Indonesia Conference Directory

Corresponding Author
Sri Handayani

Institutions
a) Accounting Department, Faculty of Economic and Business
Universitas Esa Unggul
Jakarta, Indonesia
b) Accounting Department, Faculty of Economic and Business
Universitas Esa Unggul
Jakarta, Indonesia

Abstract
Intellectual capital is an intangible asset that is beneficial for increasing the companys competitive ability and performance. Intellectual capital is elusive, but if it is discovered and explored it will give to the organization a new resource base to compete and win the competition. This study will analyze the intellectual capital factor, which consists of value added capital coefficient, human capital, and structural capital in achieving competitive advantage. The design of this research is causal explanatory. Population in this study are mining companies on the Indonesia Stock Exchange in 2016 to 2018. The sampling technique used is saturated sampling with a total of 223 data. The analysis technique used is multiple linear regression. The results showed that value added capital coefficient, human capital, and structural capital simultaneously affect to competitive advantage. While partially value added capital coefficient and structural capital have a positive effect on competitive advantage. However, human capital does not affect competitive advantage. The results of this study support the recource based theory where intellectual capital is able to meet the criteria as a unique resource to create competitive advantage for the company because it provides value added to the company.

Keywords
Intellectual Capital, Value Added Capital Coefficient, Human Capital, Structural Capital, Competitive Advantage

Topic
Financial Accounting

Link: https://ifory.id/abstract/azAP8R9hHJmv

Corresponding Author
Inggriani Elim

Institutions
Faculty of Economy and Business, Universitas Sam Ratulangi, Manado, Indonesia

Abstract
Technical guidelines on management state owned assets according government regulation number 27 year 2014 and regional regulation Talaud Islands Regency number 2 year 2012 arrange government Talaud Islands Regency to be able to implement the management state owned assets in accordance with applicable regulations. As known management stated owned assets is very important and must carefully, must doing management state owned assets as same as the applicable regulation. at regional financial and asset management agencies Talaud Islands Regency, is an assets of regional government, the use and utilized for support duties and function of regional government. Autonomy regional can manage revenue, expenditure, and asset regional. At regional financial and asset management agencies Talaud Islands Regency is one of regional government as role as use and utilized of stated owned assets same as applicable regulation. The method in research is descriptif method analysis. Location research at board of financial management and regional assets Talaud islands regency. The result of research is use has been according with applicable regulation but only three activity of utilized has been implemented.

Keywords
state owned assets, use, utilized.

Topic
Public Sector Accounting

Link: https://ifory.id/abstract/VapyRkCegJuG

Corresponding Author
BAYU PRATAMA

Institutions
a) Sekolah Tinggi Ilmu Ekonomi Indonesia
b) Company of Umrah & Hajj Travel

Abstract
This study aims to analyze and design an adequate Accounting Information System (SIA) on the sales cycle with the REA model approach (Resources, Events and Agents) in Tour & Travel companies in PT Permata Bakkah Mukarromah. The main activities in PT Permata Bakkah Mukarromah are the sale of umrah travel services, special hajj, halal tours, LA (Land Arrangements) and ticket sales. PT Permata Bakkah Mukarromah still uses a manual sales accounting information system. The data used in this study is primary data that takes directly from the source and secondary data are by collecting data and documents related to sales activities. The data obtained was used to identify REA data and analyze the current sales accounting information system that, then the analysis results in the identification of problems that are not in accordance with the theory. The results of this study indicate that the sales information system that isi analyzed and designed with the REA model can identify the problems that occur in the flow of business activity in the sales activities that occur than generate recommendations for improvement of manual activities that are still not appropriate. The entity contained in the REA model is very suitable for the activities that occur in the company. The proposed sales system design is made in accordance with the results of the analysis and the needs of the company which then the relationships between entities are illustrated through the REA diagram.

Keywords
Accounting Information System, Sales Cycle, REA Models

Topic
Information System

Link: https://ifory.id/abstract/L3xJgMq9kyWw

Corresponding Author
Ahmad Yazid Bustomi

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
This study aims to analyze the performance of PT Asuransi Ramayana Shariah Unit serving as by using balance scorecards that in terms of financial perspective, customers perspective, perspective of internal business process with the growth and learning perspective. A method of this research is descriptive quantitative. The data collected is primary and secondary data. Secondary data obtained from years financial report documentation 2016 - 2018. The primary data was obtained through the distribution of the questionnaire to customers and employees of a company. Performance measurement do with ascertaining the percentage of achievement each indicators every perspective and determine the total score the performance of the company Based on as many points right away the achievement of every indicator on masing-masing the perspectives of both out for their interests as well as the weighting of. The percentage of achievement obtained on the achievements indicators to reach the target of . The result showed that the PT Asuransi Ramayana Shariah Unit from the perspective of finance in 2016 - 2018, generally good and the ratio in the ner solvability activity is better than the standard size companies in Indonesia. It can be seen from the ratio of liquidity and rentabilitas then still under the default. The company from the perspective of a customers perspective learning and growth in 2016 - 2018 is good. Performance from the perspective of internal business process years 2016 - 2018, is good where the percentage have met the standards regulation no. 072/POJK.05/2016. So, we can conclude that the PT Asuransi Ramayana Shariah Unit seen from 4 perspective balance scorecard is good enough. Management needs to give special attention to the measurement of the poor or fairly good, and maintain an assessment of indicators to improve the performance year 2024 spin off to go

