Analisis Implementasi PSAK 71 Terhadap Cadangan Kerugian Penurunan Nilai (Studi Kasus Pada PT Bank XYZ Tbk)

Rahayu, Duwi

doi:10.29080/jai.v7i1.315

Cited by 8 publications

(14 citation statements)

References 1 publication

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“…This indicator has the aim of comparing the financial statements of banking sector companies with PSAK 71 whether the banking sector companies have implemented them in accordance with applicable regulations. Rahayu (2021) claim that ED PSAK 71 is a major breakthrough in improving the quality of financial reporting related to the recognition of impairment of financial instruments so that the information produced is more timely, relevant and understandable by users of financial statements. ED PSAK 71 introduces the expected credit loss method in measuring financial instrument losses.…”

Section: Journal Of Management Accounting General Finance and Interna...mentioning

confidence: 99%

Impairment in Value of Psak 7 Financial Accounting Standards, Classification of Accounting Measurements in Hedging Companies in the Banking Sector Due to Corona Virus

Fery

2022

MARGINAL

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The less difference between SAK and IFRS can provide benefits for stakeholders in commercial banks in Indonesia. Companies that have public accountability, regulators try to make the necessary regulatory infrastructure, especially in capital market transactions, as well as users of financial statement information can use or use financial accounting standards as a guide in improving the quality of information produced in financial statements. value, financial instruments, measurement classification, hedging in banking sector companies due to the corona virus. The results showed that the banking sector experienced a decline in value with the entry of the Corona Virus outbreak which lasted long enough so that the banking sector was depressed which resulted in the value of PSAK 71 changing the condition of banking financial statements so that risk hedges arise from certain risks that can affect profit and loss or comprehensive income. others, in the case of investments in equity instruments that the entity has selected to represent changes in fair value in other comprehensive income.

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Section: Journal Of Management Accounting General Finance and Interna...mentioning

confidence: 99%

Impairment in Value of Psak 7 Financial Accounting Standards, Classification of Accounting Measurements in Hedging Companies in the Banking Sector Due to Corona Virus

Fery

2022

MARGINAL

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“…Banking issuers as entities that have the characteristics of financial assets are one of the industries that feel the direct impact of changes in financial accounting standards (Witjaksono, 2018). Meanwhile, the effect is formed in the allowance for impairment losses previously based on PSAK 55 was replaced by PSAK 71 related to financial instruments (Rahayu, 2021).…”

Section: Introductionmentioning

confidence: 99%

Literature Review: “Implementation of Allowance for Impairment Loss Reserves Based on Psak 71 in Financial Institutions”

Addu,

Hariz

2024

Accrual

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The aims of this research is to determine the implementation of impairment loss reserves based on PSAK 71 in financial institutions using secondary data from 11 previous journals. This research used qualitative approach with literature review method. Result of a reseach is there are several important found in this research. Analysis of 11 journal publications related to the implementation of impairment loss reserves based on PSAK 71 in financial institutions from 2020-2024 is as follows:First, mostly methods used by previous journal were qualitative approach using secondary data, some of which were sourced from the IDX website and interviews to answer phenomena related to the implementation of impairment loss reserves based on PSAK 71 in financial institutions, amounted 9 (82%) of 11 journals obtained. Meanwhile, quantitative approach used,amounted 2 (18%) of 11 journals obtained. Second, object of research conducted in previous research related to the implementation of impairment loss reserves based on PSAK 71 was dominated by bank financial institutions amounted 8 (73%) journals obtained. Meanwhile, non-bank institutions amounted 3 (27%) journals obtained. Third, based on the journals found by the authors based the object of previous research, there are 9 (82%) journals obtained that implemented PSAK 71. Meanwhile, there are 2 (18%) journals obtained that do not implemented PSAK 71. The implementation of PSAK 71 has been widely adopted by many entities. This indicates a significant trendtowards compliance with the accounting standard, reflecting the importance placed on adhering to regulatory requirements within the financial reporting landscape.

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“…Kustina and Putra (2021) reviewed the profitability of banking companies after the implementation of PSAK 71. Arifullah and Firmansyah, (2021) and Rahayu (2021) reviewed the implementation of CKPN specifically for bank receivables after PSAK 71 implementation. Rizal and Shauki (2019) examined the possibility of early implementation of PSAK 71.…”

Section: Introductionmentioning

confidence: 99%

Investor response to the implementation of IFRS 9 in Indonesian banking companies

Firmansyah,

Kurniawati,

Miftah

et al. 2023

J. Akun. Audit. Ind.

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This study examines the effect of allowance for impairment losses on firm value. Allowance for impairment losses on the company's financial assets in the context of implementing IFRS 9 in the form of PSAK 71 in Indonesia on a forward-looking basis is different from the implementation of previous accounting standards, which was on a backward-looking basis. Quantitative methods are employed in this study using secondary data from banking financial reports sourced from www.idx.co.id during the 2019-2021 period. In addition, this study also employs stock price data sourced from www.finance.yahoo.co.id. The main data in this study is data for 2020, which is the first year of application of PSAK 71. While data for 2019 is used to compare the year before the application of PSAK 71, and 2021 is used to compare the application of PSAK 71 in the second year. Data testing was performed using multiple linear regression analysis for cross-section data. This study concludes that the allowance for impairment losses positively affects firm value in the first year. The results of this test are relevant in the second year of the implementation of PSAK 71. Meanwhile, it shows that the allowance for impairment losses has no effect on firm value in the year before the implementation of PSAK 71. This research contributes to the literature on implementing new financial accounting standards in Indonesia related to investor response in the capital market.

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Analisis Implementasi PSAK 71 Terhadap Cadangan Kerugian Penurunan Nilai (Studi Kasus Pada PT Bank XYZ Tbk)

Cited by 8 publications

References 1 publication

Impairment in Value of Psak 7 Financial Accounting Standards, Classification of Accounting Measurements in Hedging Companies in the Banking Sector Due to Corona Virus

Impairment in Value of Psak 7 Financial Accounting Standards, Classification of Accounting Measurements in Hedging Companies in the Banking Sector Due to Corona Virus

Literature Review: “Implementation of Allowance for Impairment Loss Reserves Based on Psak 71 in Financial Institutions”

Investor response to the implementation of IFRS 9 in Indonesian banking companies

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