Proceedings of International Conference on Economics Business and Government Challenges

Intellectual Capital Mediates The Relationship Between Characteristics of Board Directors to The Company's Performance

Helmy Wahyu Sukiswo, Dwi Suhartini, Rizdina Azmiyanti, Maheran Zakaria — Mon, 30 Sep 2024 00:00:00 +0000

The study aims to analyze the mediation relationship of Intellectual Capital from the influence of Board of Directors Characteristics on Company Performance. The study used a quantitative approach using the Partial Least SquareStructural Equation Modeling (PLS-SEM) analysis tool to test the hypothesis. The research sample obtained data from 41 banking companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period. The results of the research prove that the mediation relationship of Intellectual Capital from the influence of the characteristics of the Board of Directors on the Company's Performance is partial.

State Owned Enterprises in Indonesia: Bankruptcy Analysis

Sun, 30 Jun 2024 00:00:00 +0000

This study aimed to look at the financial performance of SOEs, which was reported that SOEs went bankrupt in early 2020. Using the TSG model, this study tried to analyze the potential for bankruptcy in SOEs with data sourced from financial reports from 2014-2022. A total of 16 SOEs were sampled in this study. The results showed that two SOEs (GIAA and KRAS) became the SOEs with an enormous bankruptcy potential. For six consecutive years, the analysis results showed that there had been financial irregularities in Garuda Indonesia and Krakatau Steel. Other results showed that the Taffler model was not suitable for companies in the banking sector because this model focuses more on the company's short-term debt. The second model, the Springate model, showed almost the same results as the first model. While the third model, the Grover model, was slower or looser than the first and second models. In addition, this study also found that the t-score and s-score were not suitable for use in banking. Suggestions from the results of this study were that the two SOEs (GIAA and KRAS) need to refinance their debts, considering that the level of liquidity and leverage of their debts was very concerned.

The Influence of Working Conditions on Employee Performance Through Employee Retention

Putri Latifah Anum, Prihatin Lumbanraja, Yeni Absah — Mon, 30 Sep 2024 00:00:00 +0000

This research aims to find out how working conditions influence employee performance through employee retention. The population of this study consisted of all permanent employees of PT Socfindo Labuhanbatu Utara Perkebunan Aek Natas, the sample was determined using Non Probability Sampling with the Slovin method. Data was collected from 400 respondents with the criteria of PT Socfindo employees who had worked 10-15 years and then analyzed using SEM PLS. The results of this study found that working conditions have a significant and positive influence on employee performance, working conditions have a significant and positive influence on employee retention, employee retention has a significant and positive influence on employee performance and employee retention mediates the relationship between working conditions and performance. employee. The findings of this research have several important implications for practitioners and academics. For practitioners, companies need to create positive working conditions to improve employee performance and employee retention. For academics, it is necessary to conduct further research on the role of other factors that can influence employee retention, such as leadership, organizational culture, and work-life balance.

Tax Consultant: The Key To Success In Effective Tax Planning For Companies

Savinathul Nadzah, Avi Sunani — Sat, 30 Sep 2023 00:00:00 +0000

This study aims to explore the role of tax consultants in effective tax planning for companies. In an increasingly complex business environment and evolving tax regulations, companies need to legally minimise their tax burden to continue to remain competitive and optimise profitability. The main focus of this research is how tax consultants can contribute in identifying tax saving opportunities, improving compliance with tax regulations, and optimising the company's business strategy. This research uses a qualitative approach with data collection techniques through interviews with senior and junior staff of tax consultants along with observation. The results show that the involvement of tax consultants contributes significantly to the identification of tax saving opportunities, compliance with tax regulations, and optimising tax efficiency-oriented business strategies. Thus, this study confirms that tax consultants are the key to success in effective tax planning, providing significant added value to companies in optimally managing their tax obligations.

