1

5
C
Kalo misalkan parent di AS punya subs di negara asing, kan subs pembukuan pake mata uang lokal
maka perlu disamain sekarang supaya bisa dikonsolidasi

D
menggunakan prosedur TRANSLATION --> pembukuannya dalam mata uang fungsional, maka
akan diubah ke dollar pake current rate method. Disini pake kurs average

B
Menggunakan TRANSLATION pake current rate meskipun bukan monetary atau monetary

A
REMEASUREMENT dilakukan kalo subs menggunakan mata uang fungsional bukan mata uang lokalnya
maka harus dinyatakan dlu dalam mata uang fungsional

Prosedur Remeasurement pake temporal method --> lihat akunnya apa, kalo moneter (akun yang
nilainya fix dalam mata uang tertentu, nanti dia akan diremeasured pake current)
Selain akun itu, pake kurs historis
Disini yang menggunakan historical inventories carried at cost
Akun non-moneter --> kurs inventoris
mata uang lokal

onal, maka

mata uang lokalnya

eter (akun yang

FUNCTIONAL CURRENCY = EURO (translation)
Preliminary Computations
Investment cost $ 1,350,000.00
BV acquired $ 1,050,000.00
Excess cost $ 300,000.00 (400,000 ini euro)
Excess allocated to undervalued land $ 300,000.00

Equity adjustment from translation on excess allocated to land

Excess on land at Jan 1, 2011 $ 300,000.00
Less: Excess on land at Dec 31, 2011 $ 308,000.00
Equity adjustment from translation - gain (credit) $ (8,000.00)

Notes:
Tanah tidak akan di depresiasi
Tanah di beg 300, ending 308 (naik karena ada perubahan kurs)
Kalo misal bukan tanah, bakal ada amortisasi dan depresiasi
00,000 ini euro)
1

3
 Soo Company, Ltd.
Translation Worksheet for 2011
DEBITS British Pounds Exchange Rate
Cash 20,000 1.65 C
Account receivable 70,000 1.65 C
Inventories 50,000 1.65 C
Equipment 800,000 1.65 C
Cost of Sales 350,000 1.63 A
Depreciation expense 80,000 1.63 A
Operating expense 100,000 1.63 A
Dividend 30,000 1.62 R
1,500,000

CREDITS
Accumulated Depreciation 330,000 1.65 C
Account payable 70,000 1.65 C
Capital stock 400,000 1.6 H
Retained earnings 100,000 M
Sales 600,000 1.63 A
Equity adjustment from translation
1,500,000

Jan 1, 2011
Investment in Soo 800,000
Cash 800,000

Cash 48,600
Investment in Soo 48,600

Investment in Soo 139,600

Income from Soo 114,100
Equity adjustment from translation 25,500

Sales 978,000
Less: COGS 570,500
Depreciation exp 130,400
Operating exp 163,000
Net income 114,100

BV of beg Net assets 25,000

Add: Net income 1,400
Less: Dividend 900
Effect of exchange rate change on net asset 25,500

Sales 600,000
Less: COGS 350,000
Depreciation exp 80,000
Operating exp 100,000
Net income 70,000
 US Dollars
33,000
115,500
82,500
1,320,000
570,500
130,400
163,000
48,600
2,463,500

544,500
115,500
640,000
160,000 Karena ini tahun pertama akusisi, perhitungannya pake historical.
978,000 Kalau sudah tahun kedua, harus dihitung jadi ending RE thn
25,500 sblmnya + income - div (yg sdh dikali kurs masing2)
2,463,500

ngecek
 1

Preliminary Computations:
Investment cost $ 4,000,000.00
Less: Book value $ 2,800,000.00
Excess to Patent $ 1,200,000.00

Patent in Euros $ 2,400,000.00

Patent Amortization $ 240,000.00

Pake metode TRANSLATON (functional currencynya euro) 3

 Soo Company, Ltd.
Translation Worksheet for 2011
DEBITS Euros Exchange Rate US Dollars
Cash € 1,000,000.00 0.6 C € 600,000.00
Accounts Receivable € 2,000,000.00 0.6 C € 1,200,000.00
Inventories € 4,000,000.00 0.6 C € 2,400,000.00
Equipment € 8,000,000.00 0.6 C € 4,800,000.00
Cost of Sales € 4,000,000.00 0.55 A € 2,200,000.00
Depreciaiton expense € 800,000.00 0.55 A € 440,000.00
Operating expense € 2,700,000.00 0.55 A € 1,485,000.00
Dividends € 500,000.00 0.54 H € 270,000.00
€ 23,000,000.00 € 13,395,000.00

CREDITS
Accumulated Depreciation-equipment € 2,400,000.00 0.6 C € 1,440,000.00
Accounts Payable € 3,600,000.00 0.6 C € 2,160,000.00
Capital Stock € 5,000,000.00 0.5 H € 2,500,000.00
Retained Earnings Jan 1 € 2,000,000.00 0.5 H € 1,000,000.00
Sales € 10,000,000.00 0.55 A € 5,500,000.00
Equity adjustment from translation € 795,000.00
€ 23,000,000.00 € 13,395,000.00

