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The Analysis of Jiwasraya'S Case - Financial Reporting and Auditing
The Analysis of Jiwasraya'S Case - Financial Reporting and Auditing
GROUP 2
The gains from changes in the fair value of these securities are gains from the
prices of shares and bonds owned by Jiwasrayas that have not yet been sold or
have not been realized. This can be seen in the Jiwasraya cash flow statement
that there is an investment return of IDR 1,041,970,000, so that the value of the
change in the fair value of the securities has no cash amount and the value can
be said as an assumption that Jiwasraya can sell its shares so that it can realize
the investment return.
CASE ANALYSIS
As for regionally owned enterprises, in 2016 Jiwasraya holds the shares of Bank
BJB (BJBR), where in the relevant year BJBR shares were closed in the position
of IDR 3,000 which was initially at IDR. 755 and this is also the reason why
Jiwasraya produced profits that have not been realized by the company and at
the end of 2016 it was recorded as "gains from the fair value of securities".
the company's investment management does not intend to realize profits from
these shares because it is impossible / difficult to realize, so the purchase of
these shares is only intended to enhance the company's financial statements in
2016.