Journal of Applied Sciences in Accounting, Finance, and Tax
Journal of Applied Sciences in Accounting, Finance, and Tax is a forum provided for researchers, both from universities, practitioners and the industrial world. The publication is a result of research, studies or ideas on Accounting, Finance, and Tax. JASAFINT is published with a focus and scope on issues on Accounting (Financial Accounting, Management Accounting, Public Accounting, Auditing, and Accounting Information Systems), Finance (Capital Market, Financial Statements Analysis, and Financing), and Tax (Income Tax, VAT, Tax Audit, and Tax Accounting).
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<![CDATA[Time Budget Pressure as Moderating Variable on the Effect of Professionalism, Experience and Audit Fee on Audit Quality ]]>
<![CDATA[I K A Wiguna]]>;
<![CDATA[I B A Yasa]]>;
<![CDATA[A A P Suardani]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1549
<![CDATA[Audit quality is the probability of an auditor where the auditor can find violations in his client's accounting system and report it in the audit report. Audit quality is influenced by various factors including professionalism, audit experience, audit fees and time budget pressures. This research aims to analyze the influence of professionalism, audit experience, and audit fees on audit quality, whether time budget pressures moderate the influence of professionalism, audit experience, and audit fees on audit quality. The population in this research are auditors who work at the Public Accounting Firm in Bali that were registered in the IAPI 2019 directory. The samples of this research are 70 auditors. This research use saturated sampling method. The analysis technique used in this research is modeling techniques with partial least square (PLS) through SmartPLS 3.0 application. The results of this research indicate that professionalism has a positive and significant effect on audit quality. Audit experience has a positive effect but not significant on audit quality. Audit fee have a positive and significant effect on audit quality. Time budget pressure does not moderate the influence of professionalism, audit experience and audit fees on audit quality.]]>
<![CDATA[Analysis of Receivables Management to Minimize Bad Debts at Go Vacation Indonesia ]]>
<![CDATA[N L R Yuliasari]]>;
<![CDATA[I K Suandi]]>;
<![CDATA[I G A O Sudiadnyani]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1545
<![CDATA[This study aimed to describe 1) credit analysis in Go Vacation Indonesia 2) assessment of management of receivable accounts in Go Vacation Indonesia 3) management of receivable accounts to minimize bad debts in Go Vacation Indonesia. The data that was used for this study were aging account receivable schedule, credit sales data, credit standards, and receivable accounts policy. The measuring instruments that was used to carry out this research were 5C analysis to analyze the standard credit facility, assess the management of receivables which included billing and collecting of receivables policies to analyze compliance with policies and ratios related to receivable accounts to evaluate management of receivable accounts, management of receivable accounts minimized bad debts to minimize bad debt expenses. The results of the study showed that the 5C analysis for credit facility granting standards had fulfilled the requirements. Billing and collecting receivables were not effective yet because they did not appropriate with the policy. The results of the ratio of receivable accounts were not optimal. Bad debt expenses that could be minimized in 2016 was Rp59,893,531, in 2017 was Rp80,185,316, in 2018 was Rp69,989,977.]]>
<![CDATA[Analysis Position of Potential Financial Distress at Bali Paragon Resort Hotel ]]>
<![CDATA[L P Sintya Dewi]]>;
<![CDATA[I M Sudana]]>;
<![CDATA[N W D Ayuni]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1550
<![CDATA[The early stage of bankruptcy usually begins with financial distress. The condition of financial distress is inability of the company or unavailability of funds for payments that are due. Analysis of financial distress in the company expected to prepare a strategy to anticipate of bankruptcy. The purpose of this research is to know the position of potential financial distress at Bali Paragon Resort Hotel. This research is a quantitative research that used secondary data. The data used financial statements of Bali Paragon Resort Hotel from 2015 to 2018. The variables used is financial ratios in the Altman Z-score modification method, consists of: working capital to total assets, retained earning to total assets, earning before interest and tax to total assets, book value of equity to book value of debt. The data analysis technique used is the Altman Z-score modification method because it can be used to predict the financial condition of all types of companies. The results in this research used the Altman Z-score modification method indicate that the conditions of Bali Paragon Resort Hotel in 2015 to 2018 is non financial distress.]]>
<![CDATA[Accounting Treatment of Accounts Receivable and its Effect on Financial Statements and Account Receivables Collectability at The Royal Santrian Luxury Beach Villas ]]>
<![CDATA[N P Meliawati]]>;
<![CDATA[I M Ariana]]>;
<![CDATA[I G M Karma]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1542
