ifrs-psak-comparison-2013.pdf

8/11/2019 ifrs-psak-comparison-2013.pdf

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IFRS and Indonesian GAAP (PSAK):similarities and differences

www.pwc.com/id

August 2013


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This publication provides a summary of the keydifferences between the Indonesian Financial

Accounting Standards (IFAS or PSAK) and theInternational Financial Reporting Standards (IFRS)that are required for annual reporting periodsbeginning on 1 January 2013.

This publication does not include the specic

requirements applicable for listed companies asprescribed by the Capital Market and FinancialInstitutions Supervisory Board (Bapepam-LK)1.Please refer to the other specic publication on thismatter.

This summary is not a substitute for readingthe accounting standards and interpretationsthemselves. While every effort has been made

to ensure accuracy, this publication is notcomprehensive and information may have beenomitted which may be relevant to a particular user.

No responsibility for loss to any person actingor refraining from acting as a result of anymaterial in this publication can be accepted byKAP Tanudiredja,Wibisana & Rekan (PwC).Recipients should not act on the basis of this

publication without seeking professional advice.No part of this publication may be reproducedby any method without the prior consent of KAPTanudiredja,Wibisana & Rekan

1 Since 31 December 2012, the roles, responsibility andauthority on the supervision of nancial services activities

at the capital markets sector, insurance, pension funds,multinance, other nancial services institutions weretransferred from the Minister of Finance and Capital Marketand Financial Institution Supervisory Board (Bapepam LK) tothe Indonesian Financial Services Authority (OJK).


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IFRS and PSAK differences 2013 1

After several major convergence processes during the past threeyears, there is now a substantial alignment between PSAK with theInternational Financial Reporting Standards (IFRS), issued by the

IASB as at 1 January 2009.

As the convergence process from PSAK to IFRS was performedon a gradual basis, Indonesia has not yet fully adopted IFRS.The Accounting Standards Board of the Indonesian Institute of

Accountants is now working to align a few remaining update inIFRS that have not been adopted to PSAK. As a result, there are stilla number of differences between IFRS and PSAK that are requiredfor annual reporting periods beginning on 1 January 2013.

This publication is aimed to highlight these key differences andenable users to better understand in the preparation of the nancialstatements under IFRS and PSAK. You may also refer to the otherPwC publication A practical guide to new IFRSs for 2013 to getfurther understanding over the new IFRSs. We encourage you toconsult your regular PwC contact should you have any questions orcomments regarding this publication or the implementation of thenew accounting standards.

Eddy RintisAssurance LeaderKAP Tanudiredja,Wibisana & Rekan (PwC)

August 2013

Foreword


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2 IFRS and PSAK differences 2013

Comparing IFRS/International Accounting Standards (IAS)with PSAK

Below are the key comparisons between the PSAK and the IFRS2/IAS required for annual

reporting periods beginning on 1 January 2013.

IFRS PSAK Differences

IFRS 1 First-timeAdoption ofInternationalFinancial

ReportingStandards

- No equivalentstandard

IFRS 1 will not be adoptedas it has been considered orincluded in the transitionalprovision in the individual

standards/interpretations.

IFRS 2 Share-basedPayment

PSAK 53 Share-basedPayment

PSAK 53 is consistent with IFRS2 in all signicant respects.

IFRS 3 BusinessCombinations

PSAK 22 BusinessCombinations

Two standards in key principalsare the same, however thereare several minor amendmentsmade to IFRS 3 which have notbeen absorbed by PSAK 22.

There is a difference inmeasuring non-controllinginterests where IFRS 3 providesclearer requirements (onpresent ownership interestsand entitle their holders toa proportionate share of theentitys net assets in the eventof liquidation) which reduces

diversity in the application.

2IFRS in this publication refers to IFRS including IAS, IFRIC and SIC as issued by IASB asof 1 January 2009 unless otherwise stated.


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IFRS 3 also providesapplication guidance onall share-based paymenttransactions that are partof business combinations,

including unreplaced andvoluntarily replaced share-based payment awards.

IFRS 4 InsuranceContracts

PSAK 62

PSAK 28

PSAK 36

InsuranceContracts

Accounting forLoss Insurance

Accounting forLife Insurance

PSAK 62 is adopted from IFRS4 except for the requirementin IFRS 4 to measure theinsurance liabilities on anundiscounted basis becausethis contradicts PSAK 28 and

PSAK 36.

PSAK 28 and 36 act ascomplementary to therequirement in PSAK 62.

