scholarly journals ANALISIS PERLAKUAN AKUNTANSI TANAMAN PRODUKTIF BERDASARKAN PSAK 16 PADA CV. BUDI BAKTI AGRO

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Hamdani Arifulsyah ◽  
Fany Meilani ◽  
Suci Nurulita
Keyword(s):  
Oil Palm ◽  
Financial Statements ◽  
Fair Value ◽  
Financial Position ◽  
Fixed Assets ◽  
Oil Palms ◽  
The Cost ◽  
North Sumatra ◽  
A Company ◽  
Qualitative Characteristics

The purpose of this study was to determine how the application of PSAK 16 on bearer plants in CV. Budi Bakti Agro was founded in 2000, which is a company engaged in the oil palm plantation sector. CV Budi Bakti Agro has 3 locations of oil palm plantations, namely in Padang Mahondang Village, Sukaramai Village, Batu Anam Village in North Sumatra. CV Budi Bakti Agro in presenting the value of its oil palms in the statement of financial position is at the cost price and not based on the fair value of the asset. The company presents the statement of financial position as plant fixed assets and there is no separation between mature and immature plantations. This causes the financial statements presented are not relevant in accordance with the qualitative characteristics of the financial statements. After adjusting to the application of PSAK 16, it was determined that the value of the plants produced was Rp. 679,201,740 whose value is the fair value as of December 31, 2016 and the immature plantations amounting to Rp.15,761,010,500 whose value is the fair value as of December 31, 2016

scholarly journals ANALISIS PERLAKUAN AKUNTANSI TANAMAN PRODUKTIF BERDASARKAN PSAK 16 PADA CV. BUDI BAKTI AGRO

2020 ◽  
Vol 3 (2) ◽  
pp. 193
Author(s):  
Hamdani Arifulsyah Rangkuti ◽  
Fany Meilani ◽  
Suci Nurulita
Keyword(s):  
Oil Palm ◽  
Financial Statements ◽  
Fair Value ◽  
Financial Position ◽  
Oil Palm Plantation ◽  
Fixed Assets ◽  
Oil Palms ◽  
North Sumatra ◽  
A Company ◽  
Qualitative Characteristics

The purpose of this study was to determine how the application of PSAK 16 on productive plants in CV. Budi Bakti Agro was founded in 2000, which is a company engaged in the oil palm plantation sector. CV Budi Bakti Agro has 3 locations of oil palm plantations, namely in Padang Mahondang Village, Sukaramai Village, Batu Anam Village in North Sumatra. CV Budi Bakti Agro in presenting the value of its oil palms in the statement of financial position is at the historucal price and not based on the fair value of the asset. The company presents the statement of financial position as plant fixed assets and there is no separation between mature and immature plantations. This causes the financial statements presented are not relevant in accordance with the qualitative characteristics of the financial statements. After adjusting to the application of PSAK 16, it was determined that the value of the plants produced was Rp. 679,201,740 whose value is the fair value as of December 31, 2016 and the immature plantations amounting to Rp.15,761,010,500 whose value is the fair value as of December 31, 2016.

scholarly journals Upward Revaluation of Fixed Assets

2011 ◽  
Vol 4 (1) ◽  
Author(s):  
Zhemin Wang
Keyword(s):  
Economic Value ◽  
Financial Statements ◽  
Fair Value ◽  
International Accounting Standards ◽  
Consolidated Financial Statements ◽  
Book Value ◽  
Fixed Assets ◽  
Accounting Numbers ◽  
Book Values ◽  
A Company

