1.

Variabel financial stability:

a. Total aset 2017
b. Total aset 2018 - 2020 (kurang 12 perusahaan)
Rumus : Total asset – Total Aset t-1/Total Aset t-1
2. Variabel Directors Change : Variabel Dummy
a. Pergantian direksi selama 2 tahun 2018-2020 (nilai 1)
b. Tidak ada pergantian direksi 2018-2020 (nilai 0)
3. Variabel external pressure :
a. Total liabilitas 2018 - 2020 (kurang 12 perusahaan)
Rumus : Total Liabilitas/Total Aset
4. Variabel financial target:
a. Laba bersih setelah pajak 2018 - 2020 (kurang 12 perusahaan)
Rumus : Laba bersih setelah pajak/Total Aset
5. Variabel inffective monitoring: belum sama sekali
a. Total Komisaris independent 2018-2020
b. Total dewan komisaris 2018-2020
Rumus : Total komisaris independent/Total dewan komisaris
6. Variabel fraudulent financial statment :
a. Current Assets (Aset lancer)
b. Current Liability (Hutang jangka pendek)
c. Investment (Investasi)
d. Long Term Debt (Hutang jangka Panjang)
e. Total Investment (Total Investasi)
f. Average Total Assets
g. Receivable (Piutang)
h. Inventories (Persediaan)
i. Sales (Penjualan)
j. Earning before interest and tax (Laba Bersih sebelum pajak dan bunga)

F-Score = Accrual Quality + Financial Perfomance

Accrual Quality:
∆ WC +∆ NCO+ ∆ FIN
RSST accrual =
Average Total Assets
Keterangan :
 WC (Working Capital) = (Current Assets – Current Liability)
 NCO (noncurrent operating) = (Total Assets – current Assets – investment) –
(Total Liability - Current Liability – Long Term Debt)
 FIN (Financial accrual) = Total Investment – Total Liability
 ATS (Average Total Assets) = (Beginning Total Assets + End Total Assets)/2

Financial Perfomance:
Financial performance = Change in receivable + Change in inventories + change in cash sales
+ Change in earnings
Keterangan :
∆ total Receivable
Change in receivable =
Avarage Total Assets
∆ total Inventories
Change in inventories =
Average Total Asset
∆ total Sales ∆ total Receivables
Change in cash sales = −
Sales(t) Receivables (t)
Change in earnings =
Earningsbefore interest ∧tax(t ) Earnings before intererst∧tax (t−1)
-
Avarage Total Assets(t ) Avarage Total Assets(t −1)