UNIVERSITAS INDONESIA
FACULTY OF ECONOMICS AND BUSINESS
DEPARTEMENT OF ACCOUNTING
UNDERGRADUATE PROGRAM
SYLLABUS
AKUNTANSI KEUANGAN 2 (FINANCIAL ACCOUNTING 2)
ECAU601203
SEMESTER II 2015/2016
No.
1
2
Lokasi
Depok
Depok
Depok
Depok
Alamat E-mail
farah_mj@yahoo.com
3
Nama Pengajar
Aria Farah Mita
Dwi Martani /
Kurnia Irwansyah Rais
Taufik Hidayat
1
2
3
Nurul Husnah
Ralliyati
Viska Anggraita
Salemba
Salemba
Salemba
Nurulhusna78@gmail.com
Rally222@gmail.com
Viska257@gmail.com
Subject Code
ECAU601203
Subject Title
Credit Value
Pre-requisite/
Co-requisite/
Exclusion
Role and Purposes
Financial Accounting 2
3
Financial Accounting 1
taufikwalhidayat@gmail.com
This course is part of the financial accounting class which consists of the
Financial Accounting 1 and Financial Accounting 2. This course is a continuation
of the Financial Accounting 1, which aims to provide understanding of the
concept and application of the accounting treatments of the elements of the
financial statements based on Statement of Financial Accounting Standards
(SFAS) in Indonesia (PSAK) and the International Financial Reporting Standards
(IFRS). The knowledge and skills acquired from this subject will be an important
basis for developing accounting competence. This course discusses accounting
treatment (recognition, measurement, presentation and disclosure) in the
financial statements for long-term liabilities, equity, compound financial
instruments, investment, revenues, accounting for income tax, and lease based
on Indonesia financial accounting standards (PSAK) and the IFRS. This course
also discusses the preparation of a cash flow statement, the accounting
treatment for errors and changes in accounting, the accounting treatment of
events after the reporting period and the application of financial accounting
standards for entities without public accountability (SAK ETAP).
Subject Learning
Outcomes
Subject Synopsis/
Indicative Syllabus
Upon completion of the subject, student will be able to:
1. Apply International Financial Reporting Standards (IFRSs) or other relevant
standards to transactions and other events
a) Apply the accounting treatment for transactions involving long-term
liabilities, equity, investment, corporate income taxes, leases, revenue
recognition, changes in estimates, accounting policies and correction of
errors, in accordance with Indonesia Financial Accounting Standards
(PSAK) and the IFRS. (T2)
b) Explain the accounting treatment for entities without public
accountability (T2)
2. Evaluate the appropriateness of accounting policies used to prepare
financial statements
c) Compare several methods to record the assets and liabilities and is able
to choose the methods that can be applied in accordance with
Indonesian Financial Accounting Standards (PSAK) and IFRS-related (T3)
d) Explain the difference between SAK ETAP and PSAK (T3)
3. Prepare financial statements, including consolidated financial statements, in
accordance with IFRSs or other relevant standards
e) Apply techniques of the preparation of Statement of Cash Flows (T4)
Week#
1
Topic and Sub Topic
Long Term Liabilities




Bonds Payable:
o Issuing Bonds
o Types and Ratings of Bonds
o Valuation of Bonds
o Effective interest method
Long Term Notes Payable:
o Zero interest bearing notes
o Special notes payable
situation
Special issues:
o Extinguishment of noncurrent liabilities
o Fair value option
Presentation and Disclosure
LO
a,c
Reading
Materials
KW ch 14
PSAK 50
(2013), 55
(2013)
MHO Ch 25,
26, 40.
2
Stockholder Equity







3
Dilutive Securities
ISAK 11
PSAK 61
UU PT No.
40/2007
a
a

5
Earning Per Share-Simple Capital
Structure

Earning Per Share-Complex Capital
Structure

Presentation and Disclosure
Investment – Debt Securities



6






Equity Investment at Fair Value
Equity Method
Consolidation
Impairment of Value
Transfer between Categories
Presentation and Disclosure
KW ch 16
PSAK 56
(2010)
a, c
KW ch 17
PSAK 50
(2013), 55
(2013), PSAK
60 (2013)
Accounting for Financial Asset
Debt investment: Amortised Cost
Debt investment: Fair Value
Investment – Equity Securities
KW ch 16
PSAK 50
(2013), 55
(2013), PSAK
53
Debt & Equity
Convertible Debt
Convertible Preference Shares
Share Warrant
Accounting for Share Compensation
Presentation and Disclosure
Earning Per Share
KW ch 15
PSAK 50
(2013)
Corporate Form of Organization
Equity
Preference Shares
Treasury Shares
Dividend Policy
Government Grants
Presentation and Disclosure






4
a
a,c
KW ch 17
PSAK 15
(2013), PSAK
50 (2013),
PSAK 55
(2013),
PSAK 60
(2013)
7
Statement of Cash Flow
e

