The Role of Government Accounting Standards Committee (KSAP) in Supporting the Implementation of Accrual Accounting in Indonesia
|
|
- Tabitha Wilkinson
- 5 years ago
- Views:
Transcription
1 The Role of Government Accounting Standards Committee (KSAP) in Supporting the Implementation of Accrual Accounting in Indonesia By: Binsar Simanjuntak Chairman of Working Committee Government Accounting Standards Committee 1
2 Agenda Organization Strategic Activities Indonesian Government Accounting Standards Development Due Process The Indonesian Government Accounting Standards Statements (IGAS) Interpretation of Government Accounting Standards Statements Technical Bulletins Coverage of Indonesian Government Accounting Standards The Role of GASC in the Implementation of Accrual Accounting Development of Indonesian Government Accounting Standards Outcome of the Implementation of Accrual Accounting Challenges in the Implementation of Accrual Accounting 2
3 ORGANIZATION 1. KSAP was established by Presidential Decree No. 84/2004 and amended by Presidential Decree No. 21/2013 in accordance with the State Finance Law No.17/2003 and State Treasury Law No. 1/ KSAP is established to improve transparency and accountability of public financial management through the development and the implementation of Government Accounting Standards. 3. KSAP consist of: a. Consultative Committee b. Working Committee Assisted by: a. Working Group b. Secretariat 3
4 STRATEGIC ACTIVITIES 1. Development of Government Accounting Standards (GAS) Statements 2. Development of Interpretation of Government Accounting Standards Statements 3. Development of Technical Bulletin of Government Accounting Standards 4. Development of Case Studies of Government Accounting 5. GAS Limited Hearing 6. GAS Public Hearing 7. Training of Trainers/Workshop/Socialization 4
5 Indonesian Government Accounting Standards Development
6 DUE PROCESS 1. Topic Identification to be Developed as Standard 2. Assign Working Group 3. Limited Research by Working Group 4. Standard drafting by Working Group 5. Discussion of preliminary draft by Working Committee 6. Decision Making for Exposure Draft 7. Launching of the Exposure Draft 8. Limited hearing & public hearing 9. Discussion of comments and inputs from hearings 10. Finalization of the standards, by taking into BPK s consideration. 6
7 Cash towards Accrual Conceptual Framework Conceptual Framework Accrual PSAP 01 Presentation of Financial Statements Presentation of Financial Statements PSAP 02 Statement of Budget Realization Statement of Cash-based Budget Realization PSAP 03 Statement of Cash Flows Statement of Cash Flows PSAP 04 Notes to the Financial Statements Notes to the Financial Statements PSAP 05 Accounting for Inventories Accounting for Inventories PSAP 06 Accounting for Investment Accounting for Investment PSAP 07 Accounting for Fixed Assets Accounting for Fixed Assets PSAP 08 Accounting for Construction in Progress Accounting for Construction in Progress PSAP 09 Accounting for Liabilities Accounting for Liabilities PSAP 10 The Indonesian Government Accounting Standards (IGAS) Correction of Errors, Changes in Accounting Policy, and Extraordinary Events Correction of Errors, Changes in Accounting Policy, Changes in Accounting Estimation and Discontinued Operations PSAP 11 Consolidation of Financial Statements Consolidation of Financial Statements PSAP 12 - Statement of Operations PSAP 13 - Accounting of Public Service Agencies 7
8 Interpretation of Government Accounting Standard Statements Interpretation No 1 Interpretation No 2 Interpretation No 3 Interpretation No 4 Interpretation Foreign Currency Transactions Revenue Recognition in State/Local Treasury Accounts Financing Disbursement Recognition from State/Local Treasury Accounts Changes in Accounting Policies and Correction of Errors without Restatement 8
9 Technical Bulletins TB 01 TB 02 TB 03 TB 04 Cash towards Accrual Preparation Initial Balance Sheet for Central Government Preparation Initial Balance Sheet for Local Government Presentation Initial Balance Sheet for Local Government with Conversion Presentation and Disclosure of Government Spending Accrual TB 05 Accounting for Depreciation TB 18 Accounting for Depreciation (2014) TB 06 Accounting for Receivable TB 16 Accounting for Receivables (2015) TB 07 Accounting for Revolving Funds TB 08 Accounting for Liabilities TB 22 Accounting for Liabilities (2015) TB 09 Accounting for Fixed Assets TB 15 Accounting for Fixed Assets (2014) TB 10 Accounting for Social Assistance Expenditure TB 19 Accounting for Social Assistance (2015) TB 11 Accounting for Intangible Assets TB 17 Accounting for Intangibles Assets (2014) TB 12 Accounting for Transaction in Foreign Currencies
