SOAL ASISTENSI

Kode / Mata kuliah

: Akuntansi Keuangan Lanjutan (AC 202)

Materi

: Foreign Currency (Forward Exchange Contract)

Dosen Pengampu

: PAS, ART

Tanggal

: 24 28 November 2014

1. On September 1, 2013, Trans Company (Indonesia) purchases goods on account (six

month period) from Fujiyama Corporation (Japan) in the amount of 3,000,000 yen. The
transaction is denominated in yen and Trans offsets its exposed foreign currency liability
with a forward exchange contract (six month period) for the receipt of 3,000,000 yen from
broker. Trans reporting date is December 31 and the payable is settled on March 1, 2014.
The relevant exchange rates are as follows:
Date

Rupiah equivalent value of 1 yen

Spot Rate

Forward exchange rate

Sept 1, 2013

110

115 (180 days)

Dec 31, 2013

120

117 (60 days)

Mar 1, 2014

116

Requirement: prepare entries needed to record the events above on September 1, 2013,
December 31, 2013 and March 1, 2014.

2. On July 1, 2013, Trans Company contracts to purchase special-order goods from Fujiyama.
Their manufacture and delivery will take place in 60 days (on September 1, 2013). The
contract price is 3,000,000 yen, to be paid on March 1, 2014, which is 180 days after
delivery. On July 1, 2013, Trans hedges its foreign currency payable commitment with a
forward exchange contract to receive 3,000,000 yen in 240 days.
The relevant exchange rates are as follows:
Date

Rupiah equivalent value for 1 yen

Spot rate

Forward exchange rate

July 1, 2013

105

113 (240 days)

September 1, 2013

110

115 (180 days)

Requirement: prepare entries needed to record the events above on July 1, 2013 and
September 1, 2013.

GRA - SUA