Jurnal Akuntansi dan Keuangan Indonesia
JAKI aims to contribute to the development of knowledge and practice of accounting and finance by publishing theoretical and empirical research papers showcasing Indonesia as well as other emerging and developed markets. Authors are invited to submit articles that address the discourses of accounting and finance from various fields of study, such as financial accounting, public sector accounting, management accounting, Islamic accounting and financial management, auditing, capital market based accounting research, corporate governance, ethics and professionalism, corporate finance, accounting education, behavioral accounting, taxation, banking, information system, sustainability reporting, comprehensive corporate reporting, and climate change-related reporting. The contributed papers may cover the following ranges of subjects but are not limited to: - Discussion and exploration of new theory and knowledge of public, corporate and nonprofit accounting and finance - Empirical investigations providing novel and contributions substantial contributions in the above topical areas of interest - Case studies exploring accounting and finance practices are also welcome
Articles
235 Documents
<![CDATA[AKUNTANSI UNTUK PEMAIN SEPAK BOLA ]]>
<![CDATA[Devi, Astri Prima]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 1 ]]>
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<![CDATA[Accounting reports on intangible assets have long been a problem, especially, those related to human capitals. They have become a problem whether they appear in balance sheet or not. These human capitals have to fulfill asset definitions and recognition criteria. This paper highlights human capital reported in the United Kingdom football club’s balance sheet. As we know the United Kingdom football industries have developed and yielded hundred billions pounds every year. They have also made football players become most important and most expensive in football clubs, with clubs paying regular large transfer fees in the transfer market to acquire players. FRS 10 Accounting for intangible assets and goodwill, recommends capitalization as the most appropriate treatment for intangible assets. There are two main issues that will be analyzed in this paper. First, do football players fulfill the accounting criteria to be classified as assets of the football clubs? Second, if so how should they account for?]]>
<![CDATA[KOMITE AUDIT, GOOD CORPORATE GOVERNANCE DAN PENGUNGKAPAN INFORMASI ]]>
<![CDATA[Utama, Marta]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 1 ]]>
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<![CDATA[Recently, the atmosphere of business and corporation in all over the world especially in Indonesia has been reminded with good corporate governance. Since the storm of corporate mega scandal that led to the downturn of U.S. economy, regulators in many parts of the world have been busy with efforts of finding strong and agile regulation for externally pushed good corporate governance implementation. One of the most important instruments of good corporate governance is audit committee. Many aspects of the regulation are intended to create a good audit committee which functions are as well as the power given by the regulation. With the relationship of audit committee and good corporate governance, this article is intended to give a new perspective of the relationship between those two components and the information disclosures. The presentation will be much like an analysis of regulation instruments that issued by regulatory bodies in Indonesia which are obliged to administrate the financial industry especially that are concerned about audit committee and good corporate governance. This article is expected to give particular important new knowledge about the terms, function and relationship between audit committee, good corporate governance and information disclosures. Thus, we can give our contribution to the process of building good governance in all aspects of our nation.]]>
<![CDATA[KEMAMPUAN BEBAN PAJAK TANGGUHAN DALAM MENDETEKSI MANAJEMEN LABA ]]>
<![CDATA[Yulianti, Yulianti]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 2, No. 1 ]]>
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<![CDATA[The purpose of this study is to investigate whether the Deferred Tax Expenses analysis can be employed to detect earnings management in Indonesian Capital Market. This study also compares the deferred tax expenses method and the accrual method as the proxy of Earnings Management. This study finds that deferred tax expenses and the accrual measures (using Total Accruals model, Modified Jones Model and Forward Looking Model) have positive and significant impacts on the probability of earnings management to avoid losses. It means that the bigger the value of Accrual and Deferred Tax Expenses the bigger the probability of earnings management practices. Of the three models used, the deferred Jax expenses variable has similar significances compared to total accrual model and higher significances compared to the discretionary accrual models. This shown that deferred tax expenses can be used as an alternative to Accrual Models in explaining the earnings management phenomena around the earnings threshold. In the additional study, we find that factors affected earnings management can't explain the variation of Deferred Tax Expenses. Meanwhile it can be used to explain the three-accrual models significantly. This finding suggests that the use of deferred tax expenses as a proxy in earnings management is still in doubt.]]>
