Analysis of the Implementation of the Financial Statement Presentation Method Based on ISAK 335 in Non-Profit Foundation Entities in Tanah Datar Regency (Case Study at the Aisyiyah Orphanage, Batusangkar Branch, Muhammadiyah Orphanage, Lima Kaum Branch, and the Al-Ikhlas Dharma Wanita Foundation at the Al-Ikhlas Private Elementary School, Batusangkar)

Abstract

Financial statements are an essential instrument for non-profit organizations in realizing transparency and accountability to their stakeholders. ISAK 335 is the latest regulation, replacing ISAK 35 and PSAK 45, and serves as the guideline for presenting financial statements of non-profit entities in Indonesia. This study aims to analyze the conformity of the financial recording methods applied by three non-profit entities in Tanah Datar Regency, namely Aisyiyah Orphanage of Batusangkar Branch, Muhammadiyah Orphanage of Lima Kaum Branch, and Al-Ikhlas Dharma Wanita Foundation at Al-Ikhlas Private Madrasah Ibtidaiyah Batusangkar, with the ISAK 335 standard. The research method used is descriptive qualitative with a case study approach, employing data collection techniques such as observation and in-depth interviews. The results of the study indicate that the three entities have not adequately conducted financial recording in accordance with ISAK 335. Their financial records remain simple and only cover cash inflows and outflows, without presenting a Statement of Financial Position, Statement of Changes in Net Assets, Statement of Comprehensive Income, Statement of Cash Flows, and Notes to the Financial Statements. This is due to limitations in human resources with accounting expertise, a lack of financial training, and the management's unawareness of accounting recording regulations.