Mata Kuliah : Akuntansi Keuangan Lanjutan I Bab 5 Intercompany Profit - Inventory Buku : Bems, Flyod A - Advanced Accounting

1. 1
BAB 5
Intercompany Profits - Inventory
Elimination of Intercompany purchases and Sales
Pop Corporation membentuk perusahaan anak , Son Corporation, pada 2016 untuk menjual secara
eceran barang dagangan khusus milik Pop. Seluruh barang dagangan Son dibeli dari Pop
Corporation dengan harga 20% di atas harga perolehan (cost) Pop.
Selama 2016, Pop menjual barang dagangan dengan cost $40,000 ke Son seharga $48,000, dan
Son menjual seluruh barang dagangan ke pelanggannya seharga $60,000. (p.170)
2016
At year-end 2016

2. 2
Adjustment & Elimination Dec. 31, 2016
Sales 48,000
Cost of sales 48,000
Elimination of unrealized profit in Ending Inventory
Selama 2017 Pop menjual barang dagangan dengan cost $60,000 ke Son dengan harga $72,000
(20% above cost) , dan Son menjual barang dagangan ke pelanggannya $75,000, sisanya $12,000
masih sebagai persediaan di perusahaan. (p.171)
2017
Transfer inventory $72,000
Retail/transfer Cost Sales Profit
- Outsider = $60,000 5/6 x 60,000 = $50,000  $75,000 $25,000 (realized)
- End. Inventory = $12,000 1/6 x 60,000 = $10,000  unrealized profit $2,000
$72,000
* Cost/retail = 60.000 / 72.000 = 5/6

3. 3
Adjustment & Elimination Dec. 31, 2017
Recognition of unrealized profit in Beginning Inventory
Selama 2018, Pop Corporation menjual barang dagangan cost $80,000 ke Son seharga $96,000,
dan Son menjual 75% barang dagangan tersebut seharga $90,000. Son juga menjual barang
dagangan dalam persediaan awal dengan harga transfer $12,000 ke pelanggannya dengan harga
$15,000 (p.173)
2018

4. 4
Retail/transfer Cost Sales Profit
- Beg. Inventory = $12,000 $10,000 $15,000 $5,000 (realized)
- Purchase :
- Sold 75% = $72,000 100/120x72,000 = $60,000  $90,000 $30,000 (realized)
- End. Inv. 25% = 24,000 100/120x24,000 = $20,000  unrealized profit $4,000
$96,000
* Cost $80,000 + Profit $16,000 (20% at cost)
Adjustment & Elimination Dec. 31, 2018
Downstream and upstream Effects on Income computations (p.175)
Perhitungan Noncontrolling Interest Share
Downstream & Upstream Sales (liat exhibit 5-
DownStream
CI 80% NCI 20%
Sub Net Income $50,000 $40,000 $10,000
Unrealized profit (20,000) (20,000) -
30,000 20,000 10,000
Upstream
Sub Net Income $50,000 $40,000 $10,000
Unrealized profit (20,000) (16,000) 4,000
30,000 24,000 6,000
See exhibit5-1p.176
untuk perhitungan
NCIShare

5. 5
Consolidation Example – Intercompany Profits From Downstream Sales (p.182)
Sun Corporation adalah perusahaan anak yang dimiliki Pam Corporation 90% diperoleh secara
tunai $94,500 pada 1 Juli 2016, ketika asset bersih terdiri dari modal saham $100,000 dan laba
ditahan $5,000. Harga perolehan 90% sama dengan nilai buku dan nilai wajar asset bersih yang
diperoleh. Pam menjual barang dagangannya secara regular ke Sun.
Cost 90 % = book value dan fair value  no allocation to identifiable and unidentifiable assets
Implied value 100/90 x 94,500 = $105,000
Data 2019
- Sales to Sun in 2019 (cost $15,000), selling price $20,000
- Unrealized profit in Sun’s inventory at December 31, 2018 (inventory was sold during 2019) $2,000
- Unrealized profit in Sun’s inventory at December 31, 2019 $2,500
- Sun’s accounts payable to Pam at at December 31, 2019 $10,000
Diketahui: Pada 31 Desember2018 saldo akun “Investment in Sun” adalah $128,500. Saldo tersebut terdiri
dari 90% equity Sun $145,000 dikurangi unrealized profit dalam persediaan 31 Desember 2018 $2,000
($130,500 – 20,000 = $128,500)
Sun mengumumkan laba $30,000 dan membagikan dividen $10,000
2019
Cash (+A) 9,000 Dividen $10,000
Investment in Sun (-A) 9,000
To record dividends from Sun ($10,000 * 90%)
Investment in Sun (+A) 26,500
Income from Sun (R, +SE) 26,500
To record income from Sun for 2019:
Equity in Sun’s net income ($30,000 * 90%) $27,000  NCI $3,000
Add: 2018 inventory profit recognized in 2019 2,000
Less: 2019 inventory profit deferred at year-end (2,500)
$26,500.
31 Desember 2019, Saldo “Investment in Sun” $146,000 (see workpaper p.183)
Saldo awal $128,500 + 26,500 – 9.000 = $146,000
Jurnal adjustments & elimination 31 Desember 2019  see p.184
Consolidation Example – Intercompany Profits From Upstream Sales (p.182)
Son Corporation adalah perusahaan anak yang dimiliki Pop Corporation 80%, diperoleh seharga
$480,000 pada 2 January 2016, ketikda ekuitas pemegang saham Son terdiri dari modal saham
$500,000 dan laba ditahan $100,000. Investment cost = the book value and fair value of Son’s net
assets acquired (so no fair value/book value differential resulted from the acquisition).
Pop menjual barang dagangannya secara regular ke Son.
Data 2017
CI 90% $9,000
NCI10% 1,000

6. 6
Diketahui: pada 31 December 2016, saldo akun “Investment in Son” $568,000, terdiri dari
equity in Son’s net assets ($750,000 * 80%) $600,000
less 80% * $40,000 unrealized profit ending inventory from upstream sales 2017 (32,000)
$568,000
Selama tahun 2017 Sun mengumumkan laba $30,000 dan membagikan dividen $10,000
2017
Cash (+A) 40,000
Investment in Son (-A) 40,000
To record dividends from Son ($50,000 * 80%).
Investment in Son (+A) 88,000
Income from Son (R, +SE) 88,000
To record income from Son for 2017
CI Share 80% NCI Share
Son’s net income $100,000 $ 80,000 $20,000
unrealized profit beg. inventory (31 Dec. 2016) 40,000 32,000 8,000
unrealized profit end inventory (31 Dec 2017) (30,000) (24,000) (6,000)
$110,000 $ 88,000 $22,000
Jurnal adjustments & elimination 31 Desember 2017  see p.185
31 Desember 2017, Saldo “Investment in Son” $616,000 ????? (see workpaper p.187)
Kalkulasi ????