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Manufacturing Corporate Life Cycle and Discretionary Accruals with Piecewise Linear Model Cahyo Indraswono; Anggreni Dian Kurniawati
Media Ekonomi dan Manajemen Vol 35, No 1 (2020): Competitive Challenges Facing Indonesia in the Global Economy
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (273.901 KB) | DOI: 10.24856/mem.v35i1.1195

Abstract

This study aimed to investigate the effect of life cycle at the critical point of the growth mature and mature-stagnant stages of discretionary accruals and the effect of company age on discretionary accruals. In addition, this study also examines the differences of discretionary accruals in growth-mature stage and mature-stagnant stage. The data observation in this study is financial statement data of 341 manufacturing companies listed on Indonesia Stock Exchange in 2015-2017. The dependent variable is discretionary accruals that focuses on the piecewise linear model and the independent variables are the life cycle and the company age. Life cycle grouped into two critical point stages, namely the growth-mature stage and the mature-stagnant stage. Multiple linear regression is used to test hypotheses. The results show that there is a negative effect on growth-mature and mature stagnant in critical points of the discretionary accruals and there is a positive effect on the company age on discretionary accruals. Moreover, this study also proves that there are differences in discretionary accruals at growth-mature stage and mature-stagnant stage.
Traditional and Modern Analysis Performance Indicators: Evidence from New York Stock Exchange Cahyo Indraswono
KINERJA Vol. 25 No. 1 (2021): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v25i1.4355

Abstract

Assessment of company performance can be done using traditional and modern techniques. Each test carried out has the advantages and disadvantages of the order if applied to companies listed on major stock exchanges. This study aims to determine the traditional and modern analysis of stock performance indicators on the New York Stock Exchange. The company index used was the Dow Jones index. Company performance was measured using two indicators, namely modern performance indicators reflected in Economic Value Added (EVA) and traditional performance indicators reflected in Return on Assets (ROA), Return on Equity (ROE), Earning Per Share (EPS), and Dividend Per Share (DPS). This research was conducted employing purposive sampling on 29 companies indexed by Dow Jones during the 2015-2018 period. The data analysis techniques used were descriptive statistics, classical assumption test, and multiple regression analysis. The results of hypothesis testing in this study show that partially modern performance indicator, namely Economic Value Added (EVA), has an insignificant and negative effect on Stock Return. Meanwhile, traditional performance indicators, namely Return on Assets (ROA), Return on Equity (ROE), Earning Per Share (EPS), and Dividend Per Share (DPS) have a significant and positive effect on Stock Return. The results of simultaneous hypothesis testing show that Economic Value Added (EVA), Return on Assets (ROA), Return on Equity (ROE), Earning Per Share (EPS), and Dividend Per Share (DPS) have a significant and positive effect on Stock Return.Keywords:  Economic Value Added (EVA), Return on Asset (ROA), Return on Equity (ROE), Earning Per Share (EPS), and Dividend Per Share (DPS), Stock Return.
KONFLIK KEPENTINGAN KLASIK BONDHOLDERS-SHAREHOLDERS DENGAN FRAME KONSERVATISME Cahyo Indraswono
Modus Vol. 34 No. 1 (2022): MODUS
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/modus.v34i1.5023

