Perbandingan ketepatan klasifikasi model prediksi kepailitan berbasis akrual dan berbasis kas

ABSTRACTThis study aims to examine the ability of bankruptcy prediction models based on accruals and cash flows in financial conditions that predict future financial distress. Accrual-based bankruptcy prediction models formed from 5 Altman financial ratios: working capital: total assets retained earnings: total assets, earnings before interest and taxes; total assets, equity market value: book value of total debt, and sales: total assets. Cash flow prediction models based on cash flow are formed from 3 financial ratios, Gilbert, Menon's, and Schwartz: Operational Cash Flow: Current Liabilities, Cash Flow from Operations: Total Assets, and Cash Flow from Operations: Total Liabilities. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange in the 2013-2017 period. This study uses statistical tools to form a model of bankruptcy prediction discriminant analysis. The results showed that the accrual bankruptcy prediction model had better ability than cash flow-based bankruptcy prediction models. This is indicated by the results of the cash-based financial determination coefficient is smaller than the accrual basis.Keywords: financial distress, discriminant analysis, accrual bankruptcy prediction model, bankruptcy prediction model based on cash flo