Cash Flow Statement Research Articles

PENYAJIAN LAPORAN KEUANGAN ENTITAS BERORIENTASI NONLABA BERDASARKAN ISAK 35 PADA MASJID BAITUL HAADI

Mosque is an entity that aims not for profit (non-profit entity), so that financial accountability becomes an important aspect for mosques. Good accountability can be realized by presenting the mosque's financial reports in accordance with generally accepted accounting standards. The standard governing the financial reporting of non-profit entities is the Interpretation of Financial Accounting Standards No. 35 (ISAK 35). By implementing ISAK 35 in the presentation of mosque financial reports, interested parties will be able to assess the financial performance of the mosque. The object of this research is Mosque Baitul Haadi. Data were collected through a series of interviews and observations. Until now, Mosque Baitul Haadi only presented financial reports as far as cash in and cash out. This study aims to compile the financial statements of Mosque Baitul Haadi based on ISAK 35 using Microsoft Excel application tools. The financial statements that will be produced are the statements of financial position, comprehensive income statements, cash flow statements and notes to financial reports.

Учетно-аналитическое обеспечение инновационной деятельности на предприятиях АПК

The authors have analyzed the legal acts regulating accountancy in the Russian Federation and concluded that they contain no definitions, classification or descriptions of innovations, which makes it problematic to put the corresponding provisions of State programs into practice. The authors suggest singling out “expenditure on innovation” as a separate object of accounting and define it as expenditure for the purpose of improving the quality of production, works and service as well as improving the organizational and management system. This new level of quality can be measured by means of the following indicators: physical properties, chemical composition, technical and economic indicators. In view of the fact that investments in innovation can be referred to as both fixed capital (intangible assets, constant assets) and working capital (elite seeds, young animals, innovative biological additives etc.), the authors suggest adding to entry 08 “Investments in fixed assets” sub-entry 9 “Creating or purchasing innovations as part of fixed capital” and sub-entry 10 “Creating or purchasing innovations as part of working capital”. In view of the fact that Cash flow statement reveals some important analytical information about investing, it would be advisable to add to “Cash flow from investing activities” line 4215 “Cash inflows from selling innovations” and line 4225 “Expenditures on purchasing, creating innovations”

PENGARUH ARUS KAS OPERASI, ARUS KAS INVESTASI, DAN ARUS KAS PENDANAAN TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2014-2019

This study aims to determine the effect of cash flows from operating, investing, and financing to saham Return. Data obtained from the income statement, cash flow statement, as well as saham market prices daily on Textile companies listed on the Saham Exchange 2014-2019. The analytical tool used is multiple linear regression, F test and t test. The samples are 15 companies Textile sector during the period 2014-2019. Based on the survey results revealed that a significant difference between cash flows from operating, investing, and financing on saham Returns with sig <0.05. T test results of each independent variable cash flows from operating, investing, and financing an effect on saham Returns (Returns) with sig < 0.05. The conclusion that can be drawn is that the investors who want to invest their shares in the company on the Indonesian Saham Exchange should pay attention to the ratio of a company's cash investment object, because of the results showed that the cash flow effect on saham Returns

Cash Flow Report RT 05/RW 22 Jakasampurna Village, Bekasi West for the 2020 Period

The importance of the cash flow statement to see changes in net assets is sometimes still not realized by institutions or small organizations. For example, residents of RT 05/RW 22 Jakasampurna Village, West Bekasi. In this paper, a cash flow report for RT 05/RW 22 Jakasampurna Village, West Bekasi will be prepared. With the aim of presenting valid information related to cash disbursements and receipts in the 2020 period. The method chosen is the preparation of cash flow reports directly with data analysis using descriptive methods. The results of the analysis show that the final amount of cash for the 2020 period has increased from the 2019 period with a ratio of 1,207. This means that the value of their current assets includes at least the amount of their short-term liabilities.

