Statement Of Financial Position Research Articles

ANALISIS TINGKAT KESEHATAN BANK DENGAN MENGGUNAKAN METODE RGEC (RISK, PROFILE, GOOD CORPORATE GOVERNANCE, EARNING, AND CAPITAL) PADA PT. BANK PERMATA Tbk. PERIODE 2019-2021

The purpose was to find out the soundness of the bank PT Bank Permata Tbk for the period 2019-2021 using the RGEC method. The population is the financial statements of PT Bank Permata Tbk and the samples are the statement of financial position (balance sheet), income statement, and notes to the financial statements of PT Bank Permata Tbk for the 2019-2021 period. The type of data used is quantitative data with secondary data, using data collection techniques, namely documentation techniques through the website of Bank Permata. The data processing technique used is a descriptive technique using the RGEC method. Based on the results of data processing, it can be concluded that PT Bank Permata Tbk in 2019 to 2021 obtained a composite rating (PK) 1 in the very healthy category. This reflects the condition of the bank which is generally very healthy, so it is considered very capable of dealing with significant negative influences and changes in business conditions and other external factors.

Akuntansi Keuangan Masjid dalam Meningkatkan Kesejahteraan Jama’ah di Masjid Al-Yaqin Kabupaten Sukabumi

Mosque Financial Accounting ideally uses accounting standards for use in statements of financial position at the end of the period, statements of profit and loss and other comprehensive income during the period, reports of changes in equity during the period, statements of cash flows, notes to financial statement. The purpose of this writing is to find out the general description of mosque management at Al-Yaqin Mosque, and to find out the implications of this management for professional mosque financial management. The purpose of this research is to find out the Management of Al-Yaqin Mosque. Based on data techniques processed descriptive research method with a qualitative approach. The results of this study reveal that the management of the mosque has been managed quite well with the sources of funds obtained by the Al-Yaqin Sukabumi mosque coming from infaq, alms, charity boxes, rice sales collected by the congregation and donors, so that the welfare of the congregation can be created. The financial management of the Al-Yaqin Mosque is presented very simply and refers to the financial reports of the mosque in general. Al-Yaqin Mosque has not implemented a financial management system according to Statement of Accounting Standards No. 1 (PSAK 1).

The Impact of Creative Accounting Methods on the Credibility of Financial Statements

This research aims to know the extent of the impact of creative accounting methods on the validity and credibility of financial statements (financial position statement, income statement, cash flow statement), and this is from the point of view of both the preparers of the financial statements and the beneficiaries of their services. To answer the research problem, we have relied on the investigative aspect on a questionnaire. It was directed to two samples (preparers of financial statements and their beneficiaries). 60 searchable questionnaires were distributed and retrieved for each of the two samples. In analyzing the questionnaire and testing the research hypotheses, we relied on the nonparametric mean difference test for the two independent samples (Mann-Whitney) or (U). The study found that, to a large extent, there are no statistically significant differences regarding the effect of creative accounting methods and the validity and credibility of financial statements from the point of view of financial statement preparers and the entities that benefit from their services. They agree that creative accounting has a significant impact on the validity and credibility of financial statements.

Analisis Penerapan Isak 35 Tentang Penyajian Laporan Keuangan Entitas Berorientasi Nonlaba Pada Yayasan

This sudy aims to analyze the report according to ISAK 35 and find out the obstacles to making ISAK 35 financial statements at the Islamic Education Foundation Al-Ikhlas Raudlatul Athfal "Al-Ikhlas" Sukabumi. This research uses a qualitative method with a descriptive approach. Based on the research, nonprofit organizations such as foundations, their financial reporting refers to ISAK 35 related to the presentation of a nonprofit-oriented entity's financial statements with 5 (five) components of financial statements which include the statement of financial position, statement of comprehensive income, statement of changes in net assets, statement of cash flows and notes to financial statements. After analyzing what happened to this foundation in 2022, it did not use ISAK 35 financial statements as a financial reporting standard. However, the financial statements made are only simple, namely only recording cash in and cash out. As well as the initial transactions that occur are recorded first even though there is no cash to be issued so that accounting records are included in cash-based records. At the end of the year the records will be recapitulated and become a financial report that records income and expenses and is set aside as the remaining operational money or as a determinant of cash in the treasury during one period. And the obstacles to the preparation of financial statements in accordance with ISAK 35 in this foundation in terms of human resources factors.

