Islamic Cooperative Financial Reports based on Regulation of Minister of Cooperatives and SMEs Republic of Indonesia No.14/Per/M.UMKM/IX/2015: Case Study of ABC Academic Community Cooperative

https://doi.org/10.35912/bukhori.v3i2.2807
Published: Feb 5, 2024

Abstract:

Purpose: The aim of this study is to analyze the preparation of KOSIKA ABC's financial reports based on the Ministry of Cooperatives and SMEs, Republic of Indonesia No.14/Per/M. UMKM/IX/2015.

Research Methodology: This paper adopts a case study method with standardization of the final reporting approach to evaluate how accounting is applied in preparing KOSIKA ABC financial reports at the end of the period.

Results: The results of the research show that the financial report presented by KOSIKA ABC, such as the financial position and calculation of overall business results, is acceptable, but the KOSIKA ABC financial report that has been presented is still not in accordance with the components of the financial report according to the said regulation. The conclusion of this research is that the suitability of the KOSIKA ABC financial report to the regulation if, in presentation form, the overall Financial Report is 28.57 %.

Limitations: This case study has several limitations, such as comparative work with other cooperative/s, analysis of several years of financial reports, evaluation of the details of each report, and interview sessions with cooperative operators outside KOSIKA ABC for triangulation purposes.

Contribution: This case study contributes to the awareness among Islamic cooperative practitioners that they must refer to appropriate reporting guidelines for accountability purposes. A similar case study has not touched on the academic community cooperative type, which is another contribution.

Keywords:
1. Financial Reports
2. Regulation
3. Cooperative
4. Case Study
Authors:
1 . Siti Solihatul Munfariha
2 . Murniati Mukhlisin
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How to Cite
Munfariha, S. S., & Mukhlisin, M. . (2024). Islamic Cooperative Financial Reports based on Regulation of Minister of Cooperatives and SMEs Republic of Indonesia No.14/Per/M.UMKM/IX/2015: Case Study of ABC Academic Community Cooperative. Bukhori: Kajian Ekonomi Dan Keuangan Islam, 3(2), 91–101. https://doi.org/10.35912/bukhori.v3i2.2807
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Issue & Section
Vol. 3 No. 2 (2024): Januari
Articles
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References

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  1. Cahyadi, W., Mukhlisin, M., & Pramono, S. E. (2020). Pengaruh Dukungan Manajemen Puncak Terhadap Kualitas Sistem Informasi Akuntansi Pada Perusahaan Asuransi Syariah. JURNAL AKUNTANSI DAN BISNIS?: Jurnal Program Studi Akuntansi, 6(1), 66–76. https://doi.org/10.31289/jab.v6i1.2995
  2. Hidayatullah, A., & Sulhani, S. (2018). Pengaruh Manipulasi Laporan Keuangan dan Karakteristik Chief Financial Officer terhadap Ketepatwaktuan Pelaporan Keuangan dengan Kualitas Audit Sebagai Variabel Pemoderasi. Jurnal Dinamika Akuntansi Dan Bisnis, 5(2), 117–136. https://doi.org/10.24815/jdab.v5i2.10872
  3. Makmun S, &. S. (n.d.). Analisis Penerapan Standar Akuntansi Keuangan no. 101 Tentang Laporan Keuangan Syariah. Jurnal Ekonomi Syariah Pelita.
  4. Mukhlisin, M., & Fadzly, M. (2020). Multiple logics within the international Islamic financial architecture: implications for Islamic financial reporting standards. Accounting Research Journal, 33(6), 709–727.
  5. Mukhlisin, M. (2020). Level of Maq?sid ul-Shari’?h in Financial Reporting Standards for Islamic Financial Institutions. Journal of Islamic Accounting and Business Research, 12(1), 60–77.
  6. Nurarifah, D. R., & Febriani, D. (2023). Urgency and Internal Control Practices in Islamic Boarding Schools in Indonesia?: Principal and Accountant Perspectives. 5(2), 107–122.
  7. Rabbani, D. F. dan D. N. dan M. A. N. (2022). Implementasi Penyusunan Laporan Keuangan Koperasi Berdasarkan Peraturan Menteri Koperasi dan UMKM RI No.13/PER/M.KUKM/IX/2015. Jurnal Ekonomi, Koperasi Kewirausahaan.
  8. Ramadini, K, N.,Hasanah, N.,Irfany, M, I. (2023). Business Strategy in Islamic Boarding School: A Case Study of Pesantren Hidayatullah Depok Indonesia. Bukhori: Kajian Ekonomi Dan Keuangan Islam, 3(1), 11–28.
  9. Ridwan, M., Pagalung, G., Lutfi, M., Amin, A, R, M. (2023). Maqashid Syari?