Keywords
Balance Scorecards; Performance; Spin Off

Topic
Management Accounting

Link: https://ifory.id/abstract/LAEdfFJ2Pctu

Corresponding Author
Flourien Nurul Chusnah

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
The purpose of this research is to know the influence of Net Working Capital, Board Size and Sales Growth on Cash Holding (Empirical Study on Plantation Sub Sector Companies in BEI Period 2014-2016). In this study using descriptive study through hypothesis testing by using a causal design. The type of research used is explanatory research. The research method used in this research is quantitative research method. Hypothesis testing model in this research is doubled linear regression technique. Multiple linear regression analysis was performed with the help of Eviews program version 8.0. The results of the study concluded (1) Net Working Capital has a positive effect on cash holding, which means the magnitude of Net Working Capital affects the size of the cash holding of sub-plantation companies in the BEI period 2014-2016, (2) Board Size has no positive effect on cash holding, which means that Board Size has little effect on the size of the cash holding of sub-plantation companies in BEI period 2014-2016, (3) Sales Growth has a positive effect on cash holding, which means that the size of Sales Growth influences the size of the cash holding of sub-plantation sector BEI period 2014-2016.

Keywords
Net Working Capital, Board Size, Sales Growth, Cash Holding

Topic
Financial Accounting

Link: https://ifory.id/abstract/wqZfF6QGxVHE

Corresponding Author
Azuura Salsabila

Institutions
Sekolah Tinggi Manajemen IPMI

Abstract
The increase in total of Indonesia-s start-up business is an impact from the globalization in technology. Therefore, many companies are trying to expand their geographic reach and growth to survive in the competition. It is found that there are many cases that the growth happens through M&A to realize the synergy. However, not all merger and acquisition are success. Financial performance, market performance, stock return, and stock risk can be the measurement whether M&A gives any impacts or not. With those measurements as the variables, paired sample T-Test, wilcoxon-s signed rank test, and F-Test for two variances will be used as the hypothesis testing and will be assess for 3 years, 1 year, 5 days before and after the event. This research finds that M&A only gives difference in the companies- ROE, ROA, total asset turnover both in 3 and 1 year before and after and P/BV in 1 year before and after the event. From those findings, this research recommends the companies to consider the strategy in managing larger base of capital and fix asset before conducting M&A and also consider about DER and DAR that keep on increasing with the decreasing in total asset turnover. And for the investors, P/E and P/BV can be the indicator for the companies- future growth and consideration in investing and for those investors who are risk averse, it is better to invest after the M&A happened since this research finds that the stock risk is tend to be riskier before the M&A.

Keywords
Merger, Acquisition, Financial Performance, Market Performance, Stock Return, Stock Risk

Topic
Financial Accounting

Link: https://ifory.id/abstract/VBkKZd2Rpbth

Corresponding Author
Aden Apandi

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
This study aims to determine the performance of the Indonesia College of Economics (STEI) with balanced scorecard in a financial perspective, customer perspective, internal business process perspective and learning and development perspective.This research method is quantitative descriptive method. The object of this research is the STEI campus, with the sample selected using the purposive sampling method, namely by determining that the sample is the party that can provide information about the desired data. The sample of this study consists of the financial section for secondary data in the form of 2017 and 2018 financial statements for the financial perspective, while for the customer perspective is students, the sample for internal business process perspective is STEIs permanent and non-permanent lecturers and the learning and growth perspective is STEIs employees . This data analysis technique is common size and uses descriptive statistical methods, namely the validity and reliability tests used to test the research questionnaire.The results of this study indicate that the performance of STEI in a financial perspective is good because it has reached the target set, from the perspective of the customer that the performance of STEI is said to be good, this is seen from the average value of statement items on the customers perspective that shows the answers of student respondents tend to agree with the answers and have a good interpretation. While from the perspective of internal business processes STEI performance is said to be good, this can be seen from the average value of the question items on the perspective of internal business processes which show respondents answers tend to be answers agree and have good interpretations. As well as the learning perspective and the development of a good STEI performance, this can also be seen from the average value of the question items on the learning and growth perspective which shows the respondents answers tend to be the answers agree with and have good interpretations.

Keywords
Performance Measurement, Balanced Scorecard

Topic
Management Accounting

Link: https://ifory.id/abstract/FAb2RKtcyTWY

Corresponding Author
Romi Samiaji

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
This study aims to assess the maturity of the government internal control system in the Ministry of Foreign Affairs of the Republic of Indonesia in 2018 and to determine what strategies should be carried out by the Ministry of Foreign Affairs of the Republic of Indonesia in improving the maturity assessment of the governments internal control system in the following year. This research method is a descriptive method using secondary data. Secondary data used in this study are supporting documents obtained at the time of validating the maturity assessment of the governments internal control system in the Ministry of Foreign Affairs of the Republic of Indonesia in 2018. Data Analysis Methods used in this study are in accordance with the Head of the Financial and Development Supervisory Agency Republic of Indonesia No. 4 of 2016 concerning Guidelines for Appraisal and Maturity Improvement Strategy of the Government Internal Control System. In total, there are five assessment focuses that are distributed into 25 SPIP sub-elements according to the Regulation of the Head of the Indonesian Financial and Development Supervisory Agency No 4 of 2016. The results of this study indicate that the conditions of applying the Internal Control System practices at the Ministry of Foreign Affairs of the Republic of Indonesia in 2018 reached the category of "Managed and Measured" with a score of 4.0. Managed and measurable level means that the Ministry of Foreign Affairs of Indonesia has implemented effective internal control. Each personnel implementing the activity always controls the activities on achieving the objectives of the activity itself and the objectives of the Ministry of Foreign Affairs of the Republic of Indonesia. Evaluation is done formally and documented. However, most evaluations are done manually, not yet using a computer application assistance tool.

