Implementation of Financial Management and Financial Accounting Standard Number 69 Concerning Agricultural Atvillage-owned Enterprises

Teguh Widodo, Suharyono

Abstract

PSAK 69 on Agriculture is effective as of January 1, 2018. However, given the many types of agriculture, there are no specific guidelines that provide guidance on how to apply it to certain agricultural industries. The purpose of this study is to analyze the application of financial management and application of biological assets based on Financial Accounting Standards No. 69. The significance of changes in the treatment of biological assets does not only lead to large business entities, but also BUMDes. This change in treatment led to all business entities engaged in agriculture such as agriculture, plantations and fisheries being asked to carry out a transformation in the preparation of their financial statements. But the concern is how the BUMDes readiness, especially those engaged in the industry. The second problem is that BUMDes has not applied SFAS 69 in its financial reporting. This is due to the absence of instructions and direction from the Village in making financial reports on the given capital.So the BUMDes reports in the format that the village facilitator has. Based on the list of fixed assets provided, there is no record of assets either garden land or plants or biological assets in the BUMD es asset list. The third problem is recording accounting and preparing financial statements manually using the Excel application. Not yet computerized with accounting software. So that the possibility of errors or errors will be easier to occur. With this research, it is expected to be a guideline for BUMDes who have an agricultural business in managing their business and reporting financial reports in accordance with applicable regulations.

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Paper Citation


in Harvard Style

Widodo T. and Suharyono. (2020). Implementation of Financial Management and Financial Accounting Standard Number 69 Concerning Agricultural Atvillage-owned Enterprises. In Proceedings of the 2nd International Conference on Applied Economics and Social Science - Volume 1: ICAESS, ISBN 978-989-758-517-3, pages 165-173. DOI: 10.5220/0010355301650173


in Bibtex Style

@conference{icaess20,
author={Teguh Widodo and Suharyono},
title={Implementation of Financial Management and Financial Accounting Standard Number 69 Concerning Agricultural Atvillage-owned Enterprises},
booktitle={Proceedings of the 2nd International Conference on Applied Economics and Social Science - Volume 1: ICAESS,},
year={2020},
pages={165-173},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010355301650173},
isbn={978-989-758-517-3},
}


in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Applied Economics and Social Science - Volume 1: ICAESS,
TI - Implementation of Financial Management and Financial Accounting Standard Number 69 Concerning Agricultural Atvillage-owned Enterprises
SN - 978-989-758-517-3
AU - Widodo T.
AU - Suharyono.
PY - 2020
SP - 165
EP - 173
DO - 10.5220/0010355301650173