STEI/ST/KPS/04.

02/ ACC 3104

`

Sekolah Tinggi Ekonomi Islam Tazkia

Department : Islamic Accounting
Course Description

Course Name

Financial Accounting II

Course Code

ACC3104

Status

Department Required Course

Level

Year 3

Credit Hours

3 Credit Hours

Pre-requisite (if any)

Accounting Principles II

Grading Scheme

Assignments*
Mid-Term Exam
Final Exam

:
:
:

Lecturer(s)

Name

Room
Tel No
Mobile Phone
Email

:
:
:
:

Consultation Hours

Semester Offered
Objectives

40%
30%
30%
Siti Khomsatun, S.E.I, M.Ak/ Taufik
Hidayat, SE, Akt, M.Si
Lecturer Room
087872220507 (SK)
Siti.khomsatun@gmail.com;
khomsahtazkia@yahoo.com
By arrangement

Semester V
After completing this course, students should be able to:
Explain the elements of financial statements, especially in the
balance sheet for example liability and stockholders equity
- Explain accounting for corporation and investment
- Explain the concepts of revenue recognition and disclosure of
financial statements
- Explain accounting for leasing, reporting accounting changes and
error analysis
- Prepare financial statements according to GAAP (PABU).
-

Course Synopsis

This course is a continuance of Financial Accounting I. It is prepared

to enhance more perspective on the information provided by
financial reporting. In this course, the materials discussed are
focused in Liabilities and Equity section of the balance sheet. It also

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STEI/ST/KPS/04.02/ ACC 3104

explains accounting concepts of revenue recognition and disclosure
of financial statements. Accounting for leasing, reporting accounting
changes and error analysis are explained.
Teaching Methodology

Week

lecturing, assigment, presentation,and discussion

Course Outline

References/Notes

1-2

Accounting & Reporting of Long-term Liabilities:

1.
Issuing, Types & ratings of bonds
2.
Valuation of bond payable
3.
Costs of issuing bonds
4.
Treasury bonds
5.
Extinguishment of debt
6. Notes issued at face and non-face value
7. Reporting & analysis of long-term debt
8.
Islamic Related Issues: Sukuk and its Accounting
Treatment (an Overview)

1. KWW, Ch 14
2. EJ,Ch 13

3-4

Accounting & reporting of stockholder equity:

1.
The corporate form of organization
2.
Corporate capital
3.
Issuing Ordinary, Treasury and Preferred Share
4.
Dividend policy
5.
Presentation & analysis of stockholders equity
6.
Islamic Issues: Islamic Index for Corporate listed on BEI

1. KWW, Ch 15
2. EJ, Ch 17

Accounting for equity securities & EPS reporting:

1.
EPS in simple capital structure
2.
Accounting for convertible debt
3.
Convertible preferred stock
4.
Stock warrants
5.
Stock compensation plans
6.
EPS in complex capital structure

1. KWW, Ch 16
2. PSAK No. 56
3. EJ, Ch 17 & 18

6-7

8
9 - 10

Debt & equity investments;

1.
Accounting framework for financial assets
2.
Debt Investment
3.
Equity Investment
4.
Special Issues: Impairment of Value and Fair Value
Controversy
5.
Islamic Issues: Financial Instrument of Islamic banking
(an overview)

1. KWW, Ch 17

Mid-term Exam
Recognizing revenue:
1. Revenue recognition (at point of sale)
2. Revenue Recognition Long Term Contract:
a. Percentage-of-completion method
b. Cost recovery method
c. Long-term contract losses
d. Disclosure
3. Related Islamic Issues: Istisna (PSAK 104)

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1. KWW, Ch 18
2. PSAK No. 23
3. EJ, Ch 7

STEI/ST/KPS/04.02/ ACC 3104

11 12

13

14 15

1.
2.
3.
4.
5.

Leasing:
The leasing environment
Accounting by the lessee and Accounting by the lessor
Special accounting problems
related Islamic Issues: Ijarah dan Ijarah Muntahiya Bittamlik
(PSAK 107)

1. KWW, Ch 21
2. PSAK No 30,
3. EJ, Ch 14

Reporting accounting changes:

1. Accounting Changes
a. Changes in acc policy
b. Changes in acc estimate
c. Correction of error
d. Motivation of change of policy
2. Error Analysis

1. KWW, Ch 22
2. PSAK No 25
3. EJ, Ch 21

Cash flow reporting:

1.
Usefulness, classifications, formats and steps in
preparation of cash flow
2.
Sources of information for cash flow statements
3.
Operating activities: direct vs indirect methods

1. KWW, Ch 23
2. PSAK No. 2
3. EJ, Ch 4

16

Final Exam

Referensi:
1.

2.
3.

Kieso, Donald E. Jerry J. Weygandt. Terry D. Warfield. 2012. Intermediate Accounting. IFRS Edition,
book 1 & 2. John Wiley & Sons, Inc (KWW)
IAI, 2012. Standar Akuntansi Keuangan, Ikatan Akuntan Indonesia (PSAK)
Eipstein, Barry J. Eva K. Jermakovicz. 2010. IFRS; Interpretation and Application of International
Financial Reporting Standards. John Wiley & Sons, Inc (EJ

Composition of Assignment:
1. Paper (Team)**: 15
2. Quiz (Individual): 10
3. Exercise: 10
4. Class Participation: 5
Contents of Paper:
1. Cover
2. Abstract
3. Introduction (Including Background of issue, objectives, impact, methodology of paper)
(Bab 1)
4. Literature Review (from books, PSAK-IFRS, journals, allowed web, and others) (Bab II)
5. Discussion, Analyzing and Result (Bab III)
6. Conclusions and suggestion
7. Reference
8. Statement of Authorship (no plagiarism)
Writing technique: refer to Pedoman Penulisan Tugas Akhir, except structure of the contents

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