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ILUSTRASI 1-2 Juni 2010 1 Workshop dan Diskusi “Pengaruh IFRS terhadap Silabus dan Materi Pengajaran Akuntansi serta Workshop PSAK Terbaru"

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ILUSTRASI1-2 Juni 2010

1Workshop dan Diskusi “Pengaruh IFRS terhadap Silabus dan Materi Pengajaran Akuntansi serta Workshop PSAK Terbaru"

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SAK Kerjasama Usaha2

Co-operations

Separate legal entity Not separate legal entity

Joint control Not joint control

FI Associate Subsidiary

Joint control Not joint control

JCOJCE JCA BOTBTO

PSAK 12 PSAK 55 PSAK 15 PSAK 4 PSAK 12 PSAK 39

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Apakah kombinasi bisnis

1-2 Juni 2010Workshop dan Diskusi “Pengaruh IFRS terhadap Silabus dan Materi Pengajaran Akuntansi serta Workshop "PSAK

Terbaru"

3

Apakah kombinasi

Bisnis (B7-12)

Kelompok AsetAlokasi biaya perolehan

pada tanggal akuisisi pada: aset, liabilitas

Aset tunggalTerapkan PSAK terkait PSAK 16 atau PSAK 13

Kombinasi Bisnis

Akuisisi Aset

PengendalianFaktor yang

mempengaruhi

PengendalianAda PSAK 22

PSAK 15 atau 12

ADA

TIDAK ADA

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Identify the Acquirer

Reverse acquisition Legal parent is the acquiree and legal subsidiary is the acquirer Often initiated by the legal subsidiary Has other motive of entering into such an arrangement (eg.

Backdoor listing)

Exchange of shares in a reverse acquisition

Tan & Lee Chapter 3© 2009

4

Owners of Company B (Legal subsidiary)

Company A (Legal parent)

Company B (Legal subsidiary)

1. Company A (Legal parent) takes over shares of Company B from owners

2. Company A issues own shares to owners of Company B as purchase consideration

3. Company B has the power to govern the financial and operating policies of the legal parent

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Illustration 1:Fair Value of Equity Issued

P Ltd acquires 100% of S Co through an issue of 5,000,000

shares to the vendors of S Co.

Tan & Lee Chapter 3© 2009

5

    P Ltd   S Co

Number of existing shares   10,000,000   2,000,000

Number of new shares issued   5,000,000    -

Market price per share   $2.00    -

Fair value of equity   $24,000,000   $9,000,000

Page 6: Ilustrasi Psak 4 Dan Psak 22

Illustration 1:Fair Value of Equity Issued

Tan & Lee Chapter 3© 2009

6

Q1: P Ltd’s market price is a reliable indicator

Consideration transferred = 5,000,000 shares x $ 2.00 = $10,000,000

Q2: P Ltd’s market price is not a reliable indicator; a proportional interest in the fair value of P Ltd is a better estimate

Consideration transferred = (5,000,000/15,000,000) x $24,000,000

= $8,000,000

Q3: Fair value of S Co is a better estimate

Consideration transferred = $9,000,000

Page 7: Ilustrasi Psak 4 Dan Psak 22

Ilustrasi Tanggal Akuisisi

Tan & Lee Chapter 3© 2009

7

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Ilustrasi Biaya Akuisisi

Tan & Lee Chapter 3© 2009

8

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Menghitung NCI

Tan & Lee Chapter 3© 2009

9

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Menghitung Goodwill10

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Bargain Purchase

Tan & Lee Chapter 3© 2009

11

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1-12

On January 1, 20X1, Point Corporation purchases all the assets and liabilities of Sharp Company in a statutory merger by issuing to Sharp 10,000 shares of $10 par value common stock. The shares issued have a total market value of $600,000. Point incurs legal and appraisal fees of $40,000 (for a total purchase price of $640,000) in connection with the combination and stock issue costs of $25,000.

