tangkiu embah... Panjang eh.
Btw, hitungan2 ratio yg embah bikin di www.obrolanbandar.net, itu
bahan2nya ambil yg online reporting dr idx.co.id?
atau dr media lain?
Pengen coba belajar hitung juga, dan compare ama yg dibuat embah.
hrsnya sama ya...
Salam,
On 4/19/09, jsx_consultant <jsx-consult...@centrin.net.id> wrote:
> Financial Engineering sangat rumit, dan siPELAKU berusaha agar
> aktivitasnya tidak terlihat pada laporan keuangan dengan
> mencari lopehole pada PSAK yaitu pedoman akuntan publik dalam
> mengaudit emiten (Pedoman Standar Akutansi Keuangan= PSAK).
>
> Indonesian Institute of Accountant berusaha memberi PEDOMAM
> bagi emiten untuk menyampaikan informasi yg BAKU tentang
> Corporate Action yg melibatkan Restrukturisasi pada Group,
> yg dikenal sebagai PSAK 38
>
> INDONESIAN INSTITUTE OF ACCOUNTANTS
> ACCOUNTING FOR RESTRUCTURING OF COMPANIES
> UNDER COMMON CONTROL
>
> STATEMENT OF
> SFAS No.
> FINANCIAL ACCOUNTING STANDARD
> 38
> INDONESIAN INSTITUTE OF ACCOUNTANTS
> ACCOUNTING FOR RESTRUCTURING OF COMPANIES
> UNDER COMMON CONTROL
>
> Page 2
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> Statement of Financial Accounting Standard (SFAS) No. 38, Accounting for
> Restructuring
> of Companies Under Common Control, was adopted by a meeting of the
> Indonesian
> Accounting Principles Committee on August 27, 1997 and was ratified by the
> Executive
> Committee of the Indonesian Institute of Accountants on September 5, 1997.
> Compliance with the policies contained in this Statement is not obligatory
> in the case of
> immaterial items.
> Indonesian Accounting Principles Committee
> Drs. Jusuf Halim
> Chairman
> Dra. Istini T. Siddharta
> Vice-Chairman
> Drs. Mirza Mochtar, MBA
> Secretary
> Prof. Dr. Wahjudi Prakarsa
> Member
> Dr. Katjep K. Abdoelkadir
> Member
> Drs. Jan Hoesada, MM
> Member
> Drs. Hein G. Surjaatmadja
> Member
> Drs. Sobo Sitorus
> Member
> Drs. Timoty E. Marnandus
> Member
> Dra. Mirawati Sudjono, MSc
> Member
> Dr. Nur Indriantoro
> Member
> Drs. Rusdy Daryono
> Member
> Dra. Siti Ch. Fadjriah
> Member
> Drs. Osman Sitorus
> Member
> Drs. Jusuf Wibisana, MSc
> Member
> Dra. Yosefa Sayekti, MCom
> Member
> Drs. Heri Wahyu Setiyarso, MBA Member
>
> Page 3
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> CONTENTS
> paragraphs
> INTRODUCTION
> .................................................................................................
> 01-03
> Background
> Objective
> Scope
> .............................................................................................................
> 01-02
> Definitions
> ..............................................................................................
> 03
> EXPLANATION
> .....................................................................................................
> 04-14
> Criteria for Control
> ...................................................................................
> 04-05
> Nature of Restructuring Transactions Between Companies Under Common
> Control
> ..........................................................................................................
> 06-10
> Difference between Transfer Price and Book Value
> ................................ 11-13
> Disclosures................................................................................................
> 14
> STATEMENT OF FINANCIAL ACCOUNTING STANDARD No. 38
> ACCOUNTING FOR RESTRUCTURING OF COMPANIES UNDER
> COMMON CONTROL ......…………………………........……………………… 15-24
> Disclosures
> ...............................................................................................
> 22
> Transition
> .................................................................................................
> 23
> Effective Date
> .........................................................................................
> 24
>
> Page 4
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> INTRODUCTION
> Background
> Most companies in Indonesia possess the characteristic of majority ownership
> and/or control
> under the same party, either directly or indirectly. Companies which possess
> such characteristics
> are referred to as under common control. In restructuring transactions
> between companies under
> common control, there is no change in the economic substance of ownership,
> although legal form
> of the ownership of shares or assets or liabilities or other ownership
> instruments is changed.
