Operating Decisions PERTEMUAN X Dr Rilla Gantino, SE., AK., MM MM-FEB

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(1)

Operating Decisions PERTEMUAN X

(2)

KEMAMPUAN AKHIR YANG DIHARAPKAN

Mahasiswa mengetahui tentang konsep keputusan yang berkait dengan operasional, memahmi

(3)

Understanding the Business

How do business activities

How do business activities

affect the income statement?

affect the income statement? How do business activities

How do business activities

affect the income statement?

affect the income statement?

How are these activities

How are these activities

recognized and measured?

recognized and measured? How are these activities

How are these activities

recognized and measured?

recognized and measured?

How are these activities

How are these activities

reported on the

reported on the

income statement?

income statement? How are these activities

How are these activities

reported on the

reported on the

income statement?

(4)

The Operating Cycle

Begin

Begin

Purchase or

Purchase or

manufacture

manufacture

products or

products or

supplies on

supplies on

credit.

credit. Purchase or Purchase or manufacture manufacture products or products or supplies on supplies on

credit. credit.

Deliver product

Deliver product

or provide service

or provide service

to customers on

to customers on

credit.

credit.

Deliver product Deliver product or provide service or provide service to customers on to customers on

credit.

Receive payment

Receive payment

from customers.

from customers. Receive payment Receive payment

(5)

The Operating Cycle

Time Period:

Time Period: The long life of a company can be The long life of a company can be reported over a series of shorter time periods

reported over a series of shorter time periods..

Time Period:

Time Period: The long life of a company can be The long life of a company can be reported over a series of shorter time periods

reported over a series of shorter time periods..

Recognition Issues :

Recognition Issues : When should the effects of When should the effects of operating activities be recognized (recorded)?

operating activities be recognized (recorded)? Recognition Issues :

Recognition Issues : When should the effects of When should the effects of operating activities be recognized (recorded)?

operating activities be recognized (recorded)?

Measurement Issues:

Measurement Issues: What amounts should be What amounts should be recognized?

recognized? Measurement Issues:

Measurement Issues: What amounts should be What amounts should be recognized?

(6)

Elements on the Income

Statement

Losses Losses

Decreases in assets or increases in

Decreases in assets or increases in

liabilities from peripheral transactions.

liabilities from peripheral transactions.

Losses

Losses

Decreases in assets or increases in

Decreases in assets or increases in

liabilities from peripheral transactions.

liabilities from peripheral transactions.

Revenues Revenues

Increases in assets or settlement of

Increases in assets or settlement of

liabilities from ongoing operations.

liabilities from ongoing operations.

Revenues

Revenues

Increases in assets or settlement of Increases in assets or settlement of

liabilities from ongoing operations. liabilities from ongoing operations.

Expenses Expenses

Decreases in assets or increases in

Decreases in assets or increases in

liabilities from ongoing operations.

liabilities from ongoing operations.

Expenses

Expenses

Decreases in assets or increases in

Decreases in assets or increases in

liabilities from ongoing operations.

liabilities from ongoing operations.

Gains Gains

Increases in assets or settlement of

Increases in assets or settlement of

liabilities from peripheral transactions

liabilities from peripheral transactions..

Gains

Gains

(7)
(8)

Papa John’s Primary Papa John’s Primary Operating Expenses Operating Expenses Papa John’s Primary Papa John’s Primary Operating Expenses Operating Expenses

Cost of sales Cost of sales (used inventory) (used inventory)

Cost of sales Cost of sales (used inventory) (used inventory)

Salaries and Salaries and benefits to benefits to employees employees Salaries and Salaries and benefits to benefits to employees employees

Other costs (like Other costs (like

advertising, advertising, insurance, and insurance, and

depreciation) depreciation) Other costs (like Other costs (like

advertising, advertising, insurance, and insurance, and

(9)

How Are Operating Activities

Recognized and Measured?