<![CDATA[THE EFFECT OF INSTITUTIONAL OWNERSHIP TO VOLUME REACTION AROUND EARNINGS ANNOUNCEMENTS AT THE JAKARTA STOCK EXCHANGE ]]>
<![CDATA[Yuniasih, Rafika]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 2, No. 2 ]]>
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<![CDATA[This study examines trading volume reaction to earnings announcements; specifically the effect of information asymmetry across investors before earnings announcement, in the form of differences in ownership structures measured by the level of institutional ownership, to trading volume around earnings announcements. Further, this study also examines other factors related to volume reaction around earnings announcements such as price changes resulted in certain unexpected earning levels, cost of transactions, and firm size. The Ordinary Least Square (OLS) method is initially used in finding the relation between unexpected trading volume in two-day and seven-day announcement period windows to the independent variables used in this study. Further, this study applies the Weighted Least Square (WLS) method to eliminate the potential heteroscedasticity and to increase efficiency of the model. This study finds that institutional ownership level as a measure of information asymmetry across investors affects volume response to earnings announcement. The study finds that trading volume reaction is an increasing function of the level of information asymmetry. The study also finds that trading volume reaction is an increasing function ofprice changes and firm size, yet it has a negative relation to transaction costs]]>
<![CDATA[PENGGUNAAN DISTRIBUSI LABA DALAM MENDETEKSI MANAJEMEN LABA ]]>
<![CDATA[Yulianti, Yulianti]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2 ]]>
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<![CDATA[Discontinuities in earnings distribution have been discovered by several studies in United States and Australia. These studies examined the pooled, cross sectional distribution of earnings and found discontinuities around earnings threshold which indicates the exercise of management discretion to exceed earnings threshold. This study examines the distribution of earnings in Indonesia for two important purposes which are avoiding losses and avoiding earnings decline. The result on listed companies at the JSX during 1999 - 2002 show abnormality in earnings distribution, whereas total small profit firms are above expectations, meanwhile total small loss firms are the opposite. We didn’t find such abnormality in the distribution of earnings changes, whereas total small decrease firms in contrary are above expectations. This suggests that the most important earnings threshold for Indonesian firms is to avoid reporting losses.]]>
<![CDATA[TINGKAT KELUASAN PENGUNGKAPAN SUKARELA DALAM LAPORAN TAHUNAN DAN HUBUNGANNYA DENGAN CURRENT EARNINGS RESPONSE COEFFICIENT (ERC) ]]>
<![CDATA[Adhariani, Desi]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 2, No. 1 ]]>
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<![CDATA[This study examines whether voluntary corporate disclosure level that is published in annual report affects the return-earnings relationship. The study hypothesizes that the informativeness of earnings and voluntary disclosure is complementary to each other. This hypothesis implicitly presumes that investor will use the information provided in annual report disclosures together with information in earnings as one of the guidance in investment decisions. To test the hypothesis, current stock returns are regressed against current earnings changes. The sample consists of 90 annual reports of companies listed on the JSX as of December 31, 1998. The amount of voluntary disclosure provided in annual reports is measured by disclosure items and weighted scores developed by Botosan (1997), Sitanggang (2002), and Suripto (1999). Before deciding to use the weighted score, this study examines the differences between weighted scores and the equally weighted ones. The findings of the test of differences support the hypothesis that the two kinds of score measurement are statistically different, meaning that investors place different interests to each disclosure items. The findings of regression test support the hypothesis of complementary relationship, which remain consistent after controlling for other factors that have been identified in previous studies influence the earnings response coefficients. The findings are also robust with respect to different holding period returns and different earnings measurement.]]>
