Inventory Accounting Treatment and Its Effect on Financial Statements at PT Indofood Fortuna Makmur

Yuda, I Kadek Krisna and Suandi, I Ketut and Hudiananingsih, Putu Dyah (2022) Inventory Accounting Treatment and Its Effect on Financial Statements at PT Indofood Fortuna Makmur. Repositori Politeknik Negeri Bali.

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Abstract

Treatment inventory accounting is how companies treat inventory owned under SAK. In this study, data were collected using interview techniques, and documentation. The data analysis carried out is a qualitative descriptive analy-sis, the data obtained is explained and then compared between the inventory accounting treatment applied by the com-pany and SAK. The results of this study show that PT Indofood Fortuna Makmur has not fully implemented inventory accounting treatment in accordance with SAK. Thus, in the preparation of the income statement and the statement of the company's financial position, the excess recognizes the amount of profit and also the company records that the amount of merchandise inventory is not in accordance with the state of the inventory owned. In this regard, the financial statements produced by the company cannot be presented reasonably because the company has not charged losses on inventory that has decreased in value into the income statement and has not reduced the amount of merchandise inven-tory with inventory that has decreased in value in accordance with the Statement of Financial Accounting Standards.

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