> Objective
> The objective of this Statement is to prescribe the accounting treatment for
> restructuring
> transactions between companies under common control, which is not addressed
> in the SFAS No.
> 22, Accounting for Business Combinations.
> Scope
> 01
> This Statement should be applied in the accounting for restructuring
> transactions in
> connection with transfers of assets, liabilities, shares or other ownership
> instruments between
> companies under common control.
> 02
> This Statement does not address business combination transactions between
> companies
> which are not under common control or entities which are not under the same
> control. Business
> combination transactions are addressed in SFAS No. 22, Accounting for
> Business Combinations.
> Definitions
> 03
> The following terms used in this Statement are defined as follows:
> Control is the power to determine the financial and operating policies of an
> enterprise so as to
> enjoy the benefits from its activities.
> A parent company is a company that owns one or more subsidiaries.
> Subsidiaries are companies that are controlled by another company (referred
> to as the parent
> company), through majority ownership or other means.
> Group companies are a combination of parent company and all of its
> subsidiaries.
> Minority interest is the portion of the results of operations and net assets
> of a subsidiary which are
> not owned, directly or indirectly (through subsidiaries), by the parent
> company.
> Fair value is the amount which is used as a basis for the exchange of assets
> or settlement of
> liabilities between knowledgeable and willing parties in an arm's length
> transaction.
>
> Page 5
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> Restructuring Date is the date on which control over net assets and
> operations of the acquiree is
> effectively transferred to the acquiror.
> Companies Under Common Control are parties (individuals, companies, or other
> entities) which
> directly or indirectly (through one or more intermediaries), control or are
> being controlled by or
> under the same control.
> Restructuring Transactions Between Companies Under Common Control are
> transfers of assets,
> liabilities, shares or other ownership instruments between parties
> (individuals, companies, or other
> entities) which, directly or indirectly (through one or more
> intermediaries), control or are being
> controlled or under the same control.
> EXPLANATION
> Criteria for Control
> 04
> Control is presumed to be exist when the control party (parent company) owns
> more than
> 50% of the voting rights of a controlled party (subsidiary), directly or
> indirectly (through other
> subsidiaries).
> 05
> Even when a company owns 50% or less of the voting rights, control is
> presumed to be
> exist if one of the following conditions could be demonstrated :
> a. has voting rights of more than 50% based on agreements with another
> investor;
> b. has the right to determine the financial and operating policies of other
> companies based on the
> deeds of establishment or agreements;
> c. power to appoint or remove a majority of the members of the board of
> directors or equivalent
> governing body of the other company;
> d. ability to obtain a majority of the votes at the meetings of the board of
> directors or equivalent
> governing body of the other companies.
> Nature of Restructuring Transactions Between Companies Under Common Control
> 06
> Restructuring transactions between companies under common control represent
> transfers
> of assets, liabilities, shares or other ownership instruments by
> reorganizing entities within the
> same group, does not represent changes of ownership in terms of economic
> substance, and should
> not result in gain or loss for the group companies as a whole or for the
> individual entity in the
> group. Examples of transactions between companies under common control are
> as follows:
> a. A parent company transfers a portion of the net assets of a wholly-owned
> subsidiary into the
> parent company. This transaction causes a change in legal form of ownership
> in the net assets,
> but does not change the economic substance of ownership in the net assets.
>
> Page 6
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> b. A parent company transfers a portion of its ownership interest in a
> certain subsidiary to another
> wholly-owned subsidiary. This transaction represents a change in legal form
> of the ownership
> in the subsidiary, but does not represent a change in economic substance of
> ownership in the
> subsidiary.
> c. A parent company exchanges a portion of the net assets of a wholly-owned
> subsidiary for
> additional shares issued by the parent's partially-owned subsidiary, thereby
> increasing the
> parent's ownership interest in the partially-owned subsidiary, while
> decreasing the minority
> interest percentage ownership in the subsidiary. In this circumstance,
> although legal form of
> the ownership in net assets of subsidiary is changed (from direct ownership
> by the parent
> company to ownership through a subsidiary), there is no change in the
> economic substance of
> ownership in net assets.
