Statement Of Financial Accounting Standards Research Articles

Implikasi Other Comprehensive Income IFRS pada Perpajakan Indonesia

In Indonesia, the Statement of Financial Accounting Standards (PSAK) 1 does have guidelines about other comprehensive income (OCI). Tax issues usually arise when an entity seeks to reconcile any type of OCI with the definition of income under Income Tax Law Article 4 paragraph (1). This research aims to analyze the implication of OCI on the income tax environment in Indonesia. This study use a qualitative methodology with the data mainly acquired from literature and in-depth interviews. To guarantee that the principle of ability to pay is upheld, each components of OCI demand separate treatments. According to the findings, Indonesian income tax regulations on OCI components could be based on realization, mark-to-market, or a hybrid of these approaches. Gains and losses from financial statement translation of international business activity might be taxed through realization taxation. Hybrid taxation better serve the unrealized gains and losses of fixed assets and intangible asset changes in revaluation surplus. It is preferable to use the mark-to-market approach if the tax authorities has given its consent for the revaluation to be carried out. Realization taxation should be imposed on the remaining components as well. Some policy recommendations, as a result of our findings, for the development of future tax policies are highly encouraged.

Evaluation of Recognition, Measurement, and Presentation of Financial Statements of PT Dinamik Prima Persada According to Statement of Financial Accounting Standards 1

This study aims to identify and evaluate the recognition, measurement, and presentation of the financial statements of PT. Dinamik Prima Persada by Statement of Financial Accounting Standards 1. This type of research is a case study; descriptive analysis is used. Data collection techniques in this study were interviews and documentation methods. The validity of the data was tested by the triangulation method. The results of this study indicate the concept of recognition and measurement of PT. Prima Persada Dinamik is in accordance with Statement of Financial Accounting Standards 1. The concept of a presentation at PT. Prima Persada's dynamics are not in accordance with Statement of Financial Accounting Standards 1. Financial reports of PT. Prima Persada's dynamics only consist of a statement of financial position and an income statement, so it still needs to be completed.

Evaluation of Recognition, Measurement, and Presentation of Financial Statements of PT Dinamik Prima Persada According to Statement of Financial Accounting Standards 1

Evaluation of Recognition, Measurement, and Presentation of Financial Statements of PT Dinamik Prima Persada According to Statement of Financial Accounting Standards 1

Implementation of Accounting Standards for Cryptocurrency Companies in Indonesia

The development of number of cryptocurrency startups around the world, including in Indonesia, is increasing every year, demanding business people to provide financial services by accepting the presence of cryptocurrency technology directly in the real world. The purpose of this study is to explore the application of the Statement of Financial Accounting Standards (PSAK) adopting International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) on cryptocurrency companies at the Indonesian National Indodax Company (Bitcoin Indonesia). This research method is descriptive qualitative with data collection methods using interview and observation techniques. The results show that the Indodax Company (Bitcoin Indonesia) uses IAS 2 inventory because the company's core business is in brokerage, which measures cryptocurrency inventory recorded at fair value after deducting costs to sell and is recognized in the income statement and reported in the Available for sale financial asset account. At the same time, the entity applies IAS 38 intangible assets in the measurement, valuation, and presentation of financial statements that refer to computer software and internet domains, not cryptocurrency assets in the form of coins and tokens. In addition, entities that measure and value cryptocurrency assets (cash and tokens) using financial instruments IFRS 9 Financial Instruments: Recognition and Measurement are calculated and recorded as financial assets at fair value through profit or loss (FVTPL).

