Refleksi Penerapan Akuntansi Berbasis Akrual: Simbolis atau Substantif?
Abstract
This study aims to investigate the relationship between the application of accrual-based accounting and performance, using the institutional theory perspective. The study divides performance into two aspects: operational and financial performance. The data used in this study consists of 3,252 observations from local governments in Indonesia from 2011 to 2017. This research provides empirical evidence on the relationship between the implementation of accrual-based accounting and government performance, which is still limited. The results indicate a positive correlation between accrual-based accounting implementation and performance, as measured by both operational and financial parameters. The Indonesian government has adopted accrual-based accounting from the International Public Sector Accounting Standards (IPSAS) in a substantial manner, rather than just symbolically, in order to gain international legitimacy. The study's results are expected to inform the government on how to enhance the quality of financial statements and understanding of the implementation of accrual-based accounting in Indonesia. The study found that the perception of accrual-based accounting implementation varies across regions.
References
Achmad, N. F. (2012). Public Expenditure Management Reform In Indonesia : An Assessment of The Roles of The Treasury and Other Institutions (Issue January). Flinders University.
Ahn, P. D., Jacobs, K., Lim, D. W., & Moon, K. (2014). Beyond Self-Evident: Recognising the Problematic Political Context of Accrual Accounting Adoption in South Korea. Financial Accountability and Management, 30(1), 25–48. https://doi.org/10.1111/faam.12026
Araujo, J. F. F. E. de, & Tejedo-Romero, F. (2016). Local government transparency index: determinants of municipalities’ rankings. International Journal of Public Sector Management, 29(4), 327–347. https://doi.org/10.1108/IJPSM-11-2015-0199
Bergman, U. M., Hutchison, M. M., & Jensen, S. E. H. (2016). Promoting sustainable public finances in the European Union: The role of fiscal rules and government efficiency. European Journal of Political Economy, 44, 1–19. https://doi.org/10.1016/j.ejpoleco.2016.04.005
Boolaky, P. K., Mirosea, N., & Omoteso, K. (2020). The Adoption of IPSAS (Accrual Accounting) in Indonesian Local Government: A Neo-Institutional Perspective. International Journal of Public Administration, 43(14), 1252–1265. https://doi.org/10.1080/01900692.2019.1669047
Broadbent, J., & Guthrie, J. (2008). Public sector to public services: 20 years of “contextual” accounting research. In Accounting, Auditing and Accountability Journal (Vol. 21, Issue 2). https://doi.org/10.1108/09513570810854383
Bruns, H. J. (2014). Accounting change and value creation in public services-Do relational archetypes make a difference in improving public service performance? Critical Perspectives on Accounting, 25(4–5), 339–367. https://doi.org/10.1016/j.cpa.2013.05.005
Bryson, J. M., Ackermann, F., & Eden, C. (2007). Putting the resource-based view of strategy and distinctive competencies to work in public organizations. Public Administration Review, 67(4), 702–717. https://doi.org/10.1111/j.1540-6210.2007.00754.x
Carlin, T. M. (2005). Debating the Impact of Accrual Accounting and Reporting in the Public Sector. Financial Accountability and Management, 21(3), 309–336. https://doi.org/10.1111/j.0267-4424.2005.00223.x
Carter, N., Klein, R., & Day, P. (1992). How organisastions measure success: The use of performance indicators in government. Routledge.
Christensen, M. (2007). What We Might Know (But Aren’t Sure) About Public‐Sector Accrual Accounting. Australian Accounting Review, 17(1), 51–65.
