Implementation of Financial Accounting Standard Interpretation 35 (ISAK 35) in the Financial Statements of SMK Daarul Uluum Based on Microsoft Excel

Abstract

This study aims to analyze the implementation of Financial Accounting Standard Interpretation 35 (ISAK 35) in the preparation and presentation of financial statements at SMK Daarul Uluum, an educational institution categorized as a non-profit organization. This research employs a qualitative descriptive approach with a case study method. Data were obtained through interviews with financial administrators, direct observation of financial recording practices, and documentation of financial records for the 2023 fiscal year. The results indicate that SMK Daarul Uluum has not fully implemented ISAK 35, as financial reporting is still limited to simple records of cash receipts and cash disbursements. The absence of standardized financial statements such as statements of financial position, comprehensive income, changes in net assets, and cash flows reflects limited understanding of applicable accounting standards. Therefore, this study compiles a complete set of financial statements in accordance with ISAK 35 using Microsoft Excel. The findings demonstrate that Microsoft Excel can serve as an effective and accessible tool for assisting non-profit educational institutions in implementing ISAK 35, thereby improving transparency, accountability, and reliability of financial information for stakeholders.