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SEPARATE RECOGNITION OF BUILDING SUPPORT COMPONENTS

IN GOVERNMENT FIXED ASSET ACCOUNTING

Fajri Hidayat

Universitas Islam Negera Imam Bonjol, Padang, Indonesia

Email: fajrihid[email protected]

Abstract

This study provides empirical evidence related to the application of fixed asset accounting at the level of

ministries or institutions' work units, with the research location at a university in Indonesia. Through this

research, it can be proven that recording the value of fixed assets in the Statement of Financial Position

sourced from the conversion of the value of capital expenditures in the LRA tends to cause problems if the

codification of expenditure accounts does not contain the separation of recording the components of building

support. The research in this study used a descriptive method by tracing historical/documentation data. The

data studied comes from the documentation of planning/budgeting, budget realization, and financial reporting

in 2015, especially those related to capital expenditure and fixed asset recording. The documentation starts

from DIPA, RKA-KL, SPM, Contract Documents, Supervisory Consultant Reports, Contractor Reports for

Construction Development Work, Financial Reports from SAIBA applications, and data from SIMAK-BMN.

Data processing was carried out using descriptive statistical methods with the help of the Microsoft Excel

application program. The results of this study indicate that after separating the recognition of building support

components, the value of additional fixed assets in the agency in 2015 changed significantly. This research

concludes that reclassification is needed after the value of capital expenditure is converted into the value of

fixed assets to comply with PSAP 07, and maintenance expenditure can be budgeted.

Keywords

: fixed assets; reclassification, governmental accounting

INTRODUCTION

Fixed assets have become the main focus of government accounting in Indonesia since it

was mandatory to prepare a Statement of Financial Position as part of the government's

financial statements. Its significant value and high complexity are the main causes of serious

accounting attention aimed at the recognition/recording, classification, measurement/valuation,

and presentation of these fixed assets (KSAP, 2014)

According to Yahya et al., (2018) Nine years since the obligation to prepare the Statement

of Financial Position was enacted, namely, since the issuance of Government Regulation

Number 24 of 2005 concerning Government Accounting Standards (SAP), the accounting for

fixed assets in the government's financial statements still shows problems. After the

government replaced the SAP regulation with Government Regulation Number 71 of 2010, the

problem of asset accounting persists.

In SAP, accounting for fixed assets is regulated in PSAP No.07 concerning Accounting

for Fixed Assets. In paragraph 4 of the PSAP, fixed assets are defined as tangible assets that

have a useful life of more than 12 (twelve) months to be used, or intended to be used, in

government activities or utilized by the general public (Adinegara et al., 2023). The

classification of fixed assets is contained in paragraph 7 which states that fixed assets are

Injuruty: Interdiciplinary Journal and Humanity

Volume 2, Number 5, Mei 2023

e-ISSN: 2963-4113 and p-ISSN: 2963-3397

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classified based on similarity in nature or function in operating activities. The classification of

fixed assets is as follows: (1) Land; (2) Equipment and machinery; (3) Buildings and structures;

(4) Roads, Irrigation, and Networks; (5) Other fixed assets; and (6) Construction in progress.

In practice, the issue of fixed assets continues to be reflected in the results of audits by

the Supreme Audit Agency (BPK) on the government's financial reports until 2014. The results

of the examination of 86 Financial Statements of Ministries and Institutions (LKKL) in 2014,

there were 18 (20.93%) opinions of Fair With Exception (WDP) and 7 (8.14%) Opinion

Disclaimer (TMP)/disclaimer. One of the things that sparked WDP's opinion was related to

fixed assets. Even the TMP opinion was given to ministries/agencies which among others had

problems in implementing fixed asset accounting. In addition to the audit results of the financial

statements, according to the BPK, in terms of the internal control system (SPI), the

administration and security of state-owned fixed assets in 56 KLs are also inadequate. In

general, (Indonesia, 2015) also stated that weaknesses in government administration occurred

in the management of fixed asset accounts. The unresolved issue of fixed asset accounting is

what underlies the importance of this research (Adiputra et al., 2018).

