MATERI PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2018

MATERI LAB 2
BUSINESS COMBINATION

❖ Definition (PSAK 22)

Kombinasi bisnis adalah suatu transaksi atau peristiwa lain dimana pihak
pengakuisisi memperoleh pengendalian atas satu atau lebih bisnis.

❖ Requirements for the Application of Acquistion Method in Business Combination

1. Pengidentifikasian pihak pengakuisisi
2. Penentuan tanggal akuisisi
• Tanggal pengendalian → tanggal pada saat mengakuisisi
• Tanggal penutupan → tanggal pada saat melepaskan pengendalian
3. Pengakuan dan pengukuran aset teridentifikasi yang diperoleh, kewajiban yang
diambil alih, dan kepentingan nonpengendali pihak yang diakuisisi
4. Pengakuan dan pengukuran goodwill atau keuntungan dari pembelian dengan diskon
(gain from bargain purchase)

❖ Reasons for Business Combination

1. Cost advantages
2. Lower risks
3. Fewer operating delays
4. Avoidance of takeovers
5. Acquisition of intangible assets
6. Other reasons

❖ Types of Combinations

1. Vertical → Different business lines, but successive stages of production or

distribution.
Contoh: Indofood (ICBP) mengakuisi Bogasari sebagai pemasok Indomie
2. Horizontal → Same business lines and markets.
Contoh: TransTV mengakuisisi TV7
3. Conglomeration → Unrelated and diverse products or service functions.
Contoh: Lippo Karawaci Tbk. (PT Siloam Health Care, Aryaduta Hotel, Lippo Land
Development, Kartika Abadi Sejahtera, dsb)

DANENDRA – MARGARETA – TITAN – WINONA FATA 2018

MATERI PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2018

❖ Legal Forms of Business Combinations

1. Merger → PT A + PT B = PT A / PT B → salah satu dissolved
2. Consolidation → PT A + PT B = PT C → bergabung dan menghasilkan satu
perusahaan baru

❖ Accounting for Acquisition

• Acquisition method
Dalam acquisition method, pencatatan kombinasi bisnis dilakukan menggunakan fair
value
• Investment cost
Investment cost diukur berdasarkan jumlah:
- Cash disbursed,
- Fair value of other assets distributed, or
- Fair value of securities issued.

Investment cost > FV net assets pihak yang diakusisi → Goodwill

Investment cost < FV net assets pihak yang diakusisi → Gain on bargain purchase

• Other investment costs

- Direct cost
1. Diakui sebagai pengurangan additional paid in capital: printing, issuing,
registering securities, dan biaya ke bursa lainnya.
2. Diakui sebagai investment expense: accounting, legal, and consultant fees.
- Indirect cost
Contoh: salaries and wages expense

DANENDRA – MARGARETA – TITAN – WINONA FATA 2018

MATERI PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2018

❖ Example
Comparative balance sheets for Malfoy and Granger Corp at December 31, 2020
were as follows (in $000).
Malfoy Granger
(BV) (BV)
Current Assets 730 642
Land 830 594
Building-net 1,642 305
Equipment-net 1,435 693
Total Assets 4,637 2,234
Current Liabilities 824 425
Common Stock, $12 par 1,440 -
Common Stock, $6 par - 660
Additional Paid-in Capital 893 495
Retained Earnings 1,480 654
Total Liabilities and Equities 4,637 2,234

On January 2, 2021, Malfoy issued 25,850 shares of its stocks with a market value
of $38 per share for all the outstanding stocks of Granger Corp. After the acquisition
Granger was dissolved. The recorded book value reflects fair value, except for the
equipment of Granger which had fair value of $1,584,000 and the building of Granger
which had a fair value of $825,000. Cost of registering and issuing securities were
$83,000 and other direct costs of combination were $197,000.
Required:
Prepare all necessary journal entries for business combination and Statement of
Financial Position at acquisition date.

DANENDRA – MARGARETA – TITAN – WINONA FATA 2018

MATERI PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2018

Solution:
Journal Entries
Investment in Granger ($38*25,850) $982,300
Common Stock ($12*25,850) $ 310,200
Additional Paid-in Capital $ 672,100
(To record investment in Granger)

Investment Expense $197,000

Additional Paid-in Capital $ 83,000
Cash $ 280,000
(To record other investment costs)

Current Assets $ 642,000

Land $ 594,000
Building-net $ 825,000
Equipment-net $ 1,584,000
Current Liabilities $ 425,000
Investment in Granger $ 982,300
Gain on Bargain Purchase $ 2,237,700
(To record allocation of the cost of acquiring Granger Corp to identifiable net
assets accounting to their fair value and gain on bargaining purchase)

Statement of Financial Position

Malfoy Corp
Statement of Financial Position
January 2, 2021 (in $000)
Current Assets (730 + 642 - 280) 1,092
Land (830 + 594) 1,424
Building-net (1,642 + 825) 2,467
Equipment-net (1,435 + 1,584) 3,019
Total Assets 8,002
Current Liabilities (824 + 425) 1,249
Common Stock ($12 par) (1,440 + 310.2) 1,750.2
Additional Paid-in Capital (893 + 672.1 – 83) 1,482.1
Retained Earnings (1,480 + 2,237.7 – 197) 3,520.7
Total Liabilities and Equities 8,002

DANENDRA – MARGARETA – TITAN – WINONA FATA 2018