Jurnal Ilmiah Accusi (EISSN : 2620-5815) is a journal published by the Accounting Study Program, Faculty of Economics, Simalungun University which contains scientific articles on Accounting. The results of the research published in this journal are expected to increase the repertoire of knowledge in the field of Accounting as well as make a means for professionals from the business world, education, or researchers to disseminate the development of science and technology in the field of Accounting through the publication of research results. The Accusi Scientific Journal is published periodically every May and November Managed by Program Studi Akuntansi Universitas Simalungun, the journal maintains rigorous academic and ethical standards in scholarly publishing. It provides a professional platform for original research articles, technical papers, case studies, and review articles that contribute to both theoretical development and practical application in accounting disciplines. The journal encourages interdisciplinary approaches that integrate perspectives from Financial Accounting, Management Accounting, Audit, Accounting Information System, Tax accounting, Sharia Accounting, Behavioral Accounting, Public Sector Accounting, Financial Management, Cost Management, and financial studies to address contemporary fiscal and regulatory challenges. As an accredited journal in the Science and Technology Index (SINTA 3) Indonesia, and indexed in reputable academic databases including GARUDA (Garba Rujukan Digital), Google Scholar, Crossref, and Dimensions
Program Studi Akuntansi Universitas Simalungun
Analysis Of the Implementation of Accounting Information Systems in MSMEs in Medan City in Improving the Quality of Financial Information
The rapid growth of Micro, Small, and Medium Enterprises (MSMEs) in Medan City represents a significant driver of the regional economy. However, many MSMEs continue to face persistent challenges in the preparation, recording, and presentation of financial information, primarily due to limited understanding and adoption of Accounting Information Systems (AIS). This study aims to analyze the extent to which AIS is applied by MSMEs in Medan City and to examine the impact of its implementation on the quality of financial information produced. A qualitative descriptive methodology was employed, with data collected through observation, structured interviews with MSME owners and administrative staff, and documentation review. The findings reveal that the majority of MSMEs in the study sample have not yet implemented a formal AIS, relying instead on manual recording methods that are prone to error and incompleteness. Among those with partial AIS adoption, the quality of financial information measured across dimensions of relevance, reliability, comparability, and understandability was demonstrably higher than in non-adopting enterprises. The study concludes that AIS implementation, even at a basic level, significantly contributes to improved financial information quality and supports more informed managerial decision-making. Key barriers to adoption include limited digital literacy, cost constraints, and the absence of structured accounting training
Copyright (c) 2026 Rimky Mandala Putra Simanjuntak, Mulatua P Silalahi, Duma Rahel Situmorang (Author) https://creativecommons.org/licenses/by/4.0
Investment Efficiency under Information Asymmetry: Evidence from Indonesian Food and Beverage Firms
This study examines the effects of financial reporting quality, debt maturity, institutional ownership, and profitability on investment efficiency in Food and Beverage companies listed on the Indonesia Stock Exchange during 2022–2024. Using a quantitative approach, the study analyzes 36 firm-year observations selected through purposive sampling. Secondary data were obtained from annual reports and audited financial statements and analyzed using multiple linear regression. The results show that financial reporting quality and debt maturity do not significantly affect investment efficiency. In contrast, institutional ownership has a significant negative effect, while profitability has a significant positive effect on investment efficiency. These findings suggest that governance and performance-related factors play a more important role in influencing investment efficiency than reporting quality and debt structure. The model explains 19.4% of the variation in investment efficiency, while the remaining variation is attributable to factors outside the model. This study contributes to the literature on investment efficiency by providing evidence from the Indonesian Food and Beverage industry
Copyright (c) 2026 Fauziah Kumalasari, Vicky Rosalia (Author) https://creativecommons.org/licenses/by/4.0
Morality as a Boundary Condition in Fraud Prevention: Evidence from Village Fund Management
This study examines the effect of apparatus competence and internal control systems on fraud prevention in village fund management, with morality acting as a moderating variable in villages within Lae Parira District, Dairi Regency, North Sumatra. The study employs a quantitative approach using primary data collected through questionnaires distributed to village officials directly involved in village financial management. The data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) with the assistance of SPSS software. The findings reveal that apparatus competence does not have a significant effect on fraud prevention, while the internal control system has a positive and significant effect on fraud prevention. However, morality is not able to strengthen the relationship between apparatus competence, internal control systems, and fraud prevention in the moderated model. These findings suggest that fraud prevention in village fund management does not solely depend on individual competence or moral values, but also requires consistent supervision and effective governance practices within village administration
Copyright (c) 2026 Yuni Lestari Br Sitepu, Juni Anggraini, Jayne Amita Ompusunggu (Author) https://creativecommons.org/licenses/by/4.0
Financial Performance Analysis Using Liquidity, Solvency, Profitability and Activity Ratios at PT XL Axiata, Tbk
