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Menguji Kualitas Standar Akuntansi Hasil Adopsi IFRS
[Studi Empiris pada PSAK No. 55 (Revisi 2006)]
Sonny Kusuma Soejanto Hendro
The need for high quality accounting standards has been discussed by various parties. High quality accounting standards are expected by all parties. If there are no accounting standards, firms present the financial statements as their wish. This will become a problem for all users of financial statements because it will be very difficult to understand and analyze the existing financial reporting.
This research was conducted by survey method of accounting students from four universities in Semarang. The survey was conducted by distributing questionnaires directly to the samples. Hypotheses were tested using Sign test.
The results stated that accounting students perceived PSAK No. 55 (Revised 2006) as an accounting standards that is difficult to understand. In fact, accounting students found it difficult to understand the meaning of content and language of PSAK No. 55 (Revised 2006). In addition, accounting students perceived PSAK No. 55 (Revised 2006) as an accounting standard that do not meet criteria as a high quality accounting standard ( from its content and language aspect).
Keyword: PSAK No. 55 (Revised 2006), financial instruments, accounting standards, high quality accounting standards.
Today the quality of accounting standards become an important issue in the accounting profession and all users of financial statements. Jacob and Madu (2008) stated that high quality accounting standards will affect the quality of corporate financial statements. Thus, accounting standards have an important role for the compiler and all users of financial statements that arise uniformity or similarity interpretation of the information contained in financial statements (Chariri, 2009).
Research on accounting standards is still rarely performed. So far, research on accounting standards more highlight to the process of formulating accounting standards (standards setting) and the adoption of IFRS (see eg Chen 2009; Fearnley and Hines 2002; Jacob and Madu, 2008; Mir and Rahaman 2003; Reither 1998; Susela 1999). Therefore, further research on the quality of accounting standards need to be done because there are still some poor-quality accounting standards from the aspect of the content (content) and language. Poor-quality accounting standards are indicated by the language difficult to understand by the users of accounting standards (SEC, 2000). While Rogero (1998) states that the characteristics of a quality accounting standards are determined by the content (content) standards.
In the context of Indonesia, Indonesian Institute of Accountants (IAI) in late December 2006 has issued SFAS No.. 55 (Revised 2006) regarding the recognition and measurement of financial instruments as well as some other accounting standards (PAPI, 2008). According to Boediono (2008) SFAS No. 55 (Revised 2006) is a complex accounting standards because the language used is difficult to understand when to accommodate the needs of the financial instrument arrangements are growing rapidly. SFAS No.. 55 (Revised 2006) still fairly new and the language in SFAS. 55 (Revised 2006) has not been understood by most business entities. This is evidenced from the observations of the Board in the dissemination of SFAS No.. 55 (Revised 2006), some business entities pleaded delay the effective date of SFAS No.. 55 (Revised 2006) to study, understand and apply the provisions contained in the company’s transactions (IAI, 2007). Accordingly, SFAS No.. 55 (Revised 2006) regarding the recognition and measurement of financial instruments accounting standards whose quality is questionable. ….