FINANCIAL STATEMENTS IN FOREIGN CURRENCIES: CASE OF PERTAMINA

DOI

10.2991/ebic-17.2018.45How to use a DOI?

Keywords

financial report, foreign currency, currency risk

Abstract

Since 2011, Pertamina company has made a financial statement in US Dollar. However, it is unclear how Pertamina prepares financial statements in US Dollar, where the listing system still uses the Rupiah currency. The issue of this paper is that there is uncertainty and disagreement about the practice of currency changes in financial reporting. The purpose of this paper is to describe the company's currency changes. This paper discusses the case of Pertamina Company. The practice of changing financial transactions from Rupiah to US Dollar poses a risk of error in the financial statements. This paper proves descriptively about possible errors of the currency changes in Pertamina company.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Moenaf H. Regar
PY  - 2018/01
DA  - 2018/01
TI  - FINANCIAL STATEMENTS IN FOREIGN CURRENCIES: CASE OF PERTAMINA
BT  - Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)
PB  - Atlantis Press
SP  - 282
EP  - 292
SN  - 2352-5428
UR  - https://doi.org/10.2991/ebic-17.2018.45
DO  - 10.2991/ebic-17.2018.45
ID  - Regar2018/01
ER  -