New Zealand Association of Scientists (Inc.) Statement of Financial Position

New Zealand Association of Scientists (Inc.) Statement of Financial Position

Фінансова звітність суб’єктів приватного сектору за національними та міжнародними стандартами: порівняльний аспект

The article is devoted to comparing the composition and structure of financial statement forms of private sector entities according to national and international standards. It examines the list of economic entities obliged to submit reports according to IFRS, along with the information that must be disclosed in providing financial statements. The set of financial statements under national and international standards are revised, comparing the provisions of national and international standards regarding the statement of financial position and the statement of comprehensive income.

Implementation of the Altman z-score model in predicting bankruptcy at PT. Garuda Indonesia, Tbk.

Research aims: This study aims to forecast Garuda Indonesia’s bankruptcy rate using the Altman Z-Score model analysis tool based on financial statement data for the 2012-2021 period.Design/Methodology/Approach: A quantitative description method was used, with data sources from the Garuda Indonesia website.Research findings: Based on the data analysis, Garuda Indonesia was in a "gray area" or financial difficulty in the overall observation year.Theoretical contribution/Originality: Since 2020, Garuda Indonesia has implemented a statement of financial accounting standards (PSAK 73) on lease regulations. According to Institute of Indonesia Chartered Accountants (IAI, 2022), the objective of PSAK 73 on leases is to determine the principles for recognizing, measuring, presenting, and disclosing leases and determine whether the lessee and lessor provide relevant data with a method that presents transactions appropriately. PSAK 73 on leases categorizes assets from finance leases designated as right-of-use assets as part of property, plant, and equipment and lease liabilities as part of long-term liabilities that appear in the statement of financial position. Following the Institute of Indonesia Chartered Accountants (2022), right-of-use assets describe the tenant's right to use assets granted by the lessor to the lessee during the lease term.Research limitation/Implication: This research has limitations since the reference sources only came from research journals conducted at manufacturing and service companies in Indonesia and researched by Indonesian researchers. The data studied was only for the last 10 years (2012-2021) and during that time the 2019 Covid pandemic occurred, resulting in a lockdown which caused the number of domestic and international flights to Indonesia to decrease drastically.

PENERAPAN ISAK 35 DALAM PENYUSUNAN LAPORAN KEUANGAN PADA ORGANISASI NONLABA

The mosque is an entity that is not oriented to seek profit, one of the important aspects in managing the mosque is the financial accountability report. IAI states that there are accounting standards that are specific to the recording and presentation of financial statements of non-profit entities to realize a good form of Accountability Report. The standard that regulates the financial reporting of non-profit entities is Financial Accounting Standard No. 35 (ISAK 35). With the implementation of ISAK 35 in the presentation of mosque financial statements, the public and interested parties will get information related to the performance of mosque administrators and treasurers. The object of this research is one of the AAAA Mosques in Sidoarjo Regency. Data were collected through a series of interviews and observations and literature. Until now, the AAAA Mosque in Sidoarjo only presents simple financial reports, namely cash in and cash out reports. This study aims to simulate the preparation of the AAAA Mosque's financial statements based on ISAK 35. The financial statements produced include the Statement of Financial Position, Statement of Comprehensive Income, Statement of Cash Flows and Notes to Financial Statements.

