Income Statement Research Articles

La influencia de la cultura tributaria de los trabajadores en la declaración anual del Impuesto Sobre la Renta en México

The aim of the article is to explain the influence that exists on the level of tax culture with respect to obtaining a tax benefit derived from filing the annual tax income statement of workers in Mexico during 2022. It is a mixed investigation of explanatory scope and transversal cut whose variables were tax culture and tax benefit. It was found that attitudes, values ​​and beliefs that are part of the tax culture are more deeply rooted in workers who did file their annual income tax declaration. Likewise, there is a direct relationship between the tax culture and the fiscal benefit in tax returns, since the knowledge of personal and authorized deductions that the worker can make, as well as the voluntary filing for the annual income tax statement represents the actual worker's contributory capacity.

Analisis Pendapatan dan Kelayakan Usaha Salad Buah pada Mf Dessert

Income is all income received from other parties in the form of money or goods, as well as industrial output, which is valued based on the current amount of money from these assets. Turnover is one of the company's components and the main objective in preparing the income statement. This research aims to conduct an analysis of fruit salad income at Mf Dessert. Through this careful research and comprehensive literature review, it is hoped that we can provide deeper insight into the income that contributes to Fruit Salad at Mf Dessert and provide recommendations that can help Mf Dessert businesses optimize their business potential. The method used is descriptive qualitative. The results of this research show that the average revenue from Mf Dessert is IDR 3,900,000,- per 5 months with production costs incurred of IDR 3,484,873,- per 5 months. The production costs consist of fixed costs of IDR 4,000 per 5 months and variable costs of IDR 3,435,000 per 5 months. From the results of data analysis, it was found that the income earned by fruit salad at Mf Dessert was IDR 415,127 per 5 months. Based on feasibility research on Mf Dessert (R/C Ratio), a value (R/C Ratio) of 1.22 or 1.22 > 1 was obtained, meaning that for every cost incurred Rp. 1, it produces income of Rp. 1.22 so that the revenue is greater than the capital spent. So it can be concluded that the fruit salad at Mf Dessert can be said to be profitable and worth running.

Financial Performance Analysis of PT. Sewindo Consultans for the Years 2021-2022

This research aims to analyze the financial performance of PT. Sewindo Consultans for the years 2021-2022. The research method used is descriptive research with a quantitative approach. The data used in the research are the financial data from the income statement and balance sheet. Secondary data was used in this research. Financial ratio analysis was used as the method of data analysis. The research findings indicate that: Liquidity ratios, which measure the company's ability to meet its short-term obligations through the current ratio and quick ratio, are in a "poor" condition. Solvency ratios, which measure the extent to which the company's assets are financed by debt through the debt to assets ratio and debt to equity ratio, are in a "poor" condition. Activity ratios, which measure how effectively the company utilizes its assets through the fixed assets turnover ratio, are in a "poor" condition, while the total assets turnover ratio is in a "good" condition. Profitability ratios, which measure the company's ability to generate profit through the return on investment and return on equity indicators, are in a "poor" condition. In general, the results of the liquidity, solvency, activity, and profitability ratio analysis of PT. Sewindo Consultans' financial performance for 2021-2022, as seen from various indicators used, show that almost all of them are below industry standards, indicating that the company is in a "poor" condition.

Analisis Current Ratio, Debt To Equity Ratio, dan Total Asset Turnover Terhadap Profitabilitas pada Subsektor Telekomunikasi yang Terdaftar di Bursa Efek Indonesia Periode 2020-2022

In Indonesia’s economic growth, the telecommunications industry has become a growing company along with the rapid development of technology, information and communication. With this growth, it is necessary to compare various financial statements, especially the balance sheet and income statement to determine the profitability of the company’s. The result of this study indicate that Return On Asset in telecommunications subsector listed on the Indonesia Stock Exchange for the 2020-2022 period has decreased drastically. The research method used is descriptive and assiciative with quantitative approach. The population used in the study is the financial statements of the telecommunications subsector listed on the Indonesia Stock Exchange period 2020-2022. The research object are Current Ratio (X1), Debt to Equity Ratio (X2), Total Asset Turnover (X3) and Profitability (Y). The data analysis techniques used intihs study are descriptive statistics and multiple linear regression. The result showed that partially (t test) Current Ratio has no significant effect on profitability, Debt to Equity Ratio has no significant effect on profitability, and Total Asset Turnover has a negative and significant effect on profitability. However, simultaneously (f test) Current Ratio, Debt to Equity Ratio, and Total Asset Turnover have a significant influence on the profitability of the telecommunications subsector listed on Stock Exchange for the period 2020-2022.