10 Technical Bulletins Cash towards Accrual Accrual TB 13 Accounting for Grants -- TB 14 Accounting for Cash -- TB Accounting for State Losses (2015) TB Accounting for Transfers (2015) 10
11 Coverage of Indonesian Government Accounting Standards 1. Central Government: a. 1 Central Government (CGFS) b. 87 Reporting Entities (Line Ministries/Agencies) 2. Local Government: a. 34 Provinces b. 416 Municipalities c. 98 Cities 3. Total 636 Entities Source: 1. Law of State Budget Accountability Year Regulation of Ministry of Home Affairs No. 16 Tahun
12 The Roles of Government Accounting Standards Committee in the Implementation of Accrual Accounting 1. Issuance of Government Regulation Number 71 Year 2010 on Accrual-based Indonesian Government Accounting Standards (IGAS) (fully implemented from 2015) 2. Issuance of IGAS Statement Number 13 on Accounting of Public Service Agencies (implemented from 2016) 3. Revision of IGAS Statement Number 6 on Accounting for Investment (in process) 4. Issuance of Interpretation of IGAS on Changes in Accounting Policies and Correction of Errors without Restatement (implemented from 2015) 12
13 1. Village Government Financial Reporting Standard 2. Government Accounting Standard Statement on Accounting for Intangible Assets 3. Government Accounting Standard Statement on Events after Reporting Date 4. Government Accounting Standard Statement on Accounting for Non Governmental Entities Receiving the State Budget 5. Government Accounting Standard Statement on Operational Revenue 6. Government Accounting Standard Statement on Joint Arrangements 7. Technical bulletin on Accounting for Revolving Funds (in the finalization process) 8. Technical bulletin on Accounting for Tax Revenue (in the finalization process) 9. Technical bulletin on Accounting for Non Tax Revenue 10. Technical bulletin on Accounting of Public Service Agencies 13
14 Regulation: 1. Law No.6/2014 on Village 2. Law No.17/2003 on State Finance Conditions: Village Budget Allocation 2015 (IDR) 2016 (IDR) Increase 74,000 20,766,200,000,000 46,982,080,000, % Village fund should be managed fairly, properly, professional and accountable. 14
15 Standard Setting Process: High level Meeting 22 April 2016 Limited Hearing 9 Nov 2016 Public Hearing 14 Dec 2016 Village Government Financial Reporting Standard Exposure Draft can be downloaded at 15
16 1. Improvement in accountability of Government performance (for example expenses/accruals will reflect the actual resourses used for government activities) 2. Increase in public awareness on government accounting 3. Increase in top management support and commitment (indicated by accrual declaration by head of agencies and head of regional governments, and establishment of accounting clinics at central and regional government entities) 16
17 1. Lack of capable human resources with accounting background 2. Inadequate government internal control system 3. Availability of relevant and reliable government data 4. Compliance level to laws and regulations 5. Integrated accrual based information in government financial management system 17
18 Thank You Government Accounting Standards Committee Gedung Prijadi Praptosuhardjo II, Lt. 2, Direktorat Jenderal Perbendaharaan Jl. Budi Utomo No. 6, Jakarta (021) , (021) Ext 5311 Faksimile : (021) Website : sekretariatksap@gmail.com 18
The Government Accounting Standards Committee (KSAP)
The Government Accounting Standards Committee (KSAP) In accordance with article of Government Regulation No. of 00 on the Government Accounting Standards, which provides:. That the Statement of Government
More informationThe GASB s New Financial Reporting Model
The GASB s New Financial Reporting Model September 18, 2017 11:30 AM 12:30 PM Susannah Baney, Manager, Baker Tilly Virchow Krause LLP Christina Coyle, Finance Director, Village of Glen Ellyn Krisztina
More informationPublic Sector Measurement
Public Sector Measurement Gwenda Jensen and John Stanford IPSASB Meeting March 6 9, 2018 New York, USA Page 1 Proprietary and Copyrighted Information Overview Introduction 1. ED, Objective, scope and definitions
More informationCorporate reporting income Earnings per share Retained earnings. Explain the form and content of a comprehensive corporate income statement
Corporate reporting income Earnings per share Retained earnings Objectives Explain the form and content of a comprehensive corporate income statement Describe and account for share dividends, share splits
More informationUpdate NASACT. GASB Update Due Process Documents
Update NASACT GASB Update Due Process Documents The views expressed in this presentation are those of the presenters. Official positions of the GASB are reached only after extensive due process and deliberations.
