Loss Statement Research Articles

Analisis Penerapan Akuntansi Dalam Penyajian Laporan Keuangan Pada Perkumpulan Divisi Perempuan Tim Relawan Untuk Kemanusiaan (TRUK)

This study aims to determine the application of accounting in the presentation of financial reports at the Association of Women's Division Team Volunteers for Humanity (TRUK) based on financial accounting standards, namely ISAK 35. The method used in this research is descriptive qualitative with data sources in the form of primary data and secondary data. Data collection techniques in the form of observation, interviews and documentation using qualitative descriptive data analysis techniques. The results of the study show that the Association of Women's Division Team Volunteers for Humanity (TRUK) has presented financial statements consisting of a statement of financial position, profit and loss statement and cash report. Based on the financial accounting standards for non-profit entities in presenting financial statements, the Association of Women's Division Team Volunteers for Humanity (TRUK) has not presented financial statements based on ISAK 35 because it still uses the format for presentation of financial reports prepared by donating organizations.

Ceo’s Financial Sophistication and R&D Investments

This study analyzed the relationship between CEO’s Financial Sophistication (FS) and the investments made in Research and Development (R&D), disclosed in the profit and loss statement and intangible assets. To this end, data were collected from companies listed on B3 from 2011 to 2019 on R&D and the personal characteristics of the CEO (experiences and training) from various sources. Factor analysis methods, probit regression models, and panel data with fixed effects were used for the analyses. It was found that, of the total sample, less than 20% of companies spend on R&D. Among the economic sectors, what most invest resources in R&D is information technology. As for the CEO’s FS, the evidence found does not confirm the hypothesis of the relationship with R&D. However, the tests conducted with the academic and professional dimensions of FS pointed out that the CEO with higher levels of the professional dimension is likely to disclose R&D in the profit and loss statement. In contrast, the academic dimension of the FS has a weak negative relationship with levels of resources applied in R&D and recorded in the intangible assets.

PELATIHAN PENCATATAN BIAYA BAHAN BAKU UNTUK MENINGKATKAN KINERJA KEUANGAN UMKM IKAN HIAS

This community service is carried out with the aim of increasing the knowledge and insight of small ornamental fish entrepreneurs at Perum Permata Hijau Block D, Bukit Tempayan Village, Batu Aji District, Batam City regarding the importance of recording raw material costs and business profit and loss reports to improve the financial performance of small businesses. The methods applied in this training are lectures, tutorials, and discussions. The lecture method is carried out by providing an overview and motivation about the importance of accounting for business. This coaching activity will be carried out over four meetings where the output of this activity is that the business can make financial reports containing methods of journalizing, balance sheet, recording of raw materials, profit and loss statements, and changes in business capital aimed at facilitating business activities.

Analisis Laporan Keuangan Berdasarkan Metode Common Size Pada PT. Sentra Food Indonesia, Tbk

Analysis of Financial Statements Based on the Common Size Method at PT. Indonesian Food Center, Tbk. This study aims to determine and analyze the composition of assets, debts and capital based on the general size of the financial statements of PT. Sentra Food Indonesia, Tbk in 2018-2020. This type of research is descriptive quantitative research. The data collection procedure used in this study is through documentation in the form of financial reports obtained from the official website of the Indonesia Stock Exchange, namely www.idx.co.id. The results of the study show that in terms of the common size from the balance sheet, PT Sentra Food Indonesia, Tbk. who allocated funds for assets in 2018-2019 mostly from their own capital thereby revealing a stronger financial condition of the company, while in 2019-2020 most of the funds for assets came from debt. Common size in terms of profit and loss statement, PT Sentra Food Indonesia, Tbk. In 2018-2019 there was an increase in net profit so that it can be seen that the company managed to increase sales better, while in 2019-2020 net profit decreased due to decreased sales.

