Accounting Of Fixed Assets Research Articles

Analisis Pengelolaan dan Perlakuan Akuntansi Aset Tetap di Desa Jatiwangi Kecamatan Cikarang Barat Kabupaten Bekasi

This research aims to determine the implementation of village asset management and the application of fixed asset accounting in Jatiwangi Village, West Cikarang District, Bekasi Regency. Data analysis in this research was guided by Permendagri No. 01 of 2016 and PP No. 71 of 2010 Statement No. 07. This research is a type of qualitative research with a descriptive approach, used primary data by conducting direct interviews with six informants, and secondary data in the form of documents owned by Jatiwangi Village related to village asset management and fixed asset accounting. The results of this research show that Jatiwangi Village has managed village assets quite well, there are six appropriate stages, namely planning, utilization, security, maintenance, assessment, and guidance and supervision, and four stages are not appropriate, namely procurement, use, administration and reporting, while the transfer and deletion stages have never been carried out. The results of research on the application of fixed asset accounting are not fully in accordance with the aspects contained in PSAP No. 07, recognition of fixed assets is not appropriate, initial assessment is appropriate, subsequent measurements have not been carried out, and disclosures have not been made.

ACCOUNTING AND TAXATION FOR DEPRECIATION OF FIXED ASSETS

ACCOUNTING AND TAXATION FOR DEPRECIATION OF FIXED ASSETS

Literature Review on Valuation and Accounting Recognition for Heritage Assets

Historic assets can also be said to be unique assets because of the diverse ways of obtaining them ranging from development, purchase, donation, inheritance, booty, or confiscation and their management and maintenance are protected by the local government (Agustini, 2011). In accordance with applicable laws the validity of a historic asset can be proven by legality to maintain the unlimited existence of historic assets. There are several valuation models for Historic Assets based on accounting standards that apply in the world, namely: Accounting Policy Act, Generally Recognized Accounting Practice (GRAP) 103, Financial Reporting Statements (FRS) 30, and Government Accounting Standards Manual (PSAP) 07 (2010). These differences arise due to the conditions and situations in each country in adopting a guideline that regulates accounting for heritage assets as well as the characteristics of heritage assets that are considered unique and diverse (Ouda, 2014). The accounting treatment for historic assets varies greatly depending on the nature of the asset and also the nature of the entity that holds it. Based on the results of the literature review conducted by the author, regarding how accounting records for heritage assets in Indonesia provide diverse results where there are heritage assets that are recorded in accordance with applicable standards and there are also heritage assets that are not in accordance with applicable accounting standards, namely PSAP 07 2010 regarding Fixed Asset Accounting. This is due to the inadequate quality of human resources who understand the assessment and accounting treatment of heritage assets and unclear policies in the treatment of heritage assets.

Analysis of Fixed Asset Accounting Treatment Based on Psak No.16 at Pt Buana Finance Tbk Bengkulu Branch

Assets in general are resources controlled by a company as a result of past events, where future economic benefits are expected to flow to the company. Fixed assets are part of the assets owned by the company to be used in company operations where payments will change at any time due to depreciation. This study aims to determine whether the accounting treatment of fixed assets in a company starting from recognition, disbursement after acquisition, depreciation, termination and delivery of fixed assets at PT Buana Finance Tbk, is in accordance with PSAK No.16. The analytical method used is descriptive method with data collection techniques in the form of interviews to obtain data in the form of fixed asset accounting treatment. The results of the study show that the accounting treatment for fixed assets applied by the company PT Buana Finance Tbk is in accordance with the Statement of Financial Accounting Standards (PSAK) No. 16 Fixed Assets