As stated by KSAP quoted in the first paragraph of this chapter, one of the reasons for

the unresolved issue of fixed assets is their significant value, which can be seen from the

number of assets in the government's Statement of Financial Position. Based on the data in the

government's Financial Position Report as of December 31 2014 presented in Table 1.1 below,

it can be seen that the nominal value of these fixed assets is very large, namely Rp. 1,714.5

trillion from Rp. 3,910.9 trillion in government assets. That is, fixed assets have a composition

of 43.84%, and are the largest component of the current government-owned asset component.

The very large number of fixed assets owned by the government is equivalent to the number

of fixed assets owned by the fifth largest publicly listed company in the world in 2014 DeMers,

(2014), namely Berkshire Hathaway, Inc. This giant company owned by Warren Buffett, who

is the third richest person in the world (Detik.com, 2015), has fixed assets of IDR 1,527.4

trillion Chierchia, (2020) (with the BI middle rate of IDR 13,266, April 4, 2016 ) or 21.87% of

its total assets of IDR 6,985.6 trillion.

Table 1 Total Assets of the Government of the Republic of Indonesia as of 31 December 2014

Asset Type

Value (in rupiah)

Composition

Current assets

262.980.618.272.981

6,72%

Long term investment

1.309.921.393.887.620

33,49%

Fixed assets

1.714.588.328.953.210

43,84%

Long Term Receivables

2.825.834.229.735

0,07%

Other Assets

20.606.155.768.241

15,87%

Amount

3.910.922.331.111.790

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Figure 1 Composition of Republic of Indonesia Government Assets as of 31 December 2014

Source: Processed from the RI BPK Audit Report on the 2014 Central Government Financial

Statements

The number of fixed assets as above is believed to increase from year to year. This is due to the

relatively large growth in government fixed assets, namely an average of 5.12% per year (Table 1 and

Figure 1). The percentage of growth is also the largest compared to other types of assets. The nominal

value of growth (addition) of fixed assets each year from 2010-2014 was an average of IDR 147.1

trillion.

Table 2 Growth of RI Government Assets from 2010 to 2014

Asset Type

Percentage Growth

Growth

Average

2014

2013

2012

2011

2010

Current assets

0,26%

0,32%

-0,74%

0,40%

0,97%

0,24%

Long term

investment

3,24%

7,03%

5,31%

1,44%

-1,26%

3,15%

Fixed assets

0,12%

-5,20%

9,54%

12,69%

8,47%

5,12%

Long Term

Receivables

0,00%

-0,05%

0,04%

0,11%

0,00%

0,02%

Other Assets

5,16%

1,68%

-2,22%

5,19%

4,24%

2,81%

Amount

8,78%

3,77%

11,93%

19,84%

12,41%

11,35%

Figure 2 Average Growth of Indonesian Government Assets from 2010 to 2014

Source: Processed from BPK RI Audit Report on Central Government Financial Statements for

2010-2014

A large number of additions every year shows the very large role of fixed assets in government

organizations. It is inevitable, the government needs fixed assets to expedite the implementation of its

activities in serving the community. This further illustrates that fixed assets need to be managed

properly and carefully so that the function of fixed assets owned by the government can be maintained.

The government, based on the Statement of Financial Position as of December 31, 2014, has

classified fixed assets as stipulated in PSAP No.07. This proves the seriousness of the government in

implementing SAP. That is, there have been efforts by the government to carry out government

accounting according to established standards. Details of the value of fixed assets owned by the

government can be seen in Table 3 below:

Table 3 Value of Indonesian Government Fixed Assets as of December 31, 2014

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Types of Fixed Assets

Value (In Rupiah)

Composition

Soil

945.677.266.992.956

44,44%

Equipment and Machinery

331.484.412.353.590

15,58%

Buildings and Buildings

210.934.630.857.630

9,91%

Roads, Irrigation, and Networks

476.253.657.666.187

22,38%

Other Fixed Assets

49.856.505.381.076

2,34%

Construction in Progress

113.946.714.499.490

5,35%

Fixed Assets Total (gross)

2.128.153.187.750.930

Accumulated Depreciation of Fixed Assets

(413.564.858.797.715)

Total Fixed Assets

1.714.588.328.953.210

Source: Processed from BPK RI's LHP of 2014 LKPP

One part of fixed assets that government entities need to pay close attention to is included in the

classification of buildings and structures. Each government agency or work unit has a building and

premises for carrying out their respective operational activities. As shown in Table 1.3 above, buildings

and buildings owned by the Indonesian government are currently worth a very large amount of IDR

210.9 trillion, or around 10% of its total assets.