There are no standards inIFRS/IAS which are equivalentto PSAK 28 and 36.

IFRS 5 Non-currentAssets Heldfor Sale andDiscontinuedOperations

PSAK 58 Non-currentAssets Heldfor Sale andDiscontinuedOperations


IFRS 6 Exploration forand Evaluationof MineralResources

PSAK 64

PSAK 33

Explorationand Evaluationof MineralResourcesMining

StrippingActivities andEnvironmentalManagement inGeneral Mining


PSAK 33 provides specicguidelines on general miningin relation to strippingactivities and environmentalmanagement activities. Thereare no standards in IFRS/IAS

which are equivalent to PSAK33 and thus this additional

provision may lead to differentaccounting treatment.


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IFRS 7 FinancialInstruments:Disclosures

PSAK 60 FinancialInstruments:Disclosures

There are several amendmentsbeing made to IFRS 7 whichhave not been absorbed byPSAK 60. The main differencesare as follows:

IFRS 7 requires greaterdisclosure on transferrednancial assets inboth categories of (a)transferred assets thatare not derecognisedin their entirety and(b) transferred assetsthat are derecognised

in their entirety. Thesecond category has moreextensive disclosuresrequirements.

Subsequent to 2009,there are amendments in2011 to IFRS 7 and IAS32 effective for nancialstatements beginning on

or after 1 January 2013and 2014, respectively,

which clarify the rightof set-off, the grosssettlement mechanism,and further disclosurerequirements (i.e.quantitative informationabout recognised nancialinstruments that areoffset in the statementof nancial position, as

well as those recognisednancial instrumentsthat are subject tomaster netting or similararrangements irrespectiveof whether they are offset).Refer to other PwC rm

publication A practicalguide to new IFRSs for2013 for further details.


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IFRS 8 OperatingSegments

PSAK 5 OperatingSegments


IFRS 9(revised2010 )

FinancialInstruments

PSAK 55adopted fromIAS 39, refer tosection belowon IAS 39 andPSAK 55 forfurther details.

IFRS 9 (revised 2010) has notbeen adopted in Indonesia. ForIFRS reporters, it is effectivefrom 1 January 2015 and it canbe adopted with immediateeffect. IFRS 9 replaces IAS 39.

This standard includesguidance on the classicationand measurement of nancialassets and nancial liabilitiesand the derecognition ofnancial instruments.

Refer to other PwC rmpublication A practical guideto new IFRSs for 2013 forfurther details.

IFRS 10(2011)

ConsolidatedFinancialStatements

PSAK 4 adoptedfrom IAS 27,refer to sectionbelow on IAS 27

and PSAK 4 forfurther details.

IFRS 10 (2011) has not beenadopted in Indonesia. For IFRSreporters, it is effective from 1January 2013 and it changes

the denition of control.


IFRS 11(2011)

JointArrangements

PSAK 12adopted fromIAS 31, refer tosection belowon IAS 28 andPSAK 15 forfurther details.

IFRS 11 (2011) has not beenadopted in Indonesia. For IFRSreporters, it is effective from1 January 2013 and it reducesthe types of joint arrangementsto joint operations and joint

ventures, and prohibits the useof proportional consolidation.

Refer to other PwC rmpublication A practical guideto new IFRSs for 2013


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IFRS 12(2011)

Disclosure ofInterests inOther Entities

PSAK 4, 12 dan15 adoptedfrom IAS 27, 28and 31, refer to

sections belowon IAS 27 andPSAK 4; IAS28 and PSAK15; IAS 31 andPSAK 12.

IFRS 12 (2011) has not beenadopted in Indonesia. ForIFRS reporters, it is effectivefrom 1 January 2013 and it

brings together in one standardthe disclosure requirementsthat apply to investments insubsidiaries, associates, joint

ventures, structured entities,and unconsolidated structuredentities.

Refer to other PwC rmpublication A practical guide

to new IFRSs for 2013 forfurther details.

IFRS 13(2011)

Fair ValueMeasurement

No equivalentstandard underPSAK.

IFRS 13 (2011) has not beenadopted in Indonesia. For IFRSreporters, it is effective from1 January 2013 and it coversfair value measurements anddisclosures.


IAS 1 Presentationof FinancialStatements

PSAK 1 Presentationof FinancialStatements

PSAK 1 is consistent with IAS1 in all signicant respects,except for the following:

PSAK 1 denes IndonesianFinancial Accounting

Standards (IFAS)as consisting of theStatements of Financial

Accounting Standards,their interpretations andnancial reporting rulesissued by capital marketauthorities. IAS 1 does notinclude the latter.


