Scribd Logo
Upload

Welcome to Scribd!

  • 371 views

    Resume Kieso CHAPTER 17

    Uploaded by

    A Rahma
    The document discusses accounting for various types of financial assets including debt investments and equity investments. It provides examples of accounting entries for initial recognition, subsequent measurement, and sale of debt investments classified as amortized cost and fair value. It also discusses accounting for equity investments that represent less than 20% ownership of an entity, including initial recognition, fair value adjustment, and sale of investments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Resume Kieso CHAPTER 17

    Uploaded by

    A Rahma
    371 views7 pages
    The document discusses accounting for various types of financial assets including debt investments and equity investments. It provides examples of accounting entries for initial recognition, subsequent measurement, and sale of debt investments classified as amortized cost and fair value. It also discusses accounting for equity investments that represent less than 20% ownership of an entity, including initial recognition, fair value adjustment, and sale of investments.

    Original Title

    resume kieso CHAPTER 17

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses accounting for various types of financial assets including debt investments and equity investments. It provides examples of accounting entries for initial recognition, subsequent measurement, and sale of debt investments classified as amortized cost and fair value. It also discusses accounting for equity investments that represent less than 20% ownership of an entity, including initial recognition, fair value adjustment, and sale of investments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    371 views7 pages

    Resume Kieso CHAPTER 17

    Uploaded by

    A Rahma
    The document discusses accounting for various types of financial assets including debt investments and equity investments. It provides examples of accounting entries for initial recognition, subsequent measurement, and sale of debt investments classified as amortized cost and fair value. It also discusses accounting for equity investments that represent less than 20% ownership of an entity, including initial recognition, fair value adjustment, and sale of investments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7

    CHAPTER 17 : INVESTMENT

     ACCOUNTING FOR FINANCIAL ASSETS


    Financial Assets:
    Cash
    Equity investment of another company
    Contractual right to receive cash from another party
     Measurement Basis
    - Model perusahaan dalam pengelolaan aset keuangannya.
    - Karakteristik kontraktual Cash Flow dari financial assets.
     DEBT INVESTMENTS
     Debt Investments – Amortized Cost
    Contoh : Robinson Company membeli bonds 100.000, 8% dari Evermaster Corporation pada
    1 Januari 2015, discount, dibayar 92.278.
    Jatuh tempo 1 Jan 2020, yield 10%, int payable I July dan 1 January.
    Jurnal 1 Januari 2015

    Debt Investments 92.278


    Cash 92.278

    Cash 4.000
    Debt Investment 614
    Interest Revenue 4.614

    Jurnal 1 Juli 2015 (interest payment)

    Mengakui interest dan amortisasi diskon, 31 Des 2015


    Interest Receivable 4.000
    Debt Investments 645
    Interest Revenue 4.645

    Perusahaan menjual bond sebelum Jatuh Tempo


    Robinson menjual investment dari Evermaster pada 1 November 2017, 993/4 plus
    accrued interest. Disc amortization 1 Juli 2017-1 Nov 2017 adalah 522 ( 4/6 x 783).
    Robinson mencatat jurnal 1 Nov 2017
    Debt Investments 522
    Interest Revenue 522

    Perhitungan:

    Selling Price of bonds (exclusive of acc interest) 99.750


    Less : BV of Bonds 1 Nov 17:

    Amortized Cost, 1 Juli 17 95.671


    Add : Disc amortisasi 1 Juli 17–1 Nov 17 522 96.193
    Gain on sale of bonds 3.557

    Jurnal penjualan 1 Nov 2017


    Cash 102.417
    Interest Revenue (4/6 x 4.000) 2.667
    Debt Investments 96.193
    Gain on Sale of Investments 3.557

     Debt Investments – Fair Value


    Contoh : Debt Investment at Fair Value (Single Security)
    Contoh sama dengan atas. Lalu, pada tanggal 1 Januari 2015 Robinson membeli
    obligasi Evermaster Corporation dengan nominal 100.000, 8%, at disc dengan
    membayar 92.278. Bonds jatuh tempo 1 Januari 2020, yield 10%, int payable 1 Juli
    dan 1 Januari.

    Jurnal selama 2015:

    1 Januari 2015
    Debt Investments 92.278
    Cash 92.278

    1 Juli 2015

    Cash 4.000
    Debt Investments 614
    Interest revenue 4.614
    31 Desember 2015
    Interest receivable 4.000
    Debt Investments 645
    Interest Revenue 4.645

    If the debt investments is held-for-collection, no further entries.

    To apply the fair value approach, Robinson determines that, due to a decrease in
    interest rates, the fair value of the debt investment increased to €95,000 at December
    31, 2015. Comparing the fair value with the carrying amount of these bonds at
    December 31, 2015, Robinson has an unrealized holding gain of €1,463.

