Abstract
This research aims to identify State Asset Managers’ understanding regarding the basic principles of accrual-based government accounting on Indonesia’s State Assets. The value of State Assets provides a very significant proportion in Central Government Financial Statement that inaccuracy of just one aspect in the process of asset recording will have a significant impact on Central Government Financial Statement. This research attempts to explore the extent of the asset manager’s understanding of basic principles of accrual-based government accounting. State asset revaluation was held from 2017-2018. One of the main objectives of the revaluation was to increase the validity and accuracy of state asset values presented in the financial statements. This objective can only be achieved when state asset managers also have a good understanding of the basic principles of accounting. This is a descriptive quantitative research study. The data was collected through a survey using questionnaire forms and distributed to State Asset Managers. Results show that, in general, State Assets Managers have comprehended adequate knowledge of accrual-based government accounting principles. However, the understanding level varies. As the reliability of Government Financial Statement is at stake, GoI needs to take this current condition of State Assets Managers into account in preparing the next-step-strategies after asset revaluation. A strong understanding of accrual accounting is essential for all Asset Managers to properly persevere revaluation results in state assets accounting reports.
Published Version
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