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Unlike IAS 1, PSAK 1disallows an entity to usetitles for the nancialstatements other than

those used in PSAK 1.PSAK 1 however allows theentity to use balance sheetsinstead of the statement ofnancial position.

Under PSAK 1, wherecompliance with the PSAK

would be so misleadingthat it would conict

with the objectives of thenancial statements, anentity is not allowed todepart from the relevantstandards; however itmay disclose the factthat: (a) the applicationof those standards wouldbe misleading and (b)alternative reporting

basis should be applied toachieve fair presentationof nancial statements.IAS 1, under similarcircumstances, allowsfor departure from theprevailing standards.


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Subsequent to 2009,there is an amendmentto IAS 1 (revised 2011)Presentation of nancial

statements which appliesfrom 1 July 2012. Suchamendment changes thepresentation requirementof Other ComprehensiveIncome (OCI) item. Entitiesare required to presentOCI into two separategroups i.e. items that willbe recycled to prot and

loss in the future and itemsthat will not be recycled.Entities that choose topresent OCI items beforetax will be required toshow the amount of taxrelated to the two groupsseparately. Refer to otherPwC rm publication Apractical guide to newIFRSs for 2013 for furtherdetails.

IAS 2 Inventories PSAK 14 Inventories PSAK 14 is consistent with IAS2 in all signicant respects.

IAS 7 Statement ofCash Flows

PSAK 2 Statement ofCash Flows

PSAK 2 is consistent with IAS 7in all signicant respects.

IAS 8 AccountingPolicies,

Changes inAccountingEstimates andErrors

PSAK 25 AccountingPolicies,

Changes inAccountingEstimates andErrors

PSAK 25 is consistent with IAS8 in all signicant respects.

IAS 10 Events afterthe ReportingPeriod

PSAK 8 Events afterthe ReportingPeriod

PSAK 8 is consistent with IAS10 in all signicant respects,except that IAS 10 requiresdisclosure in cases whereowners or other parties havethe power to amend nancialstatements after issue.PSAK does not require suchdisclosure.


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IAS 11 ConstructionContracts

PSAK 34 ConstructionContracts


IAS 12 Income Taxes PSAK 46 Income Taxes IAS 12 contains an exception tothe measurement of deferred

tax assets or liabilities arisingon investment propertymeasured at fair value whichassumed that an investmentproperty is recovered entirelythrough sale.

PSAK 46 regulates severalitems that are not covered byIAS 12, i.e. (a) nal income tax

(no deferred tax applicable,recognition and presentationof the related nal income taxexpense and balance) and (b)specic rules with regard to taxassessment letters (mainly onthe recognition of additionaltax expenses/income arisingfrom the tax examination

letters).IAS 16 Property, Plant

and EquipmentPSAK 16

ISAK 25

Fixed Assets

Land Rights

PSAK 16 is consistent with IAS16 in all signicant respects.PSAK 16 provides referenceto ISAK 25 in relation to landrights.

ISAK 25 still maintains thatland that is held under HGB,HGU and Hak Pakai rights is

not amortised unless there isan indication that the renewalor extension of the rights isnot probable or cannot beobtained. Costs to obtain thoserights for the rst time arecapitalized as xed assets butsubsequent costs to extend orrenew the rights are recognisedas intangible assets and then

amortised based on paragraph11 of ISAK 25.


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IAS 17 Leases PSAK 30 Leases PSAK 30 is consistent with IAS17 in all signicant respects.

IAS 18 Revenue PSAK 23 Revenue PSAK 23 is consistent with IAS18 in all signicant respects.

IAS 19 EmployeeBenets

PSAK 24 EmployeeBenets

Subsequent to 2009, there isa revision to IAS 19 (revised2011) Employee Benetsapplicable from 1 January2013 which had a signicantimpact on most entities dueto change in the recognitionand measurement of denedbenet pensions expenses

and termination benets,and the disclosures required.In particular, actuarial gainsand losses can no longer bedeferred using the corridorapproach.

