UJIAN SARINGAN MASUK

SEKOLAH TINGGI AKUNTANSI NEGARA

PROGRAM DIPLOMA IV KEUANGAN SPESIALISASI AKUNTANSI
TAHUN AKADEMIK 2004/2005
Petunjuk:
1. Pilihlah jawaban sesuai dengan petunjuk di masing-masing bagian soal
2. Jawaban benar bernilai 4(empat); jawaban salah bernilai-l(minus satu), tidak menjawab bernilai 0(nol)
3. Isikan jawaban anda pada lembar jawaban yang disediakan sesuai dengan petunjuk pengisian

ENGLISH scared off by the bombings, After visiting

time: 60 Minutes hospitalized bomb victims, Mandela said, "We
are determined the elections are going to go on. I
I. READING COMPREHENSION want you to look to the future with hope and
confidence-the forces of peace are far more
Reading I. powerful than these madmen."
Each man, say the existentialist The 23 million voters-most of them black-
philosophers, must endure the fate of being were given three days to vote because of the
alone in an absurd, meaningless word. They say newness of voting to most of them. Extra time
that because life has no inherent meaning, it is was given to the elderly, sick and physically
up to individual meaning to his life, to take full handicapped, and South Africans overseas. In
responsibility for his actions, and to make all Wellington, New Zealand, Mandela's niece,
choices consciously, with full knowledge of Nomaza Paintin, the first person to vote, said, "I
their import. The total awareness recommended have cast that first vote. It means a restoration of
by existentialists often lead to cases, for no one dignity..,..for every South African person, for
can be aware of all the implications, both real my grand-father, my grandmother and my father
and symbolic, of his actions. Also, it turns out who is long dead. I feel as if I am voting for
that most people act the way their parents told them."
them to, and most of the exceptions act in direct Because of Mandela's popularity among
opposition to their parents teaching. blacks, who make up 30 million of the 40
million people, the African National Congress
1. According to existentialism, man ... makes was expected to get the most votes. Polls said
all choices in life. that the group, which promised jobs and housing
a. accicdentally to blacks, would get 60 percent of the vote,
b. deliberately giving it a clear National Assembly majority
c. unconsciously and guaranteelng Mandela the presidency.
d. experimentally
4. The South African election ...
2. The author's reservations about a. was the first time black South Africans have
existentialism may be best summarized by voted in 300 years.
saying that... b. changed fromwhite to black rule.
a. life is not inherently meaningless c. meant Nelson Mandela would be the
b. total awareness is impossible country's first president.
c. people's behavior is for the most part d. took place with people afraid of being
parentally determined killed.
d. existentialism asks too much self-
control and self-awareness of people 5. People were given three days to vote...
a. because bomb blasts killed 21 people
3. Which of the following does the author b. to allow overseas South Africans to go home
state or imply? to vote
I. People's actions are always in accord c. because many were voting for the first time d.
with or in opposition to their parent's teaching. because the handicapped and sick didn't
II. We are all alone in an absurd, have a chance to vote
meaningless world.
III. Existentialists stress the importance of 6. Nomaza Paintin, Nelson Mandela's niece
consciousness. voted...
a. I and II a. for her unclejn New Zealand
b. with her grandfather, grandmother and
b. II father
c. III c. on the first election day while overseas
d. II and III d. for her grandfather, grandmother and father

Reading II.
After more than hundred years of white
rule, black south African voted for the first time,
making possible the election of Nelson Mandela
as the country's first black president.
After two straight days of bomb blasts that
killed at least 21 and injured more than 150,
people were afraid of terrorist attack. Mandela,
who was imprisoned 27 years for anti-
government activities, told people not to be
7. Nelson Mandela...
a. was guaranteed being elected president b.
could depend upon three fourth of the black
South African to vote for him
c. promised jobs/and housing to blacks if 60
percent voted for him
d. was afraid many blacks wouldn't vote
because of the bombings
8. According to the passage ... 17. I think George might have swallowed some
a. Nelson Mandela was popular because he medicine; ... ....... We'd better get him to the
was black. emergency room immediately.
b. The South Africmi election was delayed a. otherwise
three days by the bombings b. without
c. Only handicapped, elderly and sick black c. if not
South African were given three days to vote d. if so
d. Nelson Mandela would be president if the
National Congress won a National 18. .. ..... .. known you were going to get so
Assembly majority angry, I never would have told you about this.
a. Had I
II. GRAMMAR REVIEW b. If have
c. If I would have
9. It is believed that Yellowstone Natlonal Park d. Would I have
has at least 10,000 geysers, hot spring, and 19. .. ..... . taking over the leadership of this
steam vents more than ......... ... area in world. project is what made it succeed
a. any others a. Her
b. any other b. She
c. everyother c. She is
d. every area other d. She has been

10. The placing of hands on a keyboard should 20. Julia's ... .. more responsibility and respect
be carefully determined ... ... in order was what turned his life around.
minimize the possibility of wrist strain and a. been giving
Carpal Tunnel Syndrome. b. having been giving
a. the operator of which c. giving
b. from the operator d. been given
c. by the operator
d. the operator who 21. The first pottery makers of the Southwest
learned to coil ropes of clay, ... ... , and harden
11. Dragonflies remain stationary in the air the vessel In a fire.
while... their prey to come near. a. formation of ropes into vessels b. then
a. waited for they formed the ropes into vessels c.
b. they wait forming the ropes into vessels
c. waiting for d. form the ropes into vessels
d. to wait
22. .. .movie Ada Apa Dengan Cinta, the director
12. .. . of their size and weight, grizzly bears are Rudy Sudjarwo won FFB Prize in 2003.
a. His
remarkably nimble animals.
b. By his
a. Animals
c. It was his
b. For animals d. For his
c. As animals
d. To be animals

