Components Of Statements Research Articles

The Proposed Implementation of SAK ETAP in the Financial Statements of Bumdes Panggung Lestari in Panggung Harjo Village

This research was conducted with the aim of providing proposals for the application of SAK ETAP to the financial statements of BUMDes Panggung Lestari and analyzing the financial statements of BUMDes Panggung Lestari that have been prepared. This research uses a qualitative approach with the type of research being descriptive. This research uses primary data and secondary data to prove the results of the research. The primary data used is the result of interviews with BUMDes Panggung Lestari implementers, while the secondary data is in the form of financial statements for BUMDes Panggung Lestari. Based on the results of the research that has been carried out, it can be concluded that: 1. The presentation of the financial statements of BUMDes Panggung Lestari still contains errors in recording accounts such as purchases of supplies and equipment which are directly charged in the financial statements of BUMDes Panggung Lestari, the presentation of the financial statements of BUMDes Panggung Lestari has not presented the report components completely. 2. BUMDes Panggung Lestari is expected to be able to implement SAK ETAP in the presentation of its financial statements in order to improve the quality of financial statements and be responsible for every transaction and item and component of financial statements based on considerations in accordance with the rules established by SAK ETAP.

Analisis Perbedaan Penyusunan Laporan Keuangan Konsolidasi pada Perusahaan di Indonesia dengan Konvergensi IFRS dan PSAK 22

The purpose of this study is to determine how IFRS 22 and IFRS 3 differ from each other with respect to business combinations as they relate to the compilation of consolidated financial statements for Indonesian companies. Because this strategy gives researchers an idea of how the topic of debate has evolved, a qualitative method that uses a review literature approach is the type of method used. Secondary data that has been examined to generate a description of the research topic is the source of the data used. The study shows that IFRS 22 and IFRS 3 differ in several areas, including the presentation of long-term liabilities that must be refinanced, minority interest rate requirements, disclosures in financial position statements, and financial statement components. Consolidated financial statements based on IFRS number 3 and PSAK number 22 must be prepared for the combination of companies. Guidelines for reporting consolidated financial statements for companies with subsidiaries are listed in PSAK number 22. Guidance on the accounting treatment of corporate purchases is provided by IFRS 3. The components of the financial statements, the disclosures in the statement of financial position, the term minority interest, extraordinary headings, and the reporting of long-term liabilities to be refinanced are where PSAK 22 and IFRS 3 differ. It is important for all businesses to have a comprehensive understanding of the relevant guidelines and regulations to guarantee the accuracy and compliance of consolidated financial statements with such accounting standards. It is important to speak with a qualified financial advisor or professional accountant if further details or a more thorough explanation are needed.

Analisis Penerapan Isak 35 Tentang Penyajian Laporan Keuangan Entitas Berorientasi Nonlaba Pada Yayasan

This sudy aims to analyze the report according to ISAK 35 and find out the obstacles to making ISAK 35 financial statements at the Islamic Education Foundation Al-Ikhlas Raudlatul Athfal "Al-Ikhlas" Sukabumi. This research uses a qualitative method with a descriptive approach. Based on the research, nonprofit organizations such as foundations, their financial reporting refers to ISAK 35 related to the presentation of a nonprofit-oriented entity's financial statements with 5 (five) components of financial statements which include the statement of financial position, statement of comprehensive income, statement of changes in net assets, statement of cash flows and notes to financial statements. After analyzing what happened to this foundation in 2022, it did not use ISAK 35 financial statements as a financial reporting standard. However, the financial statements made are only simple, namely only recording cash in and cash out. As well as the initial transactions that occur are recorded first even though there is no cash to be issued so that accounting records are included in cash-based records. At the end of the year the records will be recapitulated and become a financial report that records income and expenses and is set aside as the remaining operational money or as a determinant of cash in the treasury during one period. And the obstacles to the preparation of financial statements in accordance with ISAK 35 in this foundation in terms of human resources factors.

