EVALUASI PERANAN LEASING SEBAGAI SALAH SATU BENTUK PEMBIAYAAN DAN PENGARUHNYA PADA PERUSAHAAN DAERAH AIR MINUM (PDAM) KABUPATEN PURWAKARTA

Penelitian ini bertujuan untuk mengetahui dan memberikan gambaran dalam memilih alternatif pembiayaan yang lebih menguntungkan antara leasing dan kredit bank pada PDAM Kabupaten Purwakarta.Dalam penelitian ini menggunakan metode present value cash out flow dan analisis kebaikan dan keburukan. Data diolah menunjukan bahwa, untuk membiayai kendaraan operasional, alternatif yang menguntungkan adalah dengan kredit bank karena present value kredit bank lebih rendah dibandingkan dengan leasing, di mana dengan alternatif leasingpresent value yang diperoleh sebesar Rp 94.863.900,- sedangkan pada kredit bank present value diperoleh sebesar Rp 78.232.210,-. Beberapa keuntungan dari kredit bank menunjukan hal seperti pembayaran angsuran yang lebih rendah, tidak adanya jaminan tambahan dan kredit bank menjadi suatu alternatif pembiayaan dalam skala besar. Jadi dengan menggunakan sumber pembiayaan kredit bank akan lebih menguntungkan.Kata kunci: alternatif pembiayaan, leasing, kredit bank.Penelitian ini bertujuan untuk mengetahui dan memberikan gambaran dalam memilih alternatif pembiayaan yang lebih menguntungkan antara leasing dan kredit bank pada PDAM Kabupaten Purwakarta.Dalam penelitian ini menggunakan metode present value cash out flow dan analisis kebaikan dan keburukan. Data diolah menunjukan bahwa, untuk membiayai kendaraan operasional, alternatif yang menguntungkan adalah dengan kredit bank karena present value kredit bank lebih rendah dibandingkan dengan leasing, di mana dengan alternatif leasingpresent value yang diperoleh sebesar Rp 94.863.900,- sedangkan pada kredit bank present value diperoleh sebesar Rp 78.232.210,-. Beberapa keuntungan dari kredit bank menunjukan hal seperti pembayaran angsuran yang lebih rendah, tidak adanya jaminan tambahan dan kredit bank menjadi suatu alternatif pembiayaan dalam skala besar. Jadi dengan menggunakan sumber pembiayaan kredit bank akan lebih menguntungkan.Kata kunci: alternatif pembiayaan, leasing, kredit bank

Studi Kelayakan Bisnis Penambangan Batu Belah dan Batu Pipih Di Cilegon Banten

Program pembangunan dibidang infrastruktur dan bangunan mendorong pertumbuhan permintaan batu belah dan pipih, permintaan itu mendorong lahirnya usaha-usaha penambangan khususnya di daerah Cilegon Propinsi Banten yang memiliki deposit batu yang banya.Nilai investasi untuk penambangan tersebut relative besar, khususnya dalam pengadaan alat berat. Sebuah perusahaan yang ada bermaksud untuk menggunkan modal kerja sebesar Rp. 2,19 milyar yang bersumber dari modal sendiri dan atau meminjam dari eksternal seperti perbankan atau lembaga leasing. Proyeksi tersebut dianalisis dengan konsep evaluasi ekonomis proyek dengan menggunakan beberapa metode antara lain: Payback Period, Net Present Value (NPV), Internal Rate of Return (IRR) dan Basic Business Profitability (BBP), dengan memperhitungkan biaya modal yang dihitung secara rata-rata tertimbang (WACC). Luas areal lahan yang dimiliki adalah 13.110 m2 dengan ketinggian 20 m, komposisi lahan berupa 15% tanah, 5% cadas, 40% batu belah dan sisanya 40% batu pipih (macadam), dengan total deposit bahan baku diperkirakan 262.200 m3 senilai Rp. 6.1 milyar, analisis laporan keuangan dibuat dalam proyeksi yang dihitung berdasarkan masing-masing sumber pembiayaan atas modal usaha proyek tersebut. Hasil perhitungan proyeksi laba rugi dan proyeksi arus kas perusahaan dapat diambil kesimpulan bahwa dengan discount rate yang dihitung dengan rata-rata tertimbang (WACC) sebesar 12%, maka diperoleh BBP sebesar 44,42%, hasil analisis payback period, NPV dan IRR menunjukan bahwa proyek yang dibiayai dengan leasing terbukti paling menguntungkan.  Kata Kunci : Batu Belah, Batu Pipih, Leasin

