Implementation of PSAK 409 on the Presentation of Finansial Statements at LAZ Persis KL Bogor City

Abstract

This study aims to determine how the application of PSAK 409, the impact and challenges faced by institutions in presenting financial statements, as well as the relevance and understanding of PSAK 409 to improve understanding and application in the field. The method used in this research is to use qualitative data obtained through observation and interviews with the Chairperson and the General Finance section. The results showed that LAZ Persis KL Bogor City has not fully implemented PSAK 409 in its financial records, the institution only uses 4 (four) of the 6 (six) components of the presentation of financial statements according to PSAK 409, the financial statements presented consist of a recap transaction report/cashflow report, a statement of sources and uses of funds/profit and loss statement, a statement of changes in equity/statement of changes in balances and a statement of financial position (balance sheet). In presenting the finansial statments, LAZ Persis KL uses the case basis method.