5-1. 5-2 bab 5 laporan posisi keuangan dan laporan arus kas intermediate accounting ifrs edition...

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BAB 5BAB 5LAPORAN POSISI KEUANGAN DAN LAPORAN POSISI KEUANGAN DAN

LAPORAN ARUS KASLAPORAN ARUS KAS

Intermediate AccountingIFRS Edition

Kieso, Weygandt, and Warfield

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Laporan Posisi Laporan Posisi KeuanganKeuangan

Informasi Informasi TambahanTambahan

KegunaanKegunaan

BatasanBatasan

KlasifikasiKlasifikasi

CatatanCatatan

Teknik Teknik

PengungkapanPengungkapan

Pedoman lainnyaPedoman lainnya

LAPORAN POSISI KEUANGAN DAN LAPORAN POSISI KEUANGAN DAN LAPORAN ARUS KASLAPORAN ARUS KAS

LAPORAN POSISI KEUANGAN DAN LAPORAN POSISI KEUANGAN DAN LAPORAN ARUS KASLAPORAN ARUS KAS

Laporan Arus KasLaporan Arus Kas

TujuanTujuan

Isi dan FormatIsi dan Format

PerseiapanPerseiapan

KegunaanKegunaan

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Statement of Financial PositionStatement of Financial PositionStatement of Financial PositionStatement of Financial Position

Laporan Posisi Keuangan, disebut juga sebagai Neraca:

1. Laporan aset, kewajiban, dan ekuitas pada tanggal tertentu.

2. Memberikan informasi tentang sumber daya, kewajiban

kepada kreditur, dan ekuitas dalam sumber daya bersih.

3. Membantu dalam memprediksi, waktu, dan ketidakpastian arus

kas masa depan.

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Menghitung tingkat pengembalian.

Menevaluasi struktur modal

Menilai resiko dan arus kas masa depan .

Menganalisa perusahaan:

Likuiditas

Solvabilitas

Fleksibilitas keuangan

Kegunaan


LO 1 Explain the uses and limitations of a statement of financial position.LO 1 Explain the uses and limitations of a statement of financial position.

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Kebanyakan aset dan kewajiban dilaporkan

berdasarkan biaya perolehan.

Menggunakan penilaian dan estimasi.

Banyak nilai keuangan yang dihilangkan.

Keterbatasan

LO 1 Explain the uses and limitations of a statement of financial position.LO 1 Explain the uses and limitations of a statement of financial position.


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Klasifikasi

LO 2 Identify the major classifications of the statement of financial position.LO 2 Identify the major classifications of the statement of financial position.


Unsur Laporan Posisi Keuangan

1.Aset

2.Kewajiban

3.EkuitasUnsur Laporan Posisi Keuangan

1.Aset

2.Kewajiban

3.Ekuitas

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Subklasifikasi


AsetAktiva Tdk Lancar

Investasi

Perlengkapan, tanah dan peralatan

Aset tak berwujud

Aset lainnya

Aktiva lancar

Kewajiban dan EkuitasEkuitas

Bagian saham

Bagian Agio

Saldo laba

Akumulasi pendapatan komprehensif

Saham minoritas

Kewajiban tdk lancar

Kewajiban lancar

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Secara umum terdiri dari:

Investasi jangka panjang

Tanah, Bangunan dan peralatan

Aset tak berwujud

Aset lainnya

ClassificationClassificationClassificationClassification


Aktiva tak lancar

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Investasi Jangka Panjang

1. Sekuritas (bonds, ordinary shares, or long-term notes).

2. Aktiva tak berwujud saat tidak digunakan dalam

operasi (tanah yang dimiliki untuk spekulasi).

3. Dana Khusus (dana pembayaran utang, pensiun dan dana

pengembangan perusahaan).

4. Bukan anak perusahaan atau cabang dan asosianya

Non-Current Assets


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Tangible long-lived assets used in the regular operations

of the business.