Christofzik, D. I. (2019). Does accrual accounting alter fiscal policy decisions? - Evidence from Germany. European Journal of Political Economy, 60, 1–23. https://doi.org/10.1016/j.ejpoleco.2019.07.003
Cohen, S., & Karatzimas, S. (2017). Accounting information quality and decision-usefulness of governmental financial reporting: Moving from cash to modified cash. Meditari Accountancy Research, 25(1), 95–113. https://doi.org/10.1108/MEDAR-10-2015-0070
DiMaggio, P. J., & Powell, W. W. (1991). The New Institutionalism in Organizational Analysis. In The New Institutionalism in Organizational Analysis. https://doi.org/10.7208/chicago/9780226185941.001.0001
Dorn, F., Gaebler, S., & Roesel, F. (2019). Ineffective fiscal rules? The effect of public sector accounting standards on budgets, efficiency, and accountability. Public Choice. https://doi.org/10.1007/s11127-019-00755-8
Furqan, A. C., Wardhani, R., Martani, D., & Setyaningrum, D. (2020). The effect of audit findings and audit recommendation follow-up on the financial report and public service quality in Indonesia. International Journal of Public Sector Management. https://doi.org/10.1108/IJPSM-06-2019-0173
Gamayuni, R. R. (2018). The Effect of Internal Audit Function Effectiveness and Implementation of Accrual Based Government Accounting Standard on Financial Reporting Quality. Review of Integrative Business and Economic Research, 7(1), 46–58. http://buscompress.com/journal-home.html
Goeminne, S., & George, B. (2019). New development: Determinants of financial performance in public organizations. Public Money and Management, 39(1), 70–73. https://doi.org/10.1080/09540962.2018.1476309
Harun, H., Van Peursem, K., & Eggleton, I. (2012). Institutionalization of accrual accounting in the Indonesian public sector. Journal of Accounting and Organizational Change, 8(3), 257–285. https://doi.org/10.1108/18325911211258308
Hood, C. (1995). The “new public management” in the 1980s: Variations on a theme. Accounting, Organizations and Society, 20(2–3), 93–109. https://doi.org/10.1016/0361-3682(93)E0001-W
Hopwood, A. G. (2009). Accounting and the environment. Accounting, Organizations and Society, 34(3–4), 433–439. https://doi.org/10.1016/j.aos.2009.03.002
Hyndman, N., & Connolly, C. (2011). Accruals accounting in the public sector: A road not always taken. In Management Accounting Research (Vol. 22, Issue 1). Elsevier Ltd. https://doi.org/10.1016/j.mar.2010.10.008
Jón R. Blöndal. (2003). Accrual Accounting and Budgeting: Key Issues and Recent Developments. OECD Journal on Budgeting, 3(1), 43–59.
Jón R. Blöndal. (2004). Issues in Accrual Budgeting. OECD Journal on Budgeting, 4(1), 103–120.
Kleinbaum, D. G., & Klein, M. (2005). Survival Analysis: A Self-Learning Text (M. Gail, K. Krickeberg, J. Samet, A. Tsiatis, & W. Wong (eds.); 2nd Editio). Springer US.
Lampe, H. W., Hilgers, D., & Ihl, C. (2015). Does accrual accounting improve municipalities’ efficiency? Evidence from Germany. Applied Economics, 47(41), 1–14. https://doi.org/10.1080/00036846.2015.1030562
Meyer, J. W., & Rowan, B. (1977). Institutionalized Organizations: Formal Structure as Myth and Ceremony. American Journal of Sociology, 83(2), 340–363. https://doi.org/10.1086/226550
Michelon, G., Pilonato, S., & Ricceri, F. (2015). CSR reporting practices and the quality of disclosure: An empirical analysis. Critical Perspectives on Accounting, 33, 59–78. https://doi.org/10.1016/j.cpa.2014.10.003
Mir, M., & Sutiyono, W. (2013). Public Sector Financial Management Reform: A Case Study of Local Government Agencies in Indonesia. Australasian Accounting, Business and Finance Journal, 7(4), 97–117. https://doi.org/10.14453/aabfj.v7i4.7
Montes, G. C., Bastos, J. C. A., & de Oliveira, A. J. (2019). Fiscal transparency, government effectiveness and government spending efficiency: Some international evidence based on panel data approach. Economic Modelling, 79(October 2018), 211–225. https://doi.org/10.1016/j.econmod.2018.10.013
Olson, O., Humphrey, C., & Guthrie, J. (2001). Caught in an evaluatory trap: A dilemma for public services under NPFM. International Journal of Phytoremediation, 21(1), 505–522. https://doi.org/10.1080/09638180126799
Peter van der Hoek, M. (2005). From Cash to Accrual Budgeting and Accounting in the Public Sector: The Dutch Experience. Public Budgeting and Finance, 25(1), 32–45. https://doi.org/10.1111/j.0275-1100.2005.00353.x
Pina, V., Torres, L., & Yetano, A. (2009). Accrual accounting in EU local governments: One method, several approaches. In European Accounting Review (Vol. 18, Issue 4). https://doi.org/10.1080/09638180903118694
Potter, B. (1999). The power of words: Explaining recent accounting reforms in the Australian public sector. Accounting History, 4(2), 43–72. https://doi.org/10.1177/103237329900400205
Prabowo, T. J. W., Leung, P., & Guthrie, J. (2017). Reforms in public sector accounting and budgeting in Indonesia (2003-2015): Confusions in implementation. Journal of Public Budgeting, Accounting and Financial Management, 29(1), 104–137. https://doi.org/10.1108/jpbafm-29-01-2017-b005
Satrio, A. A., & Wijayanti, N. A. (2021). Hubungan Penerapan Akuntansi Berbasis Akrual Dan Kinerja Pemerintah Di Indonesia. Journal Publicuho, 3(4), 567. https://doi.org/10.35817/jpu.v3i4.15630
Setyaningrum, D. (2017). The Direct and Mediating Effects of An Auditor ’s Quality and the Legislative ’s Oversight on the Follow-up of Audit Recommendation and Audit Opinion. International Journal of Economic Research, 14(3), 269–292.
Suchman, M. C. (1995). Managing Legitimacy: Strategic and Institutional Approaches. The Academy of Management Review, 20(3), 571–610. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.108.2768&rep=rep1&type=pdf
Susanto, D., & Djuminah. (2015). The Usefulness of Local Government Financial Statements for Regional Development Planning Process (An Empirical Study Against the Head of the District Development Planning Agencies in Java and Madura). Procedia - Social and Behavioral Sciences, 211(November 2015), 75–80. https://doi.org/10.1016/j.sbspro.2015.11.012
Sutcliffe, P. (2003). The standards programme of IFAC’s public sector committee. Public Money and Management, 23(1), 29–36. https://doi.org/10.1111/1467-9302.00338
Sylvia, Sukoharsono, E. G., Prihatiningtias, Y. W., & Roekhuddin. (2018). Public interest and accrual accounting: are they aligned? Journal of Accounting and Organizational Change, 14(4), 366–380. https://doi.org/10.1108/JAOC-10-2017-0094
Turley, G., Robbins, G., & Mcnena, S. (2014). A Framework to Measure the Financial Performance of Local Governments. Local Government Studies, 41(3), 401–420. https://doi.org/10.1080/03003930.2014.991865
Verbeeten, F. H. M. (2008). Performance management practices in public sector organizations: Impact on performance. Accounting, Auditing & Accountability Journal, 21(3), 427–454. https://doi.org/10.1108/09513570810863996
Wardhani, R., Rossieta, H., & Martani, D. (2017). Good governance and the impact of government spending on performance of local government in Indonesia. International Journal of Public Sector Performance Management, 3(1), 77–102.
Williams, R. (2015). Ordered Logit Models - Overview. 1–17. https://doi.org/10.4135/9781526421036885901.https
Yamamoto, K. (1999). Accounting System Reform and Management in the Japanese Local Government. Financial Accountability and Management, 15, 291–307. https://doi.org/10.1007/978-1-4615-4581-1_9
Yuliati, R., Yuliansyah, Y., & Adelina, Y. E. (2019). The implementation of accrual basis accounting by Indonesia’s local governments. International Review of Public Administration, 24(2), 67–80. https://doi.org/10.1080/12294659.2019.1603954
.png)
.png)
