Jurnal Akuntansi Kompetif

PREDIKSI FINANCIAL DISTRESS MELALUI METODE ALTMAN Z-SCORE MODIFIKASI DAN ANALISIS POLA ARUS KAS: STUDI KASUS PT WASKITA KARYA (PERSERO) TBK PERIODE 2018-2024

2026-05-17T14:12:49+07:00

This research aims to predict bankruptcy from PT Waskita Karya (Persero) Tbk from the year 2018-2024. Case study method with a quantitative approach was used in the research. Data analysis tools uses Microsoft Excel with Altman’s Z-Score Modificated model and cash flow patterns. The Altman’s Z-Score uses financial ratios that are Working Capital to Total Assets, Retained Earnings to Total Assets, Earning Before Interest and Taxes to Total Assets, and Book Value of Equity to Total Liability. The results showed company’s categories include grey zone and distress. Analysis Altman’s Z-Score is strengthened using the cash flow pattern and shows that the company is at the financial difficulties or bankruptcy.

Keywords: Bankruptcy prediction, Altman’s Z-Score modificated, Cash flow patterns

TRANSPARANSI LAPORAN KEUANGAN: IMPLIKASI PENERAPAN PSAK 68 (Fair Value Accounting) KAJIAN LITERATUR PERSPEKTIF INVESTOR

2026-05-16T17:04:27+07:00

The application of fair value in financial reporting through PSAK 68 aims to increase the transparency and relevance of financial information for investors. This study examines the implications of implementing PSAK 68 on financial statement transparency based on a literature review. The method used is a literature review, reviewing relevant journals, books, and academic sources. The results of the study indicate that PSAK 68 can increase transparency by presenting values that reflect market conditions and requiring disclosure of valuation techniques and assumptions. However, the use of Level 2 and Level 3 inputs in measuring fair value has the potential to introduce subjectivity, which can reduce the reliability of the information. From an investor perspective, the quality of fair value disclosure significantly influences trust and investment decision-making. Therefore, the implementation of PSAK 68 requires clear and accountable disclosures to optimally achieve the benefits of transparency

ANALISIS SISTEM AKUTANSI PENGGAJIAN PADA UD. RAHMAT JAYA ABADI DI KEL. INDUHA, KEC. LATAMBAGA, KAB. KOLAKA

2026-05-16T16:57:33+07:00

This study aims to (1) analyze the payroll system and procedures implemented at UD. Rahmat Jaya. The analysis process is carried out through the stages of reading, reviewing, and understanding the data by following the analysis model of Miles and Huberman (2010). The payroll accounting system at UD. Rahmat Jaya Abadi is structured based on monthly salary payments made every 31st. The procedure has five main pillars in the operation of this system, namely the personnel function and time recording managed by the secretary, and three other functions, preparation of payroll, accounting, and finance, all of which are the responsibility of the treasurer. The documentation implemented in the payroll process consists of four main types of documents, namely salary change documents, payroll lists, payroll recaps, and payroll envelopes. Of the eight documents that should be implemented in the payroll system, only four of them are used routinely. This condition indicates a weakness in the internal control system, especially in the supervision of the employee attendance recording process which is still carried out manually by the secretary. This manual recording creates the potential for errors and data manipulation, and causes the information processing process to be less efficient. Furthermore, there is no clear separation of duties between accounting and finance functions, as both are carried out by the same treasurer. This has the potential to impact the accuracy, integrity, and transparency of payroll data.

PENGARUH PROFITABILITAS DAN LIKUIDITAS TERHADAP PT INDOFOOD SUKSES MAKMUR TBK PERIODE 2023-2024

2026-05-15T13:11:10+07:00

This study aims to analyze the role of profitability and liquidity in assessing the financial performance of PT Indofood Sukses Makmur Tbk during the 2023–2024 period. The research employed a descriptive quantitative method using secondary data obtained from the company’s annual financial reports. The analysis was conducted through financial ratio calculations, including profitability ratios consisting of gross profit margin, net profit margin, Return on Investment, Return on Equity, and Earnings per Share, as well as liquidity ratios consisting of current ratio, quick ratio, and cash ratio. The results show that the company’s profitability improved in 2024 compared to 2023. Gross profit margin increased from 32.3% to 34.7%, net profit margin rose from 7.3% to 7.5%, ROI increased from 6.3% to 6.7%, ROE increased from 11.8% to 12.5%, and earnings per share increased from Rp928 to Rp984. Liquidity performance also strengthened, as reflected in the increase of current ratio from 192.0% to 215.0%, quick ratio from 145.5% to 166.6%, and cash ratio from 86.8% to 104.4%. These findings indicate that PT Indofood Sukses Makmur Tbk maintained sound financial performance, supported by improved profitability and stronger short-term financial capability.