Refer to other PwC rmpublication A practical guideto new IFRSs for 2013 for

further details.IAS 20 Accounting for

GovernmentGrants andDisclosure ofGovernment

Assistance

PSAK 61 Accounting forGovernmentGrants andDisclosure ofGovernment

Assistance


IAS 21 The Effectsof Changes

in ForeignExchange Rates

PSAK 10 The Effectsof Changes

in ForeignExchange Rates


IAS 23 BorrowingCosts

PSAK 26 BorrowingCosts


IAS 24 Related PartyDisclosures

PSAK 7 Related PartyDisclosures


IAS 26 Accountingand Reportingby RetirementBenet Plans

PSAK 18 Accountingand Reportingby RetirementBenet Plans



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IAS 27 Consolidatedand SeparateFinancialStatements

PSAK 4 Consolidatedand SeparateFinancialStatements

PSAK 4 is consistent with IAS27 in all signicant respects,except that:

1. Unlike IAS 27, PSAK 4does not allow a parententity to present itsown separate nancialstatements as standalonegeneral purpose nancialstatements. PSAK 4stipulates that the separatenancial statementshave to be presented

as supplementaryinformation to theconsolidated nancialstatements.

2. PSAK 4 does notprovide an exemptionfor the parent entityfrom consolidating thenancial statements of its

subsidiaries. All parententities are required topresent the consolidatednancial statements.Under IAS 27, such anexemption exists providedcertain criteria are met.

From 1 January 2013, IAS27 (revised 2011) Separate

nancial statements onlydeals with separate nancialstatements. Consolidatednancial statements arecovered by IFRS 10 asdescribed above.


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IAS 28 Investments inAssociates

PSAK 15 Investments inAssociates

PSAK 15 is consistent with IAS28 in all signicant respects,except that under IAS 28,an entity or an investor is

exempted from applying theequity method of accountingfor its associates if they meetcertain criteria. In this case,the investor prepares separatenancial statements as theironly nancial statementsand records investments inassociates, either at cost or inaccordance with IAS 39.

From 1 January 2013, IAS 28(revised 2011) Associates and

joint ventures covers equityaccounting for joint venturesand associates.

IAS 29 FinancialReporting inHyperination-

ary Economies

PSAK 63 FinancialReporting inHyperination-

ary Economies


IAS 31 Interests inJoint Ventures

PSAK 12 Interests inJoint Ventures

PSAK 12 is consistent with IAS31 in all signicant respects.But while both PSAK 12 andIAS 31 allow either the equitymethod or the proportionateconsolidation method, PSAK12 puts more emphasis on theequity method, whereas IAS 31recommends the proportionate

consolidation method.

IAS 32 FinancialInstruments:Presentation

PSAK 50 FinancialInstruments:Presentation


IAS 33 Earnings perShare

PSAK 56 Earnings perShare



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IAS 34 InterimFinancialReporting

PSAK 3 InterimFinancialReporting


However, under the prevailing

capital market regulations,listed companies are requiredonly to report cumulative

year-to-date information (andrelated comparatives) for theStatement of ComprehensiveIncome (SoCI) and are notrequired to present currentinterim period SoCI.

IAS 36 Impairment of

Assets

PSAK 48 Impairment of

Assets

PSAK 48 is consistent with IAS

36 in all signicant respects.

IAS 37 Provisions,ContingentLiabilities andContingent

Assets

PSAK 57 Provisions,ContingentLiabilities andContingent

Assets


IAS 38 IntangibleAssets

PSAK 19 IntangibleAssets


IAS 39 FinancialInstruments:RecognitionandMeasurement

PSAK 55 FinancialInstruments:RecognitionandMeasurement

There are several amendmentsbeing made in the IAS 39which has not been absorbedby PSAK 55.

PSAK 55 is consistent with IAS39 in all signicant respectsexcept for IAS 39 includesseveral amendments withregard to:

the prohibition of thereclassication of a hybrid(combined) contract outof the fair value throughprot or loss category

when the entity is unableto separately measure anembedded derivative;

further clarication onthe scope exemption

to forward contract forbusiness combination.


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IAS 40 InvestmentProperty

PSAK 13 InvestmentProperty


IAS 41 Agriculture No equivalentstandard under

PSAK.

IAS 41 will be adopted afterit is revised by the IASB. The

IAS 41 model currently is notconsidered to be compatible

with the agricultural activitiesin Indonesia, most of whichare bearer biological assets.Unlike IAS 41 that requires theagriculture to be measured atfair value, the accounting foragriculture under PSAK is stillbased on historical costs.


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Comparing the Interpretation of IFRS (IFRIC and SIC)and Indonesian Interpretation of Financial AccountingStandards (ISAK)

Below are the key comparisons between the ISAK and the IFRIC Interpretation(IFRIC)3required for annual reporting periods beginning on 1 January 2013.

