Klabat Accounting Review

The The Actualization of Internal Control for Official Travel : Agency X City A

2026-02-04T01:45:29+00:00

This study aims to explore the forms of internal control activities for official travel at Agency X. It uses a qualitative method with a descriptive approach. Data was collected through observation, interviews, and documentation during an internship at the agency, then analyzed useinh the Miles and Huberman interactive model, which includes data reduction, data presentation, and conclusion drawing. The result show that the implementation of internal control over official trave at Agency X was carried out through six aspects of control activities: establishment of responsibilities, separation of duties, documentation procedures, physical controls, independent internal verification, and human resource controls. Additionally, there are supplementary policies such control system is functioning quite well, although weaknesses still exist in employee discipline and the completeness of accountability documents. This study concludes that internal control of official travel plays a vital role in improving the transparency, accountability, and efficiency of regional financial management. Therefore, strengthening employee discipline, optimizing digital systems, and conducting periodic eveluations are crucial to prevent potential irregularities and enhance the quality of government governance.

Analysis of IT Implementation in Computerized Accounting Systems in Digitalization Era

2026-02-13T09:23:39+00:00

This study examines the implementation of Information Technology (IT) in computerized accounting systems and its transformative impact on accounting practices in the era of digitalization. Using a qualitative methodology through a systematic literature review, this research synthesizes findings from academic journals, books, and professional reports. The study reveals that cloud computing, Artificial Intelligence (AI), Big Data analytics, blockchain, and Internet of Things (IoT) technologies significantly enhance accuracy, efficiency, security, and decision-making in accounting. The findings further highlight challenges such as Impact of IT on Efficiency and Accuracy in Accounting, Ethical, Security, and Privacy Challenges, Strategic Transformation of the Accounting Profession, and Technological Integration and Organizational Performance. The study contributes to the growing body of literature by offering insights into technological integration and identifying future research opportunities to improve digital accounting practices.

Uncovering the Response of Property Stock Returns to Inflation, Interest Rates, and Exchange Rate Shocks 2021–2024

2026-01-26T14:03:42+00:00

understanding that accounting functions as an economic language that reflects the influence of macroeconomic factors on company performance and value in the capital market. Fluctuations in stock returns in the property sector in Indonesia during the 2021–2024 period, amidst dynamics of inflation, interest rates, and exchange rates that are not always in line with theory or previous empirical findings, raise questions about the influence of these three variables on stock returns. This study aims to analyze the influence of inflation, interest rates, and exchange rates on stock returns of property companies listed on the Indonesia Stock Exchange using the Arbitrage Pricing Theory (APT) framework. A quantitative approach with a causal associative design was used in this study, with secondary data sourced from the Indonesia Stock Exchange and Bank Indonesia. The research sample consisted of two property sector issuers with monthly data for the 2021–2024 period. Data analysis was performed using the SEM-PLS method through the WarpPLS application. The results show that inflation and interest rates have no significant effect on stock returns, while the exchange rate has a negative and significant effect. These findings indicate that the property sector is more sensitive to exchange rate changes than other macroeconomic variables.

Portfolio Excess Return Analysis for SRI-KEHATI Index Stocks: Evidence from the Fama-French Three-Factor Model

2026-02-03T14:22:45+00:00

This study addresses the growing investor interest in sustainable investments that consider profitability as well as social, environmental, and governance factors, as reflected in the SRI-KEHATI index on the Indonesia Stock Exchange. Using a quantitative approach, the Fama-French Three Factor Model was applied to estimate the excess returns of stock portfolios listed in the SRI-KEHATI index from 2020 to 2024. The analysis focused on three factors: market risk premium, firm size, and book-to-market ratio. The results show that all three factors have a positive and significant effect on portfolio excess returns. These findings confirm the model’s relevance in the Indonesian market and emphasize the importance of risk and fundamental factors in sustainable investment decisions. The study concludes that the Fama-French Three Factor Model effectively explains excess returns of sustainable stock portfolios and can guide investors in ESG-based investment strategies. Future research should consider additional risk factors, compare the model with newer multifactor models, and expand data scope and analytical methods to better capture market dynamics.