Shafin: Sharia Finance and Accounting Journal

The Company Share Prices in Indonesia During the Covid-19 Pandemic

2024-05-15T07:02:19+07:00

The Covid-19 pandemic in 2019 to 2021 affected world economic conditions, including inflation, currency exchange rates and world gold prices. This situation changed the direction of investment from the real sector to investing in gold and stocks. This study analyzed the variables of inflation, the rupiah exchange rates, the price of gold on the share prices of PT ANTM, Tbk. The approach used causalistic quantitative by processing secondary data in the form of monthly report data that had been published on the official website. The population and sample were 36 samples of monthly reports obtained by total sampling technique. To test and analyze the hypothesis SPSS version 20 was used. The results of the study: first, inflation has a significant effect on share prices, with a significance value of 0.030.; second, the price of gold has no effect and is not significant on stock prices, with a significance value of 0.422; third, the exchange rate has no effect and is not significant on stock prices, with a significance value of 0.093; fourth, inflation, gold price and exchange rate variables simultaneously have a significant effect on share prices, with a significance value of 0.002. 0.05). Investors were interested in investing in Mining Company shares during the Covid-19 pandemic. This investment decision was regardless of Indonesia's economic situation at the time of Covid-19 which was completely uncertain, especially in investment.

The Role of Internal Audit in The Merger and Acquisition Process to Provide Added Value: A Critical Review

2024-05-15T09:23:32+07:00

Purpose – This research focuses on how internal audit influences added value in the merger and acquisition (M&A) process. One of the internal audits provides value added by doing due process diligence For M&A transactions. The failure rate in creating value for companies and shareholders through M&A is still relatively high. Factors contributing to such failures include cultural differences between organizations, overly optimistic decisions based on market assessments, overestimating synergies, and inappropriate technology assessments. In overcoming these risks, the role of internal audit becomes crucial. This research underscores how internal audits can aid in recognizing and addressing the risks linked to M&A, particularly during the strategy, feasibility assessment, and results integration implementation phases.

Methodology – This research uses descriptive qualitative analysis methods

Findings – Research demonstrates that internal audit plays a vital role in guaranteeing the seamless operation of the M&A process. Internal audits help identify the various risks involved in the M&A process, from market and financial risks to legal and cultural risks. In addition, internal audits also provide recommendations for improvements needed to ensure that the M&A process runs according to the company's plans and goals. Thus, the contribution of internal audit is significant in ensuring the success of every M&A transaction carried out by the company.

Originality – This article comprehensively discusses internal audit activities in the M&A process so the internal audit activity can add value to the company.

Akuntansi Pendapatan berbasis Nilai Kearifan Lokal “Mopo’o Tanggalo Duhelo”

2024-05-15T07:04:55+07:00

This study aims to reveal the values of local wisdom behind the practice of income accounting. The paradigm used in this research is Islam. Ethnomethodology is chosen as the research approach. There are five stages of data analysis; charity, knowledge, faith, revealed information, and courtesy, The results of the study show that currently the daily income of the coachmen is less than in previous years. This is because currently there are many types of transportation that can be chosen by the community. Meanwhile, the coachmen could earn a lot of income when they sell horses. The income earned by the bendi charioteers is based on the value of patience. This value is reflected in the decision of the charioteers to stay in this profession even though their daily income is less than in previous years. This value is created on the basis of the belief that patience is needed in obtaining sustenance from God. In the culture of the Gorontalo people, parents (the elders) often give advice about the importance of patience in living life's problems through the expression (lumadu) mopo'odateo duhelo which means full of patience

The Determinant of Corporate Social Responsibility (CSR): The Role of Green Accounting as Moderating Variable in Indonesia

2024-05-15T07:08:07+07:00

This study aims to determine the role of Green Accounting in the relationship between environmental performance and Disclosure of Corporate Social Responsibility (CSR) in JII 70 Companies for the 2018-2020 period. This research is a type of quantitative research and the data in this research is secondary data in the form of panel data sampling technique with purposive sampling technique. The samples used were 24 companies registered on JII 70 for the 2018-2020 period. The data collection method is carried out by accessing financial reports and annual reports which can be accessed through the website www.idx.co.id. The data is processed using the Eviews10 analytical tool. The analytical method used is a descriptive test, stationarity test, regression model test, classical assumption test, t-test, F test, and MRA test. The results showed that the environmental performance variable has a positive and significant effect on the disclosure of Corporate Social Responsibility. The green accounting variable has a positive and insignificant effect on the disclosure of Corporate Social Responsibility. After conducting the MRA test it shows that the green accounting variable cannot moderate the effect of Environmental Performance on Disclosure of Corporate Social Responsibility.

Implementation Implementation of PSAK No. 102 at BMT UGT Nusantara Pamekasan Branch

2024-05-15T09:07:33+07:00

PSAK No. 102 covers recognition and measurement, presentation and disclosure in murabahah financing in Sharia Cooperatives and Sharia Financial Institutions to sell or buy, as well as the implementation of murabahah transactions for cooperatives or Sharia financial institutions. Until now, many people are interested in murabaha financing. The number of enthusiasts who use murabaha financing, then automatically in murabaha financing will often be recorded transactions. The purpose of this study is to determine how the application of PSAK 102 at BMT UGT Nusantara Pamekasan Branch. By using qualitative methods with a case study approach and type of field research. Sources of data obtained through primary data and secondary data, which primary data to the deputy branch head, AOAP and teller, as well as secondary data in the form of financial reports from BMT UGT Nusantara Pamekasan Regency Branch. Based on the results of his research, in BMT UGT Nusantara Pamekasan Branch is in accordance with PSAK 102, but there are some points that are not yet appropriate and still need to be refined by BMT. Such as BMT does not provide murabahah without orders, BMT does not provide collateral other than motorcycle BPKB, BMT does not measure inventory at cost, BMT does not have significant risks associated with inventory ownership and BMT does not provide penalties.

Effect of Auditor Ethics, Audit Experience, and Auditor Motivation on Internal Audit Quality

2024-05-15T07:06:54+07:00

The purpose of this study is to investigate how auditor motivation, audit experience, and ethics relate to the quality of audit result as evaluated by internal supervisors in local government. This study is driven by the perception that the government's internal oversight system lacks professionalism due to its poor performance in identifying state financial management fraud. Using Partial Least Square - Structural Equation Modeling (PLS-SEM) with SmartPLS 4 to assess the research model following the distribution of a questionnaire to thirty auditors designated to examine state financial management within the Central Halmahera Regency Government's jurisdiction. The study's findings demonstrate the significance of auditor ethics, audit experience, and motivation in completing audit duties in producing high-quality audit outcomes

Implikasi Keberadaan Goodwill Pada Laporan Keuangan (Manfaat dan Distorsi)

2024-07-04T14:07:18+07:00

This article discusses the impact of goodwill on financial statements, focusing on its benefits and distortions. Goodwill, an intangible asset arising from acquisitions where the purchase price exceeds the fair value of identifiable assets, can have a positive impact on a company's financial statements by increasing its net assets or equity. However, despite its benefits, goodwill also raises concerns, particularly about the accuracy of the recorded value. The valuation of goodwill is often based on estimates and assumptions, which increases the risk of inaccuracies in its measurement. Through a qualitative literature review, this study finds that while goodwill impairment may cause investors and stakeholders to revise their expectations of future earnings and cash flows, it may also lead to managerial opportunism, thereby reducing its reliability. To mitigate such risks, companies can improve audit quality and implement effective corporate governance practices. Finally, this study provides valuable insights into the impact of goodwill on financial reporting practices.