Sosialisasi Dan Edukasi Software Accounting Dalam Pencatatan Laporan Keuangan Pada Bmt Dmi Kota Pekanbaru

Islamic financial institutions or can be called interest-free banks are finance/banking whose operations and products are developed based on the arguments of the Qur'an and the Hadith of the Prophet SAW. Islamic financial institutions are banks whose working mechanism uses a profit-sharing system. Currently IAI (Indonesian Accounting Associations) has issued a statement of financial accounting standards (PSAK) which regulates Islamic Financial Accounting. The purpose of this activity is to provide knowledge and insight to readers about the role of the importance of accounting software in sharia cooperatives in recording their financial statements in the era of all-technology at this time, the role of technology in each activity is greatly assisted, for that it is necessary to have good socialization related to software Accounting in Sharia cooperatives. And help the BMT DMI in Pekanbaru. As for the target, the members/managers of the sharia cooperative BMT DMI Pekanbaru City understand and understand Accounting Software which can facilitate managers in recording financial statements properly and correctly. This activity will greatly assist the management of BMT DMI to run the program and its financial system. The result is that Accounting Software can help BMT DMI in doing accounting

Matanre Siri: Rekonstruksi Peningkatan Uniformitas Pernyataan Standar Akuntansi Keuangan No. 109

The objective of this paper is to consider local culture as one of the factors that can help the National Amil Zakat Agency (BAZNAS) adhere more closely to the Statement of Financial Accounting Standards (PSAK) No.109, even though many Zakat Management Organizations (OPZ) have yet to do so. This paper employs an interpretive qualitative approach by contrasting the Indonesian Accounting Association's (IAI) Statement of Financial Accounting Standards with the Bugis Matanre Siri philosophy.In the context of the implementation of Statement of Financial Accounting Standards (PSAK No.109), Matanre Siri has developed into a philosophical value as well as a core value at the National Amil Zakat Agency (BAZNAS) of the Sidenreng Rappang Regency. Human resources with Makassar Bugis ancestry also play a significant role in bringing the implementation process and Bugis culture's Sulapa Eppa values together. At the National Amil Zakat Agency of Sidrap Regency, financial statements (financial statements) that are accountable and transparent are created by presentations based on the value of Matanre Siri, such as lempu' (honest). So that Metanre Siri is constructed with the intention of achieving uniformity or uniformity that has been established by the authorities.

Murabahah Financing Analysis for Civil Servants at PT. BPRS Fadhilah Bengkulu City

The purpose of this study was to determine the implementation of murabahah financing for civil servants at PT. BPRS Fadhilah Bengkulu City is in accordance with the Statement of Financial Accounting Standards (PSAK) Number 102. Based on the results of the analysis of murabahah financing for Civil Servants (PNS) at BPRS Fadhilah Bengkulu it is very good and in accordance with PSAK 102. From the above discussion, we can see that murabahah financing creates buying and selling transactions in which the bank mentions the amount of profit. Murabahah financing will also provide awareness about the selling price, namely the bank's purchase price from the supplier plus profits, in banking murabahah financing also affects it in the sense that murabahah is usually carried out by means of installment payments (bi tsaman ajil). In this transaction, the goods are delivered immediately after the contract, while the payment is made on a deferred basis. Based on the results of this study, it can be concluded that BPRS Fadhilah Bengkulu is very good and in accordance with PSAK 102. From the above discussion we can see that both recognition and measurement, presentation and disclosure are almost in accordance with PSAK No. 102

Evaluasi Pengelolaan Keuangan Sekolah Berdasarkan PSAK 45

Evaluation is the process of describing, obtaining, and presenting useful information to formulate an alternative decision. Evaluation is part of the management system, namely planning, organization, implementation, monitoring and evaluation. Financial management is planning, controlling, organizing, controlling resources related to funds so that the goals of an organization can be achieved. Financial management is very important because without financial management, finances cannot run properly and smoothly. Statement of Financial Accounting Standards (PSAK) No. 45 on Financial Reporting of Non-Profit Organizations. Non-profit organizations are usually engaged in services by providing services to the community. The forms of service also vary from education, health to religion.
 The objectives of this discussion are: (1) knowing financial management at Kosgoro High School, (2) knowing the financial reports at Kosgoro High School, Bogor City, (3) knowing whether the financial reports at Kosgoro High School Bogor City are in accordance with PSAK 45.
 The results of this discussion indicate that the financial management at SMA Kosgoro is in accordance with PSAK 45 but has not been fully realized according to the recommendations of PSAK 45.
 
