Financial Engineering Class Sesi 1 Ver 2.0

8/6/2019 Financial Engineering Class Sesi 1 Ver 2.0

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Financial Engineering Class

Sesi 1

Ir. F. Parno Isworo MM. MBA


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9-Aug-2010 Financial Engineering 2

The Corporate World in Global Economy

Capital market Debt market

Corporation

Raw Materials market

Money market

Shareholders

Product market Prod. Equipment market

GLOBAL

NATIONAL


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Corporate Goal and Support Means

Going concern

Jack Welch :

Im here not to predict the world. Im here to be sure Ive got acompany that is strong enough to respond to whatever happens

Shareholders value

needs

COMMON MEASURES i.e.

Financial Reports based on internationally acknowledged standards

Risks Measures based by internationally acknowledged body


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Topics to Discuss

ACCOUNTING and CORPORATE FINANCE

Accounting Corporate FinanceENVIRONMENT OF INTERNATIONAL FINANCIAL MANAGEMENT Balance of Payments and International Economic Linkages Determination of Exchange Rates and Foreign Exchange Market Currency Futures and Options Markets

Parity Conditions in International FinanceEXCHANGE RATE BEHAVIOUR Government Influence International Arbitrage and Interest Rate Parity Inflation, Interest Rate and Exchange RatesFOREIGN EXCHANGE RISK MANAGEMENT

Transaction Exposure Economic and Translation ExposureSHORT-TERM ASSET AND LIABILITY MANAGEMENTLONG-TERM ASSET AND LIABILITY MANAGEMENT


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Yang ingin anda ketahui tentang Perusahaan

CORPORATE INFORMATION

Non quantitative Info Quantitative Info

Accounting Info Non accounting Info

Operating Info Financial Accounting Management Accounting

Inside and outside parties- Shareholders- Lenders- Tax office

Inside parties- Planning- Implementation- Control

9-Aug-2010 5Financial Engineering


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CASH

NVESTMENTS

PRODUCTION

SALES

PERUSAHAAN GOING CONCERN KARENA MENERAPKAN PRINSIP

SIKLUS KEUANGAN USAHASIKLUS KEUANGAN USAHA

OP & MAINTENANCE

RAW MATERIALS

CASH

COGS

DISTRIBUTION

SALES

SG&A

Perusahaan ProduksiPerusahaan Produksi

Perusahaan DagangPerusahaan Dagang



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PRODUKSI / OPERASI

ARUSARUS DANA KAS PERUSAHAANDANA KAS PERUSAHAAN

PEMEGANG SAHAM

EKUITAS

KREDITUR

DANA KAS PERUSAHAAN

HUTANG

MATERIAL GAJI / UPAH ADM A.T A.T baru

PENJUALAN

KREDIT

PENDAPATAN

LUAR OPERASI

INVESTASI

BUNGA CICILAN

PEMERINTAH

PAJAKDIVIDEN

A.T = Aktiva Tetap



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FINANCIAL STATEMENTS

Accounting Standards Principles

Generally Accepted Accounting Principles (GAAP) oleh Financial AccountingStandard Board (FASB)

Peraturan Standar Akuntansi Keuangan (PSAK) Indonesia oleh Ikatan AkuntanIndonesia (IAI)

International Financial Reporting Standard (IFRS)

Accounting Policy

Corporate policy Industry standard

Financial Statement providing information : To present and potential investors and creditors Comprehensible to those who understand the business to study the information

with diligence

About the resources of the company and the claim on those resources About the companys financial performance during the period To help users assess the amounts, timing and uncertainty of prospective cash

receipts from dividends or interest and the proceeds of sale or redemption ofsecurities or loans


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Basic Accounting ConceptsThe Balance Sheet

1. Money MeasurementsAccounting records only the facts that can be expressed in monetary terms

2. EntityAccounts are kept for entities, as distinguished from the persons who areassociated with those entities

3. Going Concern

Accounting assumes that an entity will continue to operate indefinitely and that itis not about to be liquidated

4. CostAn asset is ordinarily entered in the accounts at the amount paid to acquire it,and this cost rather than current market value is the basis for subsequentaccounting for the asset.

