financial service companies listed on the Indonesia Stock Exchange. The sample used was 149 companies with purposive sampling technique. Data analysis used descriptive analysis and logistic regression analysis. The results of partial test show that there is no partially significant influence of firm size and accounting firm size on going concern opinion, there is partially significant influence of profitability and previous audit opinion on going concern opinion. Simultaneous testing result indicates that the firm size, the company profitability, the previous year audit opinion, and the size of the accounting firm influence the acceptance of going concern audit opinion. Keywords: non-financial services company, company size, company profitability, previous year audit opinion, accounting firm size, acceptance of going concern audit opinion.
The Effect of Good Corporate Governance and Financial Performance on Sustainability Report Disclosures and its Implications on Corporate Values
Abstract. The importance of the company to maintain the sustainability of its business in the future is a crucial issue at the moment. The company must pay attention to the planet, people and profit. The purpose of this study was to find out how the influence of GCG and Financial Performance on Sustainability Report Disclosures and their implications for Company Value in Mining Companies listed on the Indonesia Stock Exchange. The sample was determined based on purposive sampling technique, with a total sample of 15 companies. The study uses secondary data obtained from the Indonesia Stock Exchange website in the form of financial reports from 2011-2016. Testing the hypothesis in this study using panel data regression test. From the results of testing the hypothesis, that GCG and Financial Performance affect the Disclosure of Sustainability Report and Company Value in Mining Companies listed on the Indonesia Stock Exchange during 2011-2016. This means that the frequent meetings of the board of directors and audit committee as a GCG indicator will result in effective decision making in sustainability report disclosure and Financial Performance as measured by profitability will provide management motivation in reporting important information for the sustainability of the company and will increase sustainability report disclosure and company value. Keywords: GCG, Financial Performance, SR Disclosure, Corporate Value.
Review of Revenue Treatment and Expense Recognition Using the Visual Hotel Program Application
Abstract. Izi Hotel Bogor is a company engaged in hospitality that was established in the Bogor area as a place that was visited a lot on weekends especially for residents of Jakarta and its surroundings. Izi Hotel Bogor uses Visual Hotel Program (VHP) in its operational activities in every department in IZI Hotel Bogor both in the Front Office, Housekeeping, Marketing, and finance departments. The writing of this practical work report aims to find out how to recognize revenue and expenses by using the Visual Hotel Program (VHP) system at IZI Hotel Bogor. Recognition of income and expenses at IZI Hotels using Accrual Basic. How to apply to the VHP system with the Basic Accrual method. Recognition of income and expenses with the Basic Accrual method is Accrual Basic is the process of recording accounting transactions where transactions are recorded when they occur, even though they have not received or issued cash. At Accrual Basic, revenue is recorded when sales occur even though cash has not been received, while costs are recorded when the costs are used or used, even though they have not yet issued cash. Thus, the Basic Accrual method of income is recorded when a sale occurs, even though cash has not been received. Keywords: Revenue Recognition, Expense
The Effect of Cash Flows and Accounting Profits on Stock Prices Empirical Study of Manufacturing Companies Listed on The Indonesia Stock Exchange in 2013-2016
Abstract. The study aims to empirically examine the effect of cash flow that consist of operating cash flow, investing cash flow, financing cash flow and accounting profit to stock price on manufactur companies in Indonesian Stock Exchange. This study used secondary data obtained from company financial reports from the period 2013 until 2016 manufactur company are listed in Indonesian Stock Exchange. Test were conductes are deskriptive statistics, classic assumption test, multiple linear regression analysis, coefficent determination, F test, and t test with using the aplicaion program SPSS version 23 for windows. Simultaneous research results show that the operating cash flow, investing cash flow, financing cash flow, and profit accounting significantly influence to stock price. Partially, profit accounting significantly influence to stock price. Operating cash flow, Investing cash flow and financing cash flow do not significant influence to stok price. Keywords : Operating cash flow, investing cash flow, financing cash flow, profit accounting, stock price
Impairment of Fixed Assets (Tangible Assets) According to PSAK 48 on The Financial Statements.
Abstract. Fixed assets are one of the factors that greatly support the company's operational activities. As a tool that can support company activities, fixed assets usually have a long service life, so they can be expected to benefit the company for years. But many companies keep fixed assets that have experienced obsolescence or physical damage and are not neatly arranged. For this reason, management needs to consider whether the value of an asset is impaired or not by performing an impairment test. If the carrying value of an asset exceeds its recoverable value, management must recognize an impairment loss on the asset. The purpose of this study was to find out how the decline in value of fixed assets (tangible assets) according to PSAK No. 48 in various industrial sector manufacturing companies listed on the Indonesia Stock Exchange and their effects on financial statements. The study was conducted on three industrial sector manufacturing companies using qualitative descriptive methods and analyzing financial statements for the 2016 and 2017 periods. The results showed that of the three companies studied, they had applied accounting principles both in terms of policies, recognition, measurement, presentation, and disclosures presented in the financial statements in accordance with PSAK 48 (revised 2014). As well as a decline in the value of fixed assets is very negative effect on the company's financial statements, namely the decline in the value of fixed assets in the statement of financial position. The company must also recognize an impairment loss on assets so that the decrease in profit in the statement of profit or loss and other comprehensive income decreases. Keywords: impairment of fixed assets; PSAK 48
Analysis Using Beneish M-Score Model to Detect Financial Statement Fraud on Mining Companies Listed in IDX
Abstract. Nowadays, economic developments are growing rapidly and often fluctuate. By 2015, the Indonesian economy in the mining sector has declined. The decline is due to a decrease in China's demand on mining materials which ultimately has a negative impact on the domestic mining sector. Such circumstances can lead to fraudulent acts of financial statements to make window dressing. This study aims to determine how much percentage of companies indicated to commiting financial statements fraud based on Beneish M-Score Model. Beneish M-Score Model uses eight financial ratios to detect financial statement fraud. If the Beneish M-Score result shows a larger number of -2.22, then the company is indicated to commit fraudulent financial statements (manipulator), whereas if the result shows a number smaller than or equal to -2.22, then the company is indicated not to commit fraudulent financial statements (nonmanipulator). This research was conducted by using analytical descriptive method. The sample selection was done by purposive sampling technique with samples of twenty mining companies listed on IDX during 2015-2017. The data are collected from financial statement published on the IDX website. After the ratio calculation, then the result is entered into the Beneish M-Score formula. Then, the Beneish M-Score is analyzed for further interpretation. This study indicates that no company is indicated to commit fraudulent financial statements in the period of 2015-2017 respectively. By 2015, 40% of companies are indicated as manipulators. In 2016, the company indicated as a manipulator of 60%, while in 2017 the percentage decreased to 30%. Based on the eight financial ratios used to calculate the Beneish M-Score, the ratio of Total Accruals to Total Assets (TATA) is the best ratio that describes the possibility of fraudulent financial statements performed by the manipulator company. Keywords: fraudulent financial statements, Beneish M-Score Model, manipulator
The Effect of Audit Tenure, Size of Accounting Firm, and Audit Opinion on Audit Delay of Mining Company Listed in IDX
Abstract. Financial statement is an information media that has disclosed financial condition of a company to support decision making. So that, a high quality of financial statement is very important. Timeliness is a qualitative characteristic must be fulfilled. Every year there are still some late published financial statements. The length of the audit process or audit delay can be the reason of this late published financial statement. This research aims to examine the factors that may affect audit delay. The independent variables studied were audit tenure, the size of public accounting firm, and audit opinion. The longer the relationship exists between the auditor and the client, the more knowledge the auditor has about the client, the length of the audit process becomes relatively faster. Company audited by the public accounting firm affiliated with the big four have relative faster audit delay due to the resources owned by the firm. Company that gets unmodified opinion has faster audit delay because auditor spend less time on audit processes when issuing unmodified opinion. This research is classified as causal study, while the method used was hypotheticodeductive method. The data used in this study is secondary data by literature study with primary resource of annual audited financial statements of companies. The sample selection was done by purposive sampling technique with 27 samples of mining companies listed IDX during 2012-2017. Data analysis was done by multiple linear regression analysis. The result of the research shows that audit of tenure has no significant effect on audit delay, the size of public accounting firm size has significant effect on audit delay, and audit opinion has no significant effect on audit delay. In simultaneous testing, audit tenure, the size of public accounting firm, and audit opinion have significant effects simultaneously on audit delay. Keywords: audit delay, audit tenure, the size of public accounting firm, audit opinion
