UJIAN AKHIR SEMESTER 2014/2015

AKUNTANSI INTERNASIONAL

DISUSUN OLEH :
RATNA KEMALA
8335123490
S1 AKUNTANSI REGULER A

Akuntansi
Fakultas Ekonomi
Universitas Negeri Jakarta
2012

FAKULTAS EKONOMI
UNIVERSITAS NEGERI JAKARTA
Program S1 Reguler

UJIAN AKHIR SEMESTER GENAP 2014/2015

AKUNTANSI INTERNASIONAL
Nama Dosen
Hari / Tanggal
Nama Mahasiswa
No. Registrasi
Kelas

:
:
:
:
:

Unggul Purwohedi, SE.Akt., M.Si.

Senin / 09 Juni 2014
Ratna Kemala
8335123490
S1 Akuntansi Reguler A 2012

SOAL 1 DAN JAWABAN

At December 31, Year 2, Smith Company has specialized equipment with the following
characteristics.
Carrying amount

$55,000

Selling

$40,000

Cost of disposal

$1,000

Expected future cash flows

$55,000

Present value of expected future cash flows

$38,000

Command: Please calculate the impairment loss and create a journal entry for it!

ANSWER

In applying IAS 36, the assetss recoverable amount would be determined as follows:
Net selling price ($ 40,000 - $ 1,000)

$39,000

Value in use

$38,000

Recoverable amount (greater of the two)

$39,000

The determination and measurement of impairment loss would be:

Carrying amount

$55,000

Recoverable amount

(39,000)

Impairment loss

$16,000

The following journal entry would be made to reflect the impairment of this asset:
Impairment loss

$16,000

Equipment

$16,000

(to recognize an impairment loss on equipment)

SOAL 2 DAN JAWABAN

George company acquired 90 percent of tge outstanding shares of Chris Chris Company by
paying $ 380,000 in cash. The fair value of Chriss identifiable assets is $ 320,000 and the
liabilities assumed by George in this business combination are $ 40,000. George can choose
between two alternatives to determine the amount to recognize as goodwill in this business
combination. Command : please calculate the goodwill for with two alternative!
ANSWER

Alternative 1 : Noncontrolling Interest Measured at Proportionate Share of Acquired

Firms Net Assets

Fair value of Chris Identifiable net asset ($320,000 - $40,000)

$280,000

Noncontrolling interest percentage

10%

Noncontrolling interest

$28,000

Consideration transferred

$380,000

Plus: Noncontrolling interest

28,000

Subtotal

$408,000

Less: Fair value of Chriss identifiable net assets

(280,000)

Goodwill

$128,000

Alternative 2 : Noncontrolling Interest Measured at Fair Value

Implied fair value of 100% of Chris Company ($380,000/90%)

$422,222

Noncontrolling interest percentage

10%

Noncontrolling interest

$42,222

Consideration transferred
Plus: Noncontrolling interest

$380,000
42,222

Subtotal

$422,222

Less: Fair value of Chriss identifiable net assets

(280,000)

Goodwill

$142,222

In alternative 2, goodwill of $142,222 is compared of $128,000 purchased by George plus

$14,222 ($42,222 - $28,222) attributed to the no controlling interest.

SOAL 3 DAN JAWABAN

What is the difference between intangible assets from business combination and internally
integrated?
ANSWER
IAS 38, Intangible Assets, provides accounting rules for purchased intangible assets, intangible
assets acquired in business combination, and internally generated intangible assets. Intangibles
acquired in business combination should be recognized as assets apart from goodwill at their fair
value. If fair value cannot be measured reliably, the intangible is not recognized as a separate
asset but is included in goodwill. Intangibles acquired in business combination must be classified
as having a finite or indefinite useful life. A special situation arises with respect to development
costs that have been incurred by the acquiree prior to the business combination, often called inprocess research and development. In accordance with IAS 38, in-process development costs that
meet certain criteria must be capitalized as an intangible asset unless their fair value cannot be
measured reliably, in which case they are included in goodwill.

Internally generated intangibles, accordance with IAS 38, the expenditure giving rise to the
potential intangible to be classified as either research or development expenditures. If the two
cannot distinguished, all expenditures should be classified as research expenditures. Research
expenditures must be expensed as incurred. Development expenditures, in contrast, are
recognized as an intangible asset when an enterprise can demonstrate all of the following:
1. The technical feasibility of completing the intangible asset so that it will be available for
use or sale
2. Its intention to complete the intangible asset and use or sell it
3. Its ability to use or sell the intangible asset
4. How the intangible asset will generate probable future economic benefits
5. The availability of adequate technical, financial, and other resources to complete the
development and to use or sell the intangible asset
6. Its ability to reliably measure the expenditure attributable to the intangible asset during its
development.
Then, considerable management judgement is required in determining wheter development costs
should be capitalized as an internally generated intangible. Managers must be determine the
point at which research ends and development begins. Development costs capitalized as an
internally generated intangible can only be treated as having a finite useful life. They must be
amortized over their useful life using a method that best reflects the pattern in which the assets
economic benefits are consumed. Amotization begins when the intangible asset is available for
sale or use.