Innovations in fixed asset accounting

Subject. Fixed assets provide for various types of activities and make up a significant part of the assets of corporations. The growth and improvement of fixed assets characterise the quantitative and qualitative development of a corporation's technical equipment capacity and ensure its sustainable operation. Objectives. The requirements for the presentation and disclosure of accounting information are changing due to the challenges of the global and market economy. Therefore, it is important to consider issues related to the recognition, classification, evaluation, and presentation of economic activities related to the flow of fixed assets. Methodology. The problems related to fixed asset accounting have been studied by many economists from Russia and abroad. A significant number of theoretical works that provoke discussions indicate the need for new approaches to the development of accounting policies and methods of fixed asset accounting in particular. Since corporations use the provisions of the Federal Accounting Standard No. 6/2020 “Fixed Assets”, FSBU 26/2026 “Capital Investments”, and international accounting standards and develop independently their own accounting methods, the accounting policy should be developed with the participation of specialists and people responsible for the presentation and disclosure of information. Results and discussion. Recognition of a fixed asset item in accounting requires the expertise of specialists who can confirm that this item can be used in the ordinary activities of the company for a period exceeding 12 months and that it can deliver economic benefits. Groups of specialists and documents developed by a corporation to outline the conditions for the recognition of fixed asset items are established by bylaws. When recognising a fixed asset item, it is particularly important to determine inventory items and to group them. This is performed by the units of the organisation that ensure the ability of this item to bring economic benefits. If the items meet the conditions for the recognition of fixed asset items, the accountant determines the historical cost of the item. The application of the revalued cost of fixed asset items in accounting, based on the International Financial Reporting Standards (IFRS) 13 “Fair Value Measurement” and (IAS) 36 “Impairment of Assets”, ensures the reliability of financial statements. In case of assets that meet the recognition requirements, but whose value is below the limit established by a corporation, the control of the asset's availability and flow is also regulated by a bylaw. Conclusions. The results of the study can be used by corporations to develop accounting policies related to the systematisation and disclosure of information on fixed assets.

ANALYSIS ANALYSIS OF THE FIXED-ASSET ACCOUNTING IMPLEMENTATION IN THE REGIONAL FINANCIAL AND REVENUE MANAGEMENT AGENCY OF PAMEKASAN

This research examines the Government Accounting Standards Statement (PSAP) No.07 which is applied to the Regional Financial and Revenue Management Agency of Pamekasan Regency regarding Fixed Assets. The aim is to find out how Fixed Asset accounting in accordance with PSAP No.07 based on Government Regulation No.71 of 2010 is applied and compared in BPKPD Pamekasan Regency. The research was conducted in a qualitative descriptive manner. Interviews, observations and documentation were used to collect data. The results of the research show that BPKPD Pamekasan Regency has complied with and fulfilled the requirements for managing Fixed Assets, in terms of classification, recognition, measurement, depreciation, retirement and disposal, and disclosure. BPKPD Pamekasan Regency has also fulfilled the provisions of PSAP No.07 stipulated by PP No.71 of 2010.

Analysis of the Implementation of Fixed Asset Accounting Policies based on PMK Nomor 22/PMK.05/2022 Regarding Central Government Accounting Policy at the Regional Office of the Ministry of Religion, North Sulawesi Province

The purpose of acquiring fixed assets is also different in companies. Fixed assets are used to support company operations in order to gain profits, while in governments, fixed assets are used as the main facilities or infrastructure to support operational activities and provide the best possible service to the community. So that fixed assets used by government agencies need fixed asset accounting treatment. The aim of this research is to analyze the suitability of the implementation of fixed asset accounting policies in the Regional Office of the Ministry of Religion of North Sulawesi Province with Minister of Finance Regulation No. 22/PMK.05/2022 concerning central government accounting policies. The type of research used is descriptive qualitative. The research results showed that the implementation of fixed asset accounting regarding the classification, recognition, measurement and disclosure of fixed assets at the Regional Office of the Ministry of Religion of North Sulawesi Province was in accordance with Minister of Finance Regulation No. 22/PMK.05/2022 has been carried out well.

Evaluation of the Implementation of Government Accounting Standards Statement (PSAP) Number 07 concerning Fixed Asset Accounting at the Bogor Regency Population and Civil Registration Service (DISDUKCAPIL)

This study aims to find out how the implementation of fixed asset accounting and its conformity with the Statement of Government Accounting Standards Number 07 concerning Fixed Asset Accounting at Disdukcapil Bogor Regency. The type of data used is qualitative data. Sources of data used are primary data and secondary data. Data collection was carried out by means of documentation and interviews. The data analysis method used is the descriptive analysis method. The results of this study indicate that the accounting treatment of fixed assets at the Bogor Regency Population and Civil Registry Office includes classification, recognition, measurement, initial valuation of fixed assets, subsequent measurement of initial recognition, namely Depreciation and revaluation of fixed assets, disclosure and disposal and disposal of fixed assets in accordance with PSAP Number 07, except that Depreciation of Fixed Assets is not fully in accordance. Depreciation of fixed assets is not fully in accordance with PSAP Number 07 because it does not depreciate other fixed assets.

