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<![CDATA[Penyusunan Forecasting Laporan Keuangan Menggunakan Weighted Moving Average Dan Penilaian Penyertaan Modal Negara Pada BUMN Konstruksi: Studi Kasus PT Waskita Karya (Persero) ]]>
<![CDATA[Agung Dinarjito]]>
<![CDATA[ Jurnal Pajak dan Keuangan Negara (PKN) Vol 4 No 1 (2022): Pulih Lebih Cepat, Bangkit Lebih Kuat ]]>
Publisher : <![CDATA[Politeknik Keuangan Negara STAN ]]>
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DOI: 10.31092/jpkn.v4i1.1766
<![CDATA[Peramalan laporan keuangan dan penilaian usaha menjadi satu kesatuan proses penilaian penyertaan modal Pemerintah pada BUMN. Peramalan laporan keuangan digunakan untuk melihat kelangsungan hidup perusahaan dari sisi kinerja dan posisi keuangannya. Penelitian ini merupakan penelitian deskriptif dengan pendekatan studi kasus dengan obyek penelitian adalah PT Waskita Karya (persero) Tbk (WSKT). Tujuan penelitian ini adalah untuk membuat proyeksi lapoaran keuangan menggunakan metode moving average, melakukan penilaian usaha dan penilaian intrinsik saham, serta melakukan penilaian penyertaan modal Pemerintah pada WSKT. Data yang digunakan adalah data sekunder yang diambil dari berbagai sumber. Hasil penelitian ini menunjukkan bahwa proyeksi laporan keuangan dapat dilakukan menggunakan metode moving average. Selain itu, hasil penilaian menunjukkan bahwa nilai bisnis WSKT yang diukur dengan metode FCFF adalah Rp134,125 triliun. Kemudian, nilai intrinsik saham WSKT per lembar adalah Rp1.269 (FCFF), Rp17,45 (DGM). Untuk nilai penyertaan modal Pemerintah pada WSKT setelah mempertimbangkan DLOM dan PFC adalah Rp40 triliun (cara 1) dan Rp13 triliun (cara 2).]]>
<![CDATA[SCL Sebagai Sarana Memanen Kreativitas Siswa Di Bidang Akuntansi ]]>
<![CDATA[Agung Dinarjito]]>
<![CDATA[ Jurnal Pajak dan Keuangan Negara (PKN) Vol 4 No 1S (2022): Sigap Hadapi Tantangan, Tangguh Kawal Pemulihan ]]>
Publisher : <![CDATA[Politeknik Keuangan Negara STAN ]]>
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DOI: 10.31092/jpkn.v4i1S.1912
<![CDATA[Penelitian ini bertujuan untuk membahas apakah student center learning (SCL) dalam bentuk project based learning (PBL) dan case study learning (CSA) apakah tepat digunakan untuk pembelajaran bidang akuntansi dan dapat memberikan manfaat bagi siswa di bidang akuntansi. Penelitian dilakukan sehubungan dengan program Merdeka Belajar – Kampus Merdeka yang diselenggarakan oleh Kementerian Pendidikan dan Kebudayaan yang cenderung mengarah pada SCL. Penelitian ini menggunakan metode scoping review dengan melihat literatur-literatur terkini dimulai tahun 2011 sampai dengan 2022. Hasil scoping review menemukan bahwa SCL, PBL dan CSA merupakan pendekatan pembelajaran yang tepat digunakan karena memberikan manfaat yang besar bagi mahasiswa baik dari sisi ketrampilan dan kompetensi teknis maupun kompetensi sosial untuk menjadi seorang profesional di bidang akuntansi. Bentuk SCL yang tepat adalah apabila mampu mengintegrasikan dengan praktik nyata di perusahaan. SCL dapat terwujud apabila terdapat koordinasi dan perencanaan yang baik dari seluruh stakeholder yang terkait, baik dari sisi sekolah, pendidik, mahasiswa maupun perusahaan dan organisasi profesi. Penelitian ini diharapkan dapat bermanfaat bagi sekolah dan pendidik untuk dapat menggunakan pendekatan yang berfokus pada siswa.]]>
<![CDATA[Kepemilikan CEO Dalam Hubungan Antara Kebijakan Utang Dan Kebijakan Dividen ]]>
<![CDATA[Amrie Firmansyah]]>;
<![CDATA[Agung Dinarjito]]>;
<![CDATA[Sondy Akbar Ardiansyah]]>;
<![CDATA[Rozano Fikri Andana]]>
<![CDATA[ JAS (Jurnal Akuntansi Syariah) Vol 6 No 2 (2022): JAS (Jurnal Akuntansi Syariah) - December ]]>
Publisher : <![CDATA[LPPM Publishing & Printing ]]>
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DOI: 10.46367/jas.v6i2.826