13. Although drama is a form of literature, ... III. VOCABULARY

from the other types in the way it is presented.
Choose the opposite meaning of the
a. it differs
underlined word.
b. is different
c. despite the difference 23. The graduate committee must be in full
d. but it is different accord in their approval of a dissertation.
a. Indecisive
14. Benny Likumahuwa's rough ... emotional b. unanimous
voice made him stand out as a jazz singer.
c. vocal
a. so
b. but d. sullen
c. nor
d. still 24. Amien Rais is very shrewd in taking
advantage of speaking engagement to
15. Joan of Arc, ... ..... .. defeated the English at campaign for the next election on July 5th.
Orleans but was later burned at the stake for a. clever
witchcraftt. b. stupid
a. Heroine French military c. rash
b. Military French heroine d. crude
c. A French Military heroine
d. French heroine military 25. From Makassar incidence we can see that
cruel treatment to students instigated a
16. We certainly hope that Sutomo ... ... the rebellion to legal government.
scholarship he's applied for. a. tolerant
a. would get b. brutal
b. gets c. dubious
c. had gotten d. reliable
d. would have got
26. Watching European football game on TV precision of electric clocks.
Just makes me exasperated. D
a. alarmed
b. organized 35. Hotel Chefs must often be prepared
c. impatient A
d. enthusiastic to cook meals which meeting the
B C
27. His arrogant personality was considered exacting dietary requirements of the
abrasive. D
a. humble hotel's patrons.
b. low
c. clumsy 36. Echoes occur when sound waves
d. surly A B
strlke a smooth surface and bounces
IV. IDENTIFYING C D
backward.
28. Submarines, long employed for to carry
A B
out military reconnaissance, have found 37. Mass production is the manufacture of
C A
new purpose as vessels dedicated to machineries and other articles in
D B
underwater research. standard sizes and large numbers.
C D
29. One of the direst conseguences at
A B 38. Natural asphalt lakes are find in
increased traffic in urban areas is the A B
C many parts of the world.
Little understood phenomenon known C D
D
as "readrage” 39. Dreams are commonly made up of
A B
30. The proceeds from internet installed on both visual or verbal images.
A B C D
campuses can be used to fund
C 40. Not much people realize that apples
A B
discretionary academic courses
have been cultivated for over 3000
C D
for example art.
years.
D

31. Young whales, like the youth of many

A B
marine mammal species, remain almost
C
completely dependence on their
D
mothers for a period of five years.

32. New gene therapies are already too far

A B
advanced that they are being employed
C
in pre-birth surgery on selected
D
embryos.

33. Malcolm X organlzed the Black Power

A
Movement, and, by publicizing his
B
efforts, bring national attention to
C
important social issues of the day.
D

34. An erratic powerful supply, which varies

A B
by as little as one hertz, will affect the
C
ACCOUNTING
time: 180 MINUTES
Use the following information to answer the
questlon number 1 and 2.
Data concerning the ABC company's Inventory
for the month of March 2002 are as follows
March 1 Opening inventory: 500 units, costing
$.4.50/unit
15 Purchased 400 unlts at $ 5/unit
20 Sales 500 units at $7/unit
24 Purchase 600 units at $5.50/unit
27 Sales SOO-units at $.6.80/unit
30 Purchase 400 units at $ 5.20/unit
1. Assume that the company used a periodic
inventory system and measures its ending
inventory under LIFO. The cost of ending
materials inventory was:
a. $3,000
b. $2,570
c. $3,300
d. $2,750
credit Manufacturing Overhead by
$30,000
b. Debit Work in Process by $35,000 and
credit Manufacturing Overhead by
$35,000
c. Debit Work in Process by $30,000 and
credit Applied Manufacturing Overhead
by $30,000
d. Debit Work in Process by $30,000 and
credit Applied Manufacturing Overhead
by $30,000
Use the followlng Information to anwer the
question number 6
Dayach Manufacture uses machine hours method
to allocate Factory Overhead Cost of Its products.
Data concernlng company's overhead cost during
2003 are as follow:
Budgeted factory overhead cost $ 700.000
Budgeted Machine working
hours 200,000 hours
Actual factory overhead cost $ 680.000
Actual machine working hours 220.000 hours

2. Use the case no. 1 the gross margin during 6. What is under applied or over applied factory
march was: overhead
a. $2,490 a. $70,000 underapplied
b. $2,940 b. $70,000 overapplied
c. $90,000 underapplied
c. $1,940
d. $90,000 overapplied
d. $1,490
Use the following Information to anwer the
Question no. 3 and 4 are based on the following
information: question number 7and 8

During 2002, Astec Corporation has

Brown Company had the following inventories
atthe beginning and end of January 2003: estimated its return on assets 25% from 250,000
units of sales. The company has also estimated
1 Jan 2003 31 Jan 2003 that to sales 250.000 units the company requires $
Direct material $ 72,000 $ 60,000 500,000 for fixed cost and $ 5 variable cost for
Work in process 36,000 24,000 each unit. At the end of the period. Total Assets
Finished goods 108,000 144,000 of the company was $1.500.000, consist of
$500.000 current asset and $1.000.000 long-
the following additional manufacturing cost data term assets.
were available for the month of January 2003:

Direct labor payroll $ 120,000 7. Based on the data above, to achieve estimated
Direct labor rate perhour $ 15 ROA, the sales price of the product should be:
Direct materials purchased $ 168,000 a. $8.50
Factory overhead rate b. $7.50
per direct-laborf hour $ 20 c. $7.05
d. $7.00
3. The cost of goods manufactured for January
2003 was: 8. If you were a manager of marketing
a. $ 424,000 department of Astec Corporation and as a
b. $ 436,000 manager you will receive 5% bonus of
c. $ 460,000 residual income, how much bonus will you
d. $ 475,000 earn if the realization of sales was 95% of
budget.
4. The conversion cost added to production a. $ 13,400
durlng January 2003 was: b. $ 13,437.50
a. $ 120,000 c. $ 16,562.50
b. $ 160,000
c. $ 280,000 d. $ 16,500
d. $ 300,000
9. Cost which are inventoriable are:
5. The direct labor charged to work in process a. Manufacturing costs incucred to
during the reporting period amounts to produce units of output
$20,000 and manufacturing application rate is b. All cost associated with manufacturing
150%. If during the period the actual other than direct labor costs and raw
manufacturing overhead is $35,000, then we material costs
would record the application of c. Costs which are associated with
manufacturing overhead as follows: marketing, shipping, warehousing, and
a. Debit Work In Process by $30,000 and billing activities
 d. The sum of direct labor costs and
factory overhead costs
10. Charles Company had 12,000 units in work-
in-process on January 1, 2003, which was
60% complete’s to conversion cost. During
January, ^ODO-afiits were completed. At
January 31, 2003, 8,000 units remained in
work-in-process, which were 40% complete
as to converslon costs. Materials are added
at the beginnlng of the process. Calculated
using the weighted-average method, the
equivalent units for January for converslon
cost were:
a. 28,000 units
b. 16,000 units
c. 23,200 units
d. 20,800 units
Flops sold 1,500 units. There was no
inventory of product U2 on January 1, 2003.
What would be the change in the dollar
amount of inventory on December 31, 2003, if
the direct costirg method was used instead of
the absorption-costing method?
a. $12,000
b. $1,200
c. $2,000
d. $800
15. Contribution Margin can be found by using
which of the following:
a. Revenue per unit - variable cost per unit
/ Revenue per unit
b. Fixed costs / variable costs
c. Variable cost per unit - revenue per unit
d. Revenue per unit - variable cost per unit