In connection with this very large number, the government should pay more attention to building

accounting. This is also because in buildings there are non-building supporting components which are

generally in the form of other buildings, equipment, and machinery or networks (electricity, water, and

telephone). KSAP (2014) states that the main supporting components of buildings consist of mechanical

engineering (lifts, electrical installations and generators, and air conditioning and clean/dirty water

channels). In addition, other supporting components that are commonly found in buildings include

parks, fences, roads, parking lots, substations and electricity poles, clean water supply, clean water, and

waste water channels, and fire alarm devices. Each of these components has a different useful life, so

the depreciation value should also be different. For this reason, a detailed record is required, at least for

each component that has the same useful life.

Building support components as mentioned above are usually obtained in one package with the

building. This is because the acquisition price of government buildings currently refers to the rules

regarding cost components in the construction of buildings contained in the Regulation of the Minister

of Public Works Number 45/PRT/M/2007 concerning Technical Guidelines for the Construction of

State Buildings which states that "financing documents for the construction of State buildings consists

of: (1) Technical planning costs; (2) Implementation of physical construction; (3) Construction

management/construction supervision costs; and (4) Activity management costs”.

Acquisition of government buildings is carried out using procurement of goods and services as

stipulated in Presidential Regulation Number 54 of 2010 concerning Procurement of Government

Goods/Services, which was last amended by Presidential Regulation Number 4 of 2015. One way to do

this is through the construction process using construction services. third party (contractor). One

building is usually carried out by one or several contractors to carry out or procure all construction

components by planning documents made by professional consultants (architects) until the building is

ready for use.

In practice, after the acquisition, all of these components will be input into the Accrual-Based

Agency Accounting System (SAIBA) application and the State Property Accounting and Management

Information System (SIMAK BMN) as part of Buildings and Buildings. Meanwhile, if agencies make

purchases separately, the goods will be grouped into Equipment and Machinery or Networks.

Recording of the building's supporting components separately will affect the budgeting and

realization of costs incurred for expenditures after the acquisition (subsequent expenditures) of the

building and its supporting components. These expenses are needed by the government to maintain the

existence of the building so that its function can be maintained. That is, after the fixed assets are

acquired, the government still has to make expenditures related to these assets. These expenses can be

in the form of maintenance costs or rehabilitation or renovation costs (KSAP, 2014).

For this purpose, the government has budgeted for the maintenance of these buildings and

buildings every year. The realization of the government fixed asset maintenance budget in 2014, can be

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seen in Table 1.4. In the details of the maintenance expenditure, there is an allocation of maintenance

expenditure for buildings and buildings amounting to IDR 3.77 trillion, or 20.71% of the total

maintenance expenditure.

Table 4

Realization of Government Maintenance Expenditures of the Republic of Indonesia in 2014

Types of Maintenance Expenditures

Value

Building and Building Maintenance Expenditures

3.767.620.658.962

20,71%

Equipment and Machinery Maintenance Expenditures

10.223.883.662.317

56,19%

Expenditures for Road Maintenance, Irrigation, and Networks

3.952.850.195.410

21,73%

Other Maintenance Expenditures

249.908.760.938

1,37%

Amount

18.194.263.277.627

Figure 3

Composition of Realization of Government of the Republic of Indonesia Fixed Assets

Maintenance Expenditures in 2014

Source: Processed from the RI BPK Audit Report on the 2014 Central Government Financial

