THE IMPACT OF IMPLEMENTATION OF PSAK 73 ON DEBT MANAGEMENT ON THE FINANCIAL PERFORMANCE OF TELECOMMUNICATIONS COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE IN 2019-2022

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.