Archive for the ‘Akuntansi Keuangan & IFRS’ Category

Akuntansi Persediaan – Invetories IAS 2

September 23, 2016

According to IAS 2, Inventories are assets held for:
– sale
– process of manufacturing/making product
– process of rendering services

At initial, inventories recorded in accounting transaction at Cost. Hence at the end it will be measured at lower cost and net realizable value (NRV).

Exception for inventories of agricultural product and trading securities.

Berdasarkan pedoman IAS 2, maka cara mengaudit persediaan adalah:
1. Perhatikan tentang Cut off pembelian dan penjualan barang persediaan.
– Barang yang dibeli sudah sampai, tetapi invoice pembelian belum diproses/belum diterima.
– Persediaan jadi belum dikirim, tetapi invoice sudah dikirim dan dicatat sebagai penjualan.
– Cut off barang sangat terkait dengan Term of Payment, misal FOB Destination dsb. Perhatikan aturan ini pada invoice/kesepakatan pembelian barang.

2. Perhatikan estimasi NRV
– Estimasi NRV perlu diuji akuransinya, berikut: asumsi-asumsi yang mendasarinya.


IFRS 1 – How to Present the financial statement

July 9, 2015

IFRS 1 is the basic or framework for other standards under IFRS. Accountant must prepare and present the financial report based on this rule.

The first IFRS was released effectively on January 2004. Before that the accountants at UK used IAS 1 as guidance.

In Indonesia, the presentation of financial statement was ruled on PSAK 1 which adopt from IFRS starting from 2012.

Accountant must understand deeply the IFRS 1 in order to stave off the fundamental mistake in their financial report. By understanding the IFRS 1, they will not make a buoyed the financial statement but strictly based on standard.

Hereby the essence of IFRS 1:
– The objective  1). The financial statements is transparent for users and comparable over all periods, 2). Provide a suitable starting point for accounting accordance with IFRS, and 3). Can be generated at cost that does not exceed the benefit.

– General Principle:
a. Recognition and measurement
• Financial statement consist of : 1)financial position ( previous: balance sheet), 2). Statement of profit (loss) and other comprehensive income, 3).Statement of cash flow, 4).Statement of change in equity and 5) related notes, including comprehensive information.
• Financial assets & liabilities  fair value or amortized cost
b. Disclosure
See detail at:

So, if you see a financial statement that have no 5 statements above and not be measured by fair value or amortized cost for its assets, we can conclude the that financial statement is not properly presented according to IFRS. Simple right?

IFRS.. what??

July 7, 2015

Finally, I start to write about IFRS. What is that? IFRS is international standard which regulate about how to present financial statement properly.

The complete definition IFRS=International Financial Reporting Standard.

Applying the IFRS in Indonesia was started on 2012. The Indonesian financial accounting standard or PSAK (pernyataan standar akuntansi keuangan) starting from that year gradually adopt the IFRS standards.

Those alternation from old PSAK to IFRS need some clausal changes because previously Indonesia took US GAAP as reference. Some US GAAP has different clausal with IFRS which is originated from London (Anglo Accounting pole).

Actually, what is my purpose to write IFRS? Just to update my knowledge in order to no easy forgotten because I am an accountant. It is my responsibility to concern about my basic knowledge and share to anyone who interest in.

Lets start to IFRS 1. (next post)