Impelementasi Sak Emkm Dalam Penyusunan Laporan Keuangan Menggunakan Accurate Accounting Pada UMKM Hakuna Matata

The number of small, micro and medium enterprises (MSMEs) in Indonesia has increased significantly, but only a few MSMEs have implemented an accounting system in their financial records. Hakuna Matata MSMEs still carry out accounting records manually through recording expenses and receipts so that the owner does not know the exact amount of inventory and profit or loss earned. Manual recording can cause recording errors and the risk of losing data. The method used by the author in this research is descriptive qualitative with the type of case study. The data obtained is processed and then implemented into accurate software. From this research it can be concluded that the application of accurate software in Hakuna Matata MSMEs will ensure the preparation of financial reports more quickly and accurately, MSMEs can also find out the company's profit or loss. Computerized sales and purchase transactions also make it easy to find out inventory stock. The application of financial statements in accordance with SAK EMKM presents financial statements consisting of three components, namely the Statement of financial position, Income Statement and notes to financial statements prepared based on financial reports from accurate software.

ANALISIS PENERAPAN AKUNTANSI BERDASARKAN ISAK 35 PADA KANTOR LEMBAGA BANTUAN HUKUM MAHARDIKA JAMBI

This study aims to apply accounting based on ISAK 35 at the office of the Mahardika Legal Aid Institute The concept of ISAK 35 allows non-profit oriented entities to adjust the description used by financial statements and the financial statements themselves include statements of financial position, comprehensive income statements, statements of changes in net assets, statements of cash flows, and notes to financial statements At the Mahardika Legal Aid Institute has not implemented or made reports to these financial statements. The purpose of this study is to find out how the presentation of financial statements at the Legal Aid Institute. The types of data used are primary data and secondary data. Data collection techniques are carried out using interview and documentation techniques. The data analysis method used is qualitative descriptive, which is a method that describes, describes, compares data and circumstances and explains a situation in such a way that a conclusion can be drawn. The research was conducted at the Mahardika Engineering Legal Aid Institute research.
 Based on the results of the analysis, the financial statements of the Mahardika Legal Aid Institute are not in accordance with ISAK 35 because the presentation of the financial statements of the Mahardika Legal Aid Institute still uses simple recording. The financial statements of the Mahardika Legal Aid Institute have not made a statement of financial position, comprehensive income statement, statement of changes in net assets, statement of cash flows, and notes to financial statements.

Analisis kinerja keuangan pada PT. XT

The company's strong financial performance is an attractive feature for investors. This research analyzes the financial performance of the company using ratio analysis and common size analysis. The financial ratios are used to evaluate the company's financial performance, while the common size approach is used to identify the reasons for changes in the profit and loss statement and financial position statement. The language used is clear, objective, and value-neutral, with a formal register and precise word choice. The text adheres to conventional structure and formatting features, with consistent citation and footnote style. The structure is logical and well-organized, with causal connections between statements. The text is free from grammatical errors, spelling mistakes, and punctuation errors. No changes in content have been made. Descriptive qualitative research that uses both quantitative and qualitative data. The research findings indicate good financial performance in terms of liquidity ratios and Gross Profit Margin (GPM), but not for Net Profit Margin (NPM). The solvency ratio is very good. The analysis utilizing the common size approach indicates an increase in the percentage of cash and cash equivalents, inventory, operational expenses, additional capital, and current debt, as well as a decrease in receivables and net profit from 2020-2022.

PERBANDINGAN PENGHINDARAN PAJAK, PROFITABILITAS, SOLVABILITAS, DAN LIKUIDITAS PADA PERUSAHAAN SEKTOR CONSUMER NON-CYCLICALS SEBELUM DAN SELAMA PANDEMI COVID-19

Tax avoidance refers to measures of tax deduction received by the government. Financial ratios are utilized in analyzing and monitoring company performance through the company’s income statement and statement of financial position. This research has a purpose to discern whether tax avoidance, profitability, solvability, and liquidity were different before and during the COVID-19 pandemic. Using the judgment sampling, 37 consumer non-cyclicals sector companies listed in Indonesia Stock Exchange were obtained during the period 2018 to 2021. The sample in this research is considered normally distributed based on the Central Limit Theorem theory due to the number of samples exceeds 30. The Paired-Samples T-Test indicates that tax avoidance has a significance probability < 0.05, meanwhile profitability, solvability, and liquidity have a significance probability > 0.05. This research concluded that differences are present in tax avoidance between before and during the COVID-19 pandemic. In addition, differences are not present in profitability, solvability, and liquidity between before and during the COVID-19 pandemic

Improving the Accounting of Current Assets in Accordance With International Financial Reporting Standards

This article interprets the key points of the international Financial reporting standard N 2 and discusses the issues of its practical application. In order to make it better understandable to the reader, examples are given on disclosing the essence of inventories, determining the cost of finished products, goods and work in progress, estimating inventories, net selling price and inventory impairment. Their impact on the company's financial statements is also reflected in the form of an excerpt from the statement of financial position and the income statement.

