The Analysis Of Financial Performance Using General Purchasing Power Accounting A Case Study Of PT. Semen Cibinong Tbk.

Abstract

Conventional accounting is known with all their principles and characteristic, for example, the principle of stable monetary unit. It means that accounting with many kinds opinion considers that the value of money is always stable, but in fact it is unstable. This motivated the writer to see the difference between financial statement basis on historical cost and financial statement based on general purchasing power accounting at PT. Semen Cibinong Tbk. and company performance after adjusted to become finaacial statement based on GPPA. This research was done at PT. Semen Cibinong Tbk. for the 1997 until 2001 financial statement using the historical cost, application of the general purchasing power accounting, and financial statement analysis with financial ratio according to SKMenteriBUMNNo. Kep. 100/MBU/2002. After the research is carried out, the writer comes to the conclusion that there are quantitatively big difference between financial statement based on historical cost and financial statement based on GPPA method, so that it makes a different output of the financial statement analysis. The writer recommends that die financial statement based on GPPA had better use to support the financial statement based on historical cost when the condition of the fluctuation of inflation is high enough.