Reconstruction of Presentation of Financial Statements of Village Credit Institutions (LPD): The ISAK 35 Approach and The Specific Characteristics of LPD

DOI

10.2991/978-2-38476-202-6_18How to use a DOI?

Keywords

Village Credit Institution (LPD); Nonprofit; ISAK 35

Abstract

Village Credit Institutions (LPD) are required to prepare financial reports that refer to the framework for preparing financial reports. LPD with its specific characteristics, as well as referring to the explanation of LPD equity, which in terms of financial accounting standards conforms to the characteristics of the non-profit-based interpretation of financial accounting standards 35 (ISAK 35), non-profit means that the LPD is not profit-oriented and does not mean that the LPD does not generate profits. This study aimed to analyze the presentation of the LAPD’s financial statements using the ISAK 35 approach. This study used a qualitative descriptive method, and the research data was obtained using interviews with informants related to the LPD. Data analysis was performed with an interactive analysis model. The results of the study state that there are two fundamental things in the application of ISAK 35: the way the LPD obtains the resources needed to carry out its various operational activities and the presentation of LPD capital. The resource approach with restrictions and without restrictions, the classification more closely refers to the existence of the LPD area itself. LPD capital is presented differently from business entities; LPD has a social responsibility to Pakraman Village. The resources needed to carry out various LPD operating activities are presented in the statement of comprehensive income. LPD capital is presented in the statement of financial position and report on changes in net assets.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - I. Made Agus Putrayasa
AU  - Made Dana Saputra
AU  - Ketut Nurhayanti
AU  - Ni Luh Putri Setyastrini
AU  - Jeni Susanti
PY  - 2024
DA  - 2024/02/15
TI  - Reconstruction of Presentation of Financial Statements of Village Credit Institutions (LPD): The ISAK 35 Approach and The Specific Characteristics of LPD
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2023 (iCAST-SS 2023)
PB  - Atlantis Press
SP  - 121
EP  - 125
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-202-6_18
DO  - 10.2991/978-2-38476-202-6_18
ID  - Putrayasa2024
ER  -