Abstract

ABSTRACTConflicts of interest often occur in business conditions because there are many stakeholders in it. This study aims to further examine the classical conflict of interest between bondholders-shareholders in a conservatism frame. This research is interesting because the sample taken is a company indexed by the LQ45 index of the Indonesia Stock Exchange with a data observation period of 2016-2020. The choice of the LQ45 index is an indicator of actively traded companies with the highest market capitalization listed on the stock exchange, so that a reflection of conflict is expected to be seen in various industrial sectors. Bondholders are those who benefit when the company is not too aggressive in running its business. The purpose of the bondholder in business is to ensure the availability of payments that can occur and are sustainable for debt. Shareholders are the parties who benefit when the company has an optimal level of profit. However, these benefits are obtained by making loans with third parties from some of the assets owned. This conflict occurs when the availability of dividend payments to shareholders increases and the availability of payments on debt decreases, so that in various cases bondholders often make efforts to limit dividend payments. The company's profitability is the beginning of the bondholder-shareholder conflict of interest in accounting conservatism. The results obtained from this study: (1). The classic bondholders-shareholder conflict of interest has no effect on the conservatism frame; (2). The company's profitability has a positive effect on the conservatism frame. Keywords:  conservatism frame; classical conflict of interest bondholders-shareholders; profitability; leverage; Return on Assets ABSTRAKKonflik kepentingan sering terjadi dalam kondisi bisnis karena banyaknya pemangku kepentingan berada di dalamnya. Penelitian ini bertujuan melihat lebih lanjut konflik kepentingan klasik antara bondholders-shareholders dalam bingkai konservatisme. Penelitian ini menjadi menarik karena sampel yang diambil adalah perusahaan terindeks indeks LQ45 Bursa Efek Indonesia dengan periode pengamatan data tahun 2016-2020. Pemilihan indeks LQ45 merupakan indikator perusahaan aktif diperdagangkan dengan kapitalisasi pasar tertinggi terdaftar di bursa saham, sehingga cerminan dari konflik diharapkan akan terlihat dari berbagai sektor industri. Bondholder merupakan pihak yang diuntungkan ketika perusahaan tidak terlalu agresif dalam menjalankan bisnisnya. Tujuan bondholder dalam bisnis adalah menjamin ketersediaan pembayaran dapat terjadi dan berkesinambungan terhadap utang. Shareholder merupakan pihak yang diuntungkan ketika perusahaan memiliki tingkat keuntungan yang optimal. Namun keuntungan tersebut didapatkan dengan cara melakukan pinjaman dengan pihak ketiga dari beberapa aset yang dimiliki. Konflik ini terjadi ketika ketersediaan pembayaran dividen bagi shareholder meningkat dan ketersediaan pembayaran atas utang menurun, sehingga dalam berbagai kasus bondholder sering melakukan upaya pembatasan dalam pembayaran dividen. Profitabilitas perusahaan merupakan awal dari konflik kepentingan bondholder-shareholder yang berada dalam konservatisme akuntansi. Hasil yang didapatkan dari penelitian ini: (1). Konflik kepentingan klasik bondholders-shareholders tidak berpengaruh terhadap frame konservatisme; (2). Profitabilitas perusahaan berpengaruh positif terhadap frame konservatisme. Kata kunci:    frame konservatisme; konflik kepentingan klasik bondholders-shareholders; profitabilitas; leverage; Return on Assets
Kemampulabaan Industri Terdampak Sebelum Dan Selama Pandemi Covid-19: Uji Beda Antar Sektor Di Bursa Efek Indonesia Cahyo Indraswono; Julianto Agung Saputro; Nimas Kurnia Utami
Jurnal Akuntansi Bisnis dan Ekonomi Vol. 8 No. 1 (2022): Jurnal Akuntansi Bisnis dan Ekonomi (JABE)
Publisher : Universitas Widyatama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33197/jabe.vol8.iss1.2022.947

Abstract

Kemampulabaan perusahaan merupakan pondasi utama dalam bisnis. Tanpa adanya laba yang cukup bisnis tidak dapat berjalan secara sempurna. Beberapa kondisi yang memungkinkan perusahaan memperoleh laba sangat tergantung dari kondisi perekonomian suatu Negara. Kondisi pandemi COVID-19 membawa banyak perubahan hingga saat ini. Kondisi pandemi mengharusnya perubahan pola hidup menjadi fokus pada kesehatan. Hal ini tentunya juga berdampak pada beberapa sektor perusahaan yang lain. Penelitian ini menguji kemampulabaan perusahaan pada sektor Kesehatan, Manufaktur dan Transaportasi-Logistik. Pemilihan sektor ini didasarkan pada analisa kondisi dan situasi selama pandemi yang merupakan sektor terdampak. Hasil penelitian mengungkapkan bahwa sebelum dan selama pandemi sektor kesehatan mengalami perbedaan yang signifikan yaitu mengalami kenaikan laba. Sektor manufaktur dan Transportasi-Logistik mengalami perbedaan signifikan yaitu mengalami penurunan laba. Berdasarkan hasil uji beda pada ketiga sektor tersebut secara signifikan terdapat perbedaan antar ketiga sektor tersebut
Do you know Company Value? It's Depend on Accounting Disclosure and Performance Environment: Evidence from Indonesian Country Julianto Agung Saputro; Cahyo Indraswono
KINERJA Vol. 26 No. 2 (2022): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v26i2.5765

