THE ANALYSIS OF PRACTITIONERS’ PERCEPTIONS TOWARD IFRS IN INDONESIA

Abstract

Since Indonesian Institute of Accountants (Ikatan Akuntan Indonesia or IAI) has announced the plan to converge Indonesian GAAP (Pernyataan Standar Akuntansi Keuangan or PSAK) with IFRS as of 1 January 2009 starting to be effective on 1 January 2012. Accounting profession will play an increasingly important role in the national economy when Indonesia began to implement IFRS in 2012. However, due to limited education, number and competence of accountants Indonesia is not yet adequate. It still required a lot of breakthroughs. This research surveyed 83 accounting practitioners in Jakarta on November 2013. The respondents surveyed to determine their perception on IFRS relates to knowledge, severity, benefit and action taken in implementing IFRS in Indonesia. The questionnaires as quantitative tools are analyzed by using statistical analysis to determine the level perception of practitioners. However, overall perception shows that accounting professionals surveyed has positive perceptions towards IFRS convergence in Indonesia. The perception of respondents towards implementation IFRS are influenced by several factors. The adoption of PSAK based on IFRS was intended to improve accounting information quality and ensure greater comparability and transparency of financial reporting around the world.