This study purpose to determine whether there are differences among Altman model, Springate model and Zmijewski model to predict financial distress, and to find out which the Financial Distress prediction model has the most excellent implementation in Indonesia manufacture industry. Comparison of those six models were made by analyzing the accuracy of each model, by using the real condition of a company’s net income. The data used in the form of annual financial statements published by the company on the Indonesia Stock Exchange website. The sample in this study consisted of 116 financial data from 29 companies in Consumer Goods Industry. All companies are listed in Indonesia Stock Exchange Market at period 2012 - 2015. The company does not conclude yet, whether there is a prediction model that best suit the measurement. This cause by: (1) every model have its own superiority and weakness, (2) the company sample characteristic differences (company sector, company size) also influence the choice of prediction model being used, (3) the company financial ratio as independent variable used in bankruptcy prediction. Since the financial statements are reflecting the company’s financial ability of the signaling, the researchers limited the industry with the highest value of EPS and PER. This is done to avoid confounders in the proof of the accuracy of the model, Springate model, Ohlson model and Zmijewski model to predict financial distress. The data obtained from the Annual Financial Statements, IDX Fact Book and the Indonesian Capital Market Directory. In this study will be used t test, additional testing is done to see the feasibility of the model by observing the F test results and test the coefficient of determination (R2), R2 value used to examine differences among Altman, Grover, Springate and Zmijewski models in predicting financial distress. The analytical tool used is the One Way ANOVA with level of significance 5 %. The results from this research showed that any prediction model used in this study can be used to predict Financial Distress, particularly the Altman Z-Scores, which have the greater R2 analysis. Only Grover G-Score models have insignificant value t test and F-test is greater than the probability cannot be used to predict corporate Financial Distress. The results also showed that the most accurate model is the model Altman Z-Score. At the end of the study was to try predict 29 firms sample used listed on the Stock Exchange with Altman model. Predicted results showed that five companies are expected to experience Financial Distress in the future.
Financial statement fraud is a discrepancy between the application of accounting principles and the preparation of financial statements with the aim of deceiving and deceiving users of financial statements. The approach taken to identify the factors that influence financial statement fraud, one of which is the fraud hexagon model. There are six factors in the fraud hexagon, namely Stimulus which will be represented by financial targets, Ability will be represented by a change of director, Collusion will be represented by political connections, Opportunity will be represented by the quality of external auditors, Rationalization will be represented by audit opinion and Ego is represented by many photos CEO. This study aims to analyze the effect of the fraud hexagon on fraudulent financial statements in infrastructure, utility and transportation sector companies listed on the Indonesia Stock Exchange in 2015-2019. Detection of the possibility of fraudulent financial statements is measured by the F-Score model. This study uses a purposive sampling technique with a sample of 25 companies and 125 data on annual reports and financial statements. The results showed that financial targets, the quality of external auditors, and the number of CEO photos had no effect on financial statement fraud, while the change of directors had a negative and significant effect on financial statement fraud, political connections had a positive and significant effect on financial statement fraud. Audit opinion has a negative and significant effect on financial statement fraud.
The world economy moves from the industrial era 4.0 to the era of society 5.0 so it is certain this has an effect on the shift in the role of accountants in their work. In this 4.0 era, the existence of interpersonal skills is increasingly needed along with the demands for change due to the massive digital technology in the work of accountants. This paper explains the situation of changing the industrial era 4.0 to society 5.0, the interpersonal skills of accounting students in their relationship to readiness to face era 5.0, as well as analyzing the best ways to develop skills in this digital era. The interpersonal skills presented are the results of research on accounting students undergoing digital-based learning. The resulting discussion shows that the community is moving towards an era of society 5.0. Digitalization and shift in the role of the accounting profession in era 4. 0 this time will be directed to develop big data to solve various problems in the era of society 5.0. Interpersonal skills are increasingly important, especially the leadership dimension. Therefore, the development of digital- based accounting student learning such as case studies, Class Polling and Surveys, discussion groups, and others is considered to be adaptable to prepare them to become accountants in the eraofsociety5.0.
Migrasi ke digital akan bisa menjadi bom waktu bagi terlaksananya tatanan new normal life ketika para pelaku ekonomi dan masyarakat yang belum sepenuhnya mengetahui benar cara transaksi ekonomi dan pemilihan perbankan digital. Luaran yang akan dihasilkan berupa solusi edukasi dan sosialisasi informatif pada para masyarakat dengan melakukan kerjasama dengan mitra media. Dalam konteks ini, peran media massa sebagai sarana untuk mewujudkan edukasi ini sangatlah penting. Metode yang dilakukan adalah dengan sosialisasi dan edukasi melalui laman IG, Facebook dan Youtube Akuntansi, Koperasi Mahasiswa, AFC dan Si-Pinter Keuangan JATIM serta media harian Duta yang memiliki Online Web sebagai bentuk pengabdian masyarakat wajib untuk tetap memperhatikan perlunya social distancing sebagai bentuk pencegahan penularan covid-19.
The investor attention to earnings, might determines management's actions to take vital interests in financial reporting to show a favorable situation. Earnings management is often considered a rational and fair action principally. This manipulation is more due to the urge to keep the company's shares in demand by investors who tend to see profitability over a period of time to invest their capital in the company's shares, because for investors, because the company's profit will describe the company's overall value. This led to an increase in fraudulent actions. This study aims to analyze and find empirical evidence about the effect of fraud fraud factor based on diamond fraud, namely Pressure, Opportunity, Rationalization and Capability on financial statement fraud, which is proxied by the independent variables, namely financial stability, external pressure, financial targets, industrial conditions, ineffectiveness of supervision, audit opinions and the ability of the audit team in the financial sector to the level of profitability as the dependent variable with earnings management as moderating. All variables tend to be said to be influential except for leverage.
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