PENGANTAR AKUNTANSI 1, PERTEMUAN KE 2: PENGANTAR AKUNTANSI DAN BISNIS (BAGIAN 2)

Summary

In this second session, the speaker discusses key concepts related to financial accounting standards in Indonesia, including the Indonesian Financial Accounting Standards (PSAK) and the International Financial Reporting Standards (IFRS). The goal is to ensure that financial statements are comparable and adhere to standardized practices. The session also covers the business entity concept, the importance of separating business and personal transactions, and the different types of business entities. Additionally, the speaker highlights the importance of accounting principles, such as cost, objectivity, and measurement units. Lastly, the session touches on career opportunities in accounting and the lucrative salary prospects in the field.

Takeaways

• 😀 The discussion covers two main accounting standards: Indonesian Financial Accounting Standards (PSAK) and International Financial Reporting Standards (IFRS).
• 😀 The primary goal of these accounting standards is to ensure consistency in financial reporting, enabling investors and stakeholders to compare financial statements across companies.
• 😀 PSAK is developed by the Financial Accounting Standards Board (DSAK) under the Indonesian Institute of Accountants (IAI).
• 😀 The IFRS is created by the International Accounting Standards Board (IASB) to standardize financial reporting globally.
• 😀 One key accounting concept discussed is the 'business entity' concept, which maintains that business activities should be recorded separately from personal activities of owners or stakeholders.
• 😀 The importance of not mixing personal and business transactions is emphasized, especially from the perspective of entrepreneurs who may sometimes confuse the two.
• 😀 There are four types of business entities: sole proprietorship, partnership, corporation, and operation.
• 😀 The concept of 'cost' in accounting refers to recording assets at their acquisition cost, including all expenses until the asset is ready for use.
• 😀 The 'objectivity' concept in accounting insists that financial statements should be based on objective, verifiable evidence.
• 😀 The 'unit of measurement' concept stresses that all financial transactions must be recorded in the same currency (in this case, Indonesian Rupiah), ensuring consistency in reporting.
• 😀 The demand for accountants is growing, with lucrative salary ranges, especially for positions like financial managers and accountants. For example, an accountant can earn a salary ranging from 4 million to 40 million IDR, depending on their role and expertise.

Q & A

What is the purpose of financial accounting standards in Indonesia?

The purpose of financial accounting standards in Indonesia is to ensure that financial reports follow a uniform standard, allowing investors and stakeholders to compare the financial statements of different companies.

Who creates the Indonesian Financial Accounting Standards (PSAK)?

The Indonesian Financial Accounting Standards (PSAK) are created by the Financial Accounting Standards Board (DSAK) under the Indonesian Institute of Accountants (IAI).

What are International Financial Reporting Standards (IFRS)?

International Financial Reporting Standards (IFRS) are global accounting standards used for the preparation of financial statements, aiming to standardize and streamline financial reporting across different countries.

What is meant by the 'business entity concept' in accounting?

The 'business entity concept' in accounting states that the activities of a business should be recorded separately from those of its owner, creditors, or other stakeholders. This ensures clarity and prevents the mixing of business and personal finances.

What are the four types of business entities mentioned in the transcript?

The four types of business entities mentioned are sole proprietorships, partnerships, corporations, and operations.

What does the concept of 'cost' refer to in financial accounting?

The 'cost' concept refers to recording items in the financial statements at their acquisition cost, which includes the purchase price and any additional expenses necessary to make the asset ready for use.

What is the 'objectivity concept' in financial accounting?

The 'objectivity concept' in financial accounting means that financial transactions should be recorded based on objective evidence, such as invoices or contracts, to ensure accuracy and transparency.

What does the 'unit of measurement' concept refer to in accounting?

The 'unit of measurement' concept states that all financial transactions should be recorded in a consistent unit, such as the local currency (Rupiah in Indonesia), to ensure uniformity in financial reporting.

How is the demand for accountants in the job market?

There is a high demand for accountants, with competitive salaries. For example, a finance manager can earn between 25 to 40 million IDR, and even an assistant accountant earns about 4 million IDR.

What is the potential career path for accounting graduates in Indonesia?

Accounting graduates in Indonesia can pursue careers in various roles, starting from assistant accountants to financial managers, with the potential to earn high salaries and progress to senior accounting positions.