An Assessment of Capital Structure Decisions among Listed Deposit Money Banks in Nigeria

This study aimed to assess Capital Structure Decision among listed Deposit Money Banks (DMBs) in Nigeria by assessing the effects of total equity and debts on capital structures of DBMs in Nigeria. The study alsocorrelated asset tangibility to firm size and examined the effect on the capital structure of the Banks. The study used secondary data collected from the annual accounts and reports of the selected ten (10) banks purposively selected for twelve (12) years covering 2011- 2022. The study’s population is made up of twenty-four existing listed deposit money banks on the list on the Nigerian Exchange Group plc based on the availability of data. The study employed explanatory variables of total equity, total debt, asset tangibility, and firm size to capture financial statement components. Data was analyzed using descriptive analysis and panel regression models. Findings revealed that equity, debts, and assets tangibility have positive and significant effects on the capital structure decision of the selected banks, while the firm’ size does not. The study concluded that equity capital, debt capital, and long-term assets are relevant in capital structure decision of listed deposit money banks in Nigeria. It is recommended that management should carefully assess the appropriate mix of equity and debt that maximizes income potentials and continuity of the firm in the context of substantial tangibility of the assets.

The impact of the IFRS1 standards implementation on the quality of banks financial reporting

The paper aims to highlight the developments in the field of accounting standards represented by the development of International Financial Reporting Standards (IFRS1). The research also attempts to identify the importance and effect of International Financial Reporting Standards (IFRS1) application on the quality of financial reporting in banks working in Dohuk Governorate. In addition, it demonstrates the impact of (IFRS1) on the objectives and the components of financial statements of these banks. The significance of this paper is to address one of the important and recent topics in the area of international standards, namely standard (IFRS1) and the level of their impact on the quality of financial reporting. The research reached number of conclusions, the most important one: the research illustrated through statistical analysis the possibility of applying international financial reporting standards (IFRS1) in these banks. The application of financial reporting standards will contribute to improving the quality of financial reports so as to reflect the economic reality of the banks under investigation. The study recommended that these banks have to apply international financial reporting standards as they have a positive impact on the quality of financial reporting and its reflection on the decisions of investors.

The use and perceived usefulness of public sector financial statements by politicians – evidence from Croatia

PurposeThis study analyses to what extent politicians use public sector entities' financial statements along with the politicians' perceptions of the usefulness of such statements in the politicians' decision-making. The authors analyze financial statements' use and usefulness when the statements are prepared on a modified accrual basis and in the setting where there is the intention of full accrual accounting adoption. In addition, this study provides information about the use of the individual components of financial statements and investigates the reasons why the statements may not be used.Design/methodology/approachThis study was conducted using a questionnaire. The authors surveyed politicians that are members of Croatian public sector bodies. To conduct this research, the politicians were contacted by telephone over the period from February to April 2022.FindingsThe findings of this study are of potential interest to researchers, regulators and policy makers. The findings show that most politicians use financial statements, but the politicians' perception of the statements' usefulness when the statements are prepared on a modified accrual accounting basis is greater than the politicians' actual use of the statements. The findings also show that in the process of making decisions, politicians use the selected financial statements that contain information of interest to the politicians; that the politicians tend to gravitate to the use of reports on revenue, expenses, receipts and expenditure prepared on modified accrual bases which are closer to budgetary reporting; that the politicians use the information that supports the politicians' sphere of responsibility as enforced by legislation.Originality/valueThis study provides insights into the use and usefulness of financial statements in public sector setting where modified accrual accounting is used to prepare the statements and reports. This study provides additional evidence on the significance of legal setting to the financial reporting in public sector.

Analysis of the Application of Emkm SAK in the Preparation of Financial Statements in the Sakti.Online Application

The purpose of this study is to analyze the application of SAK EMKM in the preparation of financial statements produced by the cooperative application system, namely SAKTI. Online. The research was conducted at the Nurul Iman Cooperative. This research uses qualitative methods with a type of comparative descriptive approach that will later describe, describe and compare theory and actual practice so that conclusions can be drawn. Data were obtained using observation, interview, and documentation techniques. The results of the study concluded that the financial statements of the Nurul Iman Cooperative were presented using the SAKTI.Online Applications were not by SAK EMKM completely because they had not presented the three components of financial statements according to SAK EMKM. The preparation of the Nurul Iman Cooperative financial statements was presented using the SAKTI.Online application only presents the balance sheet (statement of financial position), and the calculation report of operating results (income statement) but has not presented notes to the financial statements.