11. Rambo Company has developed the 16. A firm has fixed costs of $ 1,200, and
following regression equation to analyze the contribution per unit of 60p, what is break-
behavior of its maintenance cost (dependent even level of output?
variable, y) based on machine-hours worked a. 1,500 units
(independent variable, x). b. $2,900
c. 2,000 units
d. $1,500
Y= $9,600 + $8X ; and R2 = 0,90
17. Which of the following holds true in the long
Monthly data from the previous 36 months run?
were used to develop this equation. What a. Variable cost always fail
total maintenance cost would Rambo b. Fixed costs become
estlmate for a month in which it plans to c. Fixed costs always Fixed
operate 2,000 machine-hours? d. Variable costs become Fixed Cost
a. $24,000
b. $25,600 Problem for question no. 18 - 20
c. $23,040
d. $24,640 Erickson JM Co., operates a EJM Assembly
processas the second of three processes at its
12. The management of Whopper Factory electronic plant. Direct materials in the EJM
budgeted production of 700,000 units at a Assembly are added at the end of the process.
cost of $1,450,000. If actual production was The following data pertain to the EJM Assembly
650,000 units at a cost of $1,352,000, then Department for Aprll 2004 (The company used
Fifo method):
the whopper’s producfion supervisor was:
a. Effectlve
Work in Process,
b. Efficient beginning inventory 50,000 units
c. Both effective and efficient Transferred in cost -
d. Neither effective nor efficient From previous Dept. (100% complete)
Direct Materials (0% complete)
13. Information on WJ'S Company's Conversion Costs (80% complete)
production costs and direct material costs Transferred-in during
for October 2003 is as follows: current period 200,000 units
Unitproduced 14,500 Completed and transferred out
Actual quantity of direct material purchased during current period 210,000 units
and used 60,000 Ib
Work in process,
Actual cost of direct materials $168,000
ending inventory ?
Unfavorable dlrect ma'terial usage
Transferred-in costs (100% complete)
Variance $6,000
Direct Materials (0% complete)
Standard quantity of direct materials Conversion Costs (40% complete)
per unit 4 Ib
18. Work in process, ending inventory was:
Materials price variance for WJ'S company a. 50.000
during October 2003 is b. 40.000
a. $12,000 (unfavorable) c. 30.000
b. $12,000 (favorable) d. 90.000
c. $11,000,(favorable)
d. $11,000 (unfavorable) 19. The equivalent units for work done in the
current period for Transferred-in Costs was:
14. Flops, Inc., manufactured 1,700 units of a. 200.000
product 2U in 2003. Product 2U's variable b. 210.000
and fixed manufacturing costs per unit were c. 186.000
$10 and $4, respectively. During 2003, d. 120.000
20. The equivalent units for work done in the
current period for Conversion Costs was:
a. 200.000
b. 210.000
c. 186.000
d. 120.000
21. Drs. Sarjana, Ak., BAP., accepted the audit
engagement of PT Koalisi. During the audit,
Sarjana became aware of his lack of
competence required for the engagement.
What should Sarjana do?
a. Disclaim an opinion
b. Issue an adverse opinion
c. Suggest that PT Koalisi engage another
d. CPA to perform the audit
e. Rely on the competence of client
personnel
22. A primary purposes of the audit working
papers is to
a. Aid the auditors in adequately planning
their work
b. Provide a point of reference for future
audit engagements
c. Support the underlying concepts
included in the preparation of the basic
financial statements
d. Support the auditors' opinion
23. Which of the followlng should not normally
be included in the engagement letter for an
audit?
a. A description of the responsibilities of
client personnel to provide assistance
b. An indication of the amount of the audit
fee
c. A description of the limitation of an
audit
d. A listing of the client's branch offices
24. In planning and performing an audit auditors
are concerned about rlsk factors for two
distinct types of fraud, fraudulent financial
reporting and misappropriation of assets.
Which is of the following is a risk factor for
misappropriation of assets?
a. Generous perfdrmance-based
compensation system
b. Management preoccupation with
increased financial performance
c. An unreliable accounting system
d. Strained relationship between
management and the auditors
25. Which of the following would be least likely
to be considered an objectlve of internal
control?
a. Checking the accuracy and reliability of
accounting data.
b. Detecting management fraud
c. Encouraging adherence to managerial
policies
d. Safeguarding assets
26. Which of the following is an element of
sampling risk?
a. Choosing an audit procedure that is
inconsistent with the audit objective
b. concluding that no material
misstatement exists in a materiality
misstated population based on taking a
sample that includes no misstatement
c. Failing to detect an error on a document
that has been inspected by an auditor
d. Failing to perform audit procedures that
are required by the sampling plan
27. In order to guard against the
misapproprlation of company-owned
marketable securities, which of the
following is the best course of action that
can be taken by a company with a large
portfolio of marketable securities?
a. Require that one trustworthy and bonded
employee be responsible for access to
the safe-keeping area where securities
are kept
b. Require that employees who enter and
leave the safekeeping are sign and
record in a log the exact reason for their
access
c. Require that employee involved in the
safekeeping function malntain a
subsidiary control ledger for securities
on a current basis
d. Require that the safekeeping function
for securities be assigned to a bank or
stockbroker that will act as a custodlal
agent
28. Which assertion relating to sales is most
directly addressed when the auditors
compare a sample of shipping documents to
related sales Invoices?
a. Existence or occurrence
b. Completeness
c. Right and obligation
d. Presentation and disclosure
29. For effective internal control, the accounts
payabie department should compare the
information on each vendor's invoice with
a. The receiving report and the purchase
order
b. The receiving report apd"the voucher
c. The vendor's packing slip and the
purchase order
d. The Vendor's packing slip and the
voucher
30. An auditor accepted an engagement to audit
the 20X3 financial statements of PT Stan
Merana and began the fieldwork on October
1, 20X3. PT Stan Merana gave the auditor
the 20X3 financial statements on January
17, 20X4. The auditor completed the
fieldwork on February 15, 20X4 and
delivered the report on February 25, 20X4.
The client's representation letter normally
would be dated:
a. October 1, 20X3
b. December 31, 20X3
c. February 15, 20X4
d. February 25, 20X4
31. A basic premise under underlying the
application of analytical procedures is that
a. The study of financial ratios is an
acceptable alternative to the
investigation of unusual fluctuatlons
b. Statistical tests of financial information
may lead to the discovery of material
errors in the financial statements
c. Plausible relationships among data may
 reasonably be expected to exist and
continue in the absence of knows
conditions to the contrary
d. These procedures cannot replace tests of
balances and transactions
32. Which of the following is ordinarily
designed to detect possible material dollar
errors on the financial statements?
a. Control testing
b. Analytical procedures
c. Computer controls
d. Post-audit working paper review
33. For effective internal control, the accounts
payable department generally should
a. Obliterate the quantity ordered on the
receiving department copy of the
purchase order
b. Establish the agreement of the vendor's
invoice with the receiving report and
purchase order
