Deloitte Learning SolutionsFinancial Accounting Standards WebinarsSeries: Implementing PSAK 71, 72 and 73

Series Dates:27 July - 21 August 2020

Venue:Zoom Meeting

OverviewPSAK 71, 72, and 73 are effective 1 January 2020.

Amidst the disruption of the current business setting due to COVID-19 virus, the implementation of three (3) significant new standards remain.

Are we ready? Do you know what are the impacts, more importantly how to implement these?

We understand your concerns and difficulties, and we are here to offer a series of PSAK trainings/workshops which are tailored to the current environment and to be delivered in Bahasa Indonesia. We offer both PSAK theories, case studies, simulations and sample computations in the comfort of your homes.

Certificate of Completion is available for participants who will pass the post-webinar exams, while a Certificate of Participation is available for participants who will attend the webinar.

Session Program detailsDurations (Hours)

Date(2020)

Time(WIB)

PSAK 71 – FSI Entities

1

General Overview • Basic PSAK 71• Why the change from PSAK 55 to PSAK 71• Key changes - PSAK 55 vs PSAK 71• How PSAK 71 drives business process transformation• Rethinking strategic business decision

2.0 27 July 10:00 – 12:00

2

Classification• Business model assessment• Case study of asset sale/transfer consistent with 'hold to

collect' business model• SPPI test and asset grouping for SPPI test efficiency

(homogeneous vs. bespoke)• Case study of SPPI test• Defining financial guarantee contract subject to PSAK 71• Irrevocable option for equity instrument classification• Reclassification and classification error

2.0 28 July 10:00 – 12:00

3

Measurement• Initial and subsequent measurement of each classification• Identifying transaction fee and cost• Performing calculation of amortised cost using EIR (with

case study)• Fair value methodology for FVTOCI and FVTPL• Modification of financial asset and liability (with case study)• Identifying POCI criteria

2.5 29 July 09:30 – 12:00

4

Impairment (Part 1)• Scope of impairment• Assessing significant increase in credit risk criteria• Assessing default criteria• Pre-calculation: Bucketing and segmentation• Expected Credit Loss methodology

1. External data approach (PD, LGD, EAD Concept)

2.5 30 July 09:30 – 12:00

5

Impairment (Part 2), Disclosure Requirements, and General COVID-19 Impacts• Expected Credit Loss methodology (cont’d):

2. Collective approach (PD, LGD, EAD concept using

internal historical data) - Probability of Default (PD) - Loss Given Default (LG) - Exposure at Default (Including Prepayment, Lifetime,

and ECL for loan commitment analysis) - Forward-looking modelling

3. Individual Approach - Criteria and threshold - Estimated cash flow recovery and expected collateral

recovery - Scenario of estimation

• Disclosure requirements and general COVID-19 impacts

3.0 03 August 09:00 – 12:00

PSAK 71 – Non-FSI Entities

1

General Overview• Basic PSAK 71• Why the change from PSAK 55 to PSAK 71• Key changes - PSAK 55 vs PSAK 71• How PSAK 71 drives business process transformation• Rethinking strategic business decision

2.0 18 August 10:00 – 12:00

2

Impairment (Part 1)• Assessing significant increase in credit risk criteria• Assessing default criteria• Expected Credit Loss methodology • External data approach (PD, LGD, EAD Concept)

2.5 19 August 09:30 – 12:00

3

Impairment (Part 2), Disclosure Requirements, and General COVID-19 Impacts• Simplified approach criteria (Policy Choice)• ECL calculation using provision matrix (historical and

forward-looking)• Disclosure requirements and general COVID-19 impacts

2.5 21 August 09:30 – 12:00

PSAK 72

1

Overview and Core Principles• Basic PSAK 72• PSAK 72 development and implementation phase• Identifying contracts within the scope of PSAK 72• Understanding the five-step model framework• Identifying the possible impacts on financial statements

presentation

2.0 04 August 10:00 – 12:00

2

Identify Contracts and Performance Obligations (Step 1 & 2)• Identifying the accounting contracts and conducting

contract criteria analysis• Simulation of accounting for contract combination and

contract modification• Case studies on the application "distinct" principle for

multicomponent contracts• Conducting the principal vs agent analysis

2.0 05 August 10:00 – 12:00

3

Determine and Allocate the Transaction Price (Step 3 & 4)• Estimating the variable considerations• Simulation of significant financing component calculation• Case studies on non-cash consideration and consideration

payable to a customer• Estimating the stand-alone selling prices• Simulation of discount allocation

2.5 06 August 09:30 – 12:00

4

Recognise Revenue (Step 5) and Disclosure Requirements• Case studies on over time vs point in time revenue

recognition• Measuring progress toward satisfaction of PO: input vs

output method• Customers’ unexercised rights (breakage)• Identifying the data and information needed for disclosure

purposes

2.0 07 August 10:00 – 12:00

5

Contract Costs, Transition, and General COVID-19 Impacts• Case studies on costs of obtaining a contract and costs of

fulfilling a contract• Choosing between two transition options• Available practical expedients• Possible general COVID-19 impacts on revenue recognition

2.0 10 August 10:00 – 12:00

PSAK 73

1

General Overview and Basic Principles• Definition of a lease• The differences between PSAK 73 and PSAK 30• Case studies on determination as to whether a contract is,

or contains a lease• Determination of lease term• Identification and simulation of lease payments

2.0 11 August 10:00 – 12:00

2

Lessee Accounting• Separating components of a contract• Recognition exemptions• Incremental Borrowing Rate (IBR), alternate calculation and

simulation of IBR• Case studies on initial and subsequent measurement• Case studies on lease modifications• Sale and leaseback

3.0 12 August 09:00 – 12:00

3

Lessor Accounting• Separating components of a contract• Analysis on the classification of leases (finance vs operating

lease)• Accounting for finance leases• Accounting for operating leases• Interest rate implicit in the lease (IRIL) and simulation of

IRIL calculation• Case studies on initial and subsequent measurement• Case studies on lease modifications• Subleases• Disclosure for lessor

3.0 13 August 09:00 – 12:00

There are two types of certificates available:1. Certificate of Participation for participant who attends the session but did not take or did not pass the post-webinar exam, and2. Certificate of Completion for participant who attended the session and passed the post-webinar exam.

