LATIHAN TM 8

AKUNTANSI MENENGAH II

DOSEN PENGAJAR :
Ratna Mappanyukki, Dr. SE. Ak. M.Si.

DISUSUN OLEH :
Nisha Nur Aini (43219110183)

FAKULTAS EKONOMI DAN BISNIS

PROGRAM STUDI S1 AKUNTANSI
UNIVERSITAS MERCU BUANA
 REVENUE RECOGNATION

Learning objective
1.     Terapkan prinsip pengakuan pendapatan.
2.     Jelaskan masalah akuntansi untuk pengakuan pendapatan di tempat penjualan.
3.     Terapkan metode persentase penyelesaian untuk kontrak jangka panjang
4.     Terapkan metode pemulihan biaya untuk kontrak jangka panjang.
5.     Identifikasi akuntansi yang tepat untuk kerugian pada kontrak jangka panjang.
6.     Jelaskan masalah akuntansi untuk kontrak jasa.
7.     Identifikasi akuntansi yang tepat untuk multiple-deliverable arrangements.

DIMINTA:
1.      Mengerjakan Exercises dan Problem  Ch 18( Revenue recognition ) kaitkan  dengan
tujuan pembelajaran 5 sampai dengan 7  ( 13 April – 20  April 2021) letakkan learning
objective di soal yang anda kerjakan
2.      NILAI Problem 15 nilai exercises 5( Tulis Soal ).. silahkan pilih nilai berapa yang anda
inginkan  dibagi dengan nilai per jenis soal itulah jumlah no yang anda kerjakan. Sanksi 
jikalau salah dalam menentukan tujuan pembelajaran  minus 5
3.        Buku yang digunakan  Intermediate Accounting volume 2 Kieso Weygandt Warfield et
al
 
 Exercises dan Problem Ch 18
(REVENUE RECOGNATION)

LEARNING OBJECTIVE
A. Identifikasi akuntansi yang tepat untuk kerugian pada kontrak jangka panjang.
EXERCISES

PROBLEMS
1. P18.10 (LO 5, 6, 7) (Long-Term Contract with Interim Loss)
On March 1, 2022, Pechstein Construction Company contracted to construct a factory
building for Fabrik Manufacturing Inc. for a total contract price of $8,400,000. The building
was completed by October 31, 2024. The annual contract costs incurred, estimated costs to
complete the contract, and accumulated billings to Fabrik for 2022, 2023, and 2024 are given
below.

Instructions
a. Using the percentage-of-completion method, prepare schedules to compute the profit or
loss to be recognized as a result of this contract for the years ended December 31, 2022,
2023, and 2024. (Ignore income taxes.)
b. Using the cost-recovery method, prepare schedules to compute the profit or loss to be
recognized as a result of this contract for the years ended December 31, 2022, 2023, and
2024. (Ignore incomes taxes.)
Jawaban:
a.
Computation of Recognizable Profit/Loss
Percentage-of-Completion Method
2022
Costs to date (12/31/22) $2,880,000
Estimated costs to complete 3,520,000
Estimated total costs $6,400,000
Percent complete ($2,880,000 ÷ $6,400,000) 45%
Revenue recognized ($8,400,000 X 45%) $3,780,000
Costs incurred (2,880,000)
Profit recognized in 2022 $ 900,000

2023
Costs to date (12/31/23)
($2,880,000 + $2,230,000) $5,110,000
Estimated costs to complete 2,190,000
Estimated total costs $7,300,000
Percent complete ($5,110,000 ÷ $7,300,000) 70%
Revenue recognized in 2023
($8,400,000 X 70%) – $3,780,000 $2,100,000
Costs incurred in 2023 (2,230,000)
Loss recognized in 2023 $ (130,000)

2024
Total revenue recognized $8,400,000
Total costs incurred (7,300,000)
Total profit on contract 1,100,000
Deduct profit previously recognized
($900,000 – $130,000) 770,000
Profit recognized in 2024 $ 330,000

b. No profit or loss recognized in 2022 and 2023

2024
Contract price $8,400,000
Costs incurred 7,300,000
Profit recognized $1,100,000
2. P18.11 (LO 5, 6, 7) (Long-Term Contract with an Overall Loss)
On July 1, 2022, Torvill Construction Company Inc. contracted to build an office building for
Gumbel Corp. for a total contract price of $1,900,000. On July 1, Torvill estimated that it
would take between 2 and 3 years to complete the building. On December 31, 2024, the
building was deemed substantially completed. Following are accumulated contract costs
incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for
2022, 2023, and 2024.

Instructions
a. Using the percentage-of-completion method, prepare schedules to compute the profit or
loss to be recognized as a result of this contract for the years ended December 31, 2022,
2023, and 2024. (Ignore income taxes.)
b. Using the cost-recovery method, prepare schedules to compute the profit or loss to be
recognized as a result of this contract for the years ended December 31, 2022, 2023, and
2024. (Ignore income taxes.)
Jawaban:
a.
Computation of Recognizable Profit/Loss
Percentage-of-Completion Method
2022
Costs to date (12/31/22) $ 300,000
Estimated costs to complete 1,200,000
Estimated total costs $1,500,000
Percent complete ($300,000 ÷ $1,500,000) 20%
Revenue recognized ($1,900,000 X 20%) $ 380,000
Costs incurred (300,000)
Profit recognized in 2022 $ 80,000

2023
Costs to date (12/31/23) $1,200,000
Estimated costs to complete 800,000
Estimated total costs 2,000,000
Contract price (1,900,000)
Total loss $ 100,000
Total loss $ 100,000
Plus gross profit recognized in 2022 80,000
Loss recognized in 2023 $ 180,000

2024
Costs to date (12/31/23) $2,100,000
Estimated costs to complete 0
2,100,000
Contract price 1,900,000
Total loss $ (200,000)
Total loss $ (200,000)
Less: Loss recognized in 2022 $180,000
Gross profit recognized in 2023 (80,000) (100,000)
Loss recognized in 2024 $ (100,000)

(b) No profit or loss in 2022

2022
Contract price $1,900,000
Estimated costs (2,000,000)
Loss recognized $ 100,000
2023
Contract price $1,900,000
Costs incurred (2,100,000)
Total loss 200,000
Less: Loss recognized in 2022 100,000
Loss recognized $ 100,000