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">Under the U.S. GAAP, fixed assets are reported at their book values which are derived by deducting accumulated depreciation from the original cost.<span style="mso-spacerun: yes;">&nbsp; </span>Companies are allowed to write down their fixed assets if the value of the fixed assets is impaired.<span style="mso-spacerun: yes;">&nbsp; </span>Under no circumstances can a company write up its fixed assets even if the market value of these assets exceeds their book value.<span style="mso-spacerun: yes;">&nbsp; </span>However, such upward revaluation is allowed under the International Accounting Standards (IAS).<span style="mso-spacerun: yes;">&nbsp; </span>Specifically, as an allowed alternative, IAS No.16, &ldquo;Property, Plant &amp; Equipment,&rdquo; permits fixed assets to be revalued periodically and carried at fair value. Significant controversies currently exist regarding the revaluation provision under IAS No.16.<span style="mso-spacerun: yes;">&nbsp; </span>Critics of IAS No.16 have expressed concerns that revaluation of fixed assets is arbitrary and may be used by management to manipulate reported accounting numbers. To address such concerns, this study empirically assesses the reported fixed assets under IAS No.16.<span style="mso-spacerun: yes;">&nbsp; </span>Based on the data of 113 companies whose consolidated financial statements were prepared using IAS, this study documented significant empirical evidence suggesting that fixed assets reported by sample firms under IAS No. 16 reflect their economic value as perceived by investors.<span style="mso-spacerun: yes;">&nbsp; </span>The findings seem to support the use of IAS in preparation of financial statements for cross-border listing of securities.</span></span></p>

scholarly journals IMPLEMENTASI PSAK 16 PADA ENTITAS PERBANKAN BUMN

Equity ◽  
2017 ◽  
Vol 20 (1) ◽  
pp. 83
Author(s):  
Panubut Simorangkir
Keyword(s):  
Banking Industry ◽  
Fixed Asset ◽  
Market Pricing ◽  
Financial Position ◽  
Industrial Companies ◽  
Fixed Assets ◽  
The Cost ◽  
A Company

Fixed assets are certainly instrumental to the activities of a company, for servicecompanies, for trading companies, as well as industrial companies. Value on fixed assets is not small. Therefore, it affects the company both in the statement of financial position and profit and loss of the company. The cost on a fixed asset will decrease due to the usage of the property, plant and equipment. The provisions governing property, plant and equipment are listed in PSAK 16 (convergence with IAS 16). The results of this research and analysis that have been done in this research, it can be concluded that the implementation of PSAK 16 in state owned enterprises (BUMN) banking industry industry for the year 2014-2015 can be done smoothly although there are difficulties in the stages to ensure the occurrence of impairment and market pricing. In general, all BUMN entities have applied PSAK 16 in accordance with the appropriate.

scholarly journals IMPLEMENTASI PSAK 16 PADA ENTITAS PERBANKAN BUMN

Equity ◽  
2017 ◽  
Vol 20 (1) ◽  
pp. 83
Author(s):  
Panubut Simorangkir
Keyword(s):  
Banking Industry ◽  
Fixed Asset ◽  
Market Pricing ◽  
Financial Position ◽  
Industrial Companies ◽  
Fixed Assets ◽  
The Cost ◽  
A Company

Fixed assets are certainly instrumental to the activities of a company, for servicecompanies, for trading companies, as well as industrial companies. Value on fixed assets is not small. Therefore, it affects the company both in the statement of financial position and profit and loss of the company. The cost on a fixed asset will decrease due to the usage of the property, plant and equipment. The provisions governing property, plant and equipment are listed in PSAK 16 (convergence with IAS 16). The results of this research and analysis that have been done in this research, it can be concluded that the implementation of PSAK 16 in state owned enterprises (BUMN) banking industry industry for the year 2014-2015 can be done smoothly although there are difficulties in the stages to ensure the occurrence of impairment and market pricing. In general, all BUMN entities have applied PSAK 16 in accordance with the appropriate.

scholarly journals TEORI AKUNTANSI MASA KINI

2013 ◽  
Vol 2 (1) ◽  
Author(s):  
Selmita Paranoan
Keyword(s):  
Human Resources ◽  
Cost Of Capital ◽  
Financial Statements ◽  
Financial Position ◽  
Specific Objective ◽  
Accounting Theory ◽  
Definition Of ◽  
Economic Transaction ◽  
The Cost ◽  
Public Economy