This study aims to measure and analyze the financial performance of PT XL Axiata Tbk for the 2019–2022 period using a financial ratio approach. This is a quantitative study that utilizes secondary data in the form of the company’s annual financial statements for the observation period. The analytical tools used include liquidity ratios (current ratio, quick ratio, and cash ratio), solvency ratios (debt-to-asset ratio and debt-to-equity ratio), and profitability ratios (Net Profit Margin, Return on Assets, and Return on Equity). The results indicate that, overall, the financial performance of PT XL Axiata Tbk during this period was suboptimal. The company’s liquidity ratios are classified as poor due to the low ability of current assets to cover current liabilities. Solvency ratios also indicate suboptimal conditions due to the high proportion of debt relative to equity. Furthermore, the company’s profitability ratios are classified as poor, reflecting the company’s insufficient efficiency in generating profits from the utilization of its total assets and equity
Copyright (c) 2026 Johanes Wilfrid Pangihutan Purba, Yulita Santa Nova Girsang, Nursahrina Sinaga (Author) https://creativecommons.org/licenses/by/4.0
Optimizing MSME Profitability: The Impact of Production Costs On Operating Profit (Case Study: Cassava Chips MSME at Simpang 3 Sibatu Batu Road)
This study aims to analyze the influence of production costs on business profits and optimize profitability in Cassava Chips MSMEs (Micro, Small, and Medium Enterprises) located at Simpang 3 Jalan Sibatu Batu, PematangSiantar City. This research utilizes a quantitative method with a descriptive approach and simple linear regression analysis. The population in this study consists of the financial records of the Cassava Chips MSME owners, while the sample includes production cost data and business profit data over a 5-year period. The financial analysis utilized includes profitability ratios: R/C Ratio (Revenue/Cost Ratio), ROI (Return On Investment), and Profit Margins (Gross Profit Margin, Operating Profit Margin, and Return On Equity). The results indicate that production costs have a positive and significant impact on business profits. However, an increase in production costs that is not matched by an increase in selling price causes a decline in profit annually. Furthermore, the profitability ratio analysis shows a decline in financial performance due to rising production costs. The research indicates that efficient cost management is proven, where is accepted and is rejected. It is recommended to implement systematic cost recording, increase efficiency, adjust selling prices, and expand marketing to optimize profitability
Copyright (c) 2026 Desmi Triyanti Purba, Elfina O P Damanik, Mahaitin H Sinaga, Melpi Riska Situmorang (Author) https://creativecommons.org/licenses/by/4.0
The Effect of Capital Structure (DER And DAR) On ROA Of Industrial Goods Sub-Sector Companies Listed on The Indonesia Stock Exchange
This study is motivated by the importance of capital structure management in improving corporate profitability, particularly in the industrial goods subsector, which requires substantial funding. The study aims to analyze the effect of Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR) on Return on Assets (ROA). A quantitative approach with an associative design was employed, using purposive sampling to select 12 companies with 60 observations during the 2020–2024 period. Secondary data were obtained from annual financial statements and analyzed using multiple linear regression, supported by classical assumption tests, t-tests, F-tests, and the coefficient of determination. The results show that partially, DER and DAR do not significantly affect ROA, while simultaneously they have a significant effect. The Adjusted R Square value of 0.163 indicates limited explanatory power. Additionally, DER and DAR exhibit a negative relationship with ROA, implying that increased leverage does not necessarily enhance profitability
Copyright (c) 2026 Eva Sriwiyanti, Wico J Tarigan, Diana L Hutagalung (Author) https://creativecommons.org/licenses/by/4.0
Regional Budget and Regional Development in Simalungun Regency: A Var Approach
This study aims to determine the preparation and control of regional budgets in supporting regional development in Simalungun Regency and the use of the Vector Auto Regressive (VAR) Method to provide strategic recommendations in supporting regional development in Simalungun Regency. The research method used in this study is the VAR econometric method aimed at analyzing economic relationships using empirical data and statistical tools and this research design uses quantitative research with an econometric approach whose analysis emphasizes numerical data (numbers) processed by statistical methods. Data collection techniques used in this study are documentation and interviews. Based on the Impulse Response Function Analysis, the relationship between Regional Budget Preparation and Control on Regional Development is mutually influential, with temporary impacts before finally returning to stability. Therefore, budget preparation and control policies in Simalungun Regency must consider short-term and long-term impacts on regional development. More effective planning is needed to ensure that budget allocations not only support regional economic growth but also maintain fiscal balance in the long term
Copyright (c) 2026 Kristianto Kristianto, Desmi Triyanti Purba, Resna Napitu, Johan Alfred Sarades Silalahi, Agung Yuda Permana (Author) https://creativecommons.org/licenses/by/4.0
The Effect of Investment Knowledge 0n Investment Interest Through The Mediating Role of Investment Risk Perception Among Gen Z Communities in Pematangsiantar City
