Asset
Resources a government owns.
Liability
Claims against assets (debts and obligations).
Fund Equity
Ownership claim on total assets.
Recording
Summarizing
Reporting
Financial Statements
Entries /
Journals
General Ledgers
Worksheets
Subsidiary ledgers
Buku Register
Buku Jurnal
Penerimaan Kas
Kumpulan
Rekening (Ringkasan dan Rincian)
Laporan Realisasi
APBD
Bukti Penerimaan
Kas
Buku Jurnal
Pengeluaran Kas
Bukti Pengeluaran
Kas
Bukti Memorial
Accounting Policy
Balance Sheet
Equity in the government sector: Fund Equity Equity in the private sector: ownership claims on total asset (sources of resources owned by the company) Fund Equity is Asset minus Liability
Fund Equity
Current Fund Equity = Current Asset Current Liability. Investment Fund Equity depicts governments resources which are invested in long-term investment, fixed asset, and other assets Long term liability. Reserve Fund Equity reveals governments resources that are reserved for special purposes in accordance to governments regulation
Revenues, expenses and financing cash basis. Applied to all governments reporting entity (APBN/APBD). Do not include state-owned enterprises Entities use accrual basis still need to prepare Statement of Budget Realization.
Matching the realization of revenue, expenses, and financing with its budget; Budgetary Accounting in the APBN and APBD:
Expenses:
Accounting Basis
Revenues are recognised when received in the governments account: or rekening Kas Umum Negara/Kas Umum Daerah Expenses are recognized when cash out from the governments account or rekening Kas Umum Negara/Kas Umum Daerah Receipt of financing is recognized when it is received in the governments account: or rekening Kas Umum Negara/Kas Umum Daerah Cash out from financing is recognised when it is out from the governments account: or rekening Kas Umum Negara/Kas Umum Daerah
Budgetary Accounting
Budgetary accounting is a tool for responsibility and management control of revenues, expenses, transfer and financing. Revenue budget is called estimated revenues. Expenditure budget is called appropriation which is further called allotment (authorization to spend) Financing budget: receive of financiang and expenditure of financing.
Entries/Journal
Budget approval (entry when budget is approved by the DPR/DPRD) Journal of estimated revenue and expenditure allotment Journal of budget realization
Including:
Jurnal Korolari
xxx
xxx xxx
Estimasi Penerimaan Pembiayaan xxx Pembiayaan Neto xxx Apropriasi Pengeluaran Pembiayaan xxx
BUD
Alokasi Estimasi Pendapatan Alokasi Apropriasi Belanja Surplus/Defisit xxx
xxx xxx
SKPD
Estimasi Pendapatan yg Dialokasikan Utang kepada BUD Piutang kepada BUD Allotment Belanja xxx xxx
xxx
xxx
Definition of Revenue
All receipts in the governments account know as Rekening Kas Umum Negara/Daerah which add Current Fund Equity which will become the governments right and will not be repaid.
Revenue is classified by sources and types Transfer: from other entities such as General Allocation Fund (DAU), shared revenues (DBH) Revenues: measured by azaz bruto. Cannot be compensated by expenditures needed to get that revenue
Revenue realization
Directly to the governments account (Disetor langsung ke BUD) Through Units treasury (bendahara penerimaan SKPD)