Keywords
Maturity Assessment, Government Internal Control System

Topic
Auditing

Link: https://ifory.id/abstract/8KydcepwRJzN

Corresponding Author
Muhammad Hasbi Saleh

Institutions
a*)Department of Accounting
Sekolah Tinggi Ilmu Ekonomi Indonesia
Jakarta, Indonesia
m.hasbi_saleh[at]stei.ac.id
b) Sekolah Tinggi Ilmu Ekonomi Indonesia
Jakarta, Indonesia
Almanita.one[at]gmail.com

Abstract
This research aims to study the effectivity and efficiency of import transactions process that have been running as one of bank services in applying information systems. This research uses descriptive qualitative research, where in data analysis of audit information system using audit approach around computer, which data have been compiled through preliminary examination, review and testing on management control system, detailed audit and audit reporting which accompanied by recommendations to the company. The unit of analysis of this research is the Trade Processing Center (TPC) Import section PT. Bank Rakyat Indonesia (Persero) Tbk Jakarta. Data used in this research are primary data and secondary data. Data collection techniques using library research methods, observation, interviews, questionnaires, and documentation. Research results prove that the company already has an organizational structure with clear division of tasks and segregation of duties, the management policies of information system so that the implementation of import transaction at PT. Bank Rakyat Indonesia (Persero) Tbk is efficient, but not fully effective, since there are still some minor audit findings that could lead to potential losses in income.

Keywords
Operational Audit, Information System, Import Process

Topic
Auditing

Link: https://ifory.id/abstract/PeMQAF9HnphX

Corresponding Author
NELLI NOVYARNI

Institutions
SEKOLAH TINGGI ILMU EKONOMI INDONESIA JAKARTA

Abstract
This study aims to compare between financial ratios and methods of economic value added (EVA) as a measure of a companys performance. The data used in this study are quantitative data with data collection techniques through documentation and this research is comparative in nature. The object of this research is PT. Garuda Indonesia, Tbk, which was listed on the Indonesia Stock Exchange for the period 2013-2017. The results of the study explained that the results of the financial performance of PT. Garuda Indonesia Tbk during the 2013-2017 period measured by the overall financial ratio can be said to be quite good, although there are still some fluctuating ratios. Whereas financial performance is assessed using the Economic Value Added (EVA) method which results in a negative result (EVA <0), which means that the company is unable to produce added value for shareholders. The results of the comparison of the two methods explain that there are differences caused by capital costs that are not taken into account in the analysis of financial ratios. Keywords: Financial Ratios, Economic Value Added, Financial Performance

Keywords
Keywords: Financial Ratios, Economic Value Added, Financial Performance

Topic
Financial Accounting

Link: https://ifory.id/abstract/zbv4Z8MwTEHh

Corresponding Author
Titik Agus Setiyaningsih

Institutions
Departemen of Accounting
Universitas Muhammadiyah Jakarta
Jakarta, Indonesia
luqman_qia[at]yahoo.com
titikagyssetiyaningsig[at]gmail.com
dewipr89[at]gmail.com

Abstract
Earnings management is behavior opportunist managers to trick investors and maximize his welfare because it controls more information compared to personal or company interests. This research investigates the extent to which the influence of corporate governance is proxied by audit committee and independent commissioner in influencing earning management with managerial skill as a moderating variable. The research method used is quantitative by using seconadary data from CGPI (Corporate Governance Perception Index). Sampling technique used Nonprobability Sampling with purposive sampling categories. The data obtained is then processed by SEM-PLS analysis technique using WarpPLS software version 5.0. In this study all variables use agency theory. The results showed that Corporate Governance have effect an earning management, Managerial skill does moderate to an earning management..

Keywords
Earning Management, Corporate Governance, Managerial Skill

Topic
Corporate Governance

Link: https://ifory.id/abstract/DPJF468TWrz2

Corresponding Author
Siti Nuridah

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
Abstract – The objective of the study to analyze the sticky cost behavior and the factors that affect the cost stickiness on manufacturing companies listed in Indonesia Stock Exchange. The behavior of sticky cost in this study is found by analyzing selling, general and administrative cost which are categorized into several industry groups to observe the annual degree of sticky cost of each group of industry, In addition the factors that affect the cost stickiness capital intensity ratio, employee intensity ratio, incentive management as measured by free cash flow and the control variabel, firm size. The method used in this study is multiple linear regression analysis using the equation as measured by Anderson, Banker and Janakiraman. The sample is determined by purposive sampling method with the number of samples of 97 companies during the period 2014-2018. The result of this study are that sticky cost behavior occurs in all manufacturing companies in Indonesia. The largest and smallest degrees of sticky cost occurs in animal feed and other sectors, which is as proof that the company such sectors has in consistent management in supervising and controlling selling, general and administrative cost. Furthermore the result of the factors affecting the cost stickiness show that : 1) capital intensity ratio does not influence the degree of cost stickiness, 2) employee intensity ratio affects the degree of stickiness, 3) free cash flow does not affect the degree of cost stickiness, and 4) firm size of control variable affects the degree of cost stickiness.