<![CDATA[The Royal Santrian Luxury Beach Villas applies a credit policy in their operations. The credit policy applied by the company must get more attention then cash sales because it will generate receivables. The Financial Accounting Standard states that a company needs to determine the interpretation of accounts with the aim of disclosure of financial statements can have a positive impact on the feasibility of financial statements, both for companies and parties outside the company. The analysis technique used in this study is a comparative descriptive analysis technique with quantitative discussion. The results of the study indicate that overall financial reporting applied by the company has not been in accordance with financial accounting standards and has an effect on the financial statements as well as an assessment of the collectibility of accounts receivable. In the financial statement there is an additional account for allowance for bad debt so that will reduce the value of the asset, and a decrease in the value of profit for the period. In the income statement, there is the addition of bad debt expense so that there is an increase in operating costs and a decrease in profit. The assessment of the collectibility of accounts receivable from the results of the ratio analysis looks less good. This means that with a non-conformity in the accounting treatment of accounts receivable, it can provide wrong information about the financial statements.]]>
<![CDATA[Preference Government Regulation No 23 of 2018 with General Income Tax Scheme ]]>
<![CDATA[Nufera L D]]>;
<![CDATA[I N Darmayasa]]>;
<![CDATA[I N Mandia]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1529
<![CDATA[This study aims to comparing between Government Regulation No. 23 of 2018 (PP 23) with the general income tax scheme to find out the most appropriate and profitable method for Small and Medium Enterprise. This research used qualitative analysis technique. Data is collected through interviews with entity owner, tax consultant, and tax academic. The informant's perspective that PP 23 is fair, optional, and educational. Taxpayers prefer to use PP 23 because it’s simpler than the general scheme, even though making it a higher tax payment. The preference of informants related to PP 23 is more profitable than PP 46. Consultant and tax academic believe that PP 23 can improve tax compliance. There are concerns that taxpayers who prioritize rationality will use policy loopholes to develop aggressive tax planning. This finding is an alternative to legal tax planning and as an alternative to making tax policies to encourage small and medium enterprises. This research has some novelty, PP 23 is a substitute policy of PP 46 believed to be more fair and hasn’t been widely studied, this research using qualitative method refers to comparative to complementing previous research, and research contributions are very useful for taxpayer education that are in line with the government's program to increase the small and medium enterprise class.]]>
<![CDATA[The Analysis of Tax Planning Application of Article 21 Income Tax for Permanent Employees in Efficiency of Tax Expenses at CV Prima Abadi ]]>
<![CDATA[Bambang W]]>;
<![CDATA[N K Sukasih]]>;
<![CDATA[L M Wahyuni]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1551
<![CDATA[This research aims to determine the comparison and the influence of the implementation of tax planning of article 21 income tax on the efficiency of tax expense on CV Prima Abadi. The focus of this research is tax planning through three methods of withholding Article 21 income tax, and there are three methods are gross method, net method and gross up method. The data analysis technique used in this research are quantitative descriptive analysis technique. Based on the results of research, it can be concluded that applying the gross up method is more efficient to provide savings than doing the net method and gross method, because the cost of article 21 income tax of the employees may be charged on a fiscal basis. The income tax economizing of company owed in 2018 amounted to Rp.10.025.371,00. However, as result of replacing the enjoyment into allowances, the company paid an additional article 21 income tax amounted to Rp.6.686.247,00. So the total savings of company Income Tax after the increasing of the article 21 income tax is Rp.3.339.124,00. CV Prima Abadi should change the method of calculating the deduction of Income Tax Article 21 from the net method into a gross up method.]]>
<![CDATA[Analysis of the Effectiveness of Accounts Receivable Management on the Risk of Uncollectible Accounts at Four Seasons Resort Bali at Jimbaran Bay ]]>
<![CDATA[P Widyantari]]>;
<![CDATA[I K Sugiarta]]>;
<![CDATA[P D Hudiananingsih]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1546
<![CDATA[Credit sales policy is one of the strategies implemented by the Four Seasons Resort Bali at Jimbaran Bay management to win the competition. Credit sales have the risk of delays in cash receipts that have the potential to become uncollectible receivables. This study aims to determine and analyze the performance and effectiveness of accounts receivable. This study uses data in the form of receivable aging schedule, data on the number of credit sales, and application form. The analysis used to analyze the lending requirements is the 5C analysis, analyze the management of receivables is the accounts receivable turnover ratio, the average day billing ratio, the arrears ratio, and the billing ratio. The results of this study indicate that the analysis of the performance of receivables reflects the management of receivables that have not been effective because hotel management only takes into account 2 of the 3 principles of 5C. This can be known through the analysis of accounts receivable turnover ratios and the average days of collection of accounts receivable which show below standard results and this has an impact on the results of the arrears ratio and billing ratio.]]>