Keywords: Profitability, Liquidity, Financial Performance, Financial Ratios, PT Indofood Sukses Makmur Tbk.

GOOD GOVERNANCE DAN EFEKTIVITAS PENGELOLAAN DANA DESA: ANALISIS PADA PEMERINTAH DESA MOAIN DI KABUPATEN MALUKU BARAT DAYA

2026-05-15T10:26:20+07:00

Penelitian ini ingin melihat bagaimana prinsip-prinsip Good Governance, seperti transparansi, akuntabilitas, partisipasi, dan responsivitas, diterapkan di Desa Moain, Kabupaten Maluku Barat Daya. Penelitian ini juga ingin megetahui bagaimana penerapan prinsip-prinsip tersebut mempengaruhi efektivitas pengelolaan dana desa. Penelitian ini menggunakan pendekatan kualitatif deskriptif dengan mengumpulkan data melalui observasi, diskusi terarah, dan dokumentasi laporan keuangan desa. Hasil penelitian menunjukkan bahwa Pemerintah Desa Moain telah melakukan partisipasi dan responsivitas dengan baik melalui Musyawarah Desa yang disesuaikan dengan potensi lokal agrowisata. Akuntabilitas juga meningkat setelah adanya kegiatan sosialisasi regulasi Permendagri No. 20 Tahun 2018. Namun, efektivitas pengelolaan dana desa masih menghadapi tantangan, seperti keterbatasan kapasitas Sumber Daya Manusia dalam penguasaan teknologi informasi keuangan dan kendala geografis wilayah kepulauan. Penelitian ini menyimpulkan bahwa meningkatkan literasi regulasi dan digitalisasi administrasi sangat penting untuk mengoptimalkan efektivitas dana desa di wilayah tertinggal, terdepan, dan terluar.

PAJAK DI ERA DIGITAL PENDEKATAN TAM (TECHNOLOGY ACCEPTANCE MODEL) PADA PELAPORAN SPT MENGGUNAKAN CORETAX DJP

2026-05-18T06:19:15+07:00

This study is a quantitative research project aimed at determining the acceptance and usage of Coretax DJP using the Technology Acceptance Model. Sampling was conducted using random sampling, with a sample size of 39 practitioners who are alumni of the LKP Sahabat Prestasi Tax Brevet A & B programmes and who are currently employed by companies across Indonesia. Hypothesis testing in this study was carried out using SPSS Version 26. The results of the testing indicate that (1) computer proficiency influences perceived usefulness, (2) computer proficiency influences perceived ease of use, (3) perceived ease of use influences perceived usefulness, (4) perceived usefulness influences user attitude, and (5) perceived ease of use influences user attitude. It is hoped that this study will help to raise awareness that the use of technology is vital in the current era, where tax regulations are becoming increasingly dynamic and complex, necessitating an integrated system to ensure that tax reporting becomes more efficient and user-friendly.

PENGARUH CAPITAL INTENSITY, CHIEF FINANCIAL OFFICER EXPERT POWER, DAN CORPORATE SOCIAL RESPOSIBILITY TERHADAP MANAJEMEN PAJAK

2026-05-18T05:51:38+07:00

Taxes are one of the most important sources of state revenue in the implementation and development of national development, aimed at improving the comfort and equitable welfare of society. However, most individuals and companies consider taxes to be very detrimental to them because taxes increase the burden that companies must bear, which can reduce their profits and whose benefits are not directly felt. Therefore, companies need to implement income tax efficiency measures to improve corporate welfare, maximize profits, and reduce tax burdens. Good tax management can provide significant benefits to companies by increasing profits and offering a competitive advantage This research was conducted to determine the influence of Capital Intensity, Chief Financial Officer Expert Power, and Corporate Social Responsibility on tax management. The population used in this study consists of energy sector companies listed on the Indonesia Stock Exchange during the period 2019–2024. The sampling technique used purposive sampling, resulting in 48 samples from 8 companies. This research uses secondary data obtained from annual reports and corporate sustainability reports prepared and reported according to the GRI 4 (Global Reporting Initiative) standards and listed on the Indonesia Stock Exchange during the 2019–2024 period. The data analysis method employed in this study is panel data regression, conducted using Eviews 12 as the data processing tool. The results of this study show that Capital Intensity partially influences tax management, while Chief Financial Officer Expert Power and Corporate Social Responsibility partially do not affect tax management.