The financial and industrial situation of NVIDIA

NVIDIA has been gaining the world’s attention in recent years. Since its operation, it has shown great creativity and productivity. Most people in the world will come up with NVIDIA in mind when it comes to gaming GPUs. Thus, a brief introduction to this company seems significant. Previous studies have looked into technologies, investments and some specific ratios. However, few focus mainly on financial statements and the industrial environment. This passage gives insight into the income statements and balance sheets from the 2022-2024 fiscal years of NVIDIA, together with an environmental SWOT analysis. After these studies, NVIDIA has been stated to have a robust financial situation and a stable position among close competitors. NVIDIA owns the industry environment and a larger seller market. The passage also shows some of the strategies NVIDIA has adopted or is suitable for it to adopt. Further studies may be included afterwards in a more empirical way.

Analyzing The Investable Value of Five Automotive CompaniesThrough Financial Data and Data Mining Techniques

Automobile industry is a capital-intensive, technology-intensive modern industry, after more than a hundred years of development and evolution, the automobile manufacturing industry has formed a huge industrial chain, becoming one of the world’s largest and most important industries with the highest output value. In this research, I selected five world-famous automobile brand companies, stands for Ferrari, Bentley, Mercedes-Benz, Porsche, and Rolls-Royce. With reference to the operating financial data such as balance sheets, income statements, cash flow statements, year-end market share values, etc. of these five companies for the years 2021-2023, several financial ratios are used for comparative analysis and Ferrari is recommended as a company with the most promising investment outlook.

Analysis of Selling Price Determination in Maju Sejahtera Cooperative Beef Cattle Farming Business: Implementation of Accretion Accounting

Aims: This study aims to analyze the accounting for biological assets and the determination of selling prices in the Maju Sejahtera Livestock Production Cooperative (KPT) based on PSAK 69. Study Design: This study uses a qualitative descriptive method to describe how the accounting treatment of biological assets and the determination of the selling price in the Maju Sejahtera Livestock Production Cooperative (KPT) is based on PSAK 69. Place and Duration of Study: Determination of the research location was carried out purposively, namely at the Maju Sejahtera Livestock Production Cooperative, Tanjung Sari District, South Lampung Regency. This research was carried out from February to July 2024. Methodology: The data collection method in this study used semi-structured interviews and literature studies. Respondents were determined using purposive sampling. These criteria are that respondents must be involved in preparing financial reports and determining the selling price of cattle. Based on these criteria, the respondents of this research are the treasurer and marketing department who are members of KPT Maju Sejahtera, totaling 3 people. Meanwhile, secondary data was obtained through the documentation method, namely from the financial report data of KPT Maju Sejahtera. Results: KPT Maju Sejahtera at the end of each period did not require re-measurement of biological assets using fair value. KPT Maju Sejahtera has not grouped biological assets into productive and non-productive groups and has not reconciled changes in biological assets either narratively or quantitatively in presentation in the financial statements. In addition, KPT Maju Sejahtera discloses increases or decreases in the value of biological assets in the inventory account in the Balance Sheet, which should be disclosed in the Income Statement. Conclusion: The accounting treatment of KPT Maju Sejahtera's biological assets is in the form of recognition of biological assets, measurement of biological assets, presentation of biological assets, and mapping of biological assets are not in accordance with PSAK 69. In addition, the selling price set by KPT Maju Sejahtera is based on market prices, not based on costs incurred.

The Interaction of Global Economy Mobility on the Financial Performance of Flagged Airlines

This study examines the impact of global economic mobility and domestic production on revenue and EBITDA, which are income statement performance indicators of flagged carrier’s airline companies. The research question is whether the global economic trade mobility and domestic production will lead to an effect in the number of individuals traveling, and thus eventually affect the revenue and profitability performance of airline companies. There are studies in the literature that have selected macroeconomic indicators as affecting travel volume and financials. In this study, trade openness and direct investments represent the global economy's mobility. Short-term interest rates, oil prices and exchange rates are included in the model as a control variable. The results of the panel model indicate that trade openness have a positive effect on firms' revenues. Airline companies should develop their financial forecasts by monitoring the macroeconomic indicators that have shown significant results from empirical analysis.

