Home » Insights » Accounting

Accounting for E-Commerce

E-Commerce has become a locomotive for changes in the global business environment, which has sparked responses from various supporting infrastructure, including the accounting profession. The e-commerce business has several challenges and accounting considerations that many business people and their accountants are not aware of when they are still in their initial stage. Bookkeeping and accounting … Read more

Infrastructure Project and Its Accounting Treatment

Market Overview The market is segmented by the infrastructure segment (Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, Manufacturing Infrastructure). The infrastructure sector in Indonesia is estimated to grow at a CAGR of approximately 3% during the forecast period. Indonesia’s government increased its infrastructure investment needs by USD 429.7 billion in 2020-2024, up 20% from USD 359.2 … Read more

Agricultural Accounting

Agricultural activity is the management of biological transformation and harvesting assets by entities for sale or to be converted into agricultural products or into additional biological assets. PSAK 69: Agriculture provides accounting arrangements which include the recognition, measurement and disclosure of agricultural activities. The biological transformation referred to in PSAK 69 is a process of … Read more

Accounting For Derivatives

Derivatives has been in existence for thousands of years, dating as early as the ancient trading in Mesopotamia to the Middle Ages in Europe where merchants negotiate for land and sea ventures. In the current digital era, derivatives have evolved into complex instruments, indexing not only through commodities, but also involve financial instruments and cryptocurrencies. … Read more

Accounting for Intangible Assets

In modern business era, intangible assets such as knowledge, skills, relationships, processes, brands, or culture are vital strategic resources. Governments have started highlighting the importance of intangibles as drivers for economic growth and encouraging firms to pay high attention to their intangible assets. Investment in intangible aspect of business is essential for the companies to … Read more

Accounting Treatment Related to Customer Loyalty Programs

Customer loyalty programs are used by the Company to provide incentives to customers who purchase their goods or services. If a customer purchases goods or services, then the Company will reward points to the customer (often described as “points”). The customers may be required to accumulate certain amounts of points before they can redeem the … Read more

New Approved Learning Partner (ALP) ACCA in Indonesia

SW Indonesia officially opened a Bali branch office in March 2022, where the Bali branch office became the head office of SEL South-East Asia which will start its role as a professional certification educational institution and will also be equipped with offline learning courses in Tangerang. SEL South-East Asia has been awarded ACCA Silver Learning … Read more

New Recognised Employer Partner (REP) CPA Australia in Indonesia

The international community is committed to realizing Environment, Social and Governance (ESG) initiatives. The latest developments around ESG in Asia Pacific are interesting to discuss, given the current social, political, economic, social and cultural forces in Asia. CPA Australia and SW Indonesia are holding a Hybrid-Webinar focusing on ESG updates in Asia Pacific on 21 … Read more

What are the Important Points in the Application of PSAK 71?

Statement of Financial Accounting Standards (PSAK) 71 is a guide on the recognition and measurement of financial instruments. This PSAK refers to International Financial Reporting Standard (IFRS) 9 and replaces most of the provisions in PSAK 55 that were previously applicable. The Company classifies and measures financial assets at amortized cost, fair value through other … Read more