The effect of cloud computing on the quality of financial statements: The mediating role of internal control system

The study aimed to evaluate how cloud technology implementation would affect Jordanian industrial businesses' financial statements' integrity across a range of variables (financial condition, income, cash flow, owners' equity). The investigation involved employees from financial and internal audit departments, including various job titles. A random sample of 150 questionnaires was distributed among the study population, with a 96% response rate (145 retrieved). Respondents were scored using a Likert five-point scale on the 44-paragraph questionnaire. To accomplish its goals, the study used a descriptive-analytical methodology and statistical techniques such as path analysis (using AMOS) and simple linear regression analysis (using SPSS). According to the study, the implementation of cloud accounting has a statistically significant effect on the quality of financial statements by Dimension (statement of financial position, income statement, statement of cash flows, and list of equity), according to the study. Applying cloud accounting has a statistically significant effect on the internal control system, and the internal control system has a statistically significant impact on the accuracy of financial statements. Furthermore, cloud accounting has a statistically significant impact on the quality of financial statements in Jordanian industrial companies through the internal control system as an intermediate variable. The study made several recommendations in light of the earlier findings, the most significant of which are: determining the internal control system's current state both before and after cloud accounting was implemented; creating and executing a robust internal control system compliant with international accounting standards; and assessing the suitability of cloud accounting solutions through thorough evaluations. The report also emphasized how crucial it is to set up ongoing audit and internal control systems to evaluate how well the internal control and cloud accounting systems are working together.

지방자치단체 재무회계정보의 신뢰성이 나아지고 있는가?

It has been 16 years since financial accounting for local governments using accrual based double-entry bookkeeping was introduced. The purpose of this study is to verify whether the reliability of financial statement information of local governments is improving by using Benford's Law. The reliability of the numbers was estimated by comparing the distribution of the first digit of the assets and liabilities with the Benford distribution. As a result of the analysis, it is confirmed that the assets and liabilities for the past 16 years did not follow the Benford distribution as the MAD test result value and the KS statistic exceeded the critical value. Assets and assets in each statement of financial position for the first 8 years of the introduction of the accrual-based double-entry bookkeeping system and for the first 8 years after financial statements began to be included as mandatory documents in the settlement of accounts of local governments. Liabilities figures still does not follow the Benford distribution. We suggest that there is a need to move from a simple review system to an audit system for local governments' financial statements.

Strategi Laporan Keuangan Dalam Memperoleh Opini Wajar Tanpa Pengecualian (WTP) Di Baznas Kabupaten Jember Tahun 2021

BAZNAS Jember has just undergone an audit process for the first time and its financial statements are relatively new. However, the audit has achieved excellent results by obtaining evidence of WTP opinion from the public accounting firm. This success gives confidence to the public that the management of zakat in BAZNAS Jember is running well and can be trusted. The purpose of this research focuses on the scope, namely how the Financial Report Strategy in Obtaining an Unqualified Opinion (WTP) at BAZNAS Jember Regency in 2021 and how the BAZNAS Jember Financial Report Form in 2021. This research uses a qualitative approach with descriptive research. In determining informants, researchers used purposive techniques. While data collection techniques using observation, interviews, and documentation. The results of this study are first, BAZNAS Jember has a strategy in preparing its financial statements with the aim of obtaining WTP opinion. This strategy involves three stages, namely planning, implementation, and evaluation, which are carried out to ensure the quality and accuracy of the financial statements prepared. Second, BAZNAS Jember's financial statements in 2021 were prepared using PSAK No. 109 financial standards, which consist of five main parts, namely the statement of financial position, statement of changes in funds, statement of changes in assets under management, statement of cash flows, and notes to the financial statements.

