RECOMMENDATIONS RESULT AND REVIEW

1860 2. Training and socialization of CaLK formulation. To complement the various FS preparation trainings and socializations, it is suggested to also conduct CaLK formulation training and socialization; and 3. Initiatives to solve the challenge of fast, accurate and conforming PEεDA‘s FS. To settle various issues in recent years, regarding fixed asset and information system, both PEMDA and central government must take prompt initiatives to address the problems immediately. 4. CLOSING 4.1 CONCLUSION Calculation result of disclosure level score for Balance Sheet, LAK and LRA showed that PEεDA‘s FS disclosure level for three FS components is fairly high and the deviation standard is low, showing a consistency of disclosure level among PEMDA. Meanwhile CaLK score showed very low disclosure level that applied to all PEMDA in Indonesia. The consistency of PEεDA‘s FS disclosure level score showed that the influencing factors were common to all PEMDA and not related to the unique characteristics of each PEMDA. Central government specifically Finance Department and State Department can use the result of this research to evaluate the readiness of PEεDA‘s FS presentation in β011. KSAP can use the checklist of this research as an initial material in formulating the CaLK formulation technical guidelines. PEMDA can use the result for self-evaluation

4.2 LIMITATIONS

This research is one the first empirical studies related to PEεDA‘s FS; therefore there were several limitations in this research, such as: 1. This research found difficulties in getting the FS issued by PEMDA aside from the ones in www.bpk.go.id . εost PEεDA‘s websites do not include FS. Direct procurement to PEMDA was improbable due to time constraint and bureaucracy. BAKD data source 1861 was limited due to inadequate filing system. Consequently there are possibilities that several PEεDA‘s FS are not included in the research sample; 2. This research is aimed to reveal descriptively the disclosure level of PEεDA‘s FS, therefore the result of this research cannot provide any evaluation about the quality of information presented in PEεDA‘s FS; and 3. This research emphasize on the usage of secondary data of PEεDA‘s FS, literature studies and discussion with parties related with PEεDA‘s FS preparation. Due to budget and time limitation, this research did not conduct a broad confirmation to all sampled PEMDA.

4.3 SUGGESTIONS

Based on the aforementioned results, several things may be developed in subsequent researches, such as: 1. Conduct an empirical research about the integration of financial and non-financial reporting of PEMDA by reevaluating all regulations related to reporting; 2. Expand this research by using research methodology of case study or questionnaire; and 3. Develop this research by performing statistical testing about influencing factors and the effect of disclosure level towards decision making. REFERENCES Bastian, Indra. 2006. Akuntansi Sektor Publik: Suatu Pengantar. Jakarta: Penerbit Erlangga. Bastian 2006 seperti dalam Forum Dosen Akuntansi Sektor Publik FDASP. Buletin Teknis Standar Akuntansi Pemerintah, Telaah Kritis PP No. 24 Tahun 2005. Edisi Pertama. Cetakan Pertama. Yogyakarta: BPFE, 2006. Gibbins, Michael, Alan Richardson, and John Waterhouse. 1990. The Management of Corporate Financial Disclosure: Opportunism, Ritualism, Policies and Processes. Journal of Accounting Research 28 1: 121-143.