Disclosure Of Assets Research Articles

THE EFFECT OF BAI, SIZE, OWNERSHIP, AND PROFITABILITY ON DISCLOSURE OF BIOLOGICAL ASSET

Data from the Ministry of Agriculture showed that during the Covid-19 pandemic, agricultural sector managed to increase the growth of GDP by 2.19% compared to the previous year (year-on-year). Then, data from the Central Bureau of Statistics shows in 2020, only the agricultural sector made a positive contribution of 1.75% to GDP compared to other business sectors. This needs to be the government's attention to develop the agricultural sector as a sector that is expected to be the main engine of development in order to realize the Sustainable Development Goals (SDGs). The intention of this research was to find out the effect from intensity of biological asset, firm size, managerial ownership and profitability on disclosure of biological assets in agricultural enterprises listed on the IDX from 2016 to 2020. This study falls under verification research category. All agricultural companies listed on IDX period 2016-2020 are the population in this research. Purposive sampling was used to choose the sample and 13 companies were chosen. Documentary studies were used to acquired data. In this study, data was collected utilizing a documentary study with analysis of multiple linear regression. In this study data processing using the help of IBM SPSS Ver.25.0. According to the findings of this study, firm size has a considerable favorable effect on the dsiclosure of biological assets. The intensity of biological assets, management ownership, and profitability no impact disclosure of biological assets. Thus, biologiccall aset intensity, firm size, managerial oownerhip, and profitability silmutaneously impact on biological aset disclosure.

Analisis Perlakuan Akuntansi pada Aset Bersejarah

This study aims to analyze the accounting treatment of historical assets in case studies at the state Museum of West Nusa Tenggara Province based on compliance with government regulations. This study employs descriptive qualitative methods, as well as data collection techniques such as interviews and documentation. The result of this study indicate that in defining historical assets in accordance with the meaning of these historical assets, and the recognition of historic assets is in accordance with Government Accounting Standards number 07 of 2010 in terms of the economic benefits provided by these assets. Valuation of historic assets at the state Museum of West Nusa Tenggara Province has not determined which methods to use, but the value is written in the financial statements in accordance with the acquisition. In terms of presentation and disclosure of historical assets in financial statements where the presentation of these historical assets is presented in the form of quantity only without value, and for disclosure to CaLK every year. Based on research conducted, accounting practices applied to the State Museum of West Nusa Tenggara Province are not fully in accordance with applicable government accounting standards.

VALUATION OF INTANGIBLE ASSETS IN THE CONTEXT OF ECONOMIC INSTABILITY IN UKRAINE

The article is devoted to the issues of intangible assets valuation caused by globalization processes, deep digital transformation of economic relations, and, as a result, implementation of the results of innovation and intellectual activity in all spheres of economic activity. Ukraine's current realities include the development and use of innovative software in military operations (artificial intelligence, autonomous systems (unmanned aerial vehicles), software (automated battle management systems, situational awareness systems, digital maps, etc.), in the field of security and defence, ecology, healthcare and rehabilitation of the military and civilians, restoration of energy and transport infrastructure, etc. All of these processes are associated with the generation of intellectual products and intellectual property rights, which are intangible assets by their economic nature and cannot be commercialized without their valuation.The purpose of the article is to analyze the international experience and national practice of valuation of intangible assets and intellectual property rights in the process of their commercialization, as well as in the accounting and reporting system in the context of economic instability. The author highlights the problems of valuation and disclosure of intangible assets in financial statements, in particular, the need to test them for changes in potential usefulness, given the effects of the global COVID-19 pandemic and the russian military invasion of Ukraine, which have led to impairment of assets, increased risks and their impact on accounting estimates and disclosures.The main results of this research are the improvement of methodological approaches to the valuation and testing for changes in the potential usefulness of intangible assets, taking into account the risks associated with the consequences of the COVID-19 pandemic, russia's military aggression against Ukraine, and global economic uncertainty.

