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Evaluasi Penerapan Pengendalian Internal Atas Piutang (Studi Pada PT X) Khoiriawati, Novi; Barokah, Zuni
Jurnal Akuntansi dan Ekonomika Vol 9 No 1 (2019): JURNAL AKUNTANSI & EKONOMIKA
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (572.49 KB)

The credit sales strategy has the consequence of substantial business receivables. Increased receivables will have an impact on the company's liquidity and threaten the survival of the company which causes the company to go bankrupt. This study aims to evaluate the implementation of internal controls based on the COSO framework and  analyze the factors that inhibit the implementation internal controls of receivables at PT X. This study used qualitative. Data was collected through questionnaires based on Internal Control Questionnaire (ICQ), interviews, and documentation. The analysis technique is Champion (1990). The results of study showed that implementation of internal control over account receivables PT X has score above 71,21%. There are 9 weaknesses in the implementation of internal control over receivables at PT X. The results of this study are expected to provide information and input to PT X in optimizing the implementation of internal control over receivables.

Evaluasi Penerapan Pengendalian Internal Atas Piutang (Studi Pada PT X) Novi Khoiriawati; Zuni Barokah
Akuntansi & Ekonomika Vol 9 No 1 (2019): JURNAL AKUNTANSI & EKONOMIKA
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Riau

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

The credit sales strategy has the consequence of substantial business receivables. Increased receivables will have an impact on the company's liquidity and threaten the survival of the company which causes the company to go bankrupt. This study aims to evaluate the implementation of internal controls based on the COSO framework and analyze the factors that inhibit the implementation internal controls of receivables at PT X. This study used qualitative. Data was collected through questionnaires based on Internal Control Questionnaire (ICQ), interviews, and documentation. The analysis technique is Champion (1990). The results of study showed that implementation of internal control over account receivables PT X has score above 71,21%. There are 9 weaknesses in the implementation of internal control over receivables at PT X. The results of this study are expected to provide information and input to PT X in optimizing the implementation of internal control over receivables.

Family Ownership, Independent Oversight, and Financial Information Transparency: Evidence From Asia Siti Nuke Nurfatimah; Zuni Barokah
The Indonesian Journal of Accounting Research Vol 20, No 3 (2017): IJAR September 2017
Publisher : The Indonesian Journal of Accounting Research

This study examines the association between family ownership and financial information transparency of large corporations in the Asian region and whether independent oversight (i.e., independent directors and external auditors) influences such relationship. The transparency of financial information is measured using earnings’ opacity which includes three dimensions, i.e., profit aggressiveness, loss avoidance, and income smoothing. The findings show a positive association between family ownership and financial information transparency. Further, we find that both independent director and external auditors negatively influence the relationship between family ownership and financial information transparency. Firms with a higher percentage of family ownership tend to have a weaker role of board independence, which leads to less transparent financial information. Lastly, external auditors also seem to have limited power in reducing earnings opacity in family firms.

Environmental and Social Reporting Practices of Shariah-Approved Companies in the Environmentally Sensitive Industry in Indonesia Zuni Barokah; RINTAN NUZUL AINY
The Indonesian Journal of Accounting Research Vol 19, No 3 (2016): IJAR September 2016
Publisher : The Indonesian Journal of Accounting Research