The Parameter Optimization of Support Vector Machine with Genetic Algorithm in Risk Early Warning Models

Machine Learning algorithms are widely used by lenders in risk early warning models. With Machine Learning, the risk levels of individual and corporate customers are determined at the account and customer level. Lenders want to manage risk by evaluating the payment performance of customer or account with the help of Machine Learning algorithms. Banks, which have an important place among lenders, develop risk early warning models with the help of learning algorithms using customer information. In the development process of risk early warning models, while banks generally use customer information and credit bureau information for the individual segment, they use financial, non-financial and behaviour-based information for the corporate segment. In this study, it is planned to develop a risk early model for customers in corporate service segment. For the customers of corporate service segment, Balance Sheet and Income Statement items were used and the financial ratios were calculated for risk early warning models. In the development of risk early warning models, Mutual Information method was used as a novel feature selection approach and Support Vector Machine method (linear function, radial basis function and sigmoid function) was used as a supervised learning approach. By changing the neighbourhood metric (k), important patterns were discovered with the Mutual Information method in feature selection process. The optimal C and gamma parameters for Support Vector Machine models have been tried to be determined with the Genetic Algorithm, which is among the Meta-Heuristic algorithms. In order to find the optimal metrics in this study, the metric values for all parameters of the SVM model (function specific) have been kept quite wide. In this dataset of corporate service customers, the small neighbourhood metric has been found to have a significant impact on model learning and performance.

Penyajian laporan keuangan entitas berorientasi nonlaba berdasarkan ISAK Nomor 35 pada Yayasan Panti Asuhan “Pononiungan” Bolaang Mongondow

A non-profit entity is one that is engaged in community service and has no intention of seeking profit. Non-profit entities obtain their funds from donors or contributors who do not expect a return on their investment. It is crucial that non-profit entities be held accountable, particularly in light of the growing number of foundations and community organisations. Funders and the community must be provided with clear financial reports that explain the entity's performance and resources. This study will determine the presentation of financial statements of non-profit entities based on ISAK 35 at the Pononiungan Orphanage Foundation in Bolaang Mongondow. This thesis employs a descriptive qualitative analysis method. The results are clear: the Pononiungan Orphanage Foundation in Bolaang Mongondow has adjusted its financial statements to align with the ISAK Number 35 standard. This comprises comprehensive income statements, cash flow statements, net asset change statements, and notes to the financial statements.

Analisis Penerapan Tax Planning Dalam Mengefisiensikan Beban Pajak Penghasilan Pada PT Sentra Daya Madani

The research aims to analyze application of tax planning in efficiency PT Sentra Daya Madani income tax burden. This research used a descriptive method. Data collection techniques were carried out using documentation, interviews and a literature study. Analysis data by analyzing the commercial financial statement, reconciling fiscal, analyzing fiscal income statement, and making tax planning. The results of this research show that PT Sentra Daya Madani has implemented tax planning, but it has not been optimal, so that the payment of the tax owed is not yet efficient. There are still gaps that can be implemented or exploited to streamline the tax burden paid. The application of tax planning in this research can streamline the tax burden of IDR 9,089,693.

Analisis Pengelolaan Keuangan Usaha Mikro Kecil dan Menengah Berdasarkan SAK EMKM di Toko Nabila Desa Sitail Kecamatan Jatinegara Kabupaten Tegal

MSMEs are productive businesses that stand alone, which are carried out by individuals who meet the criteria for MSMEs as stipulated in Law Number 20 Article 1 of 2008. Nabila shop sells daily necessities. To run the business, financial management must be done well, and the purpose of this study is to find out the financial management practices of Nabila shop. Qualitative descriptive methodology was used in this study. Three data collection methods were used: documents, interviews, and observations. This research found that Nabila shop has an automated accounting system that only tracks sales transactions. It does not have a liability account on the balance sheet and income statement, and does not provide notes to the financial statements. the researcher recommends that using the accounting application that is already available in the store properly and correctly, doing complete recording and bookkeeping and having detailed and accurate financial reports. And the owner and staff Nabila shop should attend training on the application of SAK EMKM as a whole at the Tegal Regional Cooperative, MSME and Industry Office so that they can fully implement the three components of SAK EMKM and can also explore learning information on the internet. .