This study examines the effect of investment knowledge on investment interest among Gen Z communities in Pematangsiantar City, with investment risk perception positioned as a mediating variable. Gen Z represents a productive demographic group with substantial potential to participate in investment activities; however, this potential must be supported by adequate investment knowledge and a rational understanding of investment risk. This study employed a quantitative research approach using primary data collected through questionnaires and interviews with 60 respondents. The respondents were selected using purposive sampling, with the sample limited to Gen Z individuals residing in Pematangsiantar City. The data were analyzed through validity testing, reliability testing, normality testing, coefficient of determination analysis, and hypothesis testing. The findings reveal that investment knowledge has a positive and significant effect on investment interest. Investment knowledge also has a negative and significant effect on investment risk perception, while investment risk perception has a negative and significant effect on investment interest. Furthermore, the results confirm that investment risk perception mediates the relationship between investment knowledge and investment interest. These findings imply that higher investment knowledge may strengthen investment interest both directly and indirectly by reducing excessive perceptions of investment risk among Gen Z communities
Copyright (c) 2026 Mahaitin H Sinaga, Desmi Triyanti Purba, Liper Siregar (Author) https://creativecommons.org/licenses/by/4.0
Market Reaction to The Announcement of Energy Asset Integration: An Event Study of PT Chandra Asri Pacific Tbk (TPIA) Shares
This study aims to analyze market reactions to the announcement of PT Chandra Asri Pacific Tbk.'s (TPIA) energy asset integration through the completion of the acquisition of Shell Energy and Chemicals Park in Singapore, which was integrated into Aster Chemicals and Energy. This research applies a quantitative approach using an event study method. The data consist of TPIA daily stock prices, market index data, trading volume, outstanding shares, and the official corporate announcement date. The event window covers five trading days before and five trading days after the effective event date. April 8, 2025, is used as the effective event date because it represents the first trading day after the transaction announcement and the stock exchange holiday period. Market reaction is measured using abnormal return, cumulative abnormal return, and trading volume activity. The results show a positive abnormal return of 7.90% on the effective event date and a positive cumulative abnormal return of 3.34% at the end of the event window. However, the paired sample t-test indicates no significant difference in abnormal return before and after the announcement, with a significance value of 0.763. The trading volume activity test also shows no significant difference, with a significance value of 0.449. These findings indicate that the energy asset integration announcement contains information descriptively, but it does not generate a strong and statistically consistent short-term market reaction. This study contributes to financial accounting, capital market, and sustainability accounting literature by explaining investor responses to strategic corporate actions related to business transformation and sustainability
Copyright (c) 2026 Sri Martina, Yoan Hendrawan Junpridan Saragih, Rohim Makumulloh (Author) https://creativecommons.org/licenses/by/4.0
Enhancing Digital Payment Efficiency: The Role of QRIS Perceived Usefulness and Ease of Use
This study investigates the influence of perceived Usefulness and ease of use on digital payment efficiency among university students who utilize QRIS in Indonesia. Positioned within the Technology Acceptance Model, the study aims to assess the post-adoption impact of these two constructs on transaction efficiency. A quantitative method was employed using Structural Equation Modeling (SEM) with SmartPLS 0.4 on a sample of 100 students. The instrument's reliability and validity were confirmed through outer loading, Cronbach's alpha, composite reliability, and AVE tests. Results indicate that perceived Usefulness has a more substantial effect (β = 0.546, p < 0.001) than ease of use (β = 0.335, p < 0.01) in enhancing payment efficiency. The model achieved a good fit (SRMR = 0.069; NFI = 0.796) and an R² of 0.716 for digital payment efficiency. These findings highlight the behavioral mechanisms through which students perceive payment efficiency and underscore the importance of utility perceptions in driving system performance. The article discusses these findings using theoretical reasoning from TAM and empirical evidence in fintech behavior studies to demonstrate how QRIS adoption can be optimized among digital-native users
Copyright (c) 2026 Elfina Okto Posmaida Damanik, Hengki Mangiring Parulian Simarmata, Sri Martina, Robert Tua Siregar (Author) https://creativecommons.org/licenses/by/4.0
Accounting Information System Analysis of Death Insurance Claims Payment at PT Taspen (PERSERO) Pematangsiantar Branch Office
This study aims to analyze the implementation and effectiveness of accounting information systems in the death insurance claim payment process at PT Taspen (Persero) Pematangsiantar Branch Office. The research method used is a qualitative approach with descriptive methods through data collection techniques including interviews, questionnaires, and documentation. The results show that the accounting information system has been implemented systematically from claim submission, document verification, data processing, to fund disbursement. The system is considered effective in improving efficiency, timeliness, and accuracy of information, although there are still obstacles such as incomplete documents affecting the process. Thus, the accounting information system plays an important role in supporting operational performance and service quality
Copyright (c) 2026 Vitryani Tarigan, Marintan Saragih (Author) https://creativecommons.org/licenses/by/4.0
Environmental Disclosure and Tax Compliance in Extractive Sector Firms with Profitability as Moderator
