Journal of Applied Finance and Accounting

ANALYSIS OF CAPITAL MARKET REACTION BEFORE AND AFTER SUSTAINABILITY REPORTING AWARD

Thu, 07 Dec 2023 00:00:00 +0000

The attention of investors and potential investors to environmental and economic reporting social issues is increasing along with the number of environmental cases that occur in Indonesia. Companies that win the Indonesia Sustainability Reporting Award will boost the company's image in the eyes of the public because it has won an award which prioritizes harmony between economic, social and environmental aspects. The purpose of this study was to analyze the reaction of the capital market before COVID-19 in companies that Achieved the Sustainability Reporting Award around the announcement date Sustainability Reporting Award in 2015-2019 (the period before COVID-19), measured using abnormal return and trading volume activity. This study will provide data and information regarding the capital market reaction period before covid 19 which it will use for further research related to the efficiency capital market hypothesis. The period that is used in this research is D-5 (before the announcement) and D + 5 (after the announcement). This study used the data from Yahoo Finance Secondary, such as adjusted closing stock price and closing price of JCI. Samples were selected by purposive sampling method so that the samples Obtained were 53 companies. The analytical method used in this observation is a paired sample t-test using SPSS 20 software. The results of this study indicate that there are no significant differences in abnormal return and trading volume activity between the period prior and the period after the announcement.

AN EVALUATION OF ACCOUNTING INFORMATION SYSTEM AND DEVELOPMENT OF FINANCIAL QUATERLY REPORT (FQR) REPORTING PROCESS

Hery Harjono Muljo, Wulandari Wulandari, Noerlina Noerlina — Thu, 07 Dec 2023 00:00:00 +0000

This study aims to evaluate the results of the implementation of an Accounting Information System (AIS) which has been implemented by a consulting firm, focusing on the reporting processes at a Joint Venture company named Blue Water. Blue Water is an oil and gas exploration company. The evaluation method used is a Fit/Gap Analysis. The evaluation is only performed for the exploration and development stage of petroleum operations. From the results of the Fit/Gap Analysis, a gap in meeting the reporting requirements of the Indonesian Host Government (HG) was identified. Specifically, the HG requires that oil and gas contracting companies submit FQR to the Special Taskforce for Upstream Oil and Gas Business Activities, named SKK Migas. To overcome this gap, the author has constructed a business intelligence platform which extracts information from the AIS into a data model and enables reporting in the format required by the FQR. The data model also includes information which is outside the AIS. The data model is updated automatically with real-time information; it uses a powerful formula language for the analytics and uses the familiar user interface of Microsoft Excel.

THE EFFECT OF THE COVID-19 PANDEMIC ON THE PERFORMANCE AND STABILITY OF COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2018 – 2021 (DIFFERENT TEST)

Aldrin Yoga Pratama, Lidiyawati Arifin — Thu, 07 Dec 2023 00:00:00 +0000

The purpose of this study is to analyse the effect of the COVID-19 pandemic on the financial performance and stability of banking companies listed on the Indonesia Stock Exchange. The objects of research are banking companies listed on the Indonesia Stock Exchange in the period 2018 – 2021, which have experienced the impact of the pandemic, and publish their financial reports yearly. There are 46 sample data selected, through a purposive sampling technique with various criteria that have been determined, which are proxied by CAMELS analysis, according to Bank Indonesia regulations, and using secondary data as data tabulation. Model testing was carried out through the Wilcoxon Difference Test. The results showed that there was a significant difference in the average CAMELS value of 46 banking companies during the Covid-19 Pandemic, compared to before the pandemic. This finding implies many banking stakeholders in terms of maintaining their performance and enhancement of financial stability during negative shock events such as the COVID-19 pandemic.

THE DETERMINANTS OF A SUCCESSFUL IMPLEMENTATION OF E-RETRIBUTION PAYMENT SYSTEM: EVIDENCE FROM SLIPI MARKET OF JAKARTA

Ilham Condro Prabowo, Syafa Kamilla Marwah — Thu, 07 Dec 2023 00:00:00 +0000

Payment of market retribution using E-Retribution makes it easier for traders in the market to settle their obligations. This study aims to determine the factors that influence the success of implementing E-Retribution using the Delone & Mclean IS Success Model. The present study used primary data using a questionnaire. Respondents to this study were 96 traders who used E-Retribution at Slipi Market, West Jakarta, by selecting using a purposive sampling method. The data analysis method used is PLS-SEM. The findings demonstrated that system, information, and service quality substantially impacted user satisfaction. However, system quality did not impact use, but the information and service quality significantly impacted use. After then, net benefits were significantly impacted by both use and user satisfaction.

THE CONCEPT OF AN ENTITY IN AN EFFORT TO SUPPORT INTERNAL CONTROL IN MSME KUNCI SOROT IN JEMBER

Olivia Falen Pramono, Dedy Wijaya Kusuma, Mainatul Ilmi — Thu, 07 Dec 2023 00:00:00 +0000

MSME Kunci Sorot is engaged in the film industry in Jember. The business he owns is leasing equipment needed for shooting and filmmaking. MSME Kunci Sorot are also MSMEs that have large assets by MSME standards. This causes internal control to be needed to maintain the assets owned. The research objectives are (1) an analysis of the implementation of the entity concept in the MSME Kunci Sorot and (2) an analysis of internal control in the MSME Kunci Sorot. The research method used is descriptive qualitative and uses a case study approach. The sampling technique used snowball sampling. The result of this research is that MSME Kunci Sorot still needs to fully implement the entity concept. The entity concept applied in the MSME Kunci Sorot is still very simple to record. The entity concept that has not been implemented optimally causes the applied internal control to have many weaknesses. The results of the study indicate that internal control is needed in maintaining assets owned and facilitating daily operational processes. MSMEs that tend to be simple still need internal control so that operational processes are efficient and effective.

THE EFFECT OF THE SIZE OF PUBLIC ACCOUNTING FIRM, PREVIOUS YEAR’S AUDIT OPINION, FINANCIAL DISTRESS, AND THE COMPANY GROWTH ONGOING CONCERN AUDIT OPINION

Nada Ayuanda, Aurellia Deninta Wijaya — Thu, 07 Dec 2023 00:00:00 +0000

The audit opinion has a crucial function and obligation in achieving reliable financial reports since the information used has to be accurate and dependable. This study aims to ascertain the impact of several variables on the reliability of going concern audit views, including the size of public accounting firm, previous year’s audit opinion, financial distress, and company growth. Samples used in this study include manufacturing companies and Public Accounting Firms that audited the enterprises. A purposive sampling method was used to collect secondary data for this study by looking at the independent auditor's report on the websites of the Indonesian Stock Exchange and idnfinancials.com. The data analysis method uses logistic regression using SPSS 25.0 software. According to the study's findings, going concern audit opinions are not significantly influenced by the size of the public accounting firm and company growth. Furthermore, study findings show that previous year’s audit opinion and financial distress have a significant influence on the going concern audit opinion.

Editorial Page and Table of Content

Toto Rusmanto — Thu, 07 Dec 2023 00:00:00 +0000