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

ILUSTRASI
1-2 Juni 2010

SAK Kerjasama Usaha

2

Co-operations Separate legal entity Joint control Not joint control Not separate legal entity Joint control Not joint control

JCE
PSAK 12

FI
PSAK 55

Associ ate
PSAK 15

Subsidia ry
PSAK 4

JCO

JCA

BTO
PSAK 39

BO T

PSAK 12

Apakah kombinasi bisnis

3

Kelompok Aset Alokasi biaya perolehan pada tanggal akuisisi pada: aset, liabilitas

Aset tunggal Terapkan PSAK terkait PSAK 16 atau PSAK 13

Apakah kombinasi Bisnis (B7-12) PSAK 15 atau 12

Akuisisi Aset Kombinasi Bisnis TIDAK ADA

Pengendalian Faktor yang mempengaruhi ADA Pengendalian Ada PSAK 22

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

1-2 Juni 2010

Identify the Acquirer

4

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)
Owners of Company B (Legal subsidiary)

Exchange of shares in a reverse acquisition

1. Company A (Legal parent) takes over shares of Company B from owners 2. Company A issues own shares to Company A owners of Company B as purchase (Legal parent) consideration 3. Company B has the power to govern the financial and operating policies of the legal parent

Company B (Legal subsidiary)

Tan & Lee Chapter 3

2009

Illustration 1: Fair Value of Equity Issued

5

P Ltd acquires 100% of S Co through an issue of 5,000,000 shares to the vendors of S Co.
P Ltd Number of existing shares Number of new shares issued Market price per share Fair value of equity 10,000,000 5,000,000 $2.00 $24,000,000 S Co 2,000,000 $9,000,000

2009

Tan & Lee Chapter 3

Illustration 1: Fair Value of Equity Issued

6

Q1: P Ltds market price is a reliable indicator

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

Q2: P Ltds 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

2009

Tan & Lee Chapter 3

Ilustrasi Tanggal Akuisisi

7

2009

Tan & Lee Chapter 3

Ilustrasi Biaya Akuisisi

8

2009

Tan & Lee Chapter 3

Menghitung NCI
9

2009

Tan & Lee Chapter 3

Menghitung Goodwill
10

Bargain Purchase
11

2009

Tan & Lee Chapter 3

Point Corporation Illustration

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 Stock issue costs Recorded amount of stock
1-12

$600,000 -25,000 $575,000

Point Corporation Illustration

Assets, Liabilities, and Equities Book Value Fair Value

Cash and Receivables Inventory Land Buildings and Equipment Accumulated Depreciation Patent Total Assets Current Liabilities Common Stock ($5 par) Additional Paid-In Capital Retained Earnings Total Liabilities and Equities Fair value of Net Assets

$ 45,000 65,000 40,000 400,000 (150,000 ) $400,000 $100,000 100,000 50,000 150,000 $400,000
1-13

$ 45,000 75,000 70,000 350,000 80,000 $620,000 $110,000

$510,000

Point Corporation Illustration PSAK Lama

Cost of Investment $640,000 Excess of cost over fair value of net identifiable assets $130,000

Total differential $340,000

Fair value of net identifiable assets $510,000

Excess of fair value over book value of net identifiable assets $210,000 Book value of net identifiable assets $300,000

1-14

Point Corporation Illustration PSAK Lama

The $40,000 of other acquisition costs associated with The $40,000 of other acquisition costs associated with the combination and the $25,000 of stock issue costs the combination and the $25,000 of stock issue costs may be recorded in separate temporary suspense may be recorded in separate temporary suspense accounts as incurred: accounts as incurred:
Deferred Merger Costs Cash Record costs related to purchase of Sharp Company. Deferred Stock Issue Costs Cash Record costs related to issuance of common stock.
1-15

40,000 40,000

25,000 25,000

Point Corporation PSAK Lama

Cash and Receivables Inventory Land Buildings and Equipment Patent Goodwill Current Liabilities Common Stock Additional Paid-In Capital Deferred Merger Costs Deferred Stock Issue Costs Jurnal Legal Merger
fair value fair value fair value fair value fair value fair value book value fair value

45,000 75,000 70,000 350,000 80,000 130,000 110,000 100,000 475,000 40,000 25,000

1-16

Point Corporation PSAK Lama

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

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

1-17

Point Corporation Illustration PSAK Baru

Cost of Investment $600,000
Excess of cost over fair value of net identifiable assets $90,000

