MATERI DAN CONTOH SOAL BUSINESS COMBINATION FATA 2015

LAB 2
BUSINESS COMBINATION

 Definition (PSAK 22)

Kombinasi bisnis adalah suatu transaksi atau peristiwa lain dimana pihak pengakuisisi
memperoleh pengendalian atas satu atau lebih bisnis.

 Business Combination Requirements

1. Pengidentifikasian pihak pengakuisisi
2. Penentuan tanggal akuisisi
 Tanggal pengendalian  tanggal pada saat mengakuisisi
 Tanggal penutupan  tanggal pada saat melepaskan pengendalian
3. Pengakuan dan pengukuran aset teridentifikasi yang diperoleh, kewajiban yang diambil
alih dan kepentingan nonpengendali pihak diakuisisi
4. Pengakuan dan pengukuran goodwill atau keuntungan dari pembeli dengan diskon

 Type of Combination
1. Vertical  Indofood  Bogasari dan Indomie
2. Horizontal  TV 7 dan Trans
3. Conglomeration  Astra, Bakrie

 Legal form Combination

1. Merger  PT A + PT B = PT A/ PT B  salah satu disolved
2. Consolidation  PT A + PT B = PT C  gabung

 Accounting for Acquisition

 Acquisition method  fair value
 Investment cost
Investment cost diukur berdasarkan jumlah :
- Cash disbursed
- Fair value of other asset distributed, or
- Fair value of securities issued

Investment cost > FV net asset pihak yang diakusisi  Goodwill

Investment cost < FV net asset pihak yang diakusisi  Gain on bargaining purchase

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 MATERI DAN CONTOH SOAL BUSINESS COMBINATION FATA 2015

Other investment cost :

- Direct Cost
1. Mengurangi additional paid in capital : printing, issuing, registration
securities, dan biaya ke bursa lainnya
2. Diakui sebagai Investment Expense : Account legal, consultant fee
- Indirect cost
Ex : Depreciation expense

 Contoh Soal
Comparative balance sheets for Jin & Jun Corp at 31 December 2016 are as follows (in
$000)
Jin Jun
Current asset 300 240
Land 480 360
Building-net 1.140 300
Equipment-net 960 1.080
Total Assets 2.880 1.980
Current Liabilities 480 180
Common stock, $10 par 840 840
Additional paid in capital 720 480
Retained earnings 840 480
Total Liabilities and Equities 2.880 1.980

On January 2, 2017, Jin issued 60.000 shares of its stock with a market value of $30/share
for all the outstanding stock of Jun Corp, in acquisition Jun is disolved. The recorded
book value reflect fair value, except for the buildings of Jin which have fair value of
$1.300.000 and current asset of Jun which have a fair value $500.000. Cost of registering
fee and issuing securities $60.000, other direct cost of combination $120.000.
Required :
Prepare all necessary journal entries for business combination and Statement of Financial
Position at acquisition.

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MATERI DAN CONTOH SOAL BUSINESS COMBINATION FATA 2015

Solution :
Journal Entries
 Investment in Jun $1.800
Common Stock ($10*60.000) $600
Additional Paid in Capital $1.200

(To record investment in Jun)

 Investment expense $120

Additional paid in capital $60
Cash $180
(To record other investmet cost)

 Current asset $500

Land $360
Building-net $300
Equipment-net $1.080
Current Liabilities $180
Investment in Jun $1.800
Gain on bargain purchase $260
(To record allocation of the cost of acquiring Jun Corp to identifiable net assets
accounting to their fair value and gain on bargain purchase)

Statement of Financial Position

JIN Corp
Statement of Financial Position
Jan 2, 2017 (in $000)

Current Assets (300+500-180) 620

Land (480 + 360) 840
Building-net (1.140 + 300) 1.440
Equipment-net (960 + 1.080) 2.040
Total Assets 4.940

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MATERI DAN CONTOH SOAL BUSINESS COMBINATION FATA 2015

Current Liabilities (480+180) 660

Common stock $10 par (840 + 600) 1.440
Additional paid in capital (720 +1.200 – 60) 1.860
Retained earnings (840 + 260 – 120) 980
Total Liabilities and Equities 4.940

FAQIH – HANIFA – IRMAYANTI - JHOICE 4