Assessing Large Language Models Used for Extracting Table Information from Annual Financial Reports

The extraction of data from tables in PDF documents has been a longstanding challenge in the field of data processing and analysis. While traditional methods have been explored in depth, the rise of Large Language Models (LLMs) offers new possibilities. This article addresses the knowledge gaps regarding LLMs, specifically ChatGPT-4 and BARD, for extracting and interpreting data from financial tables in PDF format. This research is motivated by the real-world need to efficiently gather and analyze corporate financial information. The hypothesis is that LLMs—in this case, ChatGPT-4 and BARD—can accurately extract key financial data, such as balance sheets and income statements. The methodology involves selecting representative pages from 46 annual reports of large Swiss corporations listed in the SMI Expanded Index from 2022 and copy–pasting text from these into LLMs. Eight analytical questions were posed to the LLMs, and their responses were assessed for accuracy and for identifying potential error sources in data extraction. The findings revealed significant variance in the performance of ChatGPT-4 and another LLM, BARD, with ChatGPT-4 generally exhibiting superior accuracy. This research contributes to understanding the capabilities and limitations of LLMs in processing and interpreting complex financial data from corporate documents.

Application of SAK ETAP in the Financial Statements of Savings and Loans Cooperative

The general background the financial statements of cooperatives are essential for transparent and accountable operations, particularly in non-public entities like Savings and Loans Cooperatives. Specific background the Savings and Loans Cooperative (KSP) "BAHAGIA" has been operating since 1980, but the application of SAK ETAP (Financial Accounting Standards for Entities Without Public Accountability) in its financial reporting remains incomplete, particularly in its notes to financial statements and cash flow presentation. Knowledge gap while SAK ETAP provides a standardized framework, many cooperatives, including KSP "BAHAGIA," struggle to fully implement it due to a lack of understanding and technical capacity. This study aims to analyze the extent to which SAK ETAP is applied in KSP "BAHAGIA"'s financial reports, identify gaps in compliance, and offer recommendations for improvement. Results the findings reveal that while KSP "BAHAGIA" adheres to some SAK ETAP requirements, such as balance sheets and income statements, significant discrepancies exist in the notes to financial statements and the exclusion of investment property in cash flow reports. Novelty this research highlights a critical gap in financial reporting for non-public cooperatives, emphasizing the need for targeted education and training for cooperative management in SAK ETAP compliance. Implications the study's recommendations can help KSP "BAHAGIA" and similar cooperatives improve financial transparency, ultimately enhancing member trust and cooperative governance. Highlights: Incomplete SAK ETAP implementation affects financial transparency in cooperatives. Key discrepancies found in notes to financial statements and cash flow reporting. Improved SAK ETAP education for cooperative management is crucial for compliance. Keywords: Financial Reporting, Cooperatives, SAK ETAP, Non-Public Entities, Compliance

Outsourcing Decision and Intra-firm Wage Bargaining

Firm's outsourcing decision changes the match surplus to be split as well as the rule for splitting the surplus with employees. This study proposes and estimates a simple wage bargaining model that tracks down the time variation of revenue, cost, and input variables while taking the outsourcing patterns as given. The model is examined using a firm-level panel data containing administrative information on income statement and balance sheet provided by the National Tax Service of South Korea. Evidence suggests that outsourcing firms tend to have (i) higher bargaining power against employees, (ii) a larger fixed cost of bargaining failure, and (iii) match surplus more responsive to the cost of purchases. These observed patterns are strong for large-sized firms with 300 or more employees.

Financial Statement Design at Aura Taylor Business in Talaud Islands Regency

This research aims to apply the Financial Accounting Standards for Micro, Small, and Medium Enterprises (SAK EMKM) and design financial statements for the Aura Taylor business using accounting software, specifically Microsoft Excel. The research utilizes a descriptive qualitative method, providing solutions regarding the use of Microsoft Excel software in preparing financial statements. The main instrument is the researchers themselves, with additional instruments including interview sheets and transaction documentation from the Aura Taylor business. This research shows that the entity has not yet applied the Financial Accounting Standards for Micro, Small, and Medium Enterprises. The financial recording process is still manual, consisting of cash receipts and cash disbursement records. The design of Aura Taylor's financial statements is created using functions, formulas, and menus in Microsoft Excel, forming a system comprising menus and submenus. The submenus include chart of accounts, general journal, ledger, worksheet, and financial statements which consist of the statement of financial position, income statement, and notes to the financial statements.