Pengaruh Kandungan Informasi Arus Kas, Dividend Payout Ratio Dan Economic Valued Added Terhadap Volume Perdagangan Saham Dengan Size Dan Growth Sebagai Variabel Kontrol

Abstract This research aims to test the influence of information content on the company's cash flow statement, dividend payout ratio, economic value added,and use the proxiesof the sizeof the company ( size ) and the growth of the company (growth)as a control variable. The sample selection criteria in this study use purposive sampling. This research uses an analysis tool in the form of SPSS 21.0 which is used to test the research hypothesis in the form of quantitative data. The results of this study suggest that: Investment cash flow information has a significant effect on stock trading volume. Meanwhile, information on operating cash flow,fund cashflow, dividend payout ratio, and economic value added has no significant effect on the trading volume of the company'sshares with Size and Growth as variable controls have no effect on the volume of stock trading. The resultsof this research should increase knowledge for investors in using financial information for investment decision making by assessing the company's performance more accurately. Keywords: Cash flow information; dividend payments; and economic value added; company size and company growth. Abstrak Penelitian ini bertujuan untuk menguji pengaruh dari kandungan informasi pada laporan arus kas perusahaan, dividend payout ratio, economic value added, dan menggunakan proksi ukuran perusahaan (size) dan pertumbuhan perusahaan (growth) sebagai variabel kontrol. Informasi sangat dibutuhkan oleh investor dalam membuat keputusan investasi saat ini. Salah satu informasi yang penting bagi investor dalam membuat keputusan investasi yaitu kinerja perusahaan. Kinerja perusahaan go public, salah satunya dapat berupa volume perdagangan saham. Volume perdagangan saham, dan harga saham adalah alat yang digunakan untuk penilaian individual para investor dalam membuat keputusan untuk membeli atau menjual saham. Kriteria pemilihan sampel dalam peneltian ini menggunakan teknik purposive sampling. Penelitian ini menggunakan alat analisis berupa SPSS 21.0 yang digunakan untuk menguji hipotesis penelitian. Hasil penelitian ini menjukkan bahwa: Informasi arus kas investasi berpengaruh signifikan terhadap volume perdagangan saham. Hal tersebut memberikan sinyal positif kepada para investor tentang jaminannya di masa yang akan datang. Selain itu, hasil arus kas investasi yang berpengaruh signifikan terhadap volume perdagangan saham menunjukkan bahwa para investor memperhatikan hasil dari investasi jangka panjang maupun pendek serta penjualan aktiva tetap yang dilakukan perusahaan. Sedangkan, Informasi arus kas operasi, arus kas pendanaan, dividend payout ratio, dan economic value added tidak berpengaruh signifikan terhadap volume perdagangan saham perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) dengan Size dan Growth sebagai variabel kontrol tidak berpengaruh terhadap volume perdagangan saham. Hal ini menunjukkan bahwa SIZE dan GROWTH tidak mengakui adanya keterikatan dengan AKO, AKI, AKP, DPR, dan EVA terhadap volume perdagangan saham. Hasil penelitian ini diharapkan mampu menambah pengetahuan bagi para investor dalam menggunakan informasi keuangan guna pengambilan keputusan untuk melakukan investasi di pasar modal. Dan diharapkan dapat menilai kinerja perusahaan yang berkaitan dengan keputusan investasi dalam lebih menggali informasi yang lebih akurat. Kata Kunci: Informasi arus kas operasi, arus kas investasi, arus kas pendanaan, pembayaran deviden, dan nilai tambah ekonomi, ukuran perusahaan dan pertumbuhan perusahaan

Transforming Projects into Superior Investment Strategies Using Cash Flow Statement Analysis

Every project is fundamentally made up of cash flows. An investor may rent a factory, buy raw materials, hire workers, manufacture a product or fund an advertising campaign, all with the purpose of selling a product or service to make a profit. Every part of the project or investment opportunity results in a combination of positive and negative cash flows. Investment opportunities are assessed by estimating and valuing the cash flows that a project will generate. An optimal investment decision balances project returns against project risks and seeks the maximum return per unit risk. Cash flow statement analysis is a vital skill required to identify superior investment opportunities and to transform mediocre projects into superior investment strategies. They help the active project manager boost returns and eliminate risks, identifying project strengths to harness and weaknesses to prune. Firstly we review and explain the key items on cash flow statements. Secondly we show how to compute a project’s free cash flows. Thirdly we discuss how to evaluate the cost of capital and project risk. Fourthly we outline how to calculate the Net Present Value (NPV) of a project and discuss optimal investment criteria. We conclude with a case study and perform a detailed project valuation using cash flow statement analysis. An Excel example workbook is provided with this paper.

