Recognition of Post-Employment Benefits Liabilities: a Going Concern Assessment

Jayanti, I Gusti Ayu Agung Dwi and Darmayasa, I Nyoman and Mandia, I Nyoman (2022) Recognition of Post-Employment Benefits Liabilities: a Going Concern Assessment. Repositori Politeknik Negeri Bali.

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Abstract

Recognition, calculation, and recording of post-employment benefits at the entity reflects an implementation of the going concern assumption. Recognition of post-employment benefits is contained in SAK ETAP Chapter 23 as one of the accounting stand-ards guidelines in the preparation of financial statements. PT X has not yet recognized the post-employment benefit obligation based on SAK ETAP Chapter 23. Supported by previous research which also states different results, this research on the recognition of post-employment benefits liability is important to do. This study aims to analyze the recognition, calculation, and recording of post-employment benefit liabilities at PT X and its implications for going concern.To answer the research questions, data were collected through interviews with employees of PT X, observation, and documentation. Data analysis was performed using a qualitative de-scriptive approach and the Projected Unit Credit (PUC) method to calculate post-employment benefits for PT X's employees. PUC requires entities to make various actuarial assumptions.The results show that PT X has not recognized post-employment benefits liabilities in its 2019-2021 financial statements. The results of the data analysis on employee pension wages calculated using the PUC method resulted in a pension benefit value of Rp.634,481,955.53, the value of post-employment benefit obligations as of December 31, 2021, which was Rp.99,074,162.08, the current post-employment benefit expense was Rp.13,729,041.04, and liabilities. future post-employment benefits amounting to Rp521,678,752.41. The accounting records in the post-employment benefit liability journal based on the PUC method are recorded in three journals, namely, past expenses, current expenses, and future post-employment benefit liabilities. Recognition, calculations, and recordings made based on SAK ETAP, affect the burden on a pro rata basis each year, so that the company does not experience losses or high charges when there are employees who retire in the year concerned.

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