Abstract

This research is important to do to find out the factors that affect the firm value. Therefore, researchers want to examine the effect of ADCE and environmental performance on firm value. Researchers used the 2016 GRI standards to measure environmental performance. The results of this study are expected to add/strengthen empirical evidence regarding legitimacy theory and the triple bottom line concept as well as deepen knowledge about what factors can affect firm value, which can be used as additional references for research. in the future and hopes to add to the company's initiatives in preserving the environment. This study provides the following conclusions accounting disclosure Carbon emissions have a negative effect on firm value and environmental performance has a positive effect on firm value. This means that if the environmental performance of a company is getting better, it can increase the value of the company because investors will give a positive response by buying company shares so that it can increase share prices which have implications for increasing company value. For the government, if ADCE is made as a regulation, what must be considered is to provide a third party as a verifier in the calculation of carbon emissions so that the ADCE disclosed by the company can be trusted. For companies, if they want to disclose carbon information voluntarily, it is better to choose which information should be disclosed.
PELATIHAN PEMBUKUAN AKUNTANSI DENGAN KOMPUTERISASI SEDERHANA PADA LURIK MULYATEX PEDAN KLATEN Cahyo Indraswono; Atika Jauharia Hatta; Toyibah Kusumawati; Y. Yohakim Marwanta; Muhammad Sabandi; Anggreni Dian Kurniawati; Kamalia Putri; Bianka Andriyani
Jurnal Dharma Bhakti Ekuitas Vol 7 No 1 (2022): Jurnal Dharma Bhakti Ekuitas
Publisher : STIE Ekuitas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52250/p3m.v7i1.564

Abstract

The purpose of this community service program is to improve the ability of Mulyatex Lurik craftsmen to manage their finances through simple accounting books. UMKM Mulyatex operates in the Pedan Klaten area, which is a lurik production center. The main issue for micro, small, and medium-sized enterprises (MSMEs) is the use of accounting books, which are still very simple, consisting of records in a small book relating to receivables owned by customers and debts owned by the owner. The method used by the servant to help improve financial management skills is carried out by providing structured training and assistance to carry out computer-based bookkeeping that is still simple, namely by using the Excel program that has been designed by the servant. The results of the service show better recording abilities, so that the Mulyatex lurik manager is able to find out how much profit is actually earned, determine the cost of production, and better record debts and receivables.Keywords: MSME accounting, computerized accounting, Mulyatex Lurik, community partnership program. ABSTRAKTujuan dari pengabdian masyarakat ini adalah untuk meningkatkan kemampuan perajin lurik Mulyatex dalam mengelola keuangannya melalui pembukuan akuntansi sederhana. UMKM Mulyatex beroperasi di daerah Pedan Klaten yang merupakan sentra produksi lurik. Masalah utama dari usaha mikro, kecil dan menengah (UMKM) ini adalah penggunaan pembukuan akuntansi yang masih sangat sederhana, yaitu dengan menggunakan pencatatan pada buku kecil terkait piutang yang dimiliki pelanggan maupun hutang yang dimiliki oleh pemilik. Metode yang dilakukan oleh pengabdi untuk membantu meningkatkan kemampuan pengelolaan keuangan ini dilakukan dengan memberikan pelatihan dan pendampingan secara terstruktur untuk melakukan pembukuan berbasis komputer yang masih sederhana, yaitu dengan menggunakan program excel yang telah dirancang oleh pengabdi. Hasil pengabdian menunjukkan kemampuan pencatatan yang lebih baik, sehingga pengelola lurik Mulyatex mampu mengetahui berapa keuntungan yang sesungguhnya diperoleh, menetapkan harga pokok produksi, serta mencatat hutang dan piutang secara lebih baik.Kata kunci: akuntansi UMKM, komputerisasi akuntansi, lurik Mulyatex, program kemitraan masyarakat.
PENGARUH KARAKTERISTIK AUDITOR INDEPENDEN DAN AFILIASI KANTOR AKUNTAN PUBLIK BEREPUTASI TERHADAP KUALITAS AUDIT Anggreni Dian Kurniawati; Sisianti Dewi Putry; Cahyo Indraswono
Jurnal Akuntansi Dan Manajemen Vol 33 No 3 (2022): JAM Vol 33 No 3 Desember 2022
Publisher : LPPM STIE YKPN Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53916/jam.v35i3.67

Abstract

This study aims to provide empirical data about the impact of workload and auditor specialty, two independent auditor characteristics, on audit quality as well as the impact of affiliation with a reputable public accounting firm. In this study, absolute discretionary accruals using the Modified Jones technique are used as a proxy for audit quality. 129 manufacturing businesses registered on the Indonesia Stock Exchange for the years 2017 through 2020 comprise the sample for this study. Data from the Public Accounting Firm's 2017–2020 audited financial reports as well as PPPK data on the number of partners and clients are utilized. Purposive sampling was used to do the sampling. The study found that while the auditor specialization variable had no effect on audit quality, the workload variable had a positive effect on audit quality. The affiliation with a reputable public accounting firm has an effect on audit quality, however this study cannot prove it.