Abstract: This study explores the extent of environmental and social reporting (ESR) in the annual report of Shariah-Approved Companies (SAC) in the Indonesian environmentally-sensitive sectors and examines whether there are any differences in the disclosure strategy between SAC and Non-SAC. According to social accountability and disclosure concept, companies which practice Islamic concept would normatively disclose more information about environmental and social responsibility. Using content analysis on annual reports of Indonesian listed firms in the manufacturing and mining industries, we find some differences in the disclosure strategy between SAC and Non-SAC. SAC tend to have more concern toward environmental responsibility information, whereas Non-SAC tend to disclose more about social responsibility information. Further, we find that firms issuing sustainability reports tend to have a higher level of ESR disclosures. However, we do not find support on the role of the external auditor in encouraging their clients to disclose more information on ESR, which could be due to the lack of standard and guideline in disclosing ESR provided by the regulator. Abstrak : Studi ini mengeksplorasi tingkat pelaporan lingkungan dan sosial (ESR) dalam laporan tahunan Perusahaan-Perusahaan yang Disetujui-Syariah (SAC) di sektor-sektor yang peka terhadap lingkungan di Indonesia dan memeriksa apakah ada perbedaan dalam strategi pengungkapan antara SAC dan Non-SAC. Menurut konsep akuntabilitas dan pengungkapan sosial, perusahaan yang mempraktekkan konsep Islam akan secara normatif mengungkapkan lebih banyak informasi tentang tanggung jawab lingkungan dan sosial. Menggunakan analisis konten pada laporan tahunan perusahaan-perusahaan yang terdaftar di Indonesia di industri manufaktur dan pertambangan, kami menemukan beberapa perbedaan dalam strategi pengungkapan antara SAC dan Non-SAC. SAC cenderung lebih memperhatikan informasi tanggung jawab lingkungan, sedangkan Non-SAC cenderung mengungkapkan lebih banyak tentang informasi tanggung jawab sosial. Lebih lanjut, kami menemukan bahwa perusahaan yang menerbitkan laporan keberlanjutan cenderung memiliki tingkat pengungkapan ESR yang lebih tinggi. Namun, kami tidak menemukan dukungan pada peran auditor eksternal dalam mendorong klien mereka untuk mengungkapkan informasi lebih lanjut tentang ESR, yang mungkin karena kurangnya standar dan pedoman dalam mengungkapkan ESR yang disediakan oleh regulator.Abstrak :Studi ini mengeksplorasi tingkat pelaporan lingkungan dan sosial (ESR) dalam laporan tahunan Perusahaan-Perusahaan yang Disetujui-Syariah (SAC) di sektor-sektor yang peka terhadap lingkungan di Indonesia dan memeriksa apakah ada perbedaan dalam strategi pengungkapan antara SAC dan Non-SAC. Menurut konsep akuntabilitas dan pengungkapan sosial, perusahaan yang mempraktekkan konsep Islam akan secara normatif mengungkapkan lebih banyak informasi tentang tanggung jawab lingkungan dan sosial. Menggunakan analisis konten pada laporan tahunan perusahaan-perusahaan yang terdaftar di Indonesia di industri manufaktur dan pertambangan, kami menemukan beberapa perbedaan dalam strategi pengungkapan antara SAC dan Non-SAC. SAC cenderung lebih memperhatikan informasi tanggung jawab lingkungan, sedangkan Non-SAC cenderung mengungkapkan lebih banyak tentang informasi tanggung jawab sosial. Lebih lanjut, kami menemukan bahwa perusahaan yang menerbitkan laporan keberlanjutan cenderung memiliki tingkat pengungkapan ESR yang lebih tinggi. Namun, kami tidak menemukan dukungan pada peran auditor eksternal dalam mendorong klien mereka untuk mengungkapkan informasi lebih lanjut tentang ESR, yang mungkin karena kurangnya standar dan pedoman dalam mengungkapkan ESR yang disediakan oleh regulator.

Sustainability Reporting By Universities In Indonesia Abstract Birowo Yasbie; Zuni Barokah
The Indonesian Journal of Accounting Research Vol 21, No 3 (2018): IJAR September 2018
Publisher : The Indonesian Journal of Accounting Research

