Analysis of PSAP 17 Investment Property Implementation in the Central Government Financial Report (LKPP)
Abstract
This research aims to evaluate the process and constraints of the impact of the implementation of PSAP 17 Investment Property in the Central Government Financial Report (LKPP) and the relevance of the use of fair value in accordance with IPSAS 46 Measurement in the presentation of Investment Property for Stakeholders of LKPP. The method used is a qualitative method through a case study approach on the implementation of PSAP 17 and a simulation method in the restatement of investment property values using fair value measurements. The results of the study indicate that the presentation of investment property in LKPP is in accordance with PSAP 17 but is more relevant for stakeholders of LKPP if presented using fair value measurement. This study recommends that in order to accelerate the presentation of investment properties in LKPP, it is necessary to improve the competence of the government financial report preparation team and improve the integrated government financial application system as well as propose a revision to government accounting standards that allow for periodic fair value measurements.
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References
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Alshujairi, M. H. A. (2014). Government Accounting System Reform and the Adoption of IPSAS in Iraq. Research Journal of Finance and Accounting, 5(24).
Alif Indra. (2023). Evaluasi Dampak Penerapan PSAP 17 Properti Investasi pada Lembaga Manajemen Aset Negara. Universitas Indonesia
ANM. (2013). Malaysian Public Sector Accounting Standards 16 Investment Property. In Government of Malaysia. Kementerian Kewangan.
Amelia, S. (2018). Revaluasi Aset BMN. https://www.djkn.kemenkeu.go.id/kanwil-sulseltrabar/baca-artikel/12638/Revaluasi-Aset-BMN.html
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Anwar, A. I., & Hadi, M. (2022). Implementasi aplikasi SAKTI dan SPAN dalam penyusunan laporan keuangan. Jurnal Informatika, 1(2), 32–55.
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Auditorat Utama Keuangan Negara II. (2022). Laporan Hasil Pemeriksaan Atas Laporan Keuangan Bagian Anggaran Investasi Pemerintah BA.999.03 Tahun 2022.
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Barth, M., Beaver, W., & Landsman, W. (2001). The relevance of the value relevance literature for financial accounting standard setting. 77–104.
Hesse-Biber. (2010). Mixed Method Research - Merging Theory with Practise. Guilford Publication Inc.
Bosse, D. A., & Phillips, R. A. (2016). Agency Theory and Bounded Self-Interest. The Academy of Management Review, 41(2), 276–297.
Bovens, M. (2006). Analysing and Assessing Public Accountability. A Conceptual Framework (European Governance Papers (EUROGOV), Issue 1). CONNEX and EUROGOV networks.
Cahyani Nuswandari. 2009. Pengungkapan Pelaporan Keuangan dalam Perspektif Signalling Theory. Jurnal. Vol. 1, No. 1.
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Cindina, A. (2018). Analisis Pengelolaan Aset Milik Pemerintah Sebagai Properti Investasi Negara Studi Kasus Pada Lembaga Manajemen Aset Negara. Universitas Indonesia.
Creswell, J. W., & Creswell, J. D. (2018). Research Design: Qualitative, Quantitative & Mixed Methods Approaches. SAGE Publication.
Direktur Akuntansi dan Pelaporan Keuangan (2021). Surat Direktur Jenderal Perbendaharaan Nomor S-10/PB/PB.6/2023 Hal Identifikasi Petunjuk Teknis Akuntansi 09: Akuntansi Barang Milik Negara yang Memenuhi Karakteristik Properti Investasi pada Kementerian/Lembaga
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DJPb. (2022). Kebijakan Teknis Akuntansi Atas Barang Milik Negara Yang Memenuhi Karakteristik Properti Investasi Sesuai PSAP 17. In Surat Direktur Jenderal Perbendaharaan. Kementerian Keuangan.
Ellet, William. (2018). The Case Study Handbook: How To Read, Discuss, and Write Persuasively About Cases. Harvard Business School Press.
Epstein, C. J., & Jermakowicz, E. K. (2010). Interpretation and application of IFRS. John Wiley & Sons
External Reporting Board. (2014). Public Benefit Entity International Public Sector Accounting Standard 16 Investment Property (PBE IPSAS 16).
Farahmita, A., & Siregar, S. V. (2014). Faktor-Faktor yang Mempengaruhi Kemungkinan Perusahaan Memilih Metode Nilai Wajar untuk Properti Investasi. Simposium Nasional Akuntansi.
Galera, A. N., & Bolívar, M. P. R. (2012). Adopting IPSAS to improve governmental accountability in Spain: an empirical study. International Journal of Critical Accounting, 4(5/6), 572.
Gyorgy, A. (2012). Public Sector’s Principal-Agent Theory In A Global World. Politeja, 20/3, 101–108.
Harrell, Ghosh, & Bowden. 2004. Simulation Using Promodeln Second Edition New York: McGraw-Hill.
Hoesada, J. (2018). Studi Kelayakan Terhadap Strategi Adopsi IPSAS. Komite Standar Akuntansi Pemerintahan. https://www.ksap.org/sap/studi-kelayakan-terhadap-strategi-adopsi-ipsas/
Hood, C. (1991). A Public Management For All Seasons? Public Administration, 69(1), 3–19.
Hood, C. (1995). The “new public management” in the 1980s: Variations on a theme. Accounting, Organizations and Society, 20(2–3), 93–109.
IASB. (2023) International Public Sector Accounting Standard (IPSAS) 46 Measurement, (2023).
IASB. (2001). International Accounting Standard 40 Investment Property. In IFRS Foundation. International Accounting Standards Board.
IASB. (2006). International Public Sector Accounting Standard (IPSAS) 16 - Investment Property.
