Beruflich Dokumente
Kultur Dokumente
How SAK ETAP to be implemented in LPD (assumption LPD same with BPR)
On May 19, 2009, the Financial Accounting Standards Board (DSAK) ratified the
Financial Accounting Standards for Entities without Public Accountability (SAK ETAP).
This SAK ETAP appears same with International Financial Reporting Standard for Small
and Medium-sized Entities (IFRS for SMEs). Despite having different titles, both SAK
ETAP and IFRS for SMEs are equally for entities without public accountability, only the
term used as a title
IFRS are small and medium-sized entities (SMEs).
Use of SAK ETAP as the financial accounting standard for LPD aims to simplify LPDs in
applying the standards accounting but still pay attention to harmonization with the standard
applicable international accounting that needs to be supported by the Code BPR or LPD
accounting as a more technical guide, where in The PA-BPR contains explanations and
examples of calculations is expected to facilitate understanding of SAK ETAP for BPR
Preparation of PA-BPR is intended to provide a minimum reference which must be fulfilled
by the RB in preparing its financial statements. In addition, PA-BPR also aims to create
uniformity the accounting treatment of unique transactions in the RB within preparation of
financial statements so as to improve quality the financial statements among BPRs,
particularly its appeal
The difference between SAK ETAP and SAK ETAP BPR lies in items presented in the
balance sheet, income statement, and cash flow statement. Its because the different types
of activities in which SAK ETAP BPR is intended for BPR-type financial institutions
engaged in the field credits to prepare financial statements while SAK ETAP is addressed
for all good entities engaged in services and manufacturing which has no significant public
accountability. The difference between these posts data below
7. Foreclosed properties;
9. Intangible assets