IFRIC / SIC ISAK Differences

IFRIC 1 Changes in ExistingDecommissioning,Restoration andSimilar Liabilities

ISAK 9 Changes in ExistingDecommissioning,Restoration andSimilar Liabilities

ISAK 9 is consistent withIFRIC 1 in all signicantrespects.

IFRIC 2 Members Sharesin Co-operativeEntities and SimilarInstruments

No equivalentinterpretationunder PSAK.

IFRIC 2 is not adoptedsince cooperatives inIndonesia do not issueshares to its members.

IFRIC 4 Determiningwhether anArrangementcontains a Lease

ISAK 8 Determiningwhether anArrangementContains a Lease

ISAK 8 is consistent withIFRIC 4 in all signicantrespects.

IFRIC 5 Rights to Interestsarising fromDecommissioning,Restoration andEnvironmentalRehabilitationFunds


IFRIC 5 is not adopted.

IFRIC 6 Liabilities arisingfrom Participatingin a Specic Market

- Waste Electricaland ElectronicEquipment


IFRIC 6 is not adopted.

3IFRIC in this publication refers to IFRIC including SIC as issued by IASB as of 1 January2009 unless otherwise stated.


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IFRIC 7 Applying theRestatement

Approach underIAS 29Financial

Reporting inHyperinfationaryEconomies

ISAK 19 Applying theRestatement

Approach underPSAK 63:Financial

Reporting inHyperinfationaryEconomies

ISAK 19 is consistentwith IFRIC 7 in allsignicant respects.

IFRIC 9 Reassessmentof EmbeddedDerivatives

ISAK 26 Reassessmentof EmbeddedDerivatives


IFRIC 10 Interim FinancialReporting andImpairment

ISAK 17 Interim FinancialReporting andImpairment


IFRIC 12 Service ConcessionArrangements

ISAK 16 Service ConcessionArrangements


IFRIC 13 Customer LoyaltyProgrammes

ISAK 10 Customer LoyaltyProgrammes


IFRIC 14 IAS 19 - The Limiton a DenedBenet Asset,

Minimum FundingRequirements andtheir Interaction

ISAK 15 PSAK 24 - TheLimit on a DenedBenet Asset,

Minimum FundingRequirements andtheir Interaction

There are severalamendments made inthe IFRIC 14 which has

not been absorbed byISAK 15.

There are differencesin determining theeconomic benetavailable as a reductionin future contributionsin the condition ofno minimum fundingrequirement or witha minimum fundingrequirement.

Under the IFRIC 14,any surplus arisingfrom voluntary pre-payment of minimumfunding contribution inrespect of future serviceshould be recognised

as an asset when thereis a minimum fundingrequirement.


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IFRIC 15 Agreements for theConstruction ofReal Estate

PSAK 44

ISAK 21

Accountingfor Real EstateDevelopment

Agreements for theConstruction ofReal Estate

There are differencesin the accounting forreal estate developmentbetween PSAK 44 and

IFRIC 15.

PSAK 44 regulatesspecic provisions

with regard to revenuerecognition of differenttypes of real estatedevelopment, costcomponents, allowanceallocation and

disclosures.

IFRIC 15 however is abroader interpretationof the accounting forrevenue and associatedexpenses by entitiesthat undertake theconstruction of realestate directly or

through subcontractors.IFRIC 15 addresses

whether the agreementfalls within the scopeof IAS 11 (ConstructionContracts) or IAS 18(Revenue) and whenthe revenue fromthe construction ofreal estate should berecognised.

ISAK 21 is consistentwith IFRIC 15 in allsignicant respects.However, the differenceremains as the effectivedate of ISAK 21 isdelayed awaiting thecompletion of ED IFRSon revenue.


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IFRIC 16 Hedges of a NetInvestment in aForeign Operation

ISAK 13 Hedges of a NetInvestment in aForeign Operation


IFRIC 17 Distributions of

Non-cash Assets toOwners

ISAK 11 Distributions of

Non-cash Assets toOwners

ISAK 11 is consistent

with IFRIC 17 in allsignicant respects.

IFRIC 18 Transfers of Assetsfrom Customers

No equivalentinterpretationunder PSAK4.

IFRIC 18 has not beenadopted in Indonesia.For IFRS reporters,IFRIC 18 has beenapplicable since 1 July2009.

