The document summarizes topics that will be covered in a meeting on November 6, 2012, including acquisition and disposition of property, plant, and equipment (PPE); special issues on PPE; impairment of assets; and accounting for pensions and post-retirement benefits. It then provides details on the accounting for costs associated with acquiring, constructing, and disposing of PPE, including capitalization of costs, valuation of PPE, and accounting for government grants and asset contributions related to PPE.

1. Pertemuan 7
Selasa, 6 November 2012

2. Materi UAS
• Acquisition and Disposition of PPE
• Special Issues on PPE
• Investment Property
• Impairment of Assets
• Intangible Assets
• Current Liabilities, Provisions and
Contingencies
• Accounting for Pension and Post Retirement
Benefit

3. PROPERTY, PLANT AND EQUIPMENT

4. Introduction
• PPE is defined as tangible assets that are held
for use in production or supply of goods and
services for rentals to others or for
administrative purposes; they are expected to
be used during more than one period
• PPE held for sales? Held for future operation?
Held for investment? As inventory?

5. ACQUISITION

6. Cost of PPE
• Biaya yang dikapitalisasi ke nilai PPE:
– Harga pembelian
– Biaya tambahan yang dikeluarkan untuk,
membangun, mendatangkan dan mempersiapkan
PPE hingga siap dipakai

7. Cost of Land
• Semua biaya yang dikeluarkan agar tanah siap
dipakai termasuk biaya merobohkan bangunan
lama
– Hasil penjualan atas material bangunan yang
dirobohkan mengurangi nilai tanah
• Land Improvement
– Land Improvement dengan indefinite life 
kapitalisasi
– Land Improvement dengan definite life  dibuat akun
sendiri dan didepresiasi selama umur manfaat

8. Cost of Equipment and Buildings
• Biaya pembelian atau pembangunan
• Biaya yang secara langsung berhubungan
dengan usaha mempersiapkan bangunan dan
peralatan agar siap dipakai

9. Self Constructed Assets
• Company must allocate cost and expense
• Overhead cost is assign on pro rata basis
• Interest Costs during construction:
– Capitalizing actual interest
– Consider
• Qualifying Assets
• Capitalization Period
• Amount to Capitalize

10. Steps
• Compute Weighted Average Accumulated
Expenditures
• Compute Avoidable Interests
– Actual interest beda dengan avoidable interest
• Journalize

11. Weighted Average Accumulated
Expenditures

12. Avoidable Interest
• Beban bunga potensial yang dikapitalisasi ke
nilai bangunan  berdasarkan weighted
average accumulated expenditures
• Jenis pinjaman dan tingkat bunga:
– Specific debt  langsung pakai interest rate
– Other debt  hitung weighted average of interest
rates dari semua pinjaman lain lain

13. Avoidable Interests

14. Journal
• Jurnal dulu pengeluaran (expenditure) selama
periode kapitalisasi
• Jurnal kapitalisasi bunga
• Interest revenue dari specific debt mengurangi
avoidable interest
Building XXX
Cash XXX
Building
Interest Expense
XXX
XXX
Cash XXX

15. VALUATION

16. Valuation
• Companies should record property plant and
equipment at the fair value of what they give
up or at the fair value of the asset received,
whichever is more clearly evident

17. Valuation
• Cash discount  Reduce purchasing cost
• Deferred Payment Contracts
• Lump Sum Purchase
– Similar to Inventory  assign purchasing cost to
each assets based on assets relative FV
• Issuance of Shares
– Use fair value of shares first, if available
– Use fair value of asset if shares’ FV is not available
• Exchange of Non Monetary Assets

18. Exchange of Non Monetary Assets
• Commercial Substance  if future cash flows
changes as a result of the transactions

19. Computation
Cash Paid
List price of new assets
Trade in Allowance
XXX
(XXX) XXX
Fair Value of Old Assets XXX
Cost of New Assets XXX
1. COST OF NEW ASSETS
2. LOSS OR GAIN ON DISPOSAL
Fair Value of Old Assets XXX
Book Value of Old Assets
Cost of Old Assets
Accumulated Depreciation
XXX
(XXX) (XXX)
Gain or Loss on Disposal XXX

20. Journal
New Assets
Accumulated Depreciation
Loss on Disposal
XXX
XXX
XXX
Old Assets
Gain on Disposal
Cash
XXX
XXX
XXX
1. Has Commercial Substance
2. Lacks of Commercial Substance (Gain mengurangi nilai aset baru)
New Assets
Accumulated Depreciation
Loss on Disposal
XXX
XXX
XXX
Old Assets
Cash
XXX
XXX

21. Government Grant
• Transfer of resources to a company in return
for past or future compliance
• Pencatatan (2 metode)
– Metode 1 (Mencatat subsidi/bantuan sebagai
deferred grant revenue, diakui sepanjang periode
yang telah ditentukan)
• Financial Statement  Liabilities
• Income Statement  Other Income and Expense
– Metode 2
• Subsidi langsung mengurangi nilai asset

22. Contribution
• Perusahaan mencatat nilai aset yang
didonasikan berdasarkan nilai wajar (FV)
• Selisih nilai wajar dengan nilai buku dicatat
sebagai gain atau loss dan dicatat pada seksi
other income and expenses

23. COST SUBSEQUENT TO
ACQUISITION

24. Subsequent to Acquisition

25. DISPOSITION

26. Sale of Plant Assets
Cash Receipt XXX
Book Value of PPE
Property Plant and Equipment XXX
Accumulated Depreciation (XXX) XXX
Gain or Lose on disposal of PPE XXX
If:
• Cash Receipt > Book Value  Gain on Disposal
• Cash Receipt < Book Value  Loss on Disposal
Cash
Accumulated Depreciation
Loss on Disposal
XXX
XXX
XXX
PPE
Gain on Disposal
XXX
XXX
Jurnal:

27. Involuntary Conversion
• Apabila terjadi hal hal diluar kendali
perusahaan yang mengakibatkan PPE dihapus
dari buku
– Kebakaran
– Banjir
– Sengketa