The Effect of Biological Asset Intensity, Ownership Concentration, Public Ownership, and Audit Committee Meeting on Biological Asset Disclosure

The existence of biological assets is fully regulated in PSAK 69 which is the adoption of IAS 41. This study aims to provide empirical evidence related to the influence of biological asset intensity, ownership concentration, public ownership, and audit committee meetings on biological asset disclosure. The population used in this study is an agricultural company listed on the Indonesia Stock Exchange (IDX) for the period of 2018 to 2021. The sample selection method used in this study was purposive sampling. Based on the predetermined criteria, a total sample of 15 companies was obtained with a total of 60 firm observations. Data were analyzed using multiple regression analysis methods. Results show that biological assets intensity has a positive influence on the biological assets disclosure of agricultural companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021. However, ownership concentration, public ownership, and audit committee meetings have no effect on the biological assets disclosure of agricultural companies listed on the Indonesia Stock Exchange.

THE ROLE OF OWNERSHIP CONCENTRATION AS MODERATION ON BIOLOGICAL ASSET INTENSITY, COMPANY SIZE, AND FIRM GROWTH ON BIOLOGICAL ASSET DISCLOSURE IN AGRICULTURAL INDUSTRY IN INDONESIA

Disclosure in financial statements is now important for users. The purpose of this study is to empirically prove whether there is an influence between Biological Asset Intensity, Company Size, and Firm Growth on Biological Asset Disclosure. In addition, this study wants to see whether the Ownership Concentration moderates the relationship between those variables. The population of this study is agricultural companies listed on the Indonesia Stock Exchange (IDX) in the period 2018 to 2020. Purposive sampling was usedthe sampling technique and the total sample obtained was 51 samples. The data were processed using SPSS ver 26.0 with multiple regression analysis and Moderated Regression Analysis (MRA) methods. The results of the analysis of this study found that Biological Asset Intensity, Company Size, and Firm Growth did not have a significant effect on Biological Asset Disclosure. The results of the moderation analysis, Ownership Concentration proves to strengthen the relationship between Biological Asset Intensity and Company Size on Biological Asset Disclosure. However, Ownership Concentration has proven to weaken the relationship between Firm Growth and Biological Asset Disclosure.The implication of this research is the need to increase the role of centralized ownership in terms of financial statements in order to provide added value for investors.

THE ROLE OF OWNERSHIP CONCENTRATION AS MODERATION ON BIOLOGICAL ASSET INTENSITY, COMPANY SIZE, AND FIRM GROWTH ON BIOLOGICAL ASSET DISCLOSURE IN AGRICULTURAL INDUSTRY IN INDONESIA

Disclosure in financial statements is now important for users. The purpose of this study is to empirically prove whether there is an influence between Biological Asset Intensity, Company Size, and Firm Growth on Biological Asset Disclosure. In addition, this study wants to see whether the Ownership Concentration moderates the relationship between those variables. The population of this study is agricultural companies listed on the Indonesia Stock Exchange (IDX) in the period 2018 to 2020. Purposive sampling was usedthe sampling technique and the total sample obtained was 51 samples. The data were processed using SPSS ver 26.0 with multiple regression analysis and Moderated Regression Analysis (MRA) methods. The results of the analysis of this study found that Biological Asset Intensity, Company Size, and Firm Growth did not have a significant effect on Biological Asset Disclosure. The results of the moderation analysis, Ownership Concentration proves to strengthen the relationship between Biological Asset Intensity and Company Size on Biological Asset Disclosure. However, Ownership Concentration has proven to weaken the relationship between Firm Growth and Biological Asset Disclosure.The implication of this research is the need to increase the role of centralized ownership in terms of financial statements in order to provide added value for investors.

Corporate Governance Characteristics and Intangible Asset Disclosure: A Study on Selected Companies

This study investigates the impact of corporate governance features (size of the Board, independency of the Board, frequency of meetings, gender diversity) on intangible asset disclosure in the top Indian automobile sector companies listed under the NSE 500. The results demonstrate that the overall impact of the corporate governance attributes on intangible asset disclosure is significant and positive. Nevertheless, at the individual level, board size and firm size positively and significantly influence intangible asset disclosure. Further, the independent directors and Board meetings negatively and significantly impact intangible asset disclosure.

