PELAPORAN PENYATA ALIRAN TUNAI DI MALAYSIA: SATU KAJIAN LANJUTAN
Abstract
ABSTRACT
This study is a preliminary study about cash flow statement reporting in Malaysia. Random sampling technique was used in this study and a total of 98 companies consisting of various industries were selected out of 513 companies listed on the Main Board of the Kuala Lumpur Stock Exchange (KLSE) until 20 July 2001. The annual report of the the sample companies were reviewed and the practice adopted by companies listed on the KLSE was analysed. The study also identifies methods commonly used in the reported cash flow from operating activities and classification for items of interest, dividend, and income taxes. The findings in the study found that reporting using the indirect method is often used and for the practice of interest, dividend, and income taxes classification are dependent on the nature and source of revenue and the payment of these items.
Â
ABSTRAK
Kajian ini merupakan kajian lanjutan bagi membincangkan amalan pelaporan penyata aliran tunai dalam laporan tahunan syarikat yang tersenarai di Bursa Saham Kuala Lumpur (BSKL), kini dikenali sebagai Bursa Malaysia. Objektif utama kajian adalah untuk melihat sama ada wujud hubungan Antara kaedah pelaporan penyata aliran tunai daripada aktiviti kendalian dengan ciri syarikat. Di samping itu juga, kajian ini turut mengkaji praktis terkini pelaporan aliran tunai daripada aktiviti kendalian. Teknik persampelan secara rawak digunakan di dalam kajian ini. Sampel terdiri daripada 181 buah syarikat dalam pelbagai industry iaitu dipilih daripada 598 buah syarikat yang tersenarai di Papan Utama BSKL sehingga 31 Disember 2003. Hasil kajian mendapati bahawa kaedah tidak langsung merupakan kaedah yang popular di kalangan sampel kajian dalam melaporkan aliran tunai bagi aktiviti kendalian. Seterusnya, melalui ujian statistik yang dilakukan didapati bahwa tidak wujud hubungan antara kaedah pelaporan aliran tunai daripada aktiviti kendalian dengan jenis industri, saiz syarikat dan firma audit yang mengaudit syarikat.
References
Azhar Abdul Rahman. 2001. Disclosure of Information and Corporate Characteristics: A Study of Malaysia. IIUM Asian Pacific Accounting Conference 1.10-12 Oktober.
Brahmasrene, T., David, S. and Whitten, D. 2004. Examining Preferences in Chas Flow Format. The CPA Journal. Oktober: 58-60.
Brember, Wayne G. 1975. The Earnings Characteristics of Firms Reporting Discretionary Accounting Changes. The Accounting Review. Julai: 563-572.
Cootle, S., Murray, R.F. dan Block, F.E. 1988. Graham and Dadd’s Security Analysis. New York. NY: Mc-Graw Hill.
Dye, R. 1985. Disclosure of Nonproprietary Information. Journal of Accounting Research. Spring: 123-145.
Dye, R. and Sridhar, S.S. 1995. Industry-Wide Disclosure Dynamics. Journal of Accounting Research. Spring: 157-174.
Gosman, M.L. 1973. Characteristics of Firms Making Accounting Changes. The Accounting Review: 1-11.
Haller, A. and Jakoby, S. 1995. Funds flow reporting in Germany: a conceptual and empirical state of the art. The European Accounting Review. 4:3: 515-534.
Hossain, M., Tan, L.M. and Adams, M. 1994. Voluntary disclosure in an emerging capital market: Some empirical evidence from companies listed on the Kuala Lumpur Stock Exchange. The International Journal of Accounting. 29 (4): 334-351.
International Accounting Standards Committee. 2001. Cash flow Statement. United States of America. (IAS 7)
Iszudin Mohd Amin (ed.). 2005. MASB Moves Closer to Convergence with their planned renaming of MASB Standards. Accountants Today. Januari & Februari: 49.
Jensen, M.C. and Meckling, W.H. 1976. Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure. Journal of Financial Economics. Oktober: 305-360.
Jones, S., Romano, C. and Smyrnios, K. 1995. An Evaluation of the Decisions usefulness of Cash Flow Statements by Australian reporting entities. Accounting and Business Research. Springs. Vol. 25. No. 98: 115-129.
Kintzele, P.L. 1997. Implementing SFAS 95, Statement of Cash Flows. The CPA Journal Online.