The Impact of Auditor’s Competence & Independence & Time Budget Pressure on Audit Quality
Abstract. This study aims to examine the influence of auditor's competence and independence and time budget pressure on audit quality. The basic problem is that investors need true and fair information about the company. Investors want to invest in companies with good performance and financial condition. Therefore, a public accountant as a third party must be reliable to give assurance on the accuracy of financial statement. Operationally, each research variable is divided into several dimensions Auditor's competence is divided into two dimensions: knowledge and experience. Audito's Independence is divided into four dimensions: long-term relationships with clients, peer review, non-audit services, and special relationships. Time Budget Pressure variable is divided into three dimensions: knowledge, responsibility, and performance appraisal. Audit Quality variable is divided into five dimensions: integrity, audit processes, timeliness, professional skepticism, and codes of conduct. The population of this study is auditors who work in Public Accounting Firm in Bandung registered as members of IAPI. Data were collected by distributing questionnaires to respondents. The variables in this research are Auditor Competence (X1), Auditor Independence (X2), and Time Budget Pressure (X3) as independent variable and Audit Quality (Y) as dependent variable. The data were processed using multiple linear regression analysis.
The Fraud Risk Assessment to Determine Significant Fraud Risk in The Raw Material Purchase Cycle & Revenue Cycle at FL - CV. FBP
Abstract. This research is aimed to identify and find significant fraud risks. In the cycle of revenue and cycle of expenditure raw material purchase at FL. FL is a division of CV. FBP company that selling leather products. The company used the traditional system that employees easily doing fraud on both cycles will inflict the company a great financial loss. Three factors motivate the wrong doing of fraud i.e., pressure, opportunity, and rationalization. These factor are called are called as the fraud triangle. To reduce the fraud action, the company must have a good internal control. Five components of internal control i.e., control environment, risk assessment, control activities, information and communication, and monitoring. Fraud risk assessment is very important to identify fraud risks to be minimized by an effective internal control. The method used in this research is descriptive method. Descriptive method is a methods are to collect data, classifying data, and analyzing data. The collected data is done and then analyzed data to research so that the conclusion of the research result can be obtined to provide advice to the company. This research shows some interviewed, questioner, and observation, significant risks of fraud at the company, such as the opportunity of employees to steal products and General Manager to manipulate the financial statement to omit his fraud evidences. Moreover, there is opportunity of the Craftman to steal operational money of raw materia purchase. The recommendation is that the owner must enhance the compancy's compensating control by monitoring directly and regularly on FL - CV. FBP Keywords: fraud, fraud risk, internal control
Internal Control Evaluation to Minimize Fraud Risk on Sales and Cash Receipt Cycle at CV BPP
Abstract. The development of the business world is currently running so rapidly. The rapid development of the business world demands the business to be more creative and have a competitive advantage compared to its competitors. This creates pressure for businessman to continue to produce the best products and services to survive in the business world by doing various efforts. Nevertheless, this businesman's efforts are blocked by some frauds in his company. The sales and cash receipts cycle is the most important activity for a company's sustainability. This cycle is vunerable to fraud. For the effectiveness of the sales and cash cycle, the internal control is a prerequisite. By assessing the internal controls, the company can minimize the risk of fraud. The research method of this study is analytical descriptive method. Data collection techniques used were field studies and literature studies. Field study is conducted by observation, interview and questionnaire. The research object is the internal control of the sales and cash receipts cycle for minimizing the fraud risk level at CV Bangun Pemuda Pemudi which is operating in the food and beverage sector. The study finding shows that the internal environment of the company is not good enough, while the control activities of the sales and cash receipts cycle has been adequate, but there are still some weaknesses. Based on the analysis result, some fraud risk factors are found. Further analysis reveals two identified fraud risks namely, the manipulation of sales report and asset misappropriation (cash) conducted by the Recap Admin. Some recommendations are that the company must have a segregation of duties between the recording function and the asset safeguard function, complete and conform the components of the document and impose restrictions on access rights. Keywords: Internal Control, Sales Cycle and Cash Receipts, Internal Control Assessment, Fraud Risk.
Quality Cost Control Evaluation, in The Framework of Product Quality Improvement
Abstract. Cost control to improve product quality at PT. Ayuda Group Hotel Management. Descriptive analysis of profit, then made a comparison between budget and realization. Techniques of collecting these data by documenting the data. The purpose of this study is to know how the quality control of quality in a hospitality company to improve product quality at PT. Ayuda Group Hotel Management. Every company has cost control, but the cost control of each company will be different depending on how style the leaders in the company itself. The more competitive the competition in the business world requires every business manager to work with high efficiency and can develop products or services in accordance with the exact needs of the existing control procedures and if possible done reduction or refinement costs, as well as calculation of the cost and quality of the company to annual accounting periods or shorter periods to select the best alternative that can improve the quality or decrease in costs. From the research results we can know that the comparison of realization and budget cost quality and quality, it is known that the realization of cost kuaitas greater than the budgeted and so also with profit, previous profit. Improved quality is effected from efficient, cost-efficient quality efficiency, which indicates that high cost levels with appropriate controls will create high profit margins and quality quality. Keyword: evaluation of quality control cost and quality of product
Effect of Performance Measurement System and Total Quality Management Implementation on Managerial Performance
Abstract. Contemporary management accounting systems evolved in response to significant changes in the business environment faced by both service firms and manufacturing firms. Companies that are able to make improvements in a sustainable and competitive is one of the characteristics of management success. The main task of leaders and top managers is to continuously make improvements, which require the full support of the parties within an organization to achieve previously set corporate objectives together. Performance measurement systems and total quality management provide an important mechanism for employees to use in explaining performance goals and standards. Then try to maximize the competitiveness of the organization through a focus on customer satisfaction, employee engagement and continuous improvement of the quality of products, services, people, processes and the environment of the organization. The purpose of this research is to test empirically the influence of performance measurement system and total quality management application to managerial performance, empirical study at manufacturing company of Bogor city listed on BEI. Data were distributed and collected by purposive sampling technique to the respondents. The sample in this study are middle managers, lower level managers and employees in 4 companies with a total of 88 respondents. Methods of data analysis in this study are descriptive statistics, data quality test, classical assumption test, multiple linear regression analysis using 5% significance level, F test and T test. Data processing method using SPSS Version 23. The results of this study show partially performance measurement system and total quality management significantly influence on managerial performance with significance level of 0.001 and 0.008. Then simultaneous performance measurement system and total quality management together influential on managerial performance with 0.000 significance level. Keywords : performance measurement systems, total qualitymanagement, managerial performance.
