Article Sidebar

Download
PDF
Statistic
Read Counter : 519 Download : 4605

Main Article Content

Abstract

The development of companies in the agricultural sector is supported by the availability of information, which is also a consideration for decision-making by company owners or company management. As a result, the company's annual report must include as much information as possible. Agricultural companies are required to disclose their biological assets under PSAK 69. However, many agricultural companies have not fully disclosed their biological assets. The focus of the research is to observe how biological assets, company growth, auditor type, and public ownership influence biological assets disclosure. Plantation & crops companies listed on the Indonesia Stock Exchange (IDX) are the population for this study, with a total of 25 entities. 13 out of 25 companies became the research sample taken using a purposive sampling method. The research technique uses panel data regression in Eviews 10. The findings of this study are biological assets intensity and auditor type have a significant positive impact on biological assets disclosure. Company growth has an insignificant positive effect on the disclosure of biological assets, public ownership has an insignificant negative effect on the disclosure of biological assets.

Keywords

Biological assets Auditor type Growth Public Ownership PSAK 69

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Aminah, A., Suhardjanto, D., Rahmawati, R., Winarna, J., & Oktaviana, D. (2022). Biological Asset Disclosure in Indonesia. Ilomata International Journal of Tax and Accounting, 3(4), 397-407. https://doi.org/10.52728/ijtc.v3i4.561

