Published date: Jun 20 2022

Journal Title: KnE Social Sciences

Issue title: The 3rd International Conference on Intellectuals’ Global Responsibility (ICIGR) 2021

Pages: 463-474

DOI: 10.18502/kss.v7i10.11249

Evi Dwi Kartikasarievican91@gmail.comAhmad Dahlan Lamongan Institute of Technology and Business, Ahmad Dahlan No.41, Jetis Tlogo anyar, Lamongan, East Java, 62215, Indonesia

Annita MahmudahAhmad Dahlan Lamongan Institute of Technology and Business, Ahmad Dahlan No.41, Jetis Tlogo anyar, Lamongan, East Java, 62215, Indonesia

Irma IndiraAhmad Dahlan Lamongan Institute of Technology and Business, Ahmad Dahlan No.41, Jetis Tlogo anyar, Lamongan, East Java, 62215, Indonesia

Aranta Prista DilasariAhmad Dahlan Lamongan Institute of Technology and Business, Ahmad Dahlan No.41, Jetis Tlogo anyar, Lamongan, East Java, 62215, Indonesia

Heti Nur AniAhmad Dahlan Lamongan Institute of Technology and Business, Ahmad Dahlan No.41, Jetis Tlogo anyar, Lamongan, East Java, 62215, Indonesia

A company’s management team is responsible for measuring its financial performance and assessing the operational needs for utilizing the company resources based on its ability to generate profits. The ongoing COVID-19 pandemic made it imperative for the banking sector to implement effective profit management strategies so that their financial position remains stable, considering that there are several government policies regarding the other types of funds. This study intended to examine the accounting and profit management practices applied by the banking sector companies in Indonesia during the COVID-19 pandemic. Using a qualitative descriptive method, the researchers extracted data from the online Indonesia Stock Exchange (IDX). A sample of 13 banking companies was selected. Data analysis was done using narrative study techniques based on theoretical assumptions by analyzing existing documents. The majority of banks studied in this research applied accrual-based accounting records because of their relationship to income recognition. Profit management was implemented to maintain financial performance and tax savings.

Keywords: accounting record-keeping, profit management

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