Abstract
There are 740 cooperatives registered in Bandar Lampung, but more than 50% are suspended. Of these, only a few are actively reporting their financial performance in the form of complete financial statements. Therefore the author assumes that it is important to analyze the comparison financial performance of conventional cooperative and of Islamic cooperatives in the city of Bandar Lampung. The overall financial performance of cooperatives is assessed based on the regulation of the State Minister for Cooperatives and Small and Medium Enterprises of Republic of Indonesia Number: 14 / PER / M.KUKM / XII / 2009. The assessment of cooperative health includes capital, quality of productive assets, management, efficiency, liquidity, independence and growth, and cooperative identity. To assess the financial performance of sharia cooperatives is based on the regulations of the Minister of Cooperatives and Small and Medium Enterprises No. 35.3 / Per / M.KUKM / X / 2007. In addition to cooperative health assessments covering capital, quality of productive assets, management, efficiency, liquidity, independence and growth, and identity of cooperatives, there is an assessment of compliance with Islamic principles. The objects in this study are cooperatives that actively reported their finances to the cooperative service in 2015 and 2016. There are 24 conventional and sharia cooperative financial reports analyzed. Based on the analysis, the financial performance of conventional cooperatives gets a final score of 67.15 while the sharia cooperative gets the final score amounting to 74.13. The value indicates that conventional cooperatives and Islamic cooperatives are equally healthy. Nevertheless, it can be said that the financial performance of Islamic cooperatives is better than that of conventional cooperatives.
Highlights
The objective in this study is to examine empirically changes in the level of conservatism of corporate accounting information in Indonesia as a result of the use of Financial Accounting Standards (IFRS) adopted by IFRS (International Financial Reporting Standards)
Using multiple regression models that place accounting conservatism as a dependent variable while IFRS adoption, managerial ownership, institutional ownership, and public ownership as independent variables, this study proves that IFRS adoption does not affect the level of conservatism of accounting information
International Journal of Accounting and Financial Reporting, 6(1), 127-160
Summary
International Financial Reporting Standards (IFRS) merupakan standar akuntansi internasional yang disusun oleh International Accounting Standards Board (IASB), yang pada awal terbentuknya bernama International Accounting Standards Committee (IASC). Menurut Zeghal dan Mhedhbi (2006), menyatakan bahwa adopsi standar akuntansi internasional selalu menjadi subjek kontroversi dalam literatur akuntansi oleh negara-negara yang berbeda. Hal tersebut didukung dengan studi yang dilakukan oleh Barth, et al (2008) yang menyimpulkan bahwa perusahaan-perusahaan yang mengadopsi standar akuntansi internasional, kualitas informasi akuntansinya meningkat dibanding periode sebelum adopsi. Struktur Kepemilikan (Ownership Structure) Beberapa studi menunjukkan bukti empiris bahwa faktor standar akuntansi saja (termasuk IFRS) tidak cukup untuk menentukan kualitas informasi akuntansi. Salah satu rekomendasi G20 adalah menegaskan perlunya IASB dan FASB menggandakan usahausaha dalam rangka konvergensi standar akuntansi keuangan, dan meminta kedua dewan untuk dapat menyelesaikan proyek pengembangan konvergensi tersebut pada bulan Juni 2011. Berdasarkan pemaparan di atas, maka hipotesis yang diajukan dalam penelitian ini adalah: H: Konservatisme informasi akuntansi perusahaan meningkat setelah laporan keuangan disajikan menggunakan standar akuntansi hasil adopsi IFRS
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