Review Of The Revenue Recognition In Accordance With Statement Of Financial Accounting Standard (PSAK) No.23/ 2010 At Damri Corporation

ABSTRACT: One of the components of financial statements that are considered useful to look at the condition of the company, namely the income statement. One component of the income statement are income, the main problems in accounting revenue is determining when revenue recognition. Activities of the company will be deemed ineffective and inefficient when revenue recognition is not done properly. Therefore, the recognition of revenue have been set in PSAK No.23/2010. According to PSAK 23/2010 revenue is the gross inflow of economic benefits arising from the normal activities of an entity during a period when those inflows result in increases in equity that is not derived from the contribution of investors. The main income earned Damri Corporation is selling the economic city bus, bus with air conditioner and Trans Metro Bandung to society or passengers. Damri Corporation is a State-Owned Enterprises (SOEs) engaged in the provision of transport services, one of them a city bus. Final assignment method used is descriptive method, descriptive, observational methods that analyze about the condition of the company. Damri Corp. apply accrual basis as for recognizing revenue. Application of revenue recognition is done by Damri Corporation in accordance with PSAK No. 23/2010, in which revenue is recognized on the basis of PSAK No. 23/2010. The possibility that the economic benefits associated with the transaction will be obtained by the entity and the amount of revenue can be measured reliably. Revenue Recognition In accordance with PSAK No.23/2010 at Damri Corporation can be concluded that the basic recording of revenue recognition is used Damri Corporation accrual basis, accrual basis of revenue recognition is where the income from the sale of goods or services is recognized in the period of the transaction, although cash has not been received by the company, the transaction has been recorded and recognized as revenue.

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