Analysis of The Effect of Tax Minimization, Tunneling Incentive, and Bonus Mechanism on Corporate Decisions to Make a Pricing Transfer
Abstract. World financial sector today already growth without seeing the boundaries. Every singel owner of the company compete to produce excellent product with a low price to resolve maximum earning. it can be resolve with transfer pricing action. This study aims to examine the influence of tax minimization, tunneling incentive and Bonus mechanism with decision to do a transfer pricing. The population in this study is a manufacturing company listed on the stock exchange in 2013-1016 totaled 31 companies, and the sample is toke with purposive sampling method. Data was collacted using purposive sampling method for manufacturing companies listed on the indonesia stock exchange.The analysis tool is logistic regression used SPSS V.23. Data were analyzed using logistic reggression analysis. The result of this study is tax minimization, tunneling incentive and Bonus Mechanism influence the company decision to do a transfer pricing.The determination coefficient is 0,385 that means 38,5% transfer pricing affected by independent variable, while the rest is explained by other variable.This result shows that is many other variable in outside of this study that can explain transfer pricing. Keywords: Tax Minimization, Tunneling Incentive and Transfer Pricing
Determination of Profit in Construction Contracts Based on Recognition of Revenues and Costs According to PSAK No.34 (Revised 2015).
Abstract. Company engaged in construction services may have a project either to be completed in one period (short term) or more (long term). Recognizing revenues and expenses for the project completed in one period is relatively simple, whereas for long term project spesific methods are applied. The recognition of revenue is made on the basis of expenses incurred, such as cost of raw materials, labor, etc at the time the percentage of completion is computed. The purpose of this study is to analyse whether the accounting practice applied by CV. Alpe Corporation in recognizing revenue and expense on construction contractsis inconformity with Indonesian Statement of Financial Accounting Standard: PSAK-34. The methodology used in this study is descriptive qualitative method which test the accounting practice applied by the company, and compare it to the latest Financial Accounting Standards. The result of this study reveals that both projects done by CV Alpe Corporation in 2016 and 2015 are completed less than one year period (short term). The accounting practice applied by the company is not fully in conformity with PSAK-34. The company estimated percentage of completion based on cost to cost method in accordance with expenditures spent every term weekly. Weekly expenses are debited to Construction in Process account, whereas the estimated revenues are credited to Unearned Revenue. No Progress Billing account was maintained. Expenses and revenues are only recognized when the projects are fully completed. Keywords: construction contract; determining profit; revenueand cost recognition; PSAK- 34
Effect of Disclosure, Company Growth and Client Tenure Audit on Acceptance of Going Concern Audit Opinions
Abstract. A going concern audit opinion issued by the auditor to ascertain whether a company can maintain its survival. Factors affecting auditors issuing going concern audit opinion is important to know because they can be used as a reference by investors ini association with the invesment. The purpose of this research is to examine the effect of disclosure, company development, and client tenure audit to the acceptance of going concern opinion. This research uses manufacture company samples listed ini Indonesia Stock Exchange from 2013 to 2015. The hypothesis in this research uses logistic regression. The research shows that disclosure has significant effect on the acceptance of going concern opinion, while company development and client tenure audit does not have significant effect on the acceptance of going concern opinion. And disclosure, company development, and client tenure audit have the significant effect the acceptance of going concern opinion Keywords: going concern audit opinion, disclosure, company development, and client tenure audit
Winning Banking Competition through KREDIT MULTIGUNA Services
Abstract. The intense competition in the Banking industry, made the Bank compete to issue a variety of services aimed at pampering its customers to be more loyal. The procedure for granting credit is important in determining eligibility and as a benchmark in making decisions whether the debtor is feasible or not to receive credit provided by the bank. Not only that the procedure for granting credit is also a system and procedure established by a bank to facilitate the bank in carrying out its functions as a channel of funds to the public in the form of credit with a systematic and neat and structured flow so that it can facilitate banks to assess the credit facility . The purpose of this discussion is to find out the procedure for providing KREDIT MULTIGUNA to fixed income groups in one of the state-owned banks that have multipurpose credit facilities. The discussion was carried out to find out how actually the provision of KREDIT MULTIGUNA in the fixed income group went well or not. The research conducted at PT. Bank Rakyat Indonesia (Persero) Tbk Dewi Sartika Bogor Branch. The Results Discussion shows that PT. Bank Rakyat Indonesia (Persero) Tbk Bogor Dewi Sartika Branch has implemented a system of good credit procedures. Assessing the feasibility of the debtor to receive credit and the crediting process that is quite good. To ensure that the Procedure for Giving KREDIT MULTIGUNA is good enough, in granting credit the bank always uses the terms and conditions set by PT. Bank Rakyat Indonesia (Persero) Tbk. The evaluation results from this discussion show that KREDIT MULTIGUNA are loans that can be used for various consumtive purposes as long as they do not conflict with the prevailing laws and regulations, which increase the variety of types of credit available in banking which are used as investment loans. and working capital. Keywords: multipurpose loan, bank, competitivenes, services
The Implementation of Accurate System in Preparation of Financial Statements
Abstract. The purpose of this study is to know recording system and financial report on TB Makmur Jaya as well as to help TB Makmur Jaya in prepearing financial statemnt by using one of accounting applications is Accurate System. This research uses descriptive qualititive method with case study, where the writer recounts the recording and financial reporting system that occurs in TB Makmur Jaya and apply their transactions into the Accurate System. The results of the study illustrate that TB Makmur Jaya does not yet have and has not implemented a proper recording system for UMKM standards, which is done is to make simple notes manually based on evidence of sales and purchases, the company also never compiled financial statements, based on the same transaction data the authors apply the Accurate application programe, through the application is obtained the results of financial recording and reporting in accordance with applicable standards, namely SAK UMKM. Keywords: Accurate System, Preparation of Financial Statement
Influence Firm Age and Firm Size With Intellectual Capital Performance
Abstract. Influence Firm Age and Firm Size with Intellectual Capital Performance (Empiric Study in Banking Sector in Indonesia Stock Exchange for period 2013-2015). Globalization at the moment is driving rapid economic changes. And the performance of Intellectual Capital is required by companies to deal with global competition today. This study using Intellectual Capital performance measured using Value Added Intellectual Capital (VAICTM) and is a method that used in this research as dependent variable and firm age and firm size as independent variable. The purpose of this research was to investigate the influence of firm age, and firm size on the firm performance with Intellectual Capital performance as dependen variable. This research was quantitative descriptive analysis using purposive sampling method with criteria that have been set, and resulted 30 samples from 43 populations. The data that used is taken by downloading data from Indonesian Stock Exchange The result show that simultaneously firm age and firm size affect significantly to Intellectual Capital performance, but in partial resulted firm age affect positively and does not significant on the Intellectual Capital performance. And firm size negatively and significantly affect on the Intellectual Capital performance. Keywords: Firm Age, Firm Size, Intellectual Capital Performance, VAICTM.
