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    Exercise (Akutansi Pengantar - TUGAS 1)

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    V aditama
    Carla Ruden, head of accounting at Manternach SE, has been instructed by the company president Leon Manternach to report recently acquired land at its fair value of €170,000 rather than its actual cost of €100,000. Leon claims this will make the company look like a better investment when trying to attract new investors. However, reporting the higher fair value would mislead investors and other stakeholders by providing inaccurate financial information. As the head of accounting, Carla must choose whether to follow the instruction and misreport the value, or report the actual cost amount truthfully in accordance with her professional responsibilities and ethics.

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    Exercise (Akutansi Pengantar - TUGAS 1)

    Uploaded by

    V aditama
    18 views12 pages
    Carla Ruden, head of accounting at Manternach SE, has been instructed by the company president Leon Manternach to report recently acquired land at its fair value of €170,000 rather than its actual cost of €100,000. Leon claims this will make the company look like a better investment when trying to attract new investors. However, reporting the higher fair value would mislead investors and other stakeholders by providing inaccurate financial information. As the head of accounting, Carla must choose whether to follow the instruction and misreport the value, or report the actual cost amount truthfully in accordance with her professional responsibilities and ethics.

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    Carla Ruden, head of accounting at Manternach SE, has been instructed by the company president Leon Manternach to report recently acquired land at its fair value of €170,000 rather than its actual cost of €100,000. Leon claims this will make the company look like a better investment when trying to attract new investors. However, reporting the higher fair value would mislead investors and other stakeholders by providing inaccurate financial information. As the head of accounting, Carla must choose whether to follow the instruction and misreport the value, or report the actual cost amount truthfully in accordance with her professional responsibilities and ethics.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    18 views12 pages

    Exercise (Akutansi Pengantar - TUGAS 1)

    Uploaded by

    V aditama
    Carla Ruden, head of accounting at Manternach SE, has been instructed by the company president Leon Manternach to report recently acquired land at its fair value of €170,000 rather than its actual cost of €100,000. Leon claims this will make the company look like a better investment when trying to attract new investors. However, reporting the higher fair value would mislead investors and other stakeholders by providing inaccurate financial information. As the head of accounting, Carla must choose whether to follow the instruction and misreport the value, or report the actual cost amount truthfully in accordance with her professional responsibilities and ethics.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 12

    BRIEF

    Daniel Putra Aditam

    E 1-1

    E 1-2

    E 1-3
    E 1-3

    E 1-4

    E 1-5

    E 1-6
    E 1-6

    E 1-7
    BRIEF EXERC
    Daniel Putra Aditama_2321141
    Three Activities In system Accou
    Identification
    Selecting economic activities relevant to the company.

    THE SITUATION

    Leon Manternach, president of Manternach SE, has instructed Carla Ruden, the head of the
    accounting department for Manternach SE, to report the company’s recently acquired land
    in the company’s accounting reports at its fair value of €170,000 instead of its cost of
    €100,000. Manternach says, “I think we got a real deal on the purchase. It is probably
    worth €170,000. Showing the land at €170,000 will make our company look like a better
    investment when we try to attract new investors next month.”
    accounting department for Manternach SE, to report the company’s recently acquired land
    in the company’s accounting reports at its fair value of €170,000 instead of its cost of
    €100,000. Manternach says, “I think we got a real deal on the purchase. It is probably
    worth €170,000. Showing the land at €170,000 will make our company look like a better
    investment when we try to attract new investors next month.”

    THE SITUATION

    1. Julia Company A/S owns buildings that are worth substantially more than they originally
    cost. In an effort to provide more relevant information, Julia reports the buildings at fair
    value in its accounting reports

    2. Dekalb Company AG includes in its accounting records only transaction data that can be
    expressed in terms of money.

    3. Omar Shariff, president of Omar’s Oasis SJSC, records his personal living costs as
    expenses of the Oasis.

    The Basic Accounting Equatio


    Asset
    Cash
    Accounts receivable
    Equipment
    Supplies

    TRANSACTION FOR SPRING CRUISES ASA


    1. Sold ordinary shares for cash to start business.
    2. Paid monthly rent.
    3. Purchased equipment on account.
    4. Billed customers for services performed.
    5. Paid dividends.
    6. Received cash from customers billed in (4).
    7. Incurred advertising expense on account.
    8. Purchased additional equipment for cash.
    9. Received cash from customers when service was performed.