PENGARUH OPERATING CAPACITY, ARUS KAS OPERASI DAN BIAYA VARIABEL TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR TEXTIL DAN GARMENT YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2009-2016

This research aims to determine the influences of operating capacity, operating cash flow and variable cost to the possibility of companies experiencing financial distress. Currently, we can see the textile and garment industries, were all having profit descreased year by year. If its left constantly and continously, then the company will be at risk of facing financial distress condition. Financial distress is a condition that describes the downturn of corporate performance, so that they are having financial trouble full filling their short term liabilities. Population of this research are manufactured companies on textile and garment’s sectors listed on the Indonesian’s Stock Exchange 2009-2016 periods. By sampling defined with purposive sampling’s methods, there are 10 companies, selected as the research’s samples. And this research using regretions logistics analysis method on SPSS version 23. This research finally conclude that operating capacity significantly by positive having affects to the possibility of companies to suffer financial distress. Operating cash flow significantly by negative having affect to the possibility of companies to suffer financial distress and variable cost significantly by positive having affect to the possibility of companies to suffer financial distress.   Keywords : operating capacity, operating cash flow, variable cost, financial distress.  This research aims to determine the influences of operating capacity, operating cash flow and variable cost to the possibility of companies experiencing financial distress. Currently, we can see the textile and garment industries, were all having profit descreased year by year. If its left constantly and continously, then the company will be at risk of facing financial distress condition. Financial distress is a condition that describes the downturn of corporate performance, so that they are having financial trouble full filling their short term liabilities. Population of this research are manufactured companies on textile and garment’s sectors listed on the Indonesian’s Stock Exchange 2009-2016 periods. By sampling defined with purposive sampling’s methods, there are 10 companies, selected as the research’s samples. And this research using regretions logistics analysis method on SPSS version 23. This research finally conclude that operating capacity significantly by positive having affects to the possibility of companies to suffer financial distress. Operating cash flow significantly by negative having affect to the possibility of companies to suffer financial distress and variable cost significantly by positive having affect to the possibility of companies to suffer financial distress.   Keywords : operating capacity, operating cash flow, variable cost, financial distress. &nbsp

PENGARUH KUALITAS PELAYANAN DAN KEPUASAN TERHADAP LOYALITAS (Studi Pada Nasabah Tabungan Bank BCA Cabang Purwakarta)