This study examines how environmental disclosure influences tax compliance in extractive sector companies in Indonesia, while also considering the role of firm size and profitability as a moderating factor. Using a quantitative approach, the study relies on secondary data drawn from annual and sustainability reports of companies listed on the Indonesia Stock Exchange. The analysis is conducted using multiple linear regression with Moderated Regression Analysis (MRA). The findings show that environmental disclosure significantly improves tax compliance, whereas firm size does not have a significant effect. In addition, profitability strengthens the relationship between environmental disclosure and tax compliance, but does not moderate the relationship between firm size and tax compliance. These results highlight that greater environmental transparency is associated with higher tax compliance, particularly among firms with stronger financial performance
Copyright (c) 2025 Yuni Lestari Br Sitepu, Vicky Rosalia, Simpati Mellyginta Sinuhaji (Author) https://creativecommons.org/licenses/by/4.0
Analysis Of Application - Based Bill Transaction Information System To Increase Customer Payment Awareness (Case Study Of PDAM Tirtauli Pematangsiantar City)
This study aims to analyze the accounting information system of cash receipts and expenditures at PDAM Tirtauli Pematangsiantar and assess the effectiveness of its implementation. Accounting information systems have an important role in managing financial data into accurate and usable information in decision-making. The research method used is a descriptive method with a qualitative approach. Data collection techniques are carried out through interviews, observations, and documentation. The results of the study show that the accounting information system for cash receipts and cash expenditures at PDAM Tirtauli has clear procedures and runs according to the provisions. However, in its implementation, there are still several weaknesses such as suboptimal separation of duties, lack of supervision, and documentation that is not well organized. This shows that internal control has not been running optimally. Therefore, improvements are needed in the system in order to increase the effectiveness and efficiency of cash management
Copyright (c) 2026 Marintan Saragih, Vitryani Tarigan (Author) https://creativecommons.org/licenses/by/4.0
Sustainability Reporting and Its Impact on Financial Performance: Evidence from Indonesian Public Companies
This study aims to analyze the impact of sustainability reporting on the financial performance of public companies listed on the Indonesia Stock Exchange (IDX) for the period 2015–2024. A quantitative approach was adopted using secondary data from sustainability reports and annual financial statements of 120 non-financial companies listed on the IDX that published sustainability reports. Dependent variables include Return on Assets (ROA), Return on Equity (ROE), and Tobin’s Q, while the primary independent variable is the sustainability disclosure index measured using the Global Reporting Initiative (GRI) framework. Panel data analysis with fixed effects and random effects approaches was employed. Results indicate that sustainability disclosure has a significant positive effect on ROA (β = 0.214, p < 0.001), ROE (β = 0.187, p < 0.01), and Tobin’s Q (β = 0.312, p < 0.001), indicating that companies that comprehensively disclose sustainability practices have better financial performance and market value. These findings reinforce the literature on the positive relationship between environmental and social responsibility and firm value creation in the context of the Indonesian capital market
Copyright (c) 2026 Merry Anna Napitupulu, Duma Megaria Elisabeth, Septony B Siahaan, Januardi Mesakh (Author) https://creativecommons.org/licenses/by/4.0
Green Accounting, Intellectual Capital, and Dividend Policy On Firm Value in Energy Companies
This study examines green accounting, intellectual capital, and dividend policy effects on firm value in Indonesian energy companies during 2021-2024. Using multiple linear regression on 48 observations from 12 companies, results show green accounting significantly negatively affects firm value (β = -0.168, p = 0.006), as environmental disclosure signals cost burdens to investors. Intellectual capital demonstrates positive but insignificant influence (β = 0.057, p = 0.230). Dividend policy exhibits significant positive effects (β = 0.324, p = 0.041), signaling financial strength. Simultaneous testing confirms significant collective effects (F = 3.759, p = 0.017), explaining 15.0% of firm value variance. Findings suggest integrated approaches balancing environmental practices, intellectual assets, and shareholder returns optimize value creation in energy sector contexts
Copyright (c) 2026 Frengky Samuel Panjaitan, Arthur Simanjuntak, Januardi Mesakh, Merry Anna Napitupulu (Author) https://creativecommons.org/licenses/by/4.0
Human Resource Management Strategy in Supporting The Financial Stability of Medan City Msmes
This study aims to analyze the effect of human resource management (HRM) strategies on the financial stability of micro, small, and medium enterprises (MSMEs) in Medan City. Using a quantitative approach with a survey method, data were collected from 215 MSMEs registered at the Cooperative and MSME Office of Medan City during the 2021–2024 period. HRM strategy was measured through a composite index encompassing recruitment and selection, training and development, compensation systems, and employee performance evaluation. Financial stability was measured using liquidity, profitability, solvency, and operating cash flow indicators. Data analysis employed Structural Equation Modeling–Partial Least Squares (SEM-PLS) and multiple regression. The results indicate that HRM strategies have a significant and positive effect on MSME financial stability (β = 0.347; p < 0.001). Training and development and fair compensation systems proved to be the most influential HRM strategies. Business scale significantly moderates the relationship between HRM strategy and financial stability. This study contributes by integrating the competency-based HRM perspective into the financial stability framework of MSMEs in the local economic context of Medan City, offering an adaptive HRM strategy model for micro and small business actors in urban areas.