c. Stamp, perforate, or otherwise cancel
supporting documentation after payment
is mailed
d. Ascertain that an authorized employee
approves requisition as to price, quantity
and quality
34. When there are numerous property and
eauipment transactions during the year, an
auditor who plans to assess control rlsk at a
low level usually performs
a. Analytical ptpcedures for property and
equipment balances at the end of the
year
b. Tests of controls and extensive tests of
property and equipments balances at the
end of the year
c. Analytical prpcedures for the current
year property and equipment
transactions
d. Tests of controls and limited tests of
current year property and equipment
transactions
35. After obtaining an understanding of an
entity's financial reporting controls and
assessing control risk, an auditor may next
a. Perform tests of controls to verify
management's assertions that are
embodied in the financial statements
b. Consider whether evidential matter is
available to support a further reduction
in the assessed level of control risk
c. Apply analytical procedures as
substantive tests to validate the assessed
level of control risk
d. Evaluate whether the internal control
system pollcies and procedures detected
matefial misstatements in the financial
statements.
36. Which of the following models expresses the
general relationship of risks associated with
the auditor's assessment of control risk (CR),
the application of analytical procedures and
other relevant substantive tests (IR), and
overall audit risk (AR), that would lead the
auditor to conclude that additional
substantive tests of details of an account
balance are not necessary?
IR CR AR
a. 20% 40% 10%
b. 20% 60% 5%
c. 10% 70% 4,5%
d. 30% 40% 5,5%
37. The primary purpose of sending a standard
confirmation request to financial institutions
with which the client has done business
during the year is to
a. Detect kiting activities that may
otherwise not be discovered
b. Corroborate information regarding
deposit and loan balances
c. Provide the data necessary to prepare a
d. Reguest information about contingent
liabilities and secured transactions
38. Analytical procedures used in the overall
reyiew stage of an audit generally include
a. Considering unusual or unexpected
account balances that were not
previously identified
b. Performing tests of transactions to
corroborate management's financial
statement asertions
c. Gathering evident concerning account
balances that have not changed from the
prior year
d. Retesting control procedures that
appeared to be ineffective during the
assessment of control risk
39. An auditor should request that an audit
client send a letter of inquiry to those
attorneys who have been consulted
concerning litigation, claims, or
assessments. The primary reason for this
reoquest is to provide
a. The opinion of a specialist as to
whetherloss contingencies that have are
possible, probable, or remote
b. A description of litigation, claims, and
assessments that have a reasonable
possibility of unfavorable outcomes
c. An objectlve appraisal of management's
policies procedures adopted for
identifying and evaluating legal matters
d. The corroboration of the information
furnished by management concerning
litigation, claims, and assessments
40. In which of the following circumstance;
would an auditor most likely add an
explanatory paragraph to the standard report
while not affecting the auditor's unqualified
opinion?
a. The auditor is asked to report on the
balance sheet, but not on the other basic
financial statements
b. There is substantial doubt about the
entity's ability to continufc as a going
concern
c. Management's estimates of the effects of
future events are unreasonable
d. Certain transactions cannot be tested
because of mariagement's records
retention policy
41. Which one of the task below is NOT the
responsibility of Fiscal Authority?
a. To develop the draft of Government
Revenue and Expenditure Budget
 (APBN)
b. To develop the Execution Document of
Government Revenue and Expenditure
Budget
c. To formalize the Execution Document
of Government Revenue and
Expenditure Budget
d. To implement the function of
Government General Treasurer
42. The ownership of Government-Owned
Companies is assigned to
a. The Minister of Government-Owned
Companies
b. The Minister of Finance
c. The Ministers of the sector of the
business of Government-Owned
Companies
d. The Board of Directors representing the
Government
43. The management of government receivable
and payable is assigned to
a. The Director General of Government
Receivable and Payable
b. The Minister of Finance
c. The Ministers or the Head of
Government Institution
d. The Government Treasurer
44. Which one of the principles mentioned
below is a new principle of Government
Financial Management stated in the
Government Finance Law (Undang-Undang
Keuangan Negara)?
a. Yearly Principle
b. Universality Principle
c. Specialty Principle
d. Proportionality Principle
45. The check-and-balance mechanism in the
Government Finance Law states that evety
Minister or Head of Government Institution
acts as
a. CFO (Chief Financial Officer)
b. COO (Chief Operational Officer)
c. Fiscal Manager
d. Budget Manager
46. The Report of the Realization of
Government Revenue and Expenditure
Budget has to be submitted to the Parliament
(DPR) no later than . . . months after the
budget year ended
a. 6
b. 12
c. 18
d. 24
47. Which function of budget that states that
Government Budget shall bedirected to
reduce unemployment and resource,
inefficiency, and to increase the efficiency
and effectiveness of the economy?
a. Planning Function
b. Controlling Functlon
c. Allocating Function
d. Distributing Function
48. According to the Government Finance Law,
the maximum budget deficit allowed, in a
percentage of PDB, is . . .
a. 3%
b. 4%
c. 5%
d. 10%
49. According to the Government Finance Law,
what basis should be used in Government
Accounting?
a. Cash Basis
b. Accrual Basis
c. Modified Cash Basis
d. Cash Basis for revenue accounting and
Accrual Basis for expenditure
accounting
50. Which one of the reports mentioned below
should NOT be included in the
Accountability of the Execution of
Government Revenue and Expenditure
Budget?
a. The Government Budget
Calculation(Perhitungan Anggaran
Negara)
b. The Balance Sheet
c. The Statement of Cash Flow
d. Financial Reports of Government-
Owned Companies
51. Which one of the following is NOT included
in the scope of government treasury
(perbendaharaan negara)?
a. The development of Government
Revenue and Expenditure Budget
b. The execution of Government Revenue
and Expenditure Budget
c. The development of Accountability
Report of the execution of Government
^evenue and Expenditure Budget
d. The implementation of Government
Financlal Accounting
52. Colonialist Law that is replaced by the
Government Treasury Law (Undang-
Undang Perbendaharaan Negara) is ...
a. ICW
b. IBW
c. RAB
d. None of the above
53. The power to examine the material
truthfulness of the evidential letters about
the rights of government creditors
(suppliers) lies in the hand of...
a. The Ministers or the Head of
Government Institution
b. The Minister of Flnance
c. The Government Cash and Treasury
Office
d. The Government Expenditure Treasurer
54. The Minister of Finance has the right to
determine the exchange rate of foreign
currencies to rupiah for the purpose of tax
payment. With this right, the Minister of
Finance acts as a
a. Flscal Manager
b. Monetary Manager
c. Budget/Inventory Administrator
d. Government General Treasurer
55. The authority to check the adequacy of fund
in a specific budget line Is in the hand of...
a. The Ministers or the Head of
Government Institution
b. The Minister of Finance
c. The Government Cash and Treasury
d. Office The Government Expenditure