More informationNON-CONSOLIDATED BALANCE SHEET
NON-CONSOLIDATED BALANCE SHEET Dec. 2016 (Restated) Cash and cash equivalents 179.358 311.454 (42,4) 311.454 (42,4) Derivative Financial Instruments - 15.940-15.940 (100,0) Trade account receivables, net
More informationMinister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 12/M-DAG/PER/3/2009
------------------------------------------ AUTHORIZED TRANSLATION ------------------------------------------ Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC
More informationFinancial Reporting Model
Illinois GFOA Annual Conference, September 2018 Financial Reporting Model Frederick G. Lantz, C.P.A. Partner-in-Charge, Government Services, Sikich LLP Brian W. Caputo, Ph.D., C.P.A. Vice President for
More informationCouncil of State Governments Alan Conroy GASB Overview & Update
Council of State Governments Alan Conroy GASB Overview & Update The views expressed in this presentation are those of Mr. Conroy. Official positions of the GASB on accounting matters are determined only
More informationIKATAN AKUNTAN INDONESIA KOMPARTEMEN AKUNTAN SEKTOR PUBLIK The Indonesian Institute of Accountants Public Sector Accountants Compartment
KASP KASP IKATAN AKUNTAN INDONESIA KOMPARTEMEN AKUNTAN SEKTOR PUBLIK The Indonesian Institute of Accountants Public Sector Accountants Compartment Sekr : Jl. Bank V/A-4, Pela Mampang, Jakarta, Telp. (021)
More informationCalifornia Society of Municipal Finance Officers
California Society of Municipal Finance Officers GASB Update Waiting in the Wings The views expressed in this presentation are those of Mr. Bean. Official positions of the GASB on accounting matters are
More informationGASB Update. Virginia GFOA Spring Conference. Current Technical Agenda. Paulina Haro
Virginia GFOA Spring Conference GASB Update Current Technical Agenda Paulina Haro The views expressed in this presentation are those of Ms Haro Official positions of the GASB are reached only after extensive
More informationPRESIDENTIAL REGULATION REPUBLIC OF INDONESIA NUMBER 26 YEAR 2010 REGARDING TRANSPARENCY OF NATIONAL/LOCAL EXTRACTIVE INDUSTRY REVENUES
PRESIDENTIAL REGULATION REPUBLIC OF INDONESIA NUMBER 26 YEAR 2010 REGARDING TRANSPARENCY OF NATIONAL/LOCAL EXTRACTIVE INDUSTRY REVENUES BY THE GRACE OF THE ALMIGHTY CREATOR THE PRESIDENT OF THE REPUBLIC
More informationIndonesia National Health Accounts 2016 Presented in INAHEA 5 th Conference Jakarta, 31 October 2 November 2018
Indonesia National Health Accounts 2016 Presented in INAHEA 5 th Conference Jakarta, 31 October 2 November 2018 Total Area (km 2 ) = 1,913,578.68 Number of Islands = 17,504 Indonesia in Brief Population
More informationSAVINGS BOND RITEL SBR003 Debut to Digitized Bond Market
SAVINGS BOND RITEL SBR003 Debut to Digitized Bond Market Herman Sary Tua 2018 Asian Regional Public Debt Management Forum Directorate of Government Debt Securities Directorate General of Budget Financing
More informationImplementation Status & Results Indonesia Initiatives for Local Governance Reform Project (P076174)
Public Disclosure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results Indonesia Initiatives for Local Governance Reform Project (P076174) Operation Name: Initiatives
More informationGASB Update. Georgia Fiscal Management Council October 4, 2016
GASB Update Georgia Fiscal Management Council October 4, 2016 Dean Michael Mead, Senior Research Manager The views expressed in this presentation are those of Mr. Mead. Official positions of the GASB on
More informationCERTIFICATE OF DOMICILE OF NON RESIDENT FOR INDONESIA TAX WITHHOLDING (FORM DGT 1)
MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA DIRECTORATE GENERAL OF TAXES Lampiran II Peraturan Direktur Jenderal Pajak Nomor: PER- 61/PJ/2009 Tanggal: 5 November 2009 Guidance: CERTIFICATE OF DOMICILE
More informationCompany Presentation - PUBLIC EXPOSE January 2016
Company Presentation - PUBLIC EXPOSE 2014 18 January 2016 The information contained herein may be subject to change without prior notice. THIS DOCUMENT MAY NOT BE DISTRIBUTED IN, OR TO ANY PERSON RESIDENT
More informationFinancial Reporting Model Improvements Governmental Funds
December 7, 2016 Comments Due: March 31, 2017 Invitation to Comment of the Governmental Accounting Standards Board on major issues related to Financial Reporting Model Improvements Governmental Funds Project
More informationMINISTRY OF INTERGOVERNMENTAL AFFAIRS
THE ESTIMATES, 2003-04 1 SUMMARY The mission of the Ministry of Intergovernmental Affairs is to ensure that the Government of Ontario is equipped to contribute constructively and effectively to strengthening
More informationGASB Update. By: Billy Robinson, CPA Assistant Director of Finance, Roanoke County
GASB Update 42 nd Annual VGFOA Spring Conference By: Billy Robinson, CPA Assistant Director of Finance, Roanoke County Contact Information (540) 772-2020 ext. 330 brobinson@roanokecountyva.gov 5204 Bernard
More informationThe Government Accounting Standards Committee (KSAP)
Technical Bulletin on Presentation of Local Government Financial Statements with Conversion The Government Accounting Standards Committee (KSAP) In accordance with article of Government Regulation No.
