This study aimed to provide empirical evidence whether the size of the company, inventory intensi... more This study aimed to provide empirical evidence whether the size of the company, inventory intensity, variability cost of sales, and accounting earnings variability influence the choice of inventory valuation methods. The object of this research was manufacturing companies listed in Indonesia Stock Exchange in the period 2005-2009. Thirty nine samples in this study were taken by several criteria. Statistical analysis tool used in this research was logistic regression with a significance level of 5%. From the tests result, it was obtained that either partially or simultaneously, company size, intensity of inventory, price variability of goods sold, and income variability have a significance level above 5%. This shows that these variables did not significantly influence the selection method of inventory valuation. ABSTRAK Penelitian ini bertujuan untuk memberikan bukti empiris apakah ukuran perusahaan, intensitas persediaan,variabilitas biaya penjualan, dan akuntansi yang mempengaruhi penghasilan variabilitas pilihan metode penilaian persediaan.Objek penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada periode 2005-2009. Tiga puluh sembilan sampel dalam penelitian ini diambil oleh beberapa kriteria. Alat analisis statistik yang digunakan dalam penelitian ini adalah regresi logistik dengan tingkat signifikansi 5%. Tes menggunakan SPSS for Windows versi 17.00. Dari hasil pengujian, diperoleh bahwa baik secara parsial maupun simultan, ukuran perusahaan, intensitas persediaan, variabilitas harga pokok penjualan, dan variabilitas pendapatan memiliki tingkat signifikansi di atas 5%. Hal ini menunjukkan bahwa variabel-variabel ini tidak signifikan mempengaruhi pemilihan metode penilaian persediaan. Kata kunci: ukuran perusahaan, intensitas persediaan, variabilitas biaya penjualan, laba akuntansi variabilitas PENDAHULUAN Laporan keuangan merupakan suatu ringkasan atas transaksi-transaksi yang terjadi pada perusahaan. Laporan ini sangat berguna bagi para pemakai laporan keuangan seperti investor, karena dapat dijadikan sebagai acuan dalam menentukan kebijakan investasi yang akan diambil.
This research studied the effectiveness the accounting method of inventory, i/e. FIFO and average... more This research studied the effectiveness the accounting method of inventory, i/e. FIFO and average, which had a bigger tendency to represent the company's market value. The samples were 51 manufacturing companies listed on Jakarta Stock Exchange in the period of [2003][2004][2005]. The hypothesis tests applied on this research were the discrimination approach and discerning approach method.
The research purpose is to analyze the selection of inventory accounting methods and the factors ... more The research purpose is to analyze the selection of inventory accounting methods and the factors that influence decision making accounting methods to be used. The research examines seven independent variables, namely the variability of inventory, company size, leverage, gross margin and current ratio, inventory intensity and variability of cost of goods sold. While the dependent variable in this study is the FIFO and average methods.
This research studies factors influencing the practices of income smoothing in manufacturing and ... more This research studies factors influencing the practices of income smoothing in manufacturing and financial firms listed on the Indonesian Stock Exchange during 2002-2006. Eckel Index is used to measure the income smoothing, while companies sizes are measured by total assets. Profitability is measured by ratio of before tax net profit to total assets, financial leverage is measured by debt to total assets ratio, and dividend pay out ratio by comparing dividend per share with earnings per share. Research population includes all manufacturing and financial firms listed on the Indonesian Stock Exchange from 2002 to 2006. Sample consists of 84 firms. Data are analyzed using multiple linear regressions with results that company size, profitability, and dividend pay out ratio have positive and significant impact on income smoothing practices. Financial leverage is the only factor that does not affect income smoothing practices. Keywords: company size, profitability, financial leverage, dividend pay out ratio, income smoothing I. PENDAHULUAN Laporan keuangan merupakan sarana utama untuk memperoleh informasi keuangan yang dikomunikasikan kepada pihak-pihak yang berkepentingan dalam mengambil keputusan ekonomi. Salah satu informasi yang sangat penting untuk pengambilan keputusan adalah laba. Pentingnya informasi laba ini disadari oleh manajemen sehingga manajemen cenderung
In this paper, we describe the four main groups comprising the most widely used company valuation... more In this paper, we describe the four main groups comprising the most widely used company valuation methods: balance sheet-based methods, income statement-based methods, mixed methods, and cash flow discounting-based methods. The methods that are conceptually "correct" are those based on cash flow discounting. We will briefly comment on other methods since -even though they are conceptually "incorrect"they continue to be used frequently.