<![CDATA[This research aims to show the effect of debt policy on dividend policy and the moderating role of chief executive officer (CEO) share ownership in the relationship between debt policy and dividend policy. Data on the financial reports of companies in the non-financial sector listed on the Indonesia Stock Exchange from 2008 to 2020 are used as research data. Research data is sourced from www.idnfinancials.com and the company's official website. The number of samples used in testing this research was 454 observations based on purposive sampling. Data analysis in this research used logistic regression. This research shows the results that debt policy has a negative effect on dividend policy. In addition, CEO share ownership weakens the negative effect of debt policy on dividend policy. This research shows that the Indonesian Financial Services Authority needs to improve governance, especially concerning investment protection on the Indonesian Stock Exchange.]]>
<![CDATA[OPTIMALISASI PENERIMAAN NEGARA BUKAN PAJAK PADA LEMBAGA PENYIARAN PUBLIK TELEVISI REPUBLIK INDONESIA (LPP TVRI) ]]>
<![CDATA[Agung Dinarjito]]>
<![CDATA[ SUBSTANSI Vol 1 No 1 (2017) ]]>
Publisher : <![CDATA[Politeknik Keuangan Negara STAN ]]>
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DOI: 10.35837/subs.v1i1.211
<![CDATA[Non-tax state revenue (PNBP) is becoming one of the important revenue source besides the tax revenue. Therefore, non-tax revenue optimization becomes very important. In addition, the findings of the Supreme Audit Agency (BPK) on the management of non-tax revenues can make the Ministries / Agencies get disclaimer opinion, one of which is the Public Broadcasting Institution of Televisi Republik Indonesia (LPP TVRI). Findings on the Financial Statements of LPP TVRI PNBP are the levies without any legal basis on receipt of broadcast and non-broadcast services (jasinonsi) and use immediately upon receipt of the jasinonsi. This study aims to give recommendation for LPP TVRI about how to manage non-tax state revenue to avoid disclaimer opinion from BPK. This study is a descriptive qualitative study with normative juridical approach to analyze the problem based on the applicable law and regulations related to non-tax state revenues with the aim to provide recommendations or suggestions to the LPP TVRI so that in the future, the findings will not be repeated. Based on the results of the discussion, LPP TVRI must manage the receipt (PNBP) using the rules relating to state finances (PNBP rules). Therefore, the authors suggest LPP TVRI soon submit proposals Government Regulation on non-tax revenues and then submit the application of the use of funds non-tax revenues to the Finance Minister after the Government Regulation (PP) is determined by the President.]]>
<![CDATA[MENILAI KESEHATAN BUMN KONSTRUKSI YANG TERDAFTAR DI BURSA EFEK INDONESIA SEBAGAI AKIBAT MENINGKATNYA PROYEK INFRASTRUKTUR PEMERINTAH ]]>
<![CDATA[Agung Dinarjito]]>
<![CDATA[ SUBSTANSI Vol 2 No 1 (2018) ]]>
Publisher : <![CDATA[Politeknik Keuangan Negara STAN ]]>
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DOI: 10.35837/subs.v2i1.263
<![CDATA[In order to improve equitable development in Indonesia, the government has boosted infrastructure development. Government believes that infrastructure is the most influencing factor of economic growth. However, to carry out the mission, the Government asks all parties to take part in the infrastructure development process. This is because the Government budget is not enough to implement all these projects. State-Owned Enterprise (SOE) is one of the parties requested by the Government to participate in infrastructure development projects. Because the infrastructure project is costly and not fully financed by the Government, it has forced SOEs to seek other sources of funding, one of them through debt. This study aims to determine the health condition of state-owned construction as a motor of government infrastructure development and predict financial distress in the future. This research is a descriptive quantitative research that try to explain the result of calculation by using certain method. To measure the health condition, the author uses five models, namely financial ratios, grover, altman z-score, springate and zmijewski. The results of the research indicate that there are different results of the methods used related to the health condition of state-owned construction.]]>
