Application of ISAK 35 Concerning Financial Reports of Non-Profit Organizations at the Medan City GKPI Church

Sarah Gracella Simanjuntak (Fakultas Ekonomi, Universitas Methodist Indonesia)
Sahala Purba (Fakultas Ekonomi, Universitas Methodist Indonesia)

Asian Journal of Applied Business and Management (AJABM)
Vol. 1 No. 2 (2022): November 2022

The purpose of this study is to provide a comparison to the Medan City GKPI Church in making financial reports according to ISAK 35. This study uses a qualitative method. This study uses a descriptive analysis method by comparing the theory contained in ISAK 35 with the practice contained in the Medan City GKPI Church. The data collection technique in this study is observation. The results show that the financial reports of the Medan City GKPI Church are only reports of cash receipts and cash disbursements, so they are not in accordance with current standards, especially ISAK 35. The conclusion of this study is that the Medan City GKPI Church has not designed its financial reporting process according to current standards. , in particular ISAK 35.