Fair value of stock issued $600,000 Stock issue costs -25,000Recorded amount of stock $575,000

Point Corporation IllustrationPoint Corporation Illustration

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1-13

Point Corporation IllustrationPoint Corporation Illustration

Assets, Liabilities, and Equities Book Value Fair Value

Cash and Receivables $ 45,000 $ 45,000Inventory 65,000 75,000Land 40,000 70,000Buildings and Equipment 400,000 350,000Accumulated Depreciation (150,000Patent 80,000Total Assets $400,000 $620,000Current Liabilities $100,000 $110,000Common Stock ($5 par) 100,000Additional Paid-In Capital 50,000Retained Earnings 150,000Total Liabilities and Equities $400,000Fair value of Net Assets $510,000

)

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1-14

Cost of Investment$640,000

Fair value of net identifiable assets $510,000Total differential

$340,000

Excess of cost over fair value of net identifiable assets$130,000

Excess of fair value over book value of net identifiable assets $210,000

Book value of net identifiable assets $300,000

Point Corporation IllustrationPoint Corporation Illustration – PSAK Lama – PSAK Lama

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1-15

Point Corporation IllustrationPoint Corporation Illustration PSAK Lama PSAK Lama

The $40,000 of other acquisition costs associated with the combination and the $25,000 of stock issue costs may be recorded in separate temporary “suspense” accounts as incurred:

The $40,000 of other acquisition costs associated with the combination and the $25,000 of stock issue costs may be recorded in separate temporary “suspense” accounts as incurred:

Deferred Merger Costs 40,000Cash40,000

Record costs related to purchase of Sharp Company.

Deferred Stock Issue Costs 25,000Cash25,000

Record costs related to issuance of common stock.

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1-16

Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000

Current Liabilities 110,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Merger Costs 40,000Deferred Stock Issue Costs 25,000

Jurnal Legal Merger

fair value

fair valuefair value

fair value

fair value

fair value

book valuefair value

Goodwill 130,000

Point Corporation Point Corporation PSAK LamaPSAK Lama

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1-17

Investment in Subsidiary 640,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Merger Costs 25,000Deferred Stock Issue Costs 25,000

Jurnal Akuisisi SahamAset, liabilitas dan goodwill akan dicatat saat dibuat laporan konsolidasi

Point Corporation Point Corporation PSAK LamaPSAK Lama

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1-18

Cost of Investment$600,000

Fair value of net identifiable assets $510,000Total differential

$300,000

Excess of cost over fair value of net identifiable assets$90,000

Excess of fair value over book value of net identifiable assets $210,000

Book value of net identifiable assets $300,000

Point Corporation IllustrationPoint Corporation Illustration PSAK BaruPSAK Baru

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1-19

Point Corporation IllustrationPoint Corporation Illustration PSAK BaruPSAK Baru

The $40,000 of other acquisition costs associated with the combination recorded as current expense and the $25,000 of stock issue costs recorded as follow PSAK 50&55 :

The $40,000 of other acquisition costs associated with the combination recorded as current expense and the $25,000 of stock issue costs recorded as follow PSAK 50&55 :

Operating Expense 40,000Cash40,000

Record costs related to purchase of Sharp Company.

Deferred Stock Issue Costs 25,000Cash25,000

Record costs related to issuance of common stock.

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1-20

Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000

Current Liabilities 110,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Stock Issue Costs 25,000

Jurnal Legal Merger

fair value

fair valuefair value

fair value

fair value

fair value

book valuefair value

Goodwill 90,000

Point Corporation Point Corporation PSAK BaruPSAK Baru

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1-21

Investment in Subsidiary 600,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Stock Issue Costs 25,000

Jurnal Akuisisi SahamAset, liabilitas dan goodwill akan dicatat saat dibuat laporan konsolidasi

Point Corporation Point Corporation PSAK Baru PSAK Baru

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1-22

On January 1, 20X1, Point Corporation purchases 80% the assets and liabilities of Sharp Company in a statutory merger by issuing to Sharp 80,000 shares of $10 par value common stock. The shares issued have a total market value of $480,000. Point incurs legal and appraisal fees of $40,000 (for a total purchase price of $640,000) in connection with the combination and stock issue costs of $25,000.