International Federation of Accountants. (2010). Handbook of International Public Sector Accounting, International Federation of Accountants. In International Federation of Accountants. International Federation of Accountants.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
Kahiking, K. N., Morasa, J., & Runtu, T. (2017). Analisis Penerapan PSAK 13 Mengenai Properti Investasi Pada PT Ciputra Development Tbk. Jurnal EMBA, 5(2), 1697–1708.
KBBI. (n.d.). Properti. Badan Pengembangan Dan Pembinaan Bahasa. Retrieved July 6, 2023, from https://kbbi.kemdikbud.go.id/entri/properti
Peraturan Menteri Keuangan Nomor 54/PMK.01/2017 tentang Organisasi dan Tata Kerja Lembaga Manajemen Aset Negara, (2017)
Peraturan Menteri Keuangan Nomor 118 /PMK.06/2017 Tahun 2017 tentang Pedoman Pelaksanaan Penilaian Kembali Barang Milik Negara
Peraturan Menteri Keuangan Nomor 144/PMK.06/2020 tentang Pengelolaan Barang Milik Negara Oleh Badan Layanan Umum Lembaga Manajemen Aset Negara, (2020).
Peraturan Menteri Keuangan Nomor 85/PMK.05/2021 tentang Pernyataan Standar Akuntansi Pemerintahan Berbasis Akrual Nomor 17 Properti Investasi, (2021). www.jdih.kemenkeu.go.id
Peraturan Menteri Keuangan Republik Indonesia Nomor 231/PMK.05/2022 tentang Kebijakan Akuntansi Pemerintah Pusat, (2022)
Presiden Republik Indonesia (2017). Peraturan Presiden Nomor 75 Tahun 2017 tentang Penilaian Kembali Barang Milik Negara/Daerah
Pemerintah Republik Indonesia. (2021). Peraturan Pemerintah Nomor 27 Tahun 2014 tentang Pengelolaan Barang Milik Negara/Daerah. Indonesia.
Pemerintah Republik Indonesia. (2020). Peraturan Pemerintah Nomor 28 Tahun 2020 tentang Perubahan atas Peraturan Pemerintah Nomor 27 Tahun 2014 Tentang Pengelolaan Barang Milik Negara/Daerah. Indonesia.
Krambia-Kapardis, M., Clark, C., & Zopiatis, A. (2016). Satisfaction gap in public sector financial reporting. Journal of Accounting in Emerging Economies, 6(3), 232–253.
Lapsley, I., & Miller, P. (2019). Transforming the public sector: 1998–2018. Accounting, Auditing & Accountability Journal, 32(8), 2211–2252.
Kementerian Keuangan (2023). Laporan Keuangan Pemerintah Pusat (LKPP) untuk tahun yang berakhir pada tanggal 31 Desember 2022.
Muhamad Al Gamal. (2011). Analisis Nilai Wajar Berdasarkan IFRS (International Financial Reporting Standard) pada Transfer Pricing Plant dan Equipment. Universitas Indonesia.
Nugrahani, F. (2014). Metode Penelitian Kualitatif Dalam Penelitian Pendidikan Bahasa. Cakra Books.
Moleong, L. J. (2018). Metodologi Penelitian Kualitatif (38th ed.). PT Remaja Rosdakarya.
Quagli, A., & Avallone, F. (2010). Fair Value or Cost Model? Drivers of Choice for IAS 40 in the Real Estate Industry. European Accounting Review, 19(3), 461–493.
Soraya, F. T. (2021). Analisis Penyesuaian Proses Bisnis Pasca Implementasi PSAK 73 Sewa: Studi Kasus Pada PT XYZ [Tesis]. Universitas Indonesia.
Spence, Michael. 1973. Job Market Signaling. The Quarterly Journal of Economics, Vol. 87, No. 3. (Aug., 1973), pp. 355-374.
Sugiyono. (2014). Metode Penelitian kuantitatif, kualitatif dan R&D. Alfabeta.
Silverman, D. (2006). Interpreting Qualitative Data (Fifth Edition). SAGE Publications Inc.
Song, C., Thomas, W., & Yi, H. (2010). Value relevance of FAS No. 157 fair value hierarchy information and the impact of corporate governance mechanisms. 1375–1410.
The IFRS Interpretations Committee. (2012). IFRS Interpretations Committee Meeting - Accounting for telecommunication tower.
Tran, Y. T., Nguyen, N. P., & Hoang, T. C. (2021). The role of accountability in determining the relationship between financial reporting quality and the performance of public organizations: Evidence from Vietnam. Journal of Accounting and Public Policy, 40(1), 106801.
Wahyuni, S. (2019). Qualitative Research Method: Theory and Practice 3rd Edition (3rd ed.). Salemba Empat.
Waluyo, I. (2011). Badan Layanan Umum Sebuah Pola Baru Dalam Pengelolaan Keuangan Di Satuan Kerja Pemerintah. Jurnal Pendidikan Akuntansi Indonesia, 9(2), 1–15.
Widarjo, Wahyu (2011). Pengaruh Modal Intelektual dan Pengungkapan Modal Intelektual pada Nilai Perusahaan yang Melakukan Initial Public Offering. Jurnal Akuntansi dan Keuangan Indonesia: Vol. 8: Iss. 2, Article 4.
Yin, R. K. (2018). Case Study Research: Design and Methods (4th ed.). SAGE Publicaton
Published
2024-12-02
How to Cite
AKBAR, Ilham; WARDHANI, Ratna.
Analysis of PSAP 17 Investment Property Implementation in the Central Government Financial Report (LKPP).
E-Jurnal Akuntansi, [S.l.], v. 34, n. 12, dec. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/120747>. Date accessed: 15 jan. 2025.
doi: https://doi.org/10.24843/EJA.2024.v34.i12.p12.
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