The Effect of Financial Literacy on the Financial Welfare of Households of Genpro SMEs in Bengkulu City, Indonesia

The purpose of this study was to determine the effect of financial literacy on the financial well-being of household actors of GENPRO members in Bengkulu city. Study of financial literacy of household actors and analysis of the relationship between financial literacy and financial welfare of household actors as economic welfare. Supervision was carried out on 150 respondents from GENPRO members. The method used is quantitative research, with primary data conducted offline. The results showed that financial behavior and financial knowledge had no significant effect on financial well-being, while financial attitudes had a significant effect on the financial well-being of household actors. It is evident from the results of smart PLS processing, and they realize that the components of financial statements follow experience, investment knowledge is still lacking. This research will have implications for the government and related agencies as well as household actors by describing the importance of adequate financial education facilities for household actors to improve their welfare.

THE INDICATORS OF FRAUDULENT FINANCIAL REPORTING AMONG STATE GOVERNMENT AGENCIES IN MALAYSIA

One of the three levels of government in Malaysia is the state government organisation. The public is concerned about the fund governance within the entity because government agencies use public funds to carry out their everyday operations. Following the audit report released by the Auditor General's Department is one of the ways to check that public funds have been used responsibly. This research seeks to identify the different types of audit reports issued by the Auditor General Department in response to the public's growing concern regarding the financial oversight of these government agencies. (AGD). In order to accomplish the study's goal, a qualitative method using content analysis was applied to five years of data from 2013 to 2017 for audit report credentials issued to the condition government and reported online through the websites of the Auditor General Department (AGD). The results demonstrate that Melaka state government agencies reported the greatest number of Qualified Report incidences, at 23. The research also showed that the most common crimes involve faking liabilities and expenses, as well as altering the value of assets. These reports, which cover a period of more than five years, may point to possible fraudulent financial statement components or warning signs that may have occurred within government agencies. Such a situation could damage the organisation's reputation for good financial management and reflect poorly on public sector government bodies.

Penerapan ISAK No.35 Pada Laporan Keuangan Masjid At-Taqwa

This study aims to analyze the financial statements of the At-Taqwa Wonoasri Mosque, so that it can be seen how in recording the financial statements of the At-Taqwa Wonoasri Mosque and introduce the financial standards of non-profit organizational entities, namely ISAK No. This study used a qualitative method which was carried out by direct observation and interviews with the administrators of the Wonoasri At-Taqwa Mosque. The results of this study indicate that the form of the report at the At-Taqwa Wonoasri Mosque is not in accordance with the applicable non-profit organization standards, namely ISAK No. 35. this is due to lack of updates in knowledge related to non-profit organization entity standards. The mosque's financial statements are analyzed based on ISAK No. 35 which consists of five components of financial statements, namely statements of financial position, comprehensive reports, reports of changes in net assets, statements of cash flows and notes to financial statements. Based on this research, it can be concluded that the basis of recording applied at the At-Taqwa Wonoasri Mosque is using a cash basis. After the analysis, it is known that the mosque's financial statements are not in accordance with ISAK No. 35. Then the mosque's financial statements were reconstructed in accordance with ISAK No. 35 by identifying transactions, making general journals, posting to ledgers, asset depreciation paragraphs, adjusting ledgers, trial balances.

