Pembahasan Modul 8 PT Sugus Pendapatan dan Beban

Summary

This video discusses the auditing process for income and expenses, focusing on correcting accounting errors related to employee salaries, sales commissions, and professional fees. The speaker highlights several cases, such as the misclassification of PPh 21 taxes and commissions paid to non-employees, as well as the need for adjustments in tax calculations. The tutorial emphasizes the importance of accurate journal entries and adjustments to ensure compliance with financial reporting standards and tax regulations.

Takeaways

• 😀 The audit focuses on income and expense accounts, specifically examining errors in categorization of salary and other expenses.
• 😀 A key issue found was that PPh Pasal 21 (income tax) was incorrectly recorded under 'other expenses' instead of 'salary expenses'.
• 😀 The correction for PPh Pasal 21 involves debiting salary expenses and crediting 'other expenses'.
• 😀 A sales commission was misclassified as 'travel and accommodation expenses' instead of being recorded as 'sales commission'.
• 😀 To correct the commission entry, 'representations' is debited and 'travel expenses' is credited with the commission amount.
• 😀 Business gifts, such as mobile phones given to business relations, were recorded under 'supplies' instead of 'representations'.
• 😀 The correction for business gifts is to move the amount from 'supplies' to 'representations'.
• 😀 The sale of used boxes was incorrectly recorded as an expense instead of being classified as 'other income'.
• 😀 The adjustment for the sale of used boxes involves transferring the entry from 'representations' to 'other income'.
• 😀 A payment made to a hospital for employee welfare was recorded in 2019, though it should have been accounted for in 2018. The correction involves debiting 'employee welfare' and crediting 'accrued liabilities'.
• 😀 An audit found that PPh Pasal 23 (tax on professional services) had not been paid, and the proposed adjustment includes debiting 'professional services' and crediting 'tax liabilities'.

Q & A

What is the main topic discussed in the transcript?

The transcript focuses on auditing revenue and expenses, specifically in the context of auditing income and liabilities, such as wages, commissions, and taxes.

What is the issue with the recording of PPh Pasal 21 (Income Tax Article 21) mentioned in the transcript?

The issue is that PPh Pasal 21, which is related to employee salary deductions, was mistakenly recorded under 'Other Expenses' instead of 'Salary Expenses'.

How should the error regarding PPh Pasal 21 be corrected?

The correction involves debiting the salary expenses and crediting the 'Other Expenses' account to reflect the proper classification of the PPh Pasal 21.

What mistake was found in the recording of sales commission expenses?

The sales commission, paid to individuals outside the company, was incorrectly recorded as 'Travel and Accommodation Expenses' instead of being classified as 'Representation Expenses'.

How should the sales commission expense be corrected?

The correction involves debiting the 'Representation Expenses' account and crediting 'Travel and Accommodation Expenses' with the amount paid for the sales commission.

What was the error in the recording of mobile phone expenses given to business relations?

The mobile phone expenses provided to business relations were wrongly recorded under 'Supplies' instead of 'Representation Expenses'.

How should the mobile phone expense be corrected?

The correction involves debiting the 'Representation Expenses' account and crediting the 'Supplies' account.

What is the issue regarding the hospital payment made for an employee’s child?

The payment was made in 2019, but it was recorded as a 2018 expense, leading to the need for an adjustment to recognize it in the correct fiscal year.

How should the hospital payment expense be adjusted?

The hospital payment should be recognized as a 2018 expense by debiting 'Employee Welfare Expenses' and crediting 'Accrued Expenses', reflecting that the liability was incurred in 2018.

What is the issue with the company’s PPh Pasal 23 (Income Tax Article 23) regarding professional services?

The issue is that the company has not paid the PPh Pasal 23 for professional services, and the tax obligation has not been properly recorded.

How should the unpaid PPh Pasal 23 be recorded?

The correction involves debiting 'Professional Services' expenses and crediting 'PPh Pasal 23 Payable' with the unpaid tax amount.

What is the process for checking whether PPh Pasal 21 and PPh Pasal 25 calculations are accurate?

The process includes verifying whether the tax calculations are correct based on employee wages, tax rates, and exemptions, followed by comparing the actual payments against the calculated tax obligations.

What was the discrepancy found in the PPh Pasal 21 calculation?

The discrepancy was that the PPh Pasal 21 tax amount that was paid was lower than the calculated amount, leading to an outstanding balance.

How should the outstanding PPh Pasal 21 be adjusted?

The adjustment involves reducing the 'Salary Expenses' account by the overpaid PPh Pasal 21 amount, and reconciling the difference with the outstanding tax liability.