Total differential $300,000

Fair value of net identifiable assets $510,000

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

Book value of net identifiable assets $300,000

1-18

Point Corporation Illustration PSAK Baru

The $40,000 of other acquisition costs associated with The $40,000 of other acquisition costs associated with the combination recorded as current expense and the the combination recorded as current expense and the $25,000 of stock issue costs recorded as follow PSAK $25,000 of stock issue costs recorded as follow PSAK 50&55 :: 50&55
Operating Expense Cash Record costs related to purchase of Sharp Company. Deferred Stock Issue Costs Cash Record costs related to issuance of common stock.
1-19

40,000 40,000

25,000 25,000

Point Corporation PSAK Baru

Cash and Receivables Inventory Land Buildings and Equipment Patent Goodwill Current Liabilities Common Stock Additional Paid-In Capital Deferred Stock Issue Costs Jurnal Legal Merger
fair value fair value fair value fair value fair value fair value book value fair value

45,000 75,000 70,000 350,000 80,000 90,000 110,000 100,000 475,000 25,000

1-20

Point Corporation PSAK Baru

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

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

1-21

Point Corporation Illustration - Baru

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 Stock issue costs Recorded amount of stock
1-22

$480,000 -25,000 $455,000

Point Corporation Goodwill Total

Cost of Investment $480,000 =80% Maka 480,000/0,8= $600.000 Cost of Investment $600,000
Excess of cost over fair value of net identifiable assets $90,000

Total differential $300,000

Fair value of net identifiable assets $510,000

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

Book value of net identifiable assets $300,000

1-23

Point Corporation Goodwill Total

Nilai akuisisi 480.000 80%, Net Asset 80% Total akuisisi 480.000/0,8 = 600.000 Non Controlling Interest = 20% x 600.000 = 120.000 Goodwill = 90.000 72.000 CI 18.000 NCI

1-24

Point Corporation Goodwill Total

Cash and Receivables Inventory Land Buildings and Equipment Patent Goodwill Current Liabilities Common Stock Additional Paid-In Capital Deferred Stock Issue Costs Non Controlling Interest Jurnal Legal Merger
fair value fair value fair value fair value fair value fair value book value fair value

45,000 75,000 70,000 350,000 80,000 90,000 110,000 80,000 375,000 25,000 120.000

1-25

Point Corporation Goodwill Parsial

Cost of Investment $480,000
Excess of cost over fair value of net identifiable assets $72,000

Total differential $240,000

Fair value of net identifiable assets $510,000 x 80% 408.000

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

Book value of net identifiable assets $240,000

1-26

Point Corporation NCI Goodwill Parsial

Nilai akuisisi 480.000 80%, Nilai net asset 80%x510.000 = 408.000 Goodwill = 72.000 Non Controlling Interest = 20% x 510.000 = 102.000

1-27

Point Corporation Goodwill Parsial

Cash and Receivables Inventory Land Buildings and Equipment Patent Goodwill Current Liabilities Common Stock Additional Paid-In Capital Deferred Stock Issue Costs Non Controlling Interest Jurnal Legal Merger
fair value fair value fair value fair value fair value fair value book value fair value

45,000 75,000 70,000 350,000 80,000 72,000 110,000 80,000 375,000 25,000 102.000

1-28

Balance Sheets Before Combination

Assets Cash Accounts Receivable Inventory Land Buildings and Equipment Accumulated Depreciation Total Assets Liabilities and Stockholders Equity Accounts Payable Bonds Payable Common Stock Retained Earnings
Total Liabilities and Stockholders Equity
429

Peerless

Special Foods

$ 350,000 75,000 100,000 175,000 800,000 (400,000) $1,100,000 $ 100,000 200,000 500,000 300,000 $1,100,000

$ 50,000 50,000 60,000 40,000 600,000 (300,000) $500,000 $100,000 100,000 200,000 100,000 $500,000

Full Ownership Purchased at Book Value

P Investment cost $300,000 Investment cost $300,000 Book value: Book value: Common stock--Special Foods $200,000 Common stock--Special Foods $200,000 Retained earnings--Special Foods100,000 Retained earnings--Special Foods100,000 $300,000 $300,000 Peerlesss share x 1.00 (300,000) Peerlesss share x 1.00 (300,000 Differential $ -0Differential $ -0-

100%

430

January 1, 20X1 entry: E(1) Investment in Special Foods Stock 300,000 Cash 300,000 Record purchase of Special Foods stock.

