The document discusses accounting for notes receivable. It provides examples of how to record various types of notes receivable, including:
1) Interest-bearing notes where the stated interest rate is equal to market rate. The note is recorded at face value.
2) Interest-bearing notes where the stated interest rate differs from market rate. The note is recorded at present value of future cash flows.
3) Non-interest bearing notes. The note is recorded at present value of future cash flows using implied interest rate.
It also discusses accounting for impairment of long-term notes receivable, including calculating and recording impairment losses. Notes receivable may be used as collateral for borrowings or sold outright to
AKUNTANSI KEUANGAN 2
EQUITY
TUJUAN PEMBELAJARAN
Membahas karakteristik bentuk dari organisasi perseroan.
Menjelaskan komponen utama dari ekuitas pemegang saham.
Menjelaskan prosedur akuntansi untuk penerbitan saham.
Menjelaskan akuntansi untuk saham treasuri.
5. Menjelaskan akuntansi dan pelaporan saham preferen.
6. Menjelaskan kebijaksanaan yang digunakan dalam pembagian dividen.
7. Mengidentifikasi berbagai bentuk pembagian dividen.
8. Menjelaskan akuntansi untuk dividen saham kecil dan besar, dan untuk pemecahan saham.
9. Menunjukkan bagaimana menyajikan dan menganalisis ekuitas pemegang saham.
jangan lupa like & share ya ;)
AKUNTANSI KEUANGAN 2
EQUITY
TUJUAN PEMBELAJARAN
Membahas karakteristik bentuk dari organisasi perseroan.
Menjelaskan komponen utama dari ekuitas pemegang saham.
Menjelaskan prosedur akuntansi untuk penerbitan saham.
Menjelaskan akuntansi untuk saham treasuri.
5. Menjelaskan akuntansi dan pelaporan saham preferen.
6. Menjelaskan kebijaksanaan yang digunakan dalam pembagian dividen.
7. Mengidentifikasi berbagai bentuk pembagian dividen.
8. Menjelaskan akuntansi untuk dividen saham kecil dan besar, dan untuk pemecahan saham.
9. Menunjukkan bagaimana menyajikan dan menganalisis ekuitas pemegang saham.
jangan lupa like & share ya ;)
Learning Objectives
After studying this chapter, you should be able to:
[1] Indicate the benefits of budgeting.
[2] Distinguish between simple and compound interest.
[2] Identify the variables fundamental to solving present value problems.
[3] Solve for present value of a single amount.
[4] Solve for present value of an annuity.
[5] Compute the present value of notes and bonds.
Mathcad seven common financial computationsJulio Banks
The most important factor in a marital relationship is the wise management of the family income. I strongly recommend that dating or married couples consider mastering the simple financial calculations in this document. I have transcribed the reference document verbatim to the level allowed by Mathcad. The numerical results exactly match all of the examples provided in the reference article given included at the end of the Mathcad calculations. This last method is useful when borrowing or lending and need to know the interest
rate of return (ROR) being paid or collected, respectively. Henceforth, let us refer to i simply, as ROR.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
2. Didukung oleh sebuah promissory note .
Sebuah instrumen yang dapat dinegosiasikan
Dibuat untuk kepentingan penerima wesel
Wesel berbunga (interest bearing note) : Memiliki
suatu tingkat bunga yang ditetapkan atau
Wesel tidak berbunga zero interest bearing note)
: memasukkan bunga sebagai bagian dari nilai
piutang dan tidak dinyatakan secara eksplisit
3. Biasanya timbul dari :
Konsumen yang membutuhkan perpanjangan
periode pembayaran dari hutang yang telah ada
Konsumen yang memiliki resiko tinggi atau
konsumen baru
Pinjaman untukkaryawan dan anak perusahaan
Penjualan properti, pabrik dan peralatan
Pada umumnya berasal dari transaksi pinjaman
4. Piutang jangka pendek
dicatat pada nilai nominal
dikurangi penyisihan
Piutang wesel jangka
panjang : dicatat pada
nilai sekarang dari kas
yang diperkirakan dapat
ditagih
Tingkat bunga Dijual pada
Bunga wesel = bunga pasar Nilai nominal
Bunga wesel > bunga pasar Premi
Bunga wesel < bunga pasar Diskonto
5. Misal Bigelow Corp meminjamkan $10.000
kepada Scandinavian import dan menerima
wesel berbunga dengan jangka waktu 3 tahun
senilai $10.000, dengan suku bunga tahunan
10%. Suku bunga pasar 10%. Bagaimana wesel
tersebut dicatat?
