Perbandingan Antara Kemampuan Arus Kas Masa Kini dan laba Bersih (Earnings) Masa Kini dalam Memprediksi Arus Kas Masa Depan

Tameswari, Astrid Andrea, Prof. Dr. Slamet Sugiri, M.B.A., Ak.

2007 | Skripsi | S1 Accounting

Cash flow prediction especially needed by investor and creditor. Current earnings and current cash flow as a financial performance measurement can be used to predict

future cash flow. This study investigates the comparison between the ability of current operating cash flow and current earnings to predict future cash flow from operations. It also investigates the perfect model to predict future cash flow. The term of cash flow refers to cash flow from operations. Data used in this study is collected from the financial statements of manufacturing companies listed on the Jakarta Stock Exchange. The dependent variable used in this study is cash flow from 2001 to 2005 and the independent variables used are current cash flow and current earnings from 2000 to 2004. It also used the average total assets from beginning and end of period as deflator. The empirical results show that current earnings variable is a better predictor of future cash flow than current earnings variable. Additionally, the findings of testing the models suggest that the best model to predict future cash flow is the model which combines the current earnings and current cash flow as independent variables because current cash flow gives additional ability to current earnings to predict future cash flow. Key Words: Cash flow prediction, Future cash flow, Current cash flow, Current earnings.

Kata Kunci : Cash flow prediction, Future cash flow, Current cash flow, Current earnings, Arus Kas Masa Kini, Laba Bersih