Evaluation of the Implementation of the Fixed Asset Accounting Security Procedure System in the Regional Government of Bogor Regency

The Bogor Regency regional government must present detailed financial reports describing asset values, regulated in Government Accounting Standard Regulation No. 7 of 2010. On the other hand, the problem in regional asset management is the lack of orderly administration and legal order which has resulted in regional assets, especially regional fixed assets, not being able to be properly and accurately inventoried, the lack of previous technology, which is still limited makes some of the data owned by the Government Regions are not valid, coupled with Human Resources (HR) which are still very limited. The research aims to examine the implementation of the Fixed Assets Accounting Systems and Procedures and the safeguarding of fixed assets that the Government of Bogor Regency has implemented. The research method used is descriptive qualitative, which is a method that describes the problems or cases raised based on existing facts based on specific facts and then examines them to solve problems and draw general conclusions. The Bogor Regency Government 2013 launched the Regional Goods Cycle Information Technology Application (ATISISBADA), which implements Fixed Assets Accounting Systems and Procedures and safeguards fixed assets. The technology-based fixed asset information system assists administration or online administrative/inventory recording that coordinates the Management of Regional Property in Bogor Regency, which has 40 Districts and 38 SKPDs or Regional Apparatuses with a large number of assets in the Bogor Regency Government with a considerable value. The conclusion of the research on securing regional property on fixed assets in Bogor Regency is good regarding procedures or implementation of regional property management, especially on physical, administrative, and legal security.

Improving Internal Control Over Fixed Assets with BLOCKCHAIN

A well-developed system of internal control, with policies and procedures that ensure the authenticity and integrity of assets, is crucial for the prevention of fraud. Fixed assets, which often constitute a large percentage of a company’s assets, can be very vulnerable to fraudulent authorization, recording, and theft. A well-designed fixed asset management system should have internal controls in place that increase the reliability of fixed asset accounting and protect against fraudulent financial reporting and theft. Blockchain technology, with its built-in system of transparency, validation and immutability, can be utilized as an effective tool in improving internal control systems within a fixed asset context. This article explains the fundamental principles of blockchain and describes how blockchain can be used to protect fixed assets against erroneous or fraudulent acquisition, recording, and disposal. The article also points out some of the challenges and limitations of implementing a blockchain system.

IMPROVEMENT OF INVENTORY ACCOUNTING IN SMALL AND MEDIUM-SIZED ENTERPRISES IN THE CONTEXT OF THE TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM-SIZED ENTERPRISES

The research work is devoted to international practice of organization and maintenance of accounting in small and medium-sized enterprises. In this part, Development of fixed asset accounting: under the requirements of International Financial Reporting Standards, Improvement of inventory accounting in small and medium-sized enterprises in the context of the transition to International Financial Reporting Standards for Small and Medium-Sized Enterprises and Components of accounting policy and the mechanism of their implementation in Small and Medium-Sized Businesses were analyzed. Accounting is greatly simplified when using computer equipment in warehouse accounting. Analytical accounts are grouped by material groups, storage locations, financially responsible persons, by synthetic accounting accounts and subaccounts. They use accounts of analytical accounting to control the storage and movement of inventories, their evaluation, comparison with warehouse accounting data. The importance and laboriousness of conducting quantitative analytical accounting of inventories has necessitated the search for more rational methods of accounting for inventories. The warehousing of most enterprises is quite complex and consists of a network of warehouses with special devices and equipment for moving, handling, weighing, measuring, etc. The introduction of computer accounting in the process of processing primary documents may be one of the most effective ways to improve primary accounting. To ensure the safety of inventories, proper acceptance, storage, and distribution of valuables, it is important that the enterprise has a sufficient number of warehouses equipped with weights and measuring instruments. The methodology for organizing the accounting of material resources involves the choice of several methods. To choose a method, it is necessary to analyze the consumption of materials. The classifier should fully systematize the various materials available in warehouses. It should ensure the efficiency and reliability of quantitative accounting in the warehouse. Accounting principles are observed or not observed, which should be reported in the financial statements. For example, in the reporting year, the enterprise ceased or plans to cease its activities in the future (deviation from the going concern principle) That is, the continuity principle relates to past and/or future events and does not affect accounting in any way. The concept of "accounting procedures" is not disclosed in regulatory documents. Most researchers understand accounting procedures as a set of works and methods for their implementation. In practice, many procedures are used in accounting and reporting, but their disclosure is unlikely to be of interest to qualified users of financial statements. Accounting practice is a set of accounting procedures at a particular enterprise, institution, organization that provides accounting, as well as the preparation of financial and management reporting. The inclusion in the definition of accounting policy and accounting rules, which generally relate to the organization of accounting, is not justified. Small and medium-sized enterprises (SMEs) are often under-represented in the accounting standards developed for larger companies. The UN and OECD have recognized the need to develop special accounting standards for SMEs, rather than requiring them to comply with IFRs that are primarily intended for large firms. Keywords: small and medium enterprises, international financial standards, inventory accounting, accounting.