More informationTHE PRESIDENT OF THE REPUBLIC OF INDONESIA,
THE PRESIDENTIAL REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 76/2007 REGARDING THE CRITERIA AND ESTABLISHMENT OF CLOSED BUSINESS LINE AND OPEN BUSINESS WITH CONDITIONS IN RESPECT OF CAPITAL INVESTMENT
More informationBy: Ms. Nor Ashikin Johari Ministry of Foreign Affairs & Trade Brunei Darussalam
ASEAN-OECD Investment Policy Conference 18 19 November 2010, Jakarta By: Ms. Nor Ashikin Johari Ministry of Foreign Affairs & Trade Brunei Darussalam Evolution of ASEAN s investment agreements 1987 Agreement
More informationWork Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S.
Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. Issuers A Comparison of U.S. GAAP and IFRS A Securities and Exchange
More informationIncome Statement. for the financial year ended 31 March 2011
Income Statement for the financial year ended 31 March Continuing operations Revenue 5 1,220,183 1,141,964 Other income 6 3,776 2,350 Share of net loss of associate accounted for using the equity method
More informationDeveloping Institutional Framework for Regulatory Reform: Indonesian Experience
Developing Institutional Framework for Regulatory Reform: Indonesian Experience B. Raksaka Mahi Special Advisor to the Coordinating Minister of Economic Affairs and Vice Secretary of National Team for
More informationDéjà vu All Over Again! GASB Revisits the Financial Reporting Model
2018 CSFMO Annual Conference Déjà vu All Over Again! GASB Revisits the Financial Reporting Model February 22, 2018 David Sundstrom, Board Member, GASB Harriet Commons, Retired Finance Director/Treasurer,
More informationThe Future of Indonesia s Cities
The Future of Indonesia s Cities Director for Urban Affairs, Housing and Settlement Ministry of National Development Planning/ National Development Planning Agency Indonesia 1 Rapid urbanization, absolute
More informationPublic Financial Management Reform in Greece (General Government Accounting Framework)
Public Financial Management Reform in Greece (General Government Accounting Framework) 21 Sandra Cohen, Athens University of Economics and Business scohen@aueb.gr Reform key objectives Goal: Transparency
More information1 NEW DEVELOPMENTS COPYRIGHTED MATERIAL INTRODUCTION
1 NEW DEVELOPMENTS Introduction 1 Recently Issued GASB Statements and Their Effective Dates 1 Most Recent GASB Statement: GASB Statement 58, Accounting and Financial Reporting for Chapter 9 Bankruptcies
More informationFirst Time Adoption of Accrual Basis IPSASs. Erna Swart Chief Executive Roundtable: Planning for implementation
First Time Adoption of Accrual Basis IPSASs Erna Swart Chief Executive Roundtable: Planning for implementation 1 Benefits of IPSAS Adoption Time and cost required for IPSAS implementation are substantial
More informationSusilawati 1, Sudarno 2
International Journal of Empirical Finance Vol. 3, No. 5, 2014, 243-254 Effect of Government Accounting Standards of Quality of Financial Statements and Implications on Local Government Accountability
More informationGASB Update 2015 GFOAA Annual Conference Wesley A. Galloway, Project Manager Governmental Accounting Standards Board
GASB Update 2015 GFOAA Annual Conference Wesley A. Galloway, Project Manager Governmental Accounting Standards Board The views expressed in this presentation are those of [Mr./Ms. last name]. Official
More informationThe report to the MPA Steering Committee. MPA High Level Consultation for Investment Promotion
The report to the MPA Steering Committee MPA High Level Consultation for Investment Promotion December 2013 0 1. Background and basic principles of the High Level Consultation for Investment Promotion
More informationInvitation to Comment, Financial Reporting Model Improvements Governmental Funds
Invitation to Comment, Financial Reporting Model Improvements Governmental Funds Opening Remarks MODERATOR R. Kinney Poynter Executive Director, NASACT SPEAKER David Vaudt Chairman GASB SPEAKER Roberta
More informationThe Role of PT. Sarana Multi Infrastruktur in Infrastructure Development
The Role of PT. Sarana Multi Infrastruktur in Infrastructure Development 1 OUTLINE Background Profile Framework Financing Policy Challenges Target 2 BACKGROUND Rationale 1. Global economic condition 2.