All certificates will be sent via email.

4

Transition, Disclosure Requirements for Lessee, and General COVID-19 Impacts• Transition options and impacts on selected transition

option• Available practical expedients • Short-term leases or leases of low value assets disclosure• Disclosure of amounts reflected in financial statements• Disclosure of lease commitments for short-term leases• Maturity analysis for lease liabilities• Possible general COVID-19 impacts on lease transactions

2.0 14 August 10:00 – 12:00

RegistrationYou can register online via this link. Alternatively, you can fill up this manual form.

Discounted bundled price guide (combination of the sessions):

Other options:PSAK 71 - FSI Entities

PSAK 71 - Non - FSI Entities

PSAK 72

PSAK 73

Bundle #1: Complete PSAK 71 FSI series (5 sessions) Bundle #2: Complete PSAK 71 Non-FSI series (3 sessions)Bundle #3: Complete PSAK 72 series (5 sessions) Bundle #4: Complete PSAK 73 series (4 sessions)Bundle #5: All PSAK series for FSI entities (14 sessions)*

Bundle #6: All PSAK series for Non-FSI entities (12 sessions)*

*the only difference is the PSAK 71 series

Session #1: General OverviewSession #2: Classification Session #3: MeasurementSession #4: Impairment (Part 1)Session #5: Impairment (Part 2), Disclosure Requirements, and General COVID-19 Impacts

Session #1: General OverviewSession #2: Impairment (Part 1)Session #3: Impairment (Part 2), Disclosure Requirements, and General COVID-19 Impacts

Session #1: Overview and Core PrinciplesSession #2: Identify Contracts and Performance Obligations (Step 1 & 2) Session #3: Determine and Allocate the Transaction Price (Step 3 & 4)Session #4: Recognise Revenue (Step 5) and Disclosure Requirements Session #5: Contract Costs, Transition, and General COVID-19 Impacts

Session #1: General Overview and Basic PrinciplesSession #2: Lessee Accounting Session #3: Lessor AccountingSession #4: Transition, Disclosure Requirements for Lessee, and General COVID-19 Impacts

IDR 3,000,000 (29% discount)IDR 1,750,000 (29% discount)IDR 2,625,000 (29% discount)IDR 2,500,000 (29% discount)IDR 7,725,000 (32% discount)IDR 6,500,000 (32% discount)

IDR 700,000 (2.0 hours)IDR 700,000 (2.0 hours)IDR 875,000 (2.5 hours)IDR 875,000 (2.5 hours)IDR 1,050,000 (3.0 hours)

IDR 700,000 (2.0 hours)IDR 875,000 (2.5 hours)IDR 875,000 (2.5 hours)

IDR 700,000 (2.0 hours)IDR 700,000 (2.0 hours)IDR 875,000 (2.5 hours)IDR 700,000 (2.0 hours)IDR 700,000 (2.0 hours)

IDR 700,000 (2.0 hours)IDR 1,050,000 (3.0 hours)IDR 1,050,000 (3.0 hours)IDR 700,000 (2.0 hours)

** Early bird discount:Get additional discount for participants who register from 2 July until 10 July 2020• Bundle sessions : 10%• Single session : 20%

Name Designation

Company

Address

Contact Person Tel Email

Registration Closing Date:• PSAK 71 series: 23 July 2020 (FSI) and 13 August 2020 (Non-FSI)• PSAK 72 series: 30 July 2020• PSAK 73 series: 06 August 2020

Please tick for both the price option below and session(s) selected

PaymentNote:• Full payment shall be made 3 working days prior to the webinar. The webinar link will only be sent once full payment has been made.• Any request for a replacement must be confirmed in writing at least 2 working days before the webinar. We regret that the cancellation

will not be accepted.• We reserve the right to make any amendments to the program, cancel the webinar and/or have speaker replacements, if warranted by

circumstances beyond our control.• All fees are exclusive of 10% VAT. Applicable taxes will be included in our invoice as a separate item and charged at the rate applicable

under the related legislation.

Bank TransferBank ANZ Indonesia branch Jakarta, A/C name: PT Deloitte Konsultan Indonesia, IDR A/C no. 116962-01-15290 Please send your remittance advice to IDDLS@DELOITTE.COM

EnquiryFor invoice inquiries, please contact us at IDDLS@DELOITTE.COM

AnnexureAbout Deloitte Learning Solutions (DLS)DLS specializes in providing structured learning programs for finance professionals by leveraging on Deloitte's core competencies and industry knowledge.

Our programs incorporate a blended learning approach (facilitator led/webinar & online learning) and leverages on technology that allows your finance professionals to learn from any location. If your Company want to have separate training sessions, please contact us separately at IDDLS@DELOITTE.COM

Control: For corporates, we work together to curate a program with topics that are relevant to your organization.For individual professionals, you can select from a list of topics packaged into a full year curriculum to earn CPE hours.

Visibility: For corporates, you have visibility over your finance professionals learning plan, progress and performance for the entire duration of the program.

Effectiveness in our learning programs: We break topics down into simple and easy to digest formats to ensure finance professionals are equipped with the right-skill sets.

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