ANALISIS KINERJA KEUANGAN DESA POLENGA KEC. WATUBANGGA KAB. KOLAKA TAHUN 2021-2023

2026-04-30T09:45:07+07:00

This investigation is designed to assess the financial status of Desa Polenga, Watubangga District, Kolaka Regency in 2021–2023. This research uses a quantitative descriptive method with a village financial ratio analysis approach which includes the independence ratio, effectiveness ratio, and efficiency ratio. The data used are the realization reports of the Village Revenue and Expenditure Budget (APBDes) for 2021–2023. The results of the study show that the financial independence ratio of Desa Polenga increased every year, but it is still in the low to moderate category, which means that the village still has a fairly high dependence on transfer funds from the central and regional governments. The effectiveness ratio shows a fairly effective to effective category, which means that the village government is able to realize revenue in accordance with the targets that have been set. Meanwhile, the efficiency ratio shows a value close to 100% and fluctuates, which indicates that the use of the budget is relatively high compared to the revenue received, and in 2022 a budget deficit occurred. Overall, the financial performance of Desa Polenga shows fairly good progress, especially in terms of effectiveness and increasing independence, but efforts are still needed to improve efficiency and optimize Village Original Revenue in order to reduce dependence on transfer funds.

ANALISIS PENERAPAN AKUNTANSI PAJAK PENGHASILAN PASAL 21 ATAS GAJI PEGAWAI DI BADAN KESATUAN BANGSA DAN POLITIK KABUPATEN KOLAKA TIMUR

2026-05-08T19:26:22+07:00

This study aims to analyze the implementation of Article 21 Income Tax (PPh 21) accounting on employee salaries at the Regional Office of National Unity and Politics of East Kolaka Regency and to identify the factors causing differences in tax calculations compared to the applicable regulations, particularly Law Number 7 of 2021 concerning the Harmonization of Tax Regulations. The research employs a descriptive qualitative method, with data collected through observation, interviews, and documentation, and analyzed by comparing the institution’s tax calculations with prevailing tax regulations. The results indicate that, in general, the implementation of PPh 21 has followed established procedures; however, discrepancies in tax calculations still occur due to inaccuracies in determining employees’ Non-Taxable Income (PTKP) status, resulting in higher tax liabilities than should be imposed. Therefore, periodic updates of employee administrative data are necessary.

Keywords: Tax Accounting, Article 21 Income Tax, Non-Taxable Income (PTKP), Government Institution

PENGARUH GREEN ACCOUNTING DAN UKURAN PERUSAHAAN TERHADAP KINERJA PERUSAHAAN SEKTOR BASIC MATERIAL DI BEI

2026-05-17T13:26:39+07:00

The objective of this study is to analyze the impact of green accounting and firm size on the performance of companies in the raw materials sector listed on the Indonesia Stock Exchange (IDX) during the 2022–2023 period. A quantitative approach using associative methods was applied in this study. Secondary data refers to data that is utilized and obtained from sustainability reports, annual reports, and the PROPER rankings issued by the KLHK. Purposive sampling was the technique used, resulting in a sample of 14 companies and a total of 56 observations. The steps of data analysis using multiple linear regression via software, after passing classical assumption tests including multicollinearity, normality, heterocedasticity, and autocorrelation tests. The results obtained are green accounting has a positive and significant effect on company performance, indicating that better implementation of environmental accounting improves company performance. Firm size also has a positive and significant effect on company performance, suggesting that larger companies have better capabilities in generating optimal performance. Simultaneously, green accounting and firm size have a significant effect on company performance, indicating that both variables jointly contribute to improving company performance. This study implies that companies in the raw materials sector need to make efforts to improve the implementation of green accounting and optimize their resource management practices in order to enhance their sustainability performance. This study can also be used as a source of information for regulators and investors in considering environmental aspects and firm size in decision-making

