Accounting Recognition of Historical Assets and its Implications for the Presentation of Financial Statements

Abstract

Purpose: This study aims to analyze and understand the accounting treatment of the Jakarta History Museum's cultural heritage assets in terms of valuation, recognition, and disclosure, as well as the presentation of cultural heritage assets in the financial statements.

Methods: This research method aims to analyze the accounting recognition in the management of the Jakarta History Museum and the suitability of accounting provisions in the government sector. Using a qualitative research strategy, data was collected through observation, interviews, internet searches, and literature studies with relevant parties in the Museum Management Unit and the DKI Jakarta Culture Office. Data analysis was conducted through data reduction, data presentation, and conclusion drawing to obtain valid and comprehensive findings.

Findings: The results showed that the Jakarta History Museum is recognized as a cultural heritage asset and inventory. Its assets are valued in units and without value. Presentation and disclosure of historical assets are only carried out if additional assets are in CaLK, with all assets recorded in the Goods Inventory Card (KIB) E. However, the accounting application in the Jakarta History Museum Management Unit is not yet entirely by PSAP No. 7 of 2010 concerning Fixed Asset Accounting.

Practical Implications: The practical implications of this study show that the Jakarta History Museum Management Unit must improve the application of appropriate accounting standards, especially PSAP No. 7 of 2010, in the management of cultural heritage assets. This will improve the accuracy of recording and presenting historical assets and increase the transparency and accountability of the museum's financial statements. By doing this, the museum can be more effective in protecting and maintaining its historical assets while increasing public understanding of the historical value contained in these assets.