Perbedaan SAK ETAP dan SAK EP

Summary

The video discusses the changes in Indonesia’s accounting standards as of January 2025, specifically the shift from SAK ETAP (Financial Accounting Standards for Entities without Public Accountability) to SAK EP (Financial Accounting Standards for Private Entities). The presenter outlines the key differences between the two, such as changes in financial reporting terminology, accounting principles, and methods for measuring investments and liabilities. SAK EP offers more flexibility and detailed guidance compared to SAK ETAP, catering to the needs of private entities while also allowing some options for entities with public accountability. The video provides a clear comparison of both standards to help viewers understand the transition.

Takeaways

• 😀 The transition from 'sak etap' to 'sak intes privat' in January 2025 introduces a shift in financial reporting standards for entities without public accountability.
• 😀 'Sak etap' is used for financial reporting by small and medium entities (SMEs) not listed on the stock market or required to have audited financial statements.
• 😀 The goal of 'sak etap' is to provide flexibility for SMEs to access funding from banks and create easier reporting methods for general financial statements.
• 😀 'Sak etap' follows a historical cost concept and applies simple accounting treatments that have not changed for several years.
• 😀 'Sakep' (Private Entity Accounting Standards) is more comprehensive than 'sak etap' and provides a simplified approach compared to IFRS-based standards.
• 😀 A key difference between 'sak etap' and 'sakep' is that 'sakep' replaces 'neraca' with 'laporan posisi keuangan' and 'laporan laba rugi' with 'penghasilan komprehensif'.
• 😀 'Sakep' gives more flexibility in presenting cash flow statements, offering both direct and indirect methods, whereas 'sak etap' only allows the indirect method.
• 😀 'Sakep' introduces a more detailed explanation of the balance between costs and benefits, compared to the brief explanation in 'sak etap'.
• 😀 In terms of investment in subsidiaries and joint ventures, 'sak etap' uses the cost method for measurement, while 'sakep' allows other methods such as fair value or equity methods.
• 😀 'Sakep' provides more options for measuring investment properties, such as cost or fair value methods, whereas 'sak etap' only uses the cost model.
• 😀 'Sakep' gives detailed guidance on classifying financial instruments as liabilities or equity, and includes complex transactions like share capitalization, options, and financial liabilities, while 'sak etap' offers simpler explanations.

Q & A

What is the main difference between SAK Etap and SAK P?

The main difference is that SAK Etap is designed for entities without public accountability, typically small and medium-sized entities that don't trade in capital markets. SAK P, on the other hand, is also for private entities but is more comprehensive and allows more flexibility compared to SAK Etap.

Who should use SAK Etap?

SAK Etap is intended for entities that do not have public accountability, like small and medium-sized businesses that aren't listed on the stock exchange or required to produce audited financial statements.

What is the purpose of SAK Etap?

SAK Etap aims to provide flexibility and easier access to financial statements for entities, enabling them to obtain funding from banks. It uses a historical cost concept and simpler accounting treatments.

What are the differences in financial reporting between SAK Etap and SAK P?

In SAK P, the term 'neraca' is replaced with 'laporan posisi keuangan' (financial position report), and 'laporan laba rugi' is replaced with 'penghasilan komprehensif' (comprehensive income report). SAK P also offers more flexibility in reporting cash flows, allowing both direct and indirect methods.

How does SAK P handle investments in subsidiaries and associates?

SAK P offers multiple methods for measuring investments in subsidiaries and associates, including cost, fair value, or equity methods, providing more options compared to SAK Etap, which only uses the cost method.

How does SAK Etap define the concept of cost and benefit?

SAK Etap provides a brief explanation of the balance between cost and benefit, while SAK P goes into more detail, introducing the concept of excessive cost and the efforts required to achieve benefits.

What is the treatment of investment properties in SAK P compared to SAK Etap?

SAK P allows for multiple methods to measure investment properties, such as cost or fair value. SAK Etap, however, only uses the cost model for measuring investment properties.

What kind of flexibility does SAK P offer in terms of presenting cash flow statements?

SAK P allows entities to choose between presenting their cash flow statement using either the direct or indirect method, whereas SAK Etap requires the indirect method only.

How are financial instruments classified differently in SAK Etap and SAK P?

SAK Etap offers a brief explanation of classifying financial instruments such as debt securities, stocks, and bonds. SAK P provides a more detailed classification, including guidelines on equity versus liability, stock issuance, and transactions involving non-controlling interests.

Why is SAK P considered more comprehensive than SAK Etap?

SAK P is considered more comprehensive because it contains 35 chapters, compared to SAK Etap's 30. It covers a wider range of accounting treatments and financial reporting concepts, offering more detailed guidance for private entities.