PSAK 10 Pengaruh Perubahan Kurs Valuta Asing

IGAA Tata Intan Tamara (1607531009)
Alit Wahyuningsih (1607531041)

PSAK 10 Pengaruh Perubahan Kurs Valuta Asing
(The Effects of Changes in Foreign Exchange Rates)
The objective of PSAK 10 is to prescribe how to include foreign currency transactions
and foreign operations in the financial statements of an entity and how to translate financial
statements into a presentation currency. This statement applies to: (a) accounting for
transactions and balances in foreign currencies, except derivative transactions and balances that
fall within the scope of PSAK 55: Financial Instruments: Recognition and Measurement; (b)
the translation of the results and financial position of foreign business activities included in the
entity's financial statements by means of consolidation or the equity method; and (c) the
translation of the results and financial position of an entity into the presentation currency.
There are several key definitions that stated in PSAK 10; Functional currency: the
currency of the primary economic environment in which the entity operates. Presentation
currency: the currency in which financial statements are presented. Exchange difference: the
difference resulting from translating a given number of units of one currency into another
currency at different exchange rates. Foreign operation: a subsidiary, associate, joint venture,
or branch whose activities are based in a country or currency other than that of the reporting
entity.
A foreign currency transaction should be recorded initially at the rate of exchange at
the date of the transaction (use of averages is permitted if they are a reasonable approximation
of actual). At each subsequent balance sheet date: (a) Foreign currency monetary amounts
should be reported using the closing rate (b) Non-monetary items carried at historical cost
should be reported using the exchange rate at the date of the transaction (c) Non-monetary
items carried at fair value should be reported at the rate that existed when the fair values were
determined Entity discloses: (a) The amount of foreign exchange differences recognized in
profit or loss, except for foreign exchange differences that arise in financial instruments
measured at fair value through profit or loss in accordance with PSAK 55: Financial
Instruments: Recognition and Measurement; and (b) Net foreign exchange differences that are
recognized in other comprehensive income and accumulated in separate equity components, as
well as reconciling the foreign exchange differences at the beginning and end of the period.
Translation from the functional currency to the presentation currency. The results
and financial position of an entity whose functional currency is not the currency of a
hyperinflationary economy are translated into a different presentation currency using the
following procedures:
(a) Assets and liabilities for each balance sheet presented (including comparatives) are
translated at the closing rate at the date of that balance sheet. This would include any goodwill
arising on the acquisition of a foreign operation and any fair value adjustments to the carrying
amounts of assets and liabilities arising on the acquisition of that foreign operation are treated
as part of the assets and liabilities of the foreign operation;
(b) Income and expenses for each income statement (including comparatives) are translated at
exchange rates at the dates of the transactions; and
(c) All resulting exchange differences are recognized in other comprehensive income.
Tax effects of exchange differences. Gains or losses on foreign currency transactions
and exchange differences arising from the translation of results and the financial position of an
entity into a different currency may have tax effects. PSAK 46 is applied to the effect of this
tax.
What is meant by this statement; “The results and financial position of an entity whose
functional currency is not the currency of a hyperinflationary….” ?

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IGAA Tata Intan Tamara (1607531009)

Alit Wahyuningsih (1607531041)

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