Pencatatan Akuntansi Dan Manajemen Laba Pada Perusahaan Di Indonesia Selama Pandemi Coronavirus (Covid-19)
Abstract
This research is a descriptive qualitative study that aims to explore the practice of accounting records adopted by business people and companies in Indonesia during the Coronavirus pandemic by comparing it with previous literature which has similar characteristics, namely past events that have an impact on unstable financial conditions. The data used in this study are secondary data, such as the results of previous studies, accounting lecturer dialogue forum press releases, Indonesian Accountants Association press releases, and several other online information sources. Overall, the discussion of this study shows that several accounting techniques can be used to reduce the negative impact of a pandemic on corporate financial reports. Some of the techniques companies can use during a pandemic include fair value accounting, income smoothing, loss avoidance, and big-bath earnings management. The results of the discussion in this study contribute to recent debates about the relevance of accounting to society. Although accounting - both as a discipline and practice - cannot be blamed for the negative effects of the pandemic on companies, it can be blamed as a social science for failing to assist in mitigating the negative effects of the pandemic on the financial performance of companies when managers are not allowed to exercise significant accounting wisdom. to mitigate the negative effects of the pandemic on their balance sheet. As the pandemic gets worse, more basic questions will be asked about the contribution of accounting to society, especially in reducing the negative impact of a crisis or pandemic on companies.
Keywords: Fair Value Accounting, Income Smoothing, Loss Avoidance, and Big-Bath Earnings Management, Coronavirus (Covid 19)
References
Asyik, N. F. (2007). Pola-pola Perilaku Eksekutif Berkaitan dengan Tahapan Penawaran Opsi Saham: Uji Komprehensif di Sekitar Tanggal Hibah. Jurnal Riset Akuntansi Indonesia, 10(3), 287–302.
Barman, D. (2020). Account Management and Financial Recording During the Coronavirus Pandemic. (10), 10–12.
Bezemer, D. J. (2010). Understanding financial crisis through accounting models. Accounting, Organizations and Society, 35(7), 676–688.
Copeland, R. M. (1968). Income Smoothing. Journal of Accounting Research, 6, 101–116.
Faccio, M., & Lang, L. H. P. (2002). The ultimate ownership of Western European corporations. Journal of Financial Economics, 65(3).
Hope, O. K., & Wang, J. (2018). Management deception, big-bath accounting, and information asymmetry: Evidence from linguistic analysis. Accounting, Organizations and Society, 70, 33–51.
Huizinga, H., & Laeven, L. (2012). Bank valuation and accounting discretion during a financial crisis. Journal of Financial Economics, 106(3), 614–634.
Jensen, M., C. & Meckling. W., H. (1976). Theory of The Firm: Managerial Behavior, Agency Cost, and Ownership Structure. Journal of Financial Economics, 3(4).
Jiambalvo, J. (1996). Discussion of Causes and Consequences of Earnings Manipulation: An Analysis of Firm Subject to Enforcement Actions by The SEC. Contemporary Accounting Research, 13(1), 37–47.
Khan, A.; Muttakin, M. B & Siddique, J. (2015). Audit Fees, Auditor Choice and Stakeholder Influence: Evidence From A Family-Firm Dominated Economy. The British Accounting Review, 47.
Laux, C., & Leuz, C. (2010). Did fair-value accounting contribute to the financial crisis? Journal of Economic Perspectives, 24(1), 93–118.
Muliati, N. K. (2011). Pengaruh Asimetri Informasi dan Ukuran Perusahaan pada Praktik Manajemen Laba di Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia. Universitas Udayana.
Ozili, P. K., & Arun, T. (2020). Spillover of COVID-19: impact on the Global Economy.
Ozili, P.K., & Arun, T. G. (2018). Income smoothing among European systemic and non-systemic banks. The British Accounting Review, 50(5), 539–558.
Ozili, P. K. (2017). Bank earnings smoothing, audit quality and procyclicality in Africa. Review of Accounting and Finance.
Pozen, R. C. (2009). Is it fair to blame fair value accounting for the financial crisis?
Rustam, R., Rashid, K., Zaman, K. (2013). The Relationship Between Audit Committees, Compensation Incentives and Corporate Audit Fees In Pakistan. Economic Modelling, 31, 697–716.
Schipper, K. (1989). Commentary on Earnings Management. Accounting Horizons, 3, 89–102.
Scott, W. (2006). Financial Accounting Theory (4th ed.). Toronto: Pearson Education Canada, Inc.
Scott, W. (2015). Financial Accounting Theory. Printice Hall.
Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: PT Alfabet.
Véron, N. (2008). Fair value accounting is the wrong scapegoat for this crisis. Accounting in Europe, 5(2), 63–69.
Villalonga, B., & Amit, R. (2006). How Does Family Ownership, Control and Management Affect Firm Value? Journal of Financial Economics, 80(2), 385–417.
Widyaningdyah, A. U. (2001). Analisis Faktor-Faktor yang Berpengaruh Terhadap Earnings Management pada Perusahaan Go Public di Indonesia. Jurnal Akuntansi & Keuangan, 2(3), 89–101.
