Analysis Of Accounting Application Of Zakat, Infaq And Shadaqah And Accountability In The Presentation Of Financial Statements

The performance of zakat, infaq, and shadaqah management institutions can be seen with fund
accounting, namely the recording system and appearance of entities in accounting such as assets and
liabilities which are grouped based on the benefits in each account. In this case, the accounting treatment
of zakat, infaq, and shadaqah includes acknowledgment, recording, and presentation of financial
statements of zakat, infaq, and shadaqah management institutions. The purpose of this study was to
determine the application of accounting for zakat, infaq and shadaqah as well as accountability in the
presentation of financial statements based on PSAK 109 and to determine the application of
accountability in the presentation of financial statements at LAZIS Al-Haromain Kediri City Branch
based on PSAK 101.
This research is a descriptive qualitative research, in which the presentation and processing of data is
carried out in a descriptive manner by focusing on the data obtained, but this research is not used to test
hypotheses or not use hypotheses. Sources of data in this study came from primary data and secondary
data. Data collection procedures by means of interviews, observation and documentation.
The results of this study are that at the recognition and measurement stage, LAZIS Al-Haromain is not
fully in accordance with PSAK 109, where LAZIS Al-Haromain has not fully determined the receipt of
non-cash assets from donors using the fair value required by PSAK 109. So far, LAZIS Al-Haromain has
not journalized This non-cash infaq shadaqah receipt has an impact on the balance in the components of
the financial statements, including the balance sheet (statement of financial position), reports on the use
of infaq funds, and notes to financial statements. And the distribution of cash infaq shadaqah so far has
not been journalized because in the early stages of receipt of infaq and cash shadaqah it was not
journalized so that up to the distribution stage it also could not be journalized and directly in the form of
a distribution report only. And at the stage of amil's financial statements based on PSAK 109, LAZIS
Al-Haromain is not fully compliant. The implementation of accountability by LAZIS Al-Haromain in the
presentation of financial statements and reporting is almost in accordance with the indicators of honesty
and legal accountability, process accountability, program accountability, and policy accountability and is
based on PSAK 101.