Leong Kwong Sin, Low Siew Siang and Pang Yang Hoong. 1989. Highlights statements in annual reports of Singapore public companies. Singapore Accountant. Januari: 15-18.
Malaysian Accounting Standards Boards 5. 1999. Cash Flow Statements. Kuala Lumpur. (MASB 5).
Malone, D., Fries, C. and Jones, T. 1993. An Empirical Investigation of the Extent of Corporate Financial Disclosure in the Oil and Gas Industry. Journal of Accounting, Auditing and Finance. Vol. 8 No. 3. Summer: 249-273.
Mohd. Noor Azli Ali Khan. 2003. Kajian Empirikal ke atas Pelaporan Penyata Aliran Tunai di Malaysia: Satu Kajian Awal. Jurnal Kemanusiaan. Bil. 3. Jun: 64-73.
Ng Eng Juan. 1991. The Impact of Industry, Size and Auditor on Presentation of Highlights Statement: A Singapore Experience. The Malaysian Accountant. Februari: 23-25.
Ng Eng Juan. 1998. Accounting for the Effects of Changes in Foreign Exchange Rates: An Empirical Study of the Accounting & Disclosure Issues. Akauntan Nasional. September: 4-7.
Ng Eng Juan et al. 1998. Accounting and Disclosure Practices of Listed Companies in Singapore. Singapore. Prentice Hall.
Ng Eng Juan. 1999. Cash Flow Statement: An Empirical Study of the Disclosure Practices of Malaysia Companies. Akauntan Nasional. Julai: 6-11.
O’Leary, C. 1988. Cash Flow Reporting, Part I: An Overview of SFAS 95. The Journal of Commercial Banking. Mei: 22-28.
Richardson, P. 1991. Does FASB Stetement No. 95 Really Helps Lenders?. The Journal of Commercial Bank Lending. Mac: 49-54.
Seed, A. 1984. The Funds Statement: How Can it be Imporved. Financial Executive. Oktober: 54-55.
Suruhanjaya Sekuriti. 2001. Kenyataan Akhbar Berita Harian-SC Mengingatkan Syarikat Awam Tersenarai-Penyata Kewangan Mesti Mematuhi Piawaian Perakauan Yang Diluluskan. Kuala Lumpur.
Tan, L.T. Kidam, Z.A. and Cheong, P.W. 1990. Information Needs of Users and Voluntary Disclosure Practices of Malaysia Listed Corporations. Malaysian Accountant. 3: 2-6.
Thompson, J.H. and Buttross, T.E. 1988. Returns to Cash Flow. The CPA Journal. Mac: 30-40.
Trout, K., Tranner, M. and Nicholas, L. 1993. On Track with Direct Cash Flow. Management Accounting. Julai: 23-27.
Wallace, R.S.O. 1987. Disclosure of Accounting Information in Developing Countries: A Case of Nigeria. University of Exeter, United Kingdom. PhD Dissertation.
Wallace, R.S.O., Choudhhury, M.S.I. and Adhikari, A. 1999. The Comprehensiveness of Cash Flow Reporting in the United Kingdom: Some Characteristics and Firm-specific Determinants. The International Journal of Accounting. 34 (3): 311-347.
Wallace, R.S.O., Choudhhury, M.S.I. and Pendlebury, M. 1997. Cash flow Statements: An International Comparison of Regulatory Positions. The International Journal of Accounting. 32 (1): 41-53.
Wallace, R.S.O., and Naser, K. 1995. Firm-specific Determinants of the Comprehensiveness of Mandatory Disclosure in Corporate Annual Reports of Firms Listed on the Stock Exchange of Hong Kong. Journal of Accounting and Public Policy. Winter: 311-368.
Wallace, R.S.O., Naser, K. and Mora, A. 1994. The Relationship between the Comprehensiveness of Corporate Annual Reports and Firm Characteristics in Spain. Accounting and Business Research. Winter: 41-53.
Watts, R.L. and Zimmerman, J.L. 1986. Positive Accounting Theory. Englewood Cliff, NJ: Prentice-Hall.
Woon Chin Chan. 1999. The Important of Cash Flow Statements. Akauntan Nasional. Vol 12. Mei: 19-20.
Zimmerman, J.L. 1983. Taxes and Firm Size. Journal of Accounting and Economics. Ogos: 119-149.
