• S1 - Sarjana Ekonomi Universitas Kristen Satya

Wacana - Konsentrasi Manajemen Keuangan

• S2 - Magister Manajemen Universitas Kristen Satya

Wacana - Konsentrasi Manajemen Keuangan (Lulusan

Terbaik - IPK Tertinggi)

• S3 – Doktor Ilmu Manajemen Universitas Katolik

Whidya Mandala - Konsentrasi Manajemen Keuangan

(Lulusan Terbaik - IPK Tertinggi)

• PT. Russley Future- 2006-2007: Analyst Capital Market- 2006-2007: Analyst Foreign Exchange

• Universitas Ciputra- 2007-2012: Koordinator Galeri Investasi Universitas

Ciputra- 2009-2013: Koordinator Penelitian Program Studi

Internasional Business Management Universitas Ciputra- 2007-Now: Fasilitator Entrepreneurial Project Universitas

Ciputra- 2007-Now: Pengajar Program Studi International Business

Management Universitas Ciputra- 2014-Now: Pengajar Program Pascasarjana Universitas

Ciputra- 2015-Now: Wakil Ketua Program Studi International

Business Management

• Setifikasi Profesional- 2008: Certified Financial Planner (CFP®)- 2011: Sertifikasi Pendidik Sebagai Dosen Profesional

pada Bidang Ilmu Manajemen- 2011: Asesor Penilaian Beban Akademik Dosen- 2016: Asesor Entrepreneurship LSP 1

• Bidang Keahlian- Manajemen Keuangan- Investasi dan Pasar Modal- Metodologi Penelitian- Human Resource Management- Pembelajaran Entreprenurship

Ethics in

financial

reporting

Accounting

standards

Assumptions

What is

Accounting?

The Building

Blocks of

Accounting

The Basic

Accounting

Equation

Using the Accounting

Equation

Financial

Statements

Three

activities

Who uses

accounting

data?

Assets

Liabilities

Equity

Transaction

analysis

Summary of

transactions

Income

statement

Retained

earnings

statement

Statement of

financial

position

Statement of

cash flows

Three Activities

Illustration 1-1 >> The activities of the accounting process

The accounting process includes the bookkeeping function.

Who Uses Accounting Data

Management

Human

Resources

Marketing

Finance

Taxing

AuthoritiesLabor

Unions

Regulatory

AgenciesInvestors

Creditors

Customers

Internal

Users

External

Users

Ethics in Financial Reporting

Standards of conduct by which one’s actions are judged as

right or wrong, honest or dishonest, fair or not fair, are Ethics.

Recent financial scandals include: Enron (USA), Parmalat

(ITA), Satyam Computer Services (IND), AIG (USA), and others.

Effective financial reporting depends on sound ethical behavior.

Accounting Standards

International Financial Reporting Standards (IFRS)

Financial Accounting Standards Board (FASB)http://www.fasb.org/

International Accounting Standards Board (IASB)

http://www.iasb.org/

Generally Accepted Accounting Principles (GAAP)

Assumptions

Proprietorship.

Partnership.

Corporation.

Forms of

Business Ownership

• include in the accounting records only transaction data that can be expressed in terms of money.

Monetary Unit Assumption

• requires that activities of the entity be kept separate and distinct from the activities of its owner and all other economic entities.

Economic Entity Assumption

Assets

Provides the underlying framework for recording and summarizing

economic events.

Liabilities Equity= +

• Resources a business owns.

• Provide future services or benefits.

• Cash, Inventory, Equipment, etc.Assets

Assets

Assets Liabilities Equity= +

Provides the underlying framework for recording and summarizing

economic events.

• Claims against assets (debts and obligations).

• Creditors - party to whom money is owed.

• Accounts payable, Notes payable, etc.Liabilities

Liabilities

Assets Liabilities Equity= +

Provides the underlying framework for recording and summarizing

economic events.

• Ownership claim on total assets.

• Referred to as residual equity.

• Share capital and retained earningsEquity

Equity

Transaction Analysis

Transaction (1). Investment by Shareholders. Ray and Barbara Neal decides

to open a computer programming service which he names Softbyte. On

September 1, 2011, they invest $15,000 cash in exchange for capital shares. The

effect of this transaction on the basic equation is:

Transaction (2). Purchase of Equipment for Cash. Softbyte purchases

computer equipment for $7,000 cash.

Transaction (3). Purchase of Supplies on Credit. Softbyte purchases

for $1,600 from Acme Supply Company computer paper and other

supplies expected to last several months.

Transaction (4). Services Provided for Cash. Softbyte receives $1,200

cash from customers for programming services it has provided.

Transaction (5). Purchase of Advertising on Credit. Softbyte receives

a bill for $250 from the Daily News for advertising but postpones payment

until a later date.

Transaction (6). Services Provided for Cash and Credit. Softbyte

provides $3,500 of programming services for customers. The company

receives cash of $1,500 from customers, and it bills the balance of $2,000

on account.

Transaction (7). Payment of Expenses. Softbyte pays the following

Expenses in cash for September: store rent $600, salaries of employees

$900, and utilities $200.

Transaction (8). Payment of Accounts Payable. Softbyte pays its

$250 Daily News bill in cash.

Transaction (9). Receipt of Cash on Account. Softbyte receives $600

in cash from customers who had been billed for services [in Transaction

(6)].

Transaction (10). Dividends. The corporation pays a dividend of

$1,300 in cash.

Summary of Transactions

Illustration 1-10 >> Tabular summary of Softbyte transactions

Companies prepare four financial statements from the

summarized accounting data:

Statement of

Financial

Position

Income

Statement

Statement of

Cash Flows

Retained

Earnings

Statement

Reports the revenues and expenses for a specific period of time.

Net income – revenues exceed expenses.

Net loss – expenses exceed revenues.

Illustration 1-11 >> Financial statements and their interrelationships

Income Statement

Retained Earnings Statement

Statement indicates the reasons why retained earnings has increased or

decreased during the period.

Illustration 1-11 >> Financial statements and their interrelationships

Balance Sheet

Illustration 1-11 >> Financial statements and their interrelationships

Statement of Cash Flows

Illustration 1-11 >> Financial statements and their interrelationships