Professional Documents
Culture Documents
Pertemuan 1 - Hutang Lancar
Pertemuan 1 - Hutang Lancar
Pertemuan 1 - Hutang Lancar
Definition
Ref. PSAK 57
2
Criteria:
• Completion of liabilities is expected to occur in
the company's normal operating cycle
• due time be completed within 12 months after
the reporting period
• do not have unconditional rights to delay
settlement for at least 12 months after the
reporting period.
Ref. PSAK 1
3
Types of Current Liability
Accounts payable.
Customer advances and
Notes payable. deposits.
Bank Loan Unearned revenues.
Current maturities of long- Sales taxes payable.
term debt.
Income taxes payable.
Short-term obligations
Employee-related liabilities.
expected to be refinanced.
Dividends payable.
4
Account Payable
• The amount that has not been paid for the goods or services
that have been delivered or completed from the supplier.
• Recognized on the date of delivery of goods / completion of
services.
• Transaction doc→ purchase invoice
• Purchase agreements for example 2/10, n / 30.
5
Ilustration:
• PT Excellent bought merchandise on credit on April 1, 2017 at Rp.
28,000,000. Terms applied was 2/10 n / 30.
1 April 2017
Purchase/Inventory 28.000.000
Account Payable 28.000.000
Paid on 10 April 2017
Account Payable 28.000.000
Cash 27.440.000
Discount/Inventory 560.000
Paid on 15 April 2017
Account Payable 28.000.000
Cash 28.000.000
6
Notes Payable
7
Illustration – Interest-bearing-notes
1 Agustus 2017
Notes Payable 28.000.000
Interest Expense 700.000
Cash 28.700.000
9
Illustration – Zero interest-bearing-notes
PT. Excellent paid off its account payable of Rp 28.000.000 on 1 May
2018 by issuing zero interest bearing notes of Rp 30.800.000. Due in
360 days.
1 May 2017
Account Payable 28.000.000
Notes Payable 28.000.000
31 December 2017
Interest Expense 1.867.000
Notes Payable 1.867.000
1 May 2018
Interest Expense 933.000
Notes Payable 933.000
Notes Payable 30.800.000
Cash 30.800.000
10
Bank-Short Term Debt
• Interest is applied
• Transaction costs will increase debt amount and provision will
reduce the value of debt.
• The interest rate is recalculated to obtain an effective interest
rate.
• Effective interest rates are used to calculate interest
11
Illustration
PT. Kenanga received liabilities from Perungg Bank on 1 October 2X13 Rp
100.000.000, provision 4%. Interest 15% paid at its due date on 1 October 2014.
Efective interest rate =19.79%
1 October 2X13
Cash 96.000.000
Bank Loan 96.000.000
31 Desember 2X13 – bunga (3/12*19,79%*96.000.000)
Interest expense 4.750.000
Interest payable 4.750.000
Interest payable paid 1 Oktober 2X14
Interest expense 14.250.000
Interest payable 4.750.000
Bank Loan 96.000.000
Cash 115.000.000
12
Prepare the records!
The following are selected 2010 transactions of KC Corporation