Fair value of stock issued $480,000 Stock issue costs -25,000Recorded amount of stock $455,000

Point Corporation IllustrationPoint Corporation Illustration - Baru - Baru

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1-23

Cost of Investment$600,000

Fair value of net identifiable assets $510,000Total differential

$300,000

Excess of cost over fair value of net identifiable assets$90,000

Excess of fair value over book value of net identifiable assets $210,000

Book value of net identifiable assets $300,000

Point Corporation Point Corporation Goodwill TotalGoodwill Total

Cost of Investment$480,000 =80%

Maka 480,000/0,8= $600.000

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1-24

Nilai akuisisi 480.000 80%, Net Asset 80%Total akuisisi 480.000/0,8 = 600.000

Non Controlling Interest = 20% x 600.000 = 120.000Goodwill = 90.000 72.000 CI

18.000 NCI

Point Corporation GPoint Corporation Goodwill Totaloodwill Total

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1-25

Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000

Current Liabilities 110,000Common Stock 80,000Additional Paid-In Capital 375,000Deferred Stock Issue Costs 25,000Non Controlling Interest 120.000

Jurnal Legal Merger

fair value

fair valuefair value

fair value

fair value

fair value

book valuefair value

Goodwill 90,000

Point Corporation Point Corporation Goodwill TotalGoodwill Total

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1-26

Cost of Investment$480,000

Fair value of net identifiable assets $510,000 x 80%

408.000

Total differential$240,000

Excess of cost over fair value of net identifiable assets$72,000

Excess of fair value over book value of net identifiable assets $168.000

Book value of net identifiable assets $240,000

Point Corporation GPoint Corporation Goodwill Parsialoodwill Parsial

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1-27

Nilai akuisisi 480.000 80%, Nilai net asset 80%x510.000 = 408.000Goodwill = 72.000

Non Controlling Interest = 20% x 510.000 = 102.000

Point Corporation NPoint Corporation NCI – Goodwill ParsialCI – Goodwill Parsial

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1-28

Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000

Current Liabilities 110,000Common Stock 80,000Additional Paid-In Capital 375,000Deferred Stock Issue Costs 25,000Non Controlling Interest 102.000

Jurnal Legal Merger

fair value

fair valuefair value

fair value

fair value

fair value

book valuefair value

Goodwill 72,000

Point Corporation Point Corporation Goodwill ParsialGoodwill Parsial

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4-29

AssetsCash $ 350,000 $ 50,000 Accounts Receivable 75,000 50,000 Inventory 100,000 60,000 Land 175,000 40,000 Buildings and Equipment 800,000 600,000 Accumulated Depreciation (400,000 (300,000

Total Assets $1,100,000 $500,000 Liabilities and Stockholders’ Equity

Accounts Payable $ 100,000 $100,000 Bonds Payable 200,000 100,000 Common Stock 500,000 200,000 Retained Earnings 300,000 100,000

Total Liabilities and Stockholders’ Equity $1,100,000 $500,000

Balance Sheets Before CombinationBalance Sheets Before Combination Peerless Special Foods

) )

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4-30

Investment cost $300,000 Book value:

Common stock--Special Foods $200,000Retained earnings--Special Foods100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $ -0-

Investment cost $300,000 Book value:

Common stock--Special Foods $200,000Retained earnings--Special Foods100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $ -0-

January 1, 20X1 entry:E(1) Investment in Special Foods Stock 300,000

Cash 300,000 Record purchase of Special Foods stock.