Physical property such as land, buildings, machinery,

furniture, tools, and wasting resources (minerals).

With the exception of land, a company either depreciates

(e.g., buildings) or depletes (e.g., oil reserves) these

assets.

Tanah Bangunan dan Peralatan



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Investments in Debt and Equity Securities



Portfolio Type Valuation Classification

Held-for-Collection

DebtAmortized

CostCurrent or Noncurrent

Trading Debt or Equity Fair Value Current

Non-Trading Equity

Equity Fair ValueCurrent or Noncurrent

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Investments in Debt and Equity Securities



Portfolio Type Valuation Classification

Held-for-Collection

DebtAmortized

CostCurrent or Noncurrent

Trading Debt or Equity Fair Value Current

Non-Trading Equity

Equity Fair ValueCurrent or Noncurrent

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Lack physical substance and are not financial

instruments.

Patents, copyrights, franchises, goodwill, trademarks,

trade names, and customer lists.

Amortize limited-life intangible assets over their useful

lives.

Periodically assess indefinite-life intangibles for

impairment.

Intangible Assets



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Items vary in practice. Can include:

Long-term prepaid expenses

Non-current receivables

Assets in special funds

Property held for sale

Restricted cash or securities

Other Assets



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Cash and other assets a company expects to convert into cash, sell, or consume either in one year or in the operating cycle, whichever is longer.

Current Assets


Illustration 5-5


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Inventories

Disclose:

Basis of valuation (e.g., lower-of-cost-or-market).

Cost flow assumption (e.g., FIFO or average cost).

LO 2LO 2


Illustration 5-6

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Claims held against customers and others for

money,

goods, or

services.

Major categories of receivables should be shown in the statement of financial position or the related notes.

Receivables



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Payment of cash, that is recorded as an asset because Payment of cash, that is recorded as an asset because service or benefit will be received in the future.service or benefit will be received in the future.

insuranceinsurance

suppliessupplies

advertisingadvertising

Cash PaymentCash Payment Expense RecordedExpense RecordedBEFORE

rentrent

maintenance on equipmentmaintenance on equipment

Prepayments often occur in regard to:Prepayments often occur in regard to:

Prepaid Expenses



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Generally any monies available “on demand.”

Cash equivalents - short-term highly liquid investments that mature within three months or less.

Restrictions or commitments must be disclosed.

Cash



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Equity



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Equity



Ordinary shares and preference shares - must disclose

the par value and the authorized, issued, and outstanding

amounts.

Share premium - company usually presents one amount

for ordinary and preference shares.

Retained earnings - amount may be divided between the

unappropriated and restricted amounts.

Treasury shares - shown as a reduction of equity.

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Non-Current Liabilities



Obligations that a company does not reasonably expect to

liquidate within the longer of one year or the normal

operating cycle. Three types:

1. Obligations arising from specific financing situations.

2. Obligations arising from the ordinary operations of the

company.

3. Obligations that depend on the occurrence or non-

occurrence of one or more future events to confirm the

amount payable, or the payee, or the date payable.

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Current Liabilities



Obligations that a company generally expects to settle in its

normal operating cycle or one year, whichever is longer.

This concept includes:

1. Payables resulting from the acquisition of goods and

services: accounts payable, wages payable, and so on.

2. Collections received in advance for the delivery of goods or

performance of services, such as unearned rent revenue.

3. Other liabilities whose liquidation will take place within the

operating cycle or one year.

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Statement of Financial Position Format

IFRS does not specify the order or format in which

a company presents items in the statement of

financial position.

Account form or report form.

LO 3 Prepare a classified statement of financial position LO 3 Prepare a classified statement of financial position using the report and account formats.using the report and account formats.


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Account Form

LO 3 Prepare a classified statement of financial position LO 3 Prepare a classified statement of financial position using the report and account formats.using the report and account formats.