Perhitungan
Nilai pasar wesel = PV nilai pokok + PV bunga
Premi/diskonto = NN wesel – PV wesel
6. Illustration: Bigelow Corp. lends Scandinavian Imports $10,000
in exchange for a $10,000, three-year note bearing interest at 10
percent annually. The market rate of interest for a note of similar
risk is also 10 percent. How does Bigelow record the receipt of
the note?
LO 6 Explain accounting issues related to recognition of notes receivable.
0 1 2 3
$1,000 $1,000 Interest$1,000
$10,000 Principal
4
i = 10%
n = 3
7. $1,000 x 2.48685 = $2,487
Interest Received Factor Present Value
PV of Interest
LO 6 Explain accounting issues related to recognition of notes receivable.
8. $10,000 x .75132 = $7,513
Principal Factor Present Value
PV of Principal
LO 6 Explain accounting issues related to recognition of notes receivable.
9. Summary Present value of interest $ 2,487
Present value of principal 7,513
Note current market value $10,000
Date Account Title Debit Credit
Jan. yr. 1
Dec. yr. 1
LO 6 Explain accounting issues related to recognition of notes receivable.
Notes receivable 10,000
Cash 10,000
Cash 1,000
Interest revenue 1,000
10. Wesel berbunga nol
PV wesel = kas yang dibayarkan kepada penerbit
wesel
Implisit interest rate : suku bunga yang akan
menyamakan kas yang dibayarkan dengan jumlah
piutang di masa depan.
Wesel dicatat pada PV (nilai tunai saat ini) dan
mengamortisasi diskonto pada pendapatan bunga
selama umur wesel
Misal Jeremiah Company menerima wesel jangka
waktu 3 tahun senilai $10.000, berbunga nol. Suku
bunga pasar 9%. Bagaimana wesel tersebut dicatat?
11. Illustration: Jeremiah Company receives a three-year, $10,000
zero-interest-bearing note. The market rate of interest for a
note of similar risk is 9 percent. How does Jeremiah record the
receipt of the note?
LO 6 Explain accounting issues related to recognition of notes receivable.
0 1 3 3
$0 $0 Interest$0
$10,000 Principal
4
i = 9%
n = 3
12. $10,000 x .77218 = $7,721.80
Principal Factor Present Value
PV of Principal
LO 6 Explain accounting issues related to recognition of notes receivable.
13. LO 6 Explain accounting issues related to recognition of notes receivable.
Illustration 7-14
14. Journal Entries for Zero-Interest-Bearing note
Present value of Principal $7,721.80
Date Account Title Debit Credit
Jan. yr. 1 Notes receivable 7,721.80
Cash 7,721.80
Dec. yr. 1 Notes receivable 694.96
Interest revenue 694.96
($7,721.80 x 9%)
LO 6 Explain accounting issues related to recognition of notes receivable.
15. Wesel berbunga
Bila suku bunga wesel berbeda dengan suku
bunga pasar
Misal : Morgan Corp memberikan pinjaman
kepada Marie Company dan menerima wesel
$10.000, jangka waktu 3 tahun, bunga pertahun
10%. Suku bunga pasar 12%. Bagaimana wesel
tersebut dicatat?
16. Illustration: Morgan Corp. makes a loan to Marie Co. and
receives in exchange a three-year, $10,000 note bearing interest
at 10 percent annually. The market rate of interest for a note of
similar risk is 12 percent. How does Morgan record the receipt of
the note?
LO 6 Explain accounting issues related to recognition of notes receivable.
0 1 2 3
$1,000 $1,000 Interest$1,000
$10,000 Principal
4
i = 12%
n = 3
17. $1,000 x 2.40183 = $2,402
Interest Received Factor Present Value
PV of Interest
LO 6 Explain accounting issues related to recognition of notes receivable.
18. $10,000 x .71178 = $7,118
Principal Factor Present Value
PV of Principal
LO 6 Explain accounting issues related to recognition of notes receivable.
19. Illustration: How does Morgan record the receipt of the note?
LO 6 Explain accounting issues related to recognition of notes receivable.
Illustration 7-13
Notes Receivable 9,520
Cash 9,520
20. Illustration 7-14
LO 6 Explain accounting issues related to recognition of notes receivable.
21. Journal Entries for Interest-Bearing Note
Date Account Title Debit Credit
Beg. yr. 1 Notes receivable 9,520
Cash 9,520
End. yr. 1
($9,520 x 12%)
LO 6 Explain accounting issues related to recognition of notes receivable.