P

S

100%

Full Ownership Purchased at Book ValueFull Ownership Purchased at Book Value

)

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4-31

Balance Sheets After CombinationBalance Sheets After Combination

AssetsCash $ 50,000 $ 50,000 Accounts Receivable 75,000 50,000 Inventory 100,000 60,000 Land 175,000 40,000 Buildings and Equipment 800,000 600,000 Accumulated Depreciation (400,000 (300,000Investment in Special Foods Stock 300,000

Total Assets $1,100,000 $500,000 Liabilities and Stockholders’ Equity

Accounts Payable $ 100,000 $100,000 Bonds Payable 200,000 100,000 Common Stock 500,000 200,000 Retained Earnings 300,000 100,000

Total Liabilities and Stockholders’ Equity$1,100,000 $500,000

Peerless Special Foods

) )

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4-32

Cash 50,000 50,000 100,000Accounts Rec. 75,000 50,000 125,000Inventory 100,000 60,000 160,000Land 175,000 40,000 215,000Bldg. and Equip. 800,000 600,000 1,400,000Inv. in Sp. Foods 300,000Total Debits 1,500,000 800,000 2,000,000

Accum. Depr. 400,000 300,000 700,000Accounts Payable 100,000 100,000 200,000Bonds Payable 200,000 100,000 300,000Common Stock 500,000 200,000 500,000Retained Earn. 300,000 100,000 300,000Total Credits 1,500,000 800,000 2,000,000

100% Purchase at Book Value100% Purchase at Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

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4-33

Cash 50,000 50,000 100,000Accounts Rec. 75,000 50,000 125,000Inventory 100,000 60,000 160,000Land 175,000 40,000 215,000Bldg. and Equip. 800,000 600,000 1,400,000Inv. in Sp. Foods 300,000 (2) 300,000Total Debits 1,500,000 800,000 2,000,000

Accum. Depr. 400,000 300,000 700,000Accounts Payable 100,000 100,000 200,000Bonds Payable 200,000 100,000 300,000Common Stock 500,000 200,000 (2)200,000 500,000Retained Earn. 300,000 100,000 (2)100,000 300,000Total Credits 1,500,000 800,000 300,000 300,000 2,000,000

100% Purchase at Book Value100% Purchase at Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

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4-34

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

Cash 50,000 50,000 100,000Accounts Rec. 75,000 50,000 125,000Inventory 100,000 60,000 160,000Land 175,000 40,000 215,000Bldg. and Equip. 800,000 600,000 1,400,000Inv. in Sp. Foods 300,000 300,000Total Debits 1,500,000 800,000 2,000,000

Accum. Depr. 400,000 300,000 700,000Accounts Payable 100,000 100,000 200,000Bonds Payable 200,000 100,000 300,000Common Stock 500,000 200,000 200,000 500,000Retained Earn. 300,000 100,000 100,000 300,000Total Credits 1,500,000 800,000 300,000 300,000 2,000,000

100% Purchase at Book Value100% Purchase at Book Value

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4-35

Common Stock--Special Foods200,000Retained Earnings 100,000

Investment in Special Foods Stock 300,000

Eliminate investment balance.

Elimination Entry E(2)Elimination Entry E(2)

Entry E(2)

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4-36

Errors or omissions on the books of the subsidiary

Excess of fair value over the book value of the subsidiary’s net identifiable assets

Existence of goodwill Other reasons

Purchase At More Than Book ValuePurchase At More Than Book Value

Reasons the purchase price of a company’s stock might exceed the stock’s book value:Reasons the purchase price of a company’s stock might exceed the stock’s book value:

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Purchase At More Than Book ValuePurchase At More Than Book Value

January 1, 20X1 entry:E(3) Investment in Special Foods Stock 340,000

Cash 340,000 Record purchase of Special Foods stock.