Studi Kualitatif Persepsi Pengurus Gereja Terhadap Pelaporan Keuangan Berbasis Isak 35

The church as a non-profit oriented entity accepts donations to fund its service activities and donors do not expect a comparable return of economic benefits. Legitimacy theory can be used to explain the position of the church which has a social contract with the people so that it is still necessary to make accountability. Interpretation of Financial Accounting Standards 35 as a substitute for Statement of Financial Accounting Standards No. 45 is a guideline for non-profit oriented entities to present financial statements, including churches. This study aims to explore the understanding of church managers on the components of financial statements and their usefulness. This study is a qualitative research with a phenomenological approach with five church administrators informants on the implementation of ISAK 35 as of January 1, 2020. The method used in this study used interviews with in-depth interviews. The analysis technique in the study after conducting the interview was transcription, description and interpretation of the data obtained. The results showed that the guidelines used to prepare the financial statements of PSAK 45. Other results, the informants already had a basic understanding, namely being able to mention the main accounts in each financial report and provide an explanation of their use, except for the cash flow statement because this report is not a component of financial statements that served. The existing financial reports are sufficient to be used as a basis for church management, starting from planning, controlling and making decisions.

ANALISIS PENYAJIAN LAPORAN KEUANGAN BERDASARKAN SAK-ETAP PADA KPN SERUMPUN DINAS PENDIDIKAN DAN KEBUDAYAAN KABUPATEN REJANG LEBONG

Financial statements are a means of communicating financial information from the results of the accounting activity process that can assist users of financial statements in making decisions. Generally accepted Financial Accounting Standards are considered complicated to apply to business entities that do not have public accountability. Based on this, IAI issued Financial Accounting Standards for Entities Without Public Accountability (SAK-ETAP) which can accommodate accounting needs for entities that do not have public accountability. This study aims to analyze the application of SAK-ETAP in the presentation of the financial statements of the Cognate KPN of the Education and Culture Office of Rejang Lebong Regency. KPN Cognate of the Education and Culture Office of Rejang Lebong Regency is a business entity that manages members' funds in the form of savings and loans. The method used in this research is comparative descriptive analysis. The results of the study based on the presentation of the balance sheet, income statement, statement of changes in equity, and cash flow statements for 2019, show that the KPN Cognate of the Education and Culture Office of Rejang Lebong Regency has not presented notes on financial statements (CALK), there is an error in the classification of account posts, and there are inconsistencies in updating the statement of cash flows. This study suggests that cooperatives disclose cooperative accounting policies in CALK, update each component of financial statements, and hire employees who are skilled in accounting.

Penyusunan Laporan Keuangan Berdasarkan Standar Akuntansi Keuangan Entitas Mikro Kecil Dan Menengah (SAK-EMKM) Pada Usaha Mikro Kecil Menengah (UMKM) Berkah Laundry

The problems discussed in this study are the recording of financial statements of MSME Berkah Laundry which have not recorded in detail and are not in accordance with applicable accounting standards, namely SAK-EMKM. The purpose of this research is to prepare financial reports based on SAK-EMKM. The type of research that the author uses is field research with a descriptive qualitative approach. The data collection technique that the author uses is through interviews with the owners of the Berkah Laundry UMKM and documents related to the preparation of the Berkah Laundry UMKM financial statements. And the purpose of this research is to compile financial reports on UMKM Berkah Laundry based on SAK-EMKM. The results showed that the financial statement recording system carried out by the Berkah Laundry UMKM based on SAK-EMKM had three components of financial statements, namely the statement of financial position with total assets of Rp. 45,222,375,00 and total equity and liability of Rp. 45,222,375,00, income statement with total profit of Rp. 7,602,375,00 and notes to financial statements.

Development of information supplement of reporting forms as an effective way of business management