Balance Sheets After Combination

Peerless Special Foods Assets Cash $ 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) (300,000) Investment 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 4Total Liabilities and Stockholders Equity$1,100,000 $500,000
31

100% Purchase at Book Value

Account Titles Trial Balance Data Peerless Spec. Foods 50,000 50,000 60,000 40,000 600,000 800,000 300,000 100,000 100,000 200,000 100,000 800,000 Elimination Entries Debits Credits Consolidated 100,000 125,000 160,000 215,000 1,400,000 2,000,000 700,000 200,000 300,000 500,000 300,000 2,000,000

Cash 50,000 Accounts Rec. 75,000 Inventory 100,000 Land 175,000 Bldg. and Equip. 800,000 Inv. in Sp. Foods 300,000 Total Debits 1,500,000 Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Common Stock 500,000 Retained Earn. 300,000 Total Credits 1,500,000
432

100% Purchase at Book Value

Account Titles Trial Balance Data Peerless Spec. Foods 50,000 50,000 60,000 40,000 600,000 (2) 300,000 800,000 300,000 100,000 100,000 200,000 (2)200,000 100,000 (2)100,000 800,000 300,000 2,000,000 700,000 200,000 300,000 500,000 300,000 2,000,000 Elimination Entries Debits Credits Consolidated 100,000 125,000 160,000 215,000 1,400,000

Cash 50,000 Accounts Rec. 75,000 Inventory 100,000 Land 175,000 Bldg. and Equip. 800,000 Inv. in Sp. Foods 300,000 Total Debits 1,500,000 Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Common Stock 500,000 Retained Earn. 300,000 Total Credits 1,500,000
433

300,000

100% Purchase at Book Value

Account Titles Trial Balance Data Peerless Spec. Foods 50,000 50,000 60,000 40,000 600,000 300,000 800,000 300,000 100,000 100,000 200,000 100,000 800,000 2,000,000 700,000 200,000 300,000 500,000 300,000 2,000,000 Elimination Entries Debits Credits Consolidated 100,000 125,000 160,000 215,000 1,400,000

Cash 50,000 Accounts Rec. 75,000 Inventory 100,000 Land 175,000 Bldg. and Equip. 800,000 Inv. in Sp. Foods 300,000 Total Debits 1,500,000 Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Common Stock 500,000 Retained Earn. 300,000 Total Credits 1,500,000
434

200,000 100,000 300,000

300,000

Elimination Entry E(2)

Entry E(2)
Common Stock--Special Foods200,000 Retained Earnings 100,000 Investment in Special Foods Stock 300,000 Eliminate investment balance.
435

Purchase At More Than Book Value

436

Reasons the purchase price of a companys stock Reasons the purchase price of a companys stock might exceed the stocks book value:: might exceed the stocks book value
Errors or omissions on the books of the

subsidiary Excess of fair value over the book value of the subsidiarys net identifiable assets Existence of goodwill Other reasons

Purchase At More Than Book Value

P Investment cost $340,000 Investment cost $340,000 Book value: Book value: Common stock--Special Foods$200,000 Common stock--Special Foods$200,000 Retained earnings--Special Foods 100,000 Retained earnings--Special Foods 100,000 $300,000 $300,000 Peerlesss share x 1.00 (300,000 ) Peerlesss share x 1.00 (300,000 Differential $ 40,000 Differential $ 40,000

100%

January 1, 20X1 entry: E(3) Investment in Special Foods Stock 340,000 Cash 340,000 Record purchase of Special Foods stock.
437

Purchase At More Than Book Value

P Investment cost $340,000 Investment cost $340,000 Book value: Book value: Common stock--Special Foods$200,000 Common stock--Special Foods$200,000 Retained earnings--Special Foods 100,000 Retained earnings--Special Foods 100,000 $300,000 $300,000 Peerlesss share x 1.00 (300,000 ) Peerlesss share x 1.00 (300,000 Differential $ 40,000 Differential $ 40,000

100%

438

The elimination entry on the workpaper would be: E(4)Common Stock--Special Foods 200,000 Retained Earnings 100,000 Differential 40,000 Investment in Special Foods Stock 340,000