P

S

100%

Investment cost $340,000 Book value:

Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $ 40,000

Investment cost $340,000 Book value:

Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $ 40,000

)

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Purchase At More Than Book ValuePurchase At More Than Book Value

The elimination entry on the workpaper would be:E(4) Common Stock--Special Foods 200,000

Retained Earnings 100,000Differential 40,000

Investment in Special Foods Stock 340,000

P

S

100%

Investment cost $340,000 Book value:

Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $ 40,000

Investment cost $340,000 Book value:

Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $ 40,000

)

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4-39

Cash 60,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 125,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 340,000DifferentialTotal Debits 1,500,000 800,000

Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000

Purchase At More Than Book ValuePurchase At More Than Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

(4) 40,000

(4)200,000(4)100,000

(4) 340,000

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4-40

Purchase At More Than Book ValuePurchase At More Than Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

Cash 85,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 340,000DifferentialTotal Debits 1,500,000 800,000

Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000

(4) 40,000

(4)200,000(4)100,000

(4) 340,000

(5) 40,000

(5) 40,000

380,000 380,000

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4-41

Purchase At More Than Book ValuePurchase At More Than Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

Cash 85,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 340,000DifferentialTotal Debits 1,500,000 800,000

Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000

(4) 40,000

(4)200,000(4)100,000

(4) 340,000

(5) 10,000(5)10.000(5) 20.000

(5) 40,000

380,000 380,000

135,000125,000170,000150,000

1,420,000

2,000,000

700,000200,000300,000500,000300,000

2,000,000

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4-42

Elimination Entry E(5)Elimination Entry E(5)

Inventory 10,000

Land 10,000

Building 20,000

Differential 40,000

Entry E(5)

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4-43

Investment cost $400,000 Book value:

Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $100,000

Investment cost $400,000 Book value:

Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000

$300,000Peerless’s share x 1.00 (300,000

Differential $100,000

P

January 1, 20X1 entry:

E(7) Investment in Special Foods Stock 400,000 Bonds Payable 100,000 Cash 300,000

Record purchase of Special Foods stock.

S

100%

Debit DifferentialDebit Differential - Goodwill - Goodwill

)

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4-44

Debit DifferentialDebit Differential

Fair value of net identifiable assets $340,000

Total differential$100,000

Excess of cost over fair value of net identifiable assets$60,000

Excess of fair value over book value of net identifiable assets $30,000

Book value of net identifiable assets $300,000

Cost of investment $400,000

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4-45

DifferentialDifferential Allocation AllocationThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:E(8) Common Stock--Special Foods 200,000

Retained Earnings 100,000 Differential 100,000

Investment in Special Foods Stock 400,000 Eliminate investment balance.

E(9) Inventory 10,000 Land 10,000 Building 20,000 Goodwill 60,000

Differential 100,000 Assign differential.

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4-46

Purchase At More Than Book ValuePurchase At More Than Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

Cash 25,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 400,000DifferentialGoodwillTotal Debits 1,500,000 800,000

Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000

(4) 40,000

(4)200,000(4)100,000

(4) 400,000

(5) 10,000(5)10.000(5) 20.000

(5) 40,000

380,000 380,000

75,000125,000170,000150,000

1,420,000

60.0002,000,000

700,000200,000300,000500,000300,000

2,000,000

(5) 60,000

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4-47

Investment cost purchase 80% $400,000 Book value:

Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000

$300,000Milik Controlling Interset 80% 240.000Total Differential $160,000 Alokasi ke fair value 80% x 40.000 32.000Goodwill 128.000Total Fair Value 340.000Investment 400.000Milik Controlling interest 80% 272.000Total BV 128,000

Investment cost purchase 80% $400,000 Book value:

Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000

$300,000Milik Controlling Interset 80% 240.000Total Differential $160,000 Alokasi ke fair value 80% x 40.000 32.000Goodwill 128.000Total Fair Value 340.000Investment 400.000Milik Controlling interest 80% 272.000Total BV 128,000

P

S

80%

Debit DifferentialDebit Differential – PSAK Lama – PSAK Lama

)

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4-48

Debit DifferentialDebit Differential

Fair value of net identifiable assets $340,00080% 272.000

Total differential$160,000

Excess of cost over fair value of net identifiable assets$128,000

Excess of fair value over book value of net identifiable assets $32,000

Book value of net identifiable assets $300,000 80% 240.000

Cost of investment $400,000 – 80%

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4-49

DifferentialDifferential Allocation AllocationThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:

E(8) Common Stock--Special Foods 200,000 Retained Earnings 100,000 Differential 160,000

Investment in Special Foods Stock 400,000Non Controlling Interest (300.000 x 20%) 60,000

Eliminate investment balance.E(9) Inventory 8,000

Land 8,000 Building 16,000 Goodwill 128,000

Differential 160,000 Assign differential.

