Application of Isak 35 in the Preparation of Financial Statements at Madrasah Ibtidaiyah Mambaul Ulum Karangduren Malang Regency

Abstract

A non-profit organization is an organization whose main objective is to support non-commercial public interests. Non-profit organizations include religious organizations,
 schools, hospitals and public clinics, community organizations, volunteer organizations,labor unions. The financial statements of non-profit organizations are different from othercommercial organizations, one of the main differences that arise is in the format of thefinancial statements. The research method is a qualitative research method approach toanswer the first problem formulation, while a quantitative descriptive research method isto answer the second problem. The research location determined by the researcher is atthe Mambaul Ulum Elementary School which is located at JL. Raya golek no. 37Karangduren Pakisaji Malang, Karangduren, Kec. Pakisaj, Kab. Malang, East Java. Basedon the results of temporary interviews conducted by the author, it was found that thepresentation of financial reports at the Mambaul Ulum Islamic Elementary School wasstill simple, namely in the form of financial reports in the form of cash receipts anddisbursements. Madrasa Ibtidaiyah Mambaul Ulum has not presented financial reportsaccording to accounting standards, namely adopting ISAK 35. The financial statementsmade by the treasurer of MI Sunan Ampel are not in accordance with ISAK 35 becausethey are very simple, namely recording income and expenses in the general cash book.For now MI Sunan Ampel's readiness to apply ISAK 35 if it is percentaged, namely 30%,is still far from ready.