<p><em>This paper presents the development of the scope of accounting theory because of the growing need for information which is presented in the financial statements. The specific objective of financial statements is to present the consolidated financial position, results of operations, and changes in financial position in accordance GAAP (General Accepted Accounting Principles). The definition of this accounting purposes have weaknesses or limitations.Critics of the limitations of conventional accounting that must be done parallelization with practices in the present economic institutions that continue to grow with various forms of economic transaction of business done. This paper discusses the five major developments in accounting theory scope of the present and future who attempt to address the above challenges, namely: Accounting for the public economy (accounting socioeconomic); Accounting for human resources (human resources accounting); Accounting for the cost of capital (accounting for the cost of capital); Report of financial forecasts (reporting of Financial forecasts); The trend towards multi-national accounting. This proves, that the accounting as a science must continue to conduct research and intensive studies to give birth to the theory of accounting in accordance with the needs of economic civilization of the present and future need.</em></p> <p><em> </em></p> <p><strong><em></em></strong><em></em></p>

scholarly journals IPTEKS PENGENDALIAN INTERN ASET TETAP PADA PT. LUMBUNG BERKAT INDONESIA

2018 ◽  
Vol 2 (1) ◽  
Author(s):  
Jesella Lourina Makaluas ◽  
Winston Pontoh
Keyword(s):  
Internal Control ◽  
Financial Statements ◽  
Internal Controls ◽  
Audit Committees ◽  
Productive Capacity ◽  
Control Environment ◽  
Related Information ◽  
Fixed Assets ◽  
Useful Life ◽  
A Company

PT Lumbung Berkat Indonesia, as a company entity engaged in construction, of course, this company has various types of fixed assets. The Company's fixed assets should be secured by means of internal controls of fixed assets that will oversee, control costs incurred to acquire fixed assets, increase or extend the fixed asset's useful life and increase operational contribution and productive capacity of fixed assets in order to safeguard the company's property. Based on the research that has been done at PT Lumbung Berkat Indonesia and the existing discussion, the conclusion that can be taken is that the internal control of fixed assets will run efficiently if the points that exist in the elements of control environment, risk assessment, control activities, related information , and monitoring has been well executed amongst companies to perform physical matching of fixed assets, appropriate division of functions and responsibilities, separating expenditures of income and expenses, following insurance against fixed assets, creating audit committees and implementing the abolition and disposal of fixed assets. Suggestions for better companies to explore the knowledge and application of internal control of good fixed assets for corporate activities to run effectively and efficiently and the presentation of financial statements and information about the company's fixed assets is accurate and reliable.Keywords: Internal Control, Fixed Assets

scholarly journals KREATIVNO FINANSIJSKO IZVEŠTAVANJE O NOVČANIM TOKOVIMA

2017 ◽  
pp. 163
Author(s):  
Aleksandra Arsenijević ◽  
Tadija Đukić
Keyword(s):  
Cash Flow ◽  
Financial Reporting ◽  
Market Value ◽  
Financial Statements ◽  
Cash Flows ◽  
Financial Position ◽  
A Company ◽  
Operating Activities

Financial statements should realistically show financial position, performance, and cash flows of a company. Creative financial reporting represents a deliberate manipulation of information in financial statements in order to create misperceptions on company operations. Creative financial statements are primarily intended for investors, in order to encourage them to purchase company shares and thus increase its market value. Creativity in compiling cash flow statements lies in presentation of operating activities as investing and financing activities, and vice versa.

scholarly journals ANALISA LAPORAN KEUANGAN DAN INDIKATOR KEBANGKRUTAN PADA PT. MAYORA INDAH TBK

2021 ◽  
Vol 2 (3) ◽  
pp. 717-726
Author(s):  
Siti Aisyah ◽  
Syamsul Bahri
Keyword(s):  
Asset Management ◽  
Research Method ◽  
Case Study Research ◽  
Financial Statements ◽  
Debt Management ◽  
Ratio Method ◽  
Financial Ratio ◽  
Financial Position ◽  
Management Ratio ◽  
A Company

