ANALYSIS OF FINANCIAL ACCOUNTING STANDARD STATEMENT 71 ON PROVISIONING FOR RECEIVABLE LOSSES


Nurhikmah Mustafa(1), Masnawaty S(2), Fajriani Azis(3*)

(1) Universitas Negeri Makassar, Indonesia
(2) Universitas Negeri Makassar, Indonesia
(3) Universitas Negeri Makassar, Indonesia
(*) Corresponding Author

Abstract


This study aims to analyze Financial Accounting Standard Statement 71 on the provision of receivable losses at PT Pelindo Jasa Maritim Subholding. Data collection techniques are carried out by conducting interviews and documentation. The data analysis technique is carried out by descriptive analysis by describing the findings based on the results of the data collected. The results of this study are that PT Pelindo Jasa Maritim has suppressed the movement of the impairment loss reserve in 2020 by 20.86%, while allowance for impairment losses for 2021 is 9.72% so it can be concluded that the determination, recognition and measurement of the impairment loss reserve at PT Pelindo Jasa Maritim, has been in accordance with Financial Accounting Standard Statement 71 from 2020-2021 even though seen from the percentage of credit still fluctuates. Financial Accounting Standard Statement 71 is very helpful in financial reporting and a significant allowance for impairment losses is included in the calculation of credit losses, the determination of this reserve depends on how much the four estimated future cash flows are to determine individual reserves.


Keywords


Allowance for Impairment Losses, Financial Accounting Standard Statement, Financial Instruments

Full Text:

PDF

References


Agoes, Sukrisno. (2019). AUDITING: Practical Guidelines for Accountant Examination by Public Accountants. (5th Edition Fourth Printing). Jakarta: Salemba Empat.

Arifullah, M. N., & Firmansyah, A. (2021). Provision for Receivables in Banking Sub-sector Companies in Indonesia: Implementation of the Implementation of PSAK 71. CURRENT: Journal of Current Accounting and Business Studies, 2(1), 122-142.

Armanto Witjaksono. (2018). Comparison of Accounting Treatment of Loans According to PSAK 55, PSAK 71, and Basel in Commercial Banks. Accounting and Finance; Faculty of Economics and Communication; Bina Nusantara University. 111 - 120

Atho, I. A., & Rahayu, D. (2022). Impact Analysis Before and After the Implementation of PSAK 72 on the Company's Financial Performance in Real Estate Companies on the Indonesia Stock Exchange in 2018-2021. Indonesian Journal of Innovation Studies, 20, 10-21070.

Azwar, K., Mulyana, A., Himawan, S. I., Astuti, Juwita, R., Yuniawati, I., R., Purwatiningsih, Dewi, K., I., K., Mirayanti, M. P. L., Widhiastuti, P. L. N., Wahyuni, D. P., Bagiana, K., and Sumartono. (2022). Introduction to Accounting. Makassar: CV. Tohar Media.

Bank Indonesia (2021). Payment System and Rupiah Money Management. https://www.bi.go.id/id/fungsi-utama/sistem-pembayaran/default.aspx

Edwards, G. A. (2016). Supervisors’ key roles as banks implement expected credit loss provisioning. SEACEN Financial Stability Journal, 7(1), 1-25.

Exposure Draft. (2016). Statement of Financial Accounting Standards Financial Instruments: Recognition and Measurement PSAK 71. Indonesian Accounting Association. www.iaiglobal.or.id.

Fachrizal, R. (2019). Anticipating the Risk of IFRS 9/PSAK 71 Implementation, BRI Adopts Solutions from SAS. https://infokomputer.grid.id/read/121611080/antisipasi risk-ifrs-implementation-ifrs- 9psak-71-bri-adopts-solutions-from-sas

Firmansyah, A. and Arifullah, N. M. (2021). Provision for Receivables in Banking Sub-sector Companies in Indonesia: Implementation of the Implementation of PSAK 71. Journal of Digital Accounting and Business Studies 2(1), 122-124. Jakarta: STAN State Finance Polytechnic.

Firmansyah, A., Ningrum, N. C., & Lubis, P. M. (2022). Cadangan kerugian penurunan nilai piutang perusahaan perbankan sebelum dan setelah implementasi PSAK 71. Journal of Financial and Tax, 2(1), 32-47.

Fitriana, A. V., Indrawati, A., Amrih, M., Sembiring, S., Budiantara, M., Rifani, R. A., ... & Lukman, S. D. S. (2023). Teori Akuntansi. PT. Sonpedia Publishing Indonesia.

Giner, B., & Mora, A. (2021). Bank loan loss accounting and its contracting effects: the new expected loss models. In Accounting and Debt Markets (pp. 111-137). Routledge.

Gope, A. (2018). Classificafion and measurement of Financial Instruments: IFRS 9. International Journal of Creative Research Thoughts, 6(1), 2385-2392.

