Online Preliminary
Online preliminary akan dilaksanakan pada tanggal 3 April 2018, babak ini terdiri dari soal
pilihan ganda sebanyak 60 soal dan essay sebanyak 5 soal yang akan dikerjakan secara tim
melalui situs yang tersedia. Dari babak Online preliminary ini.peserta yang lolos akan mengikuti
babak selanjutnya yang akan dilaksanakan Penilaian Essay Point pada
Benar +5
hari yang berbeda.
Salah 0
Tidak Menjawab 0
Penilaian Pilihan Ganda Point
Benar +3
Salah -1
Tidak Menjawab 0
Petunjuk:
1. Isilah secara lengkap dan benar Nama Tim dan Nama Universitas pada lembar jawaban yang
telah disediakan.
2. Pada tahap ini pengerjaan soal dilakukan secara bersama (per-tim).
3. Setiap tim diberikan soal dalam bentuk pilihan ganda sebanyak 60 dan 5 essay.
4. Soal terdiri atas soal teori dan hitungan dan peserta diberikan waktu hingga pukul 00.00.
5. Tidak diperkenankan melihat jawaban tim lain.
6. Soal merupakan kebijakan panitia dan tidak dapat diganggu gugat.
7. Cara menjawab pertanyaan adalah dengan menyilang pada lembar jawaban untuk soal
pilihan ganda dan menuliskan jawaban essay pada lembar yang telah disediakan
1. Why do we need a conceptual framework?
a. To be useful, rule-making should build on and relate to an established body of concepts,
as a result of a soundly developed conceptual framework, the profession should be able to
more quickly solve new and emerging practical problems by referring to an existing
framework of basic theory.
b. To be objective of general-purpose in financial reporting, as a result of a soundly
developed conceptual framework, the profession should be able to more quickly solve
new and emerging practical problems by referring to an existing framework of basic
theory.
c. To making decisions about providing resources to the entity, as a result of a soundly
developed conceptual framework, the profession should be able to more quickly solve
new and emerging practical problems by referring to an existing framework of basic
theory.
d. To be understandability in determining whether an item is material, as a result of a
soundly developed conceptual framework, the profession should be able to more quickly
solve new and emerging practical problems by referring to an existing framework of
basic theory.
e. To be indentify of activities in company wheter a item is material, as a result of soundly
developed conceptual framework, the profession should be able to more slowly solve
new and emerging practical problems by referring to an existing framework of basic
theory.
2. When bonds are purchased in the market by an affiliate, the book value of the intercompany
bond liability is:
a. The par value of the bonds less unamortized issuance costs and less unamortized discount
or plus unamortized premium.
b. The par value of the bonds less issuance costs, less unamortized discount or plus
unamortized premiums, and less the costs incurred to purchase the bond investment.
c. The premium par value.
d. The par value of the bonds.
e. The par value of the bonds less the discount or plus the premium at issuance.
3. For Afa Company, the factory overhead is charged to the production department using
predetermined overhead rate $7.60 per machine hour in the Molding Department and $12 per
direct labor hours in the Assembly Department. During January, 1,040 machine hour were
used in Molding Department and 921 direct labor hours used in the Assembly Department.
The journal entry required for Afa Company is…
5. Operation manager of PT. INDAH NIAN wants to estimate the maintenance cost to be
issued. Processing results with least squares method are: intercept 15.000, slope 6,5. If the
activity variable used is the number of units produced that is 50.000 units, then the estimated
cost of maintenance next month is …
a. Rp50.000
b. Rp147.500
c. Rp340.000
d. Rp450.000
e. Rp330.000
7. Which of the following is not true about the accounts receivable subsidiary ledger?
a. Debits and credits in the subsidiary ledger must always equal.
b. Every credit sale is entered individually into the subsidiary ledger.
c. The total of the subsidiary ledgers must equal the control account.
d. The subsidiary ledgers play an important role in maintaining the accuracy of the data
stored in the AIS.
e. Every debit sales returns is entered individually into the subsidiary ledger.
9. The correct statement relating to the price standard and the most correct?
a. Production departments are normally responsible for determining direct material price
standards.
b. After management determines a standard price per unit and the material directly, the
quality standard and delivery can then be determined.
c. If direct material prices are not specified, give effect to the financial period as a whole.
d. Before management determines a standard price per unit and direct material, quality
standards and delivery can then be determined.
e. Although there are hundreds of direct materials, a unit price of a unit is calculated for
each material.
