Evaluation of Financial Reporting in Non Profit Organization Under ISAK 335 Case study on Simalungun Protestant Christian Church (GKPS)

Hansns Felix Purba (Faculty of Economics and Business, University of Indonesia, Indonesia)
Nureni Wijayati (Faculty of Economics and Business, University of Indonesia, Indonesia)

E-JURNAL AKUNTANSI
Vol 35 No 3 (2025)

This study aims to evaluate the financial reporting practices of the Simalungun Protestant Christian Church (GKPS). Employing a single-case study design, the research focuses on a single unit of analysis to provide an in-depth understanding of the church's financial reporting. A qualitative descriptive approach was adopted to comprehend the processes and events occurring in the field, involving interviews with the synod's financial bureau staff and a documentary study of the past year's financial reports. The research also assesses the conformity of the GKPS synod's financial reporting with ISAK 335, the accounting standard for non-profit entities. Findings indicate that the GKPS Synod has not yet implemented ISAK 335 as its accounting standard and has not prepared and published a complete set of financial statements according to ISAK 335. Keywords: Financial Reporting; Non Profit Organizations; ISAK 335; Church Management