<![CDATA[A Structure-Conduct-Performance Analysis Of Commercial Air Transportation Industry In Indonesia ]]>
<![CDATA[Agung Dinarjito]]>
<![CDATA[ Jurnal Pajak dan Keuangan Negara (PKN) Vol 4 No 2 (2023) ]]>
Publisher : <![CDATA[Politeknik Keuangan Negara STAN ]]>
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DOI: 10.31092/jpkn.v4i2.2029
<![CDATA[To project the performance of an industry and a company, the market structure is one of the things that needs to be looked at. In addition, company behavior in the form of various strategies to increase customers also needs to be analyzed. Past performance will also be used to project industry and company performance. This research is descriptive research that aims to analyze the structure, behavior, and performance of the air transportation industry in Indonesia. The data used is secondary data and is limited to national airlines and the data used is also for domestic flight services in 2016-2020. Data were analyzed using a quantitative approach in the form of certain formulas, such as CR4, MES, and IHH. The results of the analysis conclude that the Indonesian commercial air transportation industry is in the form of a tight oligopoly or a dominant company with a competitive fringe. The behavior of national airlines in attracting consumers is carried out through various strategies, such as cooperating with other parties in marketing, providing onboard service strategies, and increasing timeliness. The performance of the aviation industry in 2016-2018 tends to increase. However, in 2019 and 2020 it tends to decrease. This can also be seen from the growth in passengers for each airline. In terms of load factor, Garuda and City Link experienced a significant decline from 2019 to 2020.]]>
<![CDATA[The Influence Of Corporate Disclosure: Corporate Governance, Intellectual Capital, Asset Utilization, And Financial Performance On Corporate Value In Indonesia ]]>
<![CDATA[Octa Naafi’ Sutantri]]>;
<![CDATA[Agung Dinarjito]]>
<![CDATA[ Journal of Law, Administration, and Social Science Vol 3 No 1 (2023) ]]>
Publisher : <![CDATA[PT WIM Solusi Prima ]]>
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DOI: 10.54957/jolas.v3i1.359
<![CDATA[This study aimed to determine the influence of corporate governance, intellectual capital, asset utilization, and financial performance on corporate value. This study was quantitative research. The population of this research was manufacturing companies listed on Indonesia Stock Exchange in 2015-2019. This research used data panel with a fixed-effect model. The first model of this study showed that intellectual capital disclosure, asset utilization and financial performance had a positive impact on the corporate value which tested using Tobin’s Q. Corporate governance had a negative impact on Tobin’s Q. Meanwhile, different results were obtained from corporate value which tested using PBV. The second model of this study showed that only intellectual capital disclosure and financial performance had a positive impact on PBV. However, corporate governance and asset utilization had no impact on PBV. This research can be used as a reference for investors, companies, and financial service authorities in Indonesia to obtain higher relevance of disclosure on financial report.]]>
<![CDATA[Analisis Pengaruh Intellectual Capital, Leverage Dan Pertumbuhan Penjualan Terhadap Financial Distress ]]>
<![CDATA[Lily Arini Nasution]]>;
<![CDATA[Agung Dinarjito]]>
<![CDATA[ Journal of Law, Administration, and Social Science Vol 3 No 1 (2023) ]]>
Publisher : <![CDATA[PT WIM Solusi Prima ]]>
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DOI: 10.54957/jolas.v3i1.360