References

  1. Alfiani, L. K., & Rahmawati, E. (2019). Pengaruh Biological Asset Intensity, Ukuran Perusahaan, Pertumbuhan Perusahaan, Konsentrasi Kepemilikan Manajerial, dan Jenis KAP Terhadap Pengungkpan Aset Biologis (Pada Perusahaan Agrikultur yang Terdaftar di Bursa Efek Indonesia Periode 2014-2017). Reviu Akuntansi Dan Bisnis Indonesia, 3(2), 56–75. https://doi.org/10.18196/rab.030243
  2. Arham, M. A., Fadhli, A., & Dai, S. I. (2020). Does Agricultural Performance Contribute to Rural Poverty Reduction in Indonesia? JEJAK, 13(1), 69–83. https://doi.org/10.15294/jejak.v13i1.20178
  3. Arvidsson, S. (2011). Disclosure of non‐financial information in the annual report. Journal of Intellectual Capital, 12(2), 277–300. https://doi.org/10.1108/14691931111123421
  4. Azzahra, V., Luthan, E., & Fontanella, A. (2020). Determinan Pengungkapan Aset Biologis (Studi Empiris pada Perusahaan Agriculture yang Terdaftar di Bursa Efek Indonesia. Ekonomis: Journal of Economics and Business, 4(1), 230. https://doi.org/10.33087/ekonomis.v4i1.114
  5. Bashir, A., Suhel, S., Azwardi, A., Atiyatna, D. P., Hamidi, I., & Adnan, N. (2019). The Causality Between Agriculture, Industry, and Economic Growth: Evidence from Indonesia. ETIKONOMI, 18(2), 155–168. https://doi.org/10.15408/etk.v18i2.9428
  6. Bohušová, H., & Svoboda, P. (2016). Biological Assets: In What Way should be Measured by SMEs? Procedia - Social and Behavioral Sciences, 220, 62–69. https://doi.org/10.1016/j.sbspro.2016.05.469
  7. Bozzolan, S., Laghi, E., & Mattei, M. (2016). Amendments to the IAS 41 and IAS 16 and implications for accounting of bearer plants. Agricultural Economics (Zemědělská Ekonomika), 62(No. 4), 160–166. https://doi.org/10.17221/48/2015-AGRICECON
  8. Brigham, E. F., & Houston, J. F. (2018). Dasar-Dasar Manajemen Keuangan (A. A. Yulianto (ed.); 14th ed.). Salemba Empat. https://penerbitsalemba.com/buku/02-0334-dasardasar-manajemen-keuangan-1-e14
  9. Buchanan, B., Cao, C. X., & Chen, C. (2018). Corporate social responsibility, firm value, and influential institutional ownership. Journal of Corporate Finance, 52, 73–95. https://doi.org/10.1016/j.jcorpfin.2018.07.004
  10. Carolina, A., Kusumawati, F., & Chamalinda, K. N. L. (2020). Firm characteristics and Biological Asset Disclosure on Agricultural Firms. Jurnal Akuntansi Dan Keuangan, 22(2), 59–71. https://doi.org/10.9744/jak.22.2.59-71
  11. Cindy, & Madya, S. (2018). Faktor Yang Memengaruhi Pertumbuhan Perusahaan, Kinerja Keuangan, Dan Pembiayaan Eksternal Terhadap Pengungkapan Sukarela Beserta Implikasinya Terhadap Kualitas Laba. Jurnal Akuntansi, Auditing Dan Keuangan, 15(1), 1–33. https://ejournal.atmajaya.ac.id/index.php/BALANCE/article/view/74
  12. Dewi, N. H. U., Ludigdo, U., Hariadi, B., & Prihatiningtyas, Y. W. (2018). Is Accounting for Agricultural Asset Applicable in Indonesia? Russian Journal of Agricultural and Socio-Economic Sciences, 81(9), 60–69. https://doi.org/10.18551/rjoas.2018-09.07
  13. Elad, C., & Herbohn, K. (2011). Implementing fair value accounting in the agricultural sector (1st ed.). Edinburgh Institute of Chartered Accountants of Scotland. https://westminsterresearch.westminster.ac.uk/item/8zxy2/implementing-fair-value-accounting-in-the-agricultural-sector
  14. Gonçalves, R., & Lopes, P. (2014). Firm-specific Determinants of Agricultural Financial Reporting. Procedia - Social and Behavioral Sciences, 110, 470–481. https://doi.org/10.1016/j.sbspro.2013.12.891
  15. Hayati, K., & Serly, V. (2020). Pengaruh Biological Asset Intensity, Growth, Leverage, Dan Tingkat Internasional Terhadap Pengungkapan Aset Biologis. JURNAL EKSPLORASI AKUNTANSI, 2(2), 2638–2658. https://doi.org/10.24036/jea.v2i2.236
  16. Healy, P. M., & Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1–3), 405–440. https://doi.org/10.1016/S0165-4101(01)00018-0
  17. Herbohn, K. F., & Herbohn, J. L. (2006). International Accounting Standard (IAS) 41: What are the implications for reporting forest assets? Management and Policy, 5(2), 175–189. https://doi.org/https://doi.org/10.1007/s11842-006-0009-1
  18. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
  19. Khairiyakh, R., Irham, I., & Mulyo, J. H. (2016). Contribution of Agricultural Sector and Sub Sectors on Indonesian Economy. Ilmu Pertanian (Agricultural Science), 18(3), 150. https://doi.org/10.22146/ipas.10616
  20. Kurniawati, D., & Yuliando, H. (2015). Productivity Improvement of Small Scale Medium Enterprises (SMEs) on Food Products: Case at Yogyakarta Province, Indonesia. Agriculture and Agricultural Science Procedia, 3, 189–194. https://doi.org/10.1016/j.aaspro.2015.01.037
  21. Kurniawati, H. (2013). Tinjauan Rencana Adopsi IAS 41 pada Perusahaan Agrikultur di Bursa Efek Indonesia. Binus Business Review, 4(1), 461–472. https://doi.org/10.21512/bbr.v4i1.1411
  22. Mansoor, M. (2021). Citizens’ trust in government as a function of good governance and government agency’s provision of quality information on social media during COVID-19. Government Information Quarterly, 38(4), 101597. https://doi.org/10.1016/j.giq.2021.101597
  23. Martini, M. (2012). Causes of corruption in Indonesia. https://knowledgehub.transparency.org/assets/uploads/helpdesk/338_Causes_of_corruption_in_Indonesia.pdf
  24. Mirović, V., Milenković, N., Jakšić, D., Mijić, K., Andrašić, J., & Kalaš, B. (2019). Quality of biological assets disclosures of agricultural companies according to international accounting regulation. Custos e Agronegocio, 15(4), 43–58. https://www.cabdirect.org/cabdirect/abstract/20203215341
  25. Nasrun, M. A., Fariastuti, F., & Indra, S. (2020). The Role of Agricultural Sector in Explaining Poverty in Indonesia: A Study Case of West Kalimantan. International Journal of Economics and Financial Issues, 10(5), 297–303. https://doi.org/10.32479/ijefi.10334
  26. Octisari, S. K. (2020). Tingkat Manajemen Laba pada Perusahaan Agribisnis dengan Aset Biologis di Wilayah Asia Setelah Konvergensi IFRS. E-Jurnal Akuntansi, 30(5), 1131. https://doi.org/10.24843/EJA.2020.v30.i05.p05
  27. Prekazi, Y. (2022). Transparency of Financial Reports of Companies in The Republic of Kosovo. PRIZREN: Social Science Journal, 6(1), 95–100. https://doi.org/10.32936/pssj.v6i1.318
  28. Velasco-Muñoz, J. F., Mendoza, J. M. F., Aznar-Sánchez, J. A., & Gallego-Schmid, A. (2021). Circular economy implementation in the agricultural sector: Definition, strategies and indicators. Resources, Conservation and Recycling, 170, 105618. https://doi.org/10.1016/j.resconrec.2021.105618
  29. Widada, A. W., Mulyo, J. H., & Nasir, M. A. (2020). Role Of Agricultural Sector In Facing Economic Disparity In The Special Province Of Yogyakarta. Jurnal Agribest, 4(1), 1. https://doi.org/10.32528/agribest.v4i1.2966
  30. Zulaecha, H. E., Rachmania, D., & Amami, A. S. (2021). Pengungkapan Aset Biologis pada Perusahaan Algikultur di Indonesia serta Faktor yang Mempengaruhinya. COMPETITIVE Jurnal Akuntansi Dan Keuangan, 5(1), 122. https://doi.org/10.31000/competitive.v5i1.4062