Treasurer
56. Interest and banking fee for the Government
Money deposited in private banks is
determined by ...
a. The Head of Central Bank together with
the Minister of Finance
b. The Head of Central Bank
c. The Minister of Finance
d. The Private Banks
57. Resources that can be measured in nonetary
terms and are controlled and owned by
Government and are expected to provide
eccnomic/social benefits in the future. This is
a definition of
a. Government Wealth
b. Assets
c. Fund Equities
d. Government Revenue
58. The Institutional Accounting System (Sistem
Akuntansi Instansi) is Implemented by
a. Government Financial Accounting
Agency (BAKUN)
b. The Ministry of Finance
c. The Government Ministries/Institutions
d. Supreme Audit Body (BPK)
59. Regarding to the regulation of funds
deposited in receiptaccount, the Government
Treasury Law states that the balance should be
transferred to
a. the General Cash Account every day
b. the General Cash Account every certain
c. period
d. the Central Bank every day
e. the Central Bank every certain period
60. Which of the following reports is NOT
submitted by the Ministers of the Heads of
Government Institution?
a. Budget Realization Report
b. Balance Sheet
c. Cash Flow Statement
d. Financial Report of Public Service
Agency
61. Government securities that are issued for the
period of less than or equal to 12 months is
called
a. Government Debt Securities
b. Government Treasury Securities
c. Government Bonds
d. Certificate of Bank of Indonesia
62. Which of the following securitles that can be
issued with a coupon Interest?
a. Government Debt Securities
b. Government Treasury Securities
c. Government Bonds
d. Certificate of Bank of Indonesia
63. The objectives of the issuance of
Government Debt Securities are mentioned
below, EXCEPT
a. To finance the defjdt of the Government
Revenue and Expenditure Budget
b. To fund the cash deficit in the beginning
of a budget year
c. To manage the government debt
portfolio
d. To set the general interest rate that
previously done by the Certificate
of Bank of Indonesia
64. The items related to the Government
Debt Securities mentioned below
should have the Parliament's agreement,
EXCEPT
a. maximum proceeds issued
b. the principal and interest payment
c. auction-type and non-auction-type
of Government Debt Securities
sales
d. the issuance of Government Debt
Securities for the purpose of
funding the unanticipated short-
term cash deflcit at the end of
budget year resulting in the
rnaximum proceeds approved
65. One of the objectives of Government Debt
Portfolio Management is
a. To finance the budget deficit
b. To fund a cash shortage
c. To minimize the interest expense
d. To minimize the debt risk
66. Public saving is
a. The government revenue as profit from
BUMN
b. Domestic routine revenue decreased by
routlne expendlture
c. The specia'l government saving in state
bank
d. The government and public saving that
are saved in stated bank
67. Fund of Uang Yang Harus
Dipertanggungjawabkan (Fund of UYHD)
represents the following, EXCEPT a. Pre-
paid from KPKN
b. Petty cashof treasure with imprest fund
system
c. Revolving fund
d. Obtained by SPM-DU
68. SPM GU and SPM GU - NIHIL are not
equal, EXCEPT
a. Accepted by treasurer
b. Replacing of expenditure done by
treasurer
c. Beside answering a, it's also justified of
expenditure by KPKN
d. Beside answering c, it's also a
responsibility of expenditure done by
treasurer
69. Books which are used by treasurer represent
a normal balance, EXCEPT
a. Cr for prepaid expenditure subsidiary
ledger
b. Dr for bank subsidiary ledger
c. Cr for expenditure subsidiary ledger
d. (MAK)
e. Dr for difference subsidiary ledger
70. Revenue of taxes is recorded by
a. Ministry of Finance
b. Bank of Indonesia
c. Ministry of Finance and Bank of
Indonesia
d. All of Ministry / Institution
71. Sistem Akuntansi Pemerintah Pusat (SAPP)
consists of two systems, namely
a. SAU and SAI
b. SAI and SAP
c. SABA -16 and SAKUN
d. SA Regional level and SA Central level
72. The characters of SAPP are the following,
EXCEPT
a. Integrated system
b. Budgeting accounting
c. Double entry book keeping system
d. Multiple funds
73. The functions of national budget such as
APBN included
a. As a guidance for government in
managing public finance in the coming
period
b. As a control tool for representatives in
public policy held by government
c. As a performance monitoring tool for
people in providing public service
managed by government
d. AII answers are correct
74. The new system of Governmental
Accounting for the Republic of Indonesia
(called Sistem Akuntansi Pemerintah Pusat /
SAPP) does not cover the government units
such as the following
a. Government Agencies
b. State Owned Enterprises
c. Ministry of Finance
d. Ministry of Defense
75. The relationship between FASB (Financial
Accounting Standard Board) and GASB
(Governrnental Accounting Standard Board)
is that
a. GASB establishes accounting principles
other than that of business type
enterprises, except for Federal
Government
b. FASB establishes accounting principles
for business type enterprises and Federal
Government
c. GASB establishes accounting principles
for all non profito rganization
d. FASB establishes accounting principles
for all business type enterprises
76. According to the current act of public
finance, the financial statement for the
national budget (APBN) is
a. Balance Sheet
b. Cash Flow Statement
c. Revenue and Expenditure Statement
d. All answers are correct
77. GASB defines a fund as
a. An accounting and fiscal entity
b. Financial sources for state and local
government
c. Answer a and which record the assets,
liability, and fund balance, and the
changes there in
d. All answers above are correct
78. According to the new system of
Governmental Accounting for the Republic
of Indonesia (Sistem Akuntansi Pemerintah
Pusat / SAPP), the sub systems of the SAPP
are
a. Sistem Akuntansi Pusat and Sistem
Akuntansi Instansi
b. Sistem Akuntansi Umum and Sistem
Akuntansl Kas Umum Negara
c. Sistem Akuntansi Bagian Anggaran 16
and Departmental System
d. Sistem Akuntansi BAKUN and Sistem
Akuntansi Pusat
79. The valuation of fixed assets in the
governmental accounting Is recorded on
a. Market value basis
b. Cost basls
c. Either market or cost basls which
is lower
d. Non of above is correct
80. Long term debt of the accounting entity of
the central government of the Republic of
Indonesia is considered as
a. The credit slde in the balance sheet
b. The separated account of the balance
sheet
c. The account that is outside of the SAPP
d. As the complement of the SAPP
81. Badan Akuntansi Keuangan Negara
(BAKUN) is the standard setting bod for
a. Central Government
b. Provincial Governments
c. Other Local Governments
d. All answers are correct
82. Sistem Akuntansi Kas Umum Negara
(SAKUN) records the transaction of:
a. The cash inflow and cash outflow from
KPKN
b. The cash inflow and cash outflow from
the treasury
c. The budget
d. Fixed assets
83. Which statement below is correct about
Surat Perintah Membayar Dana UYHD
(SPM DU)
a. SPM DU has not been recognized as
expenditure.
b. To propose a SPM DU, a treasurer
collects invoice fom third parties as the
compliment documents
c. SPM DU received by a treasurer will not
be recorded in the General Cash
Recording
d. SPM DU is only used in routine budget
accounts, not for others
84. Revenues are recognized when
a. Available and measurable
b. Available in cash
c. Earning process has occurred
d. Non of above
85. In Buku Kas Umum, an advance to suppliers
is recorded in
a. The debit side of BKU
 b. No recording, because an advance is not
a deflnitive expenditure
c. The separated balance
d. The credit side of BKU
86. Which of the following is a turn-around
document?
a. remittance advice
b. sales order