Statements

Based on Table 4 and Figure 3 above, it can be seen that the highest realization of maintenance

expenditure was for equipment and machinery, which reached IDR 10.22 trillion or 56.19% of the total

maintenance expenditure. Meanwhile, the allocation for maintenance of buildings and structures

amounted to IDR 3.77 trillion, or 20.71%, and was almost the same as spending on the maintenance of

roads, irrigation, and networks. The data found is inconsistent with the composition of each fixed asset

in the Statement of Financial Position, as presented in Table 1.5 below :

Table 5

Value and Composition of Fixed Assets (without land) of the Government of the Republic of

Indonesia in 2014

Types of Fixed Assets

Value (in Rupiah)

Composition

Equipment and Machinery

331.484.412.353.590

28,03%

Buildings and Buildings

210.934.630.857.630

17,84%

Roads, Irrigation, and Networks

476.253.657.666.187

40,28%

Other Fixed Assets

49.856.505.381.076

4,22%

Construction in Progress

113.946.714.499.490

9,64%

Fixed Assets Total (gross)

1.182.475.920.757.970

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Figure 4

Composition of Fixed Assets (Landless) Government of the Republic of Indonesia in 2014

Source: Processed from the RI BPK Audit Report on the 2014 Central Government Financial

Statements

Based on the data in Table 4 above, there is a very large realization of equipment and

machinery maintenance expenditure (56.19%) compared to its composition in total fixed assets

which is only 28.03% (Table 1.5 and Figure 1.4). It could be because equipment and machinery

tend to be damaged more quickly than other fixed assets. However, another possibility can also

occur, namely an inaccuracy in determining the maintenance expenditure account. For

example, there was an error in the assignment of maintenance of buildings and buildings to the

maintenance of equipment and machinery (Napitupulu & Budiarso, 2015). This means that

expenditures that should have been charged to building maintenance (based on initial records)

were instead charged to the maintenance of equipment and machinery. However, this

temporary analysis certainly requires in-depth research on the truth. In-depth research on this

matter is the topic raised in this thesis.

From the problems above, if separate recording for each supporting component of the

building is not carried out, the work unit will have difficulty preparing the maintenance

expenditure account. There may be doubts as to which maintenance expense account to use.

This difficulty is also caused by the absence of specific records of which equipment and

machinery were purchased at the time of purchase of the building, and which were purchased

separately.

The importance of this issue being studied can also be seen from the implementation of

the cost capitalization policy which can be recognized as fixed assets. The requirement for the

capitalization of government spending is regulated in PSAP No.07 paragraphs 49-51. In

paragraph 49 it is stated that "expenses after the initial acquisition of a fixed asset that extends

its useful life or which is likely to provide economic benefits in the future in the form of

capacity, quality of production, or increase in work standards, must be added to the value of

the asset in question". Regarding matters like this Nelson Lam, (2014) that in the past,

“improvement” criteria (performance standards) were used to determine whether the

continuing costs of fixed assets were recognized as assets or expenses. However, the current

accounting theory has led to the same recognition at the time of acquisition and after

acquisition. In other words, the "improvement" criterion is no longer used.

To determine expenses after the acquisition as assets (capital expenditures) or expenses

(maintenance expenditures), the government has also issued several policies in the form of

regulations from the minister of finance. The latest regulation is PMK No 143/PMK.02/2015

concerning Guidelines for Preparation and Review of Work Plans and Budgets of State

Ministries/Institutions and Ratification of Budget Execution Forms. In the attachment to the

regulation, it is stated that spending for expenses after the acquisition of fixed assets or other

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fixed assets can also be included as Capital Expenditures. This expenditure is categorized as

capital expenditure if it fulfills the requirement that the expenditure results in an increase in the

useful life, capacity, quality, and volume of assets owned. What does this policy mean? If an

error occurs in determining which assets will be budgeted for maintenance (buildings or

supporting components), then two errors have occurred in one transaction. First, expenses that

should have been charged to building maintenance expenditures have been grouped into

equipment and machine or network maintenance expenditures. This means that there has been

a mistake in the value of capital expenditure in the Budget Realization Report. Second,

spending that should be capitalized on the value of the building will be capitalized on the value

of equipment and machinery. This can lead to unreliable values of buildings and equipment

and machinery in the Statement of Financial Position.