<![CDATA[GOODWILL HUNTING ]]>
<![CDATA[Napitupulu, Daniel]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 1 ]]>
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<![CDATA[We have not yet had high quality international standards which can be used all over the world. Thus, we need to work together to make such things. An important standard that need to be done is the one about goodwill recognition. US GAAP, UK GAAP and International Accounting Standard give different guidance. Harmonization of these standards will create a uniformed goodwill accounting which consistently can be applied by companies.]]>
<![CDATA[HUBUNGAN ANTARA KONSERVATISME AKUNTANSI DENGAN KONFLIK BONDHOLDERS-SHAREHOLDERS SEPUTAR KEBIJAKAN DIVIDEN DAN PERINGKAT OBLIGASI ]]>
<![CDATA[Sari, Dahlia]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 1, No. 2 ]]>
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<![CDATA[This study provides evidence on the role of accounting conservatism in debt contracting. I hypothesize that (i) there is positive association between conflicts of bondholders-shareholders over dividend policy and the use of conservative accounting (ii) there is positive association between bond ratings and the use of conservative accounting. Conflicts of bondholders-shareholders arise because of default risk in that the firm cannot pay at maturity because of having not enough net assets and this unavailability of enough net assets is caused by dividend overpayment to shareholders. The alternative solution to prevent dividend overpayment is to consistently use the conservative accounting. The conservative accounting affects earnings in that it leads to conservative earnings and reduces the possibility of earnings management by the firm. The second hypothesis which investigates the association between bonds rating and the level of conservatism based on theory that the lower the firm’s default risk, the higher the bonds rating. The firms with conservative accounting is expected to have lower default risk in that conservatism prevent dividend overpayment which cause the firm’s net asset is not enough to pay at maturity. The first model result supports the hypothesis that there is positive association between conflicts of bondholders-shareholders and the use of conservative accounting. For the second model, the result does not support the hypothesis that there is a positive association between the bonds rating and the use of conservative accounting. The association between conflicts and conservative accounting provides evidence on the role of accounting conservatism in facing conflicts over dividend policy.]]>
<![CDATA[MENGGAGAS PEMBIAYAAN PEMBANGUNAN INFRASTRUKTUR DI INDONESIA MELALUI OBLIGASI SYARIAH ]]>
<![CDATA[Seto, Septian Hario]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 2, No. 1 ]]>
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<![CDATA[Some of objectives of infrastructure development are pushing economic growth and decreasing unemployment. Economic crises that started in 1997 brought the bad condition in Indonesian infrastructure, this condition arise because government doesn’t have enough fund to increase quality and quantity of the infrastructure. This paper tries to offer new source of fund for Indonesian infrastructure development through Islamic bonds. This is a prospective way to absorb fund, because this type of bonds is very demanding, especially from gulf countries.]]>
<![CDATA[ANALISIS PENGARUH KEPEMILIKAN MANAJERIAL, KEBIJAKAN UTANG, ROA DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN: STUDI 1995-1996 ]]>
<![CDATA[Nuringsih, Kartika]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Indonesia Vol. 2, No. 2 ]]>
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<![CDATA[This research examined the influence of managerial ownership, debt policy, ROA andfirm size on dividend policy. Actually under dividend policy still have many puzzles. The research model is developed from Chen & Steiner (1999), Moh ’d, Rimbey & Perry (1995), Jensen, Solberg and Zorn (1992), Chrutchley & Hansen (1989), with focusing at 60 samples from manufacturing company. Data are taken from Indonesia Capital Market Directory in 1995-1996. It uses 3 equations, the first is multiple regressions for examining four hypothesis. The results show: managerial ownership is positive and significant to dividend policy, debt policy is negative and significant to dividend policy, ROA is negative and significant to dividend policy, andfirm size is positive but is not significant to dividend policy. The second and third are simple regressions for analyzing two grouped of managerial ownership. The results show that the low rate of managerial ownership and the high rate of managerial ownership are positive relation on dividend policy. The results don 't prove the different of linier relation between managerial ownership and dividend policy.]]>