Keywords
Selling, General and Administrative Cost:Capital Intensity Ratio:Employee Intensity Ratio:Free Cash Flow:Sticky Cost

Topic
Financial Accounting

Link: https://ifory.id/abstract/r3En6WUTxCgX

Corresponding Author
Lies Zufiati

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia, Jakarta, Indonesia

Abstract
This study aims to determine the effects of debt covenant and managerial ownership structure on accounting conservatism in manufacturing companies listed in the Indonesia Stock Exchange (IDX) period 2016-2018. According to Givoly and Hayn (2000), accounting conservatism is proxied by total accrual, while debt covenant is proxied by leverage. Managerial ownership structure is measured by managerial ownership level. The control variables are firm size and sales growth. The sample in this study is manufacturing companies listed in Indonesia Stock Exchange (IDX) period 2016-2018. The companies selected using purposive sampling amount to 112 companies for 3 consecutive years, or336 companies in total. This study employed data panel regression with eviews version 10.0. The findings of this study show that debt covenant and sales growth have a positive and significant effect while managerial ownership structure and firm size havea positive and insignificant effect on accounting conservatism in the manufacturing companies listed in Indonesia Stock Exchange (IDX) period 2016-2018.

Keywords
Debt Covenant, Managerial Ownership Structure, Accounting Conservatism

Topic
Financial Accounting

Link: https://ifory.id/abstract/4Ax9FvbtmzXk

Corresponding Author
Anita wahyu Indrasti

Institutions
Universitas Budi Luhur

Abstract
Accounting fraud which in auditing language better known as fraud has now become a kind of headline news in the media. The detection of fraud is an attempt to find out that an act of fraud has occurred, who is the culprit, who is the victim, and what causes it. This study aims to determine the effect of Auditor-s Internal Factors (auditor independence, professional skepticism, auditor experience and red flags) and Auditor-s External Factors (internal control and whistleblowing system) on the Fraud detection . The population in this study is the auditor who works at the Public Accounting Office (KAP) in Tangerang and South Jakarta area. The sampling technique uses convenience sampling. This research data was obtained from a questionnaire that had been previously shared with the auditors working at the Public Accounting Firm (KAP) in the Tangerang and South Jakarta area. The analysis tool uses multiple linear regression. The result of this study could help Auditors and Public Accounting Firms understand the factors that affecting auditor-s ability on fraud detection not only derive from their internal factors, but the external factors of auditor also have a significant influence on their ability on fraud detection. The empirical insights from this study would also be useful for theory building.

Keywords
independence, skepticism, experience, red flags, internal control, whistleblowing system, fraud detection

Topic
Auditing

Link: https://ifory.id/abstract/dnqzYPCHtGrf

Corresponding Author
Lela Nurlaela Wati

Institutions
(1) Accounting Department
STIE Muhammadiyah Jakarta
Jakarta, Indonesia
Ramdany2012[at]gmail.com
STIE Muhammadiyah Jakarta
(2) Finance Management Department
STIE Muhammadiyah Jakarta
Jakarta, Indonesia
Lela[at]stiemj.ac.id; lela_nwm[at]yahoo.com
(3) Accounting Department
STIE Muhammadiyah Jakarta
Jakarta, Indonesia
Momon.lesmana[at]gmail.com

Abstract
Abstract – Accounting conservatism is a controversial topic and a debate in accounting research. Conservatism is an accounting principle whose application will cause profits and assets to be low and costs and debt to be high. One of the factors that determine the level of conservatism in a companys financial reporting is the commitment of the management and internal company in providing transparent, accurate and not misleading information for investors. This is a part of the implementation of Good Corporate Governance. The many cases of fraud and accounting reporting scandals in Indonesia indicate the low level of conservatism applied by companies in preparing their financial statements indirectly. The paper aims to analyse the financial and non-financial factors which influence accounting conservatism both accruals based and market value based. The sample of this research are 897 data of 69 conglomerates on the Indonesia Stock Exchange (IDX) from 2005 to 2017. Regression panel data was used for analysis. It was found that financial factors (leverage, size, profitability and growth), good corporate governance (independent commissioners and audit litigation) are determining factors to the accounting conservatism based market. Meanwhile, determinant of accounting conservatism based accrual are profitability, firm size and audit litigation. Market value approach is better than accruals based to measure Accounting conservatism models in Indonesia conglomerates. The finding of result supported positive accounting theory (bonus plan, debt covenant, and political cost hypothesis).