Persediaan merupakan salah satu komponen aset yang sangat penting bagi perusahaan manufaktur, kar... more Persediaan merupakan salah satu komponen aset yang sangat penting bagi perusahaan manufaktur, karena diperlukan dalam proses pembuatan barang jadi yang akan dijual kepada konsumen dan pada akhirnya jumlah penjualan tersebut diperlukan untuk menghitung laba perusahaan. Kenaikan harga-harga barang yang terjadi beberapa tahun terakhir ini berdampak langsung terhadap penentuan nilai persediaan.
The result on discrimination approach and discerning approach shows that average inventory accoun... more The result on discrimination approach and discerning approach shows that average inventory accounting method implementation on financial statement more effect to market value of the firms than FIFO inventory accounting method.
With the pending US adoption of International Financial Reporting Standards (IFRS) and the potent... more With the pending US adoption of International Financial Reporting Standards (IFRS) and the potential elimination of last-in-first-out (LIFO) as an accepted inventory valuation method, the use of LIFO is receiving renewed attention in the financial community. This study examines accounting distortions created by the use of LIFO inventory valuation and the materiality of these distortions on liquidity measurements. Our sample consists of three-hundred-five active publicly traded US Companies with a positive LIFO reserve. We measure the materiality of LIFO balance sheet distortions relative to net assets, inventory turnover, total working capital, and current ratio. We conclude that the use of LIFO inventory valuation generates significant balance sheet distortions across a broad spectrum of company sizes and industries. These distortions, and the related comparability problems they create, provide evidence that, at least for this aspect of generally accepted accounting principles, IFRS provides a more transparent reporting model for users of financial statement information.
This study aimed to provide empirical evidence whether the size of the company, inventory intensi... more This study aimed to provide empirical evidence whether the size of the company, inventory intensity, variability cost of sales, and accounting earnings variability influence the choice of inventory valuation methods. The object of this research was manufacturing companies listed in Indonesia Stock Exchange in the period 2005-2009. Thirty nine samples in this study were taken by several criteria. Statistical analysis tool used in this research was logistic regression with a significance level of 5%. From the tests result, it was obtained that either partially or simultaneously, company size, intensity of inventory, price variability of goods sold, and income variability have a significance level above 5%. This shows that these variables did not significantly influence the selection method of inventory valuation. ABSTRAK Penelitian ini bertujuan untuk memberikan bukti empiris apakah ukuran perusahaan, intensitas persediaan,variabilitas biaya penjualan, dan akuntansi yang mempengaruhi penghasilan variabilitas pilihan metode penilaian persediaan.Objek penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada periode 2005-2009. Tiga puluh sembilan sampel dalam penelitian ini diambil oleh beberapa kriteria. Alat analisis statistik yang digunakan dalam penelitian ini adalah regresi logistik dengan tingkat signifikansi 5%. Tes menggunakan SPSS for Windows versi 17.00. Dari hasil pengujian, diperoleh bahwa baik secara parsial maupun simultan, ukuran perusahaan, intensitas persediaan, variabilitas harga pokok penjualan, dan variabilitas pendapatan memiliki tingkat signifikansi di atas 5%. Hal ini menunjukkan bahwa variabel-variabel ini tidak signifikan mempengaruhi pemilihan metode penilaian persediaan. Kata kunci: ukuran perusahaan, intensitas persediaan, variabilitas biaya penjualan, laba akuntansi variabilitas PENDAHULUAN Laporan keuangan merupakan suatu ringkasan atas transaksi-transaksi yang terjadi pada perusahaan. Laporan ini sangat berguna bagi para pemakai laporan keuangan seperti investor, karena dapat dijadikan sebagai acuan dalam menentukan kebijakan investasi yang akan diambil.
