PENGARUH LABA BERSIH DAN KOMPONENKOMPONEN AKRUAL TERHADAP ARUS KAS AKTIVITAS OPERASI DI MASA MENDATANG

Abstract

This study aims to provide empirical evidence on earnings and accrual components in predicting future cash flows in operating activities in manufacturing companies in Indonesia. This study uses four accrual components as independent variables, namely changes in receivables, change in inventories depreciation and amortization, and changes in debt. Analysis model used in this study is multiple regression models. The type of data used are secondary data from manufacturing companies listed on Indonesia Stock Exchange (IDX) during the period 2005-2010. Sampling was done by purposive sampling as many as 331 manufacturing companies. The results of this study showed that earnings, changes in inventories and depreciation and amortization have significant effect on future cash flows in operating activities. While the changes in receivables and changes in payables showed that not significant effect on future cash flows in operating activities. The results of this study indicates the possibility of affecting the company’s criteria change existing accounts receivable and accounts payable in manufacturing companies.