Analysis of financial statements to assess financial performance in savings and loan cooperatives CV. Maju Bersama Perdagangan in Simalungun Regency
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Jun 25, 2023
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Abstract
This study aims to describe the financial performance of cooperative savings and loans CV. Maju Bersama Perdagangan in Simalungun Regency for the 2011–2018 period, find out the dominant factors that have caused the decline in the financial performance of the savings and loan cooperative CV. Maju Bersama. This research was conducted using qualitative descriptive analysis methods and inductive descriptive analysis. The object of research is the Savings and Loans Cooperative CV. Maju Bersama. Moving Forward Together with Perdagangan in Simalungun Regency The results of this study show that the value of the cash ratio, debt to asset ratio, and total asset turnover tend to increase and are in good condition. The profitability value of own capital tends to decrease and is not in good condition. To increase the value of liquidity, cooperative management should increase collection on receivables. To increase the value of solvency, cooperative management should maintain its financial condition by paying debts while maximizing the use of assets. To increase the value of activities, cooperative management should provide and increase sales of assets owned, namely cash and cash equivalents, in order to optimize effectiveness and produce residual business results. To increase the profitability of own capital, cooperative management should increase sales ability, followed by cost management to generate profits, in order to increase profitability for the coming period.
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How to Cite
Tambunan, S. B. (2023). Analysis of financial statements to assess financial performance in savings and loan cooperatives CV. Maju Bersama Perdagangan in Simalungun Regency. Enrichment : Journal of Management, 13(2), 1204-1210. https://doi.org/10.35335/enrichment.v13i2.1360
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Anggadini, S. D., Bramasto, A., & Adrian, M. I. (2022, December 1). Quality of Financial Statements with the Application of Accounting Information Systems and Human Resources Competence. Proceeding of International Conference on Business, Economics, Social Sciences, and Humanities, 3, 630–640. https://doi.org/10.34010/icobest.v3i.195
Cont, R., Kotlicki, A., & Valderrama, L. (2020, June 5). Liquidity at Risk. IMF Working Papers, 20(82). https://doi.org/10.5089/9781513546131.001
Darmawan, A., Cahyo, H. D., Bagis, F., & Rahmawati, D. V. (2022, June 26). Working Capital Turnover, Liquidity, Solvency and Firm Size Effect on Profitability. Jurnal Manajemen Strategi Dan Aplikasi Bisnis, 5(1). https://doi.org/10.36407/jmsab.v5i1.433
Financial Reporting. (2018, June 29). Audit and Accounting Guide, 9–53. https://doi.org/10.1002/9781119542414.ch2
Garcia, A., Siawira, Y., Liunardi, L. O., Adrian, C., Silvana, S., & Lubis, M. S. (2019, July 22). Pengaruh Likuiditas, Leverage, dan Aktivitas terhadap Rentabilitas pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia Periode 2011-2017. Owner, 3(2), 171. https://doi.org/10.33395/owner.v3i2.123
How to Read Financial Statements: A Beginner’s Guide | HBS Online. (2020, June 10). Business Insights Blog. https://online.hbs.edu/blog/post/how-to-read-financial-statements
Hamid, M. (2022, September 30). Analysis of Articulation of Local Government Financial Statements. Atestasi : Jurnal Ilmiah Akuntansi, 5(2). https://doi.org/10.57178/atestasi.v5i2.604
