Akuntansi Penjualan Konsinyasi 2 AKUNTANSI BAGI PENGAMANAT

Summary

In this educational video, Muhammad Hafid from Universitas Negeri Semarang discusses advanced financial accounting, focusing on consignment sales accounting for both the consignor and the commissioner. The video explains key concepts, including inventory management, cost accounting, and the recognition of revenues and expenses, with examples to illustrate the processes. Hafid covers the methods for recording transactions, including separate versus combined accounting, and the necessary journal entries for consignment-related costs and sales. He also addresses the importance of properly adjusting for unsold inventory and deferred costs to align with accounting principles. The video aims to provide students with practical insights for mastering consignment accounting.

Takeaways

• 😀 The video focuses on advanced financial accounting, specifically consignment sales accounting for both consignors and consignees.
• 😀 The consignment process involves several key steps: shipment of goods, periodic checks, and handling of unsold items.
• 😀 Two methods for accounting consignment sales: 1) transactions recorded separately, and 2) transactions not recorded separately (mixed with regular sales).
• 😀 In the first method, consignment revenue and profit are accounted for separately, while in the second method, consignment sales are merged with regular sales.
• 😀 A sample journal entry for consignment involves debiting consignment inventory and crediting the consignor's inventory, reflecting the transfer of goods.
• 😀 Expenses related to consignment sales, such as shipping and advertising, can be recorded differently depending on whether the method is separate or mixed.
• 😀 The consignor also needs to periodically check the status of goods at the consignee, determining what has sold and what has not.
• 😀 Adjustments need to be made at the end of the accounting period if goods remain unsold, ensuring that expenses tied to those unsold goods are appropriately recognized.
• 😀 The concept of 'matching' accounting principle is essential in consignment sales, ensuring that revenues and expenses are aligned within the same period.
• 😀 If a consignment agreement ends (either by the consignor or consignee), the unsold goods must be handled, and any remaining costs or liabilities must be adjusted.
• 😀 The video concludes with a practical example of consignment sales accounting involving a company selling office furniture through consignment, detailing journal entries and expense allocation.

Q & A

What is the primary focus of this video?

The primary focus of this video is on **advanced financial accounting** related to **consignment sales**, specifically the accounting practices for consignors and consignees.

What is the relationship between the consignor and the consignee in consignment sales?

In consignment sales, the **consignor** is the supplier of goods, while the **consignee** sells the goods on behalf of the consignor. The consignor retains ownership of the goods until they are sold.

What are the key activities in consignment sales accounting for the consignor?

The key activities for the consignor include sending goods to the consignee, tracking the goods, recording the sale of goods, and recognizing revenue and associated expenses once the goods are sold by the consignee.

How is the consignment sale process managed by the consignee?

The consignee sells the goods on behalf of the consignor, and records the sales, expenses such as shipping or packing costs, and commissions. The consignee also checks inventory periodically and returns unsold goods to the consignor if needed.

What are the two accounting methods discussed in the video for consignment sales?

The two accounting methods discussed are: **Separate Method (terpisah)**, where consignment sales are recorded separately from regular sales, and **Non-separate Method (tidak terpisah)**, where consignment sales are combined with regular sales.

Can you explain the **Separate Method (terpisah)** in consignment accounting?

In the **Separate Method**, the consignor's revenue and profits from consignment sales are recorded separately from their regular sales, distinguishing consignment sales from other types of sales.

How does the **Non-separate Method (tidak terpisah)** work in consignment sales accounting?

Under the **Non-separate Method**, consignment sales are mixed with regular sales. The consignor does not differentiate between consignment sales and regular sales in their accounting records.

What happens during the periodic inventory checks by the consignor?

During periodic checks, the consignor visits the consignee to verify how many goods have been sold, checks the unsold items, and if needed, replaces any items that have expired or are damaged.

What is the significance of the **matching principle** in consignment sales accounting?

The **matching principle** ensures that the revenue from consignment sales is matched with the corresponding expenses during the same period, ensuring an accurate representation of profit or loss for the period.

What are some of the costs and expenses the consignor might incur in consignment sales?

The consignor may incur various costs such as **shipping**, **packaging**, **commission fees**, and **handling costs**. These expenses are either borne by the consignor or reimbursed by the consignee based on the agreement.