E-Business Case Study Analysis: Using a Qualitative Descriptive Approach to Face Disruption in Telkomsel's Digital Transformation

Mon, 30 Sep 2024 00:00:00 +0000

The telecommunications industry in Indonesia has experienced significant disruption in recent years. The emergence of new players, such as Google and Facebook, and the shift in consumer preferences to digital services, such as e-commerce and streaming, have challenged traditional telecommunications operators, such as Telkomsel. This case study discusses how Telkomsel leverages digital transformation to strengthen its e-commerce and digital services business, and how it helps the company face the disruptive era. e-commerce business development. The method used in this analysis is a descriptive method with qualitative research techniques. The Qualitative Method is non-numerical text-based data analysis to produce a conclusion from the research that has been carried out. Telkomsel has launched several e-commerce platforms, such as Telkomsel HaloPrix, Verena, IndiHome. Digital transformation has become the key for Telkomsel to face the disruptive era. By focusing on e-business development, Telkomsel has succeeded in increasing revenue, customer engagement, and efficiency.

Implementation of Kaizen Organizational Culture On Honda Motor Co. LTd

Hesty Prima Rini, Devinta Nur Arumsari, Aisyah Dhia — Mon, 30 Sep 2024 00:00:00 +0000

In Japanese, kaizen means continuous improvement. (continuous improvement). The term includes the meaning of improvement that involves everyone, both managers and employees, and involves a small amount of cost. Kaizen is not dramatic and the kaizen process is implemented on common sense and is low-cost, guaranteeing gradual progress that rewards results in the long run. Kaizen has been the key to Japan's competitive success and has been widely adapted in a variety of application methods. One of the companies that has been successful in implementing this kaizen is Honda Motor Co. Ltd. In its application in the company, Kaizen includes the meaning of continuous improvement that involves all its workers, both top management and lower management. The application of Kaizen culture at Honda Motor Company includes the implementation of 5S.

The Effect of Good Corporate Governance on Environmental, Social, and Governance Disclosure in Companies Listed on The Indonesian Stock Exchange

M. Fachmi Idris, La Angga, Mulyati Akib — Mon, 30 Sep 2024 00:00:00 +0000

This study aims to determine and analyze the effect of Board Gender Diversity, Board Size, Board Meeting on ESG Disclosure in Companies Listed on the Indonesian Stock Exchange in 2023. The sample in this study were 78 companies. Data analysis used descriptive analysis method and multiple linear analysis with the help of IBM SPSS Statistics version 26. The results of this study indicate that (1) Board Gender Diversity has an effect on ESG Disclosure. (2) Board Size has no effect on ESG Disclosure. (3) Board Meeting has no effect on ESG Disclosure.

Bibliometric Analysis Application of Blockchain Technology in Accounting and Audit using Vosviewer

Anisa Ratna Sari, Helmy Wahyu Sukiswo — Mon, 30 Sep 2024 00:00:00 +0000

The research aims to assess trends in the use of blockchain technology in accounting and auditing for transparent financial governance, as well as map research based on scientific publications. The research method used is quantitative, utilizing bibliometric analysis methodology. Data analysis was carried out using the VosViewer application and Google Scholar data sources. The sample that meets the criteria is 108 documents from 200 papers taken from 2019-2024. Through literature clustering analysis, articles are grouped into three clusters: blockchain aspects in auditing, blockchain implementation in accounting, and blockchain research in Indonesia related to transaction transparency. Research trend analysis is conducted to identify changes and developments in research topics, understand the dynamics and direction of scientific development, and identify topics that are on the rise or have just emerged. This analysis helps in planning future research and directing resources in potential directions

The Impact of the 2024 Indonesian Presidential Election Quick Count on Stock Returns of Companies Affiliated to the Presidential Candidates

G. Oka Warmana, Refina Dwi Maghfiroh, I Wayan Suarjana — Mon, 30 Sep 2024 00:00:00 +0000

Political events can have an impact on the business. This study analyses the reaction of the Indonesian capital market to the announcement of the quick count results of the presidential election on February 15, 2024. The analysis focuses on the stock of companies affiliated with the presidential candidates. This research uses an event study procedure to determine whether there is a market reaction around the announcement of the election quick count results. The test results show that there are abnormal returns in the period before and after the announcement of the quick count results. There is a significant difference in cumulative abnormal returns before and after the announcement of the election quick count results.

