Skripsi
The Implementation and Evaluation of Lease Accounting in a Retail Company
Pengarang:
Khasya Razisky Haura - ; Gede Harja Wasistha (Pembimbing/Promotor) - ; Lindawati Gani (Penguji) - ; Rafika Yuniasih (Penguji) -
Deskripsi
This internship report evaluates the lease accounting process for retail store leases
at PT ABC. The evaluation uses the single lessee accounting model under PSAK
116 (Leases), the current standard, covering: lease identification and agreement
review, identification of exemptions, determination of the discount rate, initial and
subsequent measurement of the right-of-use asset and lease liability, and lease
presentation. The results show that PT ABC's implementation of lease accounting
is in accordance with PSAK 116, despite obstacles, including operational process
deficiencies and a standard-level limitation regarding the practical applicability of
the low-value asset threshold in the Indonesian retail context. Thus, the author
recommends that PT ABC improve its process governance and that the relevant
authorities consider developing different thresholds to better reflect the realities of
commercial retail lease portfolios in Indonesia. Additionally, the author conducted
a self-reflection covering experiences, an evaluation of achievements and
challenges, and a follow-up plan.
at PT ABC. The evaluation uses the single lessee accounting model under PSAK
116 (Leases), the current standard, covering: lease identification and agreement
review, identification of exemptions, determination of the discount rate, initial and
subsequent measurement of the right-of-use asset and lease liability, and lease
presentation. The results show that PT ABC's implementation of lease accounting
is in accordance with PSAK 116, despite obstacles, including operational process
deficiencies and a standard-level limitation regarding the practical applicability of
the low-value asset threshold in the Indonesian retail context. Thus, the author
recommends that PT ABC improve its process governance and that the relevant
authorities consider developing different thresholds to better reflect the realities of
commercial retail lease portfolios in Indonesia. Additionally, the author conducted
a self-reflection covering experiences, an evaluation of achievements and
challenges, and a follow-up plan.