The Application Of ISAK 35 in Realizing Financial Management Accountability in Non-Profit Organizations in Indonesia

¹Nizar Dzikri, ²Alberta Esti Handayani²*, ³Yuni Listiana

Abstract

ISAK 35 is a financial management regulation approved by the Standards Board of the Indonesian Accounting Association (DSAK IAI) and the Sharia Accounting Standards Board of the Indonesian Accounting Association (DSAS IAI), specifically for non-profit organizations. Non-profit organizations are organizations that are not oriented towards profit-seeking. Usually, these organizations are social, so the use of finance is prioritized on the organization’s benefits to the community or members of the organization. This paper aims to describe the application of ISAK 35 on the financial management accountability of non-profit organizations in Indonesia. To achieve this goal, we use the literature study research method so that the data we use is in the form of literature related to ISAK 35 and the financial management of non-profit organizations. The research results found that most non-profit organizations in Indonesia still need to apply ISAK 35 to their financial statement accountability. The implication of these findings is the need for more knowledge of the managers of non-profit organizations regarding the ISAK 35 policy so that socialization and assistance from stakeholders are needed so that the ISAK 35 policy that has been formulated can be more beneficial for related stakeholders