Vertical accountability among ministries of state in an emerging economy: A case study of Ghana

Since 1992, Ghana has implemented several initiatives and reforms such as the National Anti-Corruption Plan (NACAP), Right to Information (RTI) Act, Economic and Organized Crime Office (EOCO), and the Office of the Special Prosecutor (OSP) with the goal of improving accountability while reducing corruption. These policies provide researchers with a lot of opportunities to examine how effective these programs have been as well as their impact on accountability. Hence, the present study seeks to accomplish three main objectives: 1) to explore the factors that facilitate vertical accountability; 2) to explore the limitations to vertical accountability; and 3) to investigate the benefits of vertical accountability in Ghana. To accomplish these objectives, we interviewed twenty directors in seven ministries of state and ten experts across civil society and academia in Ghana. We found that the disclosure of financial income, assets, and interest, the Right to Information (RTI) Act; merit-based recruitment, proper record keeping, performance-based evaluation, training and development, the absence of corruption, and conflicts of interest are major drivers of vertical accountability in Ghana. Additionally, we found that the presence of corruption, nepotism/patron-clientelism, conflict of interest, a lack of political commitment and participation, inadequate resources, and weak complaint and accountability mechanisms limit vertical accountability. Finally, the benefits of vertical accountability include improvements in openness and fairness, effective and efficient utilization of scarce resources, integrity, and trust. These results were extensively discussed, while recommendations for future studies were proffered.

Organization capital and firm risks

PurposeThis paper aims to investigate how organization capital influences different forms of corporate risk. It also explores how the relationship between organization capital and risks varies in the cross-section of firms.Design/methodology/approachTo test the hypothesis, this study employs the ordinary least squares (OLS) regression model using a large sample of the United States (US) data over the 1981–2019 period. It also uses an instrumental variable approach and an errors-in-variables panel regression approach to mitigate endogeneity problems.FindingsThe empirical results show that organization capital is positively related to both idiosyncratic risk and total risk but negatively related to systematic risk. The cross-sectional analysis shows that the positive relationship between organization capital and idiosyncratic risk is significantly more pronounced for the subsample of firms with high information asymmetry and human capital. Moreover, the negative relationship between organization capital and systematic risk is significantly more pronounced for firms with greater efficiency and firms facing higher industry- and economy-wide risks.Practical implicationsThe findings have important implications for investors and policymakers. For example, since organization capital increases idiosyncratic risk and total risk but reduces systematic risk, investors should take organization capital into account in portfolio formation and risk management. Moreover, the findings lend support to the argument on the recognition of intangible assets in financial statements. In particular, the study suggests that standard-setting bodies should consider corporate reporting frameworks to incorporate the disclosure of intangible assets into financial statements, particularly given the recent surge of corporate intangible assets and their critical impact on corporate risks.Originality/valueTo the best of the authors' knowledge, this is the first study to adopt a large sample to provide systematic evidence on the relationship between organization capital and a wide range of risks at the firm level. The authors show that the effect of organization capital on firm risks differs remarkably depending on the kind of firm risk a particular risk measure captures. This study thus makes an original contribution to resolving competing views on the effect of organization capital on firm risks.

5년단임 대통령제의 명암과 정부형태 개헌의 방향

The greatest achievement of the 5-year term presidency under the 1987 Constitution, which was the product of the June Democracy Movement, was breaking the cycle of dictatorship that had persisted since the enactment of the 1948 Constitution. The isolation from the era of dictatorship became an important foundation for abolishing the legacy of authoritarianism that had taken root throughout Korean society. The 1987 Constitution has had a profound impact on the political, economic, social, and cultural spheres. Since 1987, South Korea has experienced four regime changes, and democracy has matured. Transparency in society as a whole has improved through systems such as disclosure of public officials' assets, real-name financial transaction system, and confirmation hearings for public appointments. The elimination of authoritarianism has also had a positive impact on the economy and culture, leading to economic development and the growth of the cultural industry. As the era of state capitalism comes to an end, global companies are emerging in South Korea, and the era of censorship comes to an end, South Korea's cultural industry has begun to gain global influence.
 Despite the clear achievements of the 5-year term presidency under the 1987 Constitution, there are also significant issues that need to be addressed. These include corruption and malfeasance among the President's inner circle, the damage caused by excessive concentration of power in the hands of the President, the incompetence of the President, problems in the relationship between the President and the National Assembly due to issues in election cycles, and political polarization caused by factional leadership conflicts.
 I would like to propose a Korean-style presidentialism as a constitutional amendment to solve these problems. Specifically, the term of office of the president elected by a runoff vote shall be changed to a four-year mid-term system, but the election cycle shall be adjusted to elect members in half in the early general elections and mid-term elections, respectively. This would give citizens the opportunity to evaluate the President and the National Assembly through two parliamentary elections. Introducing a vice-presidential system could lead to new problems, so it is preferable to maintain the Prime Ministerial system, but if the National Assembly has the power to recommend the Prime Minister, they could play an active role in the appointment of the Prime Minister every two years, in the event of an opposition party victory in a parliamentary election. This could also enable the formation of a coalition government between the ruling and opposition parties. In addition, it is necessary to reduce the President's authority to appoint constitutional officials and to expand the influence of the National Assembly.