Analysis of the Application of PSAP No. 07 Concerning Accounting for Fixed Assets at the Settlement Infrastructure Center for the North Sulawesi Region, Directorate General of Cipta Karya, Ministry of PUPR

The state was built by the community so that people's lives obtain peace, comfort, prosperity, justice and progress in outer and inner life. The achievement of state goals, one of them, depends on the government as the organizer of the state. Fixed asset accounting is a form of managing state property. The management of state/regional property is regulated in government regulation no. 27 of 2014. The purpose of this study is to determine the suitability of the Application of Statement of Government Accounting Standards (PSAP) No. 07 concerning the accounting for fixed assets at the North Sulawesi Regional Settlement Infrastructure Center, Directorate General of Cipta Karya, Ministry of PUPR. The analytical method uses a qualitative descriptive analysis method. From this study it was found that in analyzing the application of Statement of Governmental Accounting Standards (PSAP) No. 07 regarding the accounting for fixed assets at the North Sulawesi Settlement Infrastructure Center in the classification, valuation, expenditure after acquisition, depreciation, retirement and disposal and disclosure of fixed assets in accordance with Statement of Government Accounting Standards (PSAP) no. 07.

Analysis of Fixed Assets Management in the Legal Division at the Medan Mayor's Office

The fixed assets of the Legal Department of the Medan Mayor's Office are considered in assessing the effectiveness of a policy. This shows how efficiently the general section's delivery resources were managed by the Medan City Government last year. The Legal Department of the Medan Mayor's Office must also pay less attention to the fixed asset accounting system in order to deliver excellent Medan City Government services that are in accordance with financial management systems and procedures as well as operational standards and processes (SOP). To ensure that the budget runs smoothly and to increase the level of performance or good cooperation in the administration of these assets.

СУЧАСНИЙ РОЗВИТОК ІНФОРМАЦІЙНИХ СИСТЕМ І ТЕХНОЛОГІЙ БУХГАЛТЕРСЬКОГО ОБЛІКУ

The article identifies a necessity of automation of the process of organisation of accounting with availability of necessary resources and computer technologies for processing accounting information. When creating a computer information system of an enterprise, it is necessary to provide the means of rational organisation: expansion of the information capacity of analytical accounting; strengthening of control functions of financial accounting, which will ensure reflection of real changes in the movement and availability of the enterprise's assets; acceleration of processing of primary information; control over the safety of property; timely provision of information for optimal management. Automation of accounting with the help of Ukrainian software makes it possible to consolidate production discipline, identify responsibility centres, ensure the reliability of information, expediency, correctness, legality of financial and tax accounting, completeness and timeliness of business transactions using modern information systems. To automate financial accounting, the market offers "BAS AGRO. Accounting", which is a ready-made tool for solving all the tasks facing the accounting service of agricultural enterprises engaged in crop production, livestock, poultry farming, processing and sale of agricultural products. The possibilities and advantages of software products ("BAS Agro. Accounting", "Agri: Accounting", "PROFBALANS") are analysed, which help in the accounting process of the enterprise, accounting for its activities, accelerate the process of information processing, its generalisation and storage. The ProfBalance system allows you to perform typical accounting functions in various business sectors, including light industry, public services, mechanical engineering, wholesale and retail trade, and accounting in housing cooperatives. The automated, compact and reliable accounting and management accounting automation system is aimed at financial accounting, warehouse accounting, fixed asset accounting, personnel documentation, payroll, sales, and supply of goods and materials. Each programme is unique for financial accounting and is improved with the help of modern information technologies, specially developed for our country and versions of our own products with adaptation to the needs of Ukrainian users.

