The Implementation of PSAK 71, 72, 73 and Their Impact on Company Finances
Through the periodic updating of accounting regulations, companies can improve financial performance, minimize risks, and create a healthy business environment for long-term growth. The implementation of PSAK 71 will change the method of calculating the allowance for impairment losses on financial assets, PSAK 72 will significantly change when companies recognize revenue, measurement of revenue including how to present and disclose it in the financial statements. Meanwhile, PSAK 73 will significantly change the recording of lease transactions from the lessee’s perspective.