10. What is the difference comparing financial position statement for two or more periods and
comparing the financial position statement among entities?
a. Comparison of financial position statement for two or more periods to provide an
overview the predict gain and loss income statement; while the comparison of financial
position statement among entities is profitability value.
b. Comparison of financial position statement for two or more periods to provide an
overview the predict benefit; while the comparison of financial position statement among
entities is confirmatory value.
c. Comparison of financial position statement for two or more periods to provide an
overview the progress of the performa employee of the entity; while the comparison of
financial position statement among entities will provide useful input for potential
employee a company.
d. Comparison of financial position statement for two or more periods will provide useful
input for potential investor in determining choices made; while the comparison of
financial position statement among entities overview the progress of financial situation.
e. Comparison of financial position statement for two or more periods to provide an
overview the progress of the financial situation and future prospects of the entity; while
the comparison of financial position statement among entities will provide useful input
for potential investor in determining choices made.
a. Double step.
b. Single step.
c. T. Account.
d. Multiple step.
e. Triple step.
19. Assume that Malaka Corp acquired 25% of the ordinary shares of Horizon Corp. on January
1, 2014, for $900,000. During 2014 Horizon Corp. reported net income of $180,000 and paid
total dividends of $60,000. If Malaka Corp. uses the equity method to account for its
investment, the balance in the investment account on December 31, 2014, will be:
a. $955,000
b. $385,000
c. $930,000
d. $685,000
e. $380,000
22. Net Profit Margin from a X Company is 5.2%, total asset turnover is 0.84, and financial
leverage multiplier is 1.73. Calculate ROE of X Company?
a. 4.4%
b. 5.76%
c. 4.3%
d. 6.75%
e. 7.56%
23. The following is an internal control system in payroll accounting information systems and
remuneration seen from a healthy practice is ... except
a. The present clock card must be compared to the working hours card before the last card is
used as the direct labor cost distribution.
b. Making a list of salaries and wages should be justified truth and accuracy calculation by
the financial accounting function before the payment.
c. Employee liability tax calculations are reconciled with employee income records.
d. Employee income records are kept by the financial function.
e. Employee tax records are kept by the financial function.
25. The following are not the task of internal auditors are:
a. Check objectively company's financial statements for the sake of parties outside the
company.
b. Determine whether a wealth of the company has accountable of loss.
c. Determine to how far obedience to the criteria, wisdom, plan and procedures set.
d. Determine to criteria of procedures in production.
e. Determine to job efficiency.
29. A processing system that produces output in the form of accounting information using input
input (data or transactions) to meet the management's particular objectives, the above
statement is the understanding of ...
a. Management information System.
b. Accounting information system.
c. Management Control Systems.
d. Internal Control System.
e. Accounting Control Systems.
30. The income of minority interest in the consolidated statements of income is calculated in a
manner?
a. Consolidated net income multiplied by percentage of minority interest.
b. Consolidated gross profit multiplied by percentage of minority interest.
c. Consolidated net income less the net income of subsidiaries.
d. Consolidated net income plus subsidiary net income.
e. The income of a subsidiary is reduced by the amortization of the cost differential book
value multiplied by the percentage of minority interest.
31. A non governmental health care entity receives a gift of cash that is specified by the donor to
be used for cancer research. The contribution will most likely be reported in:
a. Unrestricted net assets.
b. Temporarily restricted net assets.
c. Permanently restricted net assets.
d. Either a or b, depending on the mission and activities of the health care entity.
e. Either a or c, depending on the mission and activities of the health care entity.
32. What is the two rules govern the design of data collection procedures?
a. Relevance and Efficiency.
b. Respect and Efficiency.
c. Relevance and Completeness.
d. Efficiency and Completeness.
e. Verifiability and Completeness.
34. Briant du Lac Books uses the retail inventory method to estimate its monthly ending
inventories. The following information is available at October 31, 2015.
Cost Retail
Beginning Inventory $420,000 $700,000
Purchases $2,094,000 $3,200,000
Freight-In $26,000
Purchases Discount $44,000
Net Sales $3,100,000
The estimated cost of the ending inventory under the retail inventory method is:
a. $800,000
b. $2,496,000
c. $512,000
d. $3,900,000
e. $3,100,000
36. Arya Industry has 7,000,000 shares of outstanding common shares of PT. Prasetyo (70%
ownership). A total of 3,000,000 shares of outstanding common shares of PT.Prasetyo are
owned by insurance company Dimas. In the consolidated financial statements of Aryan
Industries, Insurance Company Dimas is considered as:
a. Investation.
b. Associate Company.
c. Parent company.
d. Affiliated companies.
e. Minority rights.
