Year 1 (opening) Year 1 (closing)

Statement of financial position Historical cost Fair value model Historical cost

Assets:
Cash - - 9,000
Condominium 100,000 100,000 99,500
Total Assets 100,000 100,000 108,500

Liabilities & Equity:

Long term debt 50,000 50,000 47,000
Equity 50,000 50,000 61,500
Total Liabilities 100,000 100,000 108,500

Income statement :
Rental income 9,000
Depreciation 500
Interest expenses 3,000
Gain/loss condo -
Gain/loss on debt -
Income (loss) - - 12,500

Lengkapilah tabel diatas dengan catatan transaksi berikut:

Applicability
Penutupan tahun pertama Historical cost
1 Jumlah kas pada akhir tahun pertama ada sebesar IDR 9,000 √
2 Depresiasi per tahun condominium IDR 500 √
3 Beban bunga hutang IDR 3,000 √
4 Nilai wajar condomunium akhir tahun pertama IDR 125,000 x
5 Nilai wajar hutang akhir tahun pertama IDR 48,000 x

Penutupan tahun kedua

1 Jumlah kas pada akhir tahun pertama ada sebesar IDR 18,500 √
2 Depresiasi per tahun condominium IDR 500 √
3 Beban bunga hutang IDR 3,000 √
4 Nilai wajar condomunium akhir tahun pertama IDR 110,000 x
5 Nilai wajar hutang akhir tahun pertama IDR 50,500 x

Pertanyaan !
Setelah dilengkapi tabel tersebut dengan transaksi diatas buatlah analisa perbedaan atas laporan keuangan terse

Basis – Historical Cost vs Fair Value Historical Cost

Historical Cost is the cost at which Fair value means the prese
Definition transaction was done or asset was market price that the asset
acquired fetch.

Depreciation is always getting

Depreciation/ Impairment Impairment is always calculate
calculated on the historical cost
 The layman can easily identify the Professionals/Actuaries are ne
Layman/Professional historical cost as it is nothing but to calculate the fair value
the transaction price

As per Indian GAAP, Property, Plant As per Indian GAAP, Financ

and Equipment are needed to be Instruments are needed to
Items in the Balance sheet disclosed at historical cost in the disclosed at Fair value in th
balance sheet balance sheet

AS 16 requires historical cost based AS 30,31 and 32 as well as IF

Accounting Standard valuation requires Fair Value based valu

The historical Cost calculation is Fair value calculation is hig

Calculation easy and can be easily derived complex

Fair Value calculation requi

Historical Cost does not require any
Assumptions various assumptions based
assumptions. which fair value can be deri

The comparison is not possible

under historical based valuation as The comparison is possible be
various methods can have adopted valuationunder
2 entities the said meth
Comparability as all the assets wi
for depreciation, inventory valuation disclosed at fair value
etc

Fair value model (PSAK 13) Revaluation

Menggunakan
Menggunakan nilai
nilai wajar
wajar Menggunakan
Menggunakan ni
n

Perubahan
Perubahan nilai
nilai wajar
wajar diakui
diakui dalam
dalam Perubahan
Perubahan nilai
nilai w
laporan
laporan laba
laba rugi
rugi pada
pada periode
periode laporan
laporan laba
laba rugi
rug
terjadinya.
terjadinya.

Tidak
Tidak ada
ada penyusutan.
penyusutan. Penyusutan.
Penyusutan.

Mencerminkan
Mencerminkan kondisi
kondisi pasar
pasar pada
pada Tidak
Tidak spesifik,
spesifik, ha
ha
tanggal neraca.
tanggal neraca. secara reguler.
secara reguler.
Mencerminkan
Mencerminkan kondisi
kondisi pasar
pasar pada
pada Tidak
Tidak spesifik,
spesifik, ha
ha
tanggal
tanggal neraca.
neraca. secara
secara reguler.
reguler.
 Year 1 (closing) Year 2 (closing)
Fair value model Historical cost Fair value model

9,000 18,500 18,500

125,000 99,000 110,000
134,000 117,500 128,500

47,000 50,000 44,000

87,000 67,500 84,500
134,000 117,500 128,500

9,000 18,500 18,500

- 500 -
3,000 3,000 3,000
25,000 10,000
1,500 - 500
38,500 22,000 31,000

Applicability
FV Model
√
x
√
√
√

√
x
√
√
√

as laporan keuangan tersebut (HC model vs FV model).

Fair Value

air value means the present

arket price that the asset can
fetch.

irment is always calculated on a fair value basis

essionals/Actuaries are needed
to calculate the fair value

s per Indian GAAP, Financial

struments are needed to be
isclosed at Fair value in the
balance sheet

30,31 and 32 as well as IFRS 9

uires Fair Value based valuation

air value calculation is highly

complex

air Value calculation requires

arious assumptions based on
hich fair value can be derived

omparison is possible between

tities under the said method of
uation as all the assets will be
disclosed at fair value

Revaluation model (PSAK 16)

Menggunakan
Menggunakan nilai
nilai wajar
wajar

erubahan nilai
Perubahan nilai wajar
wajar diakui
diakui dalam
dalam
aporan
aporan laba
laba rugi
rugi atau
atau ekuitas.
ekuitas.

enyusutan.
Penyusutan.

idak spesifik,
Tidak spesifik, hanya
hanya mengharuskan
mengharuskan
ecara reguler.
secara reguler.
 idak spesifik,
Tidak spesifik, hanya
hanya mengharuskan
mengharuskan
ecara reguler.
secara reguler.

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