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The Role of Government Accounting
Standards Committee (KSAP) in
Supporting the Implementation of
Accrual Accounting in Indonesia
By:
Binsar Simanjuntak
Chairman of Working Committee
Government Accounting Standards Committee
Agenda
• Organization
• Strategic Activities
• Indonesian Government Accounting Standards Development
• Due Process
• The Indonesian Government Accounting Standards Statements (IGAS)
• Interpretation of Government Accounting Standards Statements
• Technical Bulletins
• Coverage of Indonesian Government Accounting Standards
• The Role of GASC in the Implementation of Accrual Accounting
• Development of Indonesian Government Accounting Standards
• Outcome of the Implementation of Accrual Accounting
• Challenges in the Implementation of Accrual Accounting
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ORGANIZATION
1. KSAP was established by Presidential Decree No. 84/2004 and amended by Presidential Decree No. 21/2013 in accordance with the State Finance Law No.17/2003 and State Treasury Law No. 1/2004.
2. KSAP is established to improve transparency and accountability of public financial management through the development and the implementation of Government Accounting Standards.
3. KSAP consist of:
a. Consultative Committee
b. Working Committee
Assisted by:
a. Working Group
b. Secretariat
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STRATEGIC ACTIVITIES
1. Development of Government Accounting Standards (GAS)
Statements
2. Development of Interpretation of Government Accounting
Standards Statements
3. Development of Technical Bulletin of Government Accounting
Standards
4. Development of Case Studies of Government Accounting
5. GAS Limited Hearing
6. GAS Public Hearing
7. Training of Trainers/Workshop/Socialization
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2004
2010 2015
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Indonesian Government Accounting
Standards Development
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DUE PROCESS
1. Topic Identification to be Developed as Standard
2. Assign Working Group
3. Limited Research by Working Group
4. Standard drafting by Working Group
5. Discussion of preliminary draft by Working Committee
6. Decision Making for Exposure Draft
7. Launching of the Exposure Draft
8. Limited hearing & public hearing
9. Discussion of comments and inputs from hearings
10. Finalization of the standards, by taking into BPK’s consideration.
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Cash towards Accrual Accrual
Conceptual Framework Conceptual Framework
PSAP 01 Presentation of Financial Statements Presentation of Financial Statements
PSAP 02 Statement of Budget Realization Statement of Cash-based Budget Realization
PSAP 03 Statement of Cash Flows Statement of Cash Flows
PSAP 04 Notes to the Financial Statements Notes to the Financial Statements
PSAP 05 Accounting for Inventories Accounting for Inventories
PSAP 06 Accounting for Investment Accounting for Investment
PSAP 07 Accounting for Fixed Assets Accounting for Fixed Assets
PSAP 08 Accounting for Construction in Progress Accounting for Construction in Progress
PSAP 09 Accounting for Liabilities Accounting for Liabilities
PSAP 10 Correction of Errors, Changes in Accounting Policy,
and Extraordinary Events
Correction of Errors, Changes in Accounting Policy,
Changes in Accounting Estimation and Discontinued
Operations
PSAP 11 Consolidation of Financial Statements Consolidation of Financial Statements
PSAP 12 - Statement of Operations
PSAP 13 - Accounting of Public Service Agencies
The Indonesian Government Accounting Standards
(IGAS)
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Interpretation of Government Accounting Standard
Statements
Interpretation
Interpretation No 1 Foreign Currency Transactions
Interpretation No 2 Revenue Recognition in State/Local Treasury Accounts
Interpretation No 3 Financing Disbursement Recognition from State/Local Treasury Accounts
Interpretation No 4 Changes in Accounting Policies and Correction of Errors without Restatement
Cash towards Accrual Accrual
TB 01 Preparation Initial Balance Sheet for Central
Government
--
TB 02 Preparation Initial Balance Sheet for Local
Government
--
TB 03 Presentation Initial Balance Sheet for Local
Government with Conversion
--
TB 04 Presentation and Disclosure of Government
Spending
--
TB 05 Accounting for Depreciation TB 18 Accounting for Depreciation (2014)
