THE IMPACT OF PSAK 73 IMPLEMENTATION ON LEASES IN INDONESIA TELECOMMUNICATION COMPANIES

Hendri Josep Saing, Amrie Firmansyah

Abstract

This study investigates the impact of PSAK 73 implementation regarding Leases by Telecommunications Companies in Indonesia. This study employs a qualitative approach with content analysis. The basis of content analysis in this study is data and information sourced from the company's audited financial statements. The employed data is secondary data in companies' financial statements in the telecommunications sub-sector in 2019 and 2020, sourced from www.idx.co.id. Based on the availability of data, the sample employed in this study consists of 4 companies. This study concludes that the PSAK 73 implementation impacts an increase in asset and liability items. The increase in debt to asset ratio, debt to equity ratio can increase the cost of capital borne by the company, although on the other hand, the return on assets and the return on equity have increased. This study indicates that the companies need to mitigate the risks associated with implementing the newly enacted financial accounting standards. In addition, this study indicates that the Indonesian Chartered Accountants should consider the risks borne by companies related to the implementation of financial accounting standards in Indonesia.

Full Text:

PDF

References

Ahalik, A. (2019). Perbandingan standar akuntansi sewa PSAK 30 sebelum dan sesudah adopsi IFRS serta PSAK 73. Jurnal Aset (Akuntansi Riset), 11(1), 169-178. https://doi.org/10.17509/jaset.v11i1.17612

Branswijck, D., & Longueville, S. (2011). The financial impact of the proposed amendments to IAS 17: evidence from Belgium and the Netherlands. Accounting and Management Information Systems, 10(2), 275–294.

Cnbcindonesia.com. (01 Juli 2020). Baru Saja Untung, Garuda Merugi Lagi di Q1-2020 karena Covid. https://www.cnbcindonesia.com/market/ 20200701182341-17-169535/baru-saja-untung-garuda-merugi-lagi-di-q1-2020-karena-covid

Hagar, A. A., & Djärv, T. (2015). Lease Accounting Modification: A qualitative study about how Swedish listed companies are preparing as well as adapting to the proposed amendments in IAS 17 Leases. Junkoping University: Thesis.

Hsieh, H. F., & Shannon, S, E. (2005). Three Approaches to Qualitative Content Analysis. Qualitative Health Research, 15(9), 1277-1288.

Haris, F. H., & Rachman, R. (2021). Analisis penerapan akuntansi sewa guna usaha (PSAK 30) studi kasus pada PT. BFI Finance Indonesia Tbk. Jurnal Ilmiah Akuntansi Kesatuan, 9(1), 109-120.

Idrus, M. (2016). Penerapan PSAK No. 30 tentang akuntansi leasing aktiva tetap pada PT Bumi Sarana Beton. Jurnal Ilmiah Bongaya, 15, 129-152.

IAI (2014). Pernyataan Standar Akuntansi Keuangan Nomor 30 Tentang Sewa. Jakarta: Dewan Standar Akuntansi Keuangan.

IAI (2017). Pernyataan Standar Akuntansi Keuangan Nomor 73 Tentang Sewa. Jakarta: Dewan Standar Akuntansi Keuangan.

Iaiglobal.or.id. (30 November 2020). Draf Eksposur PSAK 73 (Penyesuaian Tahunan 2020) Sewa. iaiglobal.or.id/v03/files/file_berita/DE%20PENYESUAIAN%20TAHUNAN%20PSAK%2073.pdf

IASB. (2016). Effects analysis IFRS 16 leases. International Accounting Standards Board.

IASC. (1997). IAS 17 leases. International Accounting Standards Committee.

Khersiat, O. M. (2020). The impact of the adoption of IFRS 16 on accounting conservatism in airlines: the case of Royal Airlines of Jordan. International Journal of Economics and Business Administration, 8(3), 589-601.

Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2017). Intermediate accounting: IFRS edition. 3rd edition. New York: Wiley

Kurniawan, A. B. (2018). The impact of PSAK 73 implementation towards financial statements and key financial ratios of retail companies in Indonesia. Universitas Gadjah Mada: Skripsi.

Mashuri, A. A. A., & Ermaya, H. N. L. (2021). Penerapan standar akuntansi PSAK 73 leases terhadap kinerja keuangan perusahaan yang terdaftar di Bursa Efek. Jurnal MONEX, 10(1), 26-43.

Morales-Díaz, J., & Zamora-Ramírez, C. (2018): Effects of IFRS 16 on key financial ratios: a new methodological approach. Accounting in Europe, 15(1), 1-33.

Ojk.go.id. (Desember 2020). Data dan statistik Lembaga pembiayaan. https://www.ojk.go.id/id/kanal/iknb/data-dan-statistik/lembaga-pembiayaan/Documents/Buku%20Statistik%20Lembaga%20Pembiayaan%202015.pdf

Onlinelearning.binus.ac.id. (12 September 2020). Aset: Lebih Baik Membeli atau Menyewa?. https://onlinelearning.binus.ac.id/2020/09/12/aset-lebih-baik-membeli-atau-menyewa-2/

Otoritas Jasa Keuangan Indonesia. 2019. Statistik Lembaga Pembiayaan. Jakarta: Otoritas Jasa Keuangan Indonesia.

Öztürk, M., & Serçemeli M. (2016). Impact of new standard “IFRS 16 leases” on statement of financial position and key ratios: a case study on an airline company in Turkey. Business and Economics Research Journal, 7(4), 143-158.

Rosyid, M. I. F., & Firmansyah, A. (2021). Implementasi PSAK 73 terkait sewa pada PT. Telekomunikasi Indonesia Tbk. Bilancia: Jurnal Ilmiah Akuntansi, 5(1), 26-37.

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. https://doi.org/10.35313/irwns.v10i1.1447

Sandi, Y. B., Sanjaya, A. W., & Firmansyah, A. (2020). Implikasi penerapan dini PSAK 73 tentang sewa (leases) pada PT Unilever Indonesia Tbk. Bunga Rampai: Studi Kasus Akuntansi Keuangan, 311-338.

Thebusinessresearchcompany.com. (Desember 2020). Leasing Global Market Report 2021: COVID-19 Impact And Recovery To 2031. https://www.thebusinessresearchcompany.com/report/leasing-global-market-report-2020-30-covid-19-impact-and-recovery

Tirani, U. G. (2018). Analisis dampak implementasi PSAK 73 terhadap laporan posisi keuangan dan rasio keuangan PT Garuda Indonesia (Persero) Tbk. Universitas Gadjah Mada: Skripsi

Tjun, LT & Rajagukguk, SM. (2013). Pengaruh PSAK 30 sewa guna usaha terhadap kemampuan pasar dalam memprediksi laba perusahaan di masa yang akan datang. Working Paper.

Refbacks

  • There are currently no refbacks.