Pengujian Aliran Kas Masa Datang dan Return Saham Melalui Akrual dan Pajak Tangguhan :: Studi pada Perusahaan Manufaktur yang Terdaftar pada Bursa Efek Jakarta periode 2000-2004

Damayanti, Theresia Woro, Dr. Hardo Basuki, M.Soc.Sc.

2007 | Tesis | S2 Magister Accountancy

Decision making process usually based on earnings information That is why earning"s quality become a focus by investor, creditor, accounting and government. Accounting policy use accrual basis to ascertain an earnings. Accrual can predict future operating cash flow and can explain the stock return. Manager discretion in accrual basis cause the decline of earning"s quality. Now, researcher focus on booktax differences that defined as deffered tax because there is a lot of discretion in accounting policy than in tax policy. This reasearch want to expalin how accrual and deffered tax can predict future operating cash flow and can explain the stock return All of manufacturing company that are registed in Indonesian Capital Market Directory 2000-2004 used as sample by purposive sampling. This research find that deffered tax is incrementally usefull than accrual to predict future operating cash flow and can explain the stock return. Key Words: Accrual, Deffered Tax, Operating Cash Flow and Stock Return

Kata Kunci : Accrual, Deffered Tax, Operating Cash Flow and Stock Return, Return Saham, Pasar Modal, Aliran Kas Perusahaan