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4-50

Purchase At More Than Book ValuePurchase At More Than Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

Cash 25,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 400,000DifferentialGoodwillTotal Debits 1,500,000 800,000

Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Non Controlling IntCommon Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000

(4) 40,000

(4)200,000(4)100,000

(4) 400,000

(5) 8,000(5)8.000(5) 6.000

(5) 40,000

380,000 380,000

75,000125,000168,000148,000

1,416,000

128.0002,000,000

700,000200,000300,00060,000

500,000300,000

2,000,000

(5) 160,000

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4-51

Investment cost purchase 80% $400,000 Total Investment 100% 500.000

Book value:Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000

$300,000Total BV (300,000

Differential $200,000

Investment cost purchase 80% $400,000 Total Investment 100% 500.000

Book value:Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000

$300,000Total BV (300,000

Differential $200,000

P

January 1, 20X1 entry:

E(7) Investment in Special Foods Stock 400,000 Bonds Payable 100,000 Cash 300,000

Record purchase of Special Foods stock.

S

100%

Debit DifferentialDebit Differential – Full Goodwill – Full Goodwill

)

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4-52

Debit DifferentialDebit Differential

Fair value of net identifiable assets $340,000

Total differential$200,000

Excess of cost over fair value of net identifiable assets$160,000

Excess of fair value over book value of net identifiable assets $40,000

Book value of net identifiable assets $300,000

Cost of investment $400,000 – 80%

500.000 – 100%

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DifferentialDifferential Allocation AllocationThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:

E(8) Common Stock--Special Foods 200,000 Retained Earnings 100,000 Differential 200,000

Investment in Special Foods Stock 400,000Non Controlling Interest 100,000

Eliminate investment balance.E(9) Inventory 10,000

Land 10,000 Building 20,000 Goodwill 160,000

Differential 200,000 Assign differential.

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Purchase At More Than Book ValuePurchase At More Than Book Value

Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated

Cash 25,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 400,000DifferentialGoodwillTotal Debits 1,500,000 800,000

Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Non Controlling IntCommon Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000

(4) 40,000

(4)200,000(4)100,000

(4) 400,000

(5) 10,000(5)10.000(5) 20.000

(5) 40,000

380,000 380,000

75,000125,000170,000150,000

1,420,000

160.0002,000,000

700,000200,000300,000100,000500,000300,000

2,000,000

(5) 160,000

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Debit Differential - PartialDebit Differential - Partial

Fair value of net identifiable assets $340,000340.000x80%=272.000

Total differential$168,000160.000 induk8.000 NCI

Excess of cost over fair value of net identifiable assets$128,000

Excess of fair value over book value of net identifiable assets $32,0008.000 NCI

Book value of net identifiable assets $240,000

Cost of investment $400,000 – 80%

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DifferentialDifferential Allocation Allocation - Partial - PartialThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:

E(8) Common Stock--Special Foods 200,000 Retained Earnings 100,000 Differential 168,000

Investment in Special Foods Stock 400,000Non Controlling Interest 68,000

Eliminate investment balance.E(9) Inventory 10,000

Land 10,000 Building 20,000 Goodwill 128,000

Differential 168,000 Assign differential.

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Dwi Martani081318227080/08161932935

[email protected]; [email protected] Akuntansi FEUI

1-2 Juni 2010Workshop dan Diskusi “Pengaruh IFRS terhadap Silabus dan Materi Pengajaran Akuntansi serta Workshop "PSAK

Terbaru"

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