UNIVERSITAS INDONESIA

FACULTY OF ECONOMICS AND BUSINESS

DEPARTEMENT OF ACCOUNTING
UNDERGRADUATE PROGRAM

SYLLABUS
AKUNTANSI KEUANGAN LANJUTAN 1
(ADVANCED FINANCIAL ACCOUNTING 1)
ECAU601311
SEMESTER I 2015/2016

No Lecturers E-mail
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Subject Code ECAU601311

Subject Title Advanced Financial Accounting 1

Credit Value 2
Pre-requisite/ Financial Accounting 2
Co-requisite/
Exclusion
Role and This course is part of the financial accounting class which
Purposes consists of the Advanced Financial Accounting 1 and Advanced
Financial Accounting 2. The course aims on giving understanding
to students the process and accounting procedures of preparing
consolidated financial statement under PSAK/IFRS. Specifically,
students will learn the concept of control, recording the business
combination transaction, preparing the worksheet for
consolidation of financial statement, intercompany transaction
between consolidated entities, changes in ownership in
subsidiary, consolidation when subsidiarys financial statements
are reported in foreign currency and other issues related to
consolidated financial statement. Students will also learn how to
record transacation in foreign currency based on PSAK/IFRS.
Subject Upon completion of the subject, student will be able to:
Learning Technical Competence in Financial Accounting:
Outcomes 1. Apply International Financial Reporting Standards (IFRSs) or
other relevant standards to transactions and other events. (T2)
a. Understand the concept, process, and recording the business
combination transaction under PSAK / IFRS.
b. Understand the concept of functional currency and record the
transaction in foreign currency based on PSAK/IFRS.
2. Prepare financial statements, including consolidated financial
statements, in accordance with IFRSs or other relevant
standards. (T4)
c. Prepare the consolidated financial statement with 100%
ownership and less than 100% ownership.
d. Prepare the consolidated financial statement at book value
and more than book value.
e. Understand and apply the effect of intercompany transaction
to consolidated financial statement.
f. Understand and apply the effect of changes in ownership to
consolidated financial statement.
g. Understand and apply other issues related to consolidated
financial statement, such as acquisition at interim period,
consolidated statement of cash flow, consolidated earning
per share, taxes and other issues.
h. Prepare the consolidated financial statement when
subsidiarys financial statements are reported in foreign
currency.
Subject
Synopsis/ Week Topic L Required
Indicative # O Reading
Syllabus 1 Intercoporate Acquisition and a Baker Ch. 1
Investments in Other Entities and Tan & Lee Ch. 2
Concept of Control PSAK 22 (Rev
An Introduction to Complex Business 2010),
Structures PSAK 65 (2013),
Business Expansion dan Forms of PSAK 67 (2013).
Organizational Structure
The Development of Acounting for
Business Combination
Concept of Control under IFRS
Accounting for Internal Expansion:
Creating Business Entities
Accounting for External Expansion:
Business Combination
Acquisition Accounting
Ethical Considerations in Accounting for
Business Combination (SPE)
2 Reporting Intercorporate Investments a Baker Ch. 2
and Consolidation of Wholly Owned c Tan & Lee Ch. 2,
Accounting for Investment in Common 5
Stock PSAK 15 (Rev
The Cost Method 2011)
The Equity Method PSAK 22 (Rev
Comparison of the Cost and Equity 2010),
Methods PSAK 65 (2013),
Fair Value Option PSAK 67 (2013).
Overview of the Consolidation Process
Consolidation Procedures for Wholly
Owned Subsidiaries That are Created of
Purchaced at Book Value
Consolidation Worksheets
Consolidated Balance Sheet with Wholly
Owned Subsidiary
Consolidation Subsequent to Acquisition
Consolidated Financial Statements 100%
Ownership, Created or Acquired at Book
Value
Appendix 2A: Additional Considerations
Relating to the Equity Method
Appendix 2B: Consolidation and the Cost
Method
3 Consolidation of Less-than-Wholly- c Baker Ch. 3,
Owned Subsidiaries with No Differential Tan & Lee Ch. 3
The Usefulness of Consolidated Financial PSAK 22 (Rev
Statements 2010)
Limitations of Consolidated Financial PSAK 65 (2013),
Statements PSAK 67 (2013).
Subsidiary of Financial Statements
Consolidated Financial Statements:
Concepts and Standards
Noncontrolling Interest
The Effect of a Noncontrolling Interest
Consolidated Balance Sheet with a Less-
than-Wholly-Owned Subsidiary
Consolidation Subsequent to Acquisition
80% Ownership Acquired at Book Value
Combines Financial Statements
Appendix 3B: Additional Considerations
(Theories of Consolidation)
4 Consolidation of Wholly Owned d Baker Ch. 4
Subsidiaries Acquired at More than Tan & Lee Ch. 3
Book Value PSAK 22 (Rev
Dealing with Differential 2010),
Additional Considerations PSAK 65 (2013),
Consolidation Procedures for Wholly PSAK 67 (2013),
Owned Subsidiaries Acquired at More than PSAK 19 (Rev
Book Value 2009),
Consolidation Subsequent to Acquisition PSAK 48 (Rev
100% Ownership Acquired at More than 2014)
Book Value
Intercompany Receivables and Payables
5 Consolidation of Less-than-Wholly- d Baker Ch. 5
Owned Subsidiaries Acquired at More Tan & Lee Ch. 3
than Book Value PSAK 22 (Rev
A Noncontrolling Interest in Conjunction a 2010),
Differential PSAK 65 (2013),
Consolidated Balance Sheet with a PSAK 67 (2013),
Majority-Owned Subsidiary PSAK 19 (Rev
Consolidated Financial Statements with a 2009),
Majority-Owned Subsidiary PSAK 48 (Rev
Discountinuance of Consolidation 2014)
Treatment of other Comprehensive Income
Appendix 5A: Additional Considerations
Details
6 Intercompany Inventory Transactions e Baker Ch.6
Overview of the Consolidation Entity and Tan & Lee Ch. 4
Intercompany Transactions PSAK 22 (Rev
Inventory Transactions 2010),
Downstream Sale of Inventory PSAK 65 (2013),
Upstream Sale of Inventory PSAK 67 (2013)
Additional Considerations
7 Intercompany Transfer of Noncurrent e Baker Ch.7
Assets and Services Tan & Lee Ch. 4
Intercompany Long-Term Assets Transfers PSAK 22 (Rev
Intercompany Transfers of Services 2010),
Intercompany Land Transfers PSAK 65 (2013),
Intercompany Transfers of Depreciable PSAK 67 (2013).
Assets
Intercompany Transfers of Amortizable
Assets
8 Intercompany Indebtness e Baker Ch.8
Consolidation Overview Tan & Lee Ch. 4
Bond Sale Directly to an Affiliate Beams Ch.7
Bond of Affiliate Purchased from a PSAK 22 (Rev
Nonaffiliate 2010),
PSAK 65 (2013),
PSAK 67 (2013).
9 Consolidation Ownership Issues f Baker Ch. 9
Changes in Parent Company Ownership g Tan & Lee Ch. 6
Business Combinations under Common PSAK 22 (Rev
Control 2010),
Consolidated Following an Interim PSAK 65 (2013),
Acquisition PSAK 67 (2013),
Subsidiary Preferred Stock (overview) PSAK 38 (Rev
Complex Ownership Structures (overview) 2012)
Subsidiary Stock Dividends (overview) UU PT (2007)
Consolidated Statement of Cash Flows Baker Ch. 10
(overview) PSAK 2 (Rev
Consolidated Earnings per Share 2009),
(overview) PSAK 56 (Rev
2011).
 10 Multinational Accounting: Foreign b Baker Ch.11 &
Currency Transactions h 12
The Accounting Issues Tan & Lee Ch. 7
Foreign Currency Exchange Rates &9
Foreign Currency Transaction Baker Ch 11
PSAK 10 (Rev
Multinational Accounting: Translation of 2014),
Functional Currency Statements PSAK 50 (Rev
Accounting for Differences in Currencies 2014),
and Exchange Rate PSAK 55 (Rev
Determination Functional Currency 2014),
Translation versus Remeasurement of PSAK 60 (Rev
Foreign Financial Statement 2014).
Translation of Functional Currency
Statements into the Reporting Currency
Remeasurement of the Books of Record
into the Functional Currency
Teaching/Lear Teaching method uses active lecturing and class discussions, in
ning which students achieve the study objectives by discussing and
Methodology completing related problems or cases under the guidance of
lecturer. The problems and cases are taken from the text book.
At some sessions use collaborative learning with simple jigsaw
approaches. Students are also required to attend the tutorial
sessions to improve their technical skill related to each topic in all
sessions. The students will be required by tutor to complete the
problems, quizes, and home works.

