<![CDATA[This study aims to identify and describe the practice of glass product ordering transactions at Rafli Kaca Store, which has the characteristics of an istishna’ contract, and to analyze its accounting treatment based on PSAK 404 concerning Istishna’ Accounting. This study employs a descriptive qualitative approach with a case study design. The research object is the accounting treatment of istishna’ contracts at Rafli Kaca Store, focusing on the aspects of recognition, measurement, presentation, and disclosure. Data were obtained through interviews, observations, and documentation, and were analyzed through the stages of data condensation, data presentation, and conclusion drawing and verification. The results show that the transaction practices at Rafli Kaca Store have the characteristics of an istishna’ contract. This is indicated by the ordering of products based on customer specifications, agreements regarding the model, size, materials, and price, down payment arrangements, the production process after the agreement is reached, and the delivery of goods after the order is completed. However, the accounting treatment applied is not yet fully in accordance with PSAK 404. Rafli Kaca Store has used receipts as transaction documentation, but its accounting records remain simple and do not systematically distinguish between down payments, final payments, revenue, and receivables. In addition, the costs of materials, labor, transportation, and other expenses are not systematically calculated for each order. Non-compliance is also found in the aspects of revenue recognition, measurement of costs and revenue, presentation of transaction elements, and disclosure of istishna’ transaction information. Therefore, the level of conformity of the accounting treatment at Rafli Kaca Store with PSAK 404 is still considered low.]]>