<![CDATA[Analysis of Account Receivable Control to Minimize Uncollectible Receivable Risk at Novotel Bali Benoa Hotel & Resort ]]>
<![CDATA[K A L Dewi]]>;
<![CDATA[I W Karman]]>;
<![CDATA[P Subiyanto]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1528
<![CDATA[The purpose of this research was to determine the credit policy at Novotel Bali Benoa Hotels & Resorts, to determine the performance of accounts receivable at Novotel Bali Benoa Hotels & Resorts and to find out how much the allowance for receivable losses should be established at Novotel Bali Benoa Hotels & Resorts. It uses a descriptive method for analyzing. Data used in this research are aging schedules, balance sheets, total credit sales, credit policy, and credit application forms. The analytical tool used in this research is 5C analysis to analyze the crediting standards, the credit policy used to analyze the compliance of receivables collection, the ratio related to accounts receivable and the allowance for receivable loss methods used to analyze the control of receivables. The results of this determination show that the credit policy implemented is not optimal because the hotel management does not pay attention to the 5C analysis in determining the prospective debtor and collecting bad debts. The performance of receivables measured by the ratio is not fulfilled maximum; this is attributed to the four sub-accounts held by only one sub-receivable that has good results. Allowance for losses from receivables that must be formed is IDR 509,663,985 in 2016, IDR 353,517,143 in 2017 and IDR 504,832,719 in 2018.]]>
<![CDATA[The Effect of Budgetary Participation, Budget Emphasis, and Compensation on Budgetary Slack at Ayodya Resort Bali ]]>
<![CDATA[N K Dwiandriani]]>;
<![CDATA[I M M Arsana]]>;
<![CDATA[I M Suarta]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1539
<![CDATA[The directors and managers at Ayodya Resort Bali participated in company budgeting and were pressured to be able to achieve budgeting target, therefore, the directors and managers simplified budgeting target achievement through budgetary slack to gain compensation in the form of bonus. This study aimed to know the effect of budgetary participation, budget emphasis and compensation on budgetary slack both partially and simultaneously at Ayodya Resort Bali. The type of data used in this study was primary data obtained through distributing questionnaire to the respondents consisted of the directors of each department and the managers of each section per department at Ayodya Resort Bali. The sampling methods used in the study were saturated sampling technique for all directors and simple random sampling technique for the managers. The data were analyzed by using simple linear regression analysis and multiple linear regression analysis. The results of the study showed that: (1) Budgetary participation had a significant positive effect on budgetary slack. (2) Budget emphasis had a significant positive effect on budgetary slack. (3) Compensation had a significant positive effect on budgetary slack. (4) Budgetary participation, budget emphasis and compensation stimultanouesly had a significant positive effect on budgetary slack. This suggests that increased participation in budgeting followed by negative behavior and high emphasis on achieving the target budget for compensation will tend to increase the occurrence of budgetary slack.]]>
<![CDATA[Analysis of Audit Planning on Financial Report Based on Time Pressure Perspective at Public Accountant of Budhananda Munidewi (Case Study at KM Institution) ]]>
<![CDATA[IGA Kameswari]]>;
<![CDATA[N M W D Pratiwi]]>;
<![CDATA[K Nurhayanti]]>
<![CDATA[ Journal of Applied Sciences in Accounting, Finance, and Tax Vol 2 No 2 (2019): October 2019 ]]>
Publisher : <![CDATA[Jurusan Akuntansi Politeknik Negeri Bali ]]>
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DOI: 10.31940/jasafint.v2i2.1552
<![CDATA[This research aims to analyze the conformity of financial statement audit planning based on a time pressure perspective. This research using financial statement audit planning design of Budhananda Munidewi Public Accountant Office in this case is quality control system. Data collection methods used were questionnaires, observations, interviews, and documentation techniques. The analysis technique in this research is qualitative descriptive analysis. The results of this research show that (1) the results of comparing working hours of normal time with working hours which are under time pressure say that there is a reduction in working hours taken by the auditor in completing the audit assignments which were 184 working hours to 128 working hours. (2) the comparison of the design of financial report audit planning based on the perspective of time pressure is said that there is an audit plan that is not implemented such as an audit engagement letter is not made, an audit proposal is not made so that the audit strategy is not used, and the determination of audit risk and initial materiality is not done.]]>