A Study on Financial Performance of Small Finance Banks

Small Finance Banks are a new entrant into the Indian banking system with a differentiated focus on financial inclusion. A preliminary assessment of these banks brings out a rapid growth in their branches and asset base marked by a healthy asset quality and high return on assets. These bank shave been reasonably successful in reaching out to under-served sectors. The study aims at the annual report of the 3 companies (Au small finance bank, Equities finance bank and Ujjivan small finance bank) from 2018 – 2022. The annual reports were extracted from the parent website of the companies itself, after IPO have been issued. To identify financial performance of these banks. The findings of study is good and efficient financial performance needs suggestion like A consistent high ratio is needed for the revenue and operation for getting converted to cash, The depreciation rate is to be modified to manipulate the earnings other ways volatility of the same flagg off risks, Expenses must be written off directly from the balance sheet instead of being routed through profit loss statement this helps in inflating the profit, A high yield depicts proper statement of cash and equivalents. A low ratio is needed to display sub stained capes, The cash generated by the business must be siphoned off to check whether reported earnings or revenue are believable, Faster growth in auditors remuneration with regard to companies operation must raise concerns surrounding auditor‟s objectivity. all this prospects are intact and give rise to a good and efficient financial performance of these banks. Based on this study on financial performance we come to conclusion that all this banks perform financially well.

IMPLEMENTASI SAK EMKM (STANDAR AKUNTANSI KEUANGAN ENTITAS MIKRO KECIL DAN MENENGAH) PADA LAPORAN KEUANGAN UMKM

To prepare financial reports, small and medium businesses usually do not follow applicable standards. Cash taken from daily cash movements is usually used in MSME financial reports. Institutions in Indonesia By issuing Micro, Small and Medium Enterprises Financial Accounting Standards (SAK EMKM), which took effect from 1 January 2018, accountants are trying to help MSMEs in this field overcome obstacles to preparing financial reports. SAK EMKM is easy to implement and the financial statements prepared according to it are prepared on an accrual basis. The purpose of this lesson is to apply the EMKM SAK in preparing the financial statements of ADB's small and medium enterprises in Jambi. Primary data obtained from documentary evidence of transactions, interviews, and direct observation were used in this study, which was conducted through a qualitative case study methodology. The results of the research are the ADB MSME financial statements in the form of statements of financial position, profit and loss statements and notes to financial statements.

ANALISA BREAK EVEN POINT (BEP) PADA RICE MILLING MACHINE “ BAROKAH “ DI TIRTO KABUPATEN PEKALONGAN

Indonesia is an agricultural country where the majority of the population consists of farmers so that the agricultural sector plays an important role. The agricultural sector is a source of life for the majority of the population, especially for those who have their main livelihood as farmers. In addition, the agricultural sector is one of the important things that must be considered as a provider of food for the community. Profit planning requires a tool in the form of profit volume cost analysis. Costs, volume and profits are the three main elements in preparing a profit and loss statement for a business. In carrying out its operational activities, a management company will try to obtain and allocate resources in a way that is the cheapest in terms of cost and provides the most benefits in achieving business goals.
 This study discusses the analysis of the break even point (Break Even Point) in the Rice Milling Machine "Barokah" business sector to avoid losses. This type of research is quantitative research, the scope of the research being carried out focuses on income management from the Rice Milling Machine business. The population is all financial reports on the "Barokah" Rice Milling Machine in 2021 as well as samples used using samples through documentation. Furthermore, this research data was analyzed using the Break Even Point (BEP) mathematical model which is useful for providing solutions for a minimum amount of sales, this aims to anticipate losses in the Rice Milling Machine business.

ANALYSIS OF FINANCIAL STATEMENT OF STAR CEMENT LIMITED

This study is totally related to financial management and its growth in Star Cement limited. It explains all advantages and objective of the financial management. The objective decides To know the sources of finance and uses of finance, To compare the balance sheet and profit & loss statement of different years, To assess the liquidity position and solvency position. Time frames of the study are 5 years financial statements of Star Cement limited from 1st April ’2013 to 31st march, 2018.

Working capital management in increasing liquidity and profitability in the businessareaof tirta komodo manggarai drinking water

Good management of working capital will determine the liquidity and profitability of the enterprise. This study aims to determine and analyze the working capital management of PDAM Tirta Komodo in 2018 - 2020 in determining liquidity and profitability. The type of data used is secondary data sourced from the balance sheet and profit and loss statements for 2018 - 2020. Data analysis techniques use the analysis of the ratio of working capital turnover, liquidity ratio, profitability ratio. The results of the analysis show that the turnover of working capital has decreased continuously, resulting in an impact on the company's financial ability to fulfill obligations to third parties, as seen from the acquisition of current ratios and quick ratios that have increased continuously. The decrease in working capital turnover also has a significantimpact on the company's profitability gains, which is seen from the attractive ratio of NPM, ROA and ROE. Efforts to increase liquidity and profitability can be done by: using cash optimally, increasing collection of receivables, reducing inventory collection in warehouses, controlling operational costs, increasing the number of current ICA andown capital