Cash 1,000
Notes receivable 142
Interest revenue 1,142
22. Jika wesel diterima sebagai pertukaran
properti, barang dan jasa dalam transaksi
yang wajar, suku bunga ditetapkan cukup
wajar kecuali :
Tidak ada suku bunga yang ditetapkan
Suku bunga yang ditetapkan tidak masuk akal
Jumlah nilai nominal wesel berbeda secara
material dengan harga jual tunai saat ini
23. LO 6 Explain accounting issues related to recognition of notes receivable.
Illustration: Oasis Development Co. sold a corner lot to Rusty
Pelican as a restaurant site. Oasis accepted in exchange a five-year
note having a maturity value of £35,247 and no stated interest rate.
The land originally cost Oasis £14,000. At the date of sale the land
had a fair market value of £20,000. Oasis uses the fair market value
of the land, £20,000, as the present value of the note. Oasis therefore
records the sale as:
Notes Receivable 20,000
Land 14,000
Gain on Sale of Land 6,000
(£35,247 - £20,000) = £15,247
24. Penilaian Piutang wesel jangka pendek =
penilaian piutang usaha
Piutang wesel jangka panjang : pengujian
impairmen seringkali dilakukan berdasarkan
penilaian individual.Kerugian impairmen
diukur sebagai selisih antara carrying amount
wesel dengan PV wesel
25. LO 7 Explain accounting issues related to valuation of notes receivable.
Illustration: Tesco Inc. has a note receivable with a carrying amount
of $200,000. The debtor, Morganese Company, has indicated that it is
experiencing financial difficulty. Tesco decides that Morganese‟s note
receivable is therefore impaired. Tesco computes the present value of
the future cash flows discounted at its original effective-interest rate to
be $175,000. The computation of the loss on impairment is as follows.
26. LO 7 Explain accounting issues related to valuation of notes receivable.
The entry to record the impairment loss is as follows.
The computation of the loss on impairment is as follows.
Bad Debt Expense 25,000
Allowance for Doubtful Accounts 25,000
27. Perusahaan menilai piutang mereka untuk
melakukan impairment setiap periode
Contoh loss event :
1. Masalah keuangan konsumen yang signifikan
2. Pelunasan piutang yang bermasalah
3. Konsumen menegosiasi ulang jatuh tempo
hutangnya terkait dengan kesulitan keuangan
konsumen
28. Impairment loss adalah selisih dari :
1. Carrying amount (nilai pokok + bunga akrual)
dengan
2. Nilai kas masa depan yang didiskontokan dengan
tingkat bunga pinjaman historis efektif (the
loan’s historical effective-interest rate)
Dalam mengestimasi arus kas, kreditor harus
menggunakan asumsi dan proyeksi yang masuk
akal
29. LO 11 Describe the accounting for a loan impairment.
Illustration: At December 31, 2010, Ogden Bank recorded an
investment of $100,000 in a loan to Carl King. The loan has an
historical effective-interest rate of 10 percent, the principal is due in full
at maturity in three years, and interest is due annually. The loan officer
performs a review of the loan‟s expected future cash flow and utilizes
the present value method for measuring the required impairment loss.
Illustration 7B-1
30. LO 11 Describe the accounting for a loan impairment.
Illustration: Computation of Impairment Loss
Illustration 7B-2
Recording Impairment Losses
Bad Debt Expense 12,434
Allowance for Doubtful Accounts 12,434
31. LO 11 Describe the accounting for a loan impairment.
Recovery of Impairment Loss
Illustration: Assume that in the year following the impairment
recorded by Ogden, Carl King has worked his way out of financial
difficulty. Ogden now expects to receive all payments on the loan
according to the original loan terms. Based on this new information,
the present value of the expected payments is $100,000. Thus,
Ogden makes the following entry to reverse the previously recorded
impairment.
Allowance for Doubtful Accounts 12,434
Bad Debt Expense 12,434
32. LO 8 Understand special topics related to receivables.
Opsi fair value
Perusahaan dapat melakukan fair value untuk aset dan kewajiban
finansial termasuk piutang [6]
IASB meyakini bahwa pengukuran fair value untuk instrumen
keuangan memberikan informasi yang lebih relevan dan lebih dapat
dipahami daripada biaya historis karena instrumen keuangan
menunjukkan nilai yang ekuivalen dengan kas saat ini
[6] International Accounting Standard 39, Financial Instruments: Recognition and Measurement
(London, U.K.: International Accounting Standards Committee Foundation, 2003), paras. IN16 and 9.
33. LO 8 Understand special topics related to receivables.
Fair Value Measurement
► Piutang (Receivables) dicatat dengan fair value.
► Unrealized holding gains or losses dicatat sebagai bagian
dari laba bersih
► Jika sebuah perusahaan memilih untuk menggunakan fair value
untuk melaporkan sebuah akun piutang, maka perusahaan
harus menggunakannnya secara kontinyu untuk akun piutang
tersebut sampai dengan piutang tersebut dilunasi
34. LO 8 Understand special topics related to receivables.
Fair Value Measurement
► Receivables are recorded at fair value on the statement of
financial position.
