Compliance with Segment Reporting and Interim Financial Reporting: A Case Study of Cement Manufacturing Company in Indonesia

Khadijah Raihan and Diajeng Fitri Wulan
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Khadijah Raihan: Accounting Department, Economic and Business Faculty, University of Lampung, Indonesia.
Diajeng Fitri Wulan: Accounting Department, Economic and Business Faculty, University of Lampung, Indonesia.

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Abstract: Aims: In the context of increasing regulatory scrutiny and investor demand for transparent and timely financial information, this study aims to assess the degree of Company X's adherence to key financial reporting standards, specifically PSAK 108 and PSAK 234, as well as their international counterparts, IFRS 8 and IAS 34. The research examines the identification of reportable segments based on revenue, asset, and profit or loss criteria and evaluates the alignment of interim financial reporting practices with established transparency and disclosure requirements. Study Design: This research adopts a qualitative descriptive approach supported by a case study design. Place and Duration of Study: The study focuses on Company X, a state-owned cement manufacturing entity in Indonesia, utilizing financial data covering the 2024–2025 reporting period. Methodology: Secondary data were utilized as the primary source of evidence, comprising annual reports and interim financial statements obtained from the Indonesia Stock Exchange and the company's official website. The analytical process integrated quantitative testing—applying the 10% threshold criteria for revenue, profit or loss, and assets—with qualitative content analysis to evaluate narrative disclosures against PSAK 108 and PSAK 234 requirements. Results: Quantitative assessment revealed that the "Cement Production" segment consistently met all materiality thresholds, contributing 68–71% of revenue, 105–186% of total profits, and 93% of total assets. The "Non-Cement Production" segment, while contributing 29–32% of revenue, did not meet profit or asset thresholds but was disclosed to satisfy the 75% consolidated revenue aggregation requirement (combined 100%). Regarding interim reporting, content analysis confirmed full compliance with PSAK 234, with all mandatory components—including condensed statements of financial position, comprehensive income, changes in equity, and cash flows—presented with required comparative figures. Conclusion: Company X demonstrates strong adherence to both national and international financial reporting standards, effectively identifying reportable segments and ensuring timely interim disclosures. Beyond the firm-level assessment, these findings have broader implications for state-owned and manufacturing enterprises in emerging markets, indicating that alignment with PSAK and IFRS-based standards can enhance transparency, improve comparability, and strengthen stakeholder confidence in corporate reporting practices.

Date: 2026-01-15
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Published in Journal of Global Economics, Management and Business Research, 2026, 18 (1), pp.129-139

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