Pet's income from Sul (2011)

Share of Sul's net income € 1,375,000.00
Percentage owened 80%
Equity in Sul's net income € 1,100,000.00
Less: patent amortization € 132,000.00
Income from Sul € 968,000.00

Share of Sul's net income

Sales € 5,500,000.00
Less: Cost of Sales € 2,200,000.00
Depreciation expense € 440,000.00
Operating expense € 1,485,000.00
€ 1,375,000.00

Investment in Sul December 31, 2011

Investment Jan 1, 2011 € 4,000,000.00
Add: income from Sul € 968,000.00
Equity adjustment from translation € 636,000.00
 Equity Adjustment from Patent € 228,000.00
Less: Dividends € 216,000.00
Investment in Sul Dec 31, 2011 € 5,616,000.00
 Current 0.6
Historical 0.53

a Foreign Currency Statements

Inventory dicatat pada 10,000 Euro (historical cost)
krn inventory masuk akun non-moneter

b Remeasured Statements
Inventory dicatat pada 5,300 dolar (0.53 x 10,000)

c Translated Statements
Inventory dicatat di akhir tahun sebesar 6,000 dolar (0.6 x 10,000)
 Sar's Corporation
Remeasurement Worksheet)
December 31, 2011
DEBITS British Exchange Rate US$
Cash £ 50,000.00 1.7 C £ 85,000.00
Accounts Receivable £ 200,000.00 1.7 C £ 340,000.00
Short-term note receivable £ 50,000.00 1.7 C £ 85,000.00
Inventories £ 150,000.00 1.68 H £ 252,000.00
Land £ 300,000.00 1.6 H £ 480,000.00
Buildings-net £ 400,000.00 1.6 H £ 640,000.00
Equipment-net £ 500,000.00 1.6 H £ 800,000.00
Cost of Sales £ 650,000.00 * H £ 1,058,000.00
Depreciation expense £ 200,000.00 1.6 H £ 320,000.00
Other expense £ 400,000.00 1.65 A £ 660,000.00
Dividends £ 100,000.00 1.64 M £ 164,000.00
Equity adjustment from remeasurement £ 61,000.00
£ 3,000,000.00 £ 4,945,000.00

CREDITS
Accounts Payable £ 180,000.00 1.7
Bonds Payable-10% £ 500,000.00 1.7
Bonds interest payable £ 20,000.00 1.7
Capital Stock £ 500,000.00 1.6
Retained Earnings £ 300,000.00 1.6
Sales £ 1,500,000.00 1.65
£ 3,000,000.00
C £ 306,000.00
C £ 850,000.00
C £ 34,000.00
H £ 800,000.00
M £ 480,000.00
A £ 2,475,000.00
£ 4,945,000.00

Cost of Sales
Beg Inventory (200,000) £ 320,000.00 1.6 C
Add: Purchases (600,000) £ 990,000.00 1.65 A
Less: end inventory (800,000-650,000) £ 252,000.00 1.68 H
£ 1,058,000.00
 Sar's Corporation
Remeasurement Worksheet)
December 31, 2011
DEBITS New Zealand Dollars Exchange Rate
Cash 15,000 0.65 C
Accounts Receivable 60,000 0.65 C
Inventories 30,000 0.66 H
Prepaid expense 10,000 0.7 H
Land 45,000 0.7 H
Equipment-net 60,000 NOTE 1 M
Cost of Sales 120,000 NOTE 2 M
Depreciation expense 12,000 NOTE 3 M
Other operating expenses 28,000 NOTE 4 M
Dividends 20,000 0.66 M
Remeasurement Loss H
400,000

CREDITS
Accumulated depreciation 22,000 NOTE 5 M
Accounts Payable 18,000 0.65 C
Capital Stock 150,000 0.7 H
Retained Earnings 10,000 M
Sales 200,000 0.67 A
400,000

NOTE 1
Original equipment 35,000
Equipment purchased in 2011 6,800
41,800

NOTE 2
Beginning inventory 35,000
Add: Purchases 67,000
Less: Ending Inventory 19,800
82,200

NOTE 3
Depreciation on original equipment 7,000
Depreciation on new equipment 1,360
8,360
NOTE 4
Other operating expenses (consist prepaid 5,600
supplies used) 13,400
Current year outlays 19,000

NOTE 5
Acc depreciation on ori equip 14,000
Acc depreciation on equip purchased 1,360
15,360

AWAL 22,000
BUAT YG BARU 2,000
BUAT YG LAMA 20,000
 US$
£ 9,750.00
£ 39,000.00
£ 19,800.00
£ 7,000.00
£ 31,500.00
£ 41,800.00
£ 82,200.00
£ 8,360.00
£ 19,000.00
£ 13,200.00
£ 1,450.00
£ 273,060.00