ACCOUNTING ASSISTANCE FOR MASJID AL IJABAH KAV TANAH BARU DEPOK

This service aims to analyze the problems of the mosque's financial system, design a mosque's financial accounting design that is in line with the socio-cultural conditions of the local community while still in accordance with applicable accounting standards, as well as implementing and assisting with the application of the mosque's accounting system. The approach used is Community Development Practice which was adapted from Vincent II, J.W. Jack is one of the approaches taken with community development which is directed at increasing access in order to achieve better conditions. The results of the mentoring resulted in two things, namely the mosque entity being able to identify mosque assets which so far have not been inventoried. The second mosque entity can produce financial statements of non-profit entities including statements of financial position, activity reports, and cash flow reports that can be accessed by stakeholders.

Implementation of PSAK 73: Study of Financial Ratios of PT Aneka Tambang, Tbk

This research aims to analyze changes in PSAK regarding rent, which affects financial performance at PT Aneka Tambang Tbk. Implementing PSAK 73 requires lessees to classify operating leases into finance leases except for short-term leases and assets with a low basis. Lessees with future operating lease commitments must capitalize the lease assets and liabilities. Lease capitalization causes assets and liabilities to increase and equity to decrease in the statement of financial position while net profit in the comprehensive income statement increases. This is because the expenses that arise from the capitalization of rent, namely depreciation and interest expenses, are smaller than the rent expenses written off. The quantitative descriptive research uses secondary data sources in the form of PT Aneka Tambang Tbk's financial reports in 2019 before changes to the PSAK Lease and in 2020 after changes to PSAK. The research results show that changes to PSAK impact the company's financial performance as assessed by financial ratios.

Measuring the Financial Pulse: A Statistical Analysis of Working Capital and Insolvency Risk in 21st Century Manufacturing SMEs

This paper aims to investigate the analysis and relationship between working capital and the risk of corporate insolvency. It adopts a quantitative approach and is based on the review of the statements of financial position presented in the SUPERCIAS database, covering a set of 112 SMEs that have maintained their constancy during the period 2017 to 2020. Data collection was carried out from secondary sources, using an observation sheet as a means of recording. Various statistical techniques were applied in the analysis, including a descriptive analysis and Spearman's Rho correlation, in addition, Ecotrim software was used to predict into the future over a period of 12 quarterly observations (3 years) and also time series through the ARIMA model, which facilitated the construction and development of four ARIMA projection models of the two variables as a function of size to obtain a better time series model such as SARIMA in order to identify the most appropriate size and year to make future predictions with greater accuracy. The results reflected how companies by size (small and medium) experienced changes throughout the study period. In addition, in the years 2019 and 2020, the working capital and insolvency risk variables were impacted due to the pandemic in this sector, resulting in a deterioration of their values. Both working capital and insolvency risk showed a moderately negative correlation. It was also concluded that medium-sized companies are the most suitable for forecasting.

Generation of financial position statements by Syrian companies in the context of hyperinflation. Part 2

Subject. This article examines inflation, its impact on the statements of financial position of companies of the Syrian Arab Republic, and the adjustment of their data 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 study the effects of inflation on Syrian companies, identify and solve the problems of compiling the Statement of Financial Position. Methods. For the study, I used observation, comparison, generalization, and interpretation. Scientific works and publications of scientists dealing with inflation and its impact on financial reporting, 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 describes the impact of inflation on the financial position of Syrian companies, and discusses the method of adjusting the financial statements of Syrian companies in the conditions of hyperinflation. It also compares the reporting data with indicators calculated on the basis of historical information. Conclusions and Relevance. The article confirms the hypothesis about the positive impact of the adoption of IAS 29 on the Statement of Financial Position preparation. If companies operate in an economy prone to hyperinflation, the applicability of IAS 29 is justified, moreover, this Standard will help improve the reliability of information presentation for making management decisions.