Keywords
Accounting conservatism, financial factors, Good Corporate Governance

Topic
Financial Accounting

Link: https://ifory.id/abstract/jPqp2JxBUzHw

Corresponding Author
NELLI NOVYARNI

Institutions
SEKOLAH TINGGI ILMU EKONOMI INDONESIA JAKARTA

Abstract
This study aims to determine: (1) Effect of Current Ratio on Dividend Payout Ratio. (2) Effect of Return On Asset on Dividend Payout Ratio. (3) Effect of Net Profit Margin on the Dividend Payout Ratio. (4) Effect of Debt to Equity Ratio on Dividend Payout Ratio. (5) Effect of Current Ratio, Return On Assets, Net Profit Margin, and Debt to Equity Ratio on Dividend Payout Ratio for companies listed in the LQ45 index on the Indonesia Stock Exchange in 2013-2018. This study uses a quantitative type of descriptive research approach, which is measured by panel data and multiple linear methods with Eviews 10. The population in this study are companies listed in the LQ45 index on the Indonesia Stock Exchange in 2013-2018. The research sample of 10 companies was obtained by purposive sampling technique, so that the total observations in this study were 60 observations. The data used in this study is secondary data. The technique of collecting data uses documentation methods through the official IDX website: www.idx.co.id. Testing the hypothesis in this study using the t test (partially) and F test (simultaneously). The results of partial studies (t test) show that (1) Current Ratio has a significant effect on Dividend Payout Ratio. (2) Return on Assets does not have a significant effect on Dividend Payout Ratio. (3) Net Profit Margin has no significant effect on Dividend Payout Ratio. (4) Debt to Equity Ratio has no significant effect on Dividend Payout Ratio. Whereas the F test (Model Test) shows that the estimated regression model is feasible to use to explain the effect (5). Current Ratio, Return On Assets, Net Profit Margin, and Debt to Equity Ratio to the dependent variable Dividend Payout Ratio.

Keywords
Keywords : Dividend Payout Ratio, Current Ratio, Return On Asset, Net Profit, Margin, and Debt to Equity Ratio

Topic
Financial Accounting

Link: https://ifory.id/abstract/fGkEHzy26mA8

Corresponding Author
Rahmat Yuliansyah

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
This study is aimed to test the Effect of Local Revenue on financial performance, Equalization Funds on financial performance, and Capital Expenditures on financial performance on Regencies in West Java for Year 2013 – 2017. This research uses descriptive quantitative approach, which is measured using multiple linear regression bassed method use SPSS 25.00. The population from this research are Budget Realization Report of Regencies in West Java for Year 2013 – 2017. Sample was determined by purposive sampling method, and get 10 samples. The data used in this study are secondary data. Data was collected by Dirjen Perimbangan Keuangan official website: www.djpk.kemenkeu.go.id. Hypothesis testing are using partial test and simultaneous test. The result of the research shows that Local Revenue partially has positive and significant effect on the financial performance, Equalization Funds partially has negative and significant effect on the financial performance, Capital Expenditures partially has positive and significant effect on the financial performance, and Local Revenue, Equalization Funds, and, Capital Expenditures simultaneously have positive and significant effect on the financial performance on Regencies in West Java.

Keywords
Local revenue, equalization funds, capital expenditures, and financial performance

Topic
Public Sector Accounting

Link: https://ifory.id/abstract/pCLNhFbDjPHK

Corresponding Author
Eko budi Santoso Santoso

Institutions
1,2 Sekolah Tinggi Ilmu Ekonomi Indonesia, Jakarta, Indonesia

Abstract
Indonesian capital market is very important in developing Indonesias economy by getting a cheap funding for their industry. Industry in the Indonesian capital market there are a variety of products was traded like bonds, mutual funds, equity or shares, warrant or option. The phenomenon from stock trading on the Indonesia Stock Exchange is very diverse like how to analyze stock price movements. Investors try to analyze stock prices with model like fundamental analysis or technical analysis. The capital market industry or the Stock Exchange must run its business with efficiently both in the companys operations or other efficiency such how to disseminate information that will be received by stock investors and efficiency in managing information so investors can know much. Eficient Market Hypothesis relates to the efficiency of information obtained by investors like transparency of information from private information like information each issuer and other information like public information that has been exposed to the public such as announcements of a rights issue or announcement of a companys stock withdrawal from the capital market. These announcements will usually have a significant effect on the share price on the Indonesia Stock Exchange, which will increase or decrease. The more efficient a capital market is all the information received will result in the movement of shares accurately and immediately so that it is considered to be unpredictable or randomly moving from day to day. The methodology of this research is will take data on the Indonesia Stock Exchange like the IHSG (composite stock price index) data in 2019 daily and will be proven whether the movement of the composite stock price index is random walk or not with use a Stochastic Process.

Keywords
Eficient market hypothesis, Investment in Stocks, Random walks, Stochastic Process

Topic
Others

Link: https://ifory.id/abstract/aRF694C3dLxc

Corresponding Author
Maya Mustika

Institutions
Department of Accounting
Sekolah Tinggi Ilmu Ekonomi Indonesia
Jakarta
mayamustika02[at]gmail.com

Abstract
This study aims to examine whether the effect of liquidity on tax aggressiveness, the effect of leverage on tax aggressiveness, the effect of earnings management on tax aggressiveness on the property and real estate companies listed on the Indonesia Stock Exchange (IDX). This research uses a quantitative type descriptive research approach, which is measured by using multiple linear regression based methods with SPSS 25.00. The population of this research are property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2018. Samples are determined based on the purposive sampling method, with a total sample of 29 manufacturing companies so that the total observations in this research were 145 observations. The data used in this research is secondary data. The technique of collecting data uses documentation methods through the official IDX website: www.idx.co.id. Testing the hypotheses by using descriptive statistical tests, data normality tests, classic assumption tests with linear regression. The results of the study prove that (1) liquidity has no significant effect on tax aggressiveness, (2) Leverage has a significant effect on tax aggressiveness, (3) Earnings Management has no significant effect on tax aggressiveness.