EFFECT OF INTELLECTUAL CAPITAL DISCLOSURE ON SHARE PRICE

Changes and developments in technology and knowledge have an impact on the business world, making intangible assets critical to a company’s success. However, awareness about the importance of disclosure of intangible assets, especially intellectual capital, is still low. This study aims to analyze the disclosure of intellectual capital as measured using Value Added Intellectual Capital (VAIC) related to its relevance to stock prices as measured using the closing price. The population taken is companies that are listed on the Indonesia Stock Exchange, especially those in the infrastructure sector companies in 2020-2021. By using purposive sampling in the use of samples, it was found that there were 68 observations were acquired during the course of two-year observation period. The findings show that intellectual capital does not significantly affect the stock price variable. In other words, that more information about intellectual capital does not increase stock prices, and vice versa.

Faktor - Faktor yang Mempengaruhi Pengungkapan Aset Biologis Sesudah Penerapan PSAK 69

Abstract: Purpose: This study aims to examine the effect of asset intensity, company size, KAP Big Four, public ownership, and profitability on disclosure of biological assets. Non-Cylical Consumer companies are the object of this study, and there are 48 data samples. Research Methodology: The testing technique used is purposive sampling, namely selecting samples with a particular model. In addition, the measuring tool used is SPSS 24. Result: Previous researchers showed, that the disclosure of biological assets is influenced by its intensity. In addition, company size has no effect on the disclosure of biological assets. Meanwhile, KAP Big Four has a significant and negative influence on the disclosure of biological assets. Furthermore, disclosure of biological assets is not affected by public ownership. implies that disclosure of organic resources will not be affected by open ownership. Profitability also has no effect on the disclosure of biological assets, so that profitability will not affect the disclosure of biological assets. Limitation: This study only uses the independent variables of biological asset intensity, company size, KAP Big4, public ownership, and profitability, and only uses the non-cyclical consumer sector listed on the IDX. Contribution: Companies, especially those that have gone public and are listed on the IDX, can benefit from this research. In addition, investors interested in investing can benefit from not only viewing the company's financial statements but also the disclosure of its biological assets for future research purposes. In this study, the variables, sample size, and population, and time of year were updated. Keywords: 1. intensity of biological assets 2. company size 3. the KAP Big Four 4. public ownership 5. profitability 6. biological assets' disclosure

KEPASTIAN HUKUM BAGI WAJIB PAJAK YANG MENGIKUTI TAX AMNESTY JILID II MELALUI PENGUNGKAPAN HARTA SECARA SUKARELA

This study aims to discuss how the position of the Notice of Disclosure of Assets and the legal certainty of the certificate of disclosure of net assets which is the cause of the dispute between the Taxpayer and the Director General of Taxes, by using the theory of awareness of the taxpayer and the theory of legal certainty. The method used by this writer is normative juridical research which is supported by a statute approach, a conceptual approach, a case approach based on primary legal materials, secondary legal materials and tertiary legal materials. The technique of collecting legal material is obtained through studies or reviewing legislation and library research as well as decisions of the Tax Court and Decisions of the Supreme Court which the researchers then analyze by means of systematic interpretation. The results of this study indicate that the examination of extensification and intensification will eventually lead to a tax assessment letter, namely a letter stating that there is a shortage of the amount of tax debt that must be paid and even an investigation can also occur on the taxpayer. Guided by Article 12 paragraph (2) and paragraph (3) of the KUP Law stipulates that the amount of tax payable according to the notification letter submitted by the taxpayer is the amount of tax payable in accordance with the provisions of the tax laws and regulations and the Director General of Taxes determines the amount of tax to be paid. payable if the Director General of Taxes obtains evidence that the amount of tax payable according to the Tax Return is incorrect.

