Accounting information system for nonprofit organization based on PSAK 45 standards

Abstract

Now there are 4 current Accounting Standards in Indonesia, they are Pernyataan Standar Akuntansi Keuangan — International Financial Reporting Standards (PSAK-IFRS), Standar Akuntansi Keuangan — Entitas Tanpa Akuntabilitas Publik (SAK-ETAP) or Financial Accounting Standards — Entities without Public Accountability, PSAK-Syariah or International Financial Reporting Standards-Sharia, dan Standar Akuntansi Pemerintah (SAP) or Government Accounting Standards. The existence of different purposes of nonprofit and commercial organizations caused the differences in presenting financial statements among users of financial statements. One derivative of the Statement of Financial Accounting Standards (PSAK) for nonprofit organizations is PSAK 45. Technology development makes the increasing of transparence and accountability for commercial and nonprofit organizations. Thus, nonprofit organizations require an accounting system as a tool to collect, store and disseminate data for planning, controlling, coordinating, analyzing and financial decision-making purposes in accordance with PSAK 45 of 2011. With the existence of computer-based accounting information system, it can further facilitate the organization in preparing the accounting reports to be more accurate and accountable. This research aims to compare the manual process of PSAK 45 accounting cycle with a software model that can implement the financial records standards for nonprofit organization as contained in PSAK 45 which is published by Ikatan Akuntan Indonesia (IAI) or Indonesian Institute of Accountants. The result of the research is the SIA or Accounting Information System (AIS) implementation result that can produce some financial transaction process in accordance with the accounting cycle and financial statement such as cash flow statement, activity report, and statement of financial position.