Abstract: This study aims to describe sustainability reporting practices by universities in Indonesia by knowing the reporting channel used by universities and the conformity of information disclosure with GRI G4 indicator and campus sustainability assessment instrument. This study uses a framework with 73 indicators based on GRI and a campus sustainability assessment instrument to analyze information disclosed by universities in Indonesia. The results of the analysis show that the level of disclosure of sustainability information conducted by universities in Indonesia is lower when compared with universities in Canada and Lithuania. Disclosure of information undertaken by universities in Indonesia remains limited in scope, and no universities disclose sustainability information in an integrated report. Abstrak: Penelitian ini bertujuan untuk mendeskripsikan praktik pelaporan keberlanjutan oleh perguruan tinggi di Indonesia dengan mengetahui saluran pelaporan yang digunakan oleh universitas dan kesesuaian pengungkapan informasi dengan indikator GRI G4 dan instrumen penilaian keberlanjutan kampus. Penelitian ini menggunakan kerangka kerja dengan 73 indikator berdasarkan GRI dan instrumen penilaian keberlanjutan kampus untuk menganalisis informasi yang diungkapkan oleh universitas di Indonesia. Hasil analisis menunjukkan bahwa tingkat pengungkapan informasi keberlanjutan yang dilakukan oleh universitas di Indonesia lebih rendah bila dibandingkan dengan universitas di Kanada dan Lithuania. Keterbukaan informasi yang dilakukan oleh universitas di Indonesia masih terbatas dalam ruang lingkupnya, dan tidak ada universitas yang mengungkapkan informasi keberlanjutan dalam laporan terpadu.

The Effect of Earnings Quality on Cost of Equity Through Information Asymmetry: An Empirical Study of the Manufacturing Companies in the Indonesia Stock Exchange Dewi Melinda; Zuni Barokah
The Indonesian Journal of Accounting Research Vol 22, No 3 (2019): IJAR September 2019
Publisher : The Indonesian Journal of Accounting Research

This research examines the effect of earnings quality on the cost of equity and whether information asymmetry affects the relationship as a mediator. A hundred and twenty-three manufacturing companies listed in the Indonesia Stock Exchange during 2007-2012 were selected through a purposive sampling method. This study uses absolute discretionary accruals (|DA|) to measure earnings quality, bid-ask spread to proxy information asymmetry, and CAPM to measure the cost of equity. Using the bootstrapping method in the hypotheses testing, this study finds a significant negative effect of earnings quality on the information asymmetry. However, there is no support on the positive association between information asymmetry and the cost of equity, as well as the role of information asymmetry as a mediator on the negative association between earnings quality and cost of equity.

Do Sharia Banks Disclose More? (An Empirical Study of Indonesian Banking Sector) Ristiani Puji Lestari; Zuni Barokah
The Indonesian Journal of Accounting Research Vol 19, No 1 (2016): IJAR January 2016
Publisher : The Indonesian Journal of Accounting Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33312/ijar.369

Abstract : This study aims to investigate the extent of corporate governance reporting practices in the Indonesian banking sector. Specifically, it seeks to address whether firm-specific characteristics and sharia identity determine the extent of voluntary corporate governance disclosures. The finding shows that larger companies and ones with a higher level of debt tend to provide greater disclosure of corporate governance information. However, higher profitability, as well as sharia identity, do not seem to provide a higher level of disclosure compared to the conventional ones. These findings lead to an interesting question of whether sharia identity matters in the corporate governance disclosure of banking industry.Abstract : Penelitian ini bertujuan untuk mengetahui sejauh mana praktik pelaporan corporate governance di sektor perbankan Indonesia. Secara studi ini menguji apakah karakteristik spesifik perusahaan dan identitas syariah menentukan tingkat pengungkapan tata kelola perusahaan secara sukarela. Temuan menunjukkan bahwa perusahaan besar dan perusahaan dengan tingkat utang yang lebih tinggi cenderung memberikan pengungkapan yang lebih besar atas informasi tata kelola perusahaan. Namun, profitabilitas yang lebih tinggi, serta identitas syariah, tampaknya tidak memberikan tingkat pengungkapan yang lebih tinggi dibandingkan dengan yang konvensional. Temuan ini mengarah pada pertanyaan menarik tentang apakah identitas syariah penting dalam pengungkapan tata kelola perusahaan industri perbankan.