More informationGUIDELINES FOR FUNDING OF CENTRAL AND LOCAL GOVERNMENT COMMON AFFAIRS ON POVERTY ERADICATION BY THE GRACE OF THE ONE ALMIGHTY GOD
COPY REGULATION OF THE FINANCE MINISTER NUMBER 168/ PMK.07/ 2009 ON GUIDELINES FOR FUNDING OF CENTRAL AND LOCAL GOVERNMENT COMMON AFFAIRS ON POVERTY ERADICATION BY THE GRACE OF THE ONE ALMIGHTY GOD THE
More informationContinuing operations Revenue 235, ,719 Cost of sales 193, ,859 Gross profit 42,584 33,860
AMG Advanced Metallurgical Group N.V. Condensed interim consolidated income statement For the three months ended March 31 In thousands of US Dollars 2010 2009 Continuing operations Unaudited Unaudited
More informationUNIT 8 : ACCOUNTING STANDARDS
1.84 PRINCIPLES AND PRACTICE OF ACCOUNTING UNIT 8 : ACCOUNTING STANDARDS LEARNING OUTCOMES After studying this unit, you will be able to: Understand the significance of issuance of Accounting Standards.
More informationJapanese ODA Loan. Ex-ante evaluation
Japanese ODA Loan Ex-ante evaluation 1. Name of the Program Country: The Republic of Indonesia Project name: Connectivity Development Policy Loan Loan Agreement December 2, 2013 Loan Amount: 19,848 million
More informationPublic Accounts of the Province
Public Accounts of the Province 1.0 Summary This year, the audit opinion on the Province s consolidated financial statements is qualified. Based on our audit work, we have concluded that the Province s
More information13 TH ANNUAL OECD PUBLIC SECTOR ACCRUALS SYMPOSIUM. National Accounting Standards for State and Local Governments in the United States
13 TH ANNUAL OECD PUBLIC SECTOR ACCRUALS SYMPOSIUM National Accounting Standards for State and Local Governments in the United States Standards Setting in the United States Comptroller General GAO Office
More informationSTAR Contribution to Indonesia PFM
State Accountability Revitalization (RRP INO 38354) STAR Contribution to Indonesia PFM Public financial management (PFM) includes all phases of the budget cycle, including the preparation of the budget,
More informationREGULATION OF PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 13 YEAR 2018 REGARDING IMPLEMENTATION OF PRINCIPLE OF CORPORATE BENEFICIARY
REGULATION OF PRESIDENT OF NUMBER 13 YEAR 2018 REGARDING IMPLEMENTATION OF PRINCIPLE OF CORPORATE BENEFICIARY IDENTIFICATION FOR PREVENTING AND ERADICATING CRIMINAL ACTIONS OF MONEY LAUNDERING AND TERRORISM
More informationSupervision and Regulation of Microfinance Institutions in Indonesia. OJK International Seminar on Microfinance & Financial Inclusion, March 2016
Supervision and Regulation of Microfinance Institutions in Indonesia OJK International Seminar on Microfinance & Financial Inclusion, March 2016 Contents FSA Indonesia (OJK) MFIs in Indonesia MFIs Regulations
More informationEXCERPT FROM THE AUDIT REPORT ON THE GENERAL SECRETARIAT OF THE GOVERNMENT
EXCERPT FROM THE AUDIT REPORT ON THE GENERAL SECRETARIAT OF THE GOVERNMENT Type of audit: Audited entity: Subject of audit: Audit duration: Auditing Board members: Financial audit and regularity audit
More informationHK SME Financial Reporting Framework and Standard 22 October 2005
New New IFRS IFRS HK SME Financial Reporting Framework and Standard 22 October 2005 We are small! HELP! Nelson Lam CFA FCCA FCPA(Practising) MBA MSc BBA CPA(US) 2005 Nelson 1 HK SME Financial Reporting
More informationNATIONAL TEAM FOR THE ACCELERATION OF POVERTY REDUCTION (TNP2K)
OFFICE OF THE VICE PRESIDENT THE REPUBLIC OF INDONESIA NATIONAL TEAM FOR THE ACCELERATION OF POVERTY REDUCTION (TNP2K) Bambang Widianto Deputy for Social Welfare and Poverty Alleviation/ Excecutive Secretary
More informationCOPYRIGHTED MATERIAL INDEX 1087