Analisis Laporan Keuangan sebagai Alat Penilaian Kinerja Keuangan pada Koperasi Samudra Mulya Ciparagejaya-Karawang 2013-2018

Marine Fisheries Cooperativies production called KPPL a financial institution to empower the fishermen and help the economy of the fishermen arround. But many cooveratives / KPPL experienced significant tidal cooperative as a bussines entity that is differnt, has a special indikator in determining achievement performance.This research is descriptive research, which in this study describes and explain how the financial performance of the cooverative KPPL Samudra Mulya using financial statements as the basis for the financial perfomance of assesment. It’s this, this study aimed to analize the financial performance of the Marine Fisheries Cooperativies Production (KPPL) Samudra Mulya. Bassed on these results we concluded a brief presentation of pinancial statements Marine Fisheries Production Cooperatives “KPPL” consisting of banlance sheet income statements, statements of changes in equity, cash flow statements and notes on financial statements. Financial statement analysis is a relationship between one another with both quantitative and non-quantitative data explaining changes in financial conditions to determine a decision to be taken.

Analisis Arus Kas (Studi Empiris Pada PT. Indosat Tbk)

The cash flow statement is a report that shows the flow of cash or cash that is in the company. The cash statement consists of cash inflows such as proceeds from receipts or sales and cash outflows which consist of expenses such as payment of expenses and expenses. The purpose of this study was to determine the ability of PT. Indosat Tbk. in managing cash flow, especially in determining the projected investment made, based on the cash flow conditions of PT. Indosat Tbk in the period 2016-2018. The results of this study indicate that the comparative analysis of cash flow statements on total cash and cash equivalents, cash flow at the end of the period during the 2016-2018 period shows a percentage of -48.93%, 4.10%, -45.75%, for three consecutive years, and on Trend analysis is at PT. Indosat Tbk. shows the percentage figures of 51.07%, 104.10%, 54.25% for three consecutive years in the 2016-2018 period. Per component analysis shows that cash inflows and outflows are dominated by cash flows from operating activities with a tendency that cash inflows decrease while cash outflows increase. In a special cash flow ratio analysis shows that the cash flow adequacy ratio of PT. Indosat Tbk, shows a figure of 1.57 and a reinvestment ratio which shows a ratio of 25.65% which means that PT. Indosat Tbk is quite good at meeting the company's cash needs.

Korean Firms’ Share Repurchase Activities: Firm Characteristics, Financing and Investment

This study examines Korean listed firms’ share repurchasing activities over the period 2006~2016 using the amount of net share repurchases from annual statements of cash flow. Korean firms use dividends rather than share repurchases as their primary payout method. Each year, the proportion of share repurchasing firms is lower than 20%, whereas the proportion of dividend-paying firms is around 70% or higher. Univariate analysis and Tobit regressions reveal that the incidence and amount of share repurchases increase with firm value, size, and cash flow. Our findings do not suggest that low valuations (or poor stock performance) or low debt ratios motivate share repurchases. Korean firms use primarily internal funds to finance share repurchases, as share repurchasing firms experience substantial increases in retained earnings. Share repurchasing firms do not invest less than other firms do, suggesting that share repurchases do not result in underinvestment. Compared to dividends, share repurchases are more positively associated with firm value. Compared to share repurchase, dividends are more positively associated with cash flow and financial maturity, but more negatively associated with stock return volatility. Finally, firms with high controlling shareholders’ ownership tend to choose dividends over share repurchases in their payout policy.