This research studied the effectiveness the accounting method of inventory, i/e. FIFO and average... more This research studied the effectiveness the accounting method of inventory, i/e. FIFO and average, which had a bigger tendency to represent the company's market value. The samples were 51 manufacturing companies listed on Jakarta Stock Exchange in the period of [2003][2004][2005]. The hypothesis tests applied on this research were the discrimination approach and discerning approach method.
The research purpose is to analyze the selection of inventory accounting methods and the factors ... more The research purpose is to analyze the selection of inventory accounting methods and the factors that influence decision making accounting methods to be used. The research examines seven independent variables, namely the variability of inventory, company size, leverage, gross margin and current ratio, inventory intensity and variability of cost of goods sold. While the dependent variable in this study is the FIFO and average methods.
This research studies factors influencing the practices of income smoothing in manufacturing and ... more This research studies factors influencing the practices of income smoothing in manufacturing and financial firms listed on the Indonesian Stock Exchange during 2002-2006. Eckel Index is used to measure the income smoothing, while companies sizes are measured by total assets. Profitability is measured by ratio of before tax net profit to total assets, financial leverage is measured by debt to total assets ratio, and dividend pay out ratio by comparing dividend per share with earnings per share. Research population includes all manufacturing and financial firms listed on the Indonesian Stock Exchange from 2002 to 2006. Sample consists of 84 firms. Data are analyzed using multiple linear regressions with results that company size, profitability, and dividend pay out ratio have positive and significant impact on income smoothing practices. Financial leverage is the only factor that does not affect income smoothing practices. Keywords: company size, profitability, financial leverage, dividend pay out ratio, income smoothing I. PENDAHULUAN Laporan keuangan merupakan sarana utama untuk memperoleh informasi keuangan yang dikomunikasikan kepada pihak-pihak yang berkepentingan dalam mengambil keputusan ekonomi. Salah satu informasi yang sangat penting untuk pengambilan keputusan adalah laba. Pentingnya informasi laba ini disadari oleh manajemen sehingga manajemen cenderung
In this paper, we describe the four main groups comprising the most widely used company valuation... more In this paper, we describe the four main groups comprising the most widely used company valuation methods: balance sheet-based methods, income statement-based methods, mixed methods, and cash flow discounting-based methods. The methods that are conceptually "correct" are those based on cash flow discounting. We will briefly comment on other methods since -even though they are conceptually "incorrect"they continue to be used frequently.
Persediaan merupakan salah satu komponen aset yang sangat penting bagi perusahaan manufaktur, kar... more Persediaan merupakan salah satu komponen aset yang sangat penting bagi perusahaan manufaktur, karena diperlukan dalam proses pembuatan barang jadi yang akan dijual kepada konsumen dan pada akhirnya jumlah penjualan tersebut diperlukan untuk menghitung laba perusahaan. Kenaikan harga-harga barang yang terjadi beberapa tahun terakhir ini berdampak langsung terhadap penentuan nilai persediaan.
The result on discrimination approach and discerning approach shows that average inventory accoun... more The result on discrimination approach and discerning approach shows that average inventory accounting method implementation on financial statement more effect to market value of the firms than FIFO inventory accounting method.
With the pending US adoption of International Financial Reporting Standards (IFRS) and the potent... more With the pending US adoption of International Financial Reporting Standards (IFRS) and the potential elimination of last-in-first-out (LIFO) as an accepted inventory valuation method, the use of LIFO is receiving renewed attention in the financial community. This study examines accounting distortions created by the use of LIFO inventory valuation and the materiality of these distortions on liquidity measurements. Our sample consists of three-hundred-five active publicly traded US Companies with a positive LIFO reserve. We measure the materiality of LIFO balance sheet distortions relative to net assets, inventory turnover, total working capital, and current ratio. We conclude that the use of LIFO inventory valuation generates significant balance sheet distortions across a broad spectrum of company sizes and industries. These distortions, and the related comparability problems they create, provide evidence that, at least for this aspect of generally accepted accounting principles, IFRS provides a more transparent reporting model for users of financial statement information.
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