Observing Murabahah and Ijarah Accounting in Islamic Cooperation: PSAK 102 and 107 As References

Abstract

The emergence of Islamic financial institutions cannot be avoided from the very high development of Islamic accounting. One example of a sharia financial institution is the Hospital Cooperative of RSUD Dr. M.A Hanafiah SM Batusangkar which has turned into a sharia cooperative. Hospital Cooperative RSUD Dr. M.A Hanafiah SM Batusangkar provides sharia financing to its members using murabahah and ijarah contracts. In carrying out its accounting activities, has the Hospital Cooperative of RSUD Dr. M.A Hanafiah SM Batusangkar in accordance with PSAK 102 regarding murabahah accounting and PSAK 107 regarding ijarah accounting. The method used is descriptive qualitative method, by analyzing documents and conducting in-depth interviews to strengthen the research results. The results of this study indicate that in the accounting treatment of murabahah and ijarah contracts, RSUD Dr. M.A Hanafiah SM Batusangkar has not complied with PSAK 102 and 107. Regarding PSAK 102, this can be seen from the absence of recognition of murabahah assets and deferred murabahah margin at the time the contract was agreed and PSAK 107 the absence of recognition of ijarah income when the ijarah receivables were paid but still included in the loan receivables. Through this research is expected to contribute to the Cooperative Hospital RSUD Dr. M.A Hanafiah SM Batusangkar in developing cooperatives with sharia principles and in accordance with applicable standards.