The existence of possible difficulties in compiling maintenance expenditures and errors

in calculating the depreciation value, if separate recognition of the building's supporting

components is not carried out is what underlies the importance of this research. If this is

allowed to continue, it is possible that the value of fixed assets presented in the Statement of

Financial Position based on their classification will not reflect the actual situation. In other

words, such a state of confusion can lead to unreliable values of components of fixed assets,

especially Buildings and Buildings and Equipment, Machinery, and Networks. In addition, the

value of maintenance expenditures and capital expenditures in the Budget Realization Report

will also be continuously wrong. The worst possibility is that if a physical calculation of

equipment and machinery or networks is carried out, or an inventory (physical inspection of

fixed assets), then the data in the SIMAK-BMN application will never be the same as the reality

on the ground. This is because there are a lot of items in the form of equipment and machines

or networks (building support components) which physically exist, but the records in the

application do not exist because they are summarized in the building and construction records.

This means that the recording of BMN (assets) will be increasingly irregular or unclear as

stated by (Kusufi & Halim, 2014).

To examine this, an in-depth study is needed by tracing the data down to the work unit

level where budgeting, expenditure realization, and fixed asset accounting are carried out to

prepare government financial reports. Considering the efficiency, effectiveness, and ease of

collecting data, including detailed data on the contents of contracts and budget disbursement

which are usually difficult for outsiders to obtain, the researcher chose to collect data from the

institution where the author works, namely IAIN Imam Bonjol Padang which is a work unit of

the Ministry of Religion.

The purpose of this study was to find out the details of the use of spending accounts in

all capital expenditure budgets in the 2015 IAIN Imam Bonjol Padang budget document and

its suitability with the classification of fixed assets based on PSAP 07. To find out the details

of the value of fixed assets in the financial statements of IAIN Imam Bonjol Padang in 2015,

if the supporting components of the building are recognized separately. To find a solution so

that the supporting components of the building can be recognized separately in the

government's financial reports so that the classification of assets remains appropriate

METHOD RESEARCH

This research was conducted by observing and tracing the historical documents needed

to produce a description of how to apply the separate recognition of building components at

IAIN Imam Bonjol Padang. Therefore, this research method is called the descriptive method

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as meant by Nazir, (2014), namely a method of examining the status of a group of people, an

object, a set of conditions, a system of thought, or a class of events in the present.

To obtain the data in this study, the documentation search technique was used as written

by Nugroho, (2018) namely the method used to trace historical data. The data in this study

were analyzed using descriptive statistics. This analysis is by the descriptive method used in

this study, as stated by Comrey & Lee (2007) in Mangkuatmodjo, (2015) that descriptive

statistics are used when researchers try or attempt to reveal or provide a description of the

characteristics of the data collected in a study.

RESULT AND DISCUSSION

1. Analysis of Account Use in Capital Expenditure Budgeting at IAIN Imam Bonjol

Padang in 2015

The total budgeted capital expenditure in DIPA IAIN Imam Bonjol Padang in 2015

amounted to IDR 61,334,999,100. This amount is equivalent to 35.48% of the total budget

for that year which amounted to IDR 172,888,428,000. The capital expenditure is divided

into 40 work packages with details as in the Appendix. The expenditure accounts used in

capital expenditure budgeting at RKA-KL IAIN Imam Bonjol Padang in 2015 are described

in table 6 below:

Table 6 Details of the 2015 Capital Expenditures Account Usage

Account

Account Description

Amount

Composition

532111

Capital Expenditures for Equipment and Machinery

775.420.000

1,26%

533111

Building Capital Expenditures

56.184.000.000

91,60%

534132

Capital Expenditures for Network Raw Materials

10.000.000

0,02%

536111

Other Capital Expenditures

288.445.000

0,47%

537111

Land Capital Expenditures - BLU

456.589.000

0,74%

537112

Capital Expenditures for BLU Machinery and Equipment

1.118.220.500

1,82%

537113

Building and Construction Capital Expenditures - BLU

1.802.574.600

2,94%

537114

Capital Expenditures for Roads, Irrigation, and Networks -

¬ BLU

343.090.000

0,56%

537115

Other Capital Expenditures - ¬ BLU

356.660.000

0,58%

Amount

61.334.999.100

100,00%

Figure 5

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Composition of Capital Expenditure Budget of IAIN Imam Bonjol Padang in 2015

