Development and Future Trends of Financial Accounting in Indonesia
Research Journal of Finance and Accounting, 2019
6 Pages Posted: 6 Apr 2020
Date Written: July 12, 2019
This study aims to find out how the development of financial accounting practices in Indonesia, the development of the accounting profession in Indonesia, and how the future trends of financial accounting practices in Indonesia. The results of the study showed that: (1) Thus far, the development of financial accounting practices in Indonesia was quite slow; (2) The development of the professional accounting organizations of Institute of Indonesia Accountants (IAI) and Institute Public Accountants of Indonesia (IAPI) tend to be slow until now, and (3) The tendency of financial accounting practices for the future in Indonesia is to start sequential entry in the notes of financial statement (disclosures) of reporting practices of Corporate Social Responsibility (CSR), reporting practices of human resource accounting, value added accounting , general price level accounting, ABC accounting, inflation accounting, and behavioural accounting.
Keywords: disclosures; CSR; human resources accounting; value added; ABC costing; behavioural accounting.
JEL Classification: M41
Suggested Citation: Suggested Citation