<![CDATA[Financial distress merupakan situasi kesulitan keuangan sebelum terjadinya kebangkrutan ataupun likuidasi. Penelitian ini bertujuan untuk menguji pengaruh intellectual capital, leverage dan pertumbuhan penjualan terhadap financial distress. Penelitian ini menggunakan empat variabel kontrol yaitu current ratio, return on asset, firm size dan asset tangibility. Sampel dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2012 sampai dengan 2019. Pemilihan data sampel menggunakan metode purposive sampling sehingga diperoleh 152 observasi. Model yang digunakan adalah regresi data panel dengan pendekatan random effect model. Hasil penelitian menunjukkan bahwa intellectual capital berpengaruh negatif terhadap financial distress dan leverage berpengaruh positif terhadap financial distress. Sementara itu, pertumbuhan penjualan tidak berpengaruh terhadap financial distress.]]>
<![CDATA[The Influence Of Financial Behavior On Investment Decisions With Financial Literacy As A Mediation Variable: Case Study In PKN STAN Learning Assignment Students ]]>
<![CDATA[Agung Dinarjito]]>
<![CDATA[ Jurnal Pajak dan Keuangan Negara (PKN) Vol 5 No 1 (2023) ]]>
Publisher : <![CDATA[Politeknik Keuangan Negara STAN ]]>
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DOI: 10.31092/jpkn.v5i1.2281
<![CDATA[Making investment decisions is very important for investors because it will affect profits or losses. Various factors have influenced investment decisions, one of which is financial behavior. Study assignment students are employees who get the opportunity to continue their study. Because they already earn income, it is important to see the students' understanding regarding decision making. This study aims to see the influence of the financial behavior of study assignment students at the STAN State Finance Polytechnic in making decisions with financial literacy as an intervening variable. The financial behavior measured is overconfidence, herding, loss aversion, and risk perception. The result is only the financial literacy variable, risk perception, has a significant effect on investment decisions. Regarding the financial literacy variable, it is evident that only the overconfidence and risk perception variables influence it. Regarding the existence of financial literacy as an intervening variable, it is proven only by overconfidence and risk perception which are able to provide an indirect relationship to investment decisions. Financial literacy has succeeded in fully mediating the relationship of overconfidence to investment decisions and for risk perception only as partially mediation.]]>
<![CDATA[The Influence Of Financial Performance And Tax Avoidance On Company Value In Mining Companies Listed On The Indonesian Stock Exchange 2017-2022 ]]>
<![CDATA[Agung Dinarjito]]>
<![CDATA[ Educoretax Vol 4 No 5 (2024) ]]>
Publisher : <![CDATA[WIM Solusi Prima ]]>
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DOI: 10.54957/educoretax.v4i5.601
<![CDATA[Tax avoidance is an interesting research theme to discuss. This is because it will provide benefits to the company, but on the other hand, tax avoidance is an action that tends to be detrimental to the company. People tend to think that this action is a negative action whose impact will be detrimental to the company, both in terms of financial performance and company value. This research aims to analyze whether financial performance as measured by Return on Assets (ROA) and Return on Equity (ROE) has a significant effect on company value. This research also aims to analyze whether tax avoidance has a significant effect on company value. This research is quantitative research analyzed using multiple linear regression. The research samples are mining sector companies listed on the Indonesian Stock Exchange from 2017 to 2022. The research results show that tax avoidance and financial performance have a significant effect on company value. Tax avoidance as measured by the effective tax rate has a positive effect on company value. Financial performance measured using ROA has a negative effect on company value and ROE has a positive effect on company value. This research is expected to contribute to increasing knowledge regarding the topic of tax evasion in relation to financial performance and company value. For companies, this research is expected to provide additional considerations if companies carry out tax avoidance actions.]]>
