Harmonisasi Implementasi International Financial Reporting Standards terhadap Sistem Hukum di Indonesia

Carolina, Verani and Martusa, Riki and Meythi, - (2011) Harmonisasi Implementasi International Financial Reporting Standards terhadap Sistem Hukum di Indonesia. In: Seminar Nasional “Problematika Hukum dalam Implementasi Bisnis dan Investasi (Perspektif Multidisipliner)” , November 2011.

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The application of International Financial Reporting Standards (IFRS) in Indonesia became a major issue areas in accounting today. Because of accounting system and financial reporting is prepared IFRS to be different from Indonesia Generally Accepted Accounting Principles (GAAP). Financial reporting is the company's management accountability to stakeholders (investors, creditors, governments and communities). For investors, the financial statements are one of the benchmarks to determine their investment decisions. For that reason, the application of IFRS should be implemented in harmony in Indonesia. The expectation is the information in the financial reporting to be relevant and reliable for interested parties, i.e. investors, creditors, governments and communities. Government regulations related to the company's business processes will be the key success factors of IFRS implementation. They are not fully supported the IFRS implementation in Indonesia. For example, the decrease in value on fixed assets revaluation (international accounting standard 36). There is only rules in the increase in value on fixed assets revaluation (PMK RI No.79/PMK.03/2008). In order to the application of IFRS become harmony, researcher offers the House of Generally Accepted Accounting Principles model which can be used as the foundation for implementing IFRS in Indonesia. At house of GAAP, the constitution and ideology of Indonesia, i.e. UUD45 and Pancasila become the foundation. As a result, the application of IFRS in Indonesia can be associated with the existing legal regulations in Indonesia. So this paper aims to propose a framework (house of Indonesian GAAP) for the implementation of IFRS harmonization of the legal system in Indonesia. The house of Indonesian GAAP model is based on UUD 45 and Pancasila and also the legal system in Indonesia. Through this house of Indonesian GAAP model, harmonization of the implementation of IFRS may take place smoothly.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Harmonization, IFRS, Legal System, and House of Indonesian GAAP.
Subjects: H Social Sciences > HG Finance
Depositing User: Perpustakaan Maranatha
Date Deposited: 31 Jan 2012 02:17
Last Modified: 14 Jun 2012 02:08
URI: http://repository.maranatha.edu/id/eprint/30

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