INDEX 1087 A Accelerated depreciation, 233 Accounting basis of, 49, 140 Cash to accrual conversion, 51 Accounting changes, 106 Interim reporting, 789 Accounting information Qualitative characteristics
More informationASPEED TECHNOLOGY INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars) June 30, 2018 December 31, 2017 (Audited) June 30, 2017 June 30, 2018 December 31, 2017 (Audited) June 30, 2017 ASSETS Amount % Amount %
More information4. Consolidated Financial Statements (1) Consolidated Balance Sheets As of December 31, 2015 ASSETS Current assets: 107, , ,066 54,075
4. Consolidated Financial Statements (1) Consolidated Balance Sheets As of and 2015 ASSETS Current assets: As of As of Cash and deposits 137,082 107,617 Notes and accounts receivable trade 265,818 290,897
More informationThe Guidance and Procedure of Investment Applications (Regulation of Chairman of the Investment Coordinating Board No.12 /2009)
The Guidance and Procedure of Investment Applications (Regulation of Chairman of the Investment Coordinating Board No.12 /2009) BY THE GRACE OF GOD ALMIGHTY THE CHAIRMAN OF THE INVESTMENT COORDINATING
More informationImprovements to IPSASs. 1. To review and approve proposed changes to certain IPSASs following the review and evaluation of:
Meeting: Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: June 24-27, 2014 Objective of Agenda Item Improvements to IPSASs Agenda Item 7 For: Approval
More informationFinancial Reporting Model Improvements Governmental Funds
Financial Reporting Model Improvements Governmental Funds Feb. 8 2-3 p.m. ET 2 CPE FOS: ACCG Z Sample CPE OMB Tracking Circular Letter A-123 History 1981 OMB First Issued Circular No. A-123, Internal Control
More informationTable 1 IPSAS and Equivalent IFRS Summary*
Agenda Item 13.3.2 IPSAS IFRS Alignment Dashboard Table 1 IPSAS and Equivalent IFRS Summary* IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 17, Property,
More informationIndonesia s Financial Sector Policy Package
Indonesia s Financial Sector Policy Package Presentation at the Nigeria Financial System Strategy 2020 Workshop, Dec 18-20, Djauhari Sitorus Financial & Private Sector Development The World Bank Office
More informationPRS-PA-0.1: LIST OF SUBSTANTIVE CHANGES AND ADDITIONS
PRS (9/15) 1 Index [WPRef] : LIST OF SUBSTANTIVE CHANGES AND ADDITIONS PPC s Practice Aids for Audits of Real Estate Entities Second Edition (September 2015) Highlights of This Edition The following are
More informationDECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC.
DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC. Number : Kep-00113/BEI/11-2015 Regarding : Rule Number I-R concerning Listing of Asset-Backed Securities in the Form of Participatory
More informationRevised procedures for using tax treaty relief
News Alert January 2010 (11/10) Revised procedures for using tax treaty relief As discussed in our previous newsletter (News Alert 10/09), the Director General of Tax (DGT) issued new regulations (DGT
More informationChampion Industries, Inc.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q =QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January
More informationCertificate in Professional Accounting. Contents are subject to change. For the latest updates visit
Certificate in Professional Accounting Page 1 of 9 Why Attend This course is essential for accounting and finance employees in every company as it covers the rules and regulations under International Financial
More informationNAME AND DOMICILE. Article 1
NAME AND DOMICILE Article 1 1. This Limited Liability Company is named PT DUTA INTIDAYA Tbk, (hereinafter referred in this Articles of Association as the "Company"), having its domicile in South Jakarta.
