15 Maret 2023

REVENUE
RECOGNITION
Accounting Laboratory

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 About Service Team Contact

PERCENTAGE OF
COMPLETION METHOD
REVENUE
RECOGNITION
COST RECOVERY
METHOD

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PERCENTAGE OF COMPLETION METHOD

Perusahaan mengakui pendapatan dan laba kotor setiap periode

berdasarkan kemajuan konstruksi yaitu persentase penyelesaian.

Perusahaan mengakumulasikan biaya konstruksi ditambah laba kotor

yang diperoleh hingga saat ini dalam akun inventaris (Konstruksi
dalam Proses), dan mengakumulasi tagihan progres dalam akun
kontra inventaris (Tagihan Konstruksi dalam Proses).

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COST RECOVERY METHOD

Perusahaan mengakui pendapatan dan laba kotor hanya ketika

kontrak selesai.

Perusahaan mengakumulasi biaya konstruksi dalam akun inventaris

(Konstruksi dalam Proses), dan mengakumulasi tagihan kemajuan
dalam akun kontra inventaris (Tagihan Konstruksi dalam Proses).

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 CONTOH SOAL

Fruit Co. memiliki kontrak senilai $1,9 juta untuk membangun gedung perkantoran pada
7 Januari 2020. Diperkirakan biaya konstruksi akan menjadi $1.600.000 dan akan
memakan waktu 3 tahun. Berikut adalah data terkait konstruksi (dalam $):

2020 2021 2022

Cost to date 400.000 1.105.000 1.700.000

Estimated Cost to complete 1.200.000 595.000 -

Progress billings to date 350.000 1.200.000 1.900.000

Cash collected to date 300.000 1.100.000 1.900.000

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PERTANYAANNYA?

Prepare the journal entries required for 2020, 2021, and

2022, using percentage of completion method!

Prepare the journal entries required for 2020, 2021, and

2022, using, cost recovery method!

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STEP 1 : PERCENT COMPLETE
2020 2021 2022

Contract Price 1.900.000 1.900.000 1.900.000

Estimated Cost:

Cost to Date (a) 400.000 1.105.000 1.700.000

Est. Cost to Complete (b) 1.200.000 595.000 -

Est. Total Cost (a + b) 1.600.000 1.700.000 1.700.000

Est. Total Gross Profit 300.000 200.000 200.000

Percent Complete 25% 65% 100%

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STEP 1 : PERCENT COMPLETE

Estimated Total GP = Contract Price - Est. Total Cost

= 1.900.000 - 1.600.000
= 300.000

Percent Complete = (Cost to Date : Est. Total Cost) x 100%

= 400.000 - 1.600.000 x 100%
= 25%

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STEP 2 : RECOGNIZE 2020

Recognized in Recognized in
To Date
Prior Years Current Year

2020

Revenue (a) 475.000 475.000

Costs (b) 400.000 400.000

Gross Profit (a-b) 75.000 75.000

a : Contract Price x Percent Complete

b : Cost to date
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STEP 2 : RECOGNIZE 2021
*: Ambil dari tahun sebelumnya

Recognized in Recognized in
To Date (x)
Prior Years* (y) Current Year (x-y)

2021

Revenue (a) 1.235.000 475.000 760.000

Costs (b) 1.105.000 400.000 705.000

Gross Profit (a-b) 130.000 75.000 55.000

a : Contract Price x Percent Complete

b : Cost to date
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STEP 2 : RECOGNIZE 2022 *: Ambil dari tahun sebelumnya, bagian
"To date"

Recognized in Recognized in
To Date (x)
Prior Years* (y) Current Year (x-y)

2022

Revenue (a) 1.900.000 1.235.000 665.000

Costs (b) 1.700.000 1.105.000 595.000

Gross Profit (a-b) 200.000 130.000 70.000

a : Contract Price x Percent Complete

b : Cost to date
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 JOURNAL 2020

Constuction in Process 400.000*

1) Material, Cash, Payable, etc 400.000
*: Di dapat dari "Cost to Date"

Account Receivable 350.000**

2)
Billings on Construction in Process 350.000
**: Di dapat dari "Progress billings during the year"

Cash 300.000***
3) Account Receivable 300.000
***: Di dapat dari "Cash Collected during the year"
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 JOURNAL 2021

Constuction in Process 705.000*

1) Material, Cash, Payable, etc 705.000
*: Di dapat dari "Cost to Date"

Account Receivable 850.000**

2)
Billings on Construction in Process 850.000
**: Di dapat dari "Progress billings during the year"

Cash 800.000***
3) Account Receivable 800.000
***: Di dapat dari "Cash Collected during the year"
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 JOURNAL 2022

Constuction in Process 595.000*

1) Material, Cash, Payable, etc 595.000
*: Di dapat dari "Cost to Date"

Account Receivable 700.000**

2)
Billings on Construction in Process 700.000
**: Di dapat dari "Progress billings during the year"

Cash 800.000***
3) Account Receivable 800.000
***: Di dapat dari "Cash Collected during the year"
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 About Service Team Contact

JURNAL DARI
PERCENTAGE OF COMPLETION METHOD

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 JOURNAL 2020

Constuction in Process 75.000*

Constuction Expenses 400.000**

Revenue from LT Contract 475.000***

*: Di dapat dari "Gross Profit" -> Recognized in Current Year

**: Di dapat dari "Costs" -> Recognized in Current Year

***: Di dapat dari "Revenue" -> Recognized in Current Year

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 JOURNAL 2021

Constuction in Process 55.000*

Constuction Expenses 705.000**

Revenue from LT Contract 760.000***

*: Di dapat dari "Gross Profit" -> Recognized in Current Year

**: Di dapat dari "Costs" -> Recognized in Current Year

***: Di dapat dari "Revenue" -> Recognized in Current Year

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 JOURNAL 2022

Constuction in Process 70.000*

Constuction Expenses 595.000**

Revenue from LT Contract 665.000***

Billings in Construction in Process 1.900.000

Constuction in Process 1.900.000

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 About Service Team Contact

JURNAL DARI
COST RECOVERY METHOD

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 JOURNAL
2020

Constuction Expenses 400.000*

Revenue from LT Contract 400.000

2021

Constuction Expenses 705.000*

Revenue from LT Contract 705.000

*: Di dapat dari "Costs" -> Recognizedin Current Year"

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 JOURNAL 2022

Constuction in Process 200.000*

Constuction Expenses 595.000**

Revenue from LT Contract 795.000

Billings in Construction in Process 1.900.000

Constuction in Process 1.900.000

*: Di dapat dari "Gross Profit -> To Date"

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