Continuing my article yesterday, this time I discuss it thoroughly.

C. Report of Changes in Assets / Equity Net

Report of changes in assets / net equity of an entity between two reporting dates describe the increase or decrease in wealth, Based on the particular measurement principles adopted and disclosed in the financial statements. The overall change in net assets or equity presents the total surplus / deficit net for a period, revenues and other costs are recognized immediately as changes in assets / equity and net contributions by each, and contributions to the owner in his capacity as owners.

Report of changes in assets / net equity is at least including:

• Contributions by the owners and distributions to owners in their capacity as owners Election
• Balance to surplus and deficit accumulation in the early period and at the reporting date and movements during the period
• Disclosure of the component assets / equity net separately, and the reconciliation between the carrying amount of each component of net assets or equity at the beginning and end of the period reveal any changes.

D. Report of Cash Flows

Report of cash flows present information about the receipt and expenditure of cash during a specific period. Cash receipts and disbursements were classified according to operating activities, financing activities and investing activities. Cash flow information is useful for users of financial report because the entity provides the basis of estimated ability to generate cash and cash equivalents, and the entity needs to use those cash flows.

E. The accounting policies and notes to financial report

Note financial reports of the entity must:

• Provide information on the basic financial statements and specific accounting policies selected and the sets of transactions and other important events.
• Disclose information required by public sector financial accounting standards, which are not presented in the consolidated financial position, report of financial performance, cash flow report, and statement of changes in assets / net equity, and:
• Provide information that is not presented in financial reports, but the fair presentation requirement remains set.

Component of public sector financial reports are complete include:

• Report of financial position
• Report of financial performance
• Report of changes in assets / equity net
• Report of cash flows
• The accounting policies and notes to financial report

Components of the above financial reports serve as guidelines in making financial reports of public sector

A. Report of Financial Position (Balance Sheet)

Statement of financial position, or collectively, the balance sheet or statement of assets and liabilities are financial reports that present the position of assets, liabilities and owner’s equity at a given moment. A minimum, the statement of financial position should include items that present the following amounts:

• Property, plant and equipment
• Assets, intangible assets
• Asset-financial assets
• The investment required by the equity method
• Inventories
• Recovery of non-exchange transactions, including taxes and transfers
• Receivables from exchange transactions
• Cash and cash equivalents
• Taxes and transfers payable
• Debts due to the exchange transaction
• Reserves (provision)
• Obligations are not smooth
• Participation of minorities, and
• Assets / equity net

B. Report of Financial Performance (Report of Surplus)

The report referred to the financial performance or statement of income and expenses, income statements, statements of operations, the financial statements present the revenues and expenses during a specific period.

Minimum financial performance reports must include the following line items:

• Revenue from operating activities
• Surplus or deficit from operating activities
• Cost of finance (borrowing costs)
• Surplus or net deficit stock associations and joint ventures using the equity method
• Surplus or deficit from ordinary activities
• Items of extraordinary
• Participation of minority shares of the surplus or net deficit, and
• Surplus or deficit net for a period.

Analysis of financial Report can be viewed from various existing reporting, namely:

• Financial performance reports (Balance Sheet)
• Liquidity government
• The composition of investment
• Wealth of government
• Composition of liabilities
• Revaluation reserve
• The composition of pension debt
• Consolidated financial performance (surplus)
• The effectiveness of tax collection
• The degree of violation of financial regulations
• Composition of income
• The composition of expenditure
• Interest expense loans
• Loss on translation of financial surplus
• Statements of cash flows
• The composition of cash flows
• The composition of indirect taxes
• The composition of the liquidity of other income
• Composition of cash
• The composition of investment spending
• The composition of investment disbursement
• Composition of currency exchange liquidity

In addition to analyzing financial statements, the measurement of economic performance can be done through several indicators, namely:

I. The Indicators of economic growth

• Gross national income per capita
• Rate of consumption per capita
• The volume of exports
• The prices (inflation rate)

II. Structural Indicators

• Percentage of gross domestic savings to gross national income
• Percentage of GNP gross domestic
• Percentage of primary goods to total exports
• Consumption of energy per capita

III. Social Indicators

• The death rate
• The infant mortality rate
• Consumption of calories per capita
• Level of basic education
• The level of secondary education