PENGARUH SISTEM AKUNTANSI TERHADAP AKUNTABILITAS PENGELOLAAN DANA DESA BALASARI KEC. POLEANG BARAT

2026-04-27T22:15:38+07:00

Penelitian ini bertujuan untuk menganalisis pengaruh akuntabilitas dan transparansi terhadap pengelolaan dana Program Keluarga Harapan (PKH) di Kelurahan Kowioha, Kecamatan Wundulako, Kabupaten Kolaka. Penelitian ini menggunakan pendekatan kuantitatif mikro dengan jenis penelitian asosiatif. Populasi dalam penelitian ini adalah seluruh Keluarga Penerima Manfaat (KPM) PKH sebanyak 44 responden dengan teknik sampling jenuh. Data dikumpulkan melalui penyebaran kuesioner dan dianalisis menggunakan regresi linear berganda dengan bantuan SPSS 27.

Hasil analisis statistik deskriptif menunjukkan bahwa nilai rata-rata variabel akuntabilitas, transparansi, dan pengelolaan dana PKH berada pada kategori baik. Hasil uji parsial (uji t) menunjukkan bahwa akuntabilitas berpengaruh positif dan signifikan terhadap pengelolaan dana PKH. Transparansi juga berpengaruh positif dan signifikan terhadap pengelolaan dana PKH. Secara simultan, akuntabilitas dan transparansi berpengaruh signifikan terhadap pengelolaan dana PKH yang dibuktikan melalui uji F.

Nilai koefisien determinasi (R²) menunjukkan bahwa sebagian besar variasi pengelolaan dana PKH dapat dijelaskan oleh variabel akuntabilitas dan transparansi, sedangkan sisanya dipengaruhi oleh variabel lain di luar model penelitian. Temuan ini menunjukkan bahwa semakin baik penerapan akuntabilitas dan transparansi, maka pengelolaan dana PKH akan semakin efektif, tepat sasaran, dan dapat dipertanggungjawabkan. Oleh karena itu, diperlukan peningkatan sistem pelaporan, pengawasan, serta keterbukaan informasi kepada masyarakat guna meningkatkan kepercayaan publik terhadap program bantuan sosial.

Kata Kunci: Akuntabilitas, Kuantitatif Mikro, Pengelolaan Dana, Program Keluarga Harapan, Transparansi

PENGARUH ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE DAN KEPEMILIKAN ASING TERHADAP PROFITABILITAS PERUSAHAAN SEKTOR KESEHATAN

2026-04-30T09:35:18+07:00

This study aims to obtain empirical evidence on the effect of Environmental, Social, and Governance (ESG) disclosure and foreign ownership on corporate profitability. Employing multiple linear regression, this study investigates the relationship between ESG disclosure, foreign ownership, and profitability among healthcare sector companies listed on the Indonesia Stock Exchange (IDX) over the 2022–2024 period. The findings reveal that both ESG disclosure and foreign ownership exert a positive influence on corporate profitability. This indicates that greater transparency in ESG practices, along with the participation of foreign investors, contributes to improved financial performance. Overall, these results are expected to provide insights for companies in enhancing profitability through strengthening ESG disclosure and optimizing the role of foreign ownership.

EFFECTIVE TAX RATE PADA BUMN: APAKAH FIRM GROWTH, EARNINGS MANAGEMENT, DAN GOVERNMENT OWNERSHIP RELEVAN?

2026-04-28T10:19:19+07:00

Tax is a primary component of state revenue. However, the optimization of tax revenue in Indonesia, particularly Corporate Income Tax, still faces complex dynamics as reflected in fluctuations in revenue over recent years. This indicates that the effectiveness of tax management has not been fully stable and is still influenced by various factors. Therefore, this study aims to analyze the effect of firm growth, earnings management, and government ownership on the ETR. The population consists of 27 state-owned enterprises listed on the Indonesia Stock Exchange during 2020–2024, with a sample of 13 companies selected using purposive sampling. The method employs a quantitative approach with multiple linear regression analysis using SPSS. The results show that firm growth and earnings management have a significant effect on ETR, while government ownership does not. These findings indicate that internal company dynamics play more dominant role than ownership structure in determining tax management effectiveness.

