Professional Documents
Culture Documents
Dosen Pengampu:
Achmad Zaky, S.E., MSA., Ak.
Anggota Kelompok:
UNIVERSITAS BRAWIJAYA
FAKULTAS EKONOMI BISNIS 2024
JL.MT HARYONO NO.165, KETAWANGGEDE, KECAMATAN
LOWOKWARU, KOTA MALANG, JAWA TIMUR, 65300
Tugas Sesi 7
● Short Case 1
An electronics company that produced circuit boards for personal computers was
formed in a small southern town. The three founders had previously worked
together for another electronics company and decided to start this new company.
They ended up as senior officers and members of the board of directors in the
newly formed company. One became the chairman and CEO, the second became
the company’s president and COO, and the third became the controller and
treasurer. Two of the three founders together owned approximately 10.7 percent of
the company’s common stock. The board of directors had a total of seven
members, and they met about four times a year, receiving an annual retainer of
$4,500 plus a fee of $800 for each meeting attended. Their new company was well
received by the townspeople, who were excited about attracting the new start-up
company. The city showed its enthusiasm by providing the new company with an
empty building, and the local bank provided a very attractive credit arrangement
for the company. In return, the company appointed the bank’s president to serve as
a member of its board of directors. Two years later, the company began committing
financial statement fraud, which went on for about three years. The three founders
were the fraud perpetrators. Their fraud involved overstating inventory,
understating the cost of goods sold, overstating the gross margin, and overstating
net income. Identify the fraud exposures present in this case.
Jawab :
● Study Case 1
1.)
2.) Berdasarkan data rasio keuangan perusahaan di atas, dapat diketahui bahwa pada Quick
ratio di tahun 2009 dan 2010 memiliki perbedaan yang cukup signifikan dibandingkan
dengan industry ratio nya. Quick ratio sendiri adalah rasio yang menggambarkan
kemampuan perusahaan melunasi utang dengan aset-asetnya yang likuid. Dalam kasus di
atas,quick ratio tahun 2009 dan 2010 turun drastis dibandingkan dengan industry ratio nya
di mana hal ini bisa menunjukan kenaikan current liabilities sebagai indikator fraudnya.
Penurunan quick ratio tersebut juga bisa dikarenakan oleh kenaikan beban dibayar di muka
sehingga hal tersebut bisa menjadi indikator fraud, yaitu pelaku fraud berusaha
menyembunyikan fraudnya dengan meningkatkan catatan beban.