The Influence of Financial Report Accessibility and Community Participation on Accountability of Village Fund Management

Yanti Zalsabila, Dahniyar Daud, Marwah Yusuf Ishak, Faisal Arief — Mon, 30 Sep 2024 00:00:00 +0000

This research aims to determine the influence of financial report accessibility and community participation on the accountability of village fund management (in village governments in Masalle District, Enrekang Regency). This research is quantitative research where data collection uses primary data by distributing questionnaires to respondents. The population in this study was all officials from 11 village governments in Masalle sub-district, Enrekang district, namely 138 officials and the sample used was a purposive sampling method, namely 3 village governments in Masalle sub-district and 9 respondents in each village government. The results of the questionnaire data have been instrument tested (validity test and reliability test), classical assumption tests (normality test, multicollinearity test, and heteroscedasticity test), and the data analysis method used is the multiple linear regression technique. The research results show that the accessibility of financial reports has a positive and significant effect on the accountability of village fund management, and community participation has a positive and significant effect on the accountability of village fund management.

The Effects of Personal Motivations, Islamic Economic Law, and Perceived Behavioral Control on Gifting Behaviour for Z Generations in TikTok's Live Streaming

Mon, 30 Sep 2024 00:00:00 +0000

Generation Z is known as a digital native generation that is highly connected to technology and the internet. TikTok, a popular platform among this generation, features live streaming that enables real-time interaction, giving rise to gift-giving practices. This study examines how personal motivation, Islamic economic law, and perceived behavioral control influence gift-giving behavior among Generation Z during TikTok live streams in Indonesia. The population comprises Indonesian Generation Z individuals who have previously gifted TikTok content creators and are active users. A sample of 130 respondents was analyzed using Partial Least Squares (PLS) technique. Results indicate that personal motivation, Islamic economic law, and perceived behavioral control all have positive and significant effects on gift-giving behavior.

The Effect of Non-Performing Loan and Good Corporate Governance on Firm Value (Study on Banking Companies Listed on the IDX and KRX 2018-2022)

Vira Dian Fauziah, Fitriyani Fajar, Mulyati Akib — Mon, 30 Sep 2024 00:00:00 +0000

This study aims to determine how firm value is influenced by non-performing loans and good corporate governance. The population of this study are banking companies listed on the Indonesia Stock Exchange (IDX) and banking companies listed on the Korea Exchange (KRX) in the 2018-2022 period. Based on the sample criteria obtained, 24 companies were obtained through purposive sampling method. This study uses data analysis methods with multiple linear regression analysis, which is carried out using the IBM SPSS Statistics 26 application. The results showed that non-performing loans have an effect on firm value and good corporate governance has no effect on firm value. This study shows that the level of quality of non-performing loans of banking companies as indicated by the amount of NPL can increase the value of the company where investors do not risk bad credit but pay more attention to the return on investment and external factors that affect the condition of the company. Meanwhile, the existence of good corporate governance implemented by banking companies with higher self-assessment ratings causes the implementation of good corporate governance to not be maximised, thus reducing investor interest in investing which has an impact on decreasing the value of the Company.

The Influence of Fear of Missing Out (FoMO), Financial Literacy, and Trust on the Use of Pay Later Service by Gen Z Through Mediating Consumer Satisfaction

Mon, 30 Sep 2024 00:00:00 +0000

The rapid progress of digital financial services has encouraged an increase in the use of pay-later services, especially among Gen Z. This research aims to investigate the influence of Fear of Missing Out (FoMO), financial literacy, and trust on the use of pay-later services by Gen Z with consumer satisfaction as a mediating variable. Data was obtained through an online questionnaire, with a total sample of 41 Gen Z in Indonesia who had used pay later services. The data was then processed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis technique with SmartPLS version 3 software. The results of the direct influence analysis showed that FoMO had a positive effect on consumer satisfaction, financial literacy had no effect on consumer satisfaction, trust had a positive effect on consumer satisfaction, FoMO has no effect on the use of pay later services, financial literacy has no effect on the use of pay later services, trust has no effect on the use of pay later services, and consumer satisfaction has a significant positive effect on the use of pay later services. Meanwhile, in terms of indirect influence, consumer satisfaction is able to mediate the influence of FoMO on the use of pay-later services but is unable to mediate the influence of financial literacy on the use of pay-later services. Consumer satisfaction is also able to mediate the influence of trust on the use of pay-later services. These findings provide valuable implications for digital financial service providers in crafting marketing strategies and tailoring their offerings to meet the specific needs of Gen Z, ultimately increasing user satisfaction and trust.

