236x Filetype PPTX File size 0.68 MB Source: feb.unila.ac.id
AGENDA AGENDA 1. Indonesian Government Accounting Standards (IGAS) development 2. Benefits of Accrual Basis versus Cash Basis Accounting 3. Accounting Mandatates 4. Accrual Financial Statements 5. Implication of IGAS implementation to audit opinions in Central and Regional Governments 6. Indonesian Government Accounting Standards Committee 7. Adoption, Convergence, or Adaptation of IPSAS 8. IPSASB study on Indonesian Adoption of Government Accounting Standards 9. Comparison of IPSAS and IGAS 10.Practical Challenges in Implementing IGAS/IPSAS 11.Key Success Factors in Implementing IGAS/IPSAS 12.Conclusions 3 INDONESIAN GOVERNMENT ACCOUNTING STANDARDS (IGAS) DEVELOPMENT IGAS development from time to time ............... PRE-REFORM A MID WAY : THE CASH ACCRUAL ACCOUNTING TOWARDS ACCRUAL ACCOUNTING TRADITION ( until 2003) BASIS (2004 – 2014) (From 2015) • No Government • Implementation of Cash • Implementation of Accounting Standards Towards Accrual Accrual Indonesian • Cash-based reporting Indonesian Government Government Accounting (Cameral system): cash Accounting Standards Standards (Accrual basis information on (CTA IGAS) IGAS) revenue and • CTA accounting: cash • Accrual accounting: expenditure, no accrual basis information on cash basis information information revenue and on revenue and expenditure, and accrual expenditure, and accrual information on assets, information on revenue, liabilities and equities expense, assets, • CTA IGAS applies to liabilities and equities central and regional • Accrual IGAS applies to governments central and regional governments 4 BENEFITS OF ACCRUAL BASIS VERSUS CASH BASIS ACCOUNTING 1. Provide a comprehensive picture of government financial performance and position (asets and liabilities) for the purpose of transparency and accountability, and stakeholders decision making 2. Provide information for government performance evaluation related to programs/activities efficiency (cost calculation) and effectiveness (achievement of government goals) 3. Provide information for assets and liabilities management, allocation of resource and government finance statistics 4. Align with international best practices to allow cross-countries comparison 5 ACCOUNTING MANDATES Law Number 17 Year 2003 on State Finance Law Number 1 Year 2004 on State Treasury Law Number 15 Year 2004 on Audit of State Finance Management and Accountability Law Number 23 Year 2014 on Regional Governments Goverment Regulation Number 71 Year 2010 on Government Accounting Standards Government Regulation Number 58 Year 2005 on Regional Financial Management 6
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