The impact of IFRS adoption on Saudi Arabia

PurposeThis study aims to examine the implementation of International Financial Reporting Standards (IFRS) in Saudi Arabia. It investigates how the adoption of IFRS has affected four critical areas in the financial statements of publicly listed companies: profit and loss statement, balance sheet, cash flow statement and retained equity statement in Saudi Arabia. The paper also explores the essential factors/drivers that influence the adoption of IFRS and its implication in Saudi Arabia.Design/methodology/approachData was obtained from Saudi Stock Exchange (Tadawul) listed companies from eleven industries in Saudi Arabia. This cross-sectional study analyses critical financial data across eleven distinctive industries. To identify the impact of adopting IFRS, the researchers use a paired t-test to evaluate seven key elements of financial statements underlying the critical areas: non-current asset, current asset, total assets, shareholders equity, non-current liability, current liability and total liability. The sample captures cross-sectional data from well-developed global industries in Saudi Arabia, pre- and post-implementation of IFRS. Thus, the analysis of the sample data gives a representative picture of the population of the Saudi Arabian industry.FindingsThe results reveal significant differences between GAAP and IFRS reporting standards in the measurement, recognition and classification of non-current assets and liabilities. The differences are expressed in the variance between the GAAP and IFRS. Specifically, the differences between GAAP and IFRS demonstrated by the t-value are significant and reliable (respectively, 5.3 and 4.1). Additionally, the t-value is validated by the p-value, which in both was significant.Research limitations/implicationsThe outcomes of this research will benefit accounting information users, practitioners, researchers and regulators. Since Saudi Arabia’s policymakers have mandated the full adoption of IFRS in financial reporting, the study contributes to the adoption of IFRS practices throughout the Saudi industry. Adopting full IFRS standards requires widespread IFRS expertise to cope with the transition.Originality/valueThis study advances research into the perennial issues associated with changes in reporting towards IFRS standards, especially in Saudi Arabia. The contribution to theory and practice enters new and fruitful areas.

공공가치관리 관점을 적용한 공공기관 경영평가제도의 메타평가 연구

The performance of publicness pursued by public institutions is difficult to present simply and clearly with a profit and loss statement such as the ‘bottom line’ used by private companies. Nevertheless, the current performance evaluation system of public institutions does not fully consider the characteristics of public projects and policies. Critical discussions are being raised in that it focuses only on the measurement of profitability creation based on short-term performance.
 Accordingly, this study conducted a meta-evaluation of the overall management evaluation system by applying the perspective of public value management to achieve the mission of creating public value, which is the essential purpose of the establishment and operation of public institutions. An overall review was conducted in terms of the content of public value management. The purpose of evaluation, subject of evaluation, management capacity, governance, performance, and implications for the direction of supplementation were drawn.

Penerapan Standar Akuntansi Keuangan Entitas Mikro, Kecil, dan Menengah pada Laporan Keuangan Pabrik Tempe Rumahan:


 MSMEs have been chosen by many people to be free from social problems. The recording of MSME financial statements must comply with the Micro, Small and Medium Entity Financial Accounting Standards (SAK EMKM). However, many MSMEs, such as Pekan Tolan Village, do not have financial reporting standards. This study aims to understand how the home tempeh factory collects and presents financial data and how the home tempeh factory implements the applicable standards. This study uses a descriptive descriptive approach as an appropriate methodology for in-depth interviews and observations. This research was conducted in a temporary housing factory in Pekan Tolan Village, Kampung Rakyat Village, Labuhan Batu Selatan District. The results of the study show that the home tempe factory in recording financial reports is still done manually and is very simple, and its implementation is not fully in accordance with the provisions stipulated in the EMKM SAK. The recording of the financial statements presented by the home tempeh factory is only a profit and loss statement, while the statement of financial position and notes on financial statements do not yet exist, due to several obstacles that cause SAK EMKM not to be implemented in home tempeh factories, namely a lack of knowledge and understanding of the presentation of appropriate financial statements with Accounting Standards for Small, Medium Companies, ha (SASK EMKM) (SAK EMKM).
 Keywords: SAK EMKM, UMKM, Financial Statements.

