165 Manajemen Laba Dalam Penawaran Saham Perdana 165 MANAJEMEN LABA DALAM PENAWARAN SAHAM PERDANA STUDI KASUS BURSA EFEK JAKARTA Idrianita Anis Lilyani Kusuma Dewi Fakultas Ekonomi universitas Trisaksi Abstract This research conducted analysis of earnings management in Initial Public Offering company at Jakarta Stock Exchange. The objective of this research is to examine whether issuers Initial Public Offering (IPO) select accounting methods by making income-increasing discretionary accruals in the periods prior to the offering. The method use to examine earnings management follows one developed by Friedlan (1994). Friedlan used net operating income, cash flow from operating activities, and total accruals, and earning management as proxy with discretionary accruals. Test were conducted on 48 IPO firms that went public for the period 2000-2001. The statistical methods used to test the hypothesis is nonparametric data coupled Wilcoxon. The research is replicated from Gumanti (2001) for the same research for the period 1995-1997. The results show that accruals management is found in the period of two years prior to the offering. The hypothesis that there is a significantly differences for each variabel between one year prior to the offering with two years prior to the offering. Interestingly, accruals management does not really exist in the period of one year prior to the offering. In other wods, there is a weak evidence for earnings management one year prior to public offer. Keywords: Manajemen Laba (Earning Management), Initial Public Offering, Accruals, Discreationary Accruals