    SITUATION
    1. Purchased computer terminals for R$20,000 from Digital Equipment on account.
    2. Paid R$3,000 cash for May rent on storage space.
    3. Received R$14,000 cash from customers for contracts billed in April.
    4. Performed computer services for Schmidt Construction Company for R$2,400 cash.
    5. Paid Central States Power Co. R$11,000 cash for energy usage in May.
    6. Shareholders invested an additional R$32,000 in the business.
    7. Paid Digital Equipment for the terminals purchased in (1) above.
    8. Incurred advertising expense for May of R$1,100 on account.
    BRIEF EXERCISE
    a Aditama_232114181 - Akutansi D
    Three Activities In system Accounting
    Recording
    Summarizing economic events.
    Classifying economic events.
    Measuring events in monetary units.
    Keeping a systematic chronological diary of events.

    Users Of Financial Statements.


    Internal Users
    Store manager
    Marketing manager
    Production supervisor
    Vice president of finance

    Users Of Financial Statements.


    Internal Users
    Can we afford to give our employees a pay raise?
    Do we need to borrow in the near future?
    What does it cost us to manufacture each unit produced?
    Which product should we emphasize?

    INSTRUCTIONS

    Explain the ethical situation involved for


    Carla Ruden, identifying the stakeholders
    and the alternatives !
    Explain the ethical situation involved for
    Carla Ruden, identifying the stakeholders
    and the alternatives !

    CORRECT OR INCORRCT

    CORRECT / INCORRCT

    CORRECT / INCORRCT

    CORRECT / INCORRCT

    The Basic Accounting Equation


    Liability
    Accounts payable
    Notes payable
    Salaries and wages payable

    the effect of each transaction on


    assets, liabilities, and equity.
    Increase in assets and equity
    Decrease in assets and equity
    Increase in assets and liabilities
    Increase assets and equity
    Decrease in assets and equity
    Increase asset and decrease in aseets
    Increase liabilities and decrease in equity
    Increase in assets and decrease assets
    Increase in assets and equity

    CORRECT LETTERS

    (c) An increase in assets and an increase in liabilities.


    (d) A decrease in assets and a decrease in equity
    (a) An increase in assets and a decrease in assets.
    (b) An increase in assets and an increase in equity.
    (d) A decrease in assets and a decrease in equity.
    (b) An increase in assets and an increase in equity.
    (e) A decrease in assets and a decrease in liabilities.
    (f) An increase in liabilities and a decrease in equity.
    D

    Communication
    Preparing accounting reports.
    Reporting information in a standard format.
    Explaining uses, meaning, and limitations of data.
    Analyzing and interpreting information.

    s Of Financial Statements.
    External users
    Customers
    Suppliers
    Taxing agency
    Securities regulator
    Labor unions
    s Of Financial Statements.
    External users
    Will the company be able to pay its short-term debts?
    Did the company earn a satisfactory income?
    How does the company’s profitability compare to other
    companies?

    ANSWER

    Leon instructed his subordinate Carla Ruden to report the


    company's land accounting report at a fair value of
    €170,000, not a cost of €100,000 which is the real price of
    the land. The goal is to make the company appear to be a
    better investment than other companies. All users of
    Manternach's company accounting reports will be harmed
    by receiving and receiving misleading information about
    the financial reporting. Leon and Carla will certainly get a
    lot of profit if they attract a lot of investors, but they will
    lose if one day they find irregularities in the report that is
    not true of fair land prices in the company's financial
    reporting. as a solution, Carla should put forward her
    professionalism and professional ethics as the head of the
    accounting department to report the land for €100,000
    which corresponds to the original price of the land
    purchased by the company, not by reporting it for
    €170,000 for someone's personal purposes. Carla should
    have told Leon as a Manternach official that this was the
    the financial reporting. Leon and Carla will certainly get a
    lot of profit if they attract a lot of investors, but they will
    lose if one day they find irregularities in the report that is
    not true of fair land prices in the company's financial
    reporting. as a solution, Carla should put forward her
    professionalism and professional ethics as the head of the
    accounting department to report the land for €100,000
    which corresponds to the original price of the land
    purchased by the company, not by reporting it for
    €170,000 for someone's personal purposes. Carla should
    have told Leon as a Manternach official that this was the
    right action for the common good in accordance with
    professional ethics.

    THE IDENTIFICATION

    kata - kata merah


    adalah jawaban

    Equity
    Share capital—ordinary
    = =

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