£ 15,360.00
£ 11,700.00
£ 105,000.00
£ 7,000.00
£ 134,000.00
£ 273,060.00
1

2
 Sar Company
Translation Worksheet
For the year ended Dec 31, 2011
DEBITS Sheqels Exchange Rate
Cash 40,000 0.3 C
Receivables-net 50,000 0.3 C
Inventories 150,000 0.3 C
Land 160,000 0.3 C
Equipment-net 300,000 0.3 C
Buildings-net 500,000 0.3 C
Expenses 400,000 0.32 A
Exchange loss (advance) 20,000 0.32 A
Dividends 100,000 0.33 M
Equity adjustment from translation
1,720,000

CREDITS
Accounts Payable 120,000 0.3 C
Other Liabilities 60,000 0.3 C
Advance from Pel 140,000 0.3 C
Common stock 500,000 0.35 H
Retained Earnings - beg 300,000 0.35 H
Sales 600,000 0.32 A
1,720,000

Jan 1, 2011
Investment in Sar 308,000
Cash 308,000

Jan 2, 2011
Advance to Sar 42,000
Cash 42,000

June 2011
Cash 33,000
Investment in Sar 33,000

Dec 31, 2011

Investment in Sar 17,000
Equity adjustments from translation 40,600
Income from Sar 57,600
Income from Sar 2,560
Equity adjustment from translation 3,840
Investment in Sar 6,400
(jurnal yg muncul krn ada excess)
 US$
12,000
15,000
45,000
48,000
90,000
150,000
128,000
6,400
33,000
40,600
568,000

36,000
18,000
42,000
175,000
105,000
192,000
568,000

Beg net asset 40,000

Add: Income 3,600 knp 180,000?
Less: Dividends 3,000
 40,600

Investment in sar
Beg 28,000
Add: patent (10 year) 80,000
Less: patent (1 year) 8,000
100,000
1
2
PRELIMINARY COMPUTATIONS

Investment cost of SAA $ 1,710,000.00

BV Acquired (8,000,000 LCU x 1.90) $ 1,520,000.00
Patent $ 190,000.00

Patent based on LCU $ 1,000,000.00

Amortization of patent $ 100,000.00

Patent amortization for 2011 $ 18,500.000

Unamortized patent at Dec 31, 2011 $ 162,000.00

Equity adjustment for patent 2011:

Beg balance $ 190,000.00
Less: Amortization $ 18,500.00
Ending balance $ 162,000.00
$ 9,500.00

Reconciliation of investment account:

Investment in SAA Jan 1, 2011 $ 1,710,000.00
Add: income from SAA for 2011 $ 342,250.00
Less: equity adjustment from translation $ 84,750.000
equity adjustment from patent $ 9,500.00
dividends from SAA $ 185,000.00
Investment in SAA Dec 31, 2011 $ 1,773,000.00

Income from SAA 2011

Income beg $ 360,750.00
Less: amortization $ 18,500.00
Income end $ 342,250.00

Jan 1, 2011
Investment in SAA $ 1,710,000.00
Cash $ 1,710,000.00

July 1, 2011
Advance to SAA $ 333,000.00
Cash $ 333,000.00

Sept 1, 2011
Cash $ 185,000.00
 Investment in SAA $ 185,000.00

Dec 31, 2011

Investment in SAA $ 276,000.00
Equity adjustment from translation $ 84,750.00
Income from SAA $ 360,750.00

Income from SAA $ 18,500.00

Equity adjustment from translation $ 9,500.00
Investment in SAA $ 28,000.00

PWA Corporation and Sub

Consolidated Working Papers
For the year ended Dec 31, 2011
PWA SAA Adj
INCOME STATEMENT
Sales 569,500 1,110,000
Income from SAA 342,250
expenses (400,000) (740,000)
exchange loss (9,250)
Net income 511,750 360,750

RETAINED EARNINGS
Retained Earnings - Beg 856,500 570,000
Add: net income 511,750 360,750
Less: dividend (300,000) (185,000)
Retained Earnings - End 1,068,250 745,750

BALANCE SHEET
Cash 90,720 99,000
Account receivable 128,500 90,000
Advance to SAA 333,000
Inventories 120,000 270,000
Land 100,000 288,000
Equipment-net 600,000 540,000
Buildings-net 300,000 900,000
Investment in SAA 1,773,000

Patent

3,445,220 2,187,000
Account Payable 162,720 135,000
Advance from PWA 333,000
Other Liabilities 308,500 108,000
Capital Stock 2,000,000 950,000
Retained Earnings 1,068,250 745,750
Equity adjustment (94,250) (84,750)
3,445,220 2,187,000
 on and Sub
orking Papers
d Dec 31, 2011
Adjustments Consolidated

1,679,500
342,250 -
18,500 (1,158,500)
(9,250)
511,750

570,000 856,500
511,750
185,000 (300,000)
1,068,250

189,720
218,500
333,000 -
390,000
388,000
1,140,000
1,200,000
94,250 157,250
-
1,710,000
190,000 18,500
162,000
9,500
3,688,220
 297,720
333,000 -
416,500
950,000 2,000,000
1,068,250
84,750 (94,250)
2,498,000 2,498,000 3,688,220