Track: Operations Management

Abstract

The objectives of this study are (1) To determine the application of agricultural accounting in Plantation Sub-Sector Companies that are listed on the Indonesia Stock Exchange 2017-2018 in accordance with PSAK 69. (2) To determine the extent to which plantation sub-sector companies are listed on the stock exchange Indonesia 2017-2018 applies PSAK 69, both full and partial implementation. (3) To find out the comparison before and after the application of PSAK 69 in terms of recognition, measurement, presentation and disclosure. This research was conducted at plantation sub-sector companies listed on the Indonesia Stock Exchange for the 2017-2018 period. The sample used in this study were 15 companies. The sample was selected using purposive sampling method. The analytical method used in this research is descriptive qualitative which functions as an analyzer of the data that has been collected. The analysis carried out resulted in several things that needed to be known, including that all the companies studied had started implementing PSAK 69 in the 2018 financial year. The company retrospectively applied PSAK 69, except for one company with the company code MAGP which was still implementing it partially. The comparison between before applying and after applying if viewed from the recognition, that is, before application an asset in the form of living things is recognized as a stock, whereas after application an asset in the form of a living thing is recognized as a biological asset. Judging from the measurement, before application biological assets are measured at cost while after application are measured at fair value. Judging from the presentation and disclosure, there is a reclassification of inventories to biological assets as well as restatement because there are gains or losses due to the application of PSAK 69.