Urgensi Pengembangan Akuntansi Keuangan Sektor Publik*

Summary

This video explores the development of public sector financial accounting, highlighting the shift from cash-based to accrual-based accounting, which began in the 1990s and has significantly expanded globally. It emphasizes the growing adoption of accrual accounting in about 36% of countries as of 2018, and the efforts of international organizations to foster transparency in public financial management. The script also focuses on Indonesia's rapid advancement in government financial accounting, through key reforms and the introduction of specific standards for diverse governmental institutions, including the management of Village Funds and Public Service Agencies (BLU).

Takeaways

• 😀 The development of public sector financial accounting at the international level has seen significant progress, especially with the adoption of accrual-based accounting by many countries since the 1990s.
• 😀 As of 2018, approximately 36% of the 156 surveyed countries have implemented accrual-based accounting, with the number expected to rise in the future.
• 😀 The International Public Sector Accounting Standards Board (IPSASB) plays a key role in promoting the adoption of accrual-based accounting and transparency in financial management.
• 😀 IPSASB’s strategy from 2019-2023 focuses on strengthening public financial management (PFM) globally, emphasizing the adoption of IPSAS standards.
• 😀 In Indonesia, public sector financial accounting has evolved significantly, driven by reforms in state financial management and the introduction of various laws governing state finances.
• 😀 The development of government accounting standards in Indonesia is spearheaded by the Government Accounting Standards Board (KSAP), established through a Presidential Decree.
• 😀 Key regulations and standards in Indonesia include the Government Accounting Standards (PSAP) and various revisions of PSAK, alongside technical bulletins and guidelines.
• 😀 The development of public sector financial accounting in Indonesia addresses new financial management challenges, such as managing Village Funds and the unique accounting needs of Public Service Agencies (BLU/BLUD).
• 😀 Indonesia’s Public Service Agencies (BLU/BLUD) require specialized accounting standards due to their hybrid financial management patterns, separate from traditional government accounting practices.
• 😀 Synergy between professional organizations like IAI (Indonesian Institute of Accountants) and government institutions is crucial for aligning commercial and government accounting standards for consistent financial reporting.

Q & A

What is the main focus of the presentation?

The main focus of the presentation is the development of public sector financial accounting at an international level, including the application of accrual-based accounting and its adoption in various countries.

What is the significance of accrual-based accounting in the public sector?

Accrual-based accounting in the public sector ensures a more transparent and accurate representation of government financial transactions, moving beyond the traditional cash basis to better reflect long-term financial obligations.

How has the adoption of accrual-based accounting evolved globally?

The adoption of accrual-based accounting began in the early 1990s and has grown significantly, with around 36% of the surveyed 156 countries implementing it by 2018. This number is expected to continue increasing.

What is IPSAS, and what role does it play in public sector accounting?

IPSAS (International Public Sector Accounting Standards) plays a critical role in guiding the development of public sector accounting, providing international standards to enhance transparency and accountability in financial management.

What is the purpose of the work plan for 2019-2023 mentioned in the presentation?

The work plan for 2019-2023 aims to strengthen public financial management globally by increasing the adoption of IPSAS, with a focus on developing high-quality public sector financial reports.

What is the role of KSAP in Indonesia's public sector financial accounting?

KSAP (Indonesian Government Accounting Standards Board) plays a pivotal role in Indonesia's public sector financial accounting by developing and issuing government accounting standards, starting from its formation to the present.

How has public sector financial accounting evolved in Indonesia?

Public sector financial accounting in Indonesia has evolved rapidly, with reforms marked by the introduction of several laws related to state finance, and the development of government accounting standards by KSAP.

What challenges are associated with managing village funds and new institutional forms in Indonesia?

Managing village funds and new institutional forms like Public Service Agencies (BLU) requires special accounting standards due to their distinct financial management patterns, which differ from those of central and regional government work units.

Why is it important to synchronize accounting standards between BUMNs and government entities?

Synchronizing accounting standards between state-owned enterprises (BUMNs) and government entities is important to avoid inconsistencies and ensure accurate financial reporting, as these entities follow different guidelines.

What initiatives is IAI involved in to improve public sector accounting in Indonesia?

IAI (Indonesian Institute of Accountants) is actively involved in formulating various guidelines for public sector accounting, including those for village funds, campaign fund reporting, Islamic boarding schools, and public service agencies like BLU/BLUD.