Analysis of the Validity of Financial Failure Predicting Models: The Case of Thomas Cook

Bu araştırmanın amacı, finans teorisinde en fazla kabul gören finansal başarısızlık tahmin modellerinin geçerliliğini, 23 Eylül 2019 tarihinde iflas ettiğini açıklayan Thomas Cook şirketi üzerinde analiz etmektir. Bu amaçla, şirketin 2009-2018 yılları arasındaki finansal durum tabloları, ayrıntılı gelir tabloları ve nakit akış tabloları kullanılarak finansal başarısızlık risk olasılıkları Altman Z Skor, Springate, Fulmer, Kanada Skor ve Ohlson O-Skor modellerine göre hesaplanmıştır. Analiz sonucunda Thomas Cook şirketinin bütün tahmin modellerine göre analiz döneminde finansal başarısızlık riski taşıdığı belirlenmiştir. Dolayısıyla analizde kullanılan bütün finansal başarısızlık tahmin modellerinin şirketin iflasını 2019 yılından önceki yıllarda %100 olarak doğru tahmin ettiği saptanmıştır.

Pengaruh Kandungan Informasi komponen Laporan Arus Kas, Laba Akuntansi Dan Size Perusahaan Terhadap Return Saham Pada Perusahaan Consumer Good di Bursa Efek Indonesia

This study aims to examine the impact of the information content component of the cash flow statements, accounting profit, and company sizes on stock returns in consumer goods companies listed on the Indonesia Stock Exchange in the 2014-2017 period. The population in this study are corporations listed on the Indonesia Stock Exchange, specifically consumer goods companies. The sample were obtain by purposive sampling method. There are 30 companies that match the criteria. The data analysis was contucted using SPSS version 22. The technique of data analysis was descriptive statistics, classic assumption tests, hypothesis testing utilising multiple linear regression analysis. The research findings explicated several discoveries such as the following : 1) Operating cah flow has a negative and no significant effect on stock return, 2) Investment cash flow holds a positive and not significant effect on stock return, 3) Funding cash flow have a positive and not significant on effect stock return, 4) Accounting profit has a negative and no significant on effect return stock, 5) The size of the company has a positive and significant effect on stock return. The limitations of this study were that the adjusted R2 examined only had an effect of 13.2%. This shows that the influence of operating cash flows, investment cash flows, funding cash flows, accounting profit and company size on stock return is still very small compared to other factor, which is 86.8% and influenced by other factors which can be examined further. Future research needs to pay attention to other factors such as grofit, ROA and ROE.Keyword : operating cash flow, investment cash flow, funding cash flow, accounting profit, company size, and stock return.

Five-year experience in quality control over cash flow statements in Russian companies

Subject. The article considers the quality control over cash flow statements. Nowadays, audit procedures apply rather simple analytical tools to assess the reliability of this type of accounting reports. There is, therefore, an objective need to develop them. Objectives. The aim is to assess the quality of cash flow statements for the 5-year period from 2014 till 2018, and prove the interrelation between the scale of manipulation in accounting statements and the economic situation in the country and in the sector. Methods. The study employs theoretical and practical works of foreign and Russian scientists on accounting misstatements. Results. We use a large amount of information to develop and test a methodology for checking the quality of accounting reports, including the assessment of credibility of a statement as a whole, as well as its pats, i.e. cash flows from operations, investments, and financial transactions. Conclusions. It is recommended to use the offered methodology by audit companies and financial analysts to find out companies involved in accounting manipulation.