The Influence of Foreign Currency Volatility on Stok Return and Cash Flows: An Empirical Study in Indonesia Listed Companies Nyoman Ardhianta Putera; Zuni Barokah
The Indonesian Journal of Accounting Research Vol 21, No 3 (2018): IJAR September 2018
Publisher : The Indonesian Journal of Accounting Research

Abstract:This study investigates the impact of foreign currency volatility on companies' stocks returns and cash flow. Based on the analysis of 184 companies during January 2011 – December 2015, we find significant associations between foreign currency volatilities (REER) and companies’ stock returns. Further, we also find significant associations between foreign currency volatilities (REER, USD, JPY, EUR) and companies' quarterly cash flows. However, further inspection by using annual financial statements to replace quarterly cash flows reveals that only REER has a significant association with annual cash flows. Although the difference findings could be due to a smaller number of samples included in the model using annual cash-flows (n=920) which is much smaller than the model incorporating quarterly cash-flows (n=3,660), the findings may also indicate that the effect of foreign currency volatility is more pronounced to the more timely financial statements and is dissipated overtime in the annual financial statements. Overall, the findings are consistent with previous studies of Booth & Rotenberg (1990), Bartram (2008), and Atanasov & Nitschka (2015) which suggest that corporate cash flows are subject to foreign currency volatilities and companies’ future cash flow might be disturbed due to unexpected exchange rates changes.Abstrak: Studi ini menyelidiki dampak dari volatilitas mata uang asing pada pengembalian saham perusahaan dan arus kas. Berdasarkan analisis 184 perusahaan selama Januari 2011 - Desember 2015, kami menemukan hubungan yang signifikan antara volatilitas mata uang asing (REER) dan pengembalian saham perusahaan. Selanjutnya, kami juga menemukan hubungan yang signifikan antara volatilitas mata uang asing (REER, USD, JPY, EUR) dan arus kas kuartalan perusahaan. Namun, pemeriksaan lebih lanjut dengan menggunakan laporan keuangan tahunan untuk menggantikan arus kas kuartalan mengungkapkan bahwa hanya REER yang memiliki hubungan signifikan dengan arus kas tahunan. Meskipun temuan perbedaan bisa disebabkan oleh sejumlah kecil sampel yang termasuk dalam model menggunakan arus kas tahunan (n = 920) yang jauh lebih kecil daripada model yang menggabungkan arus kas kuartalan (n = 3.660), temuan juga dapat menunjukkan bahwa efek dari volatilitas mata uang asing lebih nyata pada laporan keuangan yang lebih tepat waktu. Secara keseluruhan, temuan konsisten dengan studi sebelumnya Booth & Rotenberg (1990), Bartram (2008), dan Atanasov & Nitschka (2015) yang menunjukkan bahwa arus kas perusahaan tunduk pada volatilitas mata uang asing dan arus kas masa depan perusahaan mungkin terganggu karena perubahan nilai tukar yang tidak terduga.

Does Comprehensive Income Predict Future Cashflow Better Than Net Income? Bayu Setyawan Suprayogi; Zuni Barokah
The Indonesian Journal of Accounting Research Vol 22, No 2 (2019): IJAR May 2019
Publisher : The Indonesian Journal of Accounting Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33312/ijar.469

This study examines the ability of net income and comprehensive income in predicting future cash flows on publicly listed companies in Indonesia Stock Exchange. Further, this study also compares the ability of net income and comprehensive income in predicting future cash flows. Based on the sample of 1,735 firm-year observations of Indonesian listed companies for the financial years of 2011-2016, the result shows that both net income and comprehensive income have a significant relationship with future cash flows. However, we find that comprehensive income does not have a better capability than net income in predicting future cash flows.

Corporate Governance, Environmental Responsibility and Firm Value: An Empirical Study in Indonesia and Malaysia Rintan Nuzul Ainy; Zuni Barokah
Journal of Accounting and Investment Vol 20, No 2: May 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

This study examines the correlation between corporate governance, environmental responsibility, and firm value in Indonesia and Malaysia. This study extends the literature in consideration of the role of environmental responsibility in indirect correlation between corporate governance and firm value. The environmental responsibility data index is calculated by conducting a content analysis of companies’ annual and sustainability reports in 2013. The other data are obtained from the database of OSIRIS, Bursa Malaysia (Stock Exchange of Malaysia), and Bursa Efek Indonesia (Indonesia Stock Exchange). The results show that corporate governance influences the company’s decision in performing voluntary activities such as environmental responsibility. This study shows that Malaysian and Indonesian markets do not respond to environmental responsibility information. It may be considered that the public in Malaysia and Indonesia lacks awareness of the importance of environmental responsibility.

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