c. purchase order
d. payroll check
87. For an action to be called fraudulent, all of
the following conditions are required,
EXCEPT
a. poor judgment
b. false representation
c. Intent to deceive
d. injury and theft
88. Who is responsible for establishing and
maintaining the internal control system?
a. the internal auditor
b. the accountant
c. management
d. the external auditor
89. When duties cannot be segregated, the most
Impoitant internal control procedure is
a. Supervislon
b. Independent verification by external
auditor
c. Access controls
d. Accounting records
90. The purchaser prepares which of the
following documents when accepting a
shipment
a. purchase return form
b. material requisition
c. bill of lading
d. receiving report
91. A check written to a part-time worker for
$100,000 would probably fail the
a. value test
b. length test
c. limit test
d. hash total test
92. An example of a hash total is
a. total gross wages
b. total number of employees
c. sum of social security numbers
d. total net wages
93. Steady loss owing to higher costs of
materiais and supplies is probably due to
a. lost discounts on quantity purchases b.
unsupervised programmers
c. unqualified programmers
d. inattention to data file back-up
94. Passwords for access to computer-based
information is an example of
a. logical access security
b. environment access security
c. physical access security
d. technical access security
95. The followings are the sub systems of a
pharmacy store (apotek), EXCEPT
a. Accounting System Proper
b. Cost Accounting System
c. Sales and Receiving System
d. Purchase and Payment System
96. The following is the characteristic of a good
internal control system
a. Annual flnancial audit conducted by an
accounting firm
b. The fact that the organization is exist
c. The fact that corporate good practices
are implemented
d. The fact that the company has some
procedures
97. The followings are the examples of
implementing good corporate practices,
EXCEPT
a. Cashier takes regular annual leave
b. Providing pre numbered on attendance
sheets
c. Regular post audlt conducted by internal
auditing staffs
d. Changing password regularly
98. In designing codes of ledgers the following
factors should be considered
a. The total Rupiah amounts of the
transactions
b. The total number of all financial
transactions
c. The total number of accounting clerks
d. The total number of similar transaction
99. The function of a voucher in the purchasing
system is
a. to keep track of accounts payables
b. to provide discounts
c. as a media of payments, similar to a
check
d. as a media of payment authorization
100. The followings are not the objectives of a
payroll procedure
a. Calculating salaries
b. Measuring employess' performace
c. Dlstributing wages and salaries
expenses
d. Preparing employees income tax return
101. The major distinction between the Financial
Accounting Standard Board (FASB) and Its
predecessor, the Accounting Principles
Board (APB) is
a. The FASB issues exposure drafts of
proposed standards
b. All members of the FASB are fully
remunerated, serve full time, and
are independent of any companies
or institutions
c. All members of the FASB possess
extensive experience in financial
reporting.
d. A majority of the members of the FASB
are CPAs drawn from public practice
102. During the life time of an entity
accountants produce financial statements at
arbitrary points in time in accordance with
which basic accounting concept?
a. Cost/benefit constraint
 b. Periodicity assumption
c. Conservatisme constraint
d. Matching principle
103. In which journal would a customer's partial
payment on account be recorded?
a. Sales journal
b. Purchases journal
c. General journal
d. Cash payment journal
104. A contingent liability which is normally
accrued is
a. Notes receivable discounted
b. Accommodation endorsements on
customer notes
c. Additional compensation that may be
payable on a dispute now being
arbitrated
d. Estimated claims under a service
warranty on new products sold
105. If a company purchases merchandise on
terms of 2/10, n/30, the cash discount
available is eguivalent to what effective
annual rate of interest (assuming a 360-day
year)?
a. 2%
b. 18%
c. 36%
d. 12%
106. Whlch of thefollowing items should be
included in a company's inventory valuation
at the balance sheet closing date?
a. goods in transit which were purchased
f.o.b. destination
b. goods received from another company
for sale on consignment
c. goods sold to a customer which are
being held for the customer to call for at
his convenience
d. None of the above
107. Bently Company has been using the LIFO
method of inventory valuation for 10 years,
since it began operations. Its 1990 ending
inventory was $32,000, but it would have
been $48,000 if FIFO had been used. Thus,
if FIFO had been used, Bently's income
before income taxes would have been
a. $16,000 greater over the 10 year period
b. $16,000 less over the 10 year period
c. $16,000 greater in 1990
d. None of the above
108. An inventory method which is designed to
approximate inventory valuation at the
lower of cost or market is
a. Last-in, first-out
b. First-in, first-out
c. Conventional retail method
d. None of the above
109. If a unit of inventory has declined in value
below original cost but the market value
exceeds net realizable value, the amount to
be used for purposes of inventory valuation
a. Net realizable value
b. Original cost
c. Market value
d. None of the above
110. A plant site donated by a township to a
manufacturer that plans to open a new
factory should be recorded on the
manufacturer's books at
a. The nominal cost of taking title of it
b. Its market value
c. One dollar (since the site cost nothing
but should be included in ths balance
sheet)
d. None of the above
111. When a closely held corporation issues
preferred stock for land, the land should be
recorded at the
a. Total par value of the stock issued
b. Total book value of the stock issued
c. Total book value of the land on the book
of the previous owner
d. None of the above
112. Barlow Company buys a llft truck with a
list price of $9,000. The dealer grants a 15%
reductlon in list price and an additional 2%
cash discount on the net price if payment is
in 30 days. Sales taxes amount to $225 a nd
the company paid an extra $200 to Toot
Company to have a special hom installed.
What should be the recorded cost off the
truck?
a. $7,497
b. $7,895
c. $7,922
d. None of the above
113. Which of the following methods of
amortization is normally used for intangible
assets?
a. Sum-of-the-years-dlgits
b. Straight-line
c. Units of production
d. None of the above
114. The original cost of an inventory item is
below both replacement,cost and net
realizable value. The net realizable value
less normal profit margin is below the
original cost. Under the lower of cost or
market method, the inventory Item should
be reported at the
a. Original cost
b. Replacement cost
c. Net reallzable value
d. Net realizable value less normal profit
margin
115. Land was purchased to be used as the site
for the construction of a plant. A building on
the property was sold and removed by the
buyer so that construction of the plant could
begin. The proceed from the safe of the
building should be
a. recorded as other income
b. deducted from the cost of the land c.
deducted from the cost of the building d.
add to the cost of the building
116. An investor purchased a bond as a held-to-
maturity investment on January 2. The
Investor's carrying value at the end of the
first year would be highest if the bond
purchased at a
 a. discount and amortized by the straight
line method
b. discount and amortized by the effective
interest method
c. premium and amortized by the straight
line method
d. premium and amortized by the effective
nterest method