Purchase At More Than Book Value

Account Titles Cash Accounts Rec. Inventory Land Bldg. and Equip. Inv. in Sp. Foods Differential Total Debits Trial Balance Data Peerless Spec. Foods 60,000 75,000 100,000 125,000 800,000 340,000 1,500,000 50,000 50,000 60,000 40,000 600,000 (4) 340,000 800,000 (4) 40,000 Elimination Entries Debits Credits Consolidated

Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Common Stock 500,000 Retained Earn. 300,000 Total Credits 1,500,000
439

300,000 100,000 100,000 200,000 100,000 (4)200,000 800,000 (4)100,000

Purchase At More Than Book Value

Account Titles Cash Accounts Rec. Inventory Land Bldg. and Equip. Inv. in Sp. Foods Differential Total Debits Trial Balance Data Peerless Spec. Foods 85,000 75,000 100,000 100,000 800,000 340,000 1,500,000 50,000 50,000 60,000 40,000 600,000 800,000 300,000 100,000 100,000 200,000 (4)200,000 100,000 (4)100,000 800,000 380,000 Elimination Entries Debits Credits Consolidated

(5) 40,000 (4) 340,000 (4) 40,000 (5) 40,000

Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Common Stock 500,000 Retained Earn. 300,000 Total Credits 1,500,000
440

380,000

Purchase At More Than Book Value

Account Titles Cash Accounts Rec. Inventory Land Bldg. and Equip. Inv. in Sp. Foods Differential Total Debits Trial Balance Data Peerless Spec. Foods 85,000 75,000 100,000 100,000 800,000 340,000 1,500,000 50,000 50,000 60,000 40,000 600,000 800,000 300,000 100,000 100,000 200,000 (4)200,000 100,000 (4)100,000 800,000 380,000 Elimination Entries Debits Credits Consolidated 135,000 125,000 170,000 150,000 1,420,000 2,000,000 700,000 200,000 300,000 500,000 300,000 2,000,000

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

(4) 340,000 (4) 40,000 (5) 40,000

Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Common Stock 500,000 Retained Earn. 300,000 Total Credits 1,500,000
441

380,000

Elimination Entry E(5)

Entry E(5)
Inventory Land Building Differential
442

10,000 10,000 20,000 40,000

Debit Differential - Goodwill

P Investment cost $400,000 Investment cost $400,000 Book value: Book value: Common stock--Special Foods$200,000 Common stock--Special Foods$200,000 Retained earnings--Special Foods 100,000 Retained earnings--Special Foods 100,000 $300,000 $300,000 Peerlesss share x 1.00 (300,000 ) Peerlesss share x 1.00 (300,000 Differential $100,000 Differential $100,000

100%

443

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.

Debit Differential

Cost of investment $400,000 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

Total differential $100,000

Fair value of net identifiable assets $340,000 Book value of net identifiable assets $300,000

444

Differential Allocation
The 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 Land Building Goodwill Differential Assign differential.
445

10,000 10,000 20,000 60,000 100,000

Purchase At More Than Book Value

Account Titles Cash Accounts Rec. Inventory Land Bldg. and Equip. Inv. in Sp. Foods Differential Goodwill Total Debits Trial Balance Data Peerless Spec. Foods 25,000 75,000 100,000 100,000 800,000 400,000 1,500,000 50,000 50,000 60,000 40,000 600,000 Elimination Entries Debits Credits Consolidated 75,000 125,000 170,000 150,000 1,420,000 60.000 2,000,000 700,000 200,000 300,000 500,000 300,000 2,000,000

(4) 400,000 (4) 40,000 (5) 40,000 (5) 60,000

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

800,000 300,000 100,000 100,000 200,000 (4)200,000 100,000 (4)100,000 800,000 380,000

Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Common Stock 500,000 Retained Earn. 300,000 Total Credits 1,500,000 446

380,000

Debit Differential PSAK Lama

P
Investment cost purchase 80% Investment cost purchase 80% Book value: Book value: Common stock--Special Foods Common stock--Special Foods Retained earnings--Special Foods Retained earnings--Special Foods Milik Controlling Interset 80% Milik Controlling Interset 80% Total Differential Total Differential Alokasi ke fair value 80% xx40.000 Alokasi ke fair value 80% 40.000 Goodwill Goodwill Total Fair Value 340.000 Total Fair Value 340.000 Investment Investment Milik Controlling interest 80% Milik Controlling interest 80% Total BV Total BV $400,000 $400,000 $200,000 $200,000 100,000 100,000 $300,000 $300,000

80%

240.000 240.000 $160,000 ) $160,000 32.000 32.000 128.000 128.000 400.000 400.000 272.000 272.000 128,000 128,000

447

Debit Differential
Cost of investment $400,000 80% Excess of cost over fair value of net identifiable assets $128,000 Total differential $160,000 Fair value of net identifiable assets $340,000 80% 272.000 Book value of net identifiable assets $300,000 80% 240.000
448

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

Differential Allocation
The 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 Non Controlling Interest (300.000 x 20%)

400,000 60,000

Eliminate investment balance.

