Analysis of Cash Flow Shenanigans on PT. Pertamina (Persero) Tbk

Natalis  Christian; Fiona  Vinelia; Juwenni Juwenni; Michael  Learns Tay; Meliesa Chandrawati

doi:10.54443/sj.v2i2.139

Authors

Natalis Christian Universitas Internasional Batam, Indonesia
Fiona Vinelia Universitas Internasional Batam, Indonesia
Juwenni Universitas Internasional Batam, Indonesia
Michael Learns Tay Universitas Internasional Batam, Indonesia
Meliesa Chandrawati Universitas Internasional Batam, Indonesia

DOI:

https://doi.org/10.54443/sj.v2i2.139

Keywords:

Cash flow shenanigans, financial statement, PT Pertamina

Abstract

Currently, In Indonesia, there are a rising number of instances of financial figures being fraudulently altered. An alleged corruption case occurred from 2009 to 2012. Where, PT Pertamina Patra Niaga entered into a non-cash fuel sale and purchase agreement with PT Asmin Koalindo Tuhup. This study aims to analyze the alleged corruption case that happened to PT Pertamina and analyze fraud cases using cash flow shenanigans. Secondary data for this study was obtained from PT Pertamina (Persero) Tbk's official website. The financial statements of the company for the years prior to, during, and following the fraud will be compared in this study to draw conclusions. The majority of the ratio proves that PT Pertamina experienced a decline in business in 2009. Where as PT. Pertamina needs more time to sell their inventoryand collect their receivable.

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