This research aims to identify and analyze the potential of blockchain technology for the accounting field in Indonesia. This research was conducted at the Indonesian Blockchain Association. This research uses qualitative methods with the case study approach and analysis of making explanation strategies. The result of this study indicates that blockchain is applicable in Indonesia without having to use cryptocurrency as a payment tool. The result finds that blockchain can be used as a technology for Accounting Information System. One of the reasons is that all accounting transactions have the potential to be traceable with the blockchain. The data in this technology can be considered as relevant information due to the nature of blockchain as a technology that records and stores data that cannot be changed and manipulated. Blockchain will be used as a database and data procession will still be carried out by using the Accounting Information System. Blockchain is unable to automatically process data into information that may be needed in accounting. This research is expected to strengthen the theory related to blockchain as one of the accounting technologies, also to be an initial step in improving the concept of triple-entry accounting that is usable in Indonesia by using Blockchain which is supported by other platforms such as ERP and uses Token as the representative of assets or financial in recording transactions.
Abstrak: Analisa Kepemilikan Terkonsentrasi dan Asimetri InformasiTerhadap Konservatisma Akuntansi. Penelitian ini bertujuan menguji pengaruh konsentrasi kepemilikan insider dan outsider yang menimbulkan asimetri informasi, pada pengaplikasian konservatisme akuntansi. Kepemilikan insider dan outsider diukur berdasarkan presentase kepemilikan, asimetri informasi diukur dari bid-ask spread, sedangkan konservatisme akuntansi diukur dengan menggunakan ukuran akrual. Penelitian ini dilakukan pada perusahaan non keuangan yang terdaftar di BEI pada tahun 2012, serta menggunakan metode purpossive sampling diperoleh 99 perusahaan. Ditemukan bahwa kepemilikan outsider memengaruhi konservatisme akuntansi, sedangkan kepemilikan insider dan asimetri informasi tidak memengaruhi konservatisme akuntansi. Abstract: The Analyst of Ownership Concentration and Information
ABSTRAKPenelitian ini bertujuan untuk mengetahui budaya yang memicu terjadinya fraud pada realisasi keuangan negara. Penelitian dilakukan pada instansi pemerintah daerah di Provinsi ABC. Metode etnografi ala Spradley dipilih untuk menemukan budaya pemicu tersebut. Hasil penelitian menunjukkan bahwa budaya yang memicu terjadinya fraud adalah budaya cari untung, yang terlihat dari kebiasaan "memanfaatkan" kebutuhan instansi, kebiasaan menyalahgunakan kewenangan yang dimiliki, dan kebiasaan menyiasati beberapa ketentuan keuangan negara pada PMK 113/PMK.05/2012 dan PMK 65/PMK.02/2015 untuk kepentingan pribadi maupun kelompok. Hasil penelitian ini memberikan informasi berupa bentuk-bentuk penyiasatan yang dilakukan, sehingga dapat dijadikan dasar sebagai bahan pertimbangan untuk perubahan atau perbaikan kebijakan dan peraturan yang disiasati tersebut. ASSETS
A b s tr a c tBusiness Strategy, Equity Market Competition, Overvalued Equities, and Stock Price Crash Risk. The purpose of this research is to examine the influence of prospector business strategy and defender business strategy, equity market competition, and indirect effect of prospector business strategy on stock price crash risk through ovevalued equities. The sample of this research are 192 companies that are divided into 96 prospector business strategy and 96 defender business strategy during 2010-2016. This study uses a secondary data from financial report, number of investor, and stock price information. Which is obtained from the official website of IDX, KSEI and yahoo finance. The results of this study indicate that the prospector business strategy effect on the stock price crash risk, while the defender business strategy does not affect on stock price crash risk. The equity market competition is proven to reduce the stock price crash risk. The existence of a prospector business strategy will tend to overvalued equities which in turn, increase stock price crash risk.
The study aimed to discuss underlying reason why the national agricultural industry, dominated by small and middle sector, did not establish a standardized accounting for agricultural assets instead of adopting IASB accounting system. This new standard would become a better fit for the culture and characteristics of the national agricultural sector. The study used critical paradigm because until recently Indonesia has not adopted IAS 41 yet and as the consequence, there was not any document that recorded biological assets of the livestock industry comprehensively. As an agraris country, Indonesia should establish standardized accounting system for agricultural asset. The finding showed that the national agricultural asset was regulated in an accounting standard that had worked effectively since January 1, 2018. This standardized accounting system adopted IAS 41 accounting system. However, IAS 41 only worked for large-scale agricultural industry and did not work as effectively for the small and middle-scale agricultural industry Indonesia had. The major obstacle was to establish fair value, more particularly one for reliable measurement. Establishment and adoption of standardized accounting system should take local culture and wisdom into account. It is expected that the National Standard Establishment Board's idea to adopt IAS 41 does not lead to new capitalism since evidence showed potentials for nepotism between actors of the agricultural industry. KEY WORDSFair value, historical cost, agricultural assets, IAS 41.The study focuses on the lack of financial accounting standard for the national agricultural asset. As an agraris country, Indonesia has currently implemented "Standar Akuntansi 69," an accounting system adopted from IAS 41 on January 1, 2018 after a twoyear delay. Standardized harmonization is the reason for the adoption of IAS 41 in PSAK 69. Based on study of the Institute of Chartered Accountants of Scotland (published in February 2011), once the system was implemented, IAS 41 had various drawbacks (Aryanto, 2011). Elad ( 2004) stated that IAS 41 was controversial because it showed the most radical and comprehensible distinction of fair value accounting and thus, caused both theoretical and practical issues. This distinction may be seen in value of company's assets, revenues and profit among others. Elad (2004) also explained that using subjective assesment in fair value estimation, for example similar asset market prices or the use of current value models, would result in different treatments which may inhibit comparability and harmonization. Furthermore, Herbohn and Herbohn (2006) and Dowling and Godfrey (2001) emphasized on increase in volatility, manipulation and subjectivity from reported income based on fair value.Another purpose of the adoption of IAS 41 into PSAK 69 is standard harmonization. Some studies showed crtiticsm towards standard harmonization that similar accounting standard worked in all countries. Mulawarman (2012) and Rodrigues and Craig (2007) described hegemony of nation thro...
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