Abstract:
The implementation of PSAK 73, a new accounting standard, has had a major
impact on the debt management practices and financial performance of
telecommunications companies listed on the Indonesia Stock Exchange between
2019-2022. This research explores the multifaced relationship between PSAK 73
compliance and its impact on the financial health of these companies. PSAK 73,
which discusses debt modification and eliminations, has forced
telecommunications companies to reevaluate their debt management strategies
This research investigates how the implementation of PSAK 73 affects the
debt restructuring decisions of these companies, such as debt refinancing,
conversion, and forgiveness, as well as the subsequent impact on their financial
statements. This study analyzes key financial metrics, such as liquidity ratios,
profitability, and overall financial performance, to determine whether the
implementation of PSAK 73 has resulted in improvements or challenges. The
findings of this research will provide valuable insights for telecommunications
companies and investors, helping them understand the implications of accounting
standards on debt management and financial performance in a given industry and
time period.
