Application of ISAK 35 in the Presentation of Financial Statements of Non-Profit Entities in the Catholic Church

Abstract

This study aims to determine the form of existing financial reporting and also to determine the implementation of financial reporting in the Catholic Church of St. Joseph Rumah Tiga and St. John the Evangelist Catholic Church Masohi based on ISAK No. 35. The method used is descriptive qualitative. Data sources using primary and secondary data were collected by researchers using interviews, observation, and documentation techniques. In this study, researchers conducted data analysis by collecting data, reducing, testing the validity of the data, and presenting until they could draw a conclusion. The results showed that the financial records of the Catholic Church of St. Joseph's Rumah Tiga and St. John the Evangelist Catholic Church Masohi still use a simple method. Financial recording is only carried out in the event of cash in and cash out (cash base). Then the preparation of financial statements of the Catholic Church of St. Joseph Rumah Tiga and St. John the Evangelist Catholic Church Masohi prepared based on ISAK No. 35 resulted in more structured and more detailed financial statements related to cash in and cash out.