37. For a retail business, a delivery of inventory, from a vendor (with whom there is an
established credit relationship) would be initially recorded in which type of accounting
record as part of which transaction cycle?
a. Purchases journal; expenditure cycle.
b. General journal; expenditure cycle.
c. General ledger; expenditure cycle.
d. Cash disbursements journal; production cycle.
e. Cash disbursements journal; expenditure cycle.
38. Which of the following is not usually a consideration when designing a coding system?
a. Government regulations on coding systems.
b. Standardization.
c. Future expansion needs.
d. Facilitating report preparation.
e. Facilitating budget preparation.
39. Adjusting entries are classified as either deferrals or accruals, each of these classes has two
subcategories. What each of these classes it and what the meaning of two subcategories on
deferrals or accruals?
a. Deferrals :
Prepaid Expense : Expense received in cash before they are used or consumed.
Unearned Revenues : Cash paid before services are performed.
Accruals :
Accrued Revenues : Revenues for services perfomed but not yet paid in cash or
recorded.
Accrued Expenses : Expenses incurred but not yet received in cash or recorded.
b. Deferrals :
Accrued Revenues : Revenues for services performed but not yet paid in cash or
recorded.
Accrued Expenses : Expenses incurred but not yet received in cash or recorded.
Accruals :
Prepaid Expense : Expense received in cash before they are used or consumed.
Unearned Revenues : Cash paid before services are performed.
c. Deferrals :
Accrued Revenues : Revenue for services performed but not yet received in cash or
recorded.
Accrued Expenses : Expenses incurred but not yet paid in cash or recorded.
Accruals :
Prepaid Expense : Expenses paid in cash before they are used or consumed.
Unearned Revenues : Cash received before services are perfomed.
d. Deferrals :
Prepaid Expense : Expenses paid in cash before they are used or consumed.
Unearned Revenues : Cash received before services are perfomed.
Accruals :
Accrued Revenues : Revenue for services performed but not yet received in cash or
recorded.
Accrued Expenses : Expenses incurred but not yet paid in cash or recorded.
e. Deferrals :
Prepaid Expense : Expenses received an account before they are used.
Unearned Revenues : Cash received after services aare performed.
Accruals :
Accrued Revenues : Revenue for performed but not yet received in cash or recorded.
Accrued Expenses : Expenses incurred but not yet paid in cash or recorded.
40. Which of the following is not a characteristic of a constructive retirement of bonds from an
intercompany bond transaction?
a. Bonds are retired for consolidated statement purposes only.
b. The reciprocal intercompany bond investment and liability amounts are eliminated in the
consolidation process.
c. Bonds from an intercompany bond is asset of other company
d. Any gain or loss from the intercompany bond transaction is recognized on the books of
the issuer.
e. For consolidated statement purposes, the gain or loss on the constructive retirement of
bonds is the difference between the book value of the bond liability and the purchase
price of the bond investment.
41. In connection with Thurman Township’s long-term debt, the following cash accumulations
are available to cover payment of principal and interest on:
Bonds for financing of water treatment plant construction $1,000,000
General long-term obligations $400,000
The amount of these cash accumulations that should be accounted for in Thurman’s debt
service funds is:
a. $0
b. $400,000
c. $1,000,000
d. $1,400,000
e. $2,000,000
42. What is the objective (or purpose) of financial reporting?
a. To knows about the reporting entity to present and potential equity investors, lenders, and
other creditors in making decisions about providing resources to the entity.
b. To identify about the reporting entity to present and potential equity investors, lenders,
and other creditors in making decisions about identifying resources to the entity.
c. To recognize financial information about the reporting entity that is useful to future and
potential equity investors, leders, and other creditors in making decisions about
recognizing resources to the entity.
d. To indicate financial information about the reporting entity that is useful to future and
potential equity investors, leders, and other creditors in making decisions about indicated
resources to the entity.
e. To provide financial information about the reporting entity that is useful to present and
potential equity investors, leders, and other creditors in making decisions about providing
resources to the entity.
43. The following is the cost incurred due to the activity of storing goods as inventory, except ...
a. Warehouse rental fee.
b. Cost of maintenance of goods.
c. Insurance fee.
d. Shipping costs.
e. Cost of loss risk.
45. A series of business activities and related repeating information processing activities by
providing goods and services to customers and collecting cash as payments from those sales,
is an understanding of ...
a. Income cycle.
b. Expense cycle.
c. Resource cycle.
d. The financial cycle.
e. Payroll cycle.
46. The cycle that converts raw materials (raw materials) into intermediate or finished products,
is the definition of cycle ...
a. The financial cycle.
b. Production cycle.
c. Resource cycle.
d. Expense cycle.
e. Payroll cycle.