PENGARUH KUALITAS IMPLEMENTASI AKUNTANSI KEBERLANJUTAN PADA PROFITABILITAS BANK TERDAFTAR DI BEI

2026-04-24T14:06:39+07:00

Studi ini meneliti pengaruh kinerja Lingkungan, Sosial, dan Tata Kelola (ESG) terhadap profitabilitas perusahaan, serta peran moderasi ukuran perusahaan. Menggunakan data panel dari 17 perusahaan perbankan yang terdaftar di BEI selama periode empat tahun, studi ini menggunakan model regresi efek acak dengan robust standard errors untuk menganalisis hubungan antara kinerja ESG dan return on equity (ROE).

Hasil menunjukkan bahwa kinerja ESG tidak memiliki pengaruh yang signifikan secara statistik terhadap profitabilitas perusahaan. Sebaliknya, ukuran perusahaan ditemukan memiliki dampak positif dan signifikan terhadap ROE, menunjukkan bahwa perusahaan yang lebih besar cenderung mencapai profitabilitas yang lebih tinggi. Lebih lanjut, interaksi antara kinerja ESG dan ukuran perusahaan tidak signifikan secara statistik, menunjukkan bahwa ukuran perusahaan tidak memoderasi hubungan antara ESG dan profitabilitas perusahaan.

Temuan ini menunjukkan bahwa aktivitas ESG mungkin tidak secara langsung diterjemahkan ke dalam kinerja keuangan jangka pendek, dan manfaatnya mungkin lebih bersifat jangka panjang. Hasil ini berkontribusi pada perdebatan yang sedang berlangsung tentang hubungan ESG-kinerja keuangan dengan memberikan bukti kompleksitas dan ketergantungan konteksnya. Studi ini juga menawarkan implikasi praktis bagi manajer dan investor, menekankan pentingnya mempertimbangkan karakteristik perusahaan ketika mengevaluasi inisiatif ESG.

PENGARUH STRUKTUR KEPEMILIKAN DAN KARAKTERISTIK PERUSAHAAN TERHADAP ENVIRONMENTAL DISCLOSURE PADA PERUSAHAAN SEKTOR ENERGI DI BURSA EFEK INDONESIA

2026-04-17T16:49:28+07:00

Global pressure for corporate environmental transparency continues to intensify, particularly in the energy sector, which contributes substantially to carbon emissions and natural resource exploitation. This study examines the influence of ownership structure-proxied by institutional and managerial ownership-and firm characteristics-proxied by firm size and profitability-on environmental disclosure among energy sector companies listed on the Indonesia Stock Exchange for the period 2020-2024. Agency theory serves as the theoretical foundation, explaining how information asymmetry between principals and agents shapes disclosure behavior. Environmental disclosure is measured using the GRI Standards 300 index comprising 30 environmental disclosure items. A quantitative approach employing multiple linear regression was applied to 173 observations derived from 92 energy sector firms through purposive sampling. Results indicate that institutional ownership and managerial ownership have no significant effect on environmental disclosure, while firm size and profitability exert a positive and significant influence. These findings suggest that internal firm capacity is a more decisive determinant of environmental transparency than ownership-based governance mechanisms, implying the need for more inclusive policy reforms to promote environmental disclosure among smaller and less profitable energy companies in Indonesia.

PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP CARBON EMISSION DISCLOSURE

2026-04-16T06:07:56+07:00

Penelitian ini bertujuan untuk menganalisis pengaruh mekanisme corporate governance, yaitu dewan direksi (DD), frekuensi rapat dewan direksi (FRD), dan Gender Diversity (GD), terhadap Carbon Emission Disclosure (CED) pada perusahaan sektor industrial yang tercatat di Bursa Efek Indonesia pada periode 2020–2022. Penelitian ini menggunakan pendekatan kuantitatif dengan metode explanatory research. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan tahunan dan/atau laporan keberlanjutan perusahaan. Teknik pengambilan sampel menggunakan purposive sampling dengan jumlah sampel sebanyak 50 perusahaan. Analisis data dilakukan menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa dewan direksi tidak berpengaruh terhadap CED. Sementara itu, frekuensi rapat dewan direksi dan Gender Diversity berpengaruh signifikan terhadap CED dengan arah negatif. Temuan ini mengindikasikan bahwa intensitas rapat yang tinggi cenderung berorientasi pada penyelesaian masalah jangka pendek dan meningkatkan kehati-hatian terhadap risiko reputasi, sehingga menurunkan tingkat pengungkapan emisi karbon. Selain itu, peningkatan proporsi perempuan dalam dewan belum sepenuhnya mendorong transparansi lingkungan.