One way that the company can do so that the company survives, namely by analyzing the company's financial statements, which aims to find out the company's financial situation and development from year to year. The author conducted research on PT. Mayora Indah Tbk, a company engaged in the processed food industry. The purpose of this study is to compare the balances that are considered related, which can reflect the company's financial position and the company's performance. This comparison is better known as the ratio. In addition to the analysis of financial statements, an analysis of indicators of bankruptcy is also carried out on the company's financial statements. Which aims to be able to find out how the condition of a company, whether the company is experiencing financial difficulties and or the possibility of bankruptcy. The research method used in this research is a case study research method with data analysis techniques that use the financial ratio method to determine the performance and financial position of PT. Mayora Indah Tbk, and the bankruptcy method of Altman Models to determine the viability of PT. Mayora Indah Tbk. From the results of the analysis, it shows that the performance and financial position of PT. Mayora Indah Tbk in 2014 to 2018 can be said to be still quite good in the midst of unstable economic turmoil in the period concerned. Where seen from the liquidity ratio and debt management ratio, the company is able to pay off its obligations; for asset management ratios, the company is able to utilize its resources effectively and efficiently; for its profitability ratio, the company has decreased. For the analysis of bankruptcy indicators, the results obtained from 2014 to 2018, the company entered the gray area. Thus, the company is expected to be able to improve itself by knowing the existing weaknesses, and be able to immediately make improvements in order to obtain better results in the coming year.

scholarly journals ANALISA PERBANDINGAN LAPORAN KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PADA KOPERASI SAWIT GUNUNG SANGKUR KECAMATAN KINALI KABUPATEN PASAMAN BARAT

2019 ◽  
Vol 4 (2) ◽  
pp. 86-95
Author(s):  
Mardahleni Mardahleni ◽  
Nur Hamzah
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Analysis Data ◽  
The Other ◽  
Data Sources ◽  
Ratio Analysis ◽  
Financial Report ◽  
Financial Position ◽  
Quantitative Descriptive ◽  
A Company

The financial report is the most information kursial to control a company. Analysis of the financial statements can provide information about the financial performance of a company or the other organization like Cooperative. The research carried out at the Koperasi Sawit Gunung Sangkur Kinali Kabupaen Pasaman Barat. The purpose of this study is to analyze financial performance in order to determine the development of the financial position at the Koperasi Gunung Sangkur in 2011 to 2014 period on liquidity, solvability and profitability ratio. Methodology of data analysis in this research is quantitative descriptive based on ratio analysis. Data sources are from the financial statements and the other document. The results showed that the financial performance of Koperasi Gunung Sangkur based on liquidity, solvability and profitability ratio are fluctuate from the year to year. Keywords: financial performance, liquidity ratio, solvability ratio and profitability ratio

scholarly journals Accounting Policies in the Function of Quality Assessment of Financial Statements

2021 ◽  
Vol 59 (3) ◽  
pp. 357-373
Author(s):  
Jelena Raičević
Keyword(s):  
Quality Assessment ◽  
Financial Statements ◽  
Relevant Information ◽  
Cash Flows ◽  
Business Decisions ◽  
Financial Position ◽  
And Performance ◽  
Complex Relationships ◽  
A Company

Abstract Financial statements represent an instrument by which relevant information about a company is passed on to its users. Based on the information presented in the financial statements, i.e. information on the financial position and performance of the company, and generated cash flows and capital, users make business decisions. Specific accounting policies serve as the basis for the preparation of quality financial statements. Management is responsible for the preparation and presentation of financial statements and selects accounting policies. Although simple, the issue of choosing the accounting policies can be extremely delicate and complex. Besides management, there are other stakeholders who may be affected by this issue. As a consequence, there are complex relationships that affect the choice of accounting policies, and thus the quality of financial statements.

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