SKRIPSI Jurusan Akutansi - Fakultas Ekonomi UM, 2010

Ukuran Huruf:  Kecil  Sedang  Besar

ANALISIS KEMAMPUAN PREDIKTIF ARUS KAS DAN EARNING DALAM MEMPREDIKSI ARUS KAS MASA DEPAN PADA PERUSAHAAN LQ-45 PERIODE 2005-2009

Triwiarti .

Abstrak


ABSTRAK

 

Triwiarti, 2010. Predictive Capability Analysis Of Cash Flow And Earning To Predictive Future Cash Flow On Companies Of LQ-45 Period 2005-2009. Thesis, Department of Accountancy, Faculty of Economics, University of Malang. Advisors: (I) Sawitri Dwi Prastiti, SE, M. Si, Ak., (II) Helianti Utami, SE, M. Si, Ak.

 

Keywords: Cash flows, Earning, Future Cash Flows.

In one of the stakeholder theory, the interests of investors and corporate managers is to figure out the company's performance in the present and future whether or not capable of going corcern. Interests can be achieved through future cash flow information. Future cash flows can be predicted from cash flow and earnings information at this time. Both the information is in addition to providing information on current company also provides corporate information in the future with predictive analysis of future cash flows. Therefore the information is very important both for investors and company managers. This research was conducted to determine 1) whether the cash flow information has predictive ability in predicting future cash flows, 2) whether earnings information has predictive ability in predicting future cash flows; 3) whether the cash flow of information has a better predictive ability than the information earnings in predicting future cash flows, 4) whether the predictive ability of cash flow and earnings will increase or decrease within 5 years.

The population of this research is LQ-45 firms in BEI period 2005-2009. The research sample was taken by purposive sampling and obtained samples of twenty-seven companies that meet the criteria. Data analysis used is multiple linear regression. The data used is the cash flow operating activities, information on earnings and future cash flows.

The results of this study are 1) cash flow and earnings have predictive ability in predicting future cash flows. 2) the predictive ability of cash flow information is better than earnings information in predicting future cash flows since cash flow information more precisely describe future cash flows. Accrual component of earnings information contained therefore necessary adjustments to obtain new net cash flow. Besides, earnings information is more vulnerable to manipulation practices. 3) the predictive ability of cash flow and earnings in predicting future cash flows decline within 5 years. It is caused by economic factors of inflation, exchange rate, SBI rates and policies the company managers who lead changes in the financial statements. The results are consistent with stakeholder theory.

Suggestions that can be put forward due to with the results of this study is for the next researcher to use a more complete because of the variable in this study only uses the variable cash flows from operating activities. Object of research using a larger company such as financial and non financial companies where the company fianansial have different characteristics with LQ-45 firms.