Accounting (Reeve, Warren Fees)
Accounting (Reeve, Warren Fees)
Tingkatan kedua:
- Konsep dasar Karakterist Elemen
ik mutu Laporan
pelaporan informasi Keuangan
Tingkatan ketiga:
- Pedoman
pelaksanaan Asumsi Prinsip Kendala
LAPORAN RUGI-LABA, NERACA DAN
ARUS KAS
Laporan Keuangan :
Laporan Utama : Laporan Perhitungan Rugi Laba,
Neraca
Laporan Pelengkap : Laporan Perubahan Laba
Ditahan, Laporan Arus Kas, Catatan atas Laporan
Keuangan
Keterbatasan Neraca :
1. Tidak Menggambarkan nilai sekarang
2. Penggunaan prinsip harga perolehan berakibat tidak
dapat dihindarkannya unsur-unsur taksiran
3. Tidak seluruh informasi yang bernilai finansial bagi
perusahaan dapat disajikan di dalam neraca
1. Aktiva
Merupakan jumlah uang yang dinyatakan atas sumber-
sumber ekonomi yang dimiliki oleh perusahaan, baik uang
berupa uang, barang maupun hak-hak yang dijamin oleh
undang-undang atau pihak-pihak tertentu yang timbul dari
transaksi / peristiwa di masa yang lalu.
2. Hutang
Yaitu jumlah uang yang dinyatakan atas kewajiban-
kewajiban untuk menyerahkan uang, barang dan jasa-jasa
kepada pihak lain di masa yang akan datang. Kewajiban
timbul sebagai akibat dari transaksi / peristiwa yang
mempengaruhi perusahaan di masa yang lalu.
NERACA
Aktiva Hutang Dan Modal
Aktiva Lancar . Pendapatan Diterima
dimuka
Investasi Jangka Panjang Hutang Jangka Panjang
December, 31
Assets 19X9 19X8
Current Assets:
Cash and cash equivalents $19,500 $15,000
Marketable securities 46,300 32,000
Accounts receivable - net of allowance
for doubtful accounts of $2,375 in
19X9 and #3,000 in 19X8 156,000 145,000
Inventories, at the lower of cost or market 180,000 185,000
Prepaid expenses and other current assets 4,000 3,000
Total Current Assets 405,800 380,000
Consolidated Balance Sheets,
Property, Plant and Equipment
Property, Plant and Equipment:
Land 30,000 30,000
Building 125,000 118,500
Machinery 200,000 171,100
Leasehold improvements 15,000 15,000
Furniture, fixtures, etc. 15,000 12,000
Total property, plant and equipment 385,000 346,600
Less: accumulated depreciation 125,000 97,000
Net Property, Plant and Equipment 260,000 249,600
Consolidated Balance Sheets, Other Assets
Other Assets:
Intangibles (goodwill, patents) -
net of accumulated amortization
of $300 in 19X9 and $250 in 19X8 1,950 2,000
Investment securities, at cost 300 ---
Total Other Assets 2,250 2,000
Total Assets $668,050 $631,600
Consolidated Balance Sheets, Liabilities
December, 31
Liabilities and Shareholders' Equity 19X9 19X8
Liabilities:
Current Liabilities:
Accounts payable $60,000 $57,000
Notes payable 51,000 61,000
Accured expenses 30,000 36,000
Income taxes Payable 17,000 15,000
Other liabilities 12,000 12,000
Current portion of long-term debt 6,000 ---
Total Current Liabilities 176,000 181,000
Long-term Liabilities:
Deferred income taxes 16,000 9,000
9.12% debentures payable 2010 130,000 130,000
Other long-term debt --- 6,000
Total Liabilities 322,000 326,000
Consolidated Balance Sheets, Shareholders’ Equity
Shareholder' Equity:
Preferred stock, $5.83 cumulative,
$100 par value; authorized, issued
and outstanding: 60,000 shares 6,000 6,000
Common stock, $5.00 par value,
authorized: 20,000 shares;
issued and outstanding:
19X9 - 15,000,000 shares, 19X8 - 14,500,.000 shares 75,000 72,500
Additional paid-in capital 20,000 13,500
Retained earnings 249,000 219,600
Foreign currency translation
adjustments (net of taxes) 1,000 (1,000)
Unrealized gain on available-for-sale securities
(net of taxes) 50 ---
Less: Treasury stock at cost
(19X9 and 19X8 - 1,000 shares) (5,000) (5,000)
Total Shareholders' Equity 346,050 305,600
Total Liabilities and Shareholders' Equity $668,050 $631,600
Consolidated Income Statement
Years Ended December 31,
19X9 19X8
Net Sales $765,050 $725,000
Cost of sales 535,000 517,000
Gross margin 230,050 208,000
Operating expenses:
Depreciation and amortization 28,050 25,000
Selling, general and administrative expenses 96,804 109,500
Operating income 105,196 73,500
Other income (expenses):
Dividend and interest income 5,250 10,000
Interest expense (16,250) (16,750)
Income before income taxes and extraordinary loss 94,196 66,750
Income taxes 41,446 26,250
Income before extraordinary loss 52,750 40,500
Extraordinary item: loss on earthquake destruction
(net of income tax benefit of $750) (5,000) ---
Net income $47,750 $40,500
Consolidated Income Statement, continued