A COMPARATIVE STUDY OF ACCOUNTING CONSERVATISM LEVELS AND THEIR IMPACT ON FINANCIAL PERFORMANCE: PRE AND POST IMPLEMENTATION PSAK 71
Keywords:
Accounting Conservatism, PSAK 71, Accrual, CKPN, ROAAbstract
This study have a purpose to analyze the comparative level of accounting conservatism between the accrual method and the CKPN method and to examine its impact on financial performance before after implementation of PSAK 71. This study is quantitative and uses secondary data. The population consists of 106 companies listed on the IDX in the financial sector between 2017 and 2024. The research sample consisted of 13 companies in the banking subsector selected using purposive sampling criteria., covering an 8-year study period. This study employs descriptive statistical analysis, the Wilcoxon signed-rank test using IBM SPSS 25, and a fixed-effects panel data regression model using EViews 12. The Wilcoxon signed-rank test shows a significant difference in the level of accounting conservatism before and after the implementation, for both the accrual and CKPN methods. Furthermore, the level of accounting conservatism using the accrual method has no significant effect on financial performance (ROA), while the level of accounting conservatism measured using the CKPN method has a significant negative effect on financial performance (ROA) of companies listed on the IDX in the banking sub-sector. The implications of this research for companies are that they should be more transparent in disclosing their financial statements and more cautious in implementing PSAK 71. Investors are encouraged to be more prudent and discerning when assessing fluctuations in a company’s financial performance. For future researchers, it is recommended to increase the sample size, explore additional variables, and address the study’s limitations to improve the quality of future research findings.
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