47. Taxpayers who conduct a revaluation of fixed assets, the remaining fiscal losses may be used
for..
a. Compensated to fiscal profit in previous years
b. Converted to fiscal losses in subsequent years
c. Compensated in the current year
d. Converted to fiscal profit in subsequent years
e. Compensated at the excess of revaluation of fixed assets
48. Jenner Company purchased a piece equipment on January 4, 2015. The equipment cost
$750,000 and has an estimated life of 8 years and a residual value of $80,000. What was the
depreciation expense for the asset for 2016 under the double-declining-balance method?
a. $167,500
b. $335,000
c. $187,500
d. $140,625
e. $328,250
49. Jacob would have at the end of 2 years if he deposited $100 at 8% interest compounded
semianually and compounded quarterly. Calculate for quarterly compounding ...
a. $116,99
b. $177,71
c. $117,17
d. $166,99
e. $171,99
50. Which one of the following items from the financial statements of a foreign subsidiary would
be translated into dollars using the historical exchange rate?
a. Accounts payable.
b. Amortization of bond premium.
c. Common stock.
d. Depreciation.
e. Inventories.
52. Public accountants that we usually know and have certificates from the government are
included in the type of auditor:
a. General Accounting Auditor.
b. External Auditor.
c. Internal Revenue Agents.
d. Internal Auditor.
e. All answer are wrong.
53. Hermione wishes to find the effective annual rate associated with an 8% nominal annual rate
when interest is semianually. Calculate for semianual compounding :
a. 8,16%
b. 8%
c. 8,24%
d. 8,48%
e. 8,56%
54. To ensure that all material transactions processed by the information system are valid and in
accordance with management’s objectives. The purpose of?
a. Transaction Authorization.
b. General Authorization.
c. Simple Authorization.
d. Non-transaction Authorzation.
e. Non-general Authorization.
56. Accounting for the cost of providing all of the following EXCEPT:
a. Information management accounting and financial accounting.
b. Pricing information from marketing studies.
c. Financial information concerning the acquisition cost of resources.
d. Non-financial information about the cost of operational efficiency.
e. All the answer is correct.
57. The following is the ways that usually used by the auditor to collect information about the
internal control his client, except:
a. Standard internal control questionnaire.
b. Description written (written discription).
c. Analysis position (job analysis).
d. System flowchart.
e. System analysis.
58. Statement of Financial Position used to determine the financial position on the reporting
period. Components that is, except..
a. Fixed Assets
b. Intangible Assets
c. Inventory
d. Cash
e. Revenue
Essay
1. Adjust the item below into appropriate account in the balance sheet for PT. Firdaus.
Month Sales
November Rp 200,000,000
December Rp 250,000,000
January Rp 250,000,000
February Rp 300,000,000
March Rp 350,000,000
30% of it’s sales will be cash. 60% of credit sales are collected 1 month following the
sales and 10% are collected 2 month following the sales.
Purchases of raw material represent 80% of the month’s sales and paid in cash. At the
end of each month, company has maintain minimum cash balance of Rp. 50.000.000.
Cash balance at the beeginning of January for Rp. 25.000.000.000.
- Other cost : Salary and administration expenses are Rp. 15.000.000 paid monthly
- Rent expense Rp. 20.000.000 paid monthly
- Tax paid in March Rp. 30.000.000
- Long-term loan repayment of principal and interest are Rp. 15.000.000 at march.
Pan received $280,000 dividends from Sum during 2011. A previously unrecorded patent from
Pan’s investment in Sum is being amortized at a rate of $50,000 per year (the same time horizon
is used for both book and tax purposes).
On January 1, 2011, Pan sold equipment to Sum at a $200,000 gain. Sum is depreciating the
equipment at a rate of 20 percent per year. A flat 34 percent tax rate is applicable to both
companies.
4. ABC Company only employs 3 employees, Fitriani, Lala and Meddy. Based on this card in
the first week of November 2010, the payroll and salary payroll and wages for the period.
According to this card, Fitriani employees work for a week for 35 hours, with hourly wages of
Rp 1,000; Employee Lala worked for a week for 35 hours, with hourly wage Rp. 1,200; While
Meddy during the same period working 45 hours with wage rates of Rp 1,500. According to
the hours card, attendance hours attendees present as follows:
Working Time Fitriani Lala Meddy
For reservations # 432 15 hours 20 hours 25 hours
For order # 321 15 hours 15 hours 10 hours
To wait for work preparation 5 hours 0 hours 10 hours
Make a cost accounting journal of salary and wages based on that data!
5. Sebutkan macam-macam sistem perpajakan serta jelaskan kelebihan dan kekurangan dari
masing-masing sistem!