E(9) Inventory Land Building Goodwill Differential Assign differential.
449

8,000 8,000 16,000 128,000 160,000

Purchase At More Than Book Value

Account Titles Cash Accounts Rec. Inventory Land Bldg. and Equip. Inv. in Sp. Foods Differential Goodwill Total Debits Trial Balance Data Peerless Spec. Foods 25,000 75,000 100,000 100,000 800,000 400,000 1,500,000 50,000 50,000 60,000 40,000 600,000 Elimination Entries Debits Credits Consolidated 75,000 125,000 168,000 148,000 1,416,000 128.000 2,000,000 700,000 200,000 300,000 60,000 500,000 300,000 2,000,000

(4) 400,000 (4) 40,000 (5) 40,000 (5) 160,000

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

800,000 300,000 100,000 100,000 200,000 (4)200,000 100,000 (4)100,000 380,000 800,000

Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Non Controlling Int Common Stock 500,000 Retained Earn. 4300,000 50 Total Credits 1,500,000

380,000

Debit Differential Full Goodwill

P
Investment cost purchase 80% Investment cost purchase 80% Total Investment 100% Total Investment 100% $400,000 $400,000 500.000 500.000 $200,000 $200,000 100,000 100,000 $300,000 $300,000

Book value: Book value:

100%

Common stock--Special Foods Common stock--Special Foods Retained earnings--Special Foods Retained earnings--Special Foods

Total BV Total BV Differential Differential

(300,000 ) (300,000 $200,000 $200,000

451

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.

Debit Differential
Cost of investment $400,000 80% 500.000 100%

Total differential $200,000

Fair value of net identifiable assets $340,000 Book value of net identifiable assets $300,000

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

452

Differential Allocation
The eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:
E(8) Common Stock--Special Foods Retained Earnings Differential Investment in Special Foods Stock Non Controlling Interest 200,000 100,000 200,000 400,000 100,000

Eliminate investment balance. E(9) Inventory Land Building Goodwill Differential Assign differential.
453

10,000 10,000 20,000 160,000 200,000

Purchase At More Than Book Value

Account Titles Cash Accounts Rec. Inventory Land Bldg. and Equip. Inv. in Sp. Foods Differential Goodwill Total Debits Trial Balance Data Peerless Spec. Foods 25,000 75,000 100,000 100,000 800,000 400,000 1,500,000 50,000 50,000 60,000 40,000 600,000 Elimination Entries Debits Credits Consolidated 75,000 125,000 170,000 150,000 1,420,000 160.000 2,000,000 700,000 200,000 300,000 100,000 500,000 300,000 2,000,000

(4) 400,000 (4) 40,000 (5) 40,000 (5) 160,000

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

800,000 300,000 100,000 100,000 200,000 (4)200,000 100,000 (4)100,000 380,000 800,000

Accum. Depr. 400,000 Accounts Payable 100,000 Bonds Payable 200,000 Non Controlling Int Common Stock 500,000 Retained Earn. 4300,000 54 Total Credits 1,500,000

380,000

Debit Differential - Partial

Cost of investment $400,000 80% Excess of cost over fair value of net identifiable assets $128,000 Total differential $168,000 160.000 induk 8.000 NCI

Fair value of net identifiable assets $340,000

340.000x80%=272.000

455

Book value of net identifiable assets $240,000

Excess of fair value over book value of net identifiable assets $32,000 8.000 NCI

Differential Allocation - Partial

The eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:
E(8) Common Stock--Special Foods Retained Earnings Differential Investment in Special Foods Stock Non Controlling Interest 200,000 100,000 168,000 400,000 68,000

Eliminate investment balance. E(9) Inventory Land Building Goodwill Differential Assign differential.
456

10,000 10,000 20,000 128,000 168,000

57

Dwi Martani 081318227080/08161932935 martani@ui.edu; dwimartani@yahoo.com Departemen Akuntansi FEUI

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

1-2 Juni 2010