Newsletter

SW NIHAO Newsletter E.13 – May 2023

BORROWING COST IMPORTANCE OF BORROWING COST FROM VALUATION, TAXATION, ACCOUNTING, AND AUDIT PERSPECTIVE. 01. Valuation of Borrowing Costs The valuation of borrowing costs considers the risk and the maximum rate of return. 02. Borrowing Costs in Taxation There are borrowing costs in taxation that can be classied as deductible expenses and non-deductible expenses. 03. Borrowing … Read more

SW NIHAO Newsletter E.12 – April 2023

GOODWILL SW INDONESIA EXPLORES THE PHENOMENON OF IMPAIRMENT VALUE ON GOODWILL IN THE AUDITED FINANCIAL STATEMENTS 01. Accounting For Goodwill Goodwill is an asset that represents future economic benefits arising from other assets acquired in a business combination. 02. Audit Of Goodwill The ineffectiveness of the impairment value of goodwill is usually the main concern … Read more

SW NIHAO Newsletter E.11 – March 2023

COMPLIANCE SOCIAL SECURITY . TAX RETURN . STOCK EXCHANGE 01. COMPLIANCE OF HEALTH AND EMPLOYMENT SECURITY Every company in Indonesia is required to register all workers as member of the Social Security Administrative Body (BPJS), i.e. BPJS Employment and BPJS Health. For companies that do not register their employees to BPJS Employment and BPJS Health, … Read more

SW NIHAO Newsletter E.10 – February 2023

E-COMMERCE Business Environment of Online Trading Transactions 01. ACCOUNTING FOR E-COMMERCE E-commerce drives responses from accounting profession. 02. VAT ON E-COMMERCE Newest update in Value Added Tax regulation on e-commerce business. 03. IPO OF E-COMMERCE SECTOR IPO is a rational action for companies in e-commerce sector. 04. PROSPECT OF E-COMMERCE Prospect and contributions e-commerce to … Read more

SW NIHAO Newsletter E.9 – January 2023

INFRASTRUCTURE Investment in Infrastructure Projects and its Compliance 01. INFRASTRUCTURE PROJECT AND ITS ACCOUNTING TREATMENT Companies engage into infrastructure projects must comply with certain statutory requirement specifically on the applicable accounting standard. Infrastructure projects is covered under the new accounting standard “PSAK 72 Revenue from Contracts with Customers”. 02. AUDIT DEVELOPMENT OF THE FINANCIAL STATEMENT … Read more