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Intermediate Accounting

Case Study Intermediate Accounting Part I: DECISION IMPACTS

For Intermediate Accounting Class – Management A

The manager of Centura Ltd has asked you to classify a $500,000 loan due for repayment in nine months as  a non-current liability in the statement of financial position. The company’s total assets are $2 million.

As a student of intermediate accounting, you have been asking to make a deep analysis and discuss this following questions:

  1. The impact of this classification
  2. What the reasons might be for the request?
  3. Whether any party is likely to suffer from treatment?
  4. What would you do?

Post your answers in this page in “Leave a comment” menu at the latest of Friday 10th June 2011. You can answer it in English or Bahasa Indonesia, however putting your effort to practice your English would be a valuable additional point.

This case study is taken from:

Bazley, M., Hancock , P., Berry, A., and Jarvis, R. 2004. Contemporary Accounting. 5th Edition. Thomson Learning. Australia. Chapter 4, p.95.

About yuniartihidayah

Monash University, Australia, PPAK UB Interests: Listening to music, reading, traveling, eating delicious food, and networking

Discussion

26 thoughts on “Case Study Intermediate Accounting Part I: DECISION IMPACTS

  1. 1. Pada dasarnya semua pencatatan ditujukan untuk mempermudah manajer dalam membaca posisi keuangan apakah pada posisi profit atau malah sebaliknya. Inilah dampak dari pengklasifikasian tersebut yaitu mempermudah dalam pengambilan keputusan juga dalam melihat apakah masih ada cadangan kas atau tidak.

    2. Jika melihat posisi keuangan lebih besar terletak pada sisi debet artinya perusahaan masih mempunyai sisa kas dari operasionalnya maka manajer berkenan untuk mengajukan permintaan dalam hal ini menyangkut pembelian barang oleh perusahaan.

    3. Tidak ada pihak yang di rugikan baik antara perusahaan maupun klien malah sebaliknya. Pihak perusahaan ada bukti pencatatan sekaligus sebagai acuan adanya kas yang masuk ataupun keluar, begitu juga pihak klien.

    4. Mencatat keterangan pengklasifikasian tersebut karena mendukung adanya bukti transaksi baik kas masuk atau kas keluar.

    by: Dewi nur halimah (09510016)
    manajemen A

    Posted by Dewi nur halimah | June 9, 2011, 12:18 pm
  2. 1. Klasifikasi pencatatan pada dasarnya ditujukan untuk memudahkan perusahaan agar mengetahui jumlah uang yang masih ada dalam saldo baik dalam sisi kredit maupun debet, perusahaan pun juga bisa untuk meramalkan berapa jumlah uang yang dapat digunakan untuk operasional dan sisa dari hasil operasi karena adanya pencatatan di awal (saldo akhir).

    2. Manajer dari peruasahaan akan dapat membuat keputusan untuk membeli suatu barang yang dibutuhkan perusahaan baik untuk kegiatan produksi atau yang lain karena melihat adanya kas yang masih ada pada sisi debet karena kas yang ada pada sisi debet lebih besar dari pada sisi kredit itu arinya masih banyak cadangan kas dibanding kas untuk pembayaran utang.

    3. Tidak ada pihak yang dirugikan, malahan baik karena perusahaan ada pencatatan tentang arus kas yang terjadi. Pihak yang punya piutang juga diuntungkan karena yang yaitu mereka juga punya pencatatan double yang ada pada perusahaan tersebut.

    4. Sebagai seorang akuntan di perusahaan tersebut, hal ini sangat diwajar karena perusahaan perlu acuan dalam hal ini adalah pencatatan dengan tujuan sebagai bukti bahwasanya ada arus kas yang masuk ataupun keluar.

    by: M lukman chakim(09510001)
    manajemen A

    Posted by M lukman chakim | June 9, 2011, 12:25 pm
  3. -Part I-
    1) The Impact of this classification is the cash increase up to $500.000 and also the debt increase up to $500.000
    2) To obtain a fresh fund (a loan) for fulfill a fund requirement (for production activity or financial assets) without using an available fund. This is the way to reach the effort of going concern.
    3) No one suffers from the treatment.
    4) Giving an advice for company’s management to maximize that loan.

    Posted by zulvani sanitawati/09510003 | June 10, 2011, 3:40 am
  4. 1. Revenue target of 10 million then because of the smaller income in a difficult competition that causes the target not being met so they can lose. Anticipated lower prices on products that remove nutrients from the product but it targets a little profit but increase sales. Later the company also provides credit facilities that are easier for consumers interested in our
    2. Credit policies that sometimes credit companies have no cash. So if more and more profit credit but with the agreed period of time because it is usually more expensive kridit.
    3. Usually if a company provides an easy credit policy, indeed this can increase sales and profits that we automatically receive will increase. But on the other hand, companies also bear the risk of bad debts from customers.

    Posted by Mochamad Mirza (09510108) | June 10, 2011, 6:14 am
  5. bu,maaf yang diatas saya salah posting ke tugas yang satunya.
    1. Companies in the presence of non-current liabilities of $ 500,000 which is actually a current liability, will bear the burden of higher interest because the longer the maturity the greater the liability interest in ingginkan by creditors. However, there are advantages for the company because he has assets that can be used in case the company wants its business expansion and the company also has more flexibility to manage their business.
    2. The company wanted the additional capital using long-term liabilities that companies can manage these funds for his business and get a grace period long enough for the company does not bear the burden in the short tempo despite the interest expense on increased responsibilities.
    3. On the company if the economy is good then it is very profitable company because the company could enjoy the results with what diingginkan and can reach more markets. On the creditor if the bad economy, the possible liability accounts will be even greater.
    4. If the economy improves then I would recommend the company to take a long-term liabilities because the company will get additional funds for operations and also for speculation.

    Posted by Mochamad Mirza (09510108) | June 10, 2011, 6:21 am
  6. 1.dampak klasifikasi tersebut perusahaan akan mempermudah dalam mengklasifikasikan akun-akun yang ada baik dari kas yang masuk ataupun kas keluar.

    2.alasan permintaan pinjaman tersebut untuk kelanjutan usahnya karena di anggap mempunyai prospek yang bagus. Sehingga aset yang dimiliki perusahaan bisa diinvestasikan terhadap usaha yang lebih menguntungkan.

    3.tidak ada pihak yang dirugikan antara kreditur dan debitur tapi disisi lain perusahaan masih mempunyai tanggungan bunga yang harus dibayarkan.

    4.memanfaatkan pinjaman tersebut dengan sebaik bainya dan diharapkan dengan pinjaman tersebut perusahaan akan mendapat keuntungan yang lebih banyak. Klasifikasi tersebut harus dicatat sebagai bukti transaksi yang telah dilakukan perusahaan sehingga laporan keuangan perusahaan tersebut menjadi valid.
    by : ucik nurul hidayati (09510031)

    Posted by ucik nurul hidayati (09510031). | June 10, 2011, 8:29 am
  7. 1. A balance sheet consists of the assets and liabilities side. Both sides are informing us the property (current assets, fixed and intangible), Debt (Short and Long) and Capital. Classification of recording statements of financial position informs the manager about the company’s assets, debts and capital due to the transaction, the consolidated financial position also shows the influence of transaction revenues, expenditures or expenses SHU (Time Results of Operations) by the company. The point statement of financial position are used to seeing all influence the result of a transaction on the company. Thus, a manager can use the statement of financial position to facilitate decision making.
    2. A manager in making decisions has reason to make a request (purchase of an item’s in need by companies for production activities or other activities) due to see any cash on the debit side is greater than the loan so the company still has a reserve asset to make a request or purchase .
    3. In this case neither side is disadvantaged, because the records in the consolidated financial position could provide benefits to both parties, both companies that owe as well as those who have accounts.
    4. If I as an accountant in my company would make record consolidated financial position it properly, because with it I can give a valid statement about the events that occurred in corporate transactions. Making it easier for managers in making decisions.

    By : Yuni Udchiah (09510027)
    Manajemen A

    Posted by Yuni Udchiah (09510027) | June 10, 2011, 8:45 am
  8. 1. perusahaan akan mudah dalam mencatat laporan keuangan perusahaan.
    2 . adanya going concren untuk meningkatkan laba perusahaan.
    3. tidak ada yang dirugikan karena semuanya sama-sama diuntungkan dengan adanya pinjaman tersebut shingga perusahaan akan mudah mendapatkan keuntungan dengan hasil pinjaman tersebut.
    4. mendirikan usaha baru dengan modal pinjaman tersebut dan semua transaksi yang dilakukan akan dicatat dalam laporan keuangan.

    by: tria wijayanti (09510113)

    Posted by ucik nurul hidayati (09510031). | June 10, 2011, 12:21 pm
  9. 1.Basically, registration classification is a vital importance tool to get information about financial position and profits that was achieved by company. The financial data will be better if it was compared and was analyzed more deeply, so that the obtainable data can help the decision that will be taken.

    2.

    3.No one that was harmed, because the registration data in company can help to know about the company’s profit or company’s loss.

    4.As a professional accountant at a company, we should do a registration data, so that the company has archives as financial evidence that include cash flow, etc.

    Umi Hanik
    09510020
    Manajemen A

    Posted by Umi Hanik | June 10, 2011, 12:50 pm
  10. 1.akan mempermudah dalam membaca proses kerja perusahaan

    2.permintaan pinjaman tersebut sebagai kelanjutan usaha dalam perusahaan, bisa juga sebagai tambahan modal dalam perusahaan

    3.tidak ada pihak yang dirugikan karena kedua belah pihak bisa mendapatkan keuntungan masing-masing

    4.dengan pinjaman tersebut, akan dibuka cabang baru untuk menambah pendapatan agar lebih banyak lagi

    Posted by masnia (09510023) manajemen A | June 10, 2011, 2:10 pm
  11. 1.akan mempermudah dalam membaca proses kerja perusahaan

    2.permintaan pinjaman tersebut sebagai kelanjutan usaha dalam perusahaan, bisa juga sebagai tambahan modal dalam perusahaan

    3.tidak ada pihak yang dirugikan karena kedua belah pihak bisa mendapatkan keuntungan masing-masing

    4.dengan pinjaman tersebut, akan dibuka cabang baru untuk menambah pendapatan agar lebih banyak lagi
    by : masnia (09510023)

    Posted by masnia (09510023) manajemen A | June 10, 2011, 2:22 pm
  12. 1. Impact classification based padada versus fair presentation in accordance with the law raises a great influence on accounting issues, such as (a) depreciation, where the load is determined based on a decrease in the use of an asset over the useful life (fair presentation), or the amount allowed for the purposes taxes (in accordance with the law), (b) lease a substantial purchase of fixed assets are treated like that (fair presentation) or treated as ordinary operating leases (legal compliance), (c) pension costs accrued at the time generated by the employee (fair presentation) or charged in accordance with the payment of principal at the time stopped working (in accordance with the law).
    2. because managers see this company has good prospects in classifying and can create profits for the company because it is used to loan each other in business and profitable.
    3. I think there is no aggrieved party, but it can help others to make the company more developed better ways to lend funds. But the company still has a mortgage interest to be paid and therefore the company should record it as income.
    4. if I see this kind of thing I would do is take advantage of capital loans as possible because as an accountant I have been able to set the entry of funds for the company.

    Name: Moh. Bambang Hertanto
    NIM: 09510107
    Class: A Management

    Posted by Bams.muhammad@yahoo.com | June 10, 2011, 3:08 pm
  13. 1. Impact classification based padada versus fair presentation in accordance with the law raises a great influence on accounting issues, such as (a) depreciation, where the load is determined based on a decrease in the use of an asset over the useful life (fair presentation), or the amount allowed for the purposes taxes (in accordance with the law), (b) lease a substantial purchase of fixed assets are treated like that (fair presentation) or treated as ordinary operating leases (legal compliance), (c) pension costs accrued at the time generated by the employee (fair presentation) or charged in accordance with the payment of principal at the time stopped working (in accordance with the law).
    2. because managers see this company has good prospects in classifying and can create profits for the company because it is used to loan each other in business and profitable.
    3. I think there is no aggrieved party, but it can help others to make the company more developed better ways to lend funds. But the company still has a mortgage interest to be paid and therefore the company should record it as income.
    4. if I see this kind of thing I would do is take advantage of capital loans as possible because as an accountant I have been able to set the entry of funds for the company.

    Name: Moh. Bambang Hertanto
    NIM: 09510107
    Class: A Management

    Posted by bams239Bams manajemen 09 | June 10, 2011, 3:34 pm
  14. 1. the impact of this classification is to facilitate the company in recording. also to facilitate managers in making decisions. good decisions regarding which loan to be paid in advance of or in connection with the continuation of the company.
    2. reason of borrowing request was intended to finance the activities of companies that do not need to spend corporate cash. cash while the company may be used to finance more important than that.
    3. there is no aggrieved party, the company will know the recording of cash flows that occurred and it was good. parties that have doubtful also benefit because they also have double the existing record in the company.
    4. yang saya lakukan adalah mengklasifikasikan pinjaman tersebut atau mencatatnya. agar suatu transaksi keluar dan transaksi masuk bisa jelas.

    Posted by HERU (09510120) | June 10, 2011, 4:11 pm
  15. 1. impact the company’s classification will facilitate in classifying the accounts that have good cash from the incoming or outgoing cash. company was also able to predict how much money can be used for operations and the rest of the operating results due to the recording at the beginning (ending balance).

    2. if the financial position of greater lies on the debit side it means the company has cash remaining from operations of the Manager will make a decision to purchase an item that needed a good company for production activities.

    3. according to my analysis there is no aggrieved party at all between the creditor and the debtor company is listing on the cash flows occur.

    4. as an accountant, I akn trying to take advantage of these loans with the best bainya and hope with the loan company will benefit more than the previous

    Posted by M.CHUSNI AINUN NAJIB C.SE (09510126) | June 10, 2011, 4:33 pm
  16. 1.Pada dasarnya, klasifikasi pendaftaran adalah alat penting untuk mendapatkan informasi tentang posisi keuangan dan keuntungan yang dicapai oleh perusahaan. Data keuangan akan lebih baik jika dibandingkan dan dianalisa lebih mendalam, sehingga data yang diperoleh dapat membantu keputusan yang akan diambil.

    2. Seorang manajer dalam membuat keputusan memiliki alasan untuk membuat permintaan, karena melihat uang tunai di sisi debit lebih besar dari pinjaman tersebut sehingga perusahaan masih memiliki aset cadangan untuk membuat permintaan atau pembelian.

    3.Tidak ada yang dirugikan karena semuanya sama-sama diuntungkan dengan adanya pinjaman tersebut sehingga perusahaan akan mudah mendapatkan keuntungan dengan hasil pinjaman tersebut.

    4. menurut saya, saya akan membuat posisi keuangan konsolidasi merekam dengan benar, karena dengan itu aku dapat memberikan pernyataan yang benar tentang peristiwa yang terjadi dalam transaksi perusahaan. Sehingga lebih mudah bagi para manajer dalam membuat keputusan.

    Posted by septian wahyu saputro (09510146) | June 10, 2011, 4:49 pm
  17. 1. Basically all the records intended to facilitate managers in reading the financial position if the position of profit or even vice versa. This is the impact of such designation of ease in decision-making also in seeing if there was any cash reserves or not.

    2. If you see a greater financial position is located on the debit side it means the company still has a remaining cash from operations, the manager is pleased to submit the request in this case concerning the purchase of goods by the company.

    3. No party is disadvantaged both between companies and clients quite the opposite. The company is no evidence of recording as well as a reference of the incoming or outgoing cash, as well as the client.

    4. Record details such designation as supporting evidence of either transaction cash in or cash out.

    Posted by LAILATUL FITRIKAH 09510060 | June 11, 2011, 1:11 am
  18. 1. Adapun dampak dari klasifikasi ini, perusahaan mudah melakukan proses pencatatan laporan keuangan dan kinerja.
    2. Alasan untuk permintaan, untuk kelangsungan perusahaan tersebut karena dapat memenuhi kebutuhan perusahaan di masa
    sekarang ataupun masa yang akan datang.
    3. Tidak ada pihak yang dirugikan antara si peminjam dan yang meminjami .
    4. Dengan adanya dana pinjaman tersebut dapat membantu mengembangkan perusahaan yang mungkin bias lebih baik.

    Posted by Dewi Muftin Nabiilah (09510078) | June 11, 2011, 1:33 am
  19. 1. Pada dasarnya, klasifikasi pendaftaran adalah alat penting untuk mendapatkan informasi tentang posisi keuangan dan keuntungan
    yang dicapai oleh perusahaan. Data keuangan akan lebih baik jika dibandingkan dan dianalisa lebih mendalam, sehingga data yang diperoleh dapat membantu keputusan yang akan diambil.

    2. Seorang manajer dalam membuat keputusan memiliki alasan untuk membuat permintaan (pembelian item di butuhkan oleh perusahaan untuk kegiatan produksi atau kegiatan lain) karena melihat uang tunai di sisi debit lebih besar dari pinjaman tersebut sehingga perusahaan masih memiliki aset cadangan untuk membuat permintaan atau pembelian.

    3. tidak ada pihak yang dirugikan, perusahaan akan mengetahui pencatatan arus kas yang terjadi dan itu bagus. pihak yang meragukan juga manfaat karena mereka juga memiliki dua kali catatan yang ada dalam perusahaan.

    4. sebagai akuntan, saya akan mencoba mengambil keuntungan dari pinjaman dengan sebaik-baiknya dan berharap dengan pinjaman perusahaan akan mendapatkan keuntungan lebih dari sebelumnya.

    Posted by RONNY ABDILLAH (09510114) | June 11, 2011, 3:17 am
  20. 1. Impact of classification for the company’s cash on loans made because it will affect all related to corporate cash, and to be able to find out the additions to the side of the credit or debit card and know the amount of cash entry and exit.

    2. Companies in the business for the survival of companies in financial terms, although the company through debt financing, it is also an effort in maintaining their business firms to still be able, for example, produce the goods.

    3. In the event that this loan must be cooperation between the two sides so as not to harm each other, whether it relates to their own companies and creditors.

    4. On each transaction records would need to be aware of konsdisi cash inflow and cash outflow valid company.

    Posted by NIA EKA SARI (09510028) MANAGEMENT A | June 15, 2011, 2:02 am
  21. 1. Impact of classification for the company’s cash on loans made because it will affect all related to corporate cash, and to be able to find out the additions to the side of the credit or debit card and know the amount of cash entry and exit.

    2. Companies in the business for the survival of companies in financial terms, although the company through debt financing, it is also an effort in maintaining their business firms to still be able, for example, produce the goods.

    3. In the event that this loan must be cooperation between the two sides so as not to harm each other, whether it relates to their own companies and creditors.

    4. On each transaction records would need to be aware of condition cash inflow and cash outflow valid company

    Posted by NIA EKA SARI (09510028) MANAGEMENT A | June 15, 2011, 2:03 am
  22. 1. In this classification is very good for the company because of ease in reading the accounts and to know the amount of cash in the company.
    2. The reason for a manager to make loans is to develop and follow-up efforts.
    3. On the part of managers that borrowed equally do not feel aggrieved on the contrary they are equally profitable than others because managers can develop their business, as well as also with clients in the lend.
    4. In a company will not be run from a record in terms of finance, because the recording was very useful and very important for the company

    Posted by Fitri Suci Lestari (09510065) Manajemen A | June 15, 2011, 4:50 am
  23. 1. Impact of classification for the company’s cash on loans made because it will affect all related to corporate cash, and to be able to find out the additions to the side of the credit or debit card and know the amount of cash entry and exit.

    2. Companies in the business for the survival of companies in financial terms, although the company through debt financing, it is also an effort in maintaining their business firms to still be able, for example, produce the goods.

    3. In the event that this loan must be cooperation between the two sides so as not to harm each other, whether it relates to their own companies and creditors.

    4. On each transaction records would need to be aware of condition cash inflow and cash outflow valid company

    Posted by NIA EKA SARI (09510028) MANAJEMEN A | June 15, 2011, 12:28 pm
  24. 1. Revenue target of 10 million then because of the smaller income in a difficult competition that causes the target not being met so they can lose. Anticipated lower prices on products that remove nutrients from the product but it targets a little profit but increase sales. Later the company also provides credit facilities that are easier for consumers interested in our.
    2. If you see a greater financial position is located on the debit side it means the company still has a remaining cash from operations, the manager is pleased to submit the request in this case concerning the purchase of goods by the company.
    3. I think there is no aggrieved party, but it can help others to make the company more developed better ways to lend funds. But the company still has a mortgage interest to be paid and therefore the company should record it as income.
    4. If I as an accountant in my company would make record consolidated financial position it properly, because with it I can give a valid statement about the events that occurred in corporate transactions. Making it easier for managers in making decisions.

    Posted by Muslih (09510134) | June 15, 2011, 1:34 pm
  25. 1. the impact of the loan made to reduce non-current liabilities aktifa debt so that companies do not experience a crisis in the operation. and can still run their business. the second is to impact the company will increase debt in the bank so that the profits received from the results of operations will be reduced due to reduction in interest charged.
    2. the reason is because companies have a shortage of capital, so if there are no fresh funds, the company will lose money as a result of a less than optimal operational.
    3 when viewed from above cases, all people when in the daily operations of business is short of funds generated will be less than optimal. so to overcome this the company reserves the right to memintak loans to banks.
    4. if this happens then I will ask for a loan to the bank. so that the business carried on running smoothly and the profit generated is also optimum.

    Posted by LULUK LATHIFAH (09510059) | June 17, 2011, 7:37 am
  26. 1. The impact of these records classification can facilitate managers to determine the amount of money on a debit or credit. And provides convenience in making decisions.
    2. The reason is to facilitate the loan request in the business and can provide additional capital of those companies
    3. No one injured from both sides because they both profited from the loan
    4. I will note the classification because it can provide a clear and correct tranksasi

    Posted by Muhammad Sadid (09510150) | June 17, 2011, 1:34 pm

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