Source: Processed RKA-KL IAIN Imam Bonjol Padang in 2015

2. Analysis of Building Acquisition Recording at IAIN Imam Bonjol Padang in 2015

In 2015, IAIN Imam Bonjol Padang realized capital expenditures for buildings and

buildings using the spending account code 533111 for IDR 55,132,509,258, or 98.13% of

the capital expenditure budget for buildings and buildings amounting to IDR

56,184,000,000. The expenditure is divided into three major procurement groups, namely:

Construction of the Library Building for IDR 9,073,638,655; the Construction of the

Campus III Lecture Building for IDR 40,600,997,758; and the Construction of the Campus

II Lecture Building for IDR 4,815,664,000.

3. Findings After the Supporting Components of the Building are Separated for

Recognition

Based on the explanation and analysis above, it was found that the amount of added

value of fixed assets in the form of buildings and structures reported in the 2015 Financial

Position Report of IAIN Imam Bonjol Padang can be considered unreliable because they do

not fully comply with Government Accounting Standards. This discrepancy is related to the

classifier of fixed assets regulated in PSAP 07.

Based on the realization of the capital expenditure budget, the resulting buildings and

structures amounted to IDR 54,490,951,766. Meanwhile, after examining and tracing the

source documents for payment, the amount turned out to be too large. The number of

buildings that can be recognized should be IDR 43,290,581,900.00 or only 79.45% of the

total reported in the Statement of Financial Position. While the remainder (20.55%) did not

meet the criteria for Buildings and Structures as described in PSAP 07. Components that

could not be recognized as Buildings and Structures consisted of Rp. 10,656,228,953.00

(19.56%) met the criteria for recognition as Network, while Rp544,140,913.00 (1.00%) met

the criteria to be recognized as Equipment and Machinery.

Table 7

Details of Separation of Acknowledgment of Supporting Components in Building

Construction

Job description

The number of costs

Composition

Buildings and

Buildings

Network

Equipment

and

Machinery

Library

Building

Construction

9.073.638.655

16,65%

8.502.125.624

472.778.276

98.734.755

Construction of

Campus III

Lecture

Building

40.600.998.409

74,51%

30.358.676.692

9.796.915.560

445.406.158

Construction of

Campus II

Lecture

Building

4.816.314.701

8,84%

4.429.779.584

386.535.118

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Job description

The number of costs

Composition

Buildings and

Buildings

Network

Equipment

and

Machinery

Amount

54.490.951.766

100,00%

43.290.581.900

10.656.228.953

544.140.913

Percentage

79,45%

19,56%

1,00%

4. Impact of Unseparated Recognition of Building Supporting Components

In addition to the discrepancy in the value of fixed assets reported based on the

classification stipulated in PSAP 07, other impacts that may arise if the supporting

components of the building are not separated include:

1. Building supporting components are not recorded as fixed assets;

2. Influencing maintenance budget planning; and

3. Inaccurate depreciation value of fixed assets.

As previously described, due to the non-separation of the recognition of building

support components, the financial statements of IAIN Imam Bonjol Padang in 2015 will not

record the value of fixed assets in the form of Networks of IDR 10,656,228,953.00 and

Equipment and Machinery of IDR 544,140,913.00. This causes the two classifications of

fixed assets not to be recorded in the Accounting Information System and State Property

(SIMAK-BMN) application. This causes the agency to be unable to compile a budget for

network maintenance and equipment and machinery by the actual number of fixed assets.