The Impact of Earnings Persistence on the Operating Cash Flows with Emphasis on Financial Constraints

The purpose of this study is to investigate the effect of earnings stability on operating cash flows with emphasis on financial constraints. Evidence suggests that earnings stability has a positive and significant effect on operating cash flows, and financial constraints have a negative and significant effect on operating cash flows and also financial constraints do not have a significant interactive effect on the relationship between profit stability and operating cash flows. To measure operating cash flow, the cash flow from operating activity obtained through the cash flow statement is obtained by dividing the total assets of the company. The research is from 2012 to 2016 that a total of 121 companies active in various industries have formed the research sample. The method of the present research is descriptive-correlational in terms of applied purpose and post-event in terms of data collection method. Multivariate regression method has been used to test the research hypotheses. The independent variable in this study is profit stability and the dependent variable is operating cash flow and financial constraint as a moderating variable. The result is also supported by stakeholder theory. In general, the research findings show the important and prominent role of earnings stability in shaping the operating cash flow and its financial constraints.

Cash Flow in an Agribusiness Restructuring Process

The purpose of this article is to present cash flow as an accessible and efficient tool for the management of small and medium-sized egg companies, including those close to bankruptcy, aiming at their financial recovery. In order to achieve results, action research and the cash flow management method were adopted. The data were collected from a Brazilian egg producer that was close to bankruptcy. Data collection, implementation of the management tool and performance monitoring took place between July 2016 and December 2017. The use of the cash flow tool allowed the company’s financial recovery, which led to an increase of 951.5% in its cash and cash equivalents at the end of the research period, generating 22.5% of cash on the operating result and maintaining its minimum balance of cash by 23.6% above the limit required for it to keep operating safely. The method considered only the Cash Flow Statement, as it is the most practical and easy to understand for managers who have no management experience or training. The Balance Sheet and Income Statement were not explored. From the research results it is expected that the proposed management tool would be adopted by other small and medium-sized egg producers in Brazil, as well as in other branches of agribusiness. Hitherto, we are not aware of the availability of a tool proposed for small and medium companies in the animal production segment in Brazil. Therefore, it could be a valuable contribution to the socioeconomic development of this sector.

Financial Feasibility Study for New Investment in New Digital Product of PT Telkom Indonesia (Case Study: SKP Project)

SKP is an integrated stock management system application. With SKP, PT Telkom Indonesia provides solutions to business owners in the form of connectivity and services. Proper planning of business strategy is needed based on a proper feasibility study, so SKP project can generate economic benefits for PT Telkom Indonesia and all the stakeholders. SKP has not calculated the financial projections for it to proceed to the market and meet PT Telkom Indonesia regulation. A financial feasibility study would measure the revenue projection, and cost structure such as cash flow, balance sheet, and income statement projection. At the end of this model, there will be a conclusion of the feasibility of the project using internal rate of return (IRR), net present value (NPV), and payback period (PP) as parameters. If the project is feasible, there will be a sensitivity risk analysis to find out the most sensitive variable. According to feasibility test result, it is concluded that the SKP project can benefit PT Telkom Indonesia. This can be seen from the FCFF calculation which results in a positive NPV with a value of Rp 5.229.648.128, and IRR of 67,26% which is greater than the project WACC of 17,94%. From the payback period requirements set by PT Telkom Indonesia, the project is estimated to have a PP of 2,02 years. The result of SKP's financial projections is also supported by Monte Carlo simulations which show the effect of changes to influential variables, with simulation results show a possible NPV> 0 of 87,53%.

Financial Literacy and Women Entrepreneurs’ Performance in Lagos State, Nigeria

Purpose: The study seeks to examine the influence of financial literacy on women entrepreneurs’ performance with particular reference to Lagos State, Nigeria. 
 Methods: A survey research design was employed for this study and a judgmental sampling technique was used to select 250 women entrepreneurs engaging in trading, teaching, fashion design, and agro-allied businesses. Mean, frequency, simple percentage, and least square method of estimation were used to analyze the data. 
 Results: The study establishes that financial literacy is a major determinant of women entrepreneurs’ performance. 
 Implications: The implication of this study is that if women entrepreneurs are equipped with an array of financial skills on income statement preparation, cash flow statement and cash budget preparation, the opening of a separate account for business, bookkeeping, internal control on cash, and daily cash reconciliation, they will be able to expand their businesses.