SIMILARITIES AND DIFFERENCES BETWEEN RAS AND IFRS ACCOUNTING OF FIXED ASSETS

SIMILARITIES AND DIFFERENCES BETWEEN RAS AND IFRS ACCOUNTING OF FIXED ASSETS

ANALISIS PERLAKUAN AKUNTANSI ASET TETAP BERDASARKAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (PSAK) NOMOR 16 TENTANG ASET TETAP PADA PT. PERKEBUNAN NUSANTARA I (PERSERO) LANGSA

The research was conducted with the aim of knowing the accounting treatment of assets in accordance with PSAK No. 16, with the suitability of accounting for fixed assets at PT. Perkebunan Nusantara I (PERSERO) Langsa. The type of research used is qualitative. Sources of data used are primary and secondary data, and data collection methods obtained by using library research methods, interview methods, and documentation methods. The data analysis method used is a comparative descriptive analysis method. The results of this study indicate that in carrying out the accounting treatment of fixed assets PT. Perkebunan Nusantara I (PERSERO) Langsa it is not in accordance with from PSAK No. 16. The discrepancy regarding: the grouping of immature plantations (TBM) into fixed assets resulted in the value of fixed assets is not fair at PT. Perkebunan Nusantara I (PERSERO) Langsa. In addition, that causes the financial statements to be less reliable and relevant. The limitation of this study is that the authors only take to indicators of fixed asset accounting treatment, namely recognition and depreciation only. Given these limitations, the researches provides suggestions to further researches to expand research by adding indicators of fixed asset accounting measures such as measurement and disclosure.

ACCOUNTING AND AUDIT OF FIXED ASSETS

ACCOUNTING AND AUDIT OF FIXED ASSETS

Evaluation of the Implementation of Fixed Assets Accounting at the North Sumatra DJKN Regional Office based on PSAP No.07 about Fixed Assets Accounting

Fixed Assets is one of the important components in the balance sheet that plays a significant role in policy making in government institutions. Therefore, the recording and reporting of fixed assets must comply with government accounting standards. This study aims to evaluate the application of fixed asset accounting at the North Sumatra DJKN Regional Office based on PSAP No. 07 about Fixed Assets Accounting. The method used in this study is a qualitative approach with descriptive analysis that compares the suitability of the application of fixed asset accounting with government accounting standards. Data was collected through interviews and supporting report documentation. The results showed that the North Sumatra DJKN Regional Office had carried out the administration of fixed assets in accordance with PSAP No. 07 about Fixed Assets Accounting but with the finding of errors in the recording of fixed assets of Buildings that should have been transferred to other asset posts and the value of assets that have been discontinued from government operations which are still recorded even though the assets have been disposed of. The North Sumatra DJKN Regional Office is recommended to follow up on recording errors by reclassifying assets and making reports related to recording errors in the application system.

Tinjauan atas akuntansi aset tetap pada Kantor Pengawasan dan Pelayanan Bea dan Cukai Tipe Madya Cukai Malang

Fixed Assets are tangible assets that have a useful life of more than 12 (twelve) months to be used, or intended to be used, in government activities or utilized by the general public. This study aims to analyze the application of the Statement of Government Accounting Standards (SAP) Number 7 related to the practice of Accounting for Fixed Assets at the Office of Supervision and Service of Customs and Excise and Excise Malang. The application of accounting for property and equipment includes the classification and measurement of property, plant and equipment, treatment of property, plant and equipment after acquisition, presentation and disclosure of property, plant and equipment. This study examines the type of qualitative data, namely an explanation of fixed assets based on theories sourced from various literatures and interviews. And the data used are financial data and a number of reports regarding the recording of fixed assets carried out by KPPBC Types of Excise Madya Malang. Based on the results of the study indicate that the application of fixed asset accounting at the Office of Supervision and Customs and Excise Services of Madya Type Malang in general is in accordance with the statement of Government Accounting Standards (SAP) number 7 related to the practice of Fixed Assets Accounting, but the revaluation of fixed assets has not been fully implemented. in accordance with the statement of Government Accounting Standards (SAP) number 7.

PROBLEMS OF APPLICATION OF NEW FEDERAL STANDARDS ON ACCOUNTING OF FIXED ASSETS AND CAPITAL INVESTMENTS IN TRANSPORT COMPANIES

Реформирование бухгалтерского учета в Российской Федерации связано с гармонизацией национальных и международных стандартов финансовой отчетности. Статья посвящена проблемам, возникающим при применении новых федеральных стандартов в практике ведения учета в транспортных компаниях.