Evaluasi Dampak Perlakuan Rugi Laba Penjabaran Laporan Keuangan  

Oleh:

Baridwan, Zaki

Jenis: Article from Bulletin/Magazine
Dalam koleksi: KELOLA Gadjah Mada University Business Review vol. VI no. 16 (1997), page 62-73.
Topik: financial reporting; financial statements; indonesia; international accounting standards commitee; return on investment; wilcoxon signed rank test

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: KK11.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The development of international business in the last decade caused the emergence of multi - national companies around the world. This situation created the need of new accounting standards that relate to the consolidation of financial statements. The structure of multi - national companies, which owned many subsidiary companies, cause the need to consolidate their subsidiary "financial statements into one consolidated statements". Further, because many of the subsididaries are located in foreign countries, the consolidation proses requires considering the effects of exchange rates fluctuation. There are four different methods of transalation available. The most widely used is the current rate method which translates balance sheet items using the average rate. The indonesian accounting standards, which is based on the international accounting standards no. 21, require the use of current rate method, and include translation gains or losses in the equity section of the balance sheet. One different approach that is mentioned in the exposure draft no. 44 of the international accounting standards commitee requires that the translation gains or losses are to be included in determining net income. This study evaluates the effect of different treatments of translation gains or losses. Data were collected from financial statements of 58 companies for the periods of 1994 and 1995. Exchange rates data were collecetd from the report of bank indonesia. Two different tests, correlation and wilcoxon signed rank test, were performed. The results shows that the two amounts are significantly different. The treatment of translation gains or losses as the element of income statement inflates the amount of both net income and ROI.

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