Implementation of PSAK 73: Study of Financial Ratios of PT Aneka Tambang, Tbk
DOI:
https://doi.org/10.46799/ijssr.v3i11.602Keywords:
Implementation, PSAK 73, Financial ratiosAbstract
This research aims to analyze changes in PSAK regarding rent, which affects financial performance at PT Aneka Tambang Tbk. Implementing PSAK 73 requires lessees to classify operating leases into finance leases except for short-term leases and assets with a low basis. Lessees with future operating lease commitments must capitalize the lease assets and liabilities. Lease capitalization causes assets and liabilities to increase and equity to decrease in the statement of financial position while net profit in the comprehensive income statement increases. This is because the expenses that arise from the capitalization of rent, namely depreciation and interest expenses, are smaller than the rent expenses written off. The quantitative descriptive research uses secondary data sources in the form of PT Aneka Tambang Tbk's financial reports in 2019 before changes to the PSAK Lease and in 2020 after changes to PSAK. The research results show that changes to PSAK impact the company's financial performance as assessed by financial ratios.References
Adomako, S., & Tran, M. D. (2022). Sustainable environmental strategy, firm competitiveness, and financial performance: Evidence from the mining industry. Resources Policy, 75. https://doi.org/10.1016/J.RESOURPOL.2021.102515
Ejigu, M. E., & Desalegn, T. A. (2023). How does strategic planning influence the performance of financial institutions? An empirical study of Ethiopia. IIMB Management Review, 35(1), 26–39. https://doi.org/10.1016/J.IIMB.2023.03.003
Erica, D. (2018). Analisa rasio laporan keuangan untuk menilai kinerja perusahaan PT Kino Indonesia Tbk. Jurnal Ecodemica, 2(1), 12–20.
Fahmi, I. (2012). Analisis kinerja keuangan: panduan bagi akademisi, manajer, dan investor untuk menilai dan menganalisis bisnis dari aspek keuangan.
Fu, C., Yu, C., Guo, M., & Zhang, L. (2024). ESG rating and financial risk of mining industry companies. Resources Policy, 88, 104308. https://doi.org/10.1016/J.RESOURPOL.2023.104308
Hanafi, M. A. N., & Syam, S. (2019). Analisis Kinerja Keuangan Berdasarkan Prinsip Camel Pada Pt. Bank Rakyat Indonesia (BRI) Yang Terdaftar Di Bursa Efek Indonesia. PAY Jurnal Keuangan Dan Perbankan, 1(1), 48–57.
Hardy, N., Ferreira, T., Quinteros, M. J., & Magner, N. S. (2023). “Watch your tone!”: Forecasting mining industry commodity prices with financial report tone. Resources Policy, 86. https://doi.org/10.1016/J.RESOURPOL.2023.104251
Hilman, R., Nangoy, S. C., & Tumbel, A. L. (2014). Kinerja Keuangan Menggunakan Analisis Rasio Likuiditas, Leverage, Aktivitas Dan Profitabilitas Untuk Pengambilan Keputusan Pada PT. Pln Area Manado. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 2(1). https://doi.org/10.35794/emba.2.1.2014.3815
Indonesia, I. A. (2021). Standar akuntansi keuangan.
Iswandana, R. M. (2018). Konvergensi IFRS 16 Leases: Potensi Implikasi dan Kebijakan Perpajakan Bagi Sektor Industri Telekomunikasi .
Jiang, C., Zhou, Y., & Chen, B. (2023). Mining semantic features in patent text for financial distress prediction. Technological Forecasting and Social Change, 190. https://doi.org/10.1016/J.TECHFORE.2023.122450
Keuangan, S. A., & Indonesia, I. A. (2011). Aset Tetap. Jakarta: Ikatan Akuntan Indonesia.
Kieso, D., Weygandt, J., & Warfield, T. (2018). Intermediate Accounting Third Edition IFRS Edition. Hoboken: Wiley.
Kumar, S. S., & Jie, Q. (2023). Exploring the role of financial inclusion in poverty reduction: An empirical study. World Development Sustainability, 3, 100103. https://doi.org/10.1016/J.WDS.2023.100103
Munarty, Y. (2020). ANALISIS DAMPAK PENERAPAN PSAK 73 TENTANG SEWA PADA KINERJA KEUANGAN INDUSTRI PERTAMBANGAN.
Neilson, B. (2023). Investigating the Impact Financial Content Structure has on Consumer Appreciation: An Empirical Study of Australian Statement of Advice Documents. The Journal of Finance and Data Science, 100103. https://doi.org/10.1016/J.JFDS.2023.100103
Nguembi, I. P., Yang, L., & Appiah, V. S. (2023). Safety and risk management of Chinese enterprises in Gabon’s mining industry. Heliyon, 9(10). https://doi.org/10.1016/J.HELIYON.2023.E20721
Plotnikova, V., Dumas, M., & Milani, F. P. (2022). Applying the CRISP-DM data mining process in the financial services industry: Elicitation of adaptation requirements. Data and Knowledge Engineering, 139. https://doi.org/10.1016/J.DATAK.2022.102013
Prajanto, A. (2020). Implementasi PSAK 73 atas sewa terhadap kinerja keuangan pada BUMN yang terdaftar Di Bursa Efek Indonesia. JAKA (Jurnal Akuntansi, Keuangan, Dan Auditing), 1(2). https://doi.org/10.56696/jaka.v1i2.4277
Putri, R. A. (2021). Analisis Perbandingan Dampak Pengakuan dan Pengukuran Sewa oleh Penyewa berdasarkan PSAK 30 dan PSAK 73 terhadap Pelaporan Sewa dan Kinerja Keuangan PT Telekomunikasi Indonesia (Persero) Tbk. Jurnal Ilmiah Mahasiswa FEB, 9(1).
Ronyastra, I. M., Saw, L. H., & Low, F. S. (2023). A review of methods for integrating risk management and multicriteria decision analysis in financial feasibility for post-coal-mining land usage selection. Resources Policy, 86. https://doi.org/10.1016/J.RESOURPOL.2023.104260
Ross, S. A. (1978). Some notes on financial incentive-signalling models, activity choice and risk preferences. The Journal of Finance, 33(3), 777–792.
Safitri, A., Lestari, U. P., & Nurhayati, I. (2019). Analisis dampak penerapan PSAK 73 atas sewa terhadap kinerja keuangan pada industri manufaktur, pertambangan dan jasa yang terdaftar di Bursa Efek Indonesia tahun 2018. Prosiding Industrial Research Workshop and National Seminar, 10(1), 955–964.
Srimindarti, C. (2004). Balanced scorecard sebagai alternatif untuk mengukur kinerja. Fokus Ekonomi, 3(1), 52–64.
Van Horne, J. C., & Wachowicz Jr, J. M. (2012). Prinsip-Prinsip Manajemen Keuangan, Fundamental of Financial Management. Jakarta: Salemba Empat.
Vu, K., & Asongu, S. (2023). Patterns and drivers of financial sector growth in the digital age: Insights from a study of industrialized economies. Research in International Business and Finance, 66. https://doi.org/10.1016/J.RIBAF.2023.102075
Yousefian, M., Bascompta, M., Sanmiquel, L., & Vintró, C. (2023). Corporate social responsibility and economic growth in the mining industry. Extractive Industries and Society, 13. https://doi.org/10.1016/J.EXIS.2023.101226
Published
Issue
Section
License
Copyright (c) 2023 Heni Suryanti
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
