ANALISIS KEMAMPUAN LABA, KOMPONEN AKRUAL DAN ARUS KAS SEBAGAI PREDIKTOR LABA DAN ARUS KAS MASA DEPAN (Studi Empiris Pada Perusahaan Manufaktur Yang Listed Di BEI)

Abstract

This study aimed to analyze empirically whether earning after tax (EAT), accrual component (Akrl) and operating cash flow (AKO) can predict the future earning and future cash flow. It also determined the main factor influencing those two dependent variables. The population of this study are the manufacturing company listed in BEI (Bursa Efek Indonesia). This study use purposive sampling. The number of samples are 45 manufacturing company listed in BEI, with period from 2003 until 2006. The test use multiple regression. This study use independent variables that are EAT, Akrl, and AKO in period t-1 (year 2003 and 2004), and two dependent variable namely EAT and AKO in period t (year 2005 and 2006). The result showed that partially only earning after tax (EAT) and operating cash flow (AKO) that can influenced significantly to the future earning, but for predict future cash flow only accrual component (Akrl) that influenced significantly. The main predictor of future earning is earning after tax, while the main predictor of future cash flow is accrual component.