As stipulated in the Decree of the Director General of Treasury Number Kep-311/PB/2014

concerning the Codification of Account Segments in the Standard Chart, the determination

of maintenance expenditure is based on the classification of fixed assets owned by work

units. This means that there is a separation between maintenance expenditures for each

classification of fixed assets. For example, Building and Building Maintenance Expenditure

(account code: 523111), Equipment and Machinery Maintenance Expenditure (account

code: 523121), and Network Maintenance Expenditure (account code: 523133) (Martani et

al., 2018). Determination of the amount of the maintenance expenditure budget is also

determined from the amount of each classification of fixed assets belonging to the work unit

based on the data contained in the Financial Position Report or the SIMAK-BMN

application.

Apart from the things mentioned above, the depreciation of fixed asset values that are

automatically carried out by the SAIBA application will of course also be wrong. The

application will only calculate the depreciation value based on the value of buildings and

buildings. While in real conditions, there are other fixed assets, namely in the form of

networks and equipment, and machinery whose useful lives vary. As stipulated in the

Decree of the Minister of Finance No: 59/KMK.6/2013 concerning Tables of Useful Periods

in the Context of Depreciation of State Property in the Form of Fixed Assets in Central

Government Entities

5. Alternative Solutions for Separation of Recognition of Building Supporting

Components

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The solution that can be offered to IAIN Imam Bonjol Padang to separate the

recognition of building support components that have already been combined in the

Financial Position Report is to reclassify fixed assets. Such reclassification can be carried

out by referring to PSAP No. 10 concerning Error Correction, Changes in Accounting

Policies, Changes in Accounting Estimates, and Discontinued Operations (Sael &

Kaparang, 2020). As stated in paragraph 4 of the PSAP, that correction is an accounting

corrective action so that the accounts/posts presented in the entity's financial statements are

as they should be. It should also be noted, in paragraph 7 it is stated that corrections that

have a material effect in the following period must be disclosed in the notes to the financial

statements. Correction of errors, in this case, is important because in paragraph 6 it is stated

that in certain situations, an error has a significant effect on one or more of the financial

statements of the previous period so that the financial statements are no longer reliable.

CONCLUSION

This thesis discusses the implementation of fixed asset accounting in

ministries/institutional work units, by taking the research location at IAIN Imam Bonjol Padang

which is a work unit of the Ministry of Religion. Based on the research that has been concluded,

the use of spending accounts in preparing the capital expenditure budget at IAIN Imam Bonjol

Padang, in general, is by the Decree of the Director General of the Treasury Number Kep-

311/PB/2014 concerning the Codification of Account Segments in the Standard Accounts

Chart. However, it tends to be inconsistent when budgeting for work/procurement plans related

to buildings and structures. When budgeting for a new building, IAIN Imam Bonjol Padang

uses the Building and Building spending account code, while in additions/repairs to building

supporting components, the agency uses different spending accounts. After the separation of

the recognition of building support components, the value of additional fixed assets in the

Financial Position Report of IAIN Imam Bonjol Padang in 2015 underwent significant changes.

The additional value of Buildings and Buildings, which was originally Rp. 54,490,951,766,

was reduced to Rp. 43,290,581,900, or 79.45%. Meanwhile, the Network value increased by

Rp. 10,656,228,953, and the Equipment and Machinery value increased by Rp. 544,140,913.

If the building support components are not recognized separately, it will have an impact on the

budget for the maintenance of fixed assets in the form of Networks and Equipment and

Machinery which were acquired together with the building construction. In addition, the

depreciation value of fixed assets will be inaccurate, because each type of fixed asset whose

recognition is combined into Buildings and Buildings has a different useful life.

Reclassification of fixed assets is required after the value of capital expenditure in the LRA is

converted to the value of fixed assets in the Statement of Financial Position so that it is by

PSAP 07 and maintenance expenditure can be budgeted. Recording the value of fixed assets in

the Statement of Financial Position originating from the conversion of the value of capital

expenditures in the LRA tends to cause problems if the expenditure account codification does

not contain the separation of the recording of building support components. This causes the

work unit to always reclassify fixed assets when during the construction of the building the

Separate Recognition of Building Support Components in Government Fixed Asset Accounting

link jurnal

455

packages are combined with supporting components that meet the classification other than the

building.

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Fajri Hidayat (2023)

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