> 07
> Companies which are not under common control are treated as under common
> control
> companies if within the period of twenty four months or less :
> a. The companies which are not under common control used to be under the
> same control, or
> b. The transferred assets, liabilities, shares or other ownership
> instruments used to be owned by
> under common control companies.
> 08
> Purchase transactions of shares or net assets owned by minority shareholders
> (which are
> not under the same control with the majority shareholders) represent
> transactions which involve
> changes in economic substance of ownership from minority shareholders to
> majority shareholders,
> and therefore do not represent restructuring transactions between companies
> under common
> control.
> 09
> Since restructuring transactions between companies under common control do
> not result in
> changes in economic substance of ownership in transferred assets, shares,
> liabilities or other
> ownership instruments, the transferred assets or liabilities (in legal form)
> should be recorded at
> book value in a manner similar to business combination transactions using
> the pooling of interest
> method.
> 10
> In applying the pooling of interest method, the financial statement items of
> the restructured
> companies for the period in which the restructuring occurs and for any
> comparative periods should
> be presented as if the companies had been combined from the beginning of the
> earliest period
> presented. The financial statements of a company should not incorporate
> pooling of interest for a
> combining party, if the pooling of interest occurs subsequent to the date of
> the most recent balance
> sheet presented.
> Difference between Transfer Price and Book Value
> 11
> The difference between transfer price and book value for each restructuring
> transaction
> between companies under common control is recorded in an account entitled
> "Difference in Value
> Resulting from Restructuring Transactions Between Companies Under Common
> Control." The
> account balance is presented as a component of Shareholders' Equity.
>
> Page 7
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> 12
> The difference between transfer price and book value in connection with
> restructuring
> transactions between companies under common control does not represent
> goodwill.
> 13
> The balance in the account "Difference in Value Resulting from Transactions
> Between
> Companies Under Common Control" does not change because of subsequent
> transfers of assets,
> liabilities, shares or other ownership instruments to other companies which
> are not under common
> control.
> Disclosures
> 14
> For all restructuring transactions between companies under common control,
> the following
> disclosures should be made in the financial statements for the period in
> which the restructuring
> occurs :
> a. the classification, book value and transfer price of the transferred
> assets, liabilities, shares or
> other ownership instruments
> b. the date of restructuring transactions between companies under common
> control
> c. the name of the related entity
> d. the accounting method applied.
>
> Page 8
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> STATEMENT OF FINANCIAL ACCOUNTING STANDARD NUMBER 38
> ACCOUNTING FOR RESTRUCTURING OF COMPANIES UNDER COMMON
> CONTROL
> Statement of Financial Accounting Standard No. 38 consists of paragraphs
> 15-24. This
> Statement should be read in the context of paragraphs 01-14.
> 15
> Restructuring transactions between companies under common control represent
> transfers
> of assets, liabilities, shares or other ownership instruments by
> reorganizing entities within the
> same group, does not represent changes of ownership in terms of economic
> substance, and should
> not result in gain or loss for the group companies as a whole or for the
> individual entity in the
> group.
> 16
> Companies which are not under common control are treated as under common
> control
> companies if within the period of twenty four months or less :
> a. The companies which are not under common control used to be under the
> same control, or
> b. The transferred assets, liabilities, shares or other ownership
> instruments used to be owned by
> under common control companies.
> 17
> Purchase transactions of shares or net assets owned by minority shareholders
> (which are
> not under the same control with the majority shareholders) represent
> transactions which involve
> changes in economic substance of ownership from minority shareholders to
> majority shareholders,
> and therefore do not represent restructuring transactions between companies
> under common
> control.
> 18
> Since restructuring transactions between companies under common control do
> not result in
> changes in economic substance of ownership in transferred assets, shares,
> liabilities or other
> ownership instruments, the transferred assets or liabilities (in legal form)
> should be recorded at
> book value in a manner similar to business combination transactions using
> the pooling of interest
> method.
> 19
> In applying the pooling of interest method, the financial statement items of
> the restructured
> companies for the period in which the restructuring occurs and for any
> comparative periods should
> be presented as if the companies had been combined from the beginning of the
> earliest period
> presented. The financial statements of a company should not incorporate
> pooling of interest for a
> combining company, if the pooling of interest occurs subsequent to the date
> of the most recent
> balance sheet presented.
