Pembahasan Modul 6 PT Sugus Siklus Perolehan dan Pembayaran Investasi

Summary

This video script provides an overview of an auditing practicum, focusing on investment audits for PT Sugus. It discusses the methods used to examine investments, including share participation in PT Pupuk and PT PikLab. The script highlights key findings such as discrepancies in share ownership, missing dividend records, and incorrect accounting methods for different types of investments. The audit examines the proper journal entries for dividends, profits, and adjustments, aiming to align the records with actual financial confirmations from the respective companies.

Takeaways

• 😀 The presentation discusses an auditing practicum for module 6, focusing on investment audit.
• 😀 The working paper for the investment audit can be found in Book 2, page 106, with three types of investments: PT Bit Rap, PT Pik Rap, and a down payment for a building.
• 😀 Investment data includes three key details: PT Bit Rap (100 million), PT Pik Rap (300 million), and a down payment for building purchase (22.5 million).
• 😀 The auditing process involves verifying investment data with notary deeds and expenditure proofs for 2018.
• 😀 There is an issue with mismatched data in the notary deed and investment records; PT Sugus’ shareholding in PT Pik Rap doesn’t align with the notary’s documents.
• 😀 The company needs to obtain detailed information for accurate auditing, especially regarding investments in PT Pik Rap.
• 😀 Different accounting methods are used based on share ownership percentages: cost method for less than 20%, equity method for 20%-50%, and consolidation for more than 50%.
• 😀 The audit findings reveal that PT Sugus has not recorded the effect of its share participation, particularly in PT Pupuk (10% ownership) and PT Pik Rap (30% ownership).
• 😀 Proposed journal entries for PT Sugus include debiting dividend receivables and crediting dividend income, with adjustments based on ownership percentage.
• 😀 The final audit confirms that PT Sugus’ investment records should be adjusted, especially for PT Pik Rap, where a discrepancy in the recorded investment balance was corrected to match the confirmation results.

Q & A

What is the main focus of the audit being discussed in the script?

The main focus of the audit is on the investment audit for PT Sugus, specifically reviewing investments in PT Pupuk, PT PicLab, and the advance payment for the purchase of a building.

What are the three types of investments mentioned in the audit?

The three types of investments mentioned are: 1) Investment in PT Pupuk (Rp100,000,000), 2) Investment in PT PicLab (Rp300,000,000), and 3) Advance payment for the purchase of a building (Rp22,500,000).

What discrepancy was found during the audit regarding the share ownership?

A discrepancy was found between the data in the notary deed and the investment details, specifically concerning the number of shares and the percentage of ownership. For example, PT Sugus held 10% of PT Pupuk, but the share ownership listed in the notary deed did not match the actual investment details.

What methods are used to record the investments in PT Pupuk and PT PicLab?

The investment in PT Pupuk is recorded using the 'cost method' since PT Sugus holds 10% ownership. The investment in PT PicLab is recorded using the 'equity method' because PT Sugus holds 30% ownership.

What is the proposed journal entry for the dividends from PT Pupuk?

The proposed journal entry for the dividends from PT Pupuk is to debit 'dividend receivables' and credit 'dividend income' for Rp2,000,000, which represents 10% of the Rp20,000,000 dividend to be distributed by PT Pupuk.

What adjustment is needed for PT PicLab’s investment in the audit?

The adjustment needed for PT PicLab’s investment involves recognizing 30% of PT PicLab's profit, which amounts to Rp30,000,000. This is recorded by debiting the investment in PT PicLab and crediting dividend income.

How should PT Sugus account for the dividend distribution from PT PicLab?

PT Sugus should account for the dividend distribution from PT PicLab by debiting 'dividend receivables' and crediting 'investment in PT PicLab' for Rp4,800,000, which represents 30% of the Rp16,000,000 dividend to be distributed by PT PicLab.

What is the outcome of the confirmation of the investment balance for PT Pupuk?

The confirmation of the investment balance for PT Pupuk matches the recorded balance of Rp100,000,000, meaning the balance is accurate and agrees with the records.

What was the issue with the investment balance for PT PicLab?

The investment balance for PT PicLab did not initially agree with the confirmation results. PT Sugus had only recorded an investment of Rp300,000,000, but after making adjustments, the confirmed balance was Rp320,520,000, which matched the corrected audit result.

What is the final adjustment made to PT PicLab’s investment?

The final adjustment made to PT PicLab’s investment involves updating the investment balance to reflect the accurate confirmed amount of Rp320,520,000, which accounts for the 30% ownership in PT PicLab and the corresponding dividend income.