universitas kristen satya wacana - konsentrasi manajemen...
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• S1 - Sarjana Ekonomi Universitas Kristen Satya
Wacana - Konsentrasi Manajemen Keuangan
• S2 - Magister Manajemen Universitas Kristen Satya
Wacana - Konsentrasi Manajemen Keuangan (Lulusan
Terbaik - IPK Tertinggi)
• S3 – Doktor Ilmu Manajemen Universitas Katolik
Whidya Mandala - Konsentrasi Manajemen Keuangan
(Lulusan Terbaik - IPK Tertinggi)
• PT. Russley Future- 2006-2007: Analyst Capital Market- 2006-2007: Analyst Foreign Exchange
• Universitas Ciputra- 2007-2012: Koordinator Galeri Investasi Universitas
Ciputra- 2009-2013: Koordinator Penelitian Program Studi
Internasional Business Management Universitas Ciputra- 2007-Now: Fasilitator Entrepreneurial Project Universitas
Ciputra- 2007-Now: Pengajar Program Studi International Business
Management Universitas Ciputra- 2014-Now: Pengajar Program Pascasarjana Universitas
Ciputra- 2015-Now: Wakil Ketua Program Studi International
Business Management
• Setifikasi Profesional- 2008: Certified Financial Planner (CFP®)- 2011: Sertifikasi Pendidik Sebagai Dosen Profesional
pada Bidang Ilmu Manajemen- 2011: Asesor Penilaian Beban Akademik Dosen- 2016: Asesor Entrepreneurship LSP 1
• Bidang Keahlian- Manajemen Keuangan- Investasi dan Pasar Modal- Metodologi Penelitian- Human Resource Management- Pembelajaran Entreprenurship
Ethics in
financial
reporting
Accounting
standards
Assumptions
What is
Accounting?
The Building
Blocks of
Accounting
The Basic
Accounting
Equation
Using the Accounting
Equation
Financial
Statements
Three
activities
Who uses
accounting
data?
Assets
Liabilities
Equity
Transaction
analysis
Summary of
transactions
Income
statement
Retained
earnings
statement
Statement of
financial
position
Statement of
cash flows
Three Activities
Illustration 1-1 >> The activities of the accounting process
The accounting process includes the bookkeeping function.
Who Uses Accounting Data
Management
Human
Resources
Marketing
Finance
Taxing
AuthoritiesLabor
Unions
Regulatory
AgenciesInvestors
Creditors
Customers
Internal
Users
External
Users
Ethics in Financial Reporting
Standards of conduct by which one’s actions are judged as
right or wrong, honest or dishonest, fair or not fair, are Ethics.
Recent financial scandals include: Enron (USA), Parmalat
(ITA), Satyam Computer Services (IND), AIG (USA), and others.
Effective financial reporting depends on sound ethical behavior.
Accounting Standards
International Financial Reporting Standards (IFRS)
Financial Accounting Standards Board (FASB)http://www.fasb.org/
International Accounting Standards Board (IASB)
http://www.iasb.org/
Generally Accepted Accounting Principles (GAAP)
Assumptions
Proprietorship.
Partnership.
Corporation.
Forms of
Business Ownership
• include in the accounting records only transaction data that can be expressed in terms of money.
Monetary Unit Assumption
• requires that activities of the entity be kept separate and distinct from the activities of its owner and all other economic entities.
Economic Entity Assumption
Assets
Provides the underlying framework for recording and summarizing
economic events.
Liabilities Equity= +
• Resources a business owns.
• Provide future services or benefits.
• Cash, Inventory, Equipment, etc.Assets
Assets
Assets Liabilities Equity= +
Provides the underlying framework for recording and summarizing
economic events.
• Claims against assets (debts and obligations).
• Creditors - party to whom money is owed.
• Accounts payable, Notes payable, etc.Liabilities
Liabilities
Assets Liabilities Equity= +
Provides the underlying framework for recording and summarizing
economic events.
• Ownership claim on total assets.
• Referred to as residual equity.
• Share capital and retained earningsEquity
Equity
Transaction Analysis
Transaction (1). Investment by Shareholders. Ray and Barbara Neal decides
to open a computer programming service which he names Softbyte. On
September 1, 2011, they invest $15,000 cash in exchange for capital shares. The
effect of this transaction on the basic equation is:
Transaction (2). Purchase of Equipment for Cash. Softbyte purchases
computer equipment for $7,000 cash.
Transaction (3). Purchase of Supplies on Credit. Softbyte purchases
for $1,600 from Acme Supply Company computer paper and other
supplies expected to last several months.
Transaction (4). Services Provided for Cash. Softbyte receives $1,200
cash from customers for programming services it has provided.
Transaction (5). Purchase of Advertising on Credit. Softbyte receives
a bill for $250 from the Daily News for advertising but postpones payment
until a later date.
Transaction (6). Services Provided for Cash and Credit. Softbyte
provides $3,500 of programming services for customers. The company
receives cash of $1,500 from customers, and it bills the balance of $2,000
on account.
Transaction (7). Payment of Expenses. Softbyte pays the following
Expenses in cash for September: store rent $600, salaries of employees
$900, and utilities $200.
Transaction (8). Payment of Accounts Payable. Softbyte pays its
$250 Daily News bill in cash.
Transaction (9). Receipt of Cash on Account. Softbyte receives $600
in cash from customers who had been billed for services [in Transaction
(6)].
Transaction (10). Dividends. The corporation pays a dividend of
$1,300 in cash.
Summary of Transactions
Illustration 1-10 >> Tabular summary of Softbyte transactions
Companies prepare four financial statements from the
summarized accounting data:
Statement of
Financial
Position
Income
Statement
Statement of
Cash Flows
Retained
Earnings
Statement
Reports the revenues and expenses for a specific period of time.
Net income – revenues exceed expenses.
Net loss – expenses exceed revenues.
Illustration 1-11 >> Financial statements and their interrelationships
Income Statement
Retained Earnings Statement
Statement indicates the reasons why retained earnings has increased or
decreased during the period.
Illustration 1-11 >> Financial statements and their interrelationships
Balance Sheet
Illustration 1-11 >> Financial statements and their interrelationships
Statement of Cash Flows
Illustration 1-11 >> Financial statements and their interrelationships