    Investment Amortisasi Fair Value Unrealized


    Cost Gain (Loss)
    Evermaster Corp 10% bonds 94.925 94.000 (925)
    Less : Previous FV Adj. balance (Dr.) 1.463
    FV Adjustment (Cr.) (2.388)
    Fair Value 31 Desember 2015 95.000
    Amortized cost at 31 Des 2015 93.537
    Unrealized holding gain or (loss) 1.463
    Jurnal:
    Fair Value Adjustment 1.463
    Unrealized Holding Gain or Loss – Income 1.463

    Apabila 31 Desember 2016 asumsikan Fair Value debt investments adalah 94.000,
    Robinson akan mencatat holding loss 2.388 dengan perhitungan:

    Bila pada 1 Nov 2017, Robinson menjual investasi bond Evermaster dengan harga
    993/4 plus bunga. Maka robinson membuat jurnal untuk mengeliminasi valuation
    account.

    Jurnal 31 Des 2017

    Unrealized Holding Gain or Loss – Income 2.388


    FV Adjustement 2.388

    Fair Value Adjustment 925


    Unrealized Holding Gain or Loss – Income 925
    Contoh : Debt Investment at Fair Value (Single Security)

    Investment Amortisasi Fair Value Unrealized Gain (Loss)


    Watson Corp, 8% bonds 93.537 103.600 10.063
    Anacomp Corp, 10% bonds 200.000 180.400 (19.600)
    Total of Portofolio 293.537 284.000 (9.537)
    Previous FV adj balance 0
    FV adjustments (9537)
    Wang Corporation memiliki 2 debt investment dicatat menggunakan Fair Value. Dengan data

    Jurnal 31 Des 2015

     Sale of Debt Investments


    Wang Corp menjual Watson Bonds pada 1 Juli 2016 sebesar 90.000 dengan amortized

    Unrealized Holding Gain or Loss – Income 9.537


    Fair Value Adjustment 9.537

    cost (nilai buku) sebesar 94.214


    Loss on Sale of Bonds : 94.214 – 90.000 = 4.214
    Jurnal 1 Juli 2016

    Cash 90.000
    Loss on Sale Investments 4.214
    Debt Investments 94.214

    Investment Amortisasi Fair Value Unrealized Gain (Loss)


    Anacomp Corp 10% bonds (total 200.000 195.000 (5.000)
    portofolio)
    Previous FV Adj balance – Cr. (9537)
    FV Adj – Dr. 4.537

    Jurnal Wang 31 Des 2016

     Fair Value Option

    Fair Value Adjustment 4.537


    Unrealized Holding Gain or Loss – Income 4.537

    Contoh : Hardy Comp membeli bond German Bank. Jatuh tempo 5 tahun. 31 Desember 2015
    amortized cost : 100.000, FV 31 Des 2015: 113.000. Apabila Hardy memilih FV
    option, maka jurnal 31 Des 2015:

    Debt Investment (German Bonds) 13.000


    Unrealized Holding Gain or Loss – Income 13.000


    EQUITY INVESTMENT
    The classification of such investments depends on the percentage of the investee voting
    shares that is held by the investor:
    1. Holdings of less than 20 percent (fair value method)—investor has passive
    interest.
     Equity Investments – Trading (Income)

    Contoh: 3 November 2015 Republic Corp membeli ordinary shares dari 3 perushaan,
    setiap perusahaan investasinya kurang dari 20%

    Burberry 259.700
    Nestle 317.500
    St. Regis 141.350
    Total 718.550
    Republic mencatat sebagai berikut:

    3 November 2015

    Equity Investment 718.550


    Cash 718.550

    6 Desember 2015

    Cash 4.200
    Dividend Revenue 4.200

    Investment Carrying Value Fair Value Unrealized Gain (Loss)


    Burberry 259.700 275.000 15.300
    Nestle 317.500 304.000 (13.500)
    St. Regis 141.350 104.000 (37.350)
    Total of portofolio 718.550 683.000 (35.550)
    Previous FV adj balance 0
    FV adjustments (35.550)
    Pada 31 Desember 2015 carrying value dan fair value :

    Jurnal 31 Desember 2015


    Unrealized Holding Gain or Loss – Income 35.550
    FV Adjustments 35.550

    23 Januari 2016, Republic menjual Burberry Ordinary Shares, dengan menerima


    287.220, dengan perhitungan:
    Net Proceeds from sale 287.220
    Cost of Burberry shares 259.700
    Gain of Sale of Shares 27.520
    Cash 287.220
    Equity Investments 259.700
    Gain on Sale of Investments 27.520

    10 Februari 2016, Repiblic membeli senilai 255.000 membeli saham Continental


    (20.000 x 12.75 per share) plus broker fee 1.850

    Investment Carrying Value Fair Value Unrealized Gain (Loss)


    Continental Trucking 255.000 278.350 23.350
    Nestle 317.500 362.550 45.050
    St. Regis 141.350 139.050 (2.300)
    Total of portofolio 718.550 779.950 66.100
    Previous FV adj balance (35.550)
    FV adjustments 101.650
    31 Desember 2016

    FV Adjustment 101.650
    Unrealized Holding Gain or Loss – Income 101.650

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy