FINANCIAL AND NON FINANCIAL FACTORS INFLUENCE ON THE IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) (Case Study At Property and Real Estate Companies Listed At Indonesian Stock Exchange From 2010-2013)
Icih 1, Siti Rodiah Kolbiah 2
STIE Sutaatmadja Subang
This research aims to determine the financial and non financial factors that affect the implementation of IFRS on Property and Real Estate companies listed in Indonesia Stock Exchange 2010-2013. Financial factors examined in this study are out finance (out debt and out equity), leverage (LEV), foreign revenue (FREV), and size (SZ) . Non financial factors are issue, power distance (PD), and size of public accountant firm (PA).
Methods of observation in this study using descriptive statistics with quantitative methods. Sampling selection method used is purposive sampling, The analysis technique used is the technique of multiple regression using SPSS version 20 software. The research using population of all real estate companies and properties listed in Indonesia Stock Exchange. The number of real estate and property companies used as the sample in this study was 8 companies for a 4 years observation. Based on purposive sampling method, the number of the samples was 32 audited financial statements Property and Real Estate companies.
Based on the results of multiple regression test, results showed that partially out debt, out equity, size, and size of public accountant firm does not affect the implementation of the IFRS, while leverage, issue, foreign revenue, power distance affect the implementation of IFRS. Simultaneously variables out finance, leverage, issue, foreign revenue, size, size of public accountant firm and power distance affect the implementation of IFRS.
Topic: Financial Management and Accounting