 Keywords: Evaluation, financial management, PSAK 45

Implementasi Software Akuntansi pada Lembaga Amil Zakat, Infak, dan Sedekah Syamsul Ulum

The amil zakat institution has a public responsibility by providing reports to stakeholders. The financial reporting of the Amil Zakat Institution is regulated by the Statement of Financial Accounting Standards (PSAK) 109. However, not all of the lazis recognize and apply PSAK 109, including the Amil Zakat Infak/Alms Syamsul Ulum Institution (LAZISSU). This community service activity has been carried out in 2 stages. Phase 1 is in the form of socialization of PSAK 109 in the form of an introduction to the format of financial statements and the appropriate accounting system. Phase 2 is training and mentoring for LAZISSU amil to be able to prepare financial reports independently. The current activity is the third stage in the form of software implementation for amil zakat institutions. The method of implementing activities is direct implementation assistance. Participants are managers and Lazissu finance division team as the main users of the software. Participants combine the knowledge that has been obtained in the previous two stages into the process of implementing zakat institution software. Resource persons act as assistants in this implementation process. The result of this series of activities is that participants understand the importance of preparing financial reports for amil zakat institutions in accordance with applicable accounting standards and are able to compile financial reports with the help of accounting software that has been provided.

Strategic Entry Decisions, Accounting Signals, and Risk Management Disclosure*

ABSTRACTThis study provides evidence that hedge accounting information under Statement of Financial Accounting Standards (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities, is related to rivals' market entry decisions. Documenting accounting information's relevance to competition decisions requires context‐specific settings. Using data for the airline industry in the United States, I predict and find that entrants are less likely to enter routes in which incumbents report higher accumulated other comprehensive income from fuel hedging, an indication of lower future operating costs. As predicted, this relation is stronger after the adoption of SFAS 161, Disclosure about Derivative Instruments and Hedging Activities, in 2008, a systemic shock that significantly increases risk management disclosure requirements. The findings illustrate the product market relevance of hedge accounting signals and disclosure in the US airline industry and extend the understanding of SFAS 133 and SFAS 161 beyond the capital markets.

Risk management transparency and compensation

We examine the optimal design of managerial compensation in a setting where a manager must be induced to maximize shareholder value while managing the firm's cash flow risks. Our model shows that, while high-powered incentive pay (e.g., options) induces the manager to increase shareholder value, it also provides incentives to engage in unproductive risk-seeking activities. The trade-off suggests that shareholders’ monitoring of risk management practices facilitates the awarding of high-powered managerial compensation. We empirically test this prediction using a regulatory shock, namely, the issuance of Statement of Financial Accounting Standards No. 133 (FAS 133). The new standard enhances the stringency of hedge accounting treatments, thereby improving shareholders’ monitoring of firms’ speculative use of derivatives. We find that FAS 133 enhances the awarding of convex compensation to financial officers who manage and oversee corporate derivative programs. However, the new standard does not affect compensation for their peer executives. Our findings support the optimal contracting hypothesis.

Penerapan Pencatatan Akuntansi Persediaan Barang Dagang Berdasarkan PSAK No.14 Pada Toko Online Shop CUTIESTORE.CO

The goal of this study was to assess whether the Cutiestore.co Online Shop's inventory and valuation methods were compatible with the PSAK No. 14 statement of financial accounting standards. Documentation, Observation, Interview, and Literature Study are the methods utilized to gather data. Quantitative data analysis is performed by collecting (collecting), reducing (reducing), and displaying (displaying) data (data presentation). The Online Shop uses the FIFO valuation approach and the perpetual recording method for inventory value and recording. In-depth interviews with Cutiestore.co's owner yielded data in the form of an overview of the online store, which was then written up as a report on the findings. After conducting a study, experts assessed that the Cutiestore.co Online Shop's inventory recording, and valuation system complied with PSAK No. 14.

