Financial Reporting Quality of Financial Institution Pension Funds (DPLK): A Perspective from Pension Fund Accounting

Abstract

Financial Institution Pension Fund (DPLK) is a financial institution that manages participants' pension funds with a long-term orientation to ensure participants' welfare during retirement. As an institution that manages public funds, DPLK is required to implement the principles of transparency and accountability through the presentation of high-quality financial statements. The quality of financial statements becomes an important indicator in assessing the effectiveness of pension fund management as well as the level of compliance with applicable accounting standards. This study aims to analyze the accounting practices of DPLK based on the approach of financial statement quality concepts as regulated in Statement of Financial Accounting Standards No. 18 (PSAK 18) regarding Pension Fund Accounting and the Conceptual Framework for Financial Reporting.

The research method used is qualitative descriptive with a literature study and document analysis approach. Data were obtained from PSAK 18, the Conceptual Framework for Financial Reporting, as well as relevant scientific literature. Analysis was conducted by assessing the compliance of DPLK accounting practices with the qualitative characteristics of financial statements, namely relevance, reliability, comparability, and understandability.

Research results indicate that the implementation of PSAK 18 has generally been able to support the quality of DPLK's financial statements, particularly in presenting relevant and reliable information for financial statement users. In addition, the consistency in applying accounting standards also enhances the quality of financial statements across periods. Therefore, improving the quality of information disclosure is important to strengthen the quality of DPLK's financial statements.