Suchergebnisse

The purpose of this study is to examine the differences in the value of the financial distress of manufacturing companies before and after the Covid-19 pandemic, as well as to examine the determinants that affect the financial distress of manufacturing companies before and after the Covid-19 pandemic. This study is a quantitative study with the population in this study namely manufacturing companies in Indonesia. The sample is 1005 Firm Years in manufacturing companies in Indonesia. These Manufacturing Companies were taken from 2016-2021, but we divided the sample into 2 categories, namely 2016-2019, namely in the pre-pandemic period as many as 653 firm years, and during the pandemic as many as 352 firm years. The dependent variable used in this study is financial distress, measured by the O-Score Model. Furthermore, the independent variables are profitability using ROA, liquidity using the current ratio, and leverage using the Debt to Assets Ratio. The test results show no difference between the financial distress of manufacturing companies in Indonesia before and during the pandemic. During the pandemic, financial ratios became more considered in predicting financial distress than before the pandemic. The role of profitability is a factor that impacts financial distress is more impactful in the pre-pandemic period. The role of liquidity being a factor that impacts financial distress is more impactful during the pandemic. Leverage can also be a good indicator in predicting financial distress both in the pre-pandemic and during the pandemic.

Considering the various regulations that issued by government such as Act Number 2014 in relation to Villages which contained the Village Government Authorities, Rights, and Obligations as well as The Minister of Home Affairs Regulation (Permendagri) Number 113 Year 2014 concerning Village financial management which included the Guidelines and Stages to avoid Village financial management mistakes and misunderstanding between Village government in its organization. Educational institutions have executed the Village Accounting subjects that will be studied by Vocational High School students in 2018. Thus, it required knowledge and understanding about Village Accounting for Vocational High School Accounting teachers, especially in Tulungagung. In this practice, the researcher presented understanding through lecture and practicum methods using SISKEUDES application in order to generate competent accounting teachers.