Rizzah Rahmaniah Ipacc I 20160420023

Rizzah Rahmaniah
IPAcc I
20160420023
Assigment
Chapter 3
Question & Answer
1. What are the objectives of the financial statements of public sector organizations ?
Answer :
Purpose of Public Sector Organization Financial Report. The purpose of the Foundation's Financial
Statements based on SFAC 4 (Statement of Financial Accounting Concepts Number 4) is as follows:
1. Can provide information that is useful to providers and prospective providers of resources, users
and other potential users in making rational decisions regarding the allocation of organizational
resources.
2. Providing information to help providers and prospective resource users and other potential users
in assessing services provided by non-business organizations.
3. Can provide useful information for providers and prospective providers of resources, users and
other potential users in assessing the performance of managers of non-business organizations.
4. Provide information about economic resources, obligations and net assets of the organization, the
influence of transactions, events and economic events that change the resources and interests of
these resources.
5. Providing information about organizational performance for 1 period.
6. shows information about how organizations obtain and spend cash, debt and debt repayments and
other factors that affect organizational liquidity
7. provide explanations and interpretations to help users not understand the financial information
provided.
2. How is the government accounting system applies to a country ?

Answer :
The government accounting system is based on the constitution and the laws and regulations that
apply to a country. The government accounting system must be able to provide accountable and
auditable information, able to provide financial information needed for the preparation of plans /
programs and evaluation of physical and financial implementation. In this chapter, the government
accounting system in Indonesia can be divided into:
1. Accounting System of the Central Government and Regional Government,

2. The Accounting System of village.
The division above is based on the constitutional foundation that is the basis. implementing an
accounting system in each organization that makes the different characteristics and scope of
accounting. The accounting system in the central government and in the local government has a legal
basis in the form of the same law, namely the State Finance Act, while the accounting system in the
village is based on the Village Law.
3. What is meant by a report on changes in budget balance more ?
Answer :
Report on Changes in Budget Balance More. Presenting information on the increase or decrease of
Budget Balance Over the reporting year compared to the previous year. Balance sheet. Describe the
financial position of an entity reporting on assets, liabilities and equity funds on a certain date. The
elements covered by the balance sheet consist of assets, liabilities and equity funds. Each element is
defined as follows:
Assets are economic resources that are controlled and / or owned by the government as a result of
past events and from which future economic and / or social benefits are expected to be obtained,
both by the government and the community, and can be measured in units of money, including the
non-financial resources needed for the provision of services to the general public and the resources
maintained for historical and cultural reasons.
Liability is a debt arising from past events whose settlement results in an outflow of government
economic resources.
. Fund Equity is the government's net worth which is a gap between government assets and liabilities
4. Explain the elements in the cash flow statement !
Answer :
Cash flow statement. The cash flow statement presents cash information related to operating,
financing and transactional activities which describe the initial balance, receipt, expenditure and final
balance of cash of the central / regional government during a certain period. The elements covered
by the Cash Flow Statement consist of cash receipts and disbursements, each of which is defined as
follows.
 Cash receipts are all cash flows that go to the state / regional General Treasurer.
 Cash expenditure is all cash flows out of the State / Regional General Treasure.
 Statement of Changes in Equity. presents information on the increase and decrease in equity
of the reporting year compared to the previous year.
5. Explain the foundation of village government accounting rules !

Answer :
The village is a legal community unit that has the territorial boundary that is authorized to regulate
and administer government affairs, the interests of the local community based on community
initiatives, the rights of origin, and / or traditional rights recognized and respected in the government
system of the Republic of Indonesia. The village is obliged to carry out accounting to support the
accountability process of its financial management to the public. The accounting standards that
currently exist and are suitable for village accounting are Government Accounting Standards (SAP) on
the basis of consideration that the first village is responsible for administering government affairs (Law
6/2014, Article 1) and the village head is obliged to submit reports on the administration of village
governance to the regent / mayor (Act 6/24, Article 27)

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2. How is the government accounting system applies to a country ?

1. Accounting System of the Central Government and Regional Government,

3. What is meant by a report on changes in budget balance more ?

4. Explain the elements in the cash flow statement !

5. Explain the foundation of village government accounting rules !

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