THE TRAINING ON THE IMPLEMENTATION OF PSAK 71 (FINANCIAL INSTRUMENTS) FOR THE ASSOCIATION OF YOUNG ACCOUNTANTS IN THE BANTEN REGION

Accounting as a process for recording, calculating, grouping, and classifying, processing and presenting transaction data. Accounting has many important aspects to discuss, there are even times every year every statement of financial accounting standards undergoes several changes. This Community Service activity aims to provide training on the application of PSAK 71 financial instruments for the Young Accountants Association of the Banten Region, especially students at various universities spread throughout the Banten area in order to understand the essence of PSAK 71 financial instruments, namely there are significant changes in classifying and measuring financial assets. How PSAK 71 makes an estimate for bad debts. The method used is teaching, tutorial and discussion methods. Presentation by explaining, namely participants were given material directly from the speaker about PSAK 71. Then also discussed PSAK 71 in terms of taxation and provided illustrative examples related to calculating allowance for impairment allowances using Expected Credit Loss (ECL). The results of this community service were marked by the enthusiasm and ability of the participants for the presentation of the theory presented, the participants were quite critical and asked many questions. Simulation practice to calculate the benefits of trade receivables and impairment of trade receivables. The results of this community service activity in the form of a webinar are expected to be useful for students of accounting study programs, especially at various universities in the Banten area.

Analisis Penerapan Standar Akuntansi Keuangan No 16 (Aset Tetap) Pada PT Telkom Indonesia Tbk

Good or bad economic growth can be seen in the financial statements, namely the balance sheet and seen from the total value of fixed assets. This is usually a consideration for internal or external parties in making decisions. Assets are very important things owned by the company. In the company's operational activities, fixed assets have a very significant role in producing goods and services, providing benefits to the company and to achieve company goals. This means that decision makers really need information related to fixed assets in the company. These decision makers need information related to accounting for fixed assets in accordance with accounting theory based on Statement of Financial Accounting Standards (PSAK) No. 16 in the company's activities. The research method used in this research is descriptive analysis method with quantitative shortness. From the results of the study it can be concluded that PT Telkom Indonesia Tbk in its scope is not in accordance with PSAK No. 16, measurement and depreciation of property, plant and equipment in accordance with PSAK No. 16.

Pelatihan dan Implementasi Pelaporan Keuangan Zakat, Infak, dan Sedekah Berbasis Digital di Masjid Jami Al-Mujahidin Bintara Bekasi Barat

Mosque is an entity where some sources of funds come from the community or public in the form of waqf, grants, infaq and alms. Mosques are often in the public spotlight regarding the management of funds collected from the ummah and the community, so that high transparency and accountability are needed from the mosque administrators in financial reporting. Jami Al-Mujahidin Masjid Bintara, West Bekasi which is a large mosque and has been supervised by the ministry of religion. The limitations faced by the mosque manager is that it has not done financial reporting in accordance with accounting standards, so needs to be trained in preparing digital-based financial statements in accordance with the Statement of Financial Accounting Standards (PSAK) No. 109 on accounting for zakat, infaq and alms. This training aims to facilitated the management of Mosque to easily prepare the digital-based financial statement in accordance with accounting standards and can implement the transparency and accountability. The method of activity is carried out offline at the Jami Al-Mujahidin Mosque Hall which was attended by the administrators of the Jami Al-Mujahidin Masjid Bintara, West Bekasi. The training material provided consists of understanding, recognizing, and measuring zakat, infaq, and alms; accounting transactions of non-halal funds; zakat, infaq, and alms accounting financial statements; and the use of financial reporting applications based on PSAK No. 109 based on digital. After participating in this program, all mosque administrators or managements can understand the objectives and benefits of financial reporting and can implement the preparation of financial statements in accordance with applicable standards by using a digital-based financial statement. With the limited time for activities, monitoring and evaluation of the implementation of digital-based financial statement applications according to applicable standards will be carried out in subsequent activities.

Application of PSAK 109 in the Preparation of the Financial Statements of Baznas Pematang Siantar

The Sharia Financial Accounting Standards Board of the Indonesian Accounting Association stipulates Statement of Financial Accounting Standards No. 109 concerning Accounting for Zakat and Infaq/Sedekah which is stipulated for institutions that manage zakat, infaq and alms funds as their main activities. The purpose of this study was to determine whether BAZNAS Pematang Siantar had complied with PSAK 109 concerning zakat and infaq/alms accounting or not in preparing financial statements. This study uses a qualitative descriptive type of research, this research was conducted at BAZNAS Pematang Siantar City, the technique used in this study was a literature study and documentation technique. The results and conclusions of this study are that BAZNAS Pematang Siantar City has not used PSAK 109 in the preparation of its financial statements. The form of financial reports used by the Pematang Siantar City BAZNAS office is a report on receipts and distribution of funds and administrative expenses.