Perceived Usefulness and Technology Readiness Mediate Perceived Ease of Use and Digital Competence on Technology Adoption of Artificial Intelligence

Alfi Ardiyanti, Endah Susilowati — Mon, 30 Sep 2024 00:00:00 +0000

Artificial Intelligence is added to the accounting curriculum in higher education. There are factors that influence users in accepting AI, this study aims to examine the influence of variable factors on AI acceptance. This research is quantitative in nature using primary data through questionnaires to a research sample of 98 students at 4 state universities in Surabaya with a research population of 4,074 students. The results of the study are digital competence affects perceived usefulness. Digital competence has no effect on technology readiness and technology adoption of AI. Perceived ease of use affects technology readiness and has no effect on technology adoption of AI. Perceived usefulness affects technology adoption of AI and Technology readiness affects technology adoption of AI. Perceived usefulness mediates the effect of digital competence on technology adoption of AI. Technology readiness cannot mediate the effect between digital competence and perceived ease of use on technology adoption of AI.

The Role of ESG Mitigating Climate Risks within the Financial Sector

Ika Amalia Nurunnisa, Dinda Safitri, Axel Giovanni — Mon, 30 Sep 2024 00:00:00 +0000

The financial sector faces major challenges due to risks related to climate change that impact stability and performance. This study systematically reviews how ESG criteria mitigate these risks, with the aim of uncovering methodological factors that integrate ESG in sustainable financial economic risk management and enhance financial stability. This study uses systematic literature review methodology (SLR) to analyse studies relevant to the need for sustainable financial practice between 2019 and 2024, addressing the urgent need for sustainable financial practices, with a focus on reputable Scopus journal articles. Using the PECO framework to guide ESG research; ESG strategies improve climate risk mitigation and financial performance. Key aspects: transparency, green finance, integrated risk management, stakeholder engagement, internal policies, regulatory adaptation, collaboration. This study contributes to the existing literature by highlighting effective ESG integration strategies and providing valuable information to policy makers and financial institutions to improve sustainability and effectively manage climate risks.

Analysis of the Implementation of Withholding, Depositing and Reporting Income Tax Article 21 on Permanent Employee Salaries at PT Sukses Sejahtera Bersama Indonesia

Nadia Amalia Wardani, Vicky Vendy — Mon, 30 Sep 2024 00:00:00 +0000

The aim of this research is to analyze the implementation of withholding, depositing and reporting income tax article 21 on Permanent Employee Salaries at PT. Sukses Sejahtera Bersama Indonesia. This research uses a qualitative approach with a case study method using primary and secondary data. Primary data was obtained directly through observation, documentation and interviews involving four informants in May 2024. Meanwhile, secondary data was in the form of financial reports from PT. Sukses Sejahtera Bersama Indonesia. The results obtained from this research are that the Company has deducted, deposited and reported income tax article 21 using the average effective rate (TER) scheme in accordance with GR Number 58 of 2023 and Regulation 168 of 2023. The average effective rate scheme applies (TER) did not have a significant impact on the company.

Analysis Impact of Implementing the Effective Tax Rate Scheme for Calculating Personal Income Tax: Study on Tax Consulting Office X

Puspita Dwi Firnanda, Avi Sunani — Mon, 30 Sep 2024 00:00:00 +0000

This research aims to analyze the impact of changes calculations using the Effective Tax Rate Scheme in junior tax consultant. This research uses a descriptive qualitative method by collecting data through observation and interview techniques with 3(three) junior tax consultant at Tax Consulting Office X. The results of the analysis from observations and interviews show that changes to calculations using the TER scheme have a significant effect for performance of tax consultant staff, including adjustments which is conducted by Tax Consulting Office, service to clients, challenges faced, and the level of tax compliance. The research results show that the implementation of the Effective Tax Rate scheme by junior tax consultant at Tax Consulting Office X has a positive impact because it makes calculations easier and resulting in work efficiency.