THE IMPORTANCE OF IMPLEMENTING EMKM-BASED FINANCIAL ACCOUNTING STANDARDS (SAK) ON THE PREPARATION OF FINANCIAL STATEMENTS IN SHOP BUSINESSES IN SUKARAME DISTRICT, PALEMBANG

This study aims to determine whether the application of financial accounting standards by shop owners in Sukarame District is in accordance with the Financial Accounting Standards for Micro, Small, and Medium Enterprises (SAK EMKM). The research method used is quantitative. The sample size for this study was 103 shopkeepers who operate businesses such as grocery stores, clothing stores, and clothing stores located in Sukarame District. Purposive sampling techniques were used with certain criteria. The data needed is primary data, collected through distributing questionnaires to shop business actors in Sukarame District. Based on the results of the study, it can be concluded that the Financial Accounting Standards for Micro, Small, and Medium Enterprises (SAK EMKM) have not been fully implemented in the financial statements of SME shops in Sukarame District. MSMEs only prepare simple reports such as profit and loss statements. This is because MSME shops around Sukarame District do not know about the existence of Financial Accounting Standards for Micro, Small, and Medium Enterprises (SAK EMKM). They have never even heard of what SAK EMKM is. This is due to the lack of knowledge of business actors and the low level of government socialization of the preparation of financial statements for SMEs.

Generation of profit and loss statements by Syrian companies in the context of hyperinflation

Subject. This article deals with the issues related to the preparation of the Profit and Loss Statement by companies of the Syrian Arab Republic, taking into account consumer price indices in the context of hyperinflation, based on the provisions of IAS 29 – Financial Reporting in Hyperinflationary Economies. Objectives. The article aims to identify and find a solution to the problems of generating the Profit and Loss Statement, as well as develop appropriate methodological recommendations. Methods. For the study, we used observation, comparison, grouping, classification, generalization, and interpretation. Scientific works and publications of scientists on the theory of inflation and hyperinflation, the Central Bureau of Statistics (Syria) (CBS) data on consumer price indices, provisions of IAS 29 on the formation of reporting by organizations whose functional currency is the currency of the hyperinflationary economy, are the methodological basis of the study. Results. The article presents a test of the methodology for compiling the Profit and Loss Statement taking into account the recommendations of IAS 29 and shows the process of reporting using the materials of the Syrian Al-Ahlia Vegetable Oil Company. It also reads about the impact of hyperinflation on the items of the company's Profit and Loss Statement and its financial results, and compares the reporting data with indicators calculated on the basis of historical information. The article confirms the hypothesis that it is necessary to form a Profit and Loss Statement on the basis of the provisions of IAS 29 in the event of high inflation. Conclusions. In the context of hyperinflation, financial statements based on historical cost are unreliable, mislead users, and cause difficulties in making management decisions. A positive financial result determined through the historical cost principle, is a fictitious profit.

DIGITALIZATION OF MSMEs: IMPLEMENTATION OF PRODUCT DETAIL PAGES AND DIGITAL FINANCIAL MANAGEMENT ON MSMEs IN BOJONEGORO

These recent years Small and Medium Enterprises (MSMEs) undergo a digital transformation in expanding their market reach. Digitalization is applied to all operational activities so that this can be achieved. Digitalization was also carried out by the members of the East Java IKM Forum (FIJ) Bojonegoro Branch. This community service activity, in the form of training and mentoring, aims to expand sales channels through digital marketing and improve business financial management. The number of participants in this community service activity is 25 business actors who are members of FIJ Bojonegoro Branch. Digital marketing optimization is carried out through the implementation of Product Detail Pages. Detailed product information helps business owners to display their products optimally through marketplace applications. In addition, an understanding of financial performance through the preparation of profit and loss statements helps business actors to easily manage working capital so that businesses develop a success. The training activities were delivered in the form of lectures and focus group discussions methods. Meanwhile, mentoring activities are carried out through optimizing product display and preparing financial reports practices. Data were obtained through pre and post-test, question and answer session, and questionnaire survey. The results of the activity show that there was an increase in the skills and knowledge of participants in the field of digital marketing and financial management.

The Impact of Changes in Village Progress on the Income of Village-Owned Enterprises

The purpose of this study was to analyze the effect of changes in village progress on the operating revenues of village-owned enterprises (BUMDesa). The data is sourced from the Developing Village Index (IDM), profit and loss statements, and balance sheets for 2019-2020 from 30 BUMDesa units located in Bogor Regency, West Java Province, Indonesia. The method used is a panel data regression analysis approach. The results showed that the model chosen in describing the effect of changes in village progress on the income of Village Owned Enterprises was the Random Effects (REM) Model with an F value of 0.000316 less than a significant level of 5% indicating that the level of development of village progress had a positive effect on operating revenues village-owned enterprises. The results of this study at least provide confirmation to the Government to encourage village progress so that it has an impact on the progress of business institutions in the village.

