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SAK - Group 08 - Question and Answer - Topic 05
SAK - Group 08 - Question and Answer - Topic 05
PSAK 25)
1. Assets that are arising from tax amnesty based on a Tax Amnesty Certificate is the
definition of...
A. Tax amnesty
B. Tax amnesty liabilities
C. Tax amnesty assets
D. Acquisition costs of tax amnesty assets
Answer : C
Tax amnesty assets are assets arising from tax amnesty based on a Tax Amnesty
Certificate.
Acquisition cost of tax amnesty assets is the value of assets based on Tax Amnesty
Certificate.
Tax amnesty liabilities are liabilities that are directly related to the acquisition of tax
amnesty assets.
Tax amnesty is the elimination of taxes that should be owed, not subject to tax
administration sanctions and criminal penalties in the field of taxation, by disclosing
assets and paying ransom as stipulated in the Tax Amnesty Law.
3. An entity shall reclassify its previous tax amnesty assets and liabilities in accordance
with par 19, into similar assets and liabilities when..
A. The entity measures tax amnesty assets and liabilities
B. The entity remeasures tax amnesty assets and liabilities
C. The entity measures fair value of tax amnesty assets and liabilities
D. The entity measures the acquisition costs of tax amnesty assets and liabilities
Answer : B
An entity shall reclassify its previous tax amnesty assets and liabilities in accordance with
par 19, into similar assets and liabilities when:
The entity remeasures tax amnesty assets and liabilities
The entity obtains control
4. The difference between the remeasurement difference between the fair value at the
date of the certificate and the previously recognized cost of assets and liabilities is
recognized as...
A. Additional paid-in capital
B. The deemed cost of entity in measurement tax amnesty
C. The deemed cost of entity to measure after initial recognition
D. An adjustment to the additional paid-in capital balance
Answer : D
The subsequent measurement of tax amnesty assets and liabilities shall follow the relevant
SAK. However, if assets and liabilities are valued based on fair value in accordance with
SAK 68, the difference between the remeasurement difference between the fair value at
the date of the certificate and the previously recognized cost of assets and liabilities is
recognized as an adjustment to the additional paid-in capital balance, so that the
remeasurement result is new cost deemed.
5. In what period of time from the date of receipt of the Statement of Assets for Tax
Amnesty is deemed as a Certificate...
A. Within 10 working days C. Within 15 working days
B. Within 14 working days D. Within 20 working days
Answer : A
Tax Amnesty Certificate (Certificate) is a letter issued by the Minister of Finance as
evidence of tax amnesty. In the event that within 10 working days from the date of receipt
of the Statement of Assets for Tax Amnesty, the Minister of Finance or an official
appointed on behalf of the Minister of Finance has not issued a Certificate, the Statement
of Assets for Tax Amnesty shall be deemed as a Certificate.
6. How is the measurement at the time of initial recognition of a tax amnesty liability
A. Recognized at the contractual obligation to deliver cash or cash equivalents to
settle the obligation that is directly related to the acquisition of the tax amnesty
asset.
B. Recognized at the cost of the asset amnesty of the liability
C. Recognizes the difference between tax amnesty assets and tax amnesty
liabilities as part of additional paid-in capital in equity.
D. Recognizes the ransom paid in profit or loss in the period in which the
Statement Letter is submitted.
Answer: A
Recognition and Measurement
Measurement at Initial Recognition
1. (Paragraph 06) tax amnesty assets are recognized at the cost of the tax amnesty
assets.
2. (Paragraph 07) tax amnesty liabilities are recognized at the contractual obligation
to deliver cash or cash equivalents to settle liabilities that are directly related to the
acquisition of tax amnesty assets.
7. Which of the following conditions is not a change in accounting policy
1) The adoption of substantially different accounting policies than had occurred
previously
2) The initial application of an accounting policy that does not regulate provisions
concerning the transition to such changes
3) The application of new accounting policies for transactions, other events or conditions
that did not occur before or were immaterial
A. 1 and 2
B. 1 and 3
C. 2 and 3
D. 1 saja
Answer: B
based on PSAK 25 is not a change in accounting policy
1. The adoption of substantially different accounting policies than had occurred
previously
2. The application of new accounting policies for transactions, other events or
conditions that did not occur before or were immaterial
9. When an entity has not applied a new PSAK that has been issued but is not yet
effective, the entity must disclose it
1) That fact
2) Relevant information that can be reasonably estimated or known to assess the possible
impact of the application of the new PSAK on the financial statements in the period of
its initial application
3) changes that differentiate it from the previous PSAK
A. 1 and 2
B. 1 and 3
C. 2 and 3
D. 2 saja
Answer: A
Based on PSAK 25, when an entity has not applied a new PSAK that has been issued but
has not been effective yet, the entity must disclose
1. That fact
2. Relevant information that can be reasonably estimated or known to assess the
possible impact of the application of the new PSAK on the financial statements in
the period of its initial application
10. If the entity changes the residual value of a fixed asset it will be treated as
A. changes in accounting policies
B. changes in accounting principles
C. changes in estimate
D. an error
Answer: C
Changes in accounting estimates are changes that occur as a result of new information or
additional experience. An example is the change in the estimated useful life of a depreciable
asset