Keywords
Tax Aggressiveness, Liquidity, Leverage and Earnings Management

Topic
Taxation

Link: https://ifory.id/abstract/j7yedvYnqZET

Corresponding Author
Rahmat Yuliansyah

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
The purpose of this study was to determine the implementation of management of property regions/fixed assets in East Jakarta Administration City Government, Report Accountability for fixed asset management and what obstacles are encountered in the implementation of the management of regional/fixed assets, so this research will later give results about whether fixed asset management is on East Jakarta Administration City Government is in accordance with Ministerial Regulation Domestic No. 19 of 2016 concerning Technical Guidelines for the Management of Property What are the areas and constraints faced in the implementation of management. So can be useful for Property Managers (BPKAD Administrative City in East Jakarta) in an effort to pay more attention to the management of regional property/fixed assets. In this study using a descriptive-qualitative approach. In collecting data using observation, interviews, literature study, documentation, and internet searching. Data collection in this research was conducted by going down directly to the location of the study and reviewing it with studies existing library. The results of this study indicate that the management of fixed assets/property regions conducted by the East Jakarta Administration City Government the whole has been done to the maximum and in accordance with the management cycle regional property as regulated in PERMENDAGRI No. 19 years old 2016. Although not everything has been done to the maximum such as delays submission of reports at the level of goods users (SKPD), Utilization of goods regional ownership is only limited to the use and use of loans and safeguards conducted BPKAD East Jakarta City Government did not do legal safeguards. Reporting accountability to BPKAD East Jakarta Administration City Government has been implemented in accordance with applicable provisions this can be seen from the evidence of the implementation of the inventory such as the recording documents. Inhibiting factors in the implementation of the Cycle regional property management is a factor in human resources, commitment leaders, and fixed asset valuation factors.

Keywords
Management of Fixed Assets, Inventory of Fixed Assets, Factors Fixed Asset Blocker

Topic
Public Sector Accounting

Link: https://ifory.id/abstract/gBXKAbUGC3WH

Corresponding Author
juniarti juniarti

Institutions
STEI

Abstract
The government has issued a new provision on income tax on micro, small and medium enterprises, namely income tax on income from businesses that are received or obtained by taxpayers who have certain gross circulation. Where points are set out in the government regulation there is a reduction in tariffs, with a certain time limit, to create justice, certainty and usefulness of the law. This is to encourage the public to participate in formal activities by providing convenience and being more equitable to taxpayers who have a certain gross circulation for a certain period of time. This study aims to examine whether the reduction in final income tax rates, the dimensions of fairness, simplicity of calculation and the level of tax corruption affect the taxpayer compliance of micro small and medium businesses This study uses an associative type of research with a quantitative approach. Method Sampling was carried out using a purposive sampling method. as many as 100 respondents. The data used in this study are primary data by distributing questionnaires and measuring variables with a Likert scale taken from taxpayers of small and medium micro businesses registered at the Tax Office Pratama Pulogadung. Analysis method using Structural Equation Modeling (SEM) with the help of SmartPLS 3.0 software. then the results of the analysis will be presented in tabular form and will be analyzed. The results of this study indicate that the reduction in the final income tax rate has a significant effect on the compliance of taxpayers of micro small and medium enterprises, the justice dimension has a significant effect on tax compliance of small and medium micro business operators, the simplicity of calculation has a significant effect on the compliance of micro business taxpayers small and medium enterprises and the level of tax corruption has a significant influence on tax compliance of small and medium micro business operators.

Keywords
Decrease in Final Income Tax Rates; Dimensions of Justice; Simplicity of Calculation; Tax Corruption Level; Taxpayer Compliance Micro; small and medium businesses;

Topic
Taxation

Link: https://ifory.id/abstract/neNkCfcBFj3Q

Corresponding Author
Ali Sandy Mulya

Institutions
Faculty of Economics and Business
Universitas Budi Luhur
Jakarta, Indonesia

*) alisandy[at]outlook.com

Abstract
Abstract - This study aims to obtain empirical evidence about the influence of firm characteristics (leverage & profitability) on aggressive tax planning with family ownership as a moderating variable on public sector mining companies listed on the Indonesia Stock Exchange for the 2012-2016 period. In addition, family ownership is used as a moderating variable to determine the effect of the interaction of independent variables on the dependent variable. Design / Methodology: The author conducted a study using 12 mining sector public companies as research samples with 60 sample data. All data is processed using SPSS version 22.0 and WarpPLS 5.0. The results of this study indicate that leverage has a positive influence on aggressive tax planning. For profitability has a negative influence on aggressive tax planning. Whereas for leverage variables which are moderated by family ownership has a positive influence on aggressive tax planning and profitability variables moderated by family ownership have a negative influence on aggressive tax planning. Finding: Based on the empirical test results concluded that the old company owners have a big role in conducting aggressive tax planning in the company they own even though the company is listed on the Indonesia Stock Exchange Implications: Regarding the role of the old company ownership still has a big role, the regulator in financial services authority is more active in supervising companies listed on the Indonesia Stock Exchange, including especially companies with a large enough ownership of the company.