The Gateway to Financial Future: Analysis of the Level of Literacy and Enthusiasm of the Community towards Education Insurance in Indonesia

Fauzatul Laily Nisa, Putra Perdana Perdana, Anisa Fitria Utami — Mon, 30 Sep 2024 00:00:00 +0000

Education plays an important role in forming character, skills and knowledge to achieve success in the future. However, people are often faced with the challenge of increasingly expensive education costs. One solution is an education insurance product. The success of this implementation depends on the level of literacy and enthusiasm of the community. Objective: To analyze the level of literacy and enthusiasm of the public towards education insurance in Indonesia and evaluate the potential relationship between the two variables. This research used a survey method by distributing questionnaires to 32 respondents which included questions related to literacy level and enthusiasm for education insurance. Correlation analysis is used to evaluate the relationship between literacy level and community enthusiasm. Hypothesis testing with t-count provides a statistical view of its significance. The results of the analysis show that there is a significant negative relationship between literacy level and people's enthusiasm for education insurance (r = -0.388, t = -2.305). This means that the higher the literacy level, the lower the public's enthusiasm for education insurance products. This research identifies a significant negative relationship between literacy levels and public enthusiasm for education insurance in Indonesia. Higher literacy correlates with lower enthusiasm for educational insurance products. It is hoped that this research can help increase the effectiveness of literacy programs and marketing of educational insurance products to achieve wider financial inclusion.

The Effect of CAR, BOPO, and NPF on The Profit-Sharing Ratio of Sharia Commercial Banks in Indonesia for the Period 2009 – 2023

Fauzatul Laily Nisa, Renny Oktafia — Mon, 30 Sep 2024 00:00:00 +0000

This research aims to analyze the effect of CAR, BOPO, and NPF on Profit Sharing Ratio: Indonesian Islamic commercial banks in 2009-202. Data obtained from the Indonesian Sharia Agency website, with a quantitative analysis approach through multiple linear regression methods. The results of the analysis show that CAR and NPF have no influence on PSR, while BOPO has a negative and significant influence on the PSR variable. This finding indicates that capital and the level of non-performing financing have not been able to significantly increase revenue from profit-sharing financing, but operational efficiency is an important factor in increasing PSR in Islamic banks. This study provides recommendations for the management of Islamic banks to increase operational efficiency, improve financing quality.

Literature Study: Essential Factors Affecting Audit Quality

Indah Qothrun Nada, Acynthia Ayu Wilasittha — Mon, 30 Sep 2024 00:00:00 +0000

Audit quality is a key element in ensuring the integrity of financial statements and increasing stakeholder confidence. This study aims to identify and analyze the various factors that affect audit quality. The research method used is a literature study with research objects extracted from SINTA accredited journals using 20 literatures. The results of this study indicate that the factors that affect audit quality include audit time limits, work experience, independence, objectivity, integrity and competence. Improving audit quality can be achieved through improving auditor education and training, strengthening regulations, and implementing strict ethical standards. The implication of this study is the importance of concerted efforts to ensure auditors have the competence and integrity necessary to perform their duties effectively.

The Influence Of Audit Quality On Tax Avoidance Carried Out By Companies As Taxpayers: Literature Review

Ika Chandra Lukitasari, Erna Sulistyowati — Mon, 30 Sep 2024 00:00:00 +0000

Taxes are the most important sector to support the country's budget. Tax benefits for financing domestic infrastructure development play a vital role. Various types of businesses have mushroomed in Indonesia with various types, making the tax revenue sector must be monitored properly. Tax reporting in Indonesia cannot be separated from the role of external auditors in obtaining fairness of audits in their financial reports. The Company carries out a series of strategies to obtain as much profit as possible by paying reasonable taxes. However, the company's desire to implement an accountable accounting system sometimes encounters a series of polemics, resulting in decisions regarding tax avoidance. This study aims to investigate the relationship between audit quality and tax avoidance practices by companies. Audit quality is a key factor that can influence a company's decision to manage its tax obligations. In academic literature, audit quality is often measured through auditor independence, competence, experience and thoroughness in conducting audits. Tax avoidance, on the other hand, is a legal strategy used by companies to reduce their tax liabilities, often through legal loopholes or aggressive interpretations of tax regulations. Previous research shows that audit quality can limit this tax avoidance practice by increasing the transparency of financial reports and company compliance with applicable tax regulations