More informationMINISTER OF TRADE OF THE REPUBLIC OF INDONESIA REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER 44/M-DAG/PER/6/2016 CONCERNING
------------------------------------------ AUTHORIZED TRANSLATION ------------------------------------------ MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC
More informationPORCH & ASSOCIATES LLC CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS
PORCH & ASSOCIATES LLC CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS VILLAGE OF BOSQUE FARMS, NEW MEXICO Financial Statements, Supplementary Information and Independent Auditors Report TABLE OF CONTENTS
More informationChapter 3 Comparative Accounting. The environment in a given nation will affect the following accounting factors:
Chapter 3 Comparative Accounting The environment in a given nation will affect the following accounting factors: 1. the need for accounting information by decision makers 2. the basic approach to the setting
More informationFASB/IASB Update Part I
American Accounting Association FASB/IASB Update Part I Tom Linsmeier FASB Member August 3, 2014 The views expressed in this presentation are those of the presenter. Official positions of the FASB are
More informationIJRTBT. Key words: Employee Training, Understanding of SAP, Information Technology, Accrual Basis
IJRTBT THE INFLUENCE OF EMPLOYEE TRAINING, UNDERSTANDING OF SAP, AND INFORMATION TECHNOLOGY ON THE IMPLEMENTATION OF THE ACCRUAL BASED ACCOUNTING IN THE GOVERNMENT OF PONTIANAK CITY Endang Kristiawati*
More informationFathiyah. Keywords: Local Revenue and Expenditure Budget (APBD), Funds Transfer, Regional Revenue (PAD), Budget Deficit, Budget Rationalisation
THE CAUSES OF LOCAL REVENUE DAN EXPENDITURE BUDGET DEFICIT AND ALTERNANTIVE FINANCING TO SOLVE IT CASE STUDY LOCAL GOVERNMENT OF JAMBI PROVINCE YEAR Fathiyah ABSTRACT This study aims to examine the cause
More informationCONDOMINIUM AUTHORITY OF ONTARIO
FINANCIAL STATEMENTS www.sloangroup.ca DEDICATED TO EXCELLENCE, COMMITTED TO YOUR SUCCESS info@sloangroup.ca 4646 Dufferin St. Suite 6 Toronto Ontario M3H 5S4 t) 416 665-7735 f) 416 649-7725 INDEX Page
More informationTable 1 IPSAS and Equivalent IFRS Summary 1
Agenda Item 1.6 IPSAS IFRS Alignment Dashboard Table 1 IPSAS and Equivalent IFRS Summary 1 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 17, Property,
More informationNOTICE SUMMARY MINUTES ANNUAL GENERAL MEETING OF SHAREHOLDERS and EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS PT UNILEVER INDONESIA Tbk
NOTICE SUMMARY MINUTES ANNUAL GENERAL MEETING OF SHAREHOLDERS and EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS PT UNILEVER INDONESIA Tbk In compliance with paragraph (1) Article 32 of the Financial Services
More informationA. Day/Date. Time, Place and Agenda
ANNOUNCEMENT OF SUMMARY OF MINUTES OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS AND THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS 2017 & SCHEDULE CASH DIVIDEND PAYMENT FOR THE FINANCIAL YEAR 2016
More informationSECTOR ASSESSMENT (SUMMARY): PUBLIC SECTOR MANAGEMENT Sector Performance, Problems, and Opportunities
State Accountability Revitalization Project (RRP INO 38354) Sector Road Map SECTOR ASSESSMENT (SUMMARY): PUBLIC SECTOR MANAGEMENT 1 1. Sector Performance, Problems, and Opportunities 1. Fiscal decentralization.
More informationThe undersigned: Name of Shareholder : Domicile of Legal Entity : Address : represented by: 1. Name : Address : Position :
(For corporation/legal entity shareholder) POWER OF ATTORNEY TO ATTEND THE ANNUAL GENERAL MEETING OF SHAREHOLDERS AND THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF PT BANK DANAMON INDONESIA TBK
More informationDiploma in IFRS. Units with Learning Outcomes and Assessment Criteria
Diploma in IFRS Units with Learning Outcomes and Assessment Criteria Unit 1-IASB and regulatory framework Understand the need and role of the regulatory system Describe the impact of globalization Describe
More informationCHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS. IFRS questions are available at the end of this chapter. TRUE-FALSE Conceptual
CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS IFRS questions are available at the end of this chapter. TRUE-FALSE Conceptual Answer No. Description F 1. Definition of financial accounting. T
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationEPS Reg. U.S. Pat. & Tm. Off.
ENERGY PERFORMANCE SERVICES EPS Reg. U.S. Pat. & Tm. Off. Financing Energy Efficiency in Indonesia Opportunities &Challenges Conference: EE and RE Solutions for Buildings Opportunities and Developments
More informationRecent GASB Activity - Past
GASB Update 1 Recent GASB Activity - Past GASB 72 Fair value GASB 73 Certain pensions not administered through a trust GASB 76 GAAP hierarchy GASB 79 External investment pools 2 Recent GASB Activity -
More informationAPPROVED TECHNICAL PLAN FOR THE SECOND THIRD OF 2017: BACKGROUND AND HISTORICAL MATERIAL Financial Accounting Foundation, Norwalk, Connecticut
APPROVED TECHNICAL PLAN FOR THE SECOND THIRD OF 2017: BACKGROUND AND HISTORICAL MATERIAL Table of Contents Current Technical Agenda:... 3 Conceptual Framework... 3 Conceptual Framework: Recognition...