The Effect of Leverage and Firm Size to Assets Revaluation Decesion
Abstract. Assets are resources that are controlled by a company as a result of past events and from which future economic benefits are expected to be obtained by the company. In general, assets are divided into 2 groups, namely current assets and non-current assets. Current assets are assets that can be converted into cash in one operating cycle of the company or a maximum of 12 (twelve) months. While non-current assets are assets other than those classified as current assets. Non-current assets include fixed assets, intangible assets and long-term financial assets. The reporting of non-current assets in the statement of financial position according to the International Financial Reporting Standard (IFRS) is presented at fair value. On October 15, the Minister of Finance of the Republic of Indonesia released the Minister of Finance Regulation (PMK) No. 191 / PMK.010 / 2015 concerning Reassessment of Fixed Assets for Taxation Purposes for Requests Proposed in 2015 and 2016. Based on these two matters, many public companies should conduct asset revaluation, especially in 2015 and 2016. This is due to this year the government provided incentives in the form of a reduction in the final income tax rate on the revaluation of fixed assets. This study aims to determine internal factors that influence the company's decision to revaluate assets. The dependent variable studied is the decision of the company to do a revaluation or not. The dependent variable is proxied by the dummy variable, which is the revaluation of assets given a score of 1, while those who do not do a revaluation are given a score of 0. The independent variables in this study are Leverage and Firm Size. Logistic regression analysis was chosen to analyze whether leverage and firm size have an influence on the company's decision to revaluate assets. This research is expected to contribute to factors that influence the company's decision to revaluate assets. Keywords : revaluation, non current assets, leverage, firm size
MSME: The Role of Production Management in Determining Competitive Selling Prices
In fact, up to the present, the existence of MSMEs remains in a poor condition. In almost all countries, only a very small number of MSMEs are able to survive and develop into medium or large scale. The inability of business management, such as efficient production management and determination of profitable and sustainable selling prices, has always been a major obstacle faced by MSMEs. Tepung Talas Rusman (TTR) is an MSME that produces taro flour. This complementary product has a narrow market share with high price competition so that the management of production and determining the right selling price will greatly determine its ability to face competitors. This study aims to determine the application of production patterns and the calculation of appropriate production costs in determining competitive selling prices. The results showed that the constant production pattern and the use of ROI Pricing mark up method on TTR UMKM will create profitable and competitive selling prices so as to guarantee the profitability and sustainability of its business. Keyword: Production pattern, cost of production, mark up method, selling price
The Effect of Leverage, Capital Intensity Ratio and Earnings Management Against Corporate Tax Aggressiveness
Abstract. This study aims to analyze the influence of leverage, capital intensity ratio and earnings management on tax aggressiveness of manufacturing companies listed on the Indonesia Stock Exchange in 2014-2016. The company's tax aggressiveness in this study was measured using the Cash Effective Tax Rate (CETR). The population in this study is a manufacturing company listed on the Indonesia Stock Exchange (IDX) in 2014-2016, as many as 164 companies. The sampling technique used purposive sampling, and obtained 59 samples. Data analysis method in this study uses multiple linear regressions. The results of this study prove that leverage and earnings management have a positive effect on corporate tax aggressiveness while the Capital Intensity Ratio has no effect on corporate tax aggressiveness. Keywords: Leverage, Capital Intensity Ratio, Earnings Management, Tax Aggressiveness
The Effect of Liquidity, Profitability, and Solvability on Going Concern Opinion
Abstract. Financial reports are published to indicate corporate management accountability to stakeholders, especially investors or shareholdres. Auditor as an independent party who performs audit has an important role to to evaluating and assessing the financial report quality included the company's ability to continue its operation. Auditor must issue going cpncern opinion if there is a doubt on the company's future business continuity. This study discussed the assessment of company's financial condition measure using liquidity ratio, profitability ratio, and solvency ratio, and the impact of them on the issuance of going concern opinion. If company has a bad liquidity ratio, there is a high risk of company unable to fulfill its liabilities. The higher profitability indicates the company has been effective in managing its assets. If company has a bad solvency ratio, there is a high risk of company unable to keep its business sustainability. All of financial condition measurements (liquidity, profitability, and solvency) are crucial consideration on issuance of going concern opinion. This research used hypothetico-deductive method to examine the hypothesis. Hypothesis testing was conducted by logistic regression analysis with software of SPSS version 25 for IBM as statistical tools. Dependent variable in this research is the issuance of going concern opinion and independent variables are liquidity, profitability, and solvency. The result of this research are liquidity have significant influence on the issuance of going concern opinion. Profitability and solvency does not has a significant influence on the issuance of going concern opinion. Based on simultaneous test, liquidity, profitability, and solvency jointly have significant influence on the issuance of going concern opinion. Keywords: going concern opinion, liquidity, profitability, solvency.
The Effect of The Company Growth, The Audit Quality, The Tenure Audit, And The Opinion Audit on The Audit Opinion Going Concern
Abstract. The main purpose of investment is acquiring high rate of returns. This can be achieved if the company performs well and maintains its business continuance. Furthermore a company's business continuance can be predicted from its audit report based on whether the going concern opinion is present or not. Going concern opinion is released by the auditor to make sure that the company is able to maintain its business continuance in accordance with the going concern principle. Going concern opinion can also be used by financial statement user as a tool to predict the chances of company going bankrupt, and thus the auditor must be responsible on his audit opinion. This research is conducted in order to obtain empirical evidence in terms of the effect of the company growth, the audit quality, tenure audit as well as the previous audit opinion on the going concern opinion. The research was conducted on manufacturing companies listed on Indonesia Stock Exchange for the period of 2013-2017. The sample was taken using purposive sampling method. There were 22 companies as research samples. This research uses logistic regression analysis. The analysis shows that the company growth as well as previous audit opinion have effect on going concern opinion, whereas the audit quality and tenure audit have no effect on going concern opinion. The result has been shown that previous company growth, the audit quality, tenure audit as well as audit opinion affect simultanously the going concern opinion. Keywords : Company growth, audit quality, tenure audit, previous year audit opinion, going concern opinion.