Revenue is recorded

Revenue is recorded

when cash is received.

when cash is received. Revenue is recorded

Revenue is recorded

when cash is received.

when cash is received. Expenses are recorded

Expenses are recorded

when cash is paid.

when cash is paid.

Expenses are recorded

Expenses are recorded

when cash is paid.

when cash is paid.

(10)

Assets, liabilities, revenues, and expenses should be

Assets, liabilities, revenues, and expenses should be

recognized when the transaction that causes them

recognized when the transaction that causes them

occurs,

occurs,

not necessarily when cash is paid or received.

not necessarily when cash is paid or received.

Assets, liabilities, revenues, and expenses should be

Assets, liabilities, revenues, and expenses should be

recognized when the transaction that causes them

recognized when the transaction that causes them

occurs,

occurs,

not necessarily when cash is paid or received.

not necessarily when cash is paid or received.

Required by -

G

enerally

A

cceptable

A

ccounting

P

rinciples

Required by -

G

enerally

A

cceptable

A

ccounting

P

rinciples

How Are Operating Activities

Recognized and Measured?

(11)

Revenue Principle

Recognize revenues when . . .

Recognize revenues when . . .

Delivery has occurred or services

Delivery has occurred or services

have been rendered.

have been rendered.

There is persuasive evidence of an

There is persuasive evidence of an

arrangement for customer payment.

arrangement for customer payment.

The price is fied or determinable.

The price is fied or determinable.

Collection is reasonably assured.

Collection is reasonably assured.

Recognize revenues when . . .

Recognize revenues when . . .

Delivery has occurred or services

Delivery has occurred or services

have been rendered.

have been rendered.

There is persuasive evidence of an

There is persuasive evidence of an

arrangement for customer payment.

arrangement for customer payment.

(12)

Revenue Principle

CASH COLLECTED (Goods or services due to

customers)

over time will become

REVENUE (Earned when goods

or services provided)

Rent collected in advance Rent revenue

Unearned air traffic revenue Air traffic revenue Deferred subscription revenue Subscription revenue

Typical liabilities that become

Typical liabilities that become

revenue when earned include . . .

(13)

Revenue Principle

CASH TO BE

COLLECTED (Owed by

customers)

and already earned as

REVENUE (Earned when

goods or services provided)

Interest receivable Interest revenue Rent receivable Rent revenue

Royalties receivable Royalty revenue

Assets reflecting revenues earned but

Assets reflecting revenues earned but

not yet received in cash include . . .

(14)

The Matching Principle

Resources

Resources

consumed to earn

consumed to earn

revenues in an

revenues in an

accounting period

accounting period

should be recorded

should be recorded

in that period,

in that period,

regardless of when

regardless of when

cash is paid

cash is paid

.

.

Resources

Resources

consumed to earn

consumed to earn

revenues in an

revenues in an

accounting period

accounting period

should be recorded

should be recorded

in that period,

in that period,

regardless of when

regardless of when

cash is paid

(15)

The Matching Principle

CASH PAID FOR

as used over

time becomes EXPENSE Supplies inventory Supplies expense Prepaid insurance Insurance expense Buildings and equipment Depreciation expense

Typical assets and their related

Typical assets and their related

expense accounts include. . .

(16)

A = L + SE

Credit for Increase

RETAINED

RETAINED

EARNINGS

EARNINGS

Debit for Decrease

Credit for Increase

CONTRIBUTED

CONTRIBUTED

CAPITAL

CAPITAL

Debit for Decrease

Credit for Increase

Next, let’s see how

Next, let’s see how

Revenues and

Revenues and

Expenses affect

Expenses affect

Retained Earnings.

(17)

EXPENSES EXPENSES

Debit for Increase

Credit for Decrease

REVENUES REVENUES

Debit for Decrease

Credit for Increase

RETAINED RETAINED EARNINGS EARNINGS

Debit for Decrease

Credit for Increase

Eipanded Transaction Analysis Model

Dividends decrease

Dividends decrease

Retained Earnings.

Figur

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