Abstract:
Fixed assets are essential components of companies, although not all companies
have the capability to purchase them. As an alternative, companies can lease these assets to
reduce capital usage and depreciation costs. Regulations regarding leases, both operating
leases and Financing leases, are governed by PSAK 73 on Leases, which became effective
on January 1, 2020, replacing PSAK 30. Changes in lease regulations are believed to have
an impact on companies' financial statements. Therefore, this study aims to analyze the
impact of the adoption of PSAK 73 on the financial statements of property and real estate
companies listed on the Indonesia Stock Exchange from 2017 to 2022. The financial
performance of the companies' financial statements is proxied by financial ratios, including
the current ratio, quick ratio, return on assets (ROA), and return on equity (ROE). The
research findings indicate that the adoption of PSAK 73 on Leases has an impact on the
financial performance of companies. The current ratio, ROA, and ROE increased after the
adoption of PSAK 73 on Leases, while the quick ratio decreased. This indicates that
companies experienced an increase in liquidity and financial performance after the adoption
of PSAK 73 on Leases, but this was accompanied by a decrease in the company's ability to
settle short-term liability using liquid assets.
