Accounting Information System Framework for NPO (A Case Study on Children Development Centers Salatiga Cluster)

Both commercial organization and non-profit organization produce financial reports which are the form of their responsibility to the stakeholders. However, the financial reports are different since there are differences in business process and stakeholders’ interest. These have driven the difference of their accounting information system. This study will give a contribution to the accounting information system of non-profit organization literatures. The research and development approach has been applied to this study. CDCs Salatiga cluster which has 15 centers are the chosen research object. The accounting information system framework is adopted from ‘Give and Take’ exchanges of Dunn and McCarthy (2009) and five major transaction cycles of David (2009). The results are examined into three elements which are the business process, the involved entities, and the accounting information system framework. Three main activities in CDC’s business process are (1) The preparation of the program/budget master and program proposal, (2) The activity execution in accordance to the program/budget master, and (3) Financial and operational reporting. Then, there are nine involved entities which are CIF, partner church, local donors, third parties, bank, children, operational and administration staff, management, and committee. The last element is accounting information system framework which consists of five accounting cycles including operational cycle as its business process. The study is a basic discussion to the further research about accounting information system of other NPO. Also, accounting information system instruments of each cycle should be developed. Keywords: Accounting Information System, Non-profit Organization, Children Development Cente

The Effect of Board and Ownership Structure on the Possibility of Financial Distress

Research aims: This study aims to examine the effect of corporate governance, specifically relating to the ownership structure and board structure, on the possibility of financial distress.Design/Methodology/Approach: The sample used in this study are companies listed on the Indonesia Stock Exchange (IDX) from 2015 to 2019, excluding the financial industry. Conditional logistic regression is used as the study uses paired data based on the total assets of the company.Research findings: The results of this study indicate that board ownership, independent commissioners, and the board of directors can increase the likelihood of financial distress. On the other hand, institutional ownership and concentrated ownership are proven to have no effect on the likelihood of financial distress. The results of sensitivity testing using logistic regression showed different results on the variable institutional ownership, which is that institutional ownership can increase the likelihood of financial distress. Meanwhile, the other variables showed the same outcome as the main regression used in this study.Theoretical contribution/Originality: This study contributes to the knowledge on the relationship of board ownership, institutional ownership, concentrated ownership, independent commissioners and board size and the possibility of financial distress. Also, this research found that the provision of incentives in the form of shares to the board may not be an effective way to overcome financial distress in Indonesian firms

Do Family and Institutional Ownerships Influence the Corporate Dividend Policy?

The difference of interests among shareholders in the middle of ownership structure that is dominated by majority shareholders enlarges the possibility of deprivation towards the minority shareholders' rights. Therefore, a dividend is considered as a tool to reduce conflict of interests between both parties with the assurance of pro-rata distribution of the company's resources. Family and institutional ownerships have unique characteristics that are frequently found in Indonesian firms. Thus, this study intended to analyze the impact of majority ownership owned by family and institution to dividend policy in nonfinancial firms listed in Bursa Efek Indonesia (BEI) during 2013-2017. The samples are chosen with the purposive sampling method resulting in 373 firms and 1.484 observations obtained. The data used in this study was secondary data from firms' annual and financial reports along with data extracted from Capital IQ. According to the regression results using the fixed-effect model, this study confirms the negative impact of majority ownership owned by families towards firms' dividend policy. Whilst, majority ownership owned by institutions shows that it has no significant impact on dividend policy. Otherwise, profitability, size, and leverages are proven to impact firms’ dividend policy. However, growth indicates no significant impact

PROSES PENYUSUNAN ANGGARAN PADA PERUSAHAAN KELUARGA DENGAN BUDAYA ETNIS TIONGHOA DI INDONESIA

The purpose of this study is to assess the budgeting process in an Indonesian Chinese owned family business. By using case study method, research was conducted on a manufacturing company in city B, Indonesia led by a female business leader. The results of the study show that the Chinese cultural values adopted by the leader and employees of the company is able to enhance the budgeting process more effective. Study shows that adoption of Chinese culture, which tends to be paternalistic in business, can be performed by a female leader in a maledominated work environment. A top-down and participative approach to a budgeting process involves both owner-manager and her executives who are not a family members. It can be concluded that implementation of Chinese values in leadership plays an important role in determining the efficacy of budgeting process in the company

ANALISIS DESAIN SISTEM BIAYA STANDAR: STUDI KASUS PT KW

This study analyzes the calculation of product costs in companies included in the category of MSMEs (Micro, Small and Medium Enterprises) in Indonesia, which is a sand mining companies. This study uses a Cost System Design framework that  consist of four aspects, namely quality data, external financial reporting, calculation of product costs, and controls and implementation of strategies that will affect the company’s Cost System Design Stage. This study also uses standard cost and variance to analyze cost control. This qualitative research gathering data by using the triangulation method. The result is the company was in the first phase of the Four Stage Cost System Design. Based on the results, there are differences in production costs that are favorable. In addition, the results of this study also found deficiencies in the company's internal control system. In this study, there are limitations in the form of incomplete data obtained and some data are estimates from management. Research contributes to the results in the form of a calculation framework and design of a cost system for companies that is useful for calculating the cost of goods sold and inventory values that have not been calculated before