Zaki Baridwan(1*)

(1) Universitas Gadjah Mada
(*) Corresponding Author


The Indonesian Institute of Accountants published the Statement of
Financial Accounting Standards No.Z "Cash Flow Statement" requires companies to publish the Cash Flow Statement starts in 1994. Similar requirement has also been required by the Financial Accounting Standards Board of the USA in 1989. The required Cash Flow Statement contains cash flow information, separated into Total Cash Flow, Cash Flow From Operations, Cash Flow From Investing Activities, and Cash Flow From Financing Activities. The financial statements issued periodically by companies now consist of a balance sheet, an income
statement, a statement of retained earnings, and a cash flow statement
Cash Flow Statement could be prepared based on two different
approaches, direct and indirect methods. The indirect method of preparing cash flow statement is performed by adjusting profit or loss amount in the income statement bynoncash transactions, investment and financing activities. By using this method, therefore, cash flow information logically will have relationships with income statement information, at least cash flow from operation with income
from operation. The problem is, publication of cash flow statement is expected to add value to the users of financial statements. If the new information is related to information that is already provided by the income statement, then, the objectives of issuing cash Sow statement would not be achieved. This study evaluates relationships and similarity of the two information (Le. income statement and cash Sow) using data from 62 public manufacturing companies. The results of conelation and Wilcoxon Signed Rank tests show that income statements information is highly conelated but do have significant differences with cash Bow information. Therefore, the conclusion is that there is additional value mat is obtained by users of financial statements. The accounting authority has conectly requires the publication of cash flow statement.


Nilai tambah, Informasi, Laporan, Arus Kas

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Ali, Ashiq. "The Incremental Information Content of Earnings, Working Capital from Operations, and Cash Flows". Journal of Accounting Reseach (Vol 32 No.l, Spring 1994) pp.61-74 Bowen, R.M, D. Burgstahler, dan L.A. Davey, "Evidence on the Relationships Between Earnings and Various Measures of Cash Flow" The Accounting Reviewed LXI, No.4, October 1986) pp. 713-725 Financial Accounting Standards Board. Accounting Standards, Original Pronouncements. July 1973 - Juni 1, 1985. New York McGraw-Hffl Book Company, 1985 ________ Accounting Standards, Original Pronouncements, as of June 1, 1993. Bun Ridge, Illinois: Irvvin, 1993 Heath, Loyd C. "Let's Scrap the "Funds" Statement". Journal of Accountancy (October 1978) pp. 94 -103 Ikatan Akuntan Indonesia. Standar Akuntansi Keuangan. Buku Satu. Jakarta: Salemba Empat,1994 Lee, Tom A. " The Cash Flow Accounting Alternative For Corporate Financial Reporting". In Trends in Managerial and Financial Accounting Ed. Van Dam. Martinus Nijhoff Social Sciences Division, 1978, pp. 63-72

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