Perkembangan BCA khususnya di Kabupaten Purwakarta sangat menjanjikan. Industri Perbankan Khususnya  Bank BCA  menempati peran  yang  sangat penting dalam sector ekonomi,  terutama dalam mendukung pengembangan usaha mikro/ makro dan menengah. Semakin ketat persaingan perbankan,  maka pelayanan  yang berikan bank BCA harus lebih optimal sehingga perusahaan mampu memenangkan persaingan. Fokus penelitian pada nasabah tabungan dan dalam menggunakan produk kartu debet BCA, dengan asumsi bahwa konsumen dalam mempertimbangkan pembelian suatu produk lebih didasarkan pada factor obyektif dan subyektif. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh kualitas pelayanan dan kepuasan terhadap loyalitas nasabah pada BCA  Di Kabupaten Purwakarta. Responden dalam penelitian ini adalah nasabah tabungan di BCA minimal berpendidikan SMA, dan mereka telah menjadi nasabah minimal selama 6 bulan. Jumlah responden dalam penelitian ini ditetapkan 235 responden dengan menggunakan teknik pengambilan sampel   yang   disebut   Convenience sampling atau Accidental Sampling. Penelitian ini menggunakan analisis Jalur (Path Analysis) dengan bantuan program IBM SPSS 20. Hasil penelitian ini menunjukkan bahwa: 1) kualitas pelayanan berpengaruh positif dan signifikan terhadap kepuasan nasabah, 2) kepuasan berpengaruh positif dan signifikan terhadap loyalitas nasabah,  3)  kualitas pelayanan berpengaruh positif dan signifikan terhadap loyalitas nasabah. Disarankan kepada peneliti selanjutnya untuk memperluas ruang lingkup penelitian tidak hanya pada satu jenis bank tetapi mencakup lembaga keuangan lainnya dan untuk manajemen BCA sebaiknya melakukan evaluasi dan meningkatkan kualitas pelayanan terutama dalam hal daya tanggap dengan memberikan pelatihan khusus kepada customer services untuk meminimalkan keluhan dalam rangka meningkatkan kepuasan dan loyalitas nasabah.   Kata kunci:  Kualitas Pelayanan, Kepuasan, LoyalitasNasabah.Perkembangan BCA khususnya di Kabupaten Purwakarta sangat menjanjikan. Industri Perbankan Khususnya  Bank BCA  menempati peran  yang  sangat penting dalam sector ekonomi,  terutama dalam mendukung pengembangan usaha mikro/ makro dan menengah. Semakin ketat persaingan perbankan,  maka pelayanan  yang berikan bank BCA harus lebih optimal sehingga perusahaan mampu memenangkan persaingan. Fokus penelitian pada nasabah tabungan dan dalam menggunakan produk kartu debet BCA, dengan asumsi bahwa konsumen dalam mempertimbangkan pembelian suatu produk lebih didasarkan pada factor obyektif dan subyektif. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh kualitas pelayanan dan kepuasan terhadap loyalitas nasabah pada BCA  Di Kabupaten Purwakarta. Responden dalam penelitian ini adalah nasabah tabungan di BCA minimal berpendidikan SMA, dan mereka telah menjadi nasabah minimal selama 6 bulan. Jumlah responden dalam penelitian ini ditetapkan 235 responden dengan menggunakan teknik pengambilan sampel   yang   disebut   Convenience sampling atau Accidental Sampling. Penelitian ini menggunakan analisis Jalur (Path Analysis) dengan bantuan program IBM SPSS 20. Hasil penelitian ini menunjukkan bahwa: 1) kualitas pelayanan berpengaruh positif dan signifikan terhadap kepuasan nasabah, 2) kepuasan berpengaruh positif dan signifikan terhadap loyalitas nasabah,  3)  kualitas pelayanan berpengaruh positif dan signifikan terhadap loyalitas nasabah. Disarankan kepada peneliti selanjutnya untuk memperluas ruang lingkup penelitian tidak hanya pada satu jenis bank tetapi mencakup lembaga keuangan lainnya dan untuk manajemen BCA sebaiknya melakukan evaluasi dan meningkatkan kualitas pelayanan terutama dalam hal daya tanggap dengan memberikan pelatihan khusus kepada customer services untuk meminimalkan keluhan dalam rangka meningkatkan kepuasan dan loyalitas nasabah.   Kata kunci:  Kualitas Pelayanan, Kepuasan, LoyalitasNasabah

IMPLEMENTASI AUDIT BERBASIS RESIKO DAN DUE PROFESIONAL CARE YANG DIMILIKI AUDITOR BERDAMPAK PADA KUALITAS AUDIT

ABSTRACT Due professional care and work experience are the most important to be have by auditor. The auditor must have due professional care and work experience to produce a good financial report. If auditor have a good due professional care and work experience, then the quality of audit will be good. Due professional care and work experience will affect the quality of audit. But in fact, the quality of audit produced bay auditor is not good enough. The purpose of this research is the effect of due professional care and work experienceto quality of audit survey on KAP existing in Bandung. The method used in this research is descriptive method, verification with quantitative approach. Descriptive method used to determine due professional care and work experience to quality of audit. The test statistic used is the calculation of validity and relibility testing using software SPSS 18.0 for windows. For verification method using SEM PLS, evaluation results outer model by value loading factor and discrimination validity. All the indicators used in this research is valid and able to measure latent variables. The result from this research indicate that due professional care has a significant impact on the quality of audit that if due professional care great then the resulting quality of audit would be great, while work experience has a significant impact on the quality of audit that if work experience is good then the quality of audit would be good.   Keywords : Due Professional Care, Risk Audit, and Quality of Audi

MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR TEKSTIL DAN GARMENT YANG TERDAFTAR DI BEI

The prospect of the textile and garment sector in Indonesia is predicted to continue to decline since the last few years. The purpose of this study is to predict financial difficulties in textile and garment sector companies listed on the Indonesia Stock Exchange in 2016-2018. The independent variables used in this study are Current Ratio, Enterprise Risk Management, and Labor Costs. The Financial Distress model used in this study is the Altman Z score. This research data was obtained from the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 12 textile and garment sector companies with saturated sampling method. The analysis technique used in this research is panel data regression. The results showed that the Current Ratio had a positive and significant effect on predicting Financial Distress, the proportion of Enterprise Risk Management had no significant effect on predicting Financial Distress, and Labor Costs had a significant negative effect on predicting Financial Distress.The prospect of the textile and garment sector in Indonesia is predicted to continue to decline since the last few years. The purpose of this study is to predict financial difficulties in textile and garment sector companies listed on the Indonesia Stock Exchange in 2016-2018. The independent variables used in this study are Current Ratio, Enterprise Risk Management, and Labor Costs. The Financial Distress model used in this study is the Altman Z score. This research data was obtained from the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 12 textile and garment sector companies with saturated sampling method. The analysis technique used in this research is panel data regression. The results showed that the Current Ratio had a positive and significant effect on predicting Financial Distress, the proportion of Enterprise Risk Management had no significant effect on predicting Financial Distress, and Labor Costs had a significant negative effect on predicting Financial Distress

KAJIAN PRODUCTION EMPHASIS , PENGEMBANGAN KARIR PROTEAN, DAN KOMPENSASI SOSIAL PADA KINERJA KARYAWAN DENGAN KEPUASAN KERJA SEBAGAI VARIABEL MEDIASI

One of the success key of a company isincreasing the competitiveness of human resources. The important concept that is recognized as a key for a superior human resources is the right people in the right place  at the right time. The low performance from the employer can result in low productivity ( profit) of the company. The performance of employer must be noticed by the company, because the performance of employer can give direct impact in all performance of the company. The motive for this study for test and analyzed the impact of Production Emphasis, the development , the development of Carier Protean and Social Compensation of the performance employer with Job Satisfaction for mediation variabel. The research was conducted on PT. Subang Autocomp Indonesia employer and use multiple regresi linier analysis, SPSS 24 version and path analysis. The result of the study indicate partially the Production Emphasis, Carier Protean development and Social Compensation variabel showing a significant increase in employee performance. And simultan the Production Emphasis, Carier Protean development, and Social Compensation variabel on employee performance mediated by job satisfaction that have a significant effect.  While the contribution of variabel and variabel intermediation depends on employee performance by 67% while the remaining 33% by other factorsOne of the success key of a company isincreasing the competitiveness of human resources. The important concept that is recognized as a key for a superior human resources is the right people in the right place  at the right time. The low performance from the employer can result in low productivity ( profit) of the company. The performance of employer must be noticed by the company, because the performance of employer can give direct impact in all performance of the company. The motive for this study for test and analyzed the impact of Production Emphasis, the development , the development of Carier Protean and Social Compensation of the performance employer with Job Satisfaction for mediation variabel. The research was conducted on PT. Subang Autocomp Indonesia employer and use multiple regresi linier analysis, SPSS 24 version and path analysis. The result of the study indicate partially the Production Emphasis, Carier Protean development and Social Compensation variabel showing a significant increase in employee performance. And simultan the Production Emphasis, Carier Protean development, and Social Compensation variabel on employee performance mediated by job satisfaction that have a significant effect.  While the contribution of variabel and variabel intermediation depends on employee performance by 67% while the remaining 33% by other factor

Determinan Financial distress Pada Perusahaan Sub-Sektor Ritel Elektronik di Bursa Efek Indonesia

This study aims to analyze the effect of quick ratio, cash flow from investing activities and Financial Expense on financial distress in an empirical study of electronic retail sub-sector companies listed on the Indonesia Stock Exchange in 2013-2020. This research is a quantitative study that uses secondary data in the form of panel data obtained from the financial statements of companies in the electronic retail sub-sector published on the Indonesia Stock Exchange website. The sampling method used the saturated sample method so that a research sample of 40 financial statements was obtained at 5 companies in the electronic retail sub-sector for an 8-year period, namely 2013-2020. The software used for data processing is Eviews 10. The results show that partially quick ratio has a positive and significant effect on financial distress, while cash flow from investing activities has no effect on financial distress and Financial Expense has a negative effect on financial distress. Simultaneously quick ratio, cash flow from investing activities, Financial Expense affect financial distress