5. Dual AspectThe total amount of assets equals to the total amount of liabilities and ownersequity

6. Accounting Period 9. Matching7. Conservatism 10. Consistency8. Realization 11. Materiality


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Basic Accounting ConceptsThe Income Statement

1. Money Measurements 4. Cost

2. Entity 5. Dual Aspect3. Going Concern

6. Accounting PeriodAccounting measures activities for a specified interval of time, usually one year

7. ConservatismRevenues are recognized when they are reasonably certain, where as expenses arerecognized when they are reasonably possible

8. RealizationThe amount recognized as revenue is the amount that reasonably certain to be realized, thatis, paid by customers

9. MatchingWhen a given event affects both revenues and expenses, the effect on each should berecognized in the same accounting period. Matching cost against revenue

10. ConsistencyOnce an entity has decided on a certain accounting method, it should use the same methodfor all subsequent events of the same character unless it has a sound reason to changemethods.

11. MaterialityInsignificant events may be disregarded, but there must be full disclosure of all importantinformation


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Other Accounting ConceptsThe Income Statement

1. Accrual versus Cash-Basis Accounting

Accrue means charged or accounted for although it may notbe cash receipt or outlay

2. Income Tax Accounting The use of accelerated depreciation for tax calculationpurpose, which is different from the straight line method forfinancial reporting

3. Economic Income

Economic Income measures intangibles, values,adjustments for transaction with owner(s) in dividend,additional paid-in capital and return on equity


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Penjelasan1 Terdiri dari kas di brankas dan rekening giro di bank

2 Umumnya berupa sea yang dibayar di muka (dalam Income Statement iniberupa Selling , General and Administration (SG A)

3 Tahun 1999 tidak ada penjualan asset yang dimiliki atau perolehan assetbaru. Tahun 2000 gudang diperluas dengan biaya US$ 12 juta dan assetyang dulu dibeli senilai US$ 9 juta dijual pada nilai buku US$ 2 juta

4 Accrued expenses terdiri dari wages dan taxes payable

5 long-term debt dibayar kembali dengan cicilan US$ 8 juta per tahun. Tahun1999 tidak ada long-term debt baru, tetapi dalam tahun 2000 diperolehpinjaman jangka pendek dari bak untuk membiayai perluasan gudang padabutir 3

6 Selama 3 tahun itu tidak ada saham baru diterbitkan dan tidak ada saham

yang dibeli kembali.



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Contoh Penyusunan Neraca dan Laba Rugi

Buka Accounting Examples.xls.

Tentang pembangunan PLTD sampai ber-operasi



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Analysis of Monetary Assets

Calculated based on Balance Sheet

Current Ratio

Current Assets divided by Current Liabilities

Acid Test Ratio or Quick Ratio

Monetary Current Assets divided by Current Liabilities

Days Cash

Cash cost per day

Days Receivables or Collection Period

Account Receivables divided by Sales per day


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Reference Material forFinancial Engineering and Regulatory Issues

Acounting Text and Cases - Anthony, Reese, Hertenstein, IRWIN

Understanding Return on Investment George T. FriedLob andFranklin J. Plewa, Jr. - JOHN WILEY

Financial Management Theory and Practice Eugen Brigham and

Louis Gapensky DRYDEN PRESS International Finance an Analytical Approach Imad Moosa, - MC

GRAW HILL

Foundations of Multinational Financial Management Alan C.,Saphiro ALLYN AND BACON

Finance for Executives, Managing for Value Creation Hawawini,Viallet - SOUTH WESTERN THOMSON LEARNING

Valas untuk Manager DR. Hamdy Hady GHALIA INDONESIA

Pasar Uang dan Valas Jose Rizal joesoef SALEMBA EMPAT

Financial Engineering Class Sesi 1 Ver 2.0

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