Keywords
company characteristics, aggressive tax planning, family ownership

Topic
Taxation

Link: https://ifory.id/abstract/bAYBRfXCavWp

Corresponding Author
Hendra Gustomi

Institutions
Sekolah Tinggi Ilmu Ekonomi Sakti Alam Kerinci

Abstract
A popular entity in the field of economy that is built from the village presence of Bumdesa/Bumnag. The establishment of this business entity is expected to be the economic solution of community in the village even become new economic movement. The popularity of this business entity is not all successful due to the difference in business perspective by its care. The success of a Bumdesa/Bumnag entity must be measured both quantitatively and qualitatively, so the model of the development of Bumdesa/Bumnag in the future. Four perspectives of Balance scorecard that have long been used in various business entities are considered capable of measuring the success of Bumdesa through performance indicators (KPIS). KPI is capable of demonstrating the driving characteristics of the development and empowerment of BUMDESA and the factors that are considered to weaken the bumdesa. A total of 41 people consisted of 123 administrators using questionnaire instruments. The results of research using the Structural Equations Model Smart PLS can conclude that the four-perspective balance scorecard can measure the performance of the Bumdesa/Bumnag caretaker. Of the four perspectives of Balance scorecard obtained the highest KPI value is a learning and growth perspective followed by internal business processes, financial perspectives and customer perspectives. The results of this research can be a role model field that must be developed in order to development of Bumdesa/Bumnag can run as a business entity that encourages the village economy

Keywords
balance scorecard, bumnag, kpi

Topic
Financial Accounting

Link: https://ifory.id/abstract/aUyzuCMKpVYf

Corresponding Author
Chita Oktapriana

Institutions
Fakultas Bisnis, Jurusan Akuntansi Universitas Bina Insani

Abstract
The Prospect of Sharia financial sector in Indonesia is getting better, and the existence of Sharia commercial banks (SCB) in Indonesia is guaranteed by law. This research examines the implementation-s influence of Islamic Corporate Governance (ICG), Islamic Corporate Social Responsibility (ICSR), and financial performance toward reputation, a study of SCB in Indonesia. The result of this research confirmed previous researches, some results are supported but some others aren-t supported. This research re-examine and elaborate previous researches by adding measurement variables from 3 financial ratios that represent liquidity, profitability and solvency. ICG is measured by self assessment rank in Good Corporate Governance report from sharia bank. ICSR is measured by the Islamic Social Reporting Index (ISR Index) and reputation is measured by the calculation of Global Reporting Initiative. The population in this research is all SCB in Indonesia. The sampling technique used is purposive and obtained 10 SCB with eight year research period from 2011–2018. Financial performance as a dependent variable is measured by Capital Adequacy Ratio (CAR), Operating Efficiency Ratio (OER), and Financing to Deposit Ratio (FDR). The data analysis method used is logistic regression. The results are ICSR has a positive effect while CAR and FDR has negative effects toward reputation. ICG and OER has no effect toward reputation. Other factors that have not been studied such as Risk Based Bank Rating including Non Performing Financing (NPF) or Investment Risk (composition and concentration of financing based on profit sharing) are able to implicate on different research

Keywords
Islamic Corporate Governance, Islamic Corporate Sosial Responsibility, Reputation, Financial Performance

Topic
Corporate Governance

Link: https://ifory.id/abstract/d2bDGqFWJxfA

Corresponding Author
Tutty Nuryati

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia
Jl. Kayu Jati Raya No.11A, Rawamangun, Jakarta, Indonesia
* tutty_siregar[at]ymail.com

Abstract
Qualified (WDP) opinion giving from BPK to (General Election Commission) KPU indicates that the fairness of financial statement is still doubted. Just started in 2017 when KPUs financial statement obtains unqualified (WTP) opinion. One reason why BPK gave qualified opinion on governments financial statement is the inventory. The property has not yet been fully supported by adequata administration, recording, and reconciliation of state property. In managing state property (BMN), management of state assets is very important. The government have to make policies for all central and regional ministries and institutions to controlling and managing the countrys asstets, the aim is to realize good governance in implementing bureaucratic reform. Accountability in the management of state property is reflected in periodic and timely reporting of state property, which starts with the recording, classification and reporting of user power items for the semester of the fiscal year, systematically presenting them in a set of information in accordance with the provisions. The government utilizes technology by developing a central government accounting system, the Institutional Accounting System (SAI), which consists of the Accrual Based Agency Accounting System (SAIBA) and the Management and Accounting Information System for State Property (SIMAK-BMN). SIMAK-BMN is a sub-system in the form of a series of interrelated procedures that produce information on fixed assets, inventories, and others for the preparation of balance sheets and reports on State property and other managerial reports.This study aims to determine whether the administration of state property and SIMAK-BMN implementation affect the quality of KPU (Secretariat General). The result shows that they give positive effects, both partially and simultaneously.

Keywords
State Property (BMN), SIMAK-BMN, KPU, Opinion

Topic
Public Sector Accounting

Link: https://ifory.id/abstract/UyXxQbwWu4aN

Corresponding Author
Ruslaini .