Assessment Specific % Intended Learning Outcomes to

Method in Assessment Weight be Assessed
Alignment Methods/Tasks ing
with Intended a b c d e f g h
Learning Continuous 100%
Assessment
Outcomes
GROUP 5%
Collaborative
Learning (5%)
INDIVIDUAL 95%
Mid Term Exam 30 35 35
(35%) % % %
Final Exam (35%) 10 30 20 20 10 10
% % % % % %
Collaborative
Learning (5%)
Participation (5%)
Quizzess (5%)
Tutorial/Home work
(10%)
Details of The specific learning methods used in this subject are:
learning 1. Lecturing
methods 2. Collaborative Learning
At session 5 and 9 uses collaborative learning with simple
jigsaw approaches, in which students are divided into groups
and discuss the specific cases in Home Group Discussion
(HGD) and Focus Group Discussion (FGD). The cases are
divided into several topics for FGD and then all of FGDs
topics will be discussed in HDG. In each discussion (FGD and
HGD) students will assess their peer in a peer review form.
Finally, each group will present the results of discussions with
the lecturer as facilitator. Results of the discussion and
presentations are expected to improve students
understanding about the concept and the implementation
based on cases. This presentation sessions are also expected
to benefit the students to learn from other focus group
discussion.

Student Study
Effort Class Contacts:
Expected Lectures 20
Hours
Tutor 20
Hours
Collaborative Learning 4 Hours
Presentation 2 Hours
Other student study effort:
Preparation for project/assignment/tests 20
Hours

Reading List Required Readings:

and 1. Baker, R.E., et.al., Advanced Financial Accounting , 10th ed.,
References McGraw Hill, 2014 (BAKER)
2. Baker, R.E., et.al., Advanced Financial Accounting, An
Indonesian Perspective , 2th ed., Penerbit Salemba Empat, 2011
(BAKER Ind)
3. Tan, Pearl dan Peter Lee. Advanced Financial Accounting: An
IAS and IFRS Approach, McGraw Hill, 2009. (TAN & LEE)
4. Ikatan Akuntan Indonesia, Standar Akuntansi Keuangan, 2015
(PSAK).

Supplementary Readings:
1. Undang-undang No. 40/2007 tentang Perseroan Terbatas (UUPT
2007).