HELLO!

We are 7th Group

Debi Annisa (1808042036)
Shella Gherina S (1808042038)
Meicy Intan Sari (1808042041)
 Internet
Financial Report
 The Definition of
Internet Financial
Report
 “
Internet Financial
Reporting (IFR) is a
method used by
companies to post
financial information
through the internet or
websites owned by the
company (Ashbaugh et
al., 1999).

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 “
▹ Internet Financial
Reporting (IFR) is an
attempt to include
company financial
information via the
internet or website
(Lai et al, 1999).

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Companies that adopt IFR practices
consist of companies that disclose: (1)
a whole financial report including
footnotes, (2) semester financial
reports, and / or (3) important 6

financial information such as

summary financial statements
through the company's website
(Oyelere et al ., 2003).
The advantages of IFR
▹ The use of the internet as a medium for
delivering financial report is a savings for
companies because they no longer need
to print financial reports using paper.
The internet allows businesses to
achieve relatively lower costs
▹ The process of distributing financial 7

report to interested parties is also more

efficient and real-time, because those
who want to see the company's financial
report can directly obtain them via the
internet.
▹ Ease of accessing the latest
information, which every investor
can access financial statement
information quickly and easily
wherever and whenever they
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want.
▹ Providing two-way
communication media between
company management and
website visitors.
The disadvantages of IFR
▹ A computer or smartphone
connected to the internet is
required to access the web
service.
▹ Not all understand the use of 9

technology-based financial
services, especially those with
minimal information
Financial report
application
This financial information includes the
complete corporate / agency annual
financial statement, which consists of the
balance sheet, income statement, cash flow
statement, and notes to financial
statements (CALK).
Internet Financial Report should reflect the 11

condition of the company or agency

completely, thoroughly and in accordance
with the actual conditions, so that the
information can be useful for investors or
those interested in an agency.
According to Luciana and Sasongko (2009)
there are four criteria to measure the
internet financial report:
 Content, in this category is the
component of financial information.
Financial information disclosed in the
form of html has a higher score than in 12
pdf format. Because the use in the form
of html makes it easier for information
users to access the financial
information.
 Timeliness, when a company's website
can present timely information, the
higher its index
 Utilization of technology, this component
is related to the use of technology that
cannot be provided by print report media
and the use of multimedia technology
media, analysis tools (for example,
Excel's Pivot Table), advanced features
(such as implementation of "Intelligent 13
Agent" or XBRL).
 User Support, the index of the company's
website is getting higher if the company
optimally implements all means on the
company's website. Media search and
navigation / search and navigation tools
(such as FAQs, links to homepage, site
map, site search).
Venter (2002) in Hargyantoro (2010) mentions that there
are several formats for presenting financial reports via
the internet, namely:

▹ Portable Document Format (PDF)

▹ Hypertext Markup Language (HTML)
▹ Graphics Interchange Format (GIF)
▹ Joint Photographic Expert Group (JPEG)
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▹ Microsoft Excel Spreadsheet
▹ Microsoft Word
▹ ZIP Files, (WinZip)
▹ Macromedia Flash Software
▹ Real Networks Player Software
▹ Macromedia Shockwave Software,
Dana Bantuan
Operasional
Sekolah (BOS)
▹ BOS is a government program that
provides non-personnel funding
to basic education units as the
implementers of compulsory
education. Nevertheless, there
are several kinds of investment 16
and personnel costs that are
allowableto be funded by the BOS
program by the technical
guidelines from the Minister of
Education and Culture
The conditions for using BOS funds are
stated in chapter V Attachment to
Permendikbud No. 1 of 2018 concerning
Technical Guidelines for School Operational
Assistance. Provisions on the Use of BOS
Funds are a key element in the BOS
Technical Guidelines.
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BOS Technical Guidelines in Permendikbud

No. 1 of 2018 concerning Technical
Guidelines for School Operational Assistance
is a guide for BOS Operators so that they can
be accounted transparently to other parties
outside the school.
General provision for BOS
▹ The use of BOS in schools must be based on
mutual agreements and decisions between
School BOS Team, Teacher Council, and
School Committee.
▹ The use of BOS is prioritized for school
operational activities.
▹ BOS funds received by schools every quarter /
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semester can be planned to be used to

finance other activities in the next quarter /
semester
▹ Procurement of infrastructure carried out by
schools must follow infrastructure standards
and applicable specifications.
BOS funds can be used for the
following activities:
▹ Purchasing/duplicating textbooks
▹ Funding all activities related to new student admissions
▹ Remedial financing for learning activities, Active, Creative,
Effective and Fun Learning
▹ Financing daily tests, end of term examinations, school
examinations and student school reports
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▹ Purchasing disposable/consumable materials
▹ Financing power and services subscriptions
▹ Financing school maintenance
▹ Honorarium pay for teachers and educational staff.
▹ Professional development of teachers, such as training,
KKG/MGMP and KKKS/MKKS.
▹ Cost of assistance for poor students, school uniforms,
shoes/stationery.
Schools are prohibited from
using BOS Funds for
▹ finance activities that are not a priority for
schools, including comparative studies, study
tours (field trips), etc;
▹ buy clothes / uniforms / shoes for teachers /
students for personal use (not school 20
inventory);
▹ pay dues for activities organized by UPTD
sub-districts / districts / cities / provinces /
centers, or other parties;
▹ buy Student Worksheets (LKS) and materials /
equipment that do not support the learning
process;
THANKS!
Any questions?
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