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PLANTATION Investment, Reporting, Auditing and Taxation in Agriculture Industry 01. AGRICULTURAL ACCOUNTING PSAK 69 stipulates that biological assets or agricultural products are recognized when they meet several of the same criteria as the criteria for asset recognition. 02. AUDIT OF AGRICULTURE COMPANIES When conducting audit of agricultural companies, auditors are expected to exercise a high … Read more

DERIVATIVE The Perspective of the Financial Profession as a Response to Derivative Funding Instruments 01. ACCOUNTING FOR DERIVATIVES Derivatives are recorded at a fair value so a hedge accounting application is needed for the potential gain or loss that will occur. 02. AUDITING DERIVATIVE INSTRUMENTS Derivative instruments with characteristics such as underlying, initial net investment … Read more

INVISIBLE Management, Protection, Reporting, and Compliance Aspects of Invisible Assets 01. ACCOUNTING FOR INTANGIBLE ASSETS Intangible assets are beneficial in various aspects, both financial, taxation and accounting. Given the importance of these assets, it is necessary for accountants to pay attention in recognizing, measuring and recording intangible assets regulated by the government and contained in … Read more

MULTINATIONAL Multinational Companies Pass Through Investment Gateway Including Establishment, Compliance & Corporate Actions 01. FOREIGN INVESTMENT IN INDONESIA OSS is a platform managed by BKPM to simplify the business licensing process, including for foreign investors. Through this platform, companies register by fulfilling the requirements and obtaining various documents for the company’s establishment. 02. JOINT OPERATION … Read more

LOYALTY PROGRAM Loyalty Program Creates Various Business Model and Responses in Professional Treatment 01. ACCOUNTING TREATMENT RELATED TO CUSTOMER LOYALTY PROGRAMS A company offers various incentive programs to bind customer loyalty. The accounting treatment for customer loyalty programs is described in the Accounting Standards on Revenue. 02. TAX TREATMENT RELATED TO CUSTOMER LOYALTY PROGRAMS The … Read more

TRANSFORMATION HUB SW Indonesia Highlights Things That Respond to Transformation in the Business Environment 01. IPO AS A FUNDING TREND FOR DIGITAL BUSINESS COMPANIES IPO is a way of corporate funding in which a private company makes an initial public offering. IPOs are considered a funding solution because IPOs allow companies to obtain large amounts … Read more

LAST CALL REMINDER SW Indonesia Reminds Important Dates of Reports and Program Submission in Indonesia 01. LAST CALL: KPPK Report – Offshore Borrowings KPPK report is a report containing information which is the result of an assessment by an independent public accountant and has been examined based on the Attestation Procedure.The KPPK report based on … Read more

ALL ABOUT NEW All This Month Articles Present What Is New In Indonesia Tax Regulation And SW Indonesia 01. New Rate 2022 of Final Corporate Income Tax (CIT) on Construction Company Government Regulation (PP) Number 9 of 2022 is a new regulation issued by the government to improve a more conducive construction business climate. 02. … Read more