GROUP 3
The Role of
Accountants in
Promoting Creative
Industries in Indonesia and Their Impact on
People's Welfare
Ria Afrizal
OUR TEAM
Muhammad Ammar
Wafaa Nurilah
Ahmad Alfredo
Amrul Haz Hasibuan
What is Accounting and the Creative Industry?
Accounting is a complex and vital system used to record, measure, analyze, and report the financial transactions of an entity
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Understanding Accounting
Understanding Creative Industry
Creative industry is an economic sector focused on the production and commercialization of creativity, innovation, and content or products with high economic value. Some key areas within the creative industry include:
Visual Arts Music
Film and Television Adverrtising
Publishing 1.
2.
3.
4.
5.
6. Fashion 7. Design
8. Games and Interactive Entertainment 9. Culinary
10. Performing Arts
ROLES ACCOUNTANT IN ADVANCE
INDUSTRY CREATIVE IN INDONESIA
Support for the growth and development of the creative sector is greatly helped by accounting. The creative economy sector is increasingly important throughout the world, especially in Indonesia.
Among its most important roles in the creative industry are the following:
Financial Management
Good financial management is the key to business success in the creative industry .
Reporting Finance
Accounting produces financial reports, such as profit and loss statements, balance sheets, and cash flow statements.
Recording Transaction Finance
Accountants record and input all financial transactions related to businesses in the creative industry.
Evaluation Investments
When creative companies consider investments in new projects, expansions, or acquisitions.
Management Right Riches Intellectual
Strategic Decision Making
Roles Accountant in Industry Creative
Creative industries often have complex tax regulations that are different from other sectors.
Copyrights, patents, trademarks and other intellectual property rights are important assets in the creative industry.
Tax and Compliance Regulations
Accounting provides the data and information necessary for strategic decision making.
Management Right Riches Intellectual
Strategic Decision Making
The Impact of Creative Industries on Community Welfare
The creative industry creates diverse job opportunities, especially in the fields of arts, design, entertainment, and technology
The creative industry can generate substantial income for individuals and businesses.
Job Creation
Increased Income and Prosperity
Skill and Talent Development
The creative industry provides a platform for individuals to develop their creative skills and talents.
Appreciation of Local Culture
The creative industry often celebrates local culture and cultural identity
Tourism Growth
Artworks, festivals, performances, and film productions associated with the creative industry can become significant tourist attractions.
Impact of Creative Industries on Community Welfare
Innovation and Technology
The creative industry often pioneers the use of new technology and innovation
Social and Cultural Influence
Many forms of art and media have a significant impact on changing public views and behaviors on social issues
Improved Quality of Life
The creative industry can enhance inspirational, entertaining, and positively engaging content
Soft Skills Development
Working in the creative industry often involves teamwork, communication, creativity, and problem-solving
Promotion of Identity and Cultural Diversity
Can provide recognition and promote
understanding and tolerance
Challenges of the Accounting Profession in the Creative Industry
In an effort to improve society's welfare, the accounting profession in creative business faces a number of difficulties.
Creative Value
Measurement Income Fluctuations
This value is often subjective and difficult to quantify in
numbers
Accountants need to help individuals or companies create financial strategies
intellectual property rights
Accountants must
understand how to manage IPR assets
Project Failure
Accountants must
understand how to manage the financial risks
associated with projects
that may not be successful, i
Management Right Riches Intellectual
Strategic Decision Making
Accountants must understand the impact of this technology on the business and assist in adapting accounting systems and financial strategies accordingly.
Strategic Decision Making
Challenges of the Accounting Profession in the Creative Industry
Accountants should help companies such as monitor budgets closely.
Many works of art and creative content can reach international markets. thus bringing challenges for accountants in terms of taxation
High Production Costs
International Growth:
Technology Changes
tO meet regulatory requirements and gain support from donors or regulatory authorities.