Copyright (c) 2026 Siti Normi Sinurat, Maludin Panjaitan, Kristanty M N Nadapdap, Saur Melianna Sipayung (Author) https://creativecommons.org/licenses/by/4.0
Cash Flow Ratio Analysis and Fund Management Effectiveness: Evidence from Caffe Moral
This study aims to analyze cash flow in improving the effectiveness of fund management at Caffe Moral. A quantitative descriptive approach was employed using financial statement data for the 2022–2023 period. The data were analyzed using cash flow ratios, including the Operating Cash Flow Ratio, Capital Expenditure Ratio, and Total Debt Ratio. The findings show that Caffe Moral’s revenue increased from IDR 180,000,000 in 2022 to IDR 278,000,000 in 2023, while net income rose from IDR 61,380,000 to IDR 145,800,000. The Operating Cash Flow Ratio increased from 4.20 to 6.86 and was categorized as highly effective, indicating that operating cash flow was sufficient to cover current liabilities. The Total Debt Ratio also increased from 5.87 to 11.08, reflecting a strong ability to cover debt obligations. However, the Capital Expenditure Ratio remained below 1.00, increasing only from 0.52 to 0.68, indicating that operating cash flow was not yet fully sufficient to finance capital expenditures independently. These results suggest that Caffe Moral’s fund management was effective in terms of liquidity and solvency, but still requires improvement in investment financing. This study recommends strengthening cash flow planning, controlling expenditures, and prioritizing investment decisions to support more sustainable fund management
Copyright (c) 2026 Tuahman Sipayung, Wico J Tarigan, Elisa Fitri, Raja Mangaratua Nainggolan, Yesni Riana Damanik (Author) https://creativecommons.org/licenses/by/4.0
An Ethical Reorientation of Good Corporate Governance: The Integration of Human Dignity Values into Sustainability Accounting in the Context of Indonesia’s Climate Crisis
The increasing intensity of hydrometeorological disasters in Indonesia highlights the limitations of corporate governance and sustainability accounting practices in responding to the human dignity of the climate crisis. Although frameworks such as Good Corporate Governance (GCG) and the Indonesian Sustainable Finance Taxonomy (TKBI) have been implemented to promote sustainability, their implementation tends to be technocratic and compliance-oriented, thus failing to adequately capture the social vulnerability and humanitarian impacts of corporate activities. This study aims to examine these limitations and propose an ethical reorientation of GCG through the integration of human dignity as the primary normative foundation. This study uses a conceptual qualitative approach with a narrative literature review method and a critical analysis of the regulatory framework, sustainability accounting practices, and governance structures in Indonesia. The results show that sustainability accounting is still often used as an instrument of formal legitimacy, rather than as an ethical accountability mechanism, thus opening up space for greenwashing practices and weakening its effectiveness in responding to risks related to the climate crisis. In response, this study develops a conceptual model that integrates human dignity into governance structures, climate risk management processes, the Sustainable Finance Taxonomy, and sustainability reporting systems. The proposed model demonstrates that the integration of human dignity can create a more holistic and ethically grounded approach to corporate accountability, emphasizing the protection of human life, reduction of social vulnerability, and increased resilience to climate risks. This research contributes to expanding the sustainability accounting literature by going beyond technocratic and compliance-based approaches and positioning human dignity as a normative framework for evaluating corporate responsibility in the context of the climate crisis
Copyright (c) 2026 Ferdila Ferdila, Sri Martina, Ayu Mariani (Author) https://creativecommons.org/licenses/by/4.0
The Effect of Green Investment and Corporate Social Responsibility On The Financial Performance of Mining Companies Listed on The Indonesia Stock Exchange for the 2020-2023
The purpose of this study is to analyze the effect of Green Investment and Corporate Social Responsibility factors on Company Value. The formulation of the research problem is whether Green Investment and Corporate Social Responsibility affect Financial Performance. The sample used was 12 companies. The data used in this study were obtained from the annual financial reports of Mining Sector companies in 2020-2023. The population of companies in this study consisted of 40 Mining sectors listed on the Indonesia Stock Exchange (IDX) in 2020-2023. A total of 10 samples were used in this study with sample selection using the purposive sampling method. The data analysis used was descriptive statistics, classical assumption tests and hypothesis testing with the regression method using SPSS 26. This study used a quantitative descriptive research design. The analysis technique used was multiple linear regression. The results showed that Green Investment has a positive effect on Financial Performance, Corporate Social Responsibility has no an effect on Financial Performance
Copyright (c) 2026 Joni Kurniawan Gea, Dimita Hemalli Premasari Purba, Yosephine Natalitha Sembiring, Arthur Simanjuntak (Author) https://creativecommons.org/licenses/by/4.0
Audit Report Lag and Factors That Affect It in LQ45 Companies On The IDX
This study aims to analyze audit report lag and its determinants among companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX) for the period 2020–2024. A quantitative approach was adopted using secondary data from annual reports and financial statements of 45 LQ45 companies. Variables examined include firm size, profitability, leverage, audit firm size, auditor opinion, audit committee, and solvability as independent variables against audit report lag as the dependent variable. Panel data regression with fixed effects estimation was employed. Results indicate that firm size (β = -3.812, p < 0.001), profitability (β = -2.147, p < 0.001), audit firm size (β = -8.423, p < 0.001), and audit opinion (β = -5.214, p < 0.001) significantly and negatively affect audit report lag. Leverage (β = 2.341, p < 0.001) shows a significant positive effect. The R² of 0.684 confirms that independent variables explain 68.4% of audit report lag variation. This study updates the literature by specifically focusing on LQ45 companies as Indonesia's blue-chip firms, offering the latest empirical evidence on determinants of audit report lag within Indonesia's evolving post-pandemic capital market context.
