Psak 55
PSAK 55 : FINANCIAL INSTRUMENTS, RECOGNITION, & MEASUREMENT | | | | |
Authors
Stephanni A. Rubyanti 120110090047
Satrio Bayu Pandowo 120110100001
Muhammad Rizky Pratama 120110100009 |
CHAPTER 1
BACKGROUND ISSUES Financial instrument is any contract that adds to the value of the entity 's financial assets and financial liabilities or equity instrument of another entity. Today the financial instrument has been growing by leaps and bounds, not only used by financial institutions Bank, but also by non-bank financial institutions. Therefore, in order to harmonize accounting standards specifically for the Indonesian banking sector and in line with efforts to improve market discipline, Bank Indonesia initiated a partnership with the Indonesian Institute of Accountants (IAI) to develop accounting standards adopted IAS 39 and IAS 32 on financial instruments. The results of the adoption of IAS 32 are PSAK 50 and PSAK 60 which governs the presentation and disclosures of financial instruments. While the results of the adoption of IAS 39 are PSAK 55 which governs the recognition and measurement of financial instruments. This paper focuses on the recognition and measurement of financial instruments based on PSAK 55 and their implementation and application in the business world.
CHAPTER 2
EXPLANATION OF PSAK 55
Derivative is a financial instrument or other contract that included in the scope of this Statement (see paragraphs 2-7) with the following of three characteristics * The value is changed as a result of changes in the variables that have been determined (often referred to as underlying, such as: the interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or index of interest rates, credit rating or credit index, or variable other that have been determined. For non-financial variable, the variable is not related to the parties in the contract * does not require initial net
Authors
Stephanni A. Rubyanti 120110090047
Satrio Bayu Pandowo 120110100001
Muhammad Rizky Pratama 120110100009 |
CHAPTER 1
BACKGROUND ISSUES Financial instrument is any contract that adds to the value of the entity 's financial assets and financial liabilities or equity instrument of another entity. Today the financial instrument has been growing by leaps and bounds, not only used by financial institutions Bank, but also by non-bank financial institutions. Therefore, in order to harmonize accounting standards specifically for the Indonesian banking sector and in line with efforts to improve market discipline, Bank Indonesia initiated a partnership with the Indonesian Institute of Accountants (IAI) to develop accounting standards adopted IAS 39 and IAS 32 on financial instruments. The results of the adoption of IAS 32 are PSAK 50 and PSAK 60 which governs the presentation and disclosures of financial instruments. While the results of the adoption of IAS 39 are PSAK 55 which governs the recognition and measurement of financial instruments. This paper focuses on the recognition and measurement of financial instruments based on PSAK 55 and their implementation and application in the business world.
CHAPTER 2
EXPLANATION OF PSAK 55
Derivative is a financial instrument or other contract that included in the scope of this Statement (see paragraphs 2-7) with the following of three characteristics * The value is changed as a result of changes in the variables that have been determined (often referred to as underlying, such as: the interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or index of interest rates, credit rating or credit index, or variable other that have been determined. For non-financial variable, the variable is not related to the parties in the contract * does not require initial net
Bibliography: Dewan Standar Akuntansi Keuangan. (n.d.). Pernyataan Standar Akuntansi Keuangan No. 55 Revisi 2009.