Implementation of Statement of Financial Accounting Standards (PSAK) No. 45 Revised 2015 at Foundation

Abstract

Financial reports are important for foundations engaged in the social and religious fields, especially institutions that obtain funding from the public. This financial report is used as a form of management accountability to the public or community in order to increase trust. Where this trust can foster funding back to the foundation. Yayasan Tekad Bakti Remaja Insan Mandiri or known as the Tebar Iman Foundation is located at Jalan Cendrwasih No 100, Kelurahan Cipayung , Kecamatan Ciputat, Kota Tangerang Selatan, Banten Province, Indonesia. This foundation is engaged in providing skills education to poor youth where funding for this activity is highly dependent on community donations. This research purposes to determine whether the financial statements prepared by the Tebar Iman Foundation are in accordance with PSAK number 45 or not.The method used in this research is in accordance with a descriptive analysis approach. The results of the research on the financial statements prepared by the Tebar Iman Foundation, for the financial position report are in accordance, for the Resume Activity Report is generally good but there needs to be improvements. While the cash flow report and notes to the financial statements are not yet available.