Abstract

This research is a comparative descriptive study which aims to find out how the recognition and measurement of contract revenue applied by PT. Bhanda Ghara Reksa based on PSAK No.72. The resource persons in this study were the accounting staff and marketing staff. The analytical tool used is descriptive comparative data analysis technique method by comparing the company and also Psak No.72. Data collection techniques are observation, interviews and documentation. Based on the research results of PT. Bhanda Ghara Reksa has not implemented revenue recognition and measurement based on PSAK No. 72 which in recognizing revenue the company issues IO (invoice order) and IS (invoice stock) before recognizing revenue and the company uses the accrual basis method. Meanwhile, based on PSAK No. 72 it is explained that the company can recognize revenue when (or as long as) the company fulfills a performance obligation by transferring the promised asset to the customer, whereas the transfer of the asset occurs when (or as long as) the customer obtains control of the asset. Then for the measurement of income, the company measures the income for the transaction price by looking at the minimum price after the rental price is negotiated and the contract agreement has been agreed, the invoice is issued and the company has recognized the transaction as income. 72 An entity shall consider the terms of the contract and the entity's general businesspractices to determine the transaction price. The nature, timing and amount of the consideration promised by the customer affect the estimated transaction price. When determining the transaction price, an entity considers the effects of all of the following: 1. variable returns 2. estimated constraint variables 3. Existence of components 4. Non-cash benefits 5. Customer benefits payable.