The Influences of Management Changes, Financial Distress, and Reputation of Accounting Firm on Voluntary Auditor Switching at Agriculture Companies in IDX
Abstract. Producing a relevant and reliable of company financial report needs an involvement of independent third party such as public accountant or external auditor. In Indonesia, the regulation on auditor independence is stipulated by Peraturan Pemerintah No. 20 of 2015 on Public Accountant Practices. Based on this regulation, mandatory auditor switching must be made after five consecutive fiscal years. Currently, Peraturan Otoritas Jasa Keuangan No. 13/POJK.03/2017 on Public Accountant Services in Financial Services Activities states that the mandatory auditor switching must be conducted after three consecutive fiscal years. In practice, there are many companies that make auditors switching before the predetermined period of time. This voluntary auditor switching can be caused by the motivation of the company as auditee and the auditor. This research studies three factors influence on the voluntary auditor switching namely, management changes, financial distress, and reputation of public accountant firm. The method of this research is hypothetico-deductive method. The sample selection was done by purposive sampling technique with the sample of 15 agricultural companies listed on IDX during 2013 2017. This study uses binary logistic regression analysis because the dependent variable has dichotomous scale while the independent variables are in metrics and non metrics. Based on the result of binary logistic regression analysis in this research, management change and financial distress have a significant effect on voluntary auditor switching. Meanwhile, the reputation of the accounting firm has no significant influence on the voluntary auditor switching. The simultaneous test shows that management change, significantly in concurent. Keywords: voluntary auditor switching, management change, financial distress, reputation of accounting firm
The Impact of Accounting Firm Size, Previous Audit Opinion, Auditor Switching and Company Size on The Issuance of Going Concern Opinion
Abstract. The financial statement is prepared in order to support stakeholders in making the right decisions. The accuracy of the financial statements is tested by external auditor. When there are doubts about the company's ability to maintain its business continuity, the auditor will give an opinion with the explanatory paragraph on going concern. Going concern opinion becomes important because it can provide an early warning to stakeholders about the company's future condition. Larger accounting firm is more motivated to issue a going concern opinion. The previous year going concern opinion will encourage the auditor issue the same opinion in the current year. The auditor switching is done to prevent undesirable opinion such as going concern opinion. Smaller companies have higher risk of receiving going concerns opinion than larger companies. This study is testing the influence of size of accounting firm, previous audit opinion, auditor switching, and company size on going concern opinion. The data used in this study is secondary data obtained from audited annual financial statements available at the website of Indonesia Stock Exchange. There are 61 companies in the wholesale and retail trade industry as population of this research and 42 companies selected as samples. The study period is limited from year of 2014 to 2017. Data analysis is using Microsoft Excel and SPSS software version 24.0 with binary logistic regression formula. The results show that CPA size, auditors switching, and firm size do not have an effect on the issuance of going concern opinion. While the previous year audit opinion has an influence on the issuance of going concern opinion. The simultaneous test obtain a result that the CPA size, previous year audit opinion, auditor switching and firm size have simultaneously influence on the issuance of going concern opinion. Keywords: Accounting firm size, previous year audit opinion, auditor switching, company size.
Analysis of The Effects of Trade Receivable Policies, Funding Policies and Investment Policies on Company Profitability
Abstract. The goal of any company is to maximize profitability. Profitability is use to measure how far the effectiveness of overall management in creating a profit for the company. To achieve that objective then needed a policy that made of company by effectively and efficiently. Policy which needed in company that serve the sale on credit is the policy of account receivable. Receivable management is very important for any company's daily operation. With presence of appropriate receivable management then the company can minimize the uncollectible account receivable. Funding policy is very decisive the company's capability in doing that operate activity and effect toward risk of the company itself. Furthermore investment decision is often reputed as the most important decision making of corporate financial manager to achieve the company's aim one of which is to maximize the profitability of company. So expect the composition of these policies can maximize the company's profitability. This research is purpose to knowing the effect of account receivable policy, funding policy and investment policy towards profitability of company in automotive sector listed on Bursa Efek Indonesia year period 2005-2014. The sample of research consist of 3 automotive companies listed in Bursa Efek Indonesia and selected by purposive sampling. The research data is secondary data obtained from Indonesian Capital Market Electronic Library (ICAMEL) 2005 to 2014. The data analysis technique that used is path analysis to discern the effect of account receivable policy, funding policy and investment policy toward company's profitability. The result of this research prove partially that account receivable policy has no significant effect on profitability, funding policy negative and significant effect on profitability, investment policy positive and significant effect on profitability of the company. Whereas simultaneously account receivable policy and funding policy have significant effect on the profitability of company, account receivable policy and investment policy have no significant effect on profitability of company, funding policy and investment policy have significant effect on profitability of company, and account receivable policy, funding policy and investment policy have significant on the profitability of company. Keywords : Account Receivable Policy, Funding Policy, Investment Policy, Company Profitability
Total Asset Turnover Effect, Working Capital Turnover and Debt Ratio on Stock Price
Abstract. Stocks are investment instruments that are in great demand today. Invest in shares with the expectation of obtaining higher returns from other investment objects so that the company must be able to attract potential investors. Total Asset Turnover shows the level of efficiency of the overall use of the company's activities in generating a certain sales volume or a comparison between sales and total assets owned by the company. Capital Turnover is one of the ratios to measure or assess the effectiveness of the company's working capital during a certain period. If debt costs are smaller than equity funds, by adding debt to the balance sheet, the company can generally increase profitability, and increase its stock price. This study was conducted to examine whether total asset turnover (TATO), working capital turnover (NWCTO) and debt ratio (DER) to stock prices (Closing Price). Research conducted on consumption sector companies listed on the Stock Exchange in 2007-2016. This research method is carried out using samples from consumption sub-sector companies in 2007-2016. The analysis technique used is multiple regression analysis, hypothesis testing using t-statistics and f-statistics to test the regression coefficients simultaneously and partially with a significance level of 5%. From the results of the analysis shows that the variable total asset turnover (TATO), working capital turnover (NWCTO) and debt ratio (DER) simultaneously have a significant effect on stock prices Keywords: Total asset turnover, Capital Turnover, Debt to Equity Ratio Against Stock Price
Financial Information Capability in Predicting Changes in Future Profit and Cash Flows in The Consumer Goods Industry Manufacturing Company Available on The Indonesia Stock Exchange (IDX)
Abstract. The aim of this research is to determine the correlation of changes in earnings, changes in receivables, changes in inventories, changes in administration and sales costs, and changes in cash flows to predict earnings and future cash flows on industrial goods consumption recorded in the Indonesia Stock Exchange (BEI). The results showed that variable changes in inventories and changes in administration and sales costs have significant influence on the future earnigs. While the change in earnigs, changes in receivables, changes in cash flows has no significance influence on the future earnings. And the result showed that variable changes in inventories have significant influence on future cash flows. While the changes in earnings, changes in receivables, changes in administration and sales costs, and changes in cash flows has no significance on future cash flows. Keyword : earnigs, receivables, inventory, administration and sales costs, and cash flow
Analysis of Determinants of Student Interest in Investing in The Capital Market
Abstract. Investing in the capital market has not been fully understood and in demand by various circles, especially students. This study aims to analyze the influence of motivation, knowledge of investment, minimal investment capital, and the benefits of investment on the interest in investing in students in the capital market. The study was conducted at STIE Kesatuan in June 2018 for 200 students as respondents. Data analysis was performed using the PLS approach method for structural equation modeling. The results of the analysis show that the four exogenous variables positively and significantly influence the interest in investing in students. To increase the interest in investing in students in the capital market, they need to be made aware of the knowledge and benefits of investment, the minimum investment capital should be informed and the motivation to invest is enhanced. Keywords : Capital Market, Student, Investing, SEM-PLS
Taxation Treatment of Fixed Assets Acquisition of Tax Savings
Abstract. Fixed Asset is an asset that has a long useful life and a fairly material value. The acquisition process of fixed assets would require consideration for the company, because the mistake in considering how to obtain fixed assets will affect the company's operational activities, especially in terms of funds. For that we need a proper plan, regarding what policies need to be taken to acquire fixed assets.The purpose of this research is to know one of the most favorable alternatives of both types of methods that can be used is leasing and cash income taxes. Theresearch used quantitative description case study, using primary data and secondary data, primary data obtained based on observations and interviews while secondary data from corporate tax invoice data. The research was conducted at PT. X, which is a cement manufacturing company. The results prove that leasing is the most beneficial alternative method because the tax savings received by the company for this alternative are higher than those purchased with cash. Keywords : tax saving, leasing, and cash.
