Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
21Activity
0 of .
Results for:
No results containing your search query
P. 1
Psak 45 Npo Ver171299

Psak 45 Npo Ver171299

Ratings:

5.0

(1)
|Views: 652|Likes:
Published by api-3708783

More info:

Published by: api-3708783 on Oct 14, 2008
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

03/18/2014

pdf

text

original

STATEMENT OF
SFAS No.
FINANCIAL ACCOUNTING STANDARDS
45
INDONESIAN INSTITUTE OF ACCOUNTANTS
FINANCIAL REPORTING FOR NON-PROFIT ORGANIZATIONS
FINANCIAL REPORTING FOR NON-PROFIT ORGANIZATIONS SFAS No. 45
FINANCIAL REPORTING FOR NON-PROFIT ORGANIZATIONS SFAS No. 45

Financial Accounting Standard (PSAK) 45, FINANCIAL STATEMENTS FOR NON-PROFIT ORGANIZATIONS, was approved by the Financial Accounting Standards Committee on 20 December 1997 and legalised by the National Council of the Indonesian Institute of Accountants on 23 December 1997.

This Standard is not applicable for immaterial items.
Jakarta, 23 December 1997
National Council
Indonesian Institute of Accountants
Financial Accounting Standards Committee
Jusuf Halim
Chairman
Istini T. Sidharta
Vice Chairman
Mirza Mochtar
Secretary
Hein G. Surjaatmadja
Member
Katjep K. Abdoelkadir
Member
Wahjudi Prakarsa
Member
Jan Hoesada
Member
Nur Indriantoro
Member
Rusdy Daryono
Member
Siti Ch. Fadjriah
Member
Sobo Sitorus
Member
Timoty E. Marnandus
Member
Mirawati Soedjono
Member
Osman Sitorus
Member
Jusuf Wibisana
Member
Yosefa Sayekti
Member
Heri Wahyu Setiyarso
Member
CONTENTS
Paragraph
INTRODUCTION
01-05
Objective
Scope
01-04
Definitions
05
EXPLANATION
06-34
Objective of Financial Statements
05-08
Financial Reporting for Non-Profit Organizations
09-34
Balance Sheets
10-18
Objective of Balance Sheets
10-11
Classification of Assets and Liabilities
12-13
Classification of Restricted or Non-Restricted Net Assets
14-18
Operating Statements
19-32
Objective and Focus of Operating Statements
19-20
Changes in Net Assets Group
21-22
Classification of Revenue, Expenses, Gain and Loss
23-26
Information of Revenue and Expenses
27-28
Information of Rendering Services
29-32
Cash Flows Statements
33-34
Objective of Cash Flows Statements
33
Classification of Cash Receipts and Cash Disbursements
34

STATEMENT OF FINANCIAL ACCOUNTING STANDARD No. 45
FINANCIAL REPORTING FOR NON-PROFIT
ORGANIZATIONCONCLUSION\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u202635-48

Effective Date
48
FINANCIAL REPORTING FOR NON-PROFIT ORGANIZATIONS SFAS No. 45
FINANCIAL REPORTING FOR NON-PROFIT ORGANIZATIONS SFAS No. 45
INTRODUCTION

The characteristics of non-profit organisations are different to profit-oriented organizations. The essential distinction is the source of the organisation\u2019s resources to finance its activities. Non-profit organizations\u2019 resources are donations from members and other contributors who do not expect to receive any benefits from the non-profit organisation.

As a result of such characteristics, there are specific transactions undertaken by non-profit organisations which rarely occur in profit-oriented organisations such as donations and grant receipts.

However, there are many non-profit organisations which are difficult to distinguish from a profit-oriented organisation.

Notwithstanding their lack of ownership, some non-profit organisations finance capital from loans, and finance operations from income received by rendering services to the public. Accordingly, the measurement of the amount of cash flows, their timing and their certainty become important performance measurements for the users of the non-profit organisation\u2019s financial statements which may include creditors and lenders.

Such non-profit organisations have characteristics which are similar to profit-oriented organisations.

The users of a non-profit organisation\u2019s financial statements evaluate:
a) the services rendered by the non-profit organisation and its ability to
continue rendering such services; and
b) how management have satisfied their responsibilities and to judge
management\u2019s performance.

The ability of a non-profit organisation to continue rendering services is communicated via the balance sheet which provides information on assets, liabilities, net assets and the relationship between those elements. The balance sheet should also separately disclose restricted and unrestricted net assets. Management\u2019s ability to operate the non-profit organisation\u2019s resources, including those received from contributors, are presented in the statement of activity and statement of cash flow.

Objective

The objective of this standard is to prescribe financial statement reporting for non-profit organisations to make such statements more understandable, relevant and comparable.

Scope
01.This standard is applied for financial statements presented by non-profit
organisations that fulfil the following characteristics:
a) resources are from contributors who do not expect to receive any re-payment
or benefits from the non-profit organisation in proportion to the resources
contributed;
b) produce goods and/or services without intention to profit and, if the entity
generates profit, it is never distributed to the members / contributors.
c) there is no ownership that is saleable, replaceable or refundable, and there is
no claim on resources in the event of liquidation.
02. This standard is not applicable for government institutions, departments
or other similar organisations.

03. Financial statements of non-profit organizations consist of balance sheets, statement of activities, statement of cash flows and notes thereto. The financial statements are generally different from financial statements of profit-oriented organizations.

04. This standard establishes basic information that should be disclosed in the
financial statements of non-profit organisations.

Matters not specifically addressed in this standard should be referred to generally accepted accounting standards.

1

Activity (21)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Hendi Anakbadunk liked this
Sam Sul liked this
arenieq liked this
Kyu Dimitri liked this
pupapupi liked this
Kumalawati Abadi liked this
defesad liked this
defesad liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->