Analysis of the Application of Statements of Financial Accounting Standards Number 71 concerning Financial Instruments (Case Study at Ltd Bank BRI (Persero) Plc in 2020)

Statements of Financial Accounting Standards are commonly called PSAK in Indonesian terms. PSAK No. 71, which is the adoption of International Financial Reporting Standards (IFRS) 9, has officially come into force effective as of 1 January 2020 as Indonesia's new Financial Accounting Standards are commonly called SAK in Indonesian terms. PSAK No. 71 changed several rules related to financial instruments. This emerged as a response to the failure of corporations, especially the financial sector, which could not see signals from the market regarding uncollected bills from the start. This study aims to determine the application of PSAK No. 71 Financial Instruments in the financial sector, especially in the banking industry. The subject in this study is Ltd Bank BRI (Persero) Plc because Ltd Bank BRI (Persero) Plc is the Bank with the largest total assets and the Bank with the highest credit distribution value in Indonesia in 2020. The object in this study is the financial statements of Ltd Bank BRI (Persero) Plc ending as of December 31, 2020. This research type of research is descriptive qualitative with a case study approach. The results showed that Ltd Bank BRI (Persero) Plc had implemented all the regulations contained in PSAK No. 71 for the financial statements ended December 31, 2020, and the impact of implementation can be seen from the total value of Allowance for Impairment Losses are commonly called CKPN in Indonesian terms which increased by 29.07% at the beginning of its implementation.

Analysis of PSAK 16 Accounting Implementation at BAPPEDA of North Sumatra Province

This study plans to evaluate the extent to which the organization has made accounting arrangements for fixed assets according to the hypothesis, which depends on the Statement of Financial Accounting Standards (PSAK) No.16 in organizational activities in the Regional Development Planning Agency (BAPPEDA) of North Sumatra Province. This study is a descriptive qualitative type that describes data in the form of a narrative about objects found in the field. The results of this study can be concluded that in general accounting activities, especially in the management of fixed assets, BAPPEDA, North Sumatra Province, the principles are almost in accordance with the Statement of Financial Accounting Standards (PSAK) No. 16 in terms of recognition, measurement, disposal of assets, depreciation of property, plant and equipment, retirement and disposal of property, plant and equipment. However, as far as showing and describing fixed assets, there are some data that are not clearly disclosed in the notes to the budget report. The Company does not disclose the estimation premise used in determining the gross amount. What's more, it does not reveal the asset reduction strategy used

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.

PENINGKATAN PENGELOLAAN KEUANGAN YAYASAN MELALUI PENGEMBANGAN SISTEM INFORMASI AKUNTANSI PADA YAYASAN AS-SHOFI DI DESA MONTONG ARE KECAMATAN KEDIRI LOMBOK BARAT

Foundation is a non-governmental organization that operates outside the institutionalized political structure and is a volunteer service entity that aims to help others in reducing social problems. The financial statements of this foundation are needed as accounting information for users, both internal and external parties, such as donors, foundations, creditors, organizational members, and other parties for decision making (Anand, 2018). This community service activity will develop an accounting information system at a Foundation. Asshofi Raehan Lombok Foundation is a non-profit organization engaged in education. The method used in carrying out this activity is the design of an accounting information system in the form of a Foundation financial reporting application, training on the use of the application accompanied by ongoing assistance in the form of consultation if problems occur in the use of the application. Based on the results of community service, it can be concluded that the daily administrators and implementers at the Asshofi Raehan Lombok Foundation do not know about the existence of accounting standards that should be used to account for their financial management by making or compiling financial reports with applicable standards, namely using PSAK No. 45, Statement of Financial Accounting Standards concerning Financial Reporting of Non-Profit Entities.