More informationTable 1 IPSAS and Equivalent IFRS Summary 2
Agenda Item 1.7 IPSAS IFRS Alignment 1 Dashboard Table 1 IPSAS and Equivalent IFRS Summary 2 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 18, Segment
More informationTable 1 IPSAS and Equivalent IFRS Summary 2
IPSASB Meeting ( 2018) Agenda Item 1.6 IPSAS IFRS Alignment 1 Dashboard Table 1 IPSAS and Equivalent IFRS Summary 2 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements
More informationDECREE OF DIRECTOR GENERAL OF FINANCIAL INSTITUTION NUMBER : Kep-2833/LK/2003 CONCERNING
ANNEX IVA.3 DECREE OF DIRECTOR GENERAL OF FINANCIAL INSTITUTION NUMBER : Kep-2833/LK/2003 CONCERNING GUIDE OF IMPLEMENTING KNOW YOUR CUSTOMER PRINCIPLE FOR NON BANK FINANCIAL INSTITUTION 1 DECREE OF DIRECTOR
More informationStatement of Financial Accounting Standards No. 62
Statement of Financial Accounting Standards No. 62 FAS62 Status Page FAS62 Summary Capitalization of Interest Cost in Situations Involving Certain Tax-Exempt Borrowings and Certain Gifts and Grants (an
More informationFiscal Policy. Overview. Revenue Policy
Fiscal Policy Overview The Metropolitan Sewerage District of Buncombe County, North Carolina (MSD or District) fiscal policies compiled below comprise the basic framework for the overall financial management
More informationCondensed Consolidated Interim Financial Statements as of September 30, 2018
Bayer Interim Report as of September 30, 208 Condensed Consolidated Interim Financial Statements 29 Bayer Group Consolidated Income Statements Condensed Consolidated Interim Financial Statements as of
More informationIII Explanation SFAS 14 SFAS 14. exports to be paid in foreign currency, or loans or debt denominated in foreign currency); (d)
Statement of Financial Accounting Standards No. 14 Statement of Financial Accounting Standards No.14 The Effects of Changes in Foreign Exchange Rates Revised on 22 September 2005 Translated by TsingZai
More informationENR Alert. Government Regulation concerning Cost Recovery and Provisions on Income Tax in Upstream Oil and Gas Activities finally issued
ENR Alert Government Regulation concerning Cost Recovery and Provisions on Income Tax in Upstream Oil and Gas Activities finally issued July 2017 (Originally Issued in February 2011) KPMG Advisory Indonesia
More informationAgenda Item 13.2: IPSAS IFRS Alignment Dashboard
Agenda Item 13.2: IPSAS IFRS Alignment Dashboard João Fonseca, Principal IPSASB Meeting Toronto, Canada June 19 22, 2018 Page 1 Proprietary and Copyrighted Information Agenda Item 13.2 IPSAS IFRS Alignment
More informationFINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015
FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015 WORLD WIDE WEB FOUNDATION CONTENTS PAGE NO. INDEPENDENT AUDITOR'S REPORT 2 EXHIBIT A - Statement of Financial Position, as of December 31, 2015
More informationDECREE OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NO. 426/KM K.06/2003
DECREE OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NO. 426/KM K.06/2003 CONCERNING LICENSING AND INSTITUTION OF INSURANCE AND REINSURANCE COMPANIES THE MINISTER OF FINANCE Considering : a.
More informationInnovations in Public Sector Internal Audit: Case of Indonesia
Innovations in Public Sector Internal Audit: Case of Indonesia Dr Ardan Adiperdana Head of Finance and Development Supervisory Agency (BPKP), Republic of Indonesia OECD Auditors Alliance Launch Meeting
More informationREVENUE APPROACH TO IFRS 15
Meeting: Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: June 19 22, 2018 Agenda Item 8 For: Approval Discussion Information From: Amon Dhliwayo REVENUE
More informationGASB Standards Effective for 2014
Overview This paper provides an overview of the final standards issued by the Governmental Accounting Standards Board (GASB) effective in 2014, as well as an update on outstanding proposals and active
More informationFASB Emerging Issues Task Force
EITF Issue No. 05-1 FASB Emerging Issues Task Force Issue No. 05-1 Title: The Accounting for the Conversion of an Instrument That Becomes Convertible upon the Issuer's Exercise of a Call Option Document:
More informationPharmaniaga Berhad ( M) UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT. For the quarter ended 30 September 2018
UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT For the quarter ended 30 September 2018 Current Period Cumulative Period 2018 2017 2018 2017 RM'000 RM'000 RM'000 RM'000 Revenue 587,660 574,503 1,788,312
More informationGOVERNMENT ACCOUNTING STANDARDS STATEMENT NO.01 PRESENTATION OF FINANCIAL STATEMENTS
ATTACHMENT III GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA NUMBER YEAR 00 DATE 1 JUNE 00 GOVERNMENT ACCOUNTING STANDARDS STATEMENT NO.01 PRESENTATION OF FINANCIAL STATEMENTS TABLE OF CONTENTS Paragraph
More informationFinancial Accounting s Conceptual Foundations
Economics /Management 4 Financial Accounting Financial Accounting s Conceptual Foundations L-2 A highly-stylized Information System Basic Functions (all info systems): 1. Collection of transactions data
More information