Implementation of Accounting Standards as an effort to realize the Accountability of Sharia Microfinance Institutions

Naili Saadah*  -  Universitas Islam Negeri Walisongo Semarang, Indonesia

(*) Corresponding Author
DOI: 10.21580/al-arbah.2022.4.2.15121

Purpose - This study aims to analyze the presentation of the financial statements of what factors influence the presentation of the financial statements of Islamic microfinance institutions according to PSAK 101.  

Method - This study aims to explore the implementation of accounting standards which are the basis for the presentation of financial statements of Islamic entities, therefore field research with qualitative methods is considered the most appropriate in this study.

Result - The results of this study show that in the implementation of accounting standards, sharia people's credit banks have implemented applicable accounting standards while  sharia savings and loan cooperatives which are part of sharia entities have not been fully implemented, this is because there are several parts of financial statements that are not presented even though these parts are not crucial, for example zakat infaq and sodaqoh reports some  sharia entities do not present because the ZIS levy has been managed by a separate institution so that the reporting is also separate, besides that there are still many human resources who do not understand sharia SAK is an obstacle that is commonly encountered in the field.

Implication - Referring to the results of this research, through this research, it is hoped that it will have implications for efforts to improve the competence of financial human resources in order to better understand the applicable accounting standards.

Originality - This study seeks to compare the implementation of the presentation of financial statements in several BPRS and  BMT and identify weaknesses in the implementation of SAK. 

Keywords: accountability, financial statements, Islamic financial institutionsAccountability, Financial Statements, Islamic Financial Institutions.

  1. AC, A. M. (2014). AKUNTANSI SYARIAH; Pendekatan Normatif, Historis dan Aplikatif. IQTISHADIA Jurnal Ekonomi & Perbankan Syariah, 1(1), 59–75. https://doi.org/10.19105/iqtishadia.v1i1.366
  2. Alhogbi, B. G. (2017). Akuntansi Syariah Meletkkan Nilai-Nilai Syariah Islam dalam Ilmu Akuntansi. In Journal of Chemical Information and Modeling (Vol. 53, Issue 9).
  3. Amerieska, S., Irianto, G., & Affandy, D. P. (2017). Akuntabilitas Pada Baitul Maal Wat Tamwil Ditinjau Dari Perspektif Shari’Ate Enterprise Theory. Jurnal Ekonomi & Keuangan Islam, 2(1), 27–39. https://doi.org/10.20885/jeki.vol2.iss1.art3
  4. Batubara, Z. (2019). Akuntansi Dalam Pandangan Islam. JAS (Jurnal Akuntansi Syariah), 3(1), 66–77. https://doi.org/10.46367/jas.v3i1.163
  5. Belkoui, ahmad riehl. (2011). Accounting theory (teori akuntansi) (edisi lima). Salemba empat.
  6. Flick, U. (2012). Qualitative Research Designs. In Designing Qualitative Research (pp. 171–184). https://doi.org/10.4135/9781849208826.n4
  7. Gergen, K. J., & Gergen, M. M. (2014). Social Construction and Research as Action. In The SAGE Handbook of Action Research. https://doi.org/10.4135/9781848607934.n16
  8. Hadi, D. A. (2018). Pengembangan Teori Akuntansi Syariah di Indonesia. Jurnal Akuntansi Multiparadigma, 9(1), 106–123. https://doi.org/10.18202/jamal.2018.04.9007
  9. Hidayatullah, M. S. (2020). Studi Al-Quran Dan Hadits Tentang Eksistensi Dan Konstruksi Akuntansi Syariah. Bilancia: Jurnal Studi Ilmu Syariah Dan Hukum, 14(2), 209–226. https://doi.org/10.24239/blc.v14i2.543
  10. Khotami, M. (2017). The Concept Of Accountability In Good Governance. 163(Icodag), 30–33. https://doi.org/10.2991/icodag-17.2017.6
  11. MacDonald, C. (2012). Understanding PAR: A Qualitative Research Methodology. Canadian Journal of Action Research, 13(2), 34–50. file:///C:/Users/Christelle/Downloads/37-Article Text-89-1-10-20120913.pdf%0Ahttps://pdfs.semanticscholar.org/3b78/ecfe0b4a0a7591d2ea068c71e8ea320ff451.pdf
  12. Mulgan, R. (2000). “Accountability”: An Ever-Expanding Concept? Public Administration, 78(3), 555–573. https://doi.org/10.1111/1467-9299.00218
  13. Neuman, W. lawrence. (2017). Metodologi penelitian sosial : pendekatan kualitatif dan kuantitaif (ed. 7, cet). indeks.
  14. Putri, E. R., & Mutmainah, S. (2010). Penerapan sak etap pada penyajian laporan keuangan.
  15. Putriningtyas, P., & Usnan, U. (2019). Akuntabilitas Bmt: Analisis Berdasarkan Implementasi Psak 101 Pada Penyajian Laporan Keuangan. Al-Masharif: Jurnal Ilmu Ekonomi Dan Keislaman, 7(1), 17–36.
  16. Salle, I. Z. (2015). Akuntabilitas Manuntungi: Memaknai Nilai Kalambusang pada Lembaga Amil Zakat Kawasan Adat Ammatoa. Jurnal Akuntansi Multiparadigma, 4. https://doi.org/10.18202/jamal.2015.04.6004
  17. Suandi, A. B. (2013). Islamic Accounting in Indonesia : A Review from Current Global SituationSuandi, A. B. (2013). Islamic Accounting in Indonesia : A Review from Current Global Situation. Islamic Accounting In Indonesia, 241–264. Retrieved from http://eb-islam.wg.ugm.ac.id/i. Islamic Accounting In Indonesia, 241–264. http://eb-islam.wg.ugm.ac.id/images/pdf/ShogakuKenkyukaKiyo_77_Suandi.pdf
  18. Sujana, I. K., Dwirandra, A. A. N. B., Putri, I. G. A. M. A. D., & Suardikha, I. M. S. (2015). Akuntabilitas dalam Perspektif Budaya Lokal pada Lembaga Perkreditan Desa ( LPD ). Laporan Penelitian Unggulan Program Magister Akuntansi Fakultas Ekonomi Dan Bisnis Universitas Udayana, 1–69.
  19. Zulkifli, Z., Bakhri, B. S., & Rahmawati, R. (2019). Analisis Penyajian laporan Keuangan Koperasi Syariah BMT Al-Ittihad Pekanbaru. Al-Hikmah: Jurnal Agama Dan Ilmu Pengetahuan, 16(1), 1–22. https://doi.org/10.25299/jaip.2019.vol16(1).2869

Open Access Copyright (c) 2022 Naili Saadah
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Al-Arbah: Journal of Islamic Finance and Banking
Published by Department of Sharia Banking, Faculty of Islamic Economics and Business, UIN Walisongo Semarang, Indonesia
Jl Prof. Dr. Hamka Kampus III Ngaliyan Semarang 50185
Phone: +62 852-3660-5533
Website: https://febi.walisongo.ac.id/
Email: alarbah@walisongo.ac.id

ISSN: 2716-3946 (Print)
ISSN: 2716-2575 (Online)

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

 
apps