Introduction to Accounting. (2023, March 22). SAGE Publications Ltd. https://uk.sagepub.com/en-gb/eur/introduction-to-accounting/book211202
Jeacle, I. (2021, January 17). Accounting and entertainment: An introduction. Accounting History, 26(1), 3–8. https://doi.org/10.1177/1032373220980872
Коршунова, Korshunova, L., Проданова, Prodanova, N., Зацаринная, Zacarinnaya, E., Гендон, Gendon, A., Рудская, & Rudskaya, I. (2019, July 25). Fundamentals of financial management. https://doi.org/10.12737/textbook_5d3961a55db7f9.62246330
Kardiyati, E. N., & Karim, A. (2020, September 23). ACCOUNTING STUDENTS’ PERCEPTIONS AND EDUCATIONAL ACCOUNTANTS ON ETHICS OF PREPARING FINANCIAL STATEMENTS. International Journal of Economics, Business and Accounting Research (IJEBAR), 4(03). https://doi.org/10.29040/ijebar.v4i03.1302
Lastu, N. P., Murhadi, W. R., & W, R. W. (2020, December 18). An Analysis on the Factors Affecting Credit Selection In BPR to Increase Competitiveness. Jurnal Bisnis Terapan, 4(2), 159–170. https://doi.org/10.24123/jbt.v4i2.2943
LOPATOVSKA, O., & PONOMAROVA, A. (2022, September 29). MODERN METHODOLOGY OF LIQUIDITY AND SOLVENCY ANALYSIS OF THE ENTERPRISE. Herald of Khmelnytskyi National University. Economic Sciences, 310(5(1)), 221–228. https://doi.org/10.31891/2307-5740-2022-310-5(1)-36
Lokasi: Intermediate accounting. Volume 2. IFRS edition / Donald E. Kieso; Jerry J. Weygandt; Terry D. Warfield. (n.d.). Lokasi: Intermediate Accounting. Volume 2. IFRS Edition / Donald E. Kieso; Jerry J. Weygandt; Terry D. Warfield. https://onesearch.id/Record/IOS3774.JAKPU000000000111798
Nikiforova, E., Borovickaya, M., Kupriyanova, L., Shnayder, O., Petrov, A., & Bank, S. (2023, February 13). Analysis of financial statements. https://doi.org/10.12737/1839710
Ngampo, M. Y. A., & Sahade, S. (2021, March 17). The Influence of Cooperative Expenses on Profitability at KPRI colleges in Makassar City. Jurnal Office, 7(1), 11. https://doi.org/10.26858/jo.v7i1.19681
Ojeaburu, F. (2022, September 23). Cooperative Accounting. Ohimai Consulting. https://ohimaiconsulting.com/cooperative-accounting/
Puspitawati, L. (2021, June 1). Strategic Information Moderated By Effectiveness Management Accounting Information Systems: Business Strategy Approach. Jurnal Akuntansi, 25(1), 101. https://doi.org/10.24912/ja.v25i1.727
Ronen, J. (2015, January 21). Financial Accounting Theory and Research. Wiley Encyclopedia of Management, 1–6. https://doi.org/10.1002/9781118785317.weom010048
Siagian, F. T., & Khan, M. (2016, July 14). The impact of a participant-based accounting cycle course on student performance in Intermediate Financial Accounting I. Journal of Education for Business, 91(6), 311–317. https://doi.org/10.1080/08832323.2016.1201452
S., V., & .B, S. (2021, June 30). A Study on Financial Performance Analysis of Manufacturing Industry (Liquidity & Profitability). International Research Journal on Advanced Science Hub, 3(Special Issue 6S), 191–194. https://doi.org/10.47392/irjash.2021.189
Tan, Z. S. (2015, January 21). Financial Analysts. Wiley Encyclopedia of Management, 1–5. https://doi.org/10.1002/9781118785317.weom010009
Yusuf, J. E., & Srithongrung, A. S. (2017, March 1). Capital management: advancing theory and practice. Journal of Public Budgeting, Accounting & Financial Management, 29(2), 182–208. https://doi.org/10.1108/jpbafm-29-02-2017-b002
Zef Arfiansyah, P. R. Q. (2022, January 12). Tax Aggressiveness, Fair Value Accounting, Debt Maturity: Does Integrated Reporting Matter? Jurnal Akuntansi, 26(1), 23. https://doi.org/10.24912/ja.v26i1.815