Copyright (c) 2026 Duma Megaria Elisabeth, Merry Anna Napitupulu, Septony B Siahaan, Rike Yolanda Panjaitan (Author) https://creativecommons.org/licenses/by/4.0
Analysis Of Accounts Receivable and Its Impact on The Going Concern Of Cu Bina Kasih Pematangsiantar (Period 2022–2024)
This study examines the management of accounts receivable and its implications for the going concern of CU Bina Kasih Pematangsiantar during the 2022–2024 period. Accounts receivable constitute the principal productive asset in savings and loan cooperatives because they arise directly from member lending activities and serve as a major source of institutional income. Accordingly, the quality of receivables management is closely associated with liquidity, cash flow, profitability, and the long-term continuity of cooperative operations. This study adopted a qualitative descriptive design. Data were obtained through interviews, observation, and documentation, and were analyzed using data reduction, thematic organization, and interpretive conclusion drawing. The findings indicate that receivables management at CU Bina Kasih had been implemented through credit approval, recording, monitoring, and collection procedures; however, its overall effectiveness remained limited. The cooperative continued to face problematic receivables, a moderate NPL ratio, and weak profitability throughout the study period. The findings also show that problematic receivables were influenced by both internal factors, including weaknesses in credit assessment and monitoring, and external factors, including members’ post-pandemic economic constraints. Most importantly, the study demonstrates that receivables quality had a direct impact on the cooperative’s going concern through its effects on liquidity, productive asset quality, and earnings capacity. The study concludes that sustainable cooperative operations depend not merely on the expansion of lending activity, but on the collectability, governance, and risk profile of the receivables portfolio
Copyright (c) 2026 Nurfika Dwi Putri, Djuli Sjafei Purba, Wico J Tarigan (Author) https://creativecommons.org/licenses/by/4.0
Integration Of Sustainability Accounting in Management Control Systems And Its Impact on Company Performance
This study examines the integration of sustainability accounting within Management Control Systems (MCS) and its impact on company performance among publicly listed companies in Indonesia. Method: Using a quantitative approach, data were collected from 112 non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Sustainability Accounting Integration (SAI) was measured using a composite index comprising environmental, social, and governance (ESG) disclosures, sustainability-linked performance indicators, and formal MCS–sustainability alignment. Company performance was measured using Return on Assets (ROA), Tobin's Q, and a balanced scorecard-based performance index. Structural Equation Modeling–Partial Least Squares (SEM-PLS) and panel data regression were employed for hypothesis testing. Findings: The results indicate that sustainability accounting integration significantly and positively affects both financial performance (ROA: β = 0.312, p < 0.001; Tobin's Q: β = 0.287, p < 0.001) and non-financial performance. MCS serves as a significant mediator between sustainability accounting practices and company performance, particularly through the planning and monitoring control subsystems. Companies in the extractive, manufacturing, and consumer goods sectors exhibited the strongest integration effects. Novelty: This study extends prior literature by empirically demonstrating the mediating role of MCS in translating sustainability accounting commitments into measurable performance outcomes, offering a novel integrated framework applicable to emerging market contexts
Copyright (c) 2026 Mitha Christina Ginting, Farida Sagala, Lamria Sagala, Arthur Simanjuntak, Gracesiela Yosephine Simanjuntak (Author) https://creativecommons.org/licenses/by/4.0
Sales Growth, Liquidity, and Firm Size on Profitability of Manufacturing Companies Listed on the Indonesia Stock Exchange
This study examines the effect of sales growth, liquidity, and firm size on the profitability of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 period. Profitability is proxied by Return on Assets (ROA). A quantitative causal method with multiple linear regression analysis via SPSS 26 was employed. Purposive sampling yielded 29 companies (82 observations after outlier removal). Results show that sales growth has a positive and significant partial effect on ROA; liquidity has a positive but insignificant partial effect; firm size has a negative and insignificant partial effect; and all three variables simultaneously exert a significant effect on ROA. The Adjusted R² is 0.143, indicating 14.3% of profitability variation is explained by the model
Copyright (c) 2026 Gebi Foresa Lumban Gaol, Arthur Simanjuntak, Rintan Saragih, Robinhot Gultom (Author) https://creativecommons.org/licenses/by/4.0
The Application of Responsibility Accounting as a Tool for Measuring Management Performance at PT Perkebunan Nusantara IV Regional II Kebun and PKS Adolina Perbaungan
