PIJAK #48 – Implementasi SAK EP di Indonesia: Transisi dari SAK ETAP ke SAK EP untuk Sektor Bisnis

Summary

This video discusses the upcoming transition from ETAP to PSAK for private entities in Indonesia, effective in 2025. Key points include the necessity for businesses, tax consultants, and educators to adapt to the new accounting and financial reporting standards. The speakers emphasize the importance of training, understanding, and collaboration to ensure smooth implementation. They highlight the role of audits, the impact on taxation, and the educational gap that must be addressed to prepare professionals for the change. The video encourages staying updated through relevant social media and training sessions.

Takeaways

• 😀 The transition from ETAP to EP (Entitas Privat) will require businesses to adjust their accounting and reporting practices to meet new standards, effective in 2025.
• 😀 Businesses will need to ensure that their financial statements are in compliance with the revised accounting policies and standards set by PSAK.
• 😀 The key change with EP is the increased focus on how financial reporting aligns with tax obligations, particularly in terms of asset valuation and deferred tax recognition.
• 😀 Vocational education programs, including those for high school (SMK) and university students, need to update their curricula to reflect the new accounting and taxation standards.
• 😀 Accountants and tax professionals must stay informed about the new policies, as their role in ensuring compliance with EP will be crucial for businesses in the upcoming years.
• 😀 Users of financial statements, particularly public accountants, will play a significant role in monitoring and ensuring the correct implementation of the EP standards in organizations.
• 😀 The success of this transition will depend largely on how effectively both businesses and education sectors prepare for the implementation of EP accounting principles.
• 😀 Educational institutions are encouraged to engage with industry experts to ensure that their programs are aligned with the changes in accounting standards for private entities.
• 😀 The changes to accounting and tax regulations are intended to improve the transparency and accuracy of financial reporting, fostering greater trust in the financial system.
• 😀 The upcoming mini-class sessions will provide additional insights on the key points of transition, with an emphasis on how entities can properly adapt their financial systems and reporting practices.

Q & A

What is the main focus of the shift from ETAP to EP in accounting standards?

The shift from ETAP (Entitas Tanpa Akuntabilitas Publik) to EP (Entitas Privat) focuses on improving transparency and accountability in financial reporting. EP aims to align financial statements with global standards while maintaining simplicity and relevance for private entities.

Why is the transition to EP important for businesses in Indonesia?

The transition to EP is crucial for businesses because it ensures that financial reporting is more accurate and meets the expectations of stakeholders, including regulators and investors. It also prepares businesses for better transparency and governance, especially when dealing with external audits or public funding.

How will the change in accounting standards affect tax reporting?

The change in accounting standards, especially in terms of asset recognition and tax liabilities, will affect how taxes are calculated, particularly with deferred taxes. Businesses will need to adjust their tax reporting and ensure alignment with the updated financial reporting standards.

What role do financial statement users play in the adoption of PSAK EP?

Financial statement users, including investors, creditors, and auditors, play a critical role in the adoption of PSAK EP. Their need for clear, accurate, and transparent financial data will drive companies to adopt the new standards, ensuring that financial decisions are based on reliable information.

How should businesses prepare for the upcoming changes in accounting standards?

Businesses should prepare by providing training to their accounting and tax teams, reviewing and updating internal financial processes, and ensuring that their reports align with the new standards. Conducting internal audits and seeking expert consultations are also crucial steps.

What are the educational implications of the shift to PSAK EP for accounting students?

The shift to PSAK EP means that accounting curriculums, especially in vocational schools and universities, need to update their materials to reflect the new standards. Students must be taught about the new principles of asset recognition, tax liabilities, and financial statement consolidation.

How will the transition to PSAK EP impact smaller, private entities in Indonesia?

Smaller, private entities will need to adjust their accounting practices to comply with PSAK EP. While the standard simplifies some aspects, the changes in asset and liability recognition may require them to implement more robust accounting systems and improve financial transparency.

What are the key changes under PSAK EP that businesses need to focus on?

Key changes under PSAK EP include adjustments in how assets, liabilities, and deferred taxes are reported, the introduction of simplified consolidation rules, and the need to ensure that financial reports are more transparent and relevant for decision-making.

What is the significance of the Mini Class mentioned in the script?

The Mini Class is an educational initiative designed to help businesses and professionals understand the 14 key changes in PSAK EP. It will cover critical aspects of the new standards, such as recognition principles and measurement criteria, providing a deeper understanding of the implications for accounting and taxation.

How will the changes in PSAK EP affect the relationship between accountants and other stakeholders?

The changes will strengthen the relationship between accountants and stakeholders, as accurate financial reporting becomes more critical for decision-making. Accountants will need to work closely with auditors, tax consultants, and business leaders to ensure compliance with the new standards and provide transparent financial data.