117. On January 2003, Pat Corp. sold equipment

with a book value of $14,500 and a
remaining three-year useful life to its 80%
owned subsidiary, Sara Corp. for $16,000. A
consolidated working paper entry on Dec
31, 2003 to eliminate the unrealized profit
from the intercompany sale of equipment
will include
a. A debit to equipment for $1,500
b. A credit to depreciation expense for
$1,500
c. A credit to gain on sale of equipment for
$1,500
d. A debit to gain on sale of equipment for
$1,500

118. On January 2003 A Corp. purchase a 15%

interest in B Corp. common stock for
$50,000 cash. A Corp. account for this
investment using the cost method. B's net
income for 2003 is $20,000 and it declares
no dividends. In 2004 B's net income is
$80,000 and it declares dividends of
$120,000. What is the correct balance of A
statement in B account at Dec 31, 2003?
a. $50,000
b. $47,000
c. $62,000
d. $65,000

119. Durlng 2003, X Co. purchased 1,000 share

equity securities and classified it as available
for sale. The cost and market value of this
securities at Dec 31, 2003 were $17,000 and
$15,300. On January 2004 X sold all of its
securlties for $15/share, incurring $1,500 in
brokerage commission & taxes. On the sale,
X should report a realized loss of
a. $300
b. $3,500
c. $2,000
d. $1,800

120. On January 1999, Cathy Corp. purchased

equipment having an estimated residual
value equal to 20% of its original cost at the
end of a 10-year life. On Dec, 2003 the
equipment was sold fdr 50% of its original
cost. If the equipmerit's dlsposition resulted
in a reported loss, which of the following
depreciation methods did Cathy use?
a. double declining balance
b. sum of years dlgit
c. composite
d. straight line

scanned and edited by

01360011057