Standar Akuntansi Keuangan di Indonesia

Summary

The video provides an insightful overview of financial accounting standards in Indonesia. It explains the role of the Indonesian Institute of Accountants (IAI) in issuing and interpreting these standards, and details various types such as IFRS-based standards, private entity standards, standards for micro and small enterprises, Shariah-compliant accounting, and government accounting standards. Each standard caters to specific sectors, ensuring transparency and consistency in financial reporting across public and private entities, as well as government bodies. The video serves as an essential guide for understanding Indonesia's accounting framework.

Takeaways

• 😀 Financial accounting standards (SAK) are regulations and interpretations for financial reporting in Indonesia.
• 😀 SAK is published by the Indonesian Institute of Accountants (IAI) and the Shariah Standards Board of IAI for Sharia-based entities.
• 😀 The IAI, founded in 1957, is the professional organization representing accountants in Indonesia, aiming to improve accounting education and work quality.
• 😀 IFRS-based SAK refers to standards that adopt international financial reporting standards, applied to public accountability entities.
• 😀 Private Entity SAK (SAK ET) was introduced in 2012, replacing the old standards and catering to private entities with no public accountability.
• 😀 The SAK for Micro, Small, and Medium Enterprises (KUMKM) is designed for businesses that don't meet the private entity standards.
• 😀 Sharia-based SAK is for entities whose operations are in line with Islamic principles, including both Sharia-compliant and non-Sharia organizations.
• 😀 SAK Shariah is based on the MUI fatwa and governs financial transactions for Shariah-based organizations.
• 😀 Government Accounting Standards (SAP) apply to public sector entities, providing guidelines for financial reporting in government operations.
• 😀 SAP is based on Government Regulation No. 71 of 2010, which outlines the principles for government financial reporting.

Q & A

What is the definition of financial accounting standards?

Financial accounting standards, also known as 'SAK', are statements and interpretations that guide financial accounting practices. They are issued by the Indonesian Institute of Accountants (IAI) and the Shariah Standard Board of IAI for Shariah-based entities, as well as by regulatory authorities for entities under their supervision.

What role does the Indonesian Institute of Accountants (IAI) play in accounting standards?

IAI is a professional organization in Indonesia that governs accountants. It is responsible for developing and issuing financial accounting standards, and it also aims to improve the quality of accounting education and the profession as a whole.

What is the IFRS-based financial accounting standard in Indonesia?

The IFRS-based financial accounting standard refers to the adoption of the International Financial Reporting Standards (IFRS) in Indonesia. It applies to entities with public accountability, meaning those that have obligations to the public and investors.

What is the Private Entity Financial Accounting Standard (SAK ETAP)?

SAK ETAP is a financial accounting standard specifically designed for private entities, which do not have public accountability. It replaced the previous 'SAK Tetap' and was officially implemented on June 31, 2012.

What does the SAK KUKM standard apply to?

The SAK KUKM (Small and Medium Enterprises Accounting Standard) applies to micro, small, and medium enterprises (MSMEs) in Indonesia. It provides guidelines for these entities that may not meet the requirements of other standards like SAK ETAP.

What is the purpose of the Shariah Financial Accounting Standard?

The Shariah Financial Accounting Standard is designed for entities that operate based on Shariah principles. It is guided by the Fatwas (religious rulings) of the Indonesian Ulema Council (MUI) and applies to both Shariah-based organizations and those dealing with Shariah transactions.

How does the government sector have its own accounting standard?

The government sector in Indonesia follows the Government Accounting Standards (SAP), which are specifically designed for preparing and presenting government financial reports. These standards are based on the Government Regulation No. 71 of 2010.

What are the key principles of Government Accounting Standards (SAP)?

The key principles of SAP include transparency, accountability, and the appropriate presentation of financial information related to the government's financial activities. These principles ensure that the government’s financial reports are accurate and clear to the public and regulators.

What is the significance of the IFRS-based financial accounting standard in Indonesia?

The IFRS-based standard is significant because it aligns Indonesia's financial reporting practices with international standards. It enhances the comparability of financial reports globally and ensures that Indonesian companies meet international expectations for transparency and accountability.

Who can use the Shariah Financial Accounting Standard?

The Shariah Financial Accounting Standard is intended for entities whose operations are based on Shariah principles. This includes Islamic financial institutions, as well as non-Shariah entities engaged in Shariah-compliant transactions.