Institutions
Kasih Bangsa School of Economy

Abstract
White-collar crime has grown very rapidly along with the use of information technology in committing crimes including cyber crimes and non-compliance with laws and regulations especially regarding the making of financial statements that are not in accordance with the actual facts that may harm investors, creditors and other stakeholders. This often happens in the merger and acquisition process of the company. This research uses descriptive quantitative method. Research findings that The International Ethics Standards Board for Accountants (IESBA) issued on July 14, 2016 has been adopted by more than 100 countries to become a benchmark for conducting corporate financial audits to minimize non-compliance with laws and regulations. The Foreign Corrupt Practices Act (FCPA) has succeeded in reducing the criminal acts of corruption committed by the public, private sector, companies and individuals living in America and corruption, including bribery to foreign government officials. Similarly, the Public Company Accounting Oversight Board (PCAOB, 2015) has been able to go hand in hand with IESBA in combating criminal acts in presenting financial statements that violate both immaterial and material laws and regulations affecting the financial statements. Conclusion of the study is financial audit etichs in the merger and acquisition process must be applied and become part of government regulations in combating white collar crime so that there are no losses and large impacts for companies, investors, creditors that will affect the countrys economy.

Keywords
Financial Audit Ethics, Auditor, White Collar Crime.

Topic
Auditing

Link: https://ifory.id/abstract/ZAP3JkLmX2TR

Corresponding Author
Erna Lovita

Institutions
1. STEI Indonesia
2.3.4. Brawijaya University

Abstract
This study discusses the importance of the practices of internal control applied by management in carrying out its business operations. Research conducted at a supermarket engaged in retail and has a mission to run the Islamic business system. This study uses ethnomethodology to discuss daily internal control practices in all parts of supermarket operations. Data collection is done through interviews, collections and observations. The stages of research analysis are data reduction, data presentation, indexicality, reflexivity, and conclusion. The results showed the mission of supermarket is to run an Islamic business as an umbrella strategy in existing internal control practices. Through this mission, the company has a concept of pleasing the people. This concept has an impact on internal control that is formed on the internal and external parties. On the internal parties involve all levels of employees in supermarkets. On the external parties that handle consumers, suppliers and related parties around the company.

Keywords
Islamic Concept, Internal Control, Ethnomethodology

Topic
Information System

Link: https://ifory.id/abstract/tN8pGXAU2eRC

Corresponding Author
Uun Sunarsih

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia

Abstract
The existence of a company must give grace to all parties, which is reflected in the disclosure of ISR. The purpose of this study was to examine the effect of profitability, company size, industry type, environmental performance and institutional ownership on ISR. This research was conducted on companies listed on the 2013-2018 Sharia Securities List using purposive sampling and obtained 20 company samples. The method used is content analysis. The results showed that the profitability variable did not affect the ISR. It is possible that investors interest in investing is greatly influenced by the level of profits derived by the company compared to ISR disclosures. Firm size variable influences ISR because by having sufficient assets, the company has the opportunity to disclose ISR in more detail. The type of industry variable does not affect the ISR, this is possible the view that the type of high profile industry does not require legitimacy from the public. Environmental performance variable has no effect on ISR, because management has the view that companies do not need to disclose environmental performance because it will not affect the compensation received from the government. Finally the variable institutional ownership affects the ISR, this is because institutional ownership is able to force companies to carry out social and environmental activities.

Keywords
Islamic social Reporting, Industry Type Profitability, Company Size, Environmental Performance, Institutional Share Ownership

Topic
Islamic Accounting

Link: https://ifory.id/abstract/LEKGMPpVzeFW

Corresponding Author
Lies Zufiati

Institutions
Sekolah Tinggi Ilmu Ekonomi Indonesia, Jakarta, Indonesia

Abstract
This study is aimed to test what are the findings of the audit results on the management of Land and Building tax of rural and urban areas after submission from the Central Government has a probability of influencing the determination of opinions from the audit result of the Supreme Audit Board of The Republic of Indonesia. The population of this study is Local Government Financial Statements which has been audited by the Supreme Audit Board of the Republic of Indonesia for 2014 - 2017. Data comes from Summary of Examination Result overview for Semester I and II in 2015 - 2018. The Local Government Financial Statements taken as a sample are all Local Government Financial Statements of district and city governments throughout Indonesia added with one Provincial Government namely DKI Jakarta which does not have district and city governments. The results showed that the independent variable of audit findings of land and building tax have a negative in influencing the opinion of the examination results

Keywords
Audit Findings of Rural and Urban Land and Building Tax, Audit Opinion of BPK

Topic
Public Sector Accounting

Link: https://ifory.id/abstract/4V9kGMBZA3Nd

Corresponding Author
Hilda Octavana Siregar

Institutions
Accounting Program, Deparement Economics and Business, Vocational School , Gadjah Mada University

Abstract
Cash and investment are two factors that can increase the financial independence of Public Health Service Agencies. This study aims to create a cash and investment model in 2030 in the Public Health Service Agencies in Kulon Progo. Financial independence in health institutions is measured by the cost recovery rate. This research is applied research to implement the Public Health Service Agencies Act. The data used in this study were the financial statements of all Public Health Service Agencies in Kulon Progo. The method used in this research was quantitative with the Auto-Regressive Integrated Moving Average (ARIMA) method in determining the model and projection of cash, investment and cost recovery rates; and descriptive regression statistical methods to determine the relationship between cash and investment with financial independence. The results of this study indicate that the average cash was Rp170.439.100,00 investment was Rp92.313.897,00 and financial independence ratio was 196% in 2030 and there was a positive correlation between cash and investment with a cost recovery rate. The results of this study can contribute to the Public Health Service Agencies in particular and Kulon Progo Regency in general

Keywords
Public Health Service Agencies, cash projection, investment projection, cost recovery rate, ARIMA

Topic
Public Sector Accounting

Link: https://ifory.id/abstract/m3EQG286tHfv