REAL EARNING MANAGEMENT ANALYSIS ON COMPANY’S PERFORMANCE (CASE STUDY IN PANDEMIC TIME OF COVID-19)

The first case of Covid-19 was stated in Indonesia on March 2, 2020. Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) better known as the Corona virus is a new type that can be easily transmitted. imposed large scale social restrictions called PSBB policy for time April 15, one government's efforts to break chain spread Covid-19. There decrease 70% companies conducted IPOs from before period and during period. company's performance crucial matter achieving targets increasing returns shareholders. this study measured using Return On Assets (ROA). ROA ratio often used by management measure company assess operational utilizing resources owned company. Real earning ways done achieve profit targets. In study, it will focus real earnings management. selection samples purposive sampling hypothesis tests SPSS 25 with signification rate 0.05. shows abnormal CFO discretionary expenses which are factors measuring have significant effect financial performance.