> Difference between Transfer Price and Book Value
> 20
> The difference between transfer price and book value for each restructuring
> transaction
> between companies under common control is recorded in an account entitled
> "Difference in Value
>
> Page 9
> ACCOUNTING FOR RESTRUCTUING OF COMPANIES UNDER COMMON CONTROL
> SFAS No. 38
> Resulting from Restructuring Transactions Between Entities Under Common
> Control." The
> account balance is presented as a component of Shareholders' Equity.
> 21
> The difference between transfer price and book value in connection with
> restructuring
> transactions between companies under common control does not represent
> goodwill.
> Disclosures
> 22
> For all restructuring transactions between companies under common control,
> the following
> disclosures should be made in the financial statements for the period in
> which the restructuring
> occurs :
> a. the classification, book value and transfer price of the transferred
> assets, liabilities, shares or
> other ownership instruments
> b. the date of restructuring transactions between companies under common
> control
> c. the name of the related entity
> d. the accounting method applied.
> Transition
> 23
> If the application of this Statement results in a change in accounting
> policy, the change
> should be reported on a prospective basis.
> Effective Date
> 24
> This Statement becomes effective for restructuring transactions which occurs
> on or after
> October 1, 1997. Earlier application is encouraged.
>
>
>
>
>
> --- In obrolan-bandar@yahoogroups.com, Mico Wendy <micowe...@...> wrote:
>>
>> ada linknya?pengen tahu...
>> pengen belajar yang susah dicari di buku2. aku kebetulan seneng di IT.
>> kalau
>> di finance gini kaya lautan informasi. super newbie. :)
>>
>> back. kalau harga saham naik. di laporan keuangan perusahaan harusnya ada
>> yang berubah (bagian equity?)?
>>
>> info ini cukup penting... spt yang tadi pak yudizz cerita ttg bumi. saya
>> setiap coba di bumi, hati dan pikiran ngga tenang...
>> karena menurut pendapat saya, kalau perusahaan menfokuskan diri cari uang
>> di
>> finance, bukan di bisnis utama. istilah mah: bandar selalu untung.. they
>> are
>> the boss. they can do whatever they want.
>>
>> tapi saya heran juga, kan ada istilah windows dressing di akhir tahun. ini
>> buat apa bagi perusahaan kalau dia ngga mau mengambil keuntungan sesuatu.
>> apa buat menyenangkan investor lain di luar perusahaan?
>>
>>
>>
>> salam,
>>
>> 2009/4/19 Boys n Girls <boysngi...@...>
>>
>> >
>> >
>> > Di BEI ada loop hole yang bisa dipakai.
>> >
>> > Saya tulis soal ini minggu lalu di salah satu milis.
>> > Tapi no response.
>> >
>> > Check aja keterbukaan investasi emiten akhir-akhir ini.
>> >
>> >
>> > On 4/19/09, jsx_consultant
>> > <jsx-consult...@...<jsx-consultant%40centrin.net.id>>
>> > wrote:
>> > > Kalo harga saham anak perusahaan diangkat, otomatis laporan
>> > > keuangan atau harga saham induk perusahaan akan naik.
>> > >
>> > > Jika BUMI, UNSP, ELTY, ENRG, DEWA diangkat tentunya laporan
>> > > keuangan BNBR dan harga sahamnya akan naik.
>> > >
>> > > Strategi Finansiil dengan membuat emiten A punya saham B dan
>> > > emiten B punya saham A, malah sampai melibatkan beberapa
>> > > perusahaan merupakan bagian dari FINANCIAL ENGINEERING yg
>> > > canggih. Dari dulu ini dilakukan oleh group Lippo, ini membuat
>> > > harga saham di KENDALIKAN oleh group melalui Corporate Action
>> > > yg melihatkan jumlah saham pada afiliasinya tsb.
>> > >
>> > > Ini membuat BEI membuat aturan tidak boleh ada 2 emiten
>> > > di BEI jika kepemilikan sahamnya melebihi jumlah tertentu,
>> > > jika lebih salah satu emiten harus delisting.