The object of research is the information support of settlement operations as an effective way of business management to minimize risks and their consequences in the agricultural sector in today's global economy. This study is due to the lack of accounting practices, namely the low informativeness of reporting forms for business management, which needs to be improved in terms of settlement operations, which should be aimed at the efficient use of resources by agricultural companies. The analysis of the current state of reporting as information support of business management calculations is carried out. It is determined that the internal and financial reporting does not contain sufficient information on the settlement operations of business units, especially taking into account the emergence of new settlement instruments and a system of support for their implementation, including agricultural receipts. The use of agricultural receipts as a new financial calculation tool and an alternative mechanism for agribusiness lending requires informational reporting, which allows to increase the efficiency of management decisions. The study used the stages of modeling the calculation management process for users. For their implementation, the main directions for supplementing the content and components of financial statements f. No. 1 «Balance Sheet» (Statement of Financial Position) and f. No. 5 «Notes to the annual financial statements» are suggested. Management reporting is proposed, namely «Report on the status of settlements within accounts payable» and «Report on the status of settlements within accounts receivable». As well as the development of Section 4 «Risk Report» and Section 5 «Liquidity and Liabilities» of the Management Report. This provides an opportunity to generate useful, objective and relevant information adapted to the taxonomy of financial reporting (according to international financial reporting standards) in Ukraine. This information will assist company management, current and potential investors, lenders and other lenders in making effective management decisions. Compared to similar known methods, the proposed approaches allow to effectively manage the business, providing a high level of control over the state of settlements. The received information support will allow to minimize losses through the impact on risks due to the predictability of their potential consequences, which will contribute to the observance of financial independence and development of the agricultural sector.

Pengaruh Ukuran Perusahaan, Likuiditas, dan Perataan Laba Terhadap Kualitas Laba

Earning s is a component of financial statements that describes the level of profitability of a company. The earning information listed on the financial statements should be of quality because investors can use profits to assess the company's future performance. This research aims to determine the influence of company size, liquidity, and income smoothing on earning quality in transportation sub-sector companies listed on the Indonesia Stock Exchange for the period 2015-2019. T o collect samples, this study uses purposive sampling which result in 45 firm observations. The data analysis technique used is multiple linear regression analysis. The result s showed that company's size, liquidity, and income smoothing have significant positive effect s on earning quality. In particular, the size of the company and income smoothing partially have significant positive effect s on earning quality. Meanwhile, liquidity has no effect on earning quality.

PENERAPAN PSAP NO. 01 DALAM PERTANGGUNGJAWABAN KEUANGAN DI DESA PENTADIO TIMUR

This study aims to determine the application of the Governmental Accounting Standard Statement (PSAP) No. 01 In Village Financial Accountability in Pentadio Timur Village, Telaga Biru District, Gorontalo District. This type of research uses descriptive research with a qualitative approach by Nazir (2009). The results of this study are that the financial accountability reporting in Pentadio Timur Village, Telaga Biru District, Gorontalo Regency is in accordance with the Minister of Home Affairs Regulation Number 20 of 2018 in the fifth part of article 70 regarding Village financial accountability and is based on the Government Accounting Standards Statement (PSAP) No. 01. However, it is not yet fully in accordance with the implementing regulations. Where the Village Government has only made four of the seven rules of financial accountability reports, while in the regulation on Implementation of PSAP No. 01 it has 7 (tuju) components of the rules. In this case, it is hoped that the Government will make a village financial accountability report in accordance with Government Regulation Number 71 of 2010 based on PSAP No. 01 by completing the components of financial statements in order to create accountable and transparent financial reports

Analysis of the implementation of Indonesia Financial Accounting Standards number 109 at the National Management Agency of West Kalimantan Province

Purpose - This research aims to determine the implementation of Indonesia Financial Accounting Standards (PSAK) 109 at the National Zakat Management Agency (Baznas) of West Kalimantan Province.Method - The research was conducted using a qualitative descriptive research method to describe events in the research field, in the form of reports and distribution of Zakat, Infaq and Shadaqah (ZIS) in 2017 and 2018, then compared with PSAK 109. Result - The results showed that the implementation of PSAK 109 in the recognition and measurement section of Baznas in West Kalimantan Province can be stated in accordance with PSAK 109. Meanwhile, the implementation of PSAK 109 in the presentation, disclosure and component of financial statements in Baznas of West Kalimantan Province has not fully implemented PSAK 109 as a whole.Implication - The implication of this research is expected to help Baznas of West Kalimantan Province in implementing PSAK 109 so that public trust can increase in the management of ZIS funds.Originality - The uniqueness of this research compared to several previous researches can be seen from the object of research that was first conducted at Baznas of West Kalimantan Province and the research used the data in the last 2 years.

