Innovation of impairment loss allowance model of Indonesian financial accounting standards 71
Purpose This study aims to develop a high-quality impairment loss allowance model in conformity with Indonesian Financial Accounting Standards 71 (PSAK 71) that has significant contribution to national interests and the banking industry. Design/m...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | https://www.emerald.com/insight/content/doi/10.1108/JABES-11-2019-0114/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115436 |
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oai:scholar.dlu.edu.vn:DLU123456789-1154362023-03-08T03:56:08Z Innovation of impairment loss allowance model of Indonesian financial accounting standards 71 Sugiarto, Sugiarto Suroso, Suroso Purpose This study aims to develop a high-quality impairment loss allowance model in conformity with Indonesian Financial Accounting Standards 71 (PSAK 71) that has significant contribution to national interests and the banking industry. Design/methodology/approach The determination of the impairment loss allowance model is settled through 7 stages, using integration of some statistical methods such as Markov chain, exponential smoothing, time series analysis of behavioral inherent trends of probability of default, tail conditional expectation and Monte Carlo simulation. Findings The model which is developed by the authors is proven to be a high-quality and reliable model. By using the model, it can be shown that the implementation of the expected credit losses model on Indonesian Financial Accounting Standards 71 is more prudent than the implementation of the incurred loss model on Indonesian Financial Accounting Standards 55. Research limitations/implications Determination of defaults was based on days past due, and the analysis in this study did not touch the aspects of hedge accounting in general. Practical implications This developed model will contribute significantly to national interests as a source of reference for other banks operating in Indonesia in calculating impairment loss allowance (CKPN) and can be used by the Financial Services Authority of Indonesia (OJK) as a guideline in assessing the formation of impairment loss allowance for banks operating in Indonesia. Originality/value As so far there is not yet an available standardized model for calculating impairment loss allowance on the basis of Indonesian Financial Accounting Standards 71, the model developed by the authors will be a new breakthrough in Indonesia. 2023-03-08T03:56:08Z 2023-03-08T03:56:08Z 2020 Article 2515-964X https://www.emerald.com/insight/content/doi/10.1108/JABES-11-2019-0114/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115436 10.1108/JABES-11-2019-0114 en Journal of Asian Business and Economic Studies, Volume 27, Issue 3; p. 267-283 application/pdf University of Economics Ho Chi Minh City |
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Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| description |
Purpose This study aims to develop a high-quality impairment loss allowance model in conformity with Indonesian Financial Accounting Standards 71 (PSAK 71) that has significant contribution to national interests and the banking industry. Design/methodology/approach The determination of the impairment loss allowance model is settled through 7 stages, using integration of some statistical methods such as Markov chain, exponential smoothing, time series analysis of behavioral inherent trends of probability of default, tail conditional expectation and Monte Carlo simulation. Findings The model which is developed by the authors is proven to be a high-quality and reliable model. By using the model, it can be shown that the implementation of the expected credit losses model on Indonesian Financial Accounting Standards 71 is more prudent than the implementation of the incurred loss model on Indonesian Financial Accounting Standards 55. Research limitations/implications Determination of defaults was based on days past due, and the analysis in this study did not touch the aspects of hedge accounting in general. Practical implications This developed model will contribute significantly to national interests as a source of reference for other banks operating in Indonesia in calculating impairment loss allowance (CKPN) and can be used by the Financial Services Authority of Indonesia (OJK) as a guideline in assessing the formation of impairment loss allowance for banks operating in Indonesia. Originality/value As so far there is not yet an available standardized model for calculating impairment loss allowance on the basis of Indonesian Financial Accounting Standards 71, the model developed by the authors will be a new breakthrough in Indonesia. |
| format |
Article |
| author |
Sugiarto, Sugiarto Suroso, Suroso |
| spellingShingle |
Sugiarto, Sugiarto Suroso, Suroso Innovation of impairment loss allowance model of Indonesian financial accounting standards 71 |
| author_facet |
Sugiarto, Sugiarto Suroso, Suroso |
| author_sort |
Sugiarto, Sugiarto |
| title |
Innovation of impairment loss allowance model of Indonesian financial accounting standards 71 |
| title_short |
Innovation of impairment loss allowance model of Indonesian financial accounting standards 71 |
| title_full |
Innovation of impairment loss allowance model of Indonesian financial accounting standards 71 |
| title_fullStr |
Innovation of impairment loss allowance model of Indonesian financial accounting standards 71 |
| title_full_unstemmed |
Innovation of impairment loss allowance model of Indonesian financial accounting standards 71 |
| title_sort |
innovation of impairment loss allowance model of indonesian financial accounting standards 71 |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
https://www.emerald.com/insight/content/doi/10.1108/JABES-11-2019-0114/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115436 |
| _version_ |
1765278169860931584 |