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Submitted
September 22, 2026
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September 29, 2026
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Abstract

Shareholder loans are an alternative financing option from the parent company to the subsidiary, aside from third-party loans or capital contributions to fund the subsidiary's operating needs or investment. Companies prefer shareholder loans to capital increases due to the flexibility, speed, and minimal administrative implications and corporate actions required. The study was conducted because the management of shareholder loans at PT RNI (Persero) is suboptimal, starting from the process of verifying the loans proposal, monitoring, and collection to accounting records, leading to potential uncollectible receivables and unaccountable accounting reporting. This research aimed to analyze the causes of PT RNI (Persero)'s inadequate shareholder loans management and develop an effective management system model at PT RNI (Persero). The research method used is a qualitative approach and case study at PT RNI (Persero). This research used theories related to state finance, state-owned enterprise (SOE), and corporate accounting. The data collected include primary and secondary data through interviews and the collection and analysis of several documents, including regulations, company policies, financial reports, and other relevant documents. Data processing and analysis were carried out through data reduction, data presentation, conclusion, and verification. The results indicate three factors causing the inadequate management of shareholder loans: (1) inadequate and incomplete financing feasibility analysis, (2) inadequate receivables monitoring and collection, and (3) transaction recording, which does not fully adhere to accounting standards. The recommendations include the company's management firmly implementing and enhancing an integrated cross functional/divisional financing analysis framework, improving the monitoring and evaluating of loans usage, and considering the collection aspect when recording interest income and shareholder loans receivables to support accounting reporting.

Keywords

Shareholder loans Feasibility Analysis Monitoring and Collection Accounting Recording

Article Details

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