Sustainability Balanced Scorecard: Enhancing Financial Performance

Aulia Gandini, Dwi Suhartini, Endah Susilowati — Mon, 30 Sep 2024 00:00:00 +0000

This research aims to understand to what extent the Sustainability Balanced Scorecard (SBSC) is a measurement tool for enhancing a company's financial performance. A systematic literature review (SLR) of 20 articles published between 2020 and 2023 revealed that SBSC helps companies incorporate sustainability into management strategies through four perspectives: financial, customer, internal processes, and learning and growth. The findings indicate that SBSC improves profitability, operational efficiency, customer satisfaction, loyalty, and employee innovation and development. The successful implementation of SBSC hinges on management commitment, an innovative organizational culture, and the use of information technology. Additionally, the research demonstrates that SBSC offers significant benefits for small and medium enterprises (SMEs) in various industrial sectors, including manufacturing and services.

Factors Influencing Profitability in Food and Beverage companies listed on the indonesian Stock Exchange Period 2020-2022

Mellania Eka Febriani, Ambarwarti, Indrian Supheni — Mon, 30 Sep 2024 00:00:00 +0000

This research aims to determine the influence of accounts receivable turnover, inventory turnover, and working capital on profitability in Food and Beverage companies listed on the Indonesia Stock Exchange for the 2020-2022 period. This type of research uses quantitative methods with a causal associative approach. The population in this research is all food and beverage companies listed on the Indonesia Stock Exchange for the 2020-2022 period. The purposive sampling technique was used to obtain 108 samples. The analysis technique used was multiple linear regression, which was processed using the SPSS version 29 program. The research results show that partially (1) Receivables turnover has no significant effect on profitability. (2) Inventory turnover has no significant effect on profitability. (3) Working capital turnover has a significant effect on profitability. (4) simultaneously, accounts receivable turnover, inventory turnover, and working capital have a significant effect on profitability.

Views of Lecturers and Students: Does Artificial Intelligence Actually Affect Academic Fraud?

Oryza Tannar, Endah Susilowati — Mon, 30 Sep 2024 00:00:00 +0000

Artificial Intelligence is a system developed in the field of study that created either on a machine or a computer that has the same or even more intelligence as humans. This research is urgent to understand the views and attitudes of civitas regarding the ethics of using artificial intelligence in the campus environment, which is closely related to the values of country. Pancasila is a moral guide for defending the country in the use of AI to ensure benefits and justice. This research aims to determine the perceptions civitas regarding the use of AI in terms of moral development theory and the lecturer's professional code of ethics. The findings qualitativeshow that the perceptions of lecturers and students are in line with the theory of moral development and the lecturer's professional code of ethics, but internal campus system problems are the main problem in fixing the culture of deviant behavior. In conclusion, the balance of soft skills and hard skills education must be fostered with religious teachings and character by educators.

Analysis of Service Department Employee Declaration Procedures at Heavy Equipment Distributor Companies

Moch. Idris, Sofie Yunida Putri — Mon, 30 Sep 2024 00:00:00 +0000

This research analyzes employee declaration procedures in the Service Department of one of Surabaya's heavy equipment distributor companies. The research aims to understand the placement process and employee declaration procedures and identify the obstacles faced in their implementation. The research method is descriptive qualitative, with data collection techniques conducted through observation and interviews with related parties. The research results show that the employee declaration procedure is well structured. However, there are still challenges regarding waiting time for the disbursement of funds and the timeliness of submitting declarations by employees. This research implies the need for increased coordination and use of technology to speed up the verification process and disbursement of declared funds.