The Effect of Financing Quality, Efficiency and Optimization to Sharia Banking Performance
Abstract. Act of the Republic of Indonesia number 21 of 2008 concerning sharia (Islamic) banking states that sharia (Islamic) bank is a bank conducting business based on the sharia principles consisting of sharia (Islamic) commercial bank and sharia (Islamic) rural bank. This study aims to analyze the quality of financing, efficiency and optimization of financing to the performance of Islamic banks. The independent variables used in this study were Non-Performing Loans (NPF), Operational Costs of Operational Income (BOPO) and Financing to Deposit Ratio (FDR). While the dependent variable in this study was Net Income (NI). The object of this study were 11 Islamic banks in Indonesia. A multiple linear regression used to test hypotesis based on the secondary data obtained from financial statement publications of sharia commercial bank for five years (2013 to 2017). The results revealed that NPF and FDR have no significant effect on sharia banking performance. While BOPO has a significant negative effect at a significance level of 10%. Keywod : Sharia Bank, Performance, Financing Quality, Efficiency, Financing Optimizing
Effect of Accrual Quality on Earnings Quality
Abstract. In accounting economics we know about the Accrual Basis that regulates all records of each transaction both cash and non-cash, and in the Akrual recording itself there are two (2) influencing factors, namely Innate Accrual and Discretionary Accrual. In accrual recording in a company is very influential in determining the quality of earnings that can be obtained. By presenting the data, we can see how far the recording affects the profit of a company in its recording. The purpose of this research is to find out whether each company records accruals correctly or vice versa. The author conducts research using the financial statements of manufacturing companies in the industrial sector listed on the Indonesia Stock Exchange with a span of five (5) years, from 2010 - 2014. The results of the study regarding the effect of accrual quality on earnings quality state that accrual quality, both discretionary and innate indeed affects the earnings quality of a company. Therefore, the company's management policy also determines both the quality of accruals and the quality of the company's earnings. Companies with low accruals show good earnings quality because management's actions that report smaller profits are a form of conservative accounting application. Keywords: accrual quality, discretionary accrual, innate accrual, profit quality
Influence of Internal Audit and Good Corporate Governance on Financial Performance of Banking Companies
Abstract. The financial performance of the company is a description of the financial condition of a company in a certain period. For the company, improving financial performance is a must so that the company's shares remain attractive to investors. The financial statements published by the company are a reflection of the company's financial performance. The financial performance of a company can produce a financial information which can be used by users for investment decision making. This study uses secondary data, hence called secondary data analysis. The secondary data is using data already available in government agencies or using data obtained from the internet www.idx.com, www.sahamok.com. The sample is 111 companies for three years (2013-2015) taken by purposive sampling. The research variables consist of dependent variable that is internal audit and good corporate governance and independent variable that is financial performance. Data analysis used in this research is multiple regression analysis. Hypothesis shows the result that internal audit variable and good corporate governance have simultaneous effect to financial performance of banking company listed in BEI year 2013 until 2015. Internal audit variable has influence value equal to 20,4% and good corporate governance variable have influence value equal to 8,1 %. While the results of the influence of internal audit variables and good corporate governance together have an influence value of 28.5%. In that case the internal audit variable and good corporate governance have a very strong influence on the financial performance of banking companies. Keywords : internal audit, good corporate governance, corporate banking financial performance
The Effect of Inter-Period Tax Allocation Based on PSAK No.46 on The Coefficient of Accounting Profit Response
Abstract. The purpose of this research are: 1. To obtain empirical evidence of the presence or absence of changes in stock prices in the periods before and after PSAK No.46 (2014) in the Manufacturing Company of Miscellaneous Industries Sector. 2. To obtain empirical evidence concerning the influence of tax allocations between periods under PSAK No.46 (2014) on the accounting Earnings Response Coefficient(ERC) in Manufacturing Companies of Miscellaneous Industries Sector. 3. To obtain empirical evidence on the accounting Earnings Response Coefficient (ERC) in companies reporting deferred income tax differed from companies reporting deferred tax expense in the income statement of Miscellaneous Industries Sector Manufacturing Companies listed in Indonesia Stock Exchange (IDX) During the period from 2012 to 2015. The sample used is manufacturing of miscellaneous industry sector listed on BEI during period of 2012-2015. Variable used in this research is tax allocation between periods calculated by looking at the amount of income or deferred tax expense and divided by profit before income tax, and use control variable that is growth of accountancy profit, capital structure, and firm scale. The data used is the financial statements of companies published by the website www.idx.co.id. Data collection method used is purposive sampling method, that is sample determination technique with certain consideration, which yield 13 companies during four years of observation. And the statistic method used is multiple linear regression using SPSS program and performed classical assumption test is done first. The results of the study stated that: 1. Changes in stock prices in the period after PSAK No.46 (2014) are equal to the period before PSAK No.46 (2014). 2. Inter Period Tax Allocation between periods under PSAK No.46 (2014) has no effect on accounting earnings response coefficient (ERC). 3. The accounting earnings response coefficient (ERC) in firms that report deferred income taxes is not different from firms that report deferred income tax expense in the statements of income. Keywords : earnings response coefficient or erc, inter-period tax allocation, deferred tax income, deferred tax expense, deferred tax assets, deferred tax liability.
Fundamental and Macroeconomic Analysis on Stock Price
Abstract. The purpose of this research is to analyze the influence of fundamentals and macroeconomics on stock prices. The research was conducted at PT Tambang Batubara Bukit Asam, Tbk. Multiple linear regression method is used in parameter estimation method. The findings of this study show: (a) the results of fundamental analysis which includes the ratio of debt to equity (DER), return on assets (ROA) has a positive influence on stock prices, while earnings per share (EPS) and total assets turnover (TATO) have a negative influence on stock prices; (b) While in terms of macroeconomics, inflation has a positive effect on stock prices and the exchange rate has a negative effect on stock prices. Keywords: fundamental analysis, macroeconomics, stock prices
The Effect of Occupational Safety Health Management (OSH) and Organizational Culture on Employee Performance in Oil and Gas Mining.