>> > >
>> > > Persis bunyi aturannya embah lupa...
>> > >
>> > >
>> > >
>> > > --- In obrolan-bandar@yahoogroups.com
>> > > <obrolan-bandar%40yahoogroups.com>,
>> > "y_dizz" <y_dizz@> wrote:
>> > >>
>> > >> Emiten yang baik seharusnya tidak peduli akan fluktuasi harga saham
>> > >> perusahaan. Mereka menjadi pemegang saham mayoritas memang tujuannya
>> > untuk
>> > >> ikut ambil bagian dalam bisnis tersebut, fokusnya adalah untuk
>> > >> meningkatkan kinerja perusahaan. Kalo kinerja perusahaan bagus,
>> > >> labanya
>> > >> naik tiap tahun, otomatis harga saham akan ngikut sendiri. Investor
>> > >> akan
>> > >> happy, selain dapat deviden, saham mereka harganya meningkat.
>> > >>
>> > >> Itu contoh yang baik, bisa Anda temukan misalnya pada emiten grup
>> > >> Astra.
>> > >> Sekarang kita bicara contoh yang tidak baik.
>> > >>
>> > >> Bakrie itu sudah terkenal jago Financial Engineering. Sebagai emiten
>> > >> mereka tidak berfokus untuk cari keuntungan dari bisnis di sektor
>> > >> riil,
>> > >> mereka lebih suka cari cuan dari menggoreng harga sahamnya dengan
>> > berbagai
>> > >> CA, lewat akuisisi perusahaan ini dan itu. Apa untungnya kalo harga
>> > saham
>> > >> naik? Ya antara lain, mereka kan bisa aja REPO saham miliknya. Begitu
>> > >> dapet cash dia akuisisi perusahaan baru, harga saham naik lagi.
>> > >> Akuisisi
>> > >> lagi, pake hutang, bayarnya dikonversi jadi Debt to Equity Swap,
>> > >> dst...
>> > >>
>> > >> Cara yang kotor untuk berbisnis? Bisa saja anda bilang begitu. Tapi
>> > >> nyatanya investor juga senang tuh, yang penting kan harga sahamnya
>> > >> naik.
>> > >> Buktinya BUMI tetap aja jadi saham sejuta umat.
>> > >>
>> > >> Cuma hati2 saja, model bisnis seperti ini cepat atau lambat akan
>> > >> memicu
>> > >> bubble. Kalo suatu saat si emiten pengin buyback di harga rendah bisa
>> > aja
>> > >> investor dikerjain seperti kasus BUMI, turun dari 8750 ke 385.
>> > >> Intinya
>> > >> kalo mau invest di sini, Anda hanya bergantung kebaikan hati bandar.
>> > >>
>> > >> Itulah kenapa saya bilang emiten grup Bakrie itu enak banget buat
>> > trading,
>> > >> tapi nggak cocok buat invest long term.
>> > >>
>> > >> Regards,
>> > >> Yudizz
>> > >>
>> > >>
>> > >>
>> > >> --- In
>> > >> obrolan-bandar@yahoogroups.com<obrolan-bandar%40yahoogroups.com>,
>> > Mico Wendy <micowendy@> wrote:
>> > >> >
>> > >> > Pak... Tanya yg sama nih. Kalau bakri ngga nambah atau ngurangin
>> > >> > jumlah saham yg dimiliki prshnya, apakah ada gunanya buat prsh
>> > >> > tersebut mengusahakan saham naik atau turun?
>> > >> >
>> > >> > Makasih.
>> > >> >
>> > >>
>> > >
>> > >
>> > >
>> >
>> >
>> >
>>
>>
>>
>> --
>> Mico Wendy
>> m...@... yahoo: micowendy, icq: 1384769, msn: micowendy
>> PT Konsep Dot Net - www.konsep.net
>> Turning Concept into Reality
>> Web Programming - Software Development
>>
>
>
>
--
Sent from my mobile device
Mico Wendy
m...@konsep.net yahoo: micowendy, icq: 1384769, msn: micowendy
PT Konsep Dot Net - www.konsep.net
Turning Concept into Reality
Web Programming - Software Development
------------------------------------
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