Restatement of Pt Garuda Indonesia’s Financial Statements Is Conservative?

Abstract

This research is a case study research at PT Garuda Indonesia Tbk (PT GIAA). The motivation for conducting the research was the existence of PT GIAA's fi-nancial reporting in 2018 which revealed a significant increase in profit which required PT GIAA to restate its financial statements in 2019. The analysis used was descriptive and quantitative analysis. The restatement of the financial state-ments has an impact on changes in reported earnings, namely there are losses, adjustments to accounts also cause some changes in the amounts recognized in the financial statements. On this basis, a quantitative analysis was carried out to determine the level of conservatism in the restatement of PT GIAA's financial statements. Based on accrual conservatism, the company still applies conserva-tism principles but in the restatement period of financial reporting in 2018 the level of conservatism decreased. Based on market conservatism, the market value of the company's shares is lower than its book value, this indicates that the company is aggressive in determining book value. Even the average stock return each year is negative and a sharp decline occurred during the restatement of fi-nancial statements. This indicates that market confidence decreases when the company restatement its financial statements.

Pengukuran Kinerja PT Garuda Indonesia Tbk Berbasis Balanced Scorecard (Performance Measurement of Pt Garuda Indonesia Tbk Based on Balanced Scorecard

“…Aspek ketepatan waktu tersebut mengantarkan PT Garuda Indonesia menjadi maskapai domestik tunggal yang sukses memposisikan diri dalam deretan maskapai peringkat tertinggi global yaitu pada urutan ke-31 berdasarkan Skytrax World Airline Awards 2022. Oleh karena itu, perseroan terus berkomitmen untuk dapat memberikan layanan penerbangan terbaik, mengingat perseroan berlandaskan atas konsep Garuda Indonesia Experience yang mengamalkan nilai terkait produk berupa ketepatan waktu dan keamanan, nilai terkait proses berupa kecepatan dan ketepatan, nilai terkait infrastruktur berupa kebersihan dan kenyamanan, serta nilai terkait SDM berupa keandalan, profesionalitas, kompeten, dan kesigapan untuk membantu (Jannah & Sukmana, 2022). Hal ini sejalan dengan penelitian Sari (2022) bahwasannya pelayanan dan produk yang ditawarkan perseroan secara signifikan memengaruhi terhadap keputusan pemakaian jasa layanan penerbangan PT Garuda Indonesia.…”