Analisis Penyajian Laporan Keuangan Berdasarkan SAK EMKM

This research put the object on PT. Duta Karya Sinergi, services companies that located on Bekasi, West Java. The purpose of this research is to analyze the application of SAK EMKM (Financial Accounting Standard Entity Micro, Small and Medium Enterprises) on the presentation of financial statements conducted by PT. Duta Karya Sinergi. Many SMES are less understands the importance of accounting standards for financial statements preparation, so it can be affect the business activities, in both the financial and non-financial. The type of research that was used a qualitative descriptive method, is a research that attempted to describe in a narrative form against the preparation activities of financial reports on this research object. Data collection technique are used observation, interview, and documentation to get the evidences as well as information data required. The results of this research showed that the financial statements conducted by PT. Duta Karya Sinergi is not yet fully in accordance with the SAK EMKM. There are a diferences in the components of financial statements, the company did not showed the notes to financial statements therein.

Menadžment procesa revizije nabavki

The paper will present the way in which the procurement audit process takes place in a particular settlement entity. The paper is presented in nine parts in a way that at the beginning of the paper defines key concepts, so through segregation and identification of risks in the procurement process, it is necessary to define the necessary criteria that must be met in the process of controlling procurement procedures. in the audit of the financial statements of the entity. As one of the most important business processes in the company is the audit of the procurement process due to the fact that it represents a significant component of financial statements, both balance sheet and income statement, the authors are of the opinion that the work will contribute to persons performing procurement activities. to manage the procurement audit process, identify problems in the same as well as ways in which problems could be overcome.

ФОРМУВАННЯ НОВИХ ПОКАЗНИКІВ ФІНАНСОВОЇ ЗВІТНОСТІ ПРО РОЗРАХУНКОВІ ОПЕРАЦІЇ – ЗАПОРУКА ЕФЕКТИВНОСТІ УПРАВЛІНСЬКИХ РІШЕНЬ

The purpose of the article is to substantiate the theoretical and applied aspect of information support by forming new indicators of financial reporting on settlement operations as a guarantee of the effectiveness of management decisions. Research methodology. Achieving the goal set in the article is carried out using the following research methods: logical generalization and scientific abstraction, analysis, analytical method. The study aims to supplement the information and accounting support for management purposes, which will contribute to the efficient use of resources. Results. It is noted that the disadvantage of accounting practice is the low informativeness of the forms of financial reporting for business management purposes and requires its addition to the part of settlement operations. The modern economic environment of business needs to overcome the limitations of financial information, which is manifested in the development of new reporting standards of a fundamentally different format. Improving the management process for the efficient operation of business units in the agricultural sector involves the development of new analytical strategies, detailing performance indicators to find “bottlenecks” or strengths through quality information. The main source of information on calculations is financial reporting, and a comprehensive assessment of the implementation of settlement operations of agribusiness enterprises, not only for their individual elements, but also through various forms and new settlement tools and lending mechanisms for agribusiness, which requires improved financial reporting in terms of settlement operations as an effective way to manage business. It is noted that the integration processes, in terms of recognition of Ukraine as part of the world economic community, require implementation in a single information environment that will contribute to the harmonization of accounting. The reform process should take into account the provisions of International Financial Reporting Standards on reporting, which will facilitate management decisions in terms of investment / business lending. It is proposed to improve the content and components of financial statements of business units (f. № 1 “Balance Sheet” (Statement of financial position) and f. № 5 “Notes to the annual financial statements”) through the formation of new indicators using agricultural receipt as a new calculation tool and alternative mechanism lending to agribusiness enterprises. The practical significance of the research results. The use in practice of the proposed theoretical and applied approaches to improve reporting with new indicators will generate objective information adapted to the taxonomy of financial reporting (according to international financial reporting standards in Ukraine) for management, current and potential investors, lenders and other lenders in making effective management solutions.