ANALISIS GOING CONCERN DENGAN Z-SCORE BUMD DI LINGKUNGAN PEMERINTAH PROPINSI SUMATERA UTARA

Khairul Amri Hasibuan; Anggi  Afnisah; Palacheta Subies Subianto; Adam  Afiezan; Chairina Chairina; Fatnida Fatnida

Authors

Khairul Amri Hasibuan Sekolah Tinggi Ilmu Ekonomi Graha Kirana
Anggi Afnisah Sekolah Tinggi Ilmu Ekonomi Graha Kirana
Palacheta Subies Subianto Sekolah Tinggi Ilmu Ekonomi Graha Kirana
Adam Afiezan Sekolah Tinggi Ilmu Ekonomi Graha Kirana
Chairina Sekolah Tinggi Ilmu Ekonomi Graha Kirana
Fatnida Sekolah Tinggi Ilmu Ekonomi Graha Kirana

Abstract

This study aims to assess the going concern status of non-financial Regional-Owned Enterprises (BUMD) under the North Sumatra Provincial Government based on their financial statements. The study population consists of non-financial BUMDs within the North Sumatra Provincial Government. A purposive sampling method was employed to select the sample from this population. Data collection relied on secondary sources specifically, financial statements audited by public accountants for the years 2022 and 2023, as published on the North Sumatra Provincial Government's official website. Z-Score analysis was used to evaluate going concern status based on these financial statements. The results indicate that, based on the 2022 audited financial statements, two BUMDs fell within the bankruptcy zone, while three were in the healthy zone. Regarding the 2023 audited financial statements, three BUMDs were in the healthy zone, one was in the grey zone, and one was in the bankruptcy zone. These findings serve as a signal for the North Sumatra Provincial Government and its partners to pay close attention to the companies' conditions and to rescue BUMDs from the threat of bankruptcy steering them toward financial health by implementing the recommendations found in the Independent Auditor's Reports.

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Keywords:

BUMD, Z-Score, Going Concern, Financial Statements, North Sumatra

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