Shafin: Sharia Finance and Accounting Journal

Analysis of the Implementation of Interpretation of Financial Accounting Standards (ISAK) 35

Lailatul Ulfiyah, Ahmad Djalaluddin — Wed, 23 Oct 2024 00:00:00 +0700

Tujuan utama dari penelitian ini adalah untuk memahami dan menganalisis penerapan ISAK 35 dalam pelaporan keuangan Pondok Pesantren. Penelitian ini menggunakan metode deskriptif kualitatif dengan jenis pendekatan studi kasus. Hasil penelitian ini menunjukkan bahwa laporan keuangan Pondok Pesantren Sabilul Muttaqin Mojokerto tidak disusun berdasarkan ISAK 35 karena bendahara Pondok Pesantren tidak mengetahui dan mempelajari laporan keuangan yang sesuai dengan lembaga nirlaba Dengan demikian, catatan hanya mencakup transaksi tunai masuk dan keluar. Selain itu, latar belakang pendidikan bendahara tidak menekankan masalah keuangan. Namun, setelah diteliti, laporan keuangan pesantren tersebut sesuai dengan prinsip ISAK 35. Ini termasuk pencantuman laporan laba rugi komprehensif, laporan arus kas, laporan posisi keuangan, laporan perubahan aset bersih, dan CALK (Catatan atas Laporan Keuangan), sehingga memungkinkan pengumpulan yang lebih mudah dan lebih tepat pengumpulan informasi keuangan terkait Pondok Pesantren Sabilul Muttaqin Mojokerto.

Evaluasi Pendapatan Daerah Melalui Retribusi Pasar Kota Malang Tahun 2018-2022

Moh Iqbal Firdiyansah, Isnan Murdiansyah — Sun, 27 Oct 2024 00:00:00 +0700

The objective of this study is to examine the mechanism of market levy collection and analyze the growth of market levy revenue from 2018 to 2022. This research employs a qualitative approach, where the data consist of descriptive narratives from reports received by the author, which are then collected and analyzed to reach valid conclusions. The findings indicate that the levy collection mechanism begins with the registration of traders, tariff setting in accordance with Regional Regulation No. 4 of 2023, and levy collection by collectors, which is then deposited into the Regional General Cash Account (RKUD) via Bank Jatim. Strict supervision is conducted through levy receipt evidence and audits by the Regional Inspectorate. The analysis of market levy revenue growth from 2018 to 2022 shows fluctuations, with a significant increase in 2019 by 12.69%, a decrease in 2020 by 25.76% due to the Covid-19 pandemic, and a recovery in 2021 and 2022 by 10.68% and 23.35%.

Determinant Factors of The Frequency Of Fraud Occurance: Study on Sharia Banking in Indonesia

M Hadi Alamsyah Abdullah Hasan, Any Eliza, Rahmat Fajar Ramdani, Ersi Sisdianto — Mon, 28 Oct 2024 07:29:59 +0700

This study investigates the determinant factors of the frequency of fraud on sharia banking in Indonesia. This study employed frequency of fraud occurance as dependent variable, quality of islamic corporate governance implemantation and bank complexity as independent variable. This research is a quantitative research with the type of data used, namely secondary data obtained from the official website of each bank and the OJK website. The data analysis used is multiple regression analysis using the E-Views 10 application. The results of this study show that partially the variable quality of the implementation of Islamic corporate governance has a positive effect on the frequency of fraud occurance and bank complexity does not have a significant positive effect on the frequency of fraud occurance.

Pengaruh Narsisme CEO, Kepemilikan Asing Dan Keputusan Investasi Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018-2022

Weri Oktavia, Septria Susanti — Tue, 29 Oct 2024 00:00:00 +0700

Abstract:

This research is motivated by the fact that manufacturing companies listed on the Indonesian Stock Exchange are experiencing low financial performance and are at risk for the company's survival. This research is a quantitative study which aims to find out the influence of CEO narcissism, foreign ownership and investment decisions on the financial performance of manufacturing companies listed on the BEI in 2018-2022. The data collection technique uses a purposive sampling technique with secondary data types and sources obtained from financial reports via the official website of the Indonesia Stock Exchange. The data analysis technique used is multiple linear regression analysis processed using SPSS 24. The results of this study show that CEO narcissism does not have a significant effect on financial performance. Foreign ownership has a positive and significant effect on financial performance. Then investment decisions have a negative and significant effect on financial performance. The research results simultaneously show that CEO narcissism, foreign ownership and investment decisions have a positive and significant effect on corporate financial performance in manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2022 period.