TB 06 Accounting for Receivable TB 16 Accounting for Receivables (2015)
TB 07 Accounting for Revolving Funds
TB 08 Accounting for Liabilities TB 22 Accounting for Liabilities (2015)
TB 09 Accounting for Fixed Assets TB 15 Accounting for Fixed Assets (2014)
TB 10 Accounting for Social Assistance Expenditure TB 19 Accounting for Social Assistance (2015)
TB 11 Accounting for Intangible Assets TB 17 Accounting for Intangibles Assets (2014)
TB 12 Accounting for Transaction in Foreign
Currencies
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Technical Bulletins
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Cash towards Accrual Accrual
TB 13 Accounting for Grants --
TB 14 Accounting for Cash --
TB 20 -- Accounting for State Losses (2015)
TB 21 -- Accounting for Transfers (2015)
Technical Bulletins
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1. Central Government:
a. 1 Central Government (CGFS)
b. 87 Reporting Entities (Line Ministries/Agencies)
2. Local Government:
a. 34 Provinces
b. 416 Municipalities
c. 98 Cities
3. Total 636 Entities
Coverage of Indonesian Government
Accounting Standards
Source:
1. Law of State Budget Accountability Year 2015
2. Regulation of Ministry of Home Affairs No. 16 Tahun 2015
1. Issuance of Government Regulation Number 71 Year 2010 on
Accrual-based Indonesian Government Accounting Standards
(IGAS) (fully implemented from 2015)
2. Issuance of IGAS Statement Number 13 on Accounting of Public
Service Agencies (implemented from 2016)
3. Revision of IGAS Statement Number 6 on Accounting for Investment
(in process)
4. Issuance of Interpretation of IGAS on Changes in Accounting
Policies and Correction of Errors without Restatement (implemented
from 2015)
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The Roles of Government Accounting Standards
Committee in the Implementation of Accrual Accounting
1. Village Government Financial Reporting Standard
2. Government Accounting Standard Statement on Accounting for Intangible
Assets
3. Government Accounting Standard Statement on Events after Reporting Date
4. Government Accounting Standard Statement on Accounting for Non
Governmental Entities Receiving the State Budget
5. Government Accounting Standard Statement on Operational Revenue
6. Government Accounting Standard Statement on Joint Arrangements
7. Technical bulletin on Accounting for Revolving Funds (in the finalization
process)
8. Technical bulletin on Accounting for Tax Revenue (in the finalization process)
9. Technical bulletin on Accounting for Non Tax Revenue
10. Technical bulletin on Accounting of Public Service Agencies
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Regulation:
1. Law No.6/2014 on Village
2. Law No.17/2003 on State Finance
Conditions:
Village fund should be managed fairly, properly, professional and
accountable.
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Village Budget Allocation
Increase 2015 (IDR) 2016 (IDR)
74,000 20,766,200,000,000 46,982,080,000,000 226%
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Standard Setting Process:
High level Meeting
22 April 2016
Limited Hearing
9 Nov 2016
Public Hearing 14 Dec 2016
Village Government Financial Reporting Standard Exposure Draft can be
downloaded at www.ksap.org
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1. Improvement in accountability of Government performance (for
example expenses/accruals will reflect the actual resourses used
for government activities)
2. Increase in public awareness on government accounting
3. Increase in top management support and commitment (indicated
by accrual declaration by head of agencies and head of regional
governments, and establishment of accounting clinics at central
and regional government entities)
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1. Lack of capable human resources with accounting
background
2. Inadequate government internal control system
3. Availability of relevant and reliable government
data
4. Compliance level to laws and regulations
5. Integrated accrual based information in government
financial management system
Thank You Government Accounting Standards Committee
Gedung Prijadi Praptosuhardjo II, Lt. 2, Direktorat Jenderal Perbendaharaan
Jl. Budi Utomo No. 6, Jakarta (021) 352-4551, (021) 344-9230 Ext 5311
Faksimile : (021)-352-4551 Website : www.ksap.org
E-mail: sekretariatksap@gmail.com
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