Implementation of PSAK 109 concerning Accounting Recording of Zakat, Infaq/Alms in LAZ DOmpet Dhuafa East Java

Meilisa Maisyaroh Mu'adz, Halimatus Sa'diyah

Abstract


This study aims to determine the conformity of the application of zakat, infaq, and alms accounting based on the Statement of Financial Accounting   Standards Number 109 (PSAK 109) at LAZ Dompet Dhuafa East Java which is contained in the 2020-2022 financial reports. The method used in this study is a descriptive approach and the type of data used is qualitative. The data used are primary data and secondary data. Data collection procedures with interviews, documentation, observation, and literature research. The results of the study show that LAZ Dompet Dhuafa East Java in 2020- 2022, in managing finances in general, is in accordance with PSAK 109 which contains 4 elements, such as Recognition, Measurement,   Presentation,   and Disclosure. The presentation of non-halal funds on the balance sheet has been separated. However, non-halal funds which are bank interest and demand deposit services are recognized as current account debt and if distributed it will reduce the debt. This is not in accordance with PSAK 109 because it should be recognized as income from non- halal funds. Therefore, in the report on changes in funds, non-halal funds are not presented.

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References


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