A comparison between PSAK 71 and PSAK 55 in the banking industry
DOI:
https://doi.org/10.24914/jeb.v24i1.4382Keywords:
PSAK 71, CKPN, Credit CrunchAbstract
Economic activities ascending from the use of PSAK 55 (Statement of Financial Accounting Standards) are alleged to be the cause of the Indonesian bank system instability when facing the global financial crisis in 2008. PSAK 55 results in CKPN (allowance for impairment losses) allocation on a procyclical nature. Therefore, it is expected that PSAK 71 implementation avoids procyclical CKPN that does not reflect sustainable financial performance. The current study is conducted to test the effectiveness of PSAK 71 implementation in hindering procyclical and credit crunch mitigation. The study’s population is the banking industry listed on the Indonesian Stock Exchange from 2008 to 2020. The data are then descriptively analyzed using descriptive analysis and the Wilcoxon Rank Test. The findings show that: 1) there is a significant difference in CKPN between PSAK 55 and PSAK 71 implementations, with no significant difference in the CAR and profit values, 2) there is no significant difference in the CKPN value applied based on PSAK 71 before and after entering the COVID-19 pandemic, and 3) there are significant differences in credit disbursement during the 2008 crisis and the 2020 crisis due to the COVID-19 pandemic.
Downloads
References
Aktas, R., . B. B., & . G. C. (2015). The determinants of banks Capital Adequacy Ratio: Some evidence from South Eastern European Countries. Journal of Economics and Behavioral Studies, 7(1(J)), 79–88. https://doi.org/10.22610/jebs.v7i1(J).565
Ardhienus, A. (2018). Peran PSAK 71 dalam pencegahan krisis. Investor.Id. https://investor.id/opinion/peran-psak-71-dalam-pencegahan-krisis
Cerutti, E., Claessens, S., & Laeven, L. (2017). The use and effectiveness of macroprudential policies: New evidence. Journal of Financial Stability, 28, 203–224. https://doi.org/10.1016/j.jfs.2015.10.004
Damayanti, D. D., & Chaniago, H. (2015). Pengaruh risiko usaha dan good corporate governance terhadap skor kesehatan bank pada bank umum swasta nasional devisa. Journal of Business and Banking, 4(2), 217. https://doi.org/10.14414/jbb.v4i2.373
Dandago, K. I., & Hassan, N. I. (2013). Decision usefulness approach to financial reporting: A case for Malaysian Inland Revenue Board. Asian Economic and Financial Review, 3(6), 772–784.
Eng, T. S. (2013). Pengaruh NIM, BOPO, LDR, NPL & CAR terhadap ROA bank internasional dan bank nasional go public periode 2007 – 2011. Jurnal Dinamika Manajemen, 1(3), 153–167.
Fanani, Z. (2014). Karakteristik perusahaan dan corporate governance terhadap manajemen laba: Studi analisis meta. Jurnal Keuangan Dan Perbankan, 18(2), 181–200. https://doi.org/10.26905/jkdp.v18i2.791
Festiani, E. R. (2018). Analisis pengaruh rasio CAR, NPF, BOPO, ROA dan FDR terhadap tingkat kesehatan bank umum syariah di Indonesia. El Dinar, 4(2), 196. https://doi.org/10.18860/ed.v4i2.5462
Fitriana, M. E., & Arfianto, E. D. (2015). Analisis pengaruh NPL, CAR, ROA, LDR dan Size terhadap CKPN (Studi kasus pada bank konvensional yang tercatat di Bursa Efek Indonesia 2010-2014). Diponegoro Journal of Management, 4(4), 1–8.
