Real Option Analysis (ROA)

Net Present Value (NPV) method have populer since middle 70\u27s and now most of expert felt that method has several limitation, especially if used to analyse big scale investment alocation capital. Another method that begin to popular is Real Option Analysis (ROA) that use to replace Net Present Value (NPV) method. The strenght of Real Option Analysis (ROA) method is the flexiblelity in giving information for the decision maker. The weakness of Real Option Analysis (ROA) method is the simple mathematic formula, as the formula in NPV method, is not found yet

Faktor-Faktor yang Mempengaruhi Praktik Perataan Laba pada Emiten dalam Industri Manufaktur dan Indeks LQ45 yang Terdaftar di Bursa Efek Indonesia Periode 2006-2008

The purpose of this research was to test factors that influence income smoothing in manufacture industry which listed in Indonesia Stock Exchange (BEI) and in companies registered in LQ45 index. Factors would be tested were company size, profitability, financial risk, and public ownership structure. Number of sample was 74 companies consist of 65 manufactures and 9 other registered in LQ45 respectively. Sample selection conducted using purposive sampling method. The criteria's were the companies should been listed from year 2006 until 2008, never reporting net loss, complete data, reporting currency was IDR, did not involve in any merger nor acquit ion, and consistently registered in LQ45 index during observation. To identify the company that conduct income smoothing we using Eckel Index. Hypothesis would be tested using binary logistic regression. The results showed that company size had significant influence toward income smoothing, however profitability, profitability, financial risk, and public ownership structure had not significant influence toward income smoothing

Perbandingan Kode Etik Profesi Akuntansi di Indonesia

This research aimed to review of the code of conduct of the three professional organizations, namely: Institute of Indonesia Chartered Accountants (IAI), the Indonesian Institute of Accountants (IAPI), and the Association of Internal Auditors Government of Indonesia (AAIPI). Research method was literatur review using primary data. The review proves that all three have a common code of conduct in terms of the basic principles of ethics which is related to the integrity, objectivity, confidentiality, competence and Professional Conduct. All of three code of ethics also have differences in terms of the code of conduct related to the seniority of members and Conflict of Interest. The differences are due to the background of the members of their respective professional organizations. IAI has the most inclusive membership than IAPI and AAIPI. AAIPI is the most exclusive organization compared with IAPI and IAI. Recommendations are given, among others, for IAPI and AAIPI to consider a code of conduct specifically intended for "Senior Member" as set out in the code of conduct IAI for the "Senior Professional Accountants". Keywords: Conflict of Interest, Integrity, Objectivity, Secrecy, Competency

Perbandingan Perlakuan Akuntansi Kredit Menurut PSAK 55, PSAK 71, dan Basel pada Bank Umum

Cadangan Kecukupan Penurunan Nilai (CKPN) adalah salah satu akun pada Laporan Keuangan Bank Umum yang paling banyak mendapat perhatian. Akun ini beserta pengungkapannya memberi informasi berkenaan dengan keberlanjutan usaha suatu Bank. Pembentukan dan Penyajian CKPN tunduk pada ketentuan Regulator (Basel) dan PSAK 71 Instrumen Keuangan. PSAK 71 resmi menggantikan PSAK 55 yang selama ini menjadi rujukan Bank dalam pembentukan CKPN. Paper ini membahas secara kualitatif perlakuan akuntantansi menurut PSAK 55, PSAK 71 dan Basel Accord. Ada kesamaan ketentuan dalam pembentukan CKPN yang diformulasikan sebagai EL: PD x EAD x LGD. Namun tentu saja ada perberbedaan fundamental dimulai dari pengakuan/pembentukan EL hingga paramater kuncinya. Hal ini pada gilirannya memaksa Bank untuk memikirkan kembali model bisnis hingga investasi sumber daya manusia dan sistem informasi. Kata kunci: Basel, CKPN, EL, EAD, PD, LGD &nbsp

Penelaahan ERM Diclosures Perusahaan Property dan Real Estate yang Go Public di Bursa Efek Indonesia

Penelitian ini membahas pemanfaatan daftar dimensi pengungkapan ERM COSO yang terdiri dari 108 item pada industri properti dan real estate yang terdaftar pada Bursa Efek Indonesia, dengan mengambil data dari laporan tahunan 2015, 2016 dan 2017. Hasilnya dari 40 emiten tidak ada satupun yang memenuhi keseluruhan 108 item pengungkapan. Indeks pengungkapan ERMi tertinggi adalah 0.6944 dan terendah 0,2129. 12 item dari 108 dimensi disclosure tidak diungkapkan oleh seluruh emiten. Hanya 10 dari 108 dimensi disclosure diungkapkan oleh seluruh emiten. 41 item dari 108 dimensi disclosure diungkapkan oleh sebagian kecil emiten., dan sisanya 45 item dimensi disclosure diungkapkan oleh sebagian besar emiten. Bahkan terdapat 10 item dimensi disclosure yang diungkapkan oleh hanya satu emiten saja. Hal ini mengindikasikan bahwa (1) praktik COSO ERM pada emiten properti dan real estate sangat bervariasi; (2) Perlu dilakukan pengayaan atas daftar dimensi pengungkapan agar lebih sesuai dengan karakteristik industri Properti dan Real Estate   Kata kunci: COSO, Disclosure, ERM, Properti, Real Estate &nbsp