Accounting Treatment of Loans Provided and the Influence of Financial Statements at the LPD Desa Adat Jimbaran

Pradana, I Komang Yogik and Sugiarta, I Nyoman and Masih, Ni Ketut (2022) Accounting Treatment of Loans Provided and the Influence of Financial Statements at the LPD Desa Adat Jimbaran. Repositori Politeknik Negeri Bali.

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Abstract

The loan provided by the LPD Desa Adat Jimbaran is one of the company's operational activities to increase income. Loans given will give rise to receivables. Long arrears from receivables will risk uncollectible receivables. In this case, the LPD Desa Adat Jimbaran has not estimated the appropriate doubtful loan reserves as a result, the loans presented do not re-flect the actual realizable value in the financial statements. The accounting treatment of loans granted is based on Bali Governor Regulation No. 44 of 2017 will show the true value of the financial statements. Data collection methods used in this study were observation, interviews, and documentation. The data analysis technique used in this research is descriptive analysis with a qualitative approach. The primary data of this study is the accounting treatment of loans given to the LPD Desa Adat Jimbaran, while the secondary data is the statement of financial position, income statement and collectibility report from 2019 to 2021. This study found that the acknowledgment of the loan granted was recognized when the loan was approved and at the date of realization of the loan. This shows that the acknowledgment is in accordance with Bali Governor Regulation No. 44 of 2017 due to the recognition of loans given at the time of agreement between two parties at fair value. Meanwhile, the measurement of the loan disbursed is formed from the percentage of profit set aside as CPRR, so it is not in accord-ance with the Bali Governor Regulation No. 44 of 2017 and the presentation of loans is not appropriate because the LPD Desa Adat Jimbaran has not formed the appropriate CPRR so that the loan amount presented in the statement of finan-cial position does not show the actual situation. The lack of CPRR formation will affect the financial statements resulting in the current year's profit and assets being overstated.

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