Title: Looking at Recognition, Valuation, Presentation and Disclosure of Historical Assets at Nganjuk Museum

Authors: Desy Wulandari, Anak Agung Gde Satia Utama

Affiliations: Accounting Department, Economics and Business Faculty, Airlangga University Surabaya, Indonesia

Publisher: American Scientific Publishers

Abstract

This study aims to determine the accounting treatment that is applied to the management of heritage assets in Nganjuk Museum. This research looks at recognition, valuation, presentation and disclosures in the financial statements. This research is also expected to provide clarity on the accounting standards of heritage assets that should be implemented by the manager of Nganjuk Museum. This study used qualitative method case study approach. Data Obtained from primary research interviews with informants, and secondary data obtained from supporting documents. The data analysis is done with reduction, presentation, and conclusion. The result of this study is that Nganjuk Museum still relates to the definition of assets by cultural heritage conservation. The management of the museum recognizes the heritage of assets with "no value," because the life of the assets cannot be determined easily. Accounting practices of heritage assets in this management of museums are still not appropriate with the government accounting standards, because it was not valued and presented of heritage assets in notes of financial statements.

Keywords: Accounting Heritage Assets, Disclosure; Museum; Presentation, Recognition, Valuation

Sources: https://www.ingentaconnect.com/content/asp/asl/2017/00000023/00000009/art00224