ANALISIS RASIO LIKUIDITAS SEBAGAI ALAT UKUR KINERJA KEUANGAN PADA PT GOTO GOJEK TOKOPEDIA TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2022-2024

2026-04-12T17:02:05+07:00

This study analyzes the short-term financial performance of PT GoTo Gojek Tokopedia Tbk during 2022–2024 using liquidity ratios, including the current ratio, quick ratio, cash ratio, and net working capital. The research employs a quantitative descriptive method with secondary data from annual financial reports published by the Indonesia Stock Exchange, analyzed using horizontal analysis. The results show that the company’s liquidity performance is very strong, with all ratios consistently exceeding industry standards. However, a slight decline in liquidity ratios over the period indicates improved efficiency in utilizing current assets, particularly cash, to support operations and business expansion.

ANALISIS HUBUNGAN EFEKTIVITAS DAN PERTUMBUHAN RETRIBUSI DAERAH SERTA KONTRIBUSINYA TERHADAP PENDAPATAN ASLI DAERAH (PAD) DALAM MENINGKATKAN KEMANDIRIAN FISKAL PEMERINTAH DAERAH KOTA JAMBI TAHUN 2020 - 2024

2026-04-12T16:23:08+07:00

This study aims to analyze the relationship between the effectiveness, growth, and
contribution of regional retribution to Local Own-Source Revenue (PAD), as well as its
implications for improving the fiscal independence of the Jambi City Government during the
2020–2024 period. The study employs a quantitative approach. The results show that the
effectiveness level of regional retribution has declined from a very effective category in 2020
(110.55%) to ineffective in 2024 (53.78%). The growth of regional retribution is fluctuating
and tends to be negative after 2021, with a significant decrease of up to -18% in 2024. The
contribution of regional retribution to PAD is relatively low, ranging from 7.11% to 13.48%,
and shows a declining trend. Meanwhile, the fiscal independence level of Jambi City remains
in the low category, with a ratio of 22%–27%, reflecting a high dependence on transfer funds
from the central government.

GOOD CORPORATE GOVERNANCE DAN PENGUNGKAPAN KEBERLANJUTAN SEBAGAI PENENTU NILAI PERUSAHAAN: ANALISIS MODERASI KEPEMILIKAN INSTITUSIONAL

2026-04-09T14:22:17+07:00

This study aims to analyze the influence of sustainability disclosure, the proportion of independent commissioners, institutional ownership, and the interaction between sustainability disclosure and institutional ownership on firm value in plantation companies listed on the Indonesia Stock Exchange during 2021–2024. Using a quantitative panel data regression approach with purposive sampling, the findings reveal that sustainability disclosure positively influences firm value, while independent commissioners and institutional ownership show no significant effect. Moreover, institutional ownership does not moderate the relationship between sustainability disclosure and firm value. A key contribution of this research is the evidence that the combination of sustainability disclosure and institutional ownership has not yet generated tangible added value, highlighting that governance effectiveness depends on disclosure quality and industry sensitivity. The study underscores the importance of enhancing sustainability disclosure, strengthening the role of independent commissioners, and engaging institutional ownership in strategic oversight to foster legitimacy and stakeholder trust.

PENGARUH LEVERAGE, SALES GROWTH, DAN ARUS KAS OPERASI TERHADAP FINANCIAL DISTRESS (Studi Empiris pada Perusahaan Consumer Cyclicals yang Terdaftar di Bursa Efek Indonesia pada Tahun 2022-2024)

2026-05-16T06:06:20+07:00

This study aims to analyze the effect of leverage, sales growth, and operating cash flow on financial distress in consumer cyclicals companies listed on the Indonesia Stock Exchange for the 2022–2024 period. This study uses a quantitative approach with secondary data obtained from the company's financial statements and analyzed using multiple linear regression through the classical assumption test and simultaneous (F-test) and partial (t-test) hypothesis testing. The results show that leverage, sales growth, and operating cash flow simultaneously influence financial distress. Partially, leverage has a significant positive effect, sales growth has a significant positive effect, while operating cash flow has a significant negative effect. These findings indicate that a company's funding structure and ability to generate operating cash flow are important factors in determining a company's financial condition. Therefore, companies need to manage debt and cash flow effectively to minimize the risk of financial distress.

Keywords: Leverage, Sales Growth, Operating Cash Flow, and Financial Distress