PT Perkebunan Nusantara IV Regional II Kebun Perbaungan operates within a framework that demands the achievement of clearly defined performance targets. Effective implementation of responsibility accounting is expected to improve management performance in conducting company activities, while in turn, effective management performance supports the optimal application of responsibility accounting, enabling the achievement of organizational goals. This study aims to analyze the application of responsibility accounting at PT Perkebunan Nusantara IV Regional II Kebun and PKS Adolina Perbaungan, and to examine how responsibility accounting is utilized as a tool for measuring management performance. A qualitative descriptive methodology was employed, with data collected through observation, interviews, and documentation techniques. The findings reveal that the average realized production costs exceeded the established budget, generating unfavorable variances particularly in palm oil production activities. This indicates that cost control was not yet operating optimally and requires more intensive managerial attention. Nevertheless, the responsibility accounting system functioned effectively as a management performance measurement tool, with evaluations carried out through internal management reports containing production realization data, cost utilization information, and target achievement results, followed by corrective actions for each identified deviation
Copyright (c) 2026 Cindy Erisha Sihombing, Mulatua P Silalahi, Arison Nainggolan, Arthur Simanjuntak (Author) https://creativecommons.org/licenses/by/4.0
The Effect of Media Exposure, Profitability, and Green Accounting on Corporate Social Responsibility Disclosure in Healthcare Sector Companies Listed on the Indonesia Stock Exchange for the 2021–2024 Period
This study aims to examine and analyze the influence of Media Exposure, Profitability, and Green Accounting on Corporate Social Responsibility (CSR) Disclosure in healthcare sector companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2024 period. Using a quantitative research approach with purposive sampling, this study obtained 12 companies from a population of 38 healthcare companies as the final sample. Data were analyzed using multiple linear regression with IBM SPSS Statistics version 26. The results show that partially, Media Exposure has a negative and significant effect on CSR Disclosure (β = -0.156, Sig. = 0.007), while Profitability has a positive but insignificant effect on CSR Disclosure (β = 0.022, Sig. = 0.861), and Green Accounting has a negative and insignificant effect on CSR Disclosure (β = -0.516, Sig. = 0.520). Simultaneously, the three independent variables (Media Exposure, Profitability, and Green Accounting) do not have a significant effect on CSR Disclosure (F = 2.801, Sig. = 0.052). The coefficient of determination (Adjusted R²) is 10.9%, indicating that 89.1% of the variation in CSR Disclosure is explained by other factors outside this model. These findings contribute to the literature by highlighting the unique characteristics of the healthcare sector—particularly during the COVID-19 pandemic transition period—in shaping corporate sustainability reporting behavior
Corporate Social Responsibility Disclosure
Copyright (c) 2026 Novi Jelpiani M Hutagalung, Mulatua P Silalahi, Merry Anna Napitupulu, Sahala Purba (Author) https://creativecommons.org/licenses/by/4.0
The Role of Financial Performance as a Mediating Variable in the Effect of Environmental Disclosure on Stock Performance in Mining and Energy Sector Companies Listed on the Indonesia Stock Exchange for the 2021–2024 Period
This study aims to analyze the effect of environmental disclosure on financial performance and stock performance, as well as to examine the role of financial performance as a mediating variable in the relationship between environmental disclosure and stock performance in mining and energy sector companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2024 period. The study uses secondary data from annual reports, financial statements, and sustainability reports of 29 sample companies selected through purposive sampling, yielding 116 total observations. Environmental disclosure is measured using the Environmental Disclosure Index (EDI) based on 34 indicators from GRI 4 Environmental Category, financial performance is proxied by Return on Assets (ROA), and stock performance is measured using annual stock return. The analysis employs simple linear regression and mediation testing using the Baron & Kenny method through SPSS 26. The results show that: (1) environmental disclosure has a significant effect on financial performance, with R = 0.192, R² = 0.037 (3.7%), and sig. = 0.067; (2) financial performance has no significant effect on stock performance, with a regression coefficient of 0.722 and sig. = 0.239; (3) environmental disclosure has no significant effect on stock performance, with a regression coefficient of −0.292 and sig. = 0.346; and (4) financial performance is unable to mediate the effect of environmental disclosure on stock performance, as all mediation paths are statistically insignificant. These findings indicate that the Indonesian capital market has not yet optimally responded to environmental information in investment valuation for the mining and energy sectors, which may be attributed to the low level of investor ESG literacy, the dominance of external factors such as commodity price volatility and government policy, and the varying quality of environmental disclosures
Copyright (c) 2026 Sri Hartati Simamora, Arthur Simanjuntak, Rimky Mandala Simanjuntak, Merry Anna Napitupulu (Author) https://creativecommons.org/licenses/by/4.0
The Effect of Green Innovation, Environmental Performance, and Carbon Emission Disclosure on the Firm Value of Basic Materials Companies Listed on the Indonesia Stock Exchange for the 2021–2024 Period