Keywords: CEO narcissism; Foreign Ownership; Investationdecision; Financial performance

Persepsi Etis Penghindaran Pajak: Tinjauan Pengaruh Perilaku Keputusan Investasi dan Love of Money

M. Riduan Abdillah, Astia Putriana, Yasir Hadiani — Thu, 31 Oct 2024 00:00:00 +0700

This research aims to find empirical evidence regarding testing the effect of investment decision behavior and love of money on ethical perceptions of tax avoidance in order to answer the challenges of the phenomenon of investment and entrepreneurial education amidst advances in technology and information, especially for the millennial generation who are predominantly from universities. This research focuses on examining financial attitudes/behavior. The rise of investment risk is directly proportional to ethical or non-ethical tax behavior. This research method is a quantitative method. The population of this study were students of the Accounting/Economics Study Program at Universities in South Kalimantan. The sampling technique in this study used a purposive sampling method, obtaining 272 respondents. The research results show that investment decision behavior has no effect on ethical perceptions of tax avoidance. Apart from that, love of money effects the ethical perception of tax avoidance. These empirical findings can be a reference in identifying challenges in order to minimize tax avoidance.

Accounting Analysis of Cost and Benefit of Celebrity Endorsements in Micro, Small and Medium Enterprises

Ira Hasti Priyadi, Uly Mabruroh Halida, Safiratul Jannah, Alfiatur Rohmaniyah — Tue, 05 Nov 2024 00:00:00 +0700

Indonesian. Abstract describes the purpose of research writing, methodology, and shows the In the era of digitalization, social media has become an integral part of human life, not only as a communication tool but also as a branding and marketing platform. This phenomenon creates opportunities for businesses to use celebrities, well-known individuals on social media, as product promotion agents. However, this strategy is not without significant costs. This research aims to conduct a cost-benefit analysis (CBA) on product promotion through celebrity endorsements in Indonesia, with a focus on MSMEs in Pamekasan. Mixed research methods are used to combine quantitative and qualitative approaches. Data was obtained through interviews with MSME actors and program celebrities, documentation and literature studies. Quantitative data includes endorsement rates for well-known celebrities, while qualitative data involves evaluating the benefits received by MSMEs. It is known that celebgrams charge varying rates, with some of the most expensive celebgrams reaching IDR 50,000,000. A cost-benefit analysis was conducted to assess the efficiency of investment in this promotion. It can be seen that several MSMEs achieved the highest Cost-Benefit Ratio (CBR), indicating high efficiency in generating benefits.

Strategy of Derivatives Hedging: Maintaining and Increasing Firm Value amidst Market Volatility in Indonesia

Heri Purnomo, Bambang Sugeng, Puji Handayati — Tue, 05 Nov 2024 00:00:00 +0700

This study examines the relationship of derivative hedging and firm value. With 1520 observations from 380 Indonesian non-financial firms. The research method used is quantitative explanatory with regression analysis panel data. We involved eight control variables to adjust the influence of external factors. We found that the application of derivative hedging strategies contributes to an increase in the firm value through risk reduction. We also found that commodity derivatives and currency derivatives play a more active role as risk tools than interest rate derivatives. In the context of economic uncertainty and high market fluctuations, firms are exposed to various financial risks, including currency and commodity risks. By implementing an effective hedging strategy, the firm can reduce cash flow volatility and increase financial stability. In addition, reducing uncertainty through risk management can improve investor perception and lower the cost of capital. This result is in line with the principle of Modigliani & Miller (1958) that the firm value is determined by the resulting cash flow. Thus, the practice of risk management is not only relevant but can also reinforce the propositions of Modigliani & Miller (1958) in a more realistic and specific context. The findings underscore the importance of proactive risk management in the face of dynamic market challenges. In addition, this study provides new insights into hedging practices in developing countries. With a better understanding of the impact of using derivatives, firms can manage risk more efficiently and increase their attractiveness in the eyes of investors. So that firm managers can plan the use of derivative instruments as an effective hedging strategy.