Analysis of the Application of Article 23 Income Tax on Service Income and the Effectiveness of Withholding Tax Slip Collection in Service Provider Companies

Habsiah Ramadhani Putri, Sofie Yunida Putri — Mon, 30 Sep 2024 00:00:00 +0000

This study was conducted to determine whether the implementation of tax article 23 complied with tax law No. 36 of 2008 and to assess the effectiveness of the withholding tax slip from article 23. The research method used was qualitative descriptive. The data used included tax invoices, invoices, withholding tax slips, interview results, and field observation findings. The investigation results revealed that the company had implemented Article 23 Income Tax in accordance with tax law No. 36 of 2008, and the withholding tax slips from customers were consistent with the company's internal tax records, indicating no discrepancies between the recorded tax and the tax that should be paid.

Analysis of ISAK 35 Implementation in Ruang Belajar Aqil Non-Profit Organizations Engaged in The Third Sector

Wandah Nur Aliyah, Sari Andayani — Mon, 30 Sep 2024 00:00:00 +0000

In managing the finances of non-profit organizations, it is important to have clear guidelines in financial reporting. This study examines the financial statements of a non-profit organization using ISAK No. 35. The purpose of this study is to determine how the implementation of financial statements based on ISAK No. 35 at the non-profit organization Ruang Belajar Aqil. According to ISAK 35, the financial statements of non-profit organizations include five components including statements of financial position, comprehensive income, changes in net assets, cash flows, and notes to the financial statements. The results showed that Ruang Belajar Aqil has only implemented ISAK No.35 since 2022. The application of ISAK 35 in this non-profit organization is still not fully in accordance with the provisions of the standard. Some of the main financial statements have been prepared properly, but there are still deficiencies in the presentation of the statements of changes in net assets, cash flows, and details of comprehensive income. The organization should improve the preparation of financial statements by complying with the provisions of ISAK 35 thoroughly to increase transparency and accountability.

The Role of Profitability in the Influence of ESG Disclosure and Agency Costs on Firm Value of IDX ESG Leaders Indexed

Mufidatur Rohmah, Siti Sundari, Tantina Haryati — Mon, 30 Sep 2024 00:00:00 +0000

This research aims to test and analyze the influence of ESG disclosure and agency costs on company value through profitability in IDX ESG Leaders indexed companies for the 2019-2023 period. The data sources for this research are Annual Reports and Sustainability Reports obtained on the Indonesian Stock Exchange website and each company's website. The population in this research is 927 companies listed on the IDX. The sample in this study was 15 companies obtained through purposive sampling technique with 5 years of observation so that the number of observations was 75. The data analysis technique used SEM-PLS assisted by Smart-PLS 3.0 software. The research results show that Agency Cost has an effect on Company Value through Profitability, but ESG Disclosure has no effect on Company Value through profitability in IDX ESG Leaders indexed companies.

Sustainability Disclosures of Islamic Banks in Indonesia

Endang Sri Mulatsih, Inten Meutia, Didik Susetyo, Hasni Yusrianti — Mon, 30 Sep 2024 00:00:00 +0000

This study discusses various initiatives and strategies implemented by several Islamic banks in Indonesia to support environmental sustainability, climate change adaptation, and social welfare improvement. The main focus includes greenhouse gas (GHG) emissions disclosure, climate change adaptation, disaster risk management, human rights, corruption prevention, and environmental and social responsibility (CSR) programmes. By adopting environmentally friendly technologies such as solar panels and LED lights to reduce GHG emissions, as well as conducting natural disaster simulation training to improve operational resilience to climate change. The implementation of anti-corruption policies and the application of international standards demonstrate a commitment to transparency and integrity. CSR programmes covering education, health and economy aim to improve community welfare. Biodiversity preservation efforts through tree planting and coastal ecosystem conservation demonstrate dedication to environmental sustainability. Through this holistic and transparent approach, the banks not only contribute to climate change mitigation but also create extensive social benefits for the community. This research is a qualitative approach with the ATLAS ti tool.