Abstract. The goal of this research is to analyze safety management in Indonesia and learn from The Case of PT Caltex, Riau. Safety management is an important thing, especially to achieve the zero accident level. Safety management and organizational culture are used as independent variables and attempt to measure their effect on workers performance. The survey method is used with the total sample of 86 workers. The estimation model is a simple regression and multiple regression. The influence of safety management (X1) toward the level of workers performance (Y) was positive, which means the worker's performance will be better due to the improvement of safety management. Statistical method or t-test is used to determine the effect of independent variables toward dependent variable (workers performance). The influence of organizational culture (X2) toward the level of workers performance (Y) has a positive effect with a coefficient of regression 0.711 and coefficient of determination 85 %. The influence of safety management (X1) and organizational culture (X2) toward the level of workers performance (Y) has a positive effect simultaneously with a coefficient of correlation 0.947 and coefficient determination 89,7 %. The test of hypothesis showed that the parameter regression had a significant effect, and all the research hypotheses are accepted. The findings in this research give important things, to improve the management aspect and create a conducive organizational culture. Keywords: safety management, organizational culture, and worker's performance
The Influence of Regional Tax Revenue, Regional Retribution and Results of Management of Regional Wealth Separated on Local Government Revenue (PAD) of Bogor Regency Government
Abstract. This research to determine whether the Effect of Local Tax Revenues, Local Retributions and Results of Management of Disseminated Area Wealth to regions significantly Local Core Revenue in Bogor District. The research method used was descriptive by using secondary data obtained from Realization of Regional Revenue and Expenditure Budget Report of Bogor Regency. Data collection method used was Documentation and Library with quantitative approach. The data in this research was entirely transformed into Natural Logarithm form first so that data can be normal distribution. After data was collected, data were analyzed using SPSS program to test Local Tax Revenues, Local Retributions and Results of Management of Disseminated Area Wealth significantly related with Local Core Revenue either partially with correlation significance test and simultaneously. The analytical tool used was SPSS (Statistic Product and Service Solution) 23 Version. The results of this study indicate that the Local Tax variable has a significance value of 0,000, where the value Sig. below 0,05, so that the Local Tax variable significantly partial to the Local Core Revenue. Local Retributions variable has a significance value of 0,076, where the value of Sig. upper 0,05, so that the Local Retributions variable relates not significant partially to the Local Core Revenue. Results of Management of Disseminated Area Wealth variable has a significance value of 0,076, where the value of Sig. upper 0,05, so that the Local Retributions variable relates not significant partially to the Local Core Revenue. Based on the tests that have been done Local Tax Revenues, Local Retributions and Results of Management of Disseminated Area Wealth obtained R value of 0,999 which means together independent variables are strongly interconnected with Local Core Revenue. Keywords : local tax revenues, local retributions, results of management of disseminated area wealth and local core revenue
Impact of The Implementation of a One-Way System to The Level Attachment at The Salak The Heritage Hotel
Abstract. This research is motivated by government policy that implements One Way System (SSA) in around Bogor Botanical Garden, and this impact to the Hotel which is around SSA. This study aims to determine the Occupancy Rate of Hotel Salak The Heritage before and after One Way System (SSA). The data of this research is obtained from within the company, the sample is taken using purposive sampling technin, then using statistical analysis of paired sampel test with t-table 1.658 and t-count of 1,314 obtained both quantitatively and qualitatively. Qualitative analysis is the interpation of the data obtained from the Hotel Occupancy data, while the quantitative analysis includes the assumption test of class, and the paired sample t-test. The results of this study indicate that there is no difference in the occupancy rate of the hotel at the time before the change of one-way system and after a one-way change. Keywords: Occupancy Rate
Identifying The Causes Why Some of The Households in Bogor Have Not Yet Utilized The Service of The Tirta Pakuan Water Company (PDAM) of Bogor
Abstract. PDAM will remain focused on improving the quality of services with a variety of planned development programs. With strong commitment and strong cooperation, PDAM is optimistic to serve 100% of the people of Bogor City by 2019. Currently, the number of Bogor Household Households served by PDAM is 138,705 from the number of Households 261,898 (BPS Kota Bogor, 2017). What factors caused some people of Bogor City not to utilize drinking water service from PDAM? What strategy does PDAM use to reach 100% service target by 2019? This study is to find out why some Households in Bogor City have not utilized PDAM service yet. And this research uses relationship analysis, to identify the influence of revenue and availability of PDAM pipeline installation network to Household interest to become PDAM customer. The result of the analysis shows that there is no strong relationship between Household Income and Punishing Network Instability of PDAM Installation, to Household Interest to become PDAM's customer. of the 402 respondents used responded, as follows: A total of 192 respondents are interested in becoming a PDAM customer, by reason of need, drought anticipation, deep well water and decreasing water quality. A total of 85 respondents who stated hesitantly gave the reason, that well water is still feasible, because of the cost factor, because still living in contract house, PDAM is often problematic, depends on the surrounding neighborhoods, and the availability of alternative water source. A total of 125 respondents who expressed no interest in the reasons, that related to financial problems, living in rented houses and taps are often problematic. Keywords: Household Consumer PDAM
Influence of Flower Service, Service Value and Customer Satisfaction to Customer Loyalty
Abstract. The Flower of Service is core pruduct thath have in common on additional services elemen. there are two kinds of suplementary services, first supplementary services that make it easy, required needed to service or to give relief in the use to core product, second, supplementary services that strengthens, have added value to customer, servie value or we know value of service is a thing wich effect costumer satisfacion to buy or use goods or services offered, while consumer loyalty that is change to form a prospective buyer be a customer loyal and a client company. The purpose of this research is (1) to know the influence of Flower of Service to Customer Loyalty (2) to know the influence of Service Value to Customer Loyalty (3) to know the Influence of Customer Satisfaction to Customer Loyalty. Based on the results show that the regression equation: Y = 18.594 + 0.004X1-075X2 + 0.353X3 + error where this result means that if the Flower of Service is 1 then the alue of consumer loyalty will increase by 0.004 and have a non- significant relationship between the flower of service to customer loyalty, if service value is 1 then loyalty level will increase equal to -075 and have no significant relationship between service value to customer loyalty and if customer satisfaction is 1 then consumer loyalty value will increase equal to 0.353 have significant relation between customer satisfaction to loyalty customer. Keywords : flower service, service value, customer satisfaction, customer loyalty
Influence of Celebrity Endorser, Attractiveness and Packaging Impressions on Interest in Watching Pesbukers ANTV
Abstract. RESEARCH OBJECTIVES is to determine the effect of Celebrity Endorser, Impressions Attractiveness, Impression packaging and Interest in Watching of Pesbukers ANTV Television program(1) to know the effect of Celebrity Endorser to Interest in Watch (2) to know the effect of Impressions Attractiveness to Interest in Watch (3) to determine the effect of Impressions Packaging to Interest in Watch (4). The number of respondents in this study amounted to 100 respondents taken from students / I Sekolah Tinggi Ilmu Ekonomi Kesatuan Bogor. This research data in though by using SPSS. RESEARCH METHODS used is to use quantitative research that places the celebrity endorser, Attractiveness Impressions, and packaging Impression as independent variable and interest in watching as a dependent variable. With primary data used is questionnaires distributed to selected respondents and processed the results with statistical calculations. Results Y^=- 0,820+ + +0,353X3+ Which in this case means if the celebrity endorser is 1 (one) then the interest in watching value will be 0,207. If the attractiveness imprression is 1 (one) then the interest in watching will be 0,568. If the packaging impression is 1 (one) then the interest in watching will be 0,353. Keywords: Celebrity Endorser, Attractiveness Impressions, packaging Impression, Interest in Watching