Hamdan, M., Besar, M. H. A., Salleh, N. A. H., & Anshari, M. (2021, December). Small and Medium Enterprises & International Financial Reporting Standards (IFRS): Evidence from Emerging Economy. In 2021 International Conference on Sustainable Islamic Business and Finance (pp. 109-118). IEEE.

Hamdan, N. (2020). PSAK 71 Makes BCA's Capital Depleted Up to Rp8Trillion. https://www.tagar.id/psak-71-buat-modal-bca-tergerus up-to-rp-8-trillion.https://tirto.id/bagaimana-psak-71-memengaruhi banking-ehPf

Husni, M., Apriliani, W. A., & Idayu, R. (2022). INTRODUCTION Since the onset of the global financial crisis in 2008, the Group of 20 countries (G20), investors, regulators, and prudential authorities have called for improved standards and implementation of the Reserve. 2(71), 62-81. https://doi.org/10.46306/vls.v2i1.

IAI (2016). Classification and Measurement No. 71: Financial Instruments. Jakarta: Indonesian Accounting Association. www.iaiglobal.or.id.

IAI. (2015). Statement of Financial Accounting Standards No, 50: Financial Instruments, Presentation. Jakarta: Indonesian Accounting Association. www.iaiglobal.or.id.

IAI. (2017). Statement of Financial Accounting Standards No. 71: Financial Instruments. Jakarta: Indonesian Accounting Association. www.iaiglobal.or.id.

Indonesian Bar Association. (2019). Implementation of PSAK 71 in Banking. Bulletin of the Indonesian Banking Association. Vol 31/2019. http://ikatanbangkir.or.id.

Kasfianti. (2021). Application of PSAK 71 in the Calculation of Allowance for Impairment Losses (CKPN) at PT Bank Negara Indonesia Tbk. Regional Office 07 Makassar City. Journal of Accounting. Makassar: University of Muhammadiyah Makassar.

Kumari, N., & Khanna, J. (2017). Cashless payment: A behaviourial change to economic growth. Qualitative and Quantitative Research Review, 2(2).

Mackowiak, E. (2019). THE ADJUSTED ACQUISITION PRICE AS ONE OF THE PARAMETERS OF THE MEASUREMENT OF FINANCIAL INSTRUMENTS. Economic and Social Development: Book of Proceedings, 220-227.

Martani, D., Siregar, V, S., Wardani, R., Farahmita, A., and Tanujaya, E. (2018). Intermediate Financial Accounting Based on PSAK (Book 1 Edition 2 Fifth Printing). Jakarta: Salemba Empat.

Pertiwi, P., F. I., Puspitosari, I., and Wijayati, L. F. (2020). Introduction to Advanced Accounting. Depok: PT Raja Grafindo Persada.

Putri, F.S. (2013). The effect of credit risk and capital adequacy level on profitability in banking companies listed on the Indonesian stock exchange). Journal of Thesis Faculty of Economics, State University of Padang.

Rahayu, D. (2021). Analysis of the Implementation of PSAK 71 on Allowance for Impairment Losses (Case Study at Bank XYZ Tbk). Journal of Integrative Accounting 7(1), 13-25. East Java: University of Muhammadiyah Sidoarjo.

Rahmi, S. (2021). Teaching Materials for Basic Accounting Science. Padang: Bung Hatta University Publishing House.

Sholeha, R., & Suryono, B. (2019). Analisis Penerapan Sistem Informasi Akuntansi Dalam Meminimalisir Piutang Tak Tertagih Pada PT. Sumber Abadi Calya Mandakamandaka. Jurnal Ilmu dan Riset Akuntansi (JIRA), 8(11).

Sugiyono. (2017). Educational Research Methods Quantitative, Qualitative and R&D Approaches. Bandung: Alfabeta.

Sugiyono. (2019). Quantitative Qualitative Research Methods R&B. Bandung: Aflabeta.

Suprapty, E., Budiyah, F., Pertiwi, D., Alamanda, R. A., Tampubalon, G. E., Ferdawati, Amani, T., Yuliana, Narulita, S., Sunrowijaya, S., Rahayu, P. P. N. E., Rahmansyah, I. A., Sejati, R. F., and Perwitasari, A. D. (2022). Introduction to Accounting 2. Bandung: Media Sains Indonesia

Ulupui, I. G. K. A., Gurendrawati, E., & Murdayanti, Y. (2021). Pelaporan Keuangan Dan Praktik Pengungkapan. Goresan Pena.

Vargo, S. L., Lusch, R. F., & Morgan, F. W. (2014). Historical perspectives on service-dominant logic. In The Service-Dominant Logic of Marketing (pp. 47-60). Routledge.

www. https://jasamaritim.co.id/




DOI: https://doi.org/10.15575/aksy.v6i1.31610

Refbacks

  • There are currently no refbacks.