TEMA 

Abstract: Financial distress condition happens before bankruptcy. This condition can be predicted using models that have developed by many researchers. Most financial distress prediction models rely on financial data, which is easier to obtain, and focus on earnings. The purpose of this research is to examine whether cash flow or earnings that can better predict financial distress condition of a firm. Besides, this research tries to build a model to predict financial distress condition of a firm using financial and non-financial data. This research uses analysis sample and holdout sample. The analysis sample consists of 60 firm-year from 24 different firms in earnings model and 60 firm- year from 24 different firms in cash flow model. The holdout sample consists of 23 firms. The statistic method used is multiple discriminant analysis (MDA). The result of this study shows that earnings can better predict financial distress condition. In other words, it is harder to predict financial distress condition defined in terms of cash flow than in profitability. Key words: financial distress, cash flow, earnings

Abstract: A validated method for the digital representation of historic construction through HBIM permits assessment of compliance with workmanlike practices and structural performance. The construction of an appropriate model is closely linked to survey methodology, to the integrated application of multiple techniques of direct and indirect survey and non-destructive tests. The paper specifically deals with the complementarity between photogrammetry based on UAV (Unmanned Aerial Vehicles) with TLS (Terrestrial Laser Scanner). Finally, through this methodology, the HBIM model set for structural use allows the analysis of local mechanisms in order to verify the performance of the building. The methodological approach to the relationship between constructive survey and construction of the HBIM model to understand and evaluate the building organism from a structural point of view is exposed using Villa Palma-Guazzaroni in Terni as a case study. The Villa is representative of architectural heritage resulting from an original unitary intervention and subsequently affected by several modifications that, without obscuring many of the original values, have nevertheless altered the building and its architectural characteristics.

Abstract: Dalam dunia bisnis, laba telah menjadi icon yang “dikeramatkan”. Laba menjadi tujuan utama dari setiap aktivititas bisnis, sementara aspek-aspek lain cenderung dimarginalkan atau kurang mendapat perhatian yang setara. Menjadikan laba sebagai tujuan utama dari aktivitas bisnis sesungguhnya problematik. Di satu sisi, ada rasionalisasi bahwa laba diperlukan agar bisnis tumbuh dan atau berkembang, sementara pada sisi lain menjadikan laba sebagai tujuan utama (telah) mendorong timbulnya beragam persoalan dan bahkan moral hazard. Akuntansi konvensional yang berbasis pada pandangan ekonomi neo-klasik memiliki kontribusi dalam “memfasilitasi” timbulnya permasalahan tersebut. Rerangka teori (theoretical framework) PEA menawarkan pandangan alternatif dalam upaya mencari keseimbangan antara praktik pengkeramatan laba dengan upaya pencegahan timbulnya implikasi buruk sebagai akibat pengkeramatannya. Kata-kata kunci: Laba, Political Economy of Accounting