The Influence of Brand Equity Elements on Purchase Decision and Its Imlication on Customer Loyalty
Abstract. This research aims to determine how the influence of brand equity elements (brand awareness, brand association, perceived quality, and brand loyalty) to purchase decision and their impact on consumer loyalty PT. Garuda Indonesia in Bogor City. This research used exogenous variables (brand awareness, brand association, perceived quality and brand loyalty) and endogenous variables (purchase decision and costumer loyalty). The sample method that used in this research was Roscoe. With 100 respondents selected are people who have been used the inflight services of Garuda Indonesia. This research data is processed using AMOS 22 for structural equation modeling analysis.The results of this research shows that brand awareness has a positive and significant influence to purchase decision, brand association has a positive and significant impact to purchase decision, perceived quality has a positive and significant influence to purchasie decision, brand loyalty has a positive and significant influence to purchase decision, and purchase decision has a positive and significant impact on customer loyalty. Because all variables show the result of t-count or Critical Ratio (C.R.) _>1.96 or p value _<0.05 which means the hypothesis is accepted. Keyword: Brand Awareness, Brand Association, Perceived Quality, Brand Loyalty, Purchase Decision, Customer Loyalty
Factors That Influence Small Business Performance in One- Way Traffic System Area
Abstract. This research aims to determine the factors that affect performance of micro, small and medium enterprises in Malabar, Lodaya and Gunung Gede before and after the implementation of one way system. There are several internal and external factors that influence the perfomance of micro, small and medium enterprises.This research used independen variables (human resources aspect, financial aspect, technical and operational aspect, market and marketing aspect, goverment policy aspect, Social, Economic and cultural aspect) and variable dependen (performance of micro, small and medium enterprises). The sampling method that used in this research is nonprobability with 100 respondents that have macro, small and medium enterprises in Malabar, Lodaya and Gunung Gede. Based on this research, obtained the conclusion that there are two factors that have positive affect and significant toward micro, small and medium enterprises before the implementation of one way system. The factors are financial aspect and market, marketing aspect earned t-count that bigger than t-table. Financial aspect (3,536>1,98), market and marketing aspect (5,402>1,98). And there are four factors that have positive affect and significant toward macro, small and medium enterprises after the implementation one way system. The factors are human resources aspect (2,082>1,98), financial aspect (3,287>1,98), technical and operational aspect (2,081>1,98), and market, marketing aspect (3,712>1,98). This research also got result that there are positive affect and significant from human resources aspect, financial aspect, technical and operational aspect, market and marketing aspect, goverment policy aspect, Social, Economic and cultural aspect together toward performance micro, small and medium enterprises before and after the implementation of one way system because it got f-count that bigger than t-table before the implementation of one way system it earned (18,446>2,20) and after the implementation of one way system (13,605>2,20). Keywords : human resources aspect, financial aspect, technical and operational aspect, market and marketing aspect, goverment policy aspect, Social, Economic and cultural aspect and performance of micro, small and medium enterprises.
Interest Analysis on Sekolah Tinggi Ilmu Ekonomi Kesatuan Bogor Students With Motivation Approach, Personality and Entrepreneurial Characteristics
Abstract. For the last decade entrepreneurship has undergone a rising interest and development in many countries, including Indonesia. One of the factors that contributes to entrepreneurship growth in a Nation is the entrepreneurship education provided by Universities. To build and develop entrepreneurship interest, universities must find the defining factors that greatly affect the students. This study was conducted to measure entrepreneurship interest of Sekolah Tinggi Ilmu Ekonomi Kesatuan Bogor students and to find the factors that affect such interest from motivation, skills, and education point of views. A survey with the questionnaire was the data gathering method and Structural Equation Modeling was deployed for the main analysis. The result showed that education gave the greatest positive effect on student's entrepreneurship interest with enthusiasm and comprehensive learning method as the dominant factors. Keyword: Interest in Entrepreneurship, motivation, entrepreneurship education
Strategy For Improving Performance and Competitive Advantages of Export-Based Shoe Msme in Bogor in The Free Trade Competition
Cooperative and MSME development is a strategic step to foster a level of development and become a concern both nationally and internationally. Based on the statistical data of the business unit, the number of MSME businesses is 62.9 million business units, of which the most are micro-enterprises with a percentage of 98.70% (Ministry of Cooperatives and UMKM, 2018 @KemenkopUKM) The specific objectives of this research are as follows: 1) Availability of evaluation and mapping of shoe MSMEs in Bogor, in the form of information relating to problems and solutions. 2) Availability of recommendations regarding the development of shoe MSMEs The results showed 1) several attributes, including production processes, production equipment, production control, buildings and facilities, markets, quality standardization, business management, capital, and promotion need to be improved. 2) Shoe MSMEs need better guidance in terms of production processes and production facilities in the form of equipment and training assistance to produce more high-quality products, as well as assistance in coaching in the promotion and promotion of market share both domestically and internationally. Keywords: Strategy, mapping, performance, competitive advantage, export, free trade, shoe area
Analysis of Long-Term Financial Management Policy Case Study PT Sierad Produce Tbk
The company's long-term financial policy is the policy that is associated with a model of the enterprise. Corporate funding can come from debt or equity. The company's equity capital can originate from own capital and shareholders as well as bonds. The purpose of this research is to identify on PT Sierad Produce Tbk; to find out the sources of capital used by the company; to know the performance of the company, and long-term financial policy. The results of this study showed that analysis of TP Sierad Produce Tbk more dominant use of equity in debt for the purposes of the company's capital. This is indicated by the ratio of debt to equity ratio which was only reached 48.37%, meaning that only 48.37% venture capital is funded by the equity that comes from its own capital and shareholders. The toughest issue facing the company is a matter of very high operating expenses, due to the price of chicken dropped below the cost of goods production and the company should sell loss because if not for sale will add to the burden of operational, while chicken prices in the more elderly lower. In the year 2015 is the year that the weight for the company in that year suffered a loss of up to 332 billion which caused many factors but by borrowing long-term debt the company succeeded in lowering the level of loss that very significant though still many deficiencies within the company and still losing money in of 68 billion, but it is an increase in the need to preserve. Things to do by the company is expanding exports of its products because the company needs for the production of raw materials in use are still imported and hit its high operating costs. Keywords: financial management, long-term funding, financial performance, financial ratios
The Influence of Funding Policy, Sales Level, And Return On Equity To The Growth of Companies
Abstract. The purpose of this study is to analyze what factors can affect the company's profit growth. Variables used in this study consisted of three independent variables: funding policy, sales level and return on equity. The dependent variable is the company's profit growth. The data used in this research is quantitative data with the secondary data source. This research was conducted by using statistical analysis that is multiple linear regression, a significant test of F and t, correlation coefficient and coefficient of determination at three food & beverage subsector companies, namely PT. Indofood Sukses Makmur Tbk, PT. Mayora Indah Tbk, and PT. Ultrajaya Milk Industry & Trading Company Tbk. The data used is a financial report with a period of 10 years, from 2007-2016. The results showed (1) Funding Policies (2) Level of Sales and (3) Return On Equity for PT. Indofood Sukses Makmur Tbk each has a positive, negative and negative influence on Corporate Growth Profit, for PT. Mayora Indah Tbk all three have a negative influence on the Company's Profit Growth. However, only Return On Equity has a significant effect. While for PT. Ultrajaya Milk Industry & Trading Company Tbk each positively, positively and negatively influence the Company's Profit Growth. Keywords: Funding Policy (Financial Structure), Sales Level (Sales Growth) and return on equity (ROE)