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LO 3LO 3

Report Form

Illustration 5-17

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The Statement of Cash FlowsThe Statement of Cash FlowsThe Statement of Cash FlowsThe Statement of Cash Flows

One of the three basic objectives of financial reporting is

“assessing the amounts, timing, and uncertainty of cash flows.”

IASB requires the statement of cash flows (also called the cash flow statement).

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Primary Purpose: To provide relevant information

about the cash receipts and cash payments of an

enterprise during a period.

The statement provides answers to the following

questions:

1. Where did the cash come from?

2. What was the cash used for?

3. What was the change in the cash balance?

Purpose of the Statement of Cash FlowsPurpose of the Statement of Cash FlowsPurpose of the Statement of Cash FlowsPurpose of the Statement of Cash Flows

LO 4 Indicate the purpose of the statement of cash flows.LO 4 Indicate the purpose of the statement of cash flows.

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OperatingOperatingOperatingOperating

Cash inflows and outflows from operations.

InvestingInvestingInvestingInvesting

Cash inflows and outflows from non-current assets.

FinancingFinancingFinancingFinancing

Cash inflows and outflows from non-current liabilities and equity.

Statement helps users evaluate liquidity, solvency, and financial flexibility.

LO 5 Identify the content of the statement of cash flows.LO 5 Identify the content of the statement of cash flows.

Content and FormatContent and FormatContent and FormatContent and Format

5-31 LO 5 Identify the content of the statement of cash flows.LO 5 Identify the content of the statement of cash flows.

Illustration 5-19

Content and FormatContent and FormatContent and FormatContent and Format

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Information obtained from several sources:

(1) comparative statement of financial position,

(2) current income statement, and

(3) selected transaction data.

Sources of Information

Preparation of the Statement of Cash FlowsPreparation of the Statement of Cash FlowsPreparation of the Statement of Cash FlowsPreparation of the Statement of Cash Flows

LO 6 Prepare a basic statement of cash flows.LO 6 Prepare a basic statement of cash flows.

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Statement of Cash Flows: On January 1, 2011, in its

first year of operations, Telemarketing Inc. issued 50,000

ordinary shares ($1 par value) for $50,000 cash. The

company rented its office space, furniture, and

telecommunications equipment and performed marketing

services throughout the first year. In June 2011 the company

purchased land for $15,000. Illustration 5-20 shows the

company’s comparative statement of financial position at the

beginning and end of 2011.


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LO 6LO 6

Illustration 5-21

Illustration 5-20

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Preparing the Statement of Cash Flows

Determine:

1. Cash provided by (or used in) operating activities.

2. Cash provided by or used in investing and financing activities.

3. Determine the change (increase or decrease) in cash during the period.

4. Reconcile the change in cash with the beginning and the ending cash balances.


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Cash provided by operating activities Illustration 5-22

Illustration 5-20 Illustration 5-21


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The Statement The Statement of Cash Flowsof Cash FlowsThe Statement The Statement of Cash Flowsof Cash Flows

Illustration 5-29

Next, the company determines its investing and financing activities.

Illustration 5-20 Illustration 5-21

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Statement of Cash Flows (BE 5-12): Keyser Beverage Company reported the following items in the most recent year.

Activity

Operating

Financing

Operating

Operating

Investing

Operating

Financing

Required: Prepare a Statement of Cash Flows

Net income $40,000

Dividends paid 5,000

Increase in accounts receivable 10,000

Increase in accounts payable 7,000

Purchase of equipment 8,000

Depreciation expense 4,000

Issue of notes payable 20,000


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Statement of Cash Flows (BE 5-12)


Statement of Cash Flow (in thousands)

Operating activities

Net income 40,000$

I ncrease in accounts receivable (10,000)

I ncrease in accounts payable 7,000

Depreciation expense 4,000

Cash fl ow f rom operations 41,000

Investing activities

Purchase of equipment (8,000)

Financing activities

Proceeds f rom notes payable 20,000

Dividends paid (5,000)

Cash fl ow f rom financing 15,000

Increase in cash 48,000$

Noncash credit to revenues.

Noncash charge to expenses.

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ReviewReview

In preparing a statement of cash flows, which of the following In preparing a statement of cash flows, which of the following

transactions would be considered an investing activity?transactions would be considered an investing activity?

a. a. Sale of equipment at book valueSale of equipment at book value

b. b. Sale of merchandise on creditSale of merchandise on credit

c. c. Declaration of a cash dividendDeclaration of a cash dividend

d. d. Issuance of bonds payable.Issuance of bonds payable.



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Issuance of ordinary shares to purchase assets.

Conversion of bonds into ordinary shares.

Issuance of debt to purchase assets.

Exchanges on long-lived assets.


Significant financing and investing activities that do not affect cash are reported in either a separate schedule at the bottom of the statement of cash flows or in the notes.

Examples include:

Significant Non-Cash Activities


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Illustration 5-24Comprehensive Statementof Cash Flows

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High amount - company able to generate sufficient

cash to pay its bills.

Low amount - company may have to borrow or

issue equity securities to pay bills.

Usefulness of the Statement of Cash FlowsUsefulness of the Statement of Cash FlowsUsefulness of the Statement of Cash FlowsUsefulness of the Statement of Cash Flows

Without cash, a company will not survive.

Cash flow from Operations:

LO 7 Understand the usefulness of the statement of cash flows.LO 7 Understand the usefulness of the statement of cash flows.

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Ratio indicates whether the company can pay off its current liabilities from its operations. A ratio near 1:1 is good.


Financial Liquidity

Net Cash Provided by Operating Activities

Average Current Liabilities

Current Cash Debt Coverage

Ratio =

Illustration 5-26

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This ratio indicates a company’s ability to repay its liabilities from net cash provided by operating activities, without having to liquidate the assets employed in its operations.


Financial Flexibility

Average Total Liabilities

Cash Debt Coverage

Ratio =

Net Cash Provided by Operating Activities

Illustration 5-27

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The amount of discretionary cash flow a company has for purchasing additional investments, retiring its debt, purchasing treasury stock, or simply adding to its liquidity.


Free Cash FlowIllustration 5-29

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ReviewReview

The current cash debt coverage ratio is often used to assess

a. financial flexibility.

b. liquidity.

c. profitability.

d. solvency.



5-48

Financial Statements and NotesFinancial Statements and NotesFinancial Statements and NotesFinancial Statements and Notes

IFRS requires that a complete set of financial statements be presented annually. Comprised of the following:

LO 8 Determine additional information requiring note disclosure.LO 8 Determine additional information requiring note disclosure.

1. Statement of financial position at the end of the period;

2. Statement of comprehensive income for the period to be presented either as:

a) One single statement of comprehensive income.

b) A separate income statement and statement of comprehensive income.

3. Statement of changes in equity;

4. Statement of cash flows; and

5. Notes, comprising a summary of significant accounting policies and other explanatory information.

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Accounting policies

Specific principles, bases, conventions, rules, and

practices applied by a company in preparing and

presenting financial information.

First note generally titled, “Summary of Significant

Accounting Policies.”



Notes to the Financial Statements

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Additional Notes to the Financial Statements

In many cases, IFRS requires specific disclosures. Examples

include:

Items of property, plant, and equipment are disaggregated into

classes.

Receivables are disaggregated into amounts receivable from trade

customers, receivables from related parties, prepayments, and other

amounts.

Inventories are disaggregated into classifications such as

merchandise, production supplies, work in process, and finished

goods.



5-52 LO 10 Identify the major types of financial ratios and what they measure.LO 10 Identify the major types of financial ratios and what they measure.

Using Ratios to Analyze Performance

Analysts and other interested parties can gather qualitative information from financial statements by examining relationships between items on the statements and identifying trends in these relationships.


Using Ratios to Analyze PerformanceIllustration 5A-1 A Summary of Financial Ratios

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