8
Preparation of the Statement of
Cash flows: Direct & Indirect
Method

Special Problems in Statement
Preparation
 Interest and dividend
 Gross or net amount
Accounting for Leases (part 1)



KW ch 23
PSAK 2
(2009)
a,c
KW ch 21
PSAK 30
(2011)
The Leasing Environment
Accounting by Lessee
Accounting by Lessor
ISAK 8, ISAK
23, 24
9
Accounting for Leases (part 2)
a,c

1011
(CL)
12
Special Accounting Problems
 Residual Values
 Bargain Purchase Options
(lessee)
 Initial Direct Cost (Lessor)

Sales-type Lease (lessor)

App B: Sale and Lease-back

Presentation and Disclosure
Revenue Recognition








PSAK 30
(2011)
a,c
Current Environment
Revenue Recognition at Point of Sale
Long Term Contract (construction)
Other Revenue Recognition Issues
 Services
 Interest, Dividend, and Royalty
 Customer Loyalty Program
Accounting for Income Tax
Fundamental of Accounting for Income
Taxes
Accounting for Net Operating Losses
Review of the Asset Liability Method
Presentation and Disclosure
KW ch 21
KW ch 18
PSAK 23
(2010), PSAK
34 (2010),
ISAK 10
a,c
KW ch 19
PSAK 46
(2013)
13
Accounting Changes & Error Analysis
a
KW ch 22




14
PSAK 25
(2009)
Changes in Accounting Policy
Changes in Accounting Estimates
Correction of Errors
Motivation of Change of Accounting
Policy

Errors analysis:
o Statement of Financial Position
Errors
o Income Statement Errors
o Preparation of Financial
Statement with Error
Correction
Special Topics in Financial Reporting


PSAK 8
(2009)
a,b,d
Subsequent Events
Reporting for Entities without Public
Accountability
SAK ETAP
(2009)
Teaching/Learning Teaching method uses active lecturing and class discussions, in which students
Methodology
achieve the study objectives by discussing and completing related problems or
cases under the guidance of lecturer. The problems and cases are taken from
the text book and other sources.
There are several sessions that use small group discussion and collaborative
learning with simple jigsaw approach. Students are also required to attend the
tutorial sessions and practicum to improve their technical skill related to all
topics in this subject. The students will be required by tutor to complete the
problems, quizzes, and home works.
Assessment
Method in
Alignment with
Intended Learning
Outcomes
Specific Assessment
Methods/Tasks
%
Weighting
Continuous Assessment
GROUP
Collaborative Learning
(5%)
INDIVIDUAL
Mid Term Exam (35%)
Final Exam (35%)
Collaborative
Learning, participation
& discussion (5%)
Quizzes (10%)
Tutorial/Home work
(10%)
100%
5%
Intended Learning Outcomes to be
Assessed
a
b
c
d
e
√
√
√
√
√
80%
40%
√
10%
√
20%
20%
√
5%
√
25%
√
√
√
√
√
√
√
√
√
√
√
95%
Details of learning
methods
Student Study
Effort Expected
Reading List and
References
The specific learning methods used in this subject are:
1. Lecturing
2. Small Group Discussion
Almost in all sessions, the students will participate in small group discussion.
The discussion is designed to raise their curiosity as well as to solve some
assignments.
3. Collaborative Learning
At session 9 and 10 uses collaborative learning with simple jigsaw
approaches, in which students are divided into groups and discuss the
specific cases in Home Group Discussion (HGD) and Focus Group Discussion
(FGD). The cases are divided into several topics for FGD and then all of FGD’s
topics will be discussed in HDG. In each discussion (FGD and HGD) students
will assess their peer in a peer review form. Finally, each group will present
the results of discussions with the lecturer as facilitator. Results of the
discussion and presentations are expected to improve students
understanding about the concept and the implementation based on cases.
This presentation sessions are also expected to benefit the students to learn
from other focus group discussion.
Class Contacts:
Lectures
Tutor
Collaborative Learning
Presentation
Other student study effort:
Preparation for project/assignment/tests
28 Hours
20 Hours
4 Hours
2 Hours
20 Hours
Required Readings:
1. Kieso, Donald E., dan Jerry Weygandt, Warfield, Terry., Intermediate
Accounting, IFRS Edition, 2nd edition, John Wiley and Sons, 2014 (KW)
2. Lau, Peter and Lam, Nelson, Intermediate Financial Reporting: An IFRS
Perspective 2nd ed, McGraw-Hill, 2011 (LL)
3. Martani, Dwi, et al., Akuntansi Keuangan Menengah 2, Penerbit Salemba
Empat, 2014 (AKM2)
4. Relevant PSAK
5. Mirza, Abbas Ali, Graham J. Holt, dan Magnus Orrell, International Financial
Reporting Standards (IFRS), Workbook and Guide, 2nd edition, John Wiley,
2010 (MHO)
Supplementary Readings:
6. Epstein, Barry J., Abbas Ali Mirza, IFRS 2010: Interpretation and Application of
International Accounting and Financial Reporting Standards, John Wiley, 2009.