MATERI PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2016

LAB 2
BUSINESS COMBINATION

 Definition (PSAK 22)

Kombinasi bisnis adalah suatu transaksi atau peristiwa lain dimana pihak pengakuisisi
memperoleh pengendalian atas satu atau lebih bisnis.

 Business Combination Requirements

1. Pengidentifikasian pihak pengakuisisi
2. Penentuan tanggal akuisisi
 Tanggal pengendalian  tanggal pada saat mengakuisisi
 Tanggal penutupan  tanggal pada saat melepaskan pengendalian
3. Pengakuan dan pengukuran aset teridentifikasi yang diperoleh, kewajiban yang
diambil alih dan kepentingan nonpengendali pihak yang diakuisisi
4. Pengakuan dan pengukuran goodwill atau keuntungan dari pembeli dengan diskon
(gain from bargain purchase)

 Reasons for Business Combination

1. Cost advantage
2. Lower Risk
3. Fewer operating delay
4. Avoidance of Takeovers
5. Acquisition of Intangible Assets
6. Other Reasons

 Type of Combination
1. Vertical Different business line but, successive, stages of production or
distribution. Contoh: Indofood  Bogasari dan Indomie
2. Horizontal  Same business line and markets. Contoh: TV 7 dan Trans
3. Conglomeration  Unrelated and diverse products or service function.
Contoh: Astra, Bakrie

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 Legal form Combination

1. Merger  PT A + PT B = PT A/ PT B  salah satu disolved
2. Consolidation  PT A + PT B = PT C  bergabung dan menghasilkan satu
perusahaan baru

 Accounting for Acquisition

 Acquisition method  fair value
 Investment cost
Investment cost diukur berdasarkan jumlah :
- Cash disbursed
- Fair value of other asset distributed, or
- Fair value of securities issued

Investment cost > FV net asset pihak yang diakusisi  Goodwill

Investment cost < FV net asset pihak yang diakusisi  Gain on bargaining purchase

Other investment cost :

- Direct Cost
1. Mengurangi additional paid in capital : printing, issuing, registration
securities, dan biaya ke bursa lainnya
2. Diakui sebagai Investment Expense : Account legal, consultant fee
- Indirect cost
Ex : Depreciation expense

 Contoh Soal
Comparative balance sheets for A and B Corp at 31 December 2018 are as follows (in $000)
A (BV) B (BV)
Current assets 420 336
Land 672 504
Building-net 1,596 420
Equipment-net 1,344 1,512
Total Assets 4,032 2,772
Current Liabilities 672 252

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Common stock, $10 par 1,176 1,176

Additional paid in capital 1,008 672
Retained earnings 1,176 672
Total Liabilities and Equities 4,032 2,772

On January 2, 2019, A issued 84,000 shares of its stock with a market value of $30 per
share for all the outstanding stock of B Corp, in acquisition B is disolved. The recorded
book value reflects fair value, except for the buildings of A which have fair value of
$1,820,000 and current assets of B which have a fair value $700,000. Cost of registering
fee and issuing securities $84,000, other direct cost of combination $168,000.
Required :
Prepare all necessary journal entries for business combination and Statement of Financial
Position at acquisition.

Solution :
Journal Entries
 Investment in B ($30*84,000) $2,520,000
Common Stock ($10*84.000) $ 840,000
Additional Paid in Capital $1,680,000

(To record investment in B)

 Investment expense $168,000

Additional paid in capital $ 84,000
Cash $252,000
(To record other investmet cost)

 Current asset $ 700,000

Land $ 504,000
Building-net $ 420,000
Equipment-net $1,512,000
Current Liabilities $ 252,000
Investment in B $2,520,000
Gain on Bargain Purchase $ 364,000
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(To record allocation of the cost of acquiring B Corp to identifiable net assets
accounting to their fair value and gain on bargaining purchase)

Statement of Financial Position

A Corp
Statement of Financial Position
Jan 2, 2019 (in $000)

Current Assets (420+700-252) 868

Land (672 + 504) 1,176
Building-net (1,596 + 420) 2,016
Equipment-net (1,344 + 1,512) 2,856
Total Assets 6,916
Current Liabilities (672+252) 924
Common stock $10 par (1,176 + 840) 2,016
Additional paid in capital (1,008 +1,680 – 84) 2,604
Retained earnings (1,176 + 364 – 168) 1,372
Total Liabilities and Equities 6,916

ANA – HESTY – SANDRA – SHINDI FATA 2016