IFRIC 18 addresses thediversity in practicethat has arisen whenentities account forassets transferred froma customer in return forconnection to a networkor ongoing access togoods or services, orboth.

IFRIC 19 ExtinguishingFinancial Liabilities

with EquityInstruments


IFRIC 19 has not beenadopted in Indonesia.For IFRS reporters, it hasbeen applicable since 1July 2010.

IFRIC 19 addresses theaccounting by an entitythat renegotiates theterms of a nancialliability and issuesshares to the creditor toextinguish all or part ofthe nancial liability.

4On July 2013, DSAK-IAI has issued new ISAKs which are ISAK 27 and ISAK 28 and willbe effectively applied for period beginning on or after 1 January 2014. Those standards areadopted from IFRIC 18 and IFRIC 19. Please refer to PwC rm publication A practical guideto new PSAKs for 2014 for further detail.


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IFRIC 20 Stripping costs inthe productionphase of a surfacemine


IFRIC 20 has not beenadopted in Indonesia.For IFRS reporters, it iseffective from 1 January

2013.

IFRIC 20 sets outthe accounting foroverburden wasteremoval (stripping)costs in the productionphase of a mine.

SIC-7 Introduction of theEuro

No equivalentinterpretation

under PSAK.

SIC 7 is not adopted.For IFRS reporters, it is

effective from 1 January1998.

SIC-10 GovernmentAssistance-NoSpecic Relation toOperating Activities

ISAK 18 GovernmentAssistance-NoSpecic Relation toOperating Activities

ISAK 18 is consistentwith SIC 10 in allsignicant respects.

SIC-12 Consolidation-Special PurposeEntities

ISAK 7 Consolidation-Special PurposeEntities

ISAK 7 is consistent withSIC 12 in all signicantrespects.

SIC-13 Jointly ControlledEntities-Non-MonetaryContributions by

Venturers

ISAK 12 Jointly ControlledEntities-Non-MonetaryContributions by

Venturers


SIC-15 Operating Leases-Incentives

ISAK 23 Operating Leases-Incentives


SIC-25 Income Taxes-Changes in the TaxStatus of an Entityor its Shareholders

ISAK 20 Income Taxes-Changes in the TaxStatus of an Entityor its Shareholders


5On July 2013, DSAK-IAI has issued new ISAK which is ISAK 29 and will be effectivelyapplied for period beginning on or after 1 January 2014. The standard is adopted fromIFRIC 20. Please refer to PwC rm publication A practical guide to new PSAKs for 2014for further detail.


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SIC-27 Evaluating theSubstance ofTransactionsInvolving the Legal

Form of a Lease

ISAK 24 Evaluating theSubstance ofTransactionsInvolving the Legal

Form of a Lease


SIC-29 Service ConcessionArrangements:Disclosures

ISAK 22 Service ConcessionArrangements:Disclosures


SIC-31 Revenue-BarterTransactionsInvolving

AdvertisingServices


SIC-31 is not adopted.

SIC-32 Intangible Assets-Web Site Costs

ISAK 14 Intangible Assets-Web Site Costs


There are other specic PSAKs that have no equivalent standards under IFRS i.e.:

PSAK 38: Akuntansi Restrukturisasi Entitas Sepengendali /Accounting forRestructuring Under Common Control Entities

The objective of this standard is to specify the accounting for restructuring undercommon control entities which has not been covered by PSAK 22 BusinessCombinations.

A restructuring transaction which occurred within under common control entities isconsidered to have no economic substance, despite any legal form transfer betweenthe entities.

PSAK 45: Pelaporan Keuangan Entitas Nirlaba /Financial Reporting for Non-Proft Organisations

The objective of this standard is to specify the nancial reporting for non-protorganisations.


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Djohan Pinnarwan+62 21 528 [email protected]

Marcel Irawan+62 21 528 [email protected]

For professional accounting advice,please contact:

Jumadi Anggana+62 21 528 [email protected]

Jasmin Maranan+62 21 528 [email protected]

Ketty Tedja+62 21 528 [email protected]

Helen Cuizon+62 21 528 [email protected]

Authors, contributors,and reviewers


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PwC IndonesiaPlaza 89

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This content is for general information purposes only, and should not be used as a substitute for

consultation with professional advisors.

2013 KAP Tanudiredja, Wibisana & Rekan. All rights reserved. PwC refers to the Indonesia member

rm and may sometimes refer to the PwC network Each member rm is a separate legal entity

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