Application of PSAK No. 14 in the Accounting Treatment of Raw Material Inventory at PT Perkebunan Nusantara XIV

Abstract

The purpose of this study was to explore and analyze the application of PSAK No. 14 in the accounting treatment of raw material inventory at PT Perkebunan Nusantara XIV. The methodological approach employed in this research was qualitative, utilizing a descriptive methodology. Qualitative descriptive methodology involves the collection of written and oral data from individuals or informants capable of providing detailed descriptions without predetermined structures or frameworks. This study utilized a combination of primary and secondary data sources. Primary data was obtained through interviews with relevant personnel within PT Perkebunan Nusantara XIV, allowing for firsthand insights into the company's accounting practices regarding raw material inventory. Additionally, observations were conducted to supplement the interview data, providing further contextual understanding. Secondary data, including financial reports and documentation related to PSAK No. 14, were also analyzed to corroborate the findings. The findings of this study revealed that PT Perkebunan Nusantara XIV has indeed implemented PSAK No. 14 in its accounting treatment of raw material inventories. This implementation was evidenced by the company's adherence to the principles and guidelines outlined in PSAK No. 14, ensuring transparency and accuracy in reporting raw material inventory transactions. The utilization of qualitative methodology allowed for a comprehensive understanding of the practical application of PSAK No. 14 within the specific context of PT Perkebunan Nusantara XIV, shedding light on the effectiveness and challenges associated with its implementation.