Insights

Accounting for E-Commerce: Conquering Challenges, Mastering Best Practices, and Maximizing Revenue Recognition

E-Commerce has become a locomotive for changes in the global business environment, which has sparked responses from various supporting infrastructures, 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

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

Infrastructure Project Accounting: Growth, Investment, and Accounting Standards in Indonesia

The market for Infrastructure Project Accounting 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 … Read more

Enhancing Infrastructure Accountability: An In-Depth Exploration of Infrastructure Companies Audit

Infrastructure is defined as the basic facilities, whether physical or social, of a particular community or area needed for community or organizational activities. In this article, we delve into the crucial realm of infrastructure companies audit, encompassing the evaluation and assessment of various infrastructure projects. These projects encompass a wide range of essential elements, including … 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

Elevating Agricultural Accounting: Unveiling the Financial Potential of Agricultural Activities

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

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