This research is conducted to investigate and evaluate the relationship between Green Innovation, Environmental Performance, and Carbon Emission Disclosure on Firm Value in companies operating within the Basic Materials sector listed on the Indonesia Stock Exchange during the 2021–2024 period. The study adopts a quantitative methodology and utilizes purposive sampling to obtain 39 firms that satisfy the predetermined research criteria. Informasi analysis is performed using IBM SPSS Statistics version 26, applying multiple linear regression to assess the interaction patterns among the examined variables. The empirical results indicate varying effects of the independent variables on Firm Value. Individually, Green Innovation shows a statistically significant positive effect on Firm Value among Basic Materials companies. In contrast, Environmental Performance presents a negative and statistically insignificant association with Firm Value. Similarly, Carbon Emission Disclosure demonstrates a negative but insignificant influence on Firm Value. However, when tested simultaneously, the three independent variables jointly exhibit a significant effect on Firm Value. Furthermore, the coefficient of determination analysis reveals that Green Innovation, Environmental Performance, and Carbon Emission Disclosure collectively account for 7. 3% of the variation in Firm Value, while the remaining 92. 7% is explained by other variables outside the research model. This study contributes to the literature by providing a broader understanding of how corporate environmental initiatives relate to firm value. The findings offer practical implications for investors and corporate management in formulating strategic and well- informed decisions. In addition, both theoretical and practical implications encourage further exploration of the role of Green Innovation, Environmental Performance, and Carbon Emission Disclosure in shaping Firm Value, particularly in the current masa where environmental sustainability has become a critical corporate responsibility
Copyright (c) 2026 Amsal Steven Trian Marpaung, Arthur Simanjuntak, Gracesiela Yosephine Simanjuntak, Merry Anna Napitupulu (Author) https://creativecommons.org/licenses/by/4.0
Analysis of Fixed Asset Accounting Treatment According to PSAK NO. 216 at PT. Perkebunan Nusantara IV Unit Mayang
This study analyzes the compliance of fixed asset accounting treatment at PT Perkebunan Nusantara IV Unit Mayang with PSAK No. 216, which became effective on January 1, 2024. A descriptive qualitative method was used through documentation and interviews, by comparing the company’s practices with the standard. The results indicate that the implementation of PSAK No. 216 has generally been carried out well, particularly in asset recognition, subsequent measurement, straight-line depreciation, and derecognition supported by adequate documentation. However, several shortcomings remain, including suboptimal capitalization of inspection costs, inconsistent inclusion of import duties and trial production results in acquisition costs, and insufficient disclosure of revaluation and independent valuation. Overall, the implementation of the standard is good but still requires improvements to achieve full compliance
Copyright (c) 2025 Eva Sriwiyanti, Wico J Tarigan, Selvi Maharani (Author) https://creativecommons.org/licenses/by/4.0
Integrated CSR Reporting and Stakeholder Engagement: Implications for Management Accounting Systems
This research examines how integrated Corporate Social Responsibility (CSR) reporting influences stakeholder engagement effectiveness and subsequently transforms management accounting systems in publicly listed corporations. Drawing upon institutional theory, stakeholder theory, and contingency theory, this study investigates how CSR disclosure practices reshape internal management accounting mechanisms to support strategic decision-making and performance measurement. Using Structural Equation Modeling with Partial Least Squares (PLS-SEM) analysis on 118 publicly listed companies across multiple industries (590 firm-year observations, 2020-2024), the research demonstrates that integrated CSR reporting significantly enhances stakeholder engagement quality (β = 0.647, p < 0.001) and directly influences management accounting system sophistication (β = 0.486, p < 0.001). Stakeholder engagement substantially mediates the relationship between integrated CSR reporting and management accounting systems (indirect effect = 0.392, p < 0.001, VAF = 44.6%). The model explains 58.7% of stakeholder engagement variance and 64.3% of management accounting system variance. This study provides comprehensive empirical evidence of how integrated CSR reporting frameworks drive internal management accounting transformation in contemporary organizational environments
Copyright (c) 2025 Duma Megaria Elisabeth, Septony B Siahaan, Merry Anna Napitupulu, Mulatua P Silalahi, Rimky Mandala Putra Simanjuntak (Author) https://creativecommons.org/licenses/by/4.0
The Influence of Digital Entrepreneurial Orientation on the Performance of MSMEs in Medan City
This research investigates how Digital Entrepreneurial Orientation (DEO) influences the performance of Micro, Small, and Medium Enterprises (MSMEs) in Medan City through digital capability mechanisms. Drawing upon Resource-Based View theory, Dynamic Capability theory, and Technology-Organization-Environment framework, this study examines how digital entrepreneurial practices create value through enhanced operational efficiency, market reach expansion, and innovation capabilities among MSMEs. Using Structural Equation Modeling with Partial Least Squares (PLS-SEM) analysis on 185 MSMEs in Medan (2023-2024), the research demonstrates that DEO significantly enhances digital capabilities (β = 0.712, p < 0.001) and positively influences MSME performance (β = 0.628, p < 0.001). Digital capabilities substantially mediate the relationship between DEO and MSME performance (indirect effect = 0.487, p < 0.001, VAF = 43.7%). The model explains 68.4% of digital capability variance and 61.9% of MSME performance variance. This study provides comprehensive empirical evidence of how digital entrepreneurial mindset transforms MSME competitiveness and sustainability in emerging market contexts, particularly in post-pandemic digital economy environments
Copyright (c) 2025 Meylida Girsang, Khansa khalishah, Erikson Damanik, Cindy Tri Ananta https://creativecommons.org/licenses/by/4.0