► Unrealized holding gains or losses reported as part “Other
income and expense” on the income statement.
► If a company elects the fair value option, it must continue to
use fair value measurement for that receivable.
► If the company does not elect the fair value option at the date
of recognition, it may not use this option on that specific
receivable in subsequent periods.
35. Illustration (Recording Fair Value Option): Assume that Escobar
Company has notes receivable that have a fair value of $810,000
and a carrying amount of $620,000. Escobar decides on December
31, 2011, to use the fair value option for these receivables. This is
the first valuation of these recently acquired receivables. At
December 31, 2011, Escobar makes an adjusting entry to record
the increase in value of Notes Receivable and to record the
unrealized holding gain, as follows.
Notes Receivable 190,000
Unrealized Holding Gain or Loss—Income 190,000
LO 8 Understand special topics related to receivables.
36. LO 8 Understand special topics related to receivables.
Perusahaan dapat mentransfer piutang kepada perusahaan lain
untuk ditukarkan dengan kas
Alasan:
Persaingan.
Keperluan kas yang tinggi.
Penagihan membutuhkan biaya dan waktu
Transfer accomplished by:
1. Secured borrowing (piutang dipakai sebagai jaminan)
2. Sale of receivables (penjualan piutang/anjak piutang)
Derecognition of Receivables
37. Secured Borrowing
Illustration: March 1, 2011, Howat Mills, Inc. provides (assigns)
$700,000 of its accounts receivable to Citizens Bank as collateral
for a $500,000 note. Howat Mills continues to collect the accounts
receivable; the account debtors are not notified of the arrangement.
Citizens Bank assesses a finance charge of 1 percent of the
accounts receivable and interest on the note of 12 percent. Howat
Mills makes monthly payments to the bank for all cash it collects on
the receivables.
LO 8 Understand special topics related to receivables.
Using receivables as collateral in a borrowing transaction.
39. E7-14: On April 1, 2010, Prince Company assigns $500,000 of its
accounts receivable to the Hibernia Bank as collateral for a $300,000 loan
due July 1, 2010. The assignment agreement calls for Prince Company to
continue to collect the receivables. Hibernia Bank assesses a finance
charge of 2% of the accounts receivable, and interest on the loan is 10% (a
realistic rate of interest for a note of this type).
Instructions:
a) Prepare the April 1, 2010, journal entry for Prince Company.
b) Prepare the journal entry for Prince‟s collection of $350,000 of the
accounts receivable during the period from April 1, 2010, through
June 30, 2010.
c) On July 1, 2010, Prince paid Hibernia all that was due from the loan it
secured on April 1, 2010. Prepare the entry to record this payment.
LO 8 Understand special topics related to receivables.
40. E7-14 continued
Date Account Title Debit Credit
(a) Cash 290,000
Finance Charge 10,000
Notes Payable 300,000
($500,000 x 2% = $10,000)
(b) Cash 350,000
Accounts Receivable 350,000
(c) Notes Payable 300,000
Interest Expense 7,500
Cash 307,500
(10% x $300,000 x 3/12 = $7,500)
LO 8 Understand special topics related to receivables.
41. Factors are finance companies or banks that buy receivables from
businesses for a fee.
Illustration 7-19
LO 8 Understand special topics related to receivables.
42. Sale without Guarantee
Pembeli menaggung resiko penagihan
Transfer sekaligus merupakan penjualan piutang.
Penjual mencatat “kerugian atas penjualan piutang” untuk
menampung penyesuaian yang mungkin terjadi
(diskon,retur, dsb)
Penjualan menggunakan akun „Seller use Due from Factor
(receivable) untuk mencatat hasil yang ditahan oleh faktor
untuk menutupi diskon penjualan, retur penjualan dan
pengurangan harga
LO 8 Understand special topics related to receivables.
43. Sale with Guarantee
Penjual menjamin pembeli atas resiko penagihan
Transfer piutang dipertimbangkan sebagai sebuah pinjaamn
- kadang diakui sebagai a failed sale.
LO 8 Understand special topics related to receivables.
Assume Crest Textiles sold the receivables on a with guarantee basis.
Illustration 7-21
44. Illustration: Crest Textiles, Inc. factors €500,000 of accounts
receivable with Commercial Factors, Inc., on a non-guarantee (or
without recourse) basis. Commercial Factors assesses a finance
charge of 3 percent of the amount of accounts receivable and retains
an amount equal to 5 percent of the accounts receivable (for probable
adjustments). Crest Textiles and Commercial Factors make the
following journal entries for the receivables transferred without
recourse.
Illustration 7-20
LO 8 Understand special topics related to receivables.