Gassen, J., & Schwedler, K. (2010). The decision usefulness of financial accounting measurement concepts: Evidence from an online survey of professional investors and their advisors. European Accounting Review, 19(3), 495–509. https://doi.org/10.1080/09638180.2010.496548
Goolsbee, A., & Syverson, C. (2020). Fear, lockdown, and diversion: Comparing drivers of pandemic economic decline 2020. In National Bureau of Economic Research (Vol. 27432). https://doi.org/10.3386/w27432
Hafez, H. M., & El-Ansary, O. A. (2015). Determinants of Capital Adequacy Ratio: An empirical study on Egyptian banks. Corporate Ownership and Control, 13(1), 1166–1176. https://doi.org/10.22495/cocv13i1c10p4
Husain, Y., Sondakh, J. J., & Wokas, H. (2014). Analisis penerapan PSAK 50 dan PSAK 55 atas Cadangan Kerugian Penurunan Nilai. Going Concern: Jurnal Riset Dan Akuntansi, 8(3), 234–245. https://doi.org/10.32400/gc.9.1.25224.2014
König, M., & Winkler, A. (2021). COVID-19: Lockdowns, fatality rates and GDP growth. Intereconomics, 56(1), 32–39. https://doi.org/10.1007/s10272-021-0948-y
Kurniadi, R. (2012). Pengaruh CAR, NIM, LDR terhadap return saham perusahaan perbankan Indonesia. Accounting Analysis Journal, 1(1), 8–11. https://doi.org/10.15294/aaj.v1i1.335
Lestari, N. L. W. T., & Dewi, N. N. S. R. T. (2020). Pengaruh pemahaman akuntansi, pemanfaatan sistem informasi akuntansi dan sistem pengendalian intern terhadap kualitas laporan keuangan. KRISNA: Kumpulan Riset Akuntansi, 11(2), 170–178. https://doi.org/10.22225/kr.11.2.1435.170-178
Lim, C., Columba, F., Costa, A., Kongsamut, P., Otani, A., Saiyid, M., Wezel, T., & Wu, X. (2011). Macroprudential policy: What instruments and how to use them? Lessons from country experiences (IMF Working Paper No. 11/238).
Rahmadhani, S. (2014). Dampak penerapan PSAK 50, PSAK 55 dan PSAK 60 (Revisi) pada penyisihan kerugian kredit perbankan. Jurnal Ilmu Manajemen Dan Akuntansi Terapan (JIMAT), 5(1), 130–143.
Republic of Indonesia. (1998). Act of the Republic of Indonesia number 7 of 1992 concerning banking as amended by Act number 10 of 1998.
Republic of Indonesia. (2008). Bank Indonesia Regulation number 10/15/PBI/2008 concerning regarding the capital adequacy ratio for commercial bank.
Republic of Indonesia. (2012). Bank Indonesia Regulation number 14/15/PBI/2012 concerning assessment of commercial bank asset quality.
Rizal, A. P., & Shauki, E. R. (2019). Motive and obstacles in making a decision as early adopters of PSAK no. 71 for impairment provision of loans (Study case in Indonesia banking industry). AFEBI Accounting Review, 3(02), 13–24. https://doi.org/10.47312/aar.v3i02.191
Sari, G. N. (2013). Faktor-faktor yang mempengaruhi penyaluran kredit bank umum di Indonesia (Periode 2008.1 – 2012.2). Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 1(3), 931–941. https://doi.org/10.35794/emba.v1i3.2298
Staubus, G. J. (2000). The decision usefulness theory of accounting: A limited history. Routledge Publishing Inc.
Sudrajat, D., & Rahayu, S. (2018). Pengaruh Capital Adequacy Ratio (CAR) dan Cadangan Kerugian Penurunan Nilai (CKPN) terhadap Return On Asset (ROA) pada PT. Bank Pembangunan Daerah Jawa Barat dan Banten, Tbk. Journal of Banking & Management Ekuitas, 2(2), 7–13.
Suroso, S. (2017). Penerapan PSAK 71 dan dampaknya terhadap kewajiban penyediaan modal minimum bank. Jurnal Bina Akuntansi, 4(2), 57–165.
Syahid, D. C. N. (2016). Pengaruh faktor eksternal dan internal terhadap kredit bermasalah serta dampaknya terhadap Cadangan Kerugian Penurunan Nilai menurut PSAK 55. Jurnal Perbanas, 2(1), 1–23.
Taruna, A. A., & Harun, C. A. (2017). Micro risk assessment dalam estimasi risiko kredit perbankan. In Working Paper Bank Indonesia. http://publication-bi.org/repec/idn/wpaper/WP032017.pdf
Wicaksana, K. A., Sulindawati, N. L. G. E., & Prayudi, M. A. (2017). Analisis faktor-Faktor penyebab kredit macet pada BUMDes Karya Bakti Pertiwi, Desa Panji Anom, Kecamatan Sukasada, Kabupaten Buleleng. E-Journal S1 Ak Universitas Pendidikan Ganesha, 1(2), 1–12. https://doi.org/10.23887/jimat.v8i2.14659
Witjaksono, A. (2018). Perbandingan perlakuan akuntansi kredit menurut PSAK 55, PSAK 71, dan Basel pada bank umum. Jurnal Online Insan Akuntan, 3(2), 111–120.
Downloads
Published
How to Cite
Issue
Section
License
Jurnal Ekonomi dan Bisnis is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License