Factors influencing biological asset disclosures in agricultural companies in Indonesia

This study examines to what extent biological asset reporting is corresponding to the Indonesian Statement of Financial Accounting Standard 69 (PSAK 69) among Indonesia Stock Exchange-listed agricultural firms. In their annual report, such companies should report how they recognize and measure the fair value of the living plants or animals’ assets. This study also examines factors that might impact the extent of disclosure of biological assets. The examined factors are biological asset intensity, concentrated ownership, audit committee effectiveness, profitability, and size. Biological asset disclosures were measured by a checklist derived from PSAK 69 and International Accounting Standard (IAS) 41 on Agriculture. This study uses 53 firm-year observations of the listed agriculture companies from 2017 to 2020. Multiple regression analysis findings indicate that biological asset intensity and firm size affect favorably the amount of biological asset disclosures. The results indicate that the greater the living plants or animals owned by a company and the larger the firm, the greater the commitment of a company to disclose its biological assets in its annual report. The study sheds light on the capital market authority agency’s current policy to strengthen factors that may impact agricultural companies’ disclosure of their biological assets.

Disclosure Index of asset accounting procedures in the public sector

The objective of this study was to determine the level of disclosure of asset accounting procedures in the public sector of municipalities in the State of Espirito Santo from the perspective of analysis of the variables internal control, municipal development, population and budget revenues. Quantitative analysis methods are used in this research, such as descriptive statistics and multiple linear regression. It was found that the mean of the Disclosure of Assets Accounting Procedures Index achieved by the analyzed municipalities was 55.19%. This index suggests that the efforts made by the municipalities to meet the requirements of the regulatory agencies is still limited. The results showed that: i) the variables internal control and population were not statistically significant for the model; ii) the variables education and budget revenues showed a positive relationship with the disclosure index, indicating that municipalities with better educational levels and higher revenues tend to have higher disclosure levels. Finally, the evidence of this research contributes to the analysis of the disclosure index and its determinants, as well as to the understanding of the process of harmonization of public sector accounting to international standards in municipalities of the State of Espirito Santo.

VOLUNTARY DISCLOSURE PROGRAM IN TAXATION AND ITS CERTIFICATES

The Voluntary Disclosure Program (VDP) for Individual Taxpayers has taken place from 1 January to 30 June 2022. One of the conditions for participating in the second VDP policy is that the Taxpayer revokes the filing of legal remedies (objections, appeals, and so forth), but Law Number 7 of 2021 and Minister of Finance Regulation (PMK) Number 196/PMK.03/2021 does not regulate requests for refunds of overpaid taxes, reduction or elimination of administrative sanctions, reduction or cancellation of incorrect notice of tax assessment, reduction or cancellation of incorrect notice of tax collection, objections, correction, appeal, lawsuit, and/or post-VDP review. It is necessary to carry out a philosophical study related to taxpayers who do not submit legal remedies at the time of submission of the Notification of Asset Disclosure. However, taxpayers will likely file legal remedies related to the 2016-2020 Fiscal Year after receiving a statement. It was concluded that the philosophical applicability of the Certificate of Disclosure of Net Assets had been embodied in legal certainty, a guarantee of justice, and legal effectiveness for taxpayers and the State in the form of completion and certainty of tax rights and obligations for the 2016-2020 tax year.

Biological Asset Disclosure in Indonesia

The development of companies in the agricultural sector is supported by the availability of information, which is also a consideration for decision-making by company owners or company management. As a result, the company's annual report must include as much information as possible. Agricultural companies are required to disclose their biological assets under PSAK 69. However, many agricultural companies have not fully disclosed their biological assets. The focus of the research is to observe how biological assets, company growth, auditor type, and public ownership influence biological assets disclosure. Plantation & crops companies listed on the Indonesia Stock Exchange (IDX) are the population for this study, with a total of 25 entities. 13 out of 25 companies became the research sample taken using a purposive sampling method. The research technique uses panel data regression in Eviews 10. The findings of this study are biological assets intensity and auditor type have a significant positive impact on biological assets disclosure. Company growth has an insignificant positive effect on the disclosure of biological assets, public ownership has an insignificant negative effect on the disclosure of biological assets.

