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CONTRIBUTION RECEIVED AND MADE FAS-116 memberikan tuntunan dalam akuntansi untuk contribution received dan contributions given,

janji untuk memberi cash atau asset lainnya, contribution services, pengumpulan karya seni, hadiah dengan kondisi donor yang telah ditetapkan. FAS-116 juga menentukan kapan untuk mengetahui waktu berakhir dari batasan donor. Istilah standarisasi FAS-116 digunakan untuk mendeskripsikan kontribusi dan pengakuan dari pendapatan untuk contribution received and expense for contribution given. FAS-116 menerapkan untuk kontribusi kas, asset non moneter, dan jasa, dan janji untuk memberikan yang sama. Penerapan itu untuk pertukaran transaksi dimana nilai yang diterima terlalu banyak dibanding dengan nilai yang diberikan. Hal itu tidak diterapkan untuk (a) menawarkan transaksi arms-length tanpa unsur hadiah atau (b) transaksi dimana entitasnya merupakan salah satu dari kekuatan badan/agency.

http://www.nonprofitaccountingbasics.org/audits-external-reporting-disclosure/fas116 Apa itu FASB 116? FASB 116 adalah petunjuk utama yang terkait dengan pencatatan pendapatan kontribusi oleh organisasi non profit. FASB diterbitkan pada tahun 1993. FASB116 dibuat dengan standart baru yang berhubungan dengan pencatatan dan penyajian kontribusi pendapatan dan memperkenalkan keterbatasan pendapatan dan net asset. Pengaruh utama FASB 116 adalah mengharuskan organisasi non profit melakukan pencatatan terhadap semua kontribusi tak bersyarat atas pendapatan dimana laporan atas kontribusi diterima. Apa yang tercakup dalam FASB 116? FASB 116 berlaku hanya untuk kontribusi pendapatan, bukan untuk pertukaran transaksi (contoh : hibah, program pelayanan pendapatan, non-kontribusi pendapatan). Sering itu

sulit untuk membedakan antara kontribusi dan pertukaran transaksi, beberapa factor yang menunjukkan pertukaran transaksi : Jika perjanjian tidak ditepati maka akan dikenakan sanksi secara ekonomi.

http://people.emich.edu/skattelus/fin007.htm

The FASB issued SFAS No. 116 in 1993 applicable to all not-for-profit entities that receive or make contributions. FASB diterbitkan SFAS No. 116 tahun 1993, berlaku untuk semua organisasi non profit yang menerima atau membuat kontribusi. 2. Definition A contribution is "an unconditional transfer of cash or other asset to the entity or a settlement or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner". These contributions may be in the form of cash, other assets, or services and may include "promises" to give. A contribution under SFAS No. 116 does not include "exchange" transactions, where both parties involved give and receive at a comparable value. Kontribusi adalah 3. How to record a contribution When contributions are made, they are recorded as revenues or gains in the period in which they were made at fair value. Conversely, any contributions made by the organization are recognized as expenses in the period in which they were given at fair value. Bagaimana cara pencatatan kontribusi : Ketika kontribusi dibuat mereka langsung mencatat sebagai pendapatan atau laba di periode tersebut dimana dibuat berdasarkan fair value. Sebaliknya, jika kontribusi dibuat oleh organisasi maka diakui sebagai beban di periode tersebut dimana dibuat berdasarkan fair value. 4. Classification Contributions received by a non-profit organization are classified as either "restricted" or "unrestricted". Contributions that are received with donor-imposed restrictions are considered permanently restricted net assets (endowments), or temporarily restricted net assets. Circumstances surrounding the contribution dictate whether it is permanently restricted, temporarily restricted or without restrictions. These restrictions limit the ability of the organization to use the funds, and therefore must be recorded separately. Unconditional promises to give in the future are considered restricted support. Only the promises to give that affect the current period may be considered unrestricted

support. When a donor-imposed restriction expires, the period in which the restriction expires should reflect a reclassification from restricted net assets to unrestricted net assets. Klasifikasi Penerimaan kontribusi dari organisasi non profit diklasifikasikan sebagai terbatas atau tidakterbatas. 5. Conditional gifts When a promise to give is conditional on a future event, the contribution should be recognized when the condition is substantially fulfilled. In essence, the conditional support becomes unconditional. Often, it can be difficult to distinguish between conditions and restrictions. In this case, it should be presumed to be a conditional promise to give. 6. Disclosures When a promise to give is received by a non-profit organization, certain disclosures need to be recorded. The time length of the receivable is disclosed as 1) amount of promise receivable in less than one year, 2) amount of promise receivable in one to five years or 3) amount of promise receivable in more than five years. The amount of the allowance for uncollectible promises should also be disclosed. These disclosures should include the total amount of the promise and a description and amount of the category of the promise. For instance, all promises to give for the purpose of completing a new building should be disclosed as a combined amount of all contributions for that purpose under that category description. 7. Collections When donations are made that involve works of art, historical treasures and similar assets, they need not be recognized as contributions if the following three conditions are met: a. it is held for public exhibition, education, or research in the furtherance of public service rather than financial gain b. it is protected, kept encumbered, cared for, and preserved c. it is subject to an organizational policy that requires the proceeds from sales of collections items to be used to acquire other items for collections.

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