Developing a Predictive Model to Predict Cash Flow Using Time Series Analysis

Suci Dwilianti Tolla, Vicky Vendy — Mon, 30 Sep 2024 00:00:00 +0000

The main objective of this research is to provide accurate cash flow forecasts to support effective financial planning, risk management, and more informed decision making. This study aims to provide accurate predictions for future cash flows using annual data of PT Adaro Energy Tbk, PT Bukit Asam Tbk, and PT Bumi Resources Tbk from 2013 to 2022 based on the availability of existing data. The results showed that the ARIMA model was able to provide a fairly accurate cash flow forecast for the three companies. This prediction is expected to help companies optimize their performance, improve financial management, and create value for stakeholders. Therefore, the development of predictive models such as ARIMA becomes very important in supporting the financial stability and sustainability of company operations. Applying accurate cash flow forecasts helps companies overcome future business challenges and risks and increase overall company value. This research confirms that the use of ARIMA models in predicting cash flows not only improves the effectiveness of financial planning, but also plays a crucial role in sustainable and efficient business strategies. This provides valuable insights for company management in making better financial decisions and being responsive to market changes.

Village-Owned Agrotourism Business to Promote Community Welfare: An Islamic Perspective

Renny Oktafia, Fauzatul Laily Nisa — Mon, 30 Sep 2024 00:00:00 +0000

Tourism villages are now one of the factors that can drive the economy of village communities. Therefore, the potential of the village can be managed as a business that can support the village economy. One of the potentials that the village has is the agrotourism business. This research aims to determine the development of agrotourism businesses and their impact in improving community welfare according to an Islamic perspective.

This research uses a qualitative method with a case study research approach. Data collection techniques include observation, interviews, documentation in the form of photos of research results and written research results. Data analysis techniques include data reduction, data display and conclusions. Test credibility using source triangulation, technique triangulation, and time triangulation.

This research is related to the management of guava picking agrotourism in Kebaron Village, Sidoarjo district. The research results show that the agrotourism business is carried out by managing village land assets, which are leased to the community with an Ijarah agreement. This provides a platform for the community to open up opportunities to earn income through the agrotourism business. Apart from that, village land becomes more productive so it can be used to improve community welfare.

Effectiveness of Cash Expenditure Accounting Systems in Non-Profit Organizations

Iwan Mardana, Sofie Yunida Putri — Mon, 30 Sep 2024 00:00:00 +0000

This study aims to examine the effectiveness of the cash disbursement accounting system at a non-profit organization, namely the Hasnur Polytechnic, which is carried out using a qualitative approach through the interview method. Non-profit organizations have an important role in serving the community and meeting social needs. Therefore, it is important to ensure that the accounting system used to manage cash disbursements is effective and efficient. The research method used is a qualitative approach to the interview method. Interviews were conducted with related parties responsible for cash disbursements. The data obtained from the interviews were analyzed using a qualitative approach to identify the strengths and weaknesses of the existing cash disbursement accounting system. The results of this study indicate that the cash disbursement accounting system runs effectively and according to existing procedures, namely there is authorization for transactions from authorized parties, there is a separation of functions, using the cash basis method, and has made computerized records, but still not using certain accounting software in recording transactions.

Implementation of a Smart City-based Building Asset Inventory Internal Control System at the East Java Public Works and Water Resources Department

Fasihul Lisan, Sofie Yunida Putri — Mon, 30 Sep 2024 00:00:00 +0000

The era of technological development during industry 4.0 encouraged a sustainability monitoring system that involved digital transformation. Government agencies as public service organizations are required to use the principles of transparency, credibility and accountability both from serving the public and managing internally. This research was carried out as a requirement for a web-based asset management application system, namely proposing an approach to systematic and sequential software development and system progress in all analysis, design, code, testing and maintenance. This convenience can be a solution in accelerating the existing asset inventory system. so that it is easily accessible at any time. In addition, there is also a process of collecting data on incoming goods, condition of goods, measuring data on goods, location of goods so as to be able to provide data collection in the form of reports that can be used by leaders. This study uses an iteration method which uses the system development stage to create a reliable system. The stages created are expected to be able to provide clarity to users as system users in the future so that better development can be carried out. This article contains information on the use of a Smart City-based internal control system in an inventory of building assets that can provide significant benefits. By integrating information and communication technology, it helps improve the efficiency, transparency and accuracy of building asset management. In addition, this system also facilitates the maintenance and monitoring of asset conditions.