A return ticket or other proof of leaving the territory is required by the Indonesian authorities. For many nationals who have received a visa on arrival, it is possible to extend their stay once for an additional 30 days with the immigration services on site.
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So while you can technically travel on a one-way ticket, they also need some kind of official return ticket confirmation showing that you are leaving the country eventually. They won't necessarily care where that ticket goes, just as long as it's out of their country.
But if you intentionally miss the last leg of the journey, your ticket won't be cancelled, as there is nothing left for the airline to cancel. If you skip the first flight, your return flight also gets cancelled. To avoid that, don't ever skip a flight on a return flight.
As a tourist, you cannot stay in Bali for longer than 60 days. You can, however, temporarily leave the country and come back again a 'visa run'. If you stay illegally longer than your visa is valid, then you have to pay extra for every day when you leave the country.
Should I Buy a Return Air Ticket Before Applying for a Visa? No, buying a return air ticket is not recommended before applying for a visa. Because if your visa gets denied, you will lose your money. We recommend getting a flight itinerary, and once your visa is granted, you can purchase a real travel flight ticket.