Analysis of the Implementation Impact of Financial Accounting Standards on Entities without Public Accountability in Sharia Real Estate Companies

DOI

10.2991/978-2-38476-202-6_90How to use a DOI?

Keywords

Sharia Real Estate Companies; revenue recognition; SAK ETAP; ratio analysis

Abstract

This study aims to investigate the application of revenue recognition based on the Financial Accounting Standards for Entities without Public Accountability in Sharia real estate companies and its impact on their financial performance. The key inquiries of this study revolve around understanding how revenue recognition is implemented in accordance with the Financial Accounting Standards for Entities without Public Accountability in Sharia real estate companies and how this application influences their financial performance. To address both questions, a quantitative descriptive method is employed, focusing on Sharia real estate companies affiliated with the Developer Property Syariah (DPS) within the South Sulawesi Province of Indonesia. The significance of this study lies in its contribution to fostering financial literacy among stakeholders in Sharia real estate companies, enabling them to prepare financial reports in compliance with financial accounting standards. PT ABC's adoption of Financial Accounting Standards for Entities without Public Accountability influences company performance based on ratio analysis. There was a significant improvement in financial performance for the company after the adoption of Financial Accounting Standards for Entities without Public Accountability on liquidity ratios, profitability ratios, and solvency ratios.

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.

Download article (PDF)

TY  - CONF
AU  - Zoel Dirga Dinhi
AU  - Andi Sri Wahyuni
AU  - Haris Hamdy
AU  - Muhammad Aldy Syar Syafaa
PY  - 2024
DA  - 2024/02/15
TI  - Analysis of the Implementation Impact of Financial Accounting Standards on Entities without Public Accountability in Sharia Real Estate Companies
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2023 (iCAST-SS 2023)
PB  - Atlantis Press
SP  - 625
EP  - 640
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-202-6_90
DO  - 10.2991/978-2-38476-202-6_90
ID  - Dinhi2024
ER  -