ROLE OF AUDIT IN MANAGING PUBLIC INTEREST ENTITIES

Abstract. The article discusses current issues of interaction between external auditors and management of public interest entities with the aim of making managerial decisions aimed at ensuring the continuity of an entity, ensuring balance between resources and their sources, eliminating distortions in financial statements. Based on the study, it has been found that the definition of «public interest» is inextricably linked with the economic benefits of interested financial statements users. Internal control (audit) is aimed at prompt response to negative effects of economic activity. Considering financial performance generally, external audit provides users with reliable information on financial and property status of the audited entity, its financial results, and changes in cash flow and equity. Management team of a public interest entity has to create an audit committee to interact with an external auditor. At the same time, an external auditor creates an additional report and informs the audit committee on the applied principles of independence, on the key partner, on the auditors involved, on the scope and timing of the statutory audit, on the audit methodology, the materiality level chosen for the audit, on business continuity of the audited entity, on the shortcomings of its quality control system, on identified violations of the law, and on the interaction of auditors and management during the audit. A letter from the auditor to those with the highest managerial authority also contains information about the internal control system and its ability to identify deviations from legislative norms. A final document informing report users on financial and property status, operating activity, cash flow and equity statements of the audited entity is an audit report, which may include the following opinions of an auditor: unqualified opinion, qualified opinion, adverse opinion, and disclaimer of opinion.The management of the audited entity makes decisions on adjusting internal control system, financial statements, and revealed deviations from legislative norms based on audit documents preceding the report and the audit report itself. The procedure for adjusting the customer’s internal control system of the audit, its financial statements identified during the inspection of deviations from existing legislative standards on the basis of audit documents preceding the audit report and an additional report for the audit committee of the enterprise is considered. Keywords: public interest entities, audit, financial statements, audit committee, audit report, management. Formulas: 0; fig.: 0; tabl.: 4; bibl.: 10.

The Usefulness of Operating Cash Flow for Predicting Business Bankruptcy in Medium-Sized Firms

Purpose – This paper proposes using operating cash flow (OCF) as an instrument to determine a firm’s likelihood of bankruptcy. It presents a new model capable of predicting business failure based on data derived from financial statements. Design/methodology/approach – In this study, logit analysis was employed because of its frequently-cited conceptual advantages relative to multiple discriminant analysis. Through the logistic regression, we identified an integrated function for several ratios, which is useful when assessing whether a firm can be classified as solvent or insolvent in the future. The sample consists of Spanish medium-sized enterprises (MEs) included in the SABI. Findings – We identified an integrated function for several ratios, including information derived from cash flow statements, which is useful when assessing whether a firm can be classified as solvent or insolvent in the future. The analysis suggests the usefulness of taking into account information provided by cash flow statements when making decisions regarding lending to firms and, also, in relation to the acceptable level of leverage that can be assumed by a firm. Originality/value – The model is capable of predicting the probability that a medium-sized firm might have financial problems three years before this occurs, increasing the capacity to take corrective measures.

Il bilancio degli atenei: schemi di analisi

The adoption of accrual accounting by Italian universities opens a wealth of new financial information. However, these financial statements remain difficult to in-terpret, due to the specific management of universities, and the statutory choices in defining the reporting formats. This article suggests a better presentation format of the information reported in university financial statements. For each of the three statements - i.e., income statement, balance sheet and cash flow statement - the analysis involves: - describing the main features of the mandatory statement, in order to highlight its peculiarities, application and issues in interpretation; - identifying the most suitable format to reclassify the statements of universities, to extract consistent and relevant information on their conditions and perfor-mance. This could foster greater awareness of the financial statements of uni-versities among the governing bodies and external stakeholders of universities, as well as improving the tools used by scholars to analyse the university system.

Analysis of Characteristics of Cash Flow of Domestic General Hospitals Based on Statement of Cash Flows : From the Beginning, before, and after the Global Financial Crisis

Analysis of Characteristics of Cash Flow of Domestic General Hospitals Based on Statement of Cash Flows : From the Beginning, before, and after the Global Financial Crisis