Idha Rahma Iswianti / 19080304009 Achmad Rayhan Zakaria / 19080304035

ASSETS
&
THE MEASUREMENT
 TABLE OF CONTENTS

Basis and
01 Asset
Characteristics 03 Attributes of Asset
Valuation

Asset
02 Measurement
of Asset Cost 04 Valuation
 TABLE OF CONTENTS

Output Value & Rent & Interest

05 Input Value 07 Cost

Assessment Asset
06 According to 08 Presentation
FASB
 Assets Definition
FASB
Assets are probable future IASC
economic benefits obtained
or controlled by a
particular entity as a
result transaction or An asset is resources
events. controlled by the
enterprise as a result of
past events and from which
future economic benefits
are expected to flow to the
enterprise
AASB
Assets  are service
potential  or future
economic benefits
controlled by the reporting
entity as a result of past
transaction or other past
events.
 ASSETS
01 CHARACTERISTISCS
 MAIN CHARACTERISTICS

Economic Consequences
Benefits of Past
Controlled By Transactions or
Entity Events
 SUPPORTING CHARACTERISTICS

Acquired at a
Tangible Exchangeable
cost

Legally
Severable
enforceable
 02
MEASUREMENT
OF ASSET COST
 Determination of the amount of rupiah that must be attached to the asset at the
time of its occurrence which will be used as basic data to follow the physical flow
of the object.

There are 3 stages of treatment in line with activities:

Acquisition Processing Sales/delivery

3 Stages of Accounting Treatment Follow The
Physical Flow

measurement/ charging to
tracing
recognition/classification revenues
 Measurement of Asset
The cost of an asset is all expenditures (sacrifice of economic resources) that occur or are
required as a result of the activity of acquiring an asset until it is placed in a condition ready for use
or functioning in accordance with the purpose of its acquisition.

Activity limit Type of award

Activity limits are related to the issue of
what elements of the sacrifice of
economic resources make up the price of
an asset.
The agreed award can be expressed in various
forms of economic resources or instruments
submitted by the acquirer of the asset. The shape
of the instrument affects the basis for determining
the main cost
 Cost Determination

Shares as Reward

Cost In Barter Cost in Reorganization

 Cost Determination

Finding

Gift or Grant Cost in Credit Purchase

 03
ASSET VALUATION BASIS
&
ATTRIBUTES
Subjective
Value

Economic
Measurement
Atributes
Value

Historical
Price (Cost)
& Value
 04
THE CONCEPT
OF VALUATION
OF AN ASSET
 Liquidity Value

Going Market
Concern
Value
Book Value value of
assets
Intrinsic Value
of Securities
 INPUT VALUE
05 AND
OUTPUT VALUE
Input Value and Output Value

Current Input Cost

Discounted Future Cost

INPUT VALUE
Standard Cost
Discounted Future Cash Receipts or service
potensial

Current Output Cost

OUTPUT
Current cash equivalent
VALUE
Liquidation Value
 06
ASSESSMENT
BY FASB
 SFAC No. 5, Paragraph 67

1. Historical Cost. Land, buildings, supplies, factory supplies, and most preparations are
reported on the basis of their historical cost.
2. Current (replacement) Cost. Some preparations are presented of current value or
replacement.
3. Current Market Value. Some types of investments in securities are presented on the basis
of current market value.
4. Net Realizable Value. Some types of short-term receivables and goods stocks are
presented at a net realized value.
5. Present (or Discounted) Value of Future Cash Flows. Receivables and long-term
investments are presented at the present value of future cash receipts until receivables
are repaid.
 07
Lease and Cost of
Interest
 Lease and Cost of Interest

FASB requires to acknowledge and report

obligations arising from leases and recognize
(capitalize) the facilities leased as company assets
if substantively the lease agreement is actually an
installment purchase.
 SFAS No. 13, Paragraph. 7

The FASB proposes four criteria that must be met in order for a lease to be declared
an installment purchase:
1. The lease contract mentions the transfer of property rights to the user (lessee) at
the end of the lease term.
2. Bargain Purchase Option.
3. The lease term is 75% or more of the remaining economic life estimated rental
property since the signing of the contract.
 Cost of Interest

The purpose of capitalizing on interest costs is to obtain

the number of acquisition costs that most reflect the total
investment of business entities in assets and to charge a
cost related to obtaining an economic source that will
provide future benefits to be juxtaposed with the income
generated by the benefit.
Cost of Interest Treatment

1. Interest is not capitalized and is required as a

periodal fee.
2. Interest are capitalized and incorporated as
part of the cost of self-built physical facilities.
3. Interest are capitalized but are not included as
a cost element of self-built physical facilities.
 08
PRESENTATION
OF ASSETS
 Fixed Asset

According to PSAK No. 1 in the financial statements, the

presentation of fixed assets will be seen in the balance sheet.
Balance sheet is a list that describes the composition of property,
liabilities and capital in a given period.
Fixed Asset Presentation Elements
The types of fixed assets presented in the balance sheet include:

1. 2. 3.

Land Buildings Vehicles

4. 5.

Equipment Office
Inventory
 Current Assets
Current assets are not specifically described in SAK
ETAP. Recognition, Measurement, presentation and
disclosure of Current Assets is generally regulated in
PSAK 09 on current assets. The basis for recognition,
measurement, presentation and disclosure of Current
Assets refers to: (1) SAK ETAP, (2) General SAK, and
(3) Laws and Regulations relevant to cooperative
receivables. As per PSAK 09
THANK YOU!

Is there any question?