ANALISIS LAPORAN KEUANGAN UNTUK MENGUKUR KESEHATAN KOPERASI MENURUT PERATURAN DEPUTI BIDANG PENGAWASAN KEMENTRIAN KOPERASI DAN USAHA KECIL DAN MENENGAH NOMOR 06/Per/Dep.6/IV/2016 PADA KOPERASI GURU BINA MANDIRI

This study analyzes the financial statements and health level of the Guru Bina Mandiri savings and loan cooperative. This research uses ex post facto methods. Data is obtained through financial statement documents such as balance sheets, income statements (SHU), and income statements. The indicators used to assess the health of cooperatives refer to the Regulation of the Deputy for Supervision of the Ministry of Cooperatives and Small and Medium Enterprises number 06 / Per / Dep.6 / IV / 2016. In this study, the results obtained for the 2023 Bina Mandiri Teacher Cooperative got a score of 42.45 at <51.00 with the predicate in special supervision.

A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition

International accounting standards require, in particular the impairment of (36) asset value standard No (31), re- evaluation of assets to display the value of fair value as the replacement value at the end of the period or fiscal year of the disclosure of assets, real value, the represent philosophy of accounting to relevant of different models to call the fair values, especially in case of using methodology - based pricing capital asset model. The researcher presented a model for measuring the impairment of the book value of assets form, which contributes to the measurement of accuracy of the fixed measurement of accounting income and taxable income help guide the preparation of financial statements in the presentation of fixed assets as fast as they converge with the fact that revenue and economic benefits of the asset in the financial period is ending. Because the accounting incases always different on taxable income for the application of the income tax act, although the act, to impose tax in net profit, which present the income statement prepared in accordance with the Egyptian accounting standards, but on grounds of maintaining the public revenues of ministerial decisions were issued contrary to that application and became the standard (31) can’t be applied when determining the tax base. Which led to a loss in its submission for income tax, which is a clear challenge, there is no application of some financial standards, which is what the researcher tried to show. He presented it to determine the tax impact of not applying the standard.

REFLECTIONS OF TFRS 16 LEASES STANDARD ON FINANCIAL STATEMENTS APPLICATIONS ON AIRLINE COMPANIES

This study aims to identify reflections of Turkish Financial Report 16 Leases Standard (TFRS 16) on financial statements of two airlines companies. In other words, it was tried to identify changes resulting from TFRS 16 in the study. In the study, quantitative and qualitative analysis methods were used. While quantitative method is ratio analysis, qualitative method is document analysis. To perform the ratio analysis, various assumptions were used. For example, it was assumed floating interest rate was out of the question for lease payments. To perform the analyses, information was obtained from company reports. Prior to performing the ratio analysis, the balance sheets and comprehensive income statements of two prominent airlines in Turkey for the year 2017. Specifically, it focused on converting off-balance sheet liabilities associated with operational leases into capitalised amounts. Based on results of the analyses, it was determined that due to TFRS 16. Based on the TFRS 16, the revised balance sheets show no change in current assets. Non-current assets, current liabilities, and non-current liabilities have all experienced a growth, but equity has decreased. There has been a decline in the cost of sales. This condition has resulted in a rise in gross profit.

Analisis Penggunaan Model Zmijewski (X-Score) dan Altman (Z-Score) untuk Memprediksi Potensi Kebangkrutan pada PT Waskita Karya Persero Tbk

This study aims to predict the potential bankruptcy of PT Waskita Karya Persero Tbk. Quantitative descriptive research type. The population used is the financial statements of PT Waskita Karya Persero Tbk with a sample of financial position reports and income statements from 2018-2023. Research data collection was carried out using documentation and literature studies. The analysis technique is the Zmijewski model (X-Score) with the three ratios, namely return on assets, debt ratio, current ratio and Altman model (Z-Score) with four ratios, namely the ratio of working capital to total assets, retained earnings to total assets, earning before interest and taxes to taotal assets, book value of equity to book value of debt. The research results of the Zmijewski model (X-Score) show that PT Waskita Karya Persero Tbk in 2018 is predicted to be a healthy company because the X-Score value is below the value of 0, in 2019-2023 it is predicted that the company has the potential fo bankruptcy because the X-Score value is above the value of 0. Meanwhile the Altman (X-Score) model shows that PT Waskita Karya Persero Tbk in 2018 is in gray zone because the Z-Score value is between 1.1 and 2.60, in 2019-2023 it is ini the danger zone because the Z-Score value is below the value of 1.1.