Perlakuan Akuntansi Aset Bersejarah di Museum R. A. Kartini Berdasarkan Perspektif Islam dan Tinjauan PSAP Nomor 7 Tahun 2020

The purpose of this study was to analyze the measurement, disclosure, and recognition of historical assets in the R.A. museum. Kartini. The type of research is field research (field research). Data collection techniques are observation, interviews, and documentation. The data analysis technique uses content analysis with the Miles and Huberman model. The results show that (1) the R. A. Kartini Museum cannot be measured in nominal terms because of the difficulty of using an appropriate method. In addition, historical assets are valued at zero because it is an effort to prevent assets from being traded. (2) Historic Assets of the R.A. Museum Kartini is not reflected in the balance sheet but is disclosed in the notes to the financial statements. This is in line with Government Regulation (PP) Number 71 of 2010 concerning Reporting of Historic Assets, which does not require the government to display historical assets on the balance sheet, but is disclosed in notes for financial statements and submitted to the Ministry of Finance. (3) The museum has been recognized as a historic asset because it has been verified and declared worthy by the Jepara Tourism and Culture Office. Eligibility criteria are based on elements of value that must contain culture, environment, education and history. In addition, museum assets are also irreplaceable and their value continues to increase from time to time despite their declining physical condition. The implications of this research are expected to influence changes in the way museum managers think in applying accounting standards for historical assets. Thus, the findings can be useful as a study in the development of accounting standards on historical assets.

On accounting of virtual assets in Ukraine

The paper examines the problems of the virtual assets market in detail. As is well known, crypto currency as one of the types of virtual assets by its nature has an autonomous, decentralized, cross-border nature, does not have a jurisdictional attachment and a defined issuer. In general, the use of crypto currencies is a new state-of-the-art way of making payments in e-commerce. However, there is no clear understanding of virtual assets and established classification, and the terminological apparatus needs to be clarified in the economic and legal aspect. Therefore, for the virtual economy and virtual currency, it is necessary to provide some clarification to the commonly used definition. Accordingly, the author analyzed a number of issues related to the display of information about crypto currency in accounting, the importance of involving virtual assets in the ownership of a number of socially significant enterprises, as well as individuals. To achieve this goal, we have conducted thorough specialized research of virtual assets in terms of accounting aspects. The reflection on accounting accounts will depend on the type of activity and the area of accounting of such assets. Displaying information about these assets in accounting accounts is quite complex, certain changes are required to ensure compliance with accounting principles for these assets. Our research found that there are a significant number of significant areas that require further research, including the disclosure of virtual assets in financial statements and the detailed examination of these assets as part of inventory. The proposed sub-accounts should be included in the working plan of accounts of the enterprise and reflected in the Order on the accounting policy. "Virtual assets" should be highlighted as a separate section (or subsection). It should prescribe the accounting of receipts and movements of these assets, methods of their evaluation and primary documents that can be used in their accounting.

Factors Affecting Indonesian Agriculture Companie’s Disclosure of Biological Assets

This study aims to test the effect of Biological Asset Intensity, Managerial Ownership, and Audit on Biological Asset Disclosure on agricultural sector companies listed on the Indonesia Stock Exchange (IDX) Year 2018-2021. Samples were taken using a purposive sampling method with certain criteria, during the study period. Based on the criteria that have been determined by the data using panel data, a total of 68 data were obtained. The analysis method used in this study was the regression analysis of panel data processed using Eviews 9. The results of this study show that (1) Biological Asset Intensity has a significant positive effect on the disclosure of biological assets. This is because the greater the value of biological assets, the higher the company provides more complete and detailed information to users of financial statements. (2) Managerial Ownership has a significant positive effect on the disclosure of biological assets. This is because managers who have a hand in the company's capital will carry out their duties according to applicable regulations and not only for their own interests but also for the sustainability of the company to remain sustainable in the future. (3) The audit has no negative effect on the disclosure of biological assets. This is because the role of kap is not determined by the characteristics of the Big Four or Non-Big Four levels because currently, the role of auditors is growing, many KAP who are not affiliated with the Big Four also revealed that detailed information according to the needs of users of financial statements and investors when choosing the company they will choose as a place to plant shares.