Sukma, Farica and Pratama, Indra (2015) Analysis of The Financial Impact of Asset Retirement Obligation Towards Financial Information and Income Tax for the Year 2010-2014 : A Case Study of BUT TP. Bachelor thesis, Swiss German University.

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Abstract

Asset Retirement Obligation (ARO) is regulated by SFAS No. 143 which specifies measurement and recognition of obligation associated with the retirement of tangible long- lived asset. The ARO provision requires the extractive industries, such as oil and gas companies, mining companies, and so on, to estimate the ARO obligation at the first time the company begin their operation at its fair value. Especially in Indonesia, oil and gas companies are required to reserve funds for asset abandonment based on Government Regulation No. 79/2010 in order to prevent the losses suffered by the government and community. However, there are still some oil and gas companies who do not apply the ARO provision until today. This research focus on one oil and gas company in Indonesia who does not apply the ARO provision. If the company want to apply ARO provision, it will impact the financial information which are balance sheet, income statement, cash flow statement and income tax (deferred tax liabilities) of the company. However, based on the test result, it is proven that ARO provision does not change the financial information significantly, except for the balance sheet. In conclusion, ARO implementation does not impact some financial information if BUT TP plans to apply ARO in the future.

Item Type:	Thesis (Bachelor)
Uncontrolled Keywords:	ARO Obligation; SFAS No. 143; Oil and Gas Companies; Financial Information; Income Tax
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance H Social Sciences > HG Finance > HG1615.25 Asset-liability management
Divisions:	Faculty of Business Administration and Communication > Department of Accounting
Depositing User:	Atroridho Rizky
Date Deposited:	23 Nov 2020 02:46
Last Modified:	23 Nov 2020 02:46
URI:	http://repository.sgu.ac.id/id/eprint/1488

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