Optimalisasi Pengelolaan BUMNag Duo Baleh Suku Melalui Pelatihan Manajemen Bisnis dan Keuangan

This service program aims to increase the knowledge and capacity of BUMNag Duo Baleh Suku managers regarding business management competence and financial governance of village-owned enterprises. The method used in implementing this community partnership service is Participatory Learning Action (PLA). While the activity implementation technique is offline, with several stages, namely the preparation stage, the implementation stage and the monitoring and evaluation stage. The instrument for evaluating this activity is through questionnaires and interviews which are analyzed descriptively. The results of this dedication show that there is an increase in the capacity of BUMNag Duo Suku managers in business management and financial governance. In making decisions, management is able to read market orientation while still minimizing production costs without reducing quality. For financial governance along with the preparation of financial reports (cash flow statements, profit and loss statements and company balance sheets) made by the treasurer already follow the SAK financial accounting standards and are made using Microsoft Excel.

The Theoretical Substantiation of Cost Accounting in the Light of Conflicting Approaches

Desde hace algunos años se viene sosteniendo en Alemania una discusión acerca de la fundamentación teórica de la contabilidad de costes, así como de la necesidad de mantener un sistema de costes independiente. El abanico de planteamientos posibles abarca desde la total integración de la contabilidad de costes en la contabilidad externa hasta el de una separación lo más completa posible de ambos sistema contables. Esta aportación pretende presentar, desde el punto de vista alemán, cómo se ha desarrollado la discusión y cuál es la situación actual. Como conclusión del trabajo se aboga por una separación, sustentada teóricamente, entre ambos sistemas de contabilidad. El trabajo persigue varios objetivos: (a) identificación de las raíces históricas de las bases teóricas de la contabilidad de costes, (b) presentación de la problemática de la empresa y de su estructuración, (c) definición de los planteamientos de separación y de sus teoremas, (d) análisis de las perspectivas de investigación y de su fundamentación teórica, (e) orientación metodológica de la contabilidad de costes dentro del sistema de planificación y dirección, (f) presentación y evaluación de las recientes contribuciones acerca de los fundamentos teóricos, (g) fundamento teórico de un sistema independiente de contabilidad de costes.

ANALISIS PERHITUNGAN PAJAK PENGHASILAN ORANG PRIBADI YANG MENERIMA SANTUNAN HARI TUA DAN PENGARUHNYA TERHADAP LAPORAN LABA RUGI PERUSAHAAN (Studi Kasus Pada Pabrik Gula Pesantren Baru Kediri)

ABSTRACT
 
 Old Age Benefits (SHT) is one of the employee benefits program. The provision of this SHT will affect the expenses, tax burden and company profits. The purpose of this study was to determine the Calculation of Income Tax of Individuals Who Receive Old Age Benefits and Its Effect on the Company's Profit and Loss Statement. The source of data in this study is primary data. The type of data used is quantitative descriptive with data collection techniques through interviews and documentation. The variables used in this research are personal income tax who receive SHT and the company's profit and loss. The analytical technique used is the calculation of SHT and the final PPh 21 rate of PP No. 68 of 2009. Based on the results of the analysis of SHT calculations using a 100% salary rate, the expense burden is higher than the 2.5% salary rate so that the profits and expenses received will decrease. However, if you use a 2.5% salary rate, the expenses will be less than the 100% salary rate so that the profits and expenses received increase. From the results of the comparison of the company's profit and loss calculation using a 2.5% salary rate in 2020 it earned a profit of Rp 54,352,545 and in 2021 it earned a profit of Rp 55,790,144,781, compared to using a 100% salary rate in 2020 it earned a profit of Rp 50,777,856,445 and in 2021 earned a profit of Rp 49,757,831,942.
 
 Keywords: PPh, SHT, Profit/Loss Statement

Analysis of the composition, structure and dynamics of profit and loss statement

In this paper we used companies profit and loss statements’ information. We analyzed composition, structure and dynamics of profit and loss statement and learnt influence of operational, financial, investment incomes and expenses to profit and loss statement then made conclusion that how to improve efficiency of companies.