Analysis of the Implementasi of PSAK No. 101 in the Financial Report of PT. BPRS Karya Mugi Sentosa

Abstract

This study aims to determine the implementation of PSAK No. 101 in the financial statements of PT. BPRS Karya Mugi Sentosa which contains the accuracy and presentation of financial statements published in the Financial Services Authority (OJK). This study was conducted because there was a discrepancy between the published financial statements and PSAK No. 1010 concerning the presentation of sharia financial statements. PSAK No. 101 regulates the mechanism for presenting financial statements for sharia entities. The method used in this study is qualitative. The data source in this study uses secondary data, namely the financial statements of PT. BPRS Karya Mugi Sentosa which are accessed through the Financial Services Authority (OJK) page. Financial statement data is downloaded and analyzed using descriptive analysis, namely the existing data is compiled, analyzed so as to provide a true picture of the presentation of financial statements at PT. BPRS Karya Mugi Sentosa. The results of this study show that PT. BPRS Karya Mugi Sentosa still has not met PSAK No. 101 in presenting its financial statements. This is because PT. BPRS Karya Mugi Sentosa only presents four of the seven components of financial reports in accordance with PSAK 101. PT. BPRS Karya Mugi Sentosa only presents (1) financial position report, (2) profit and loss report, (3) report on sources and uses of zakat funds, (4) report on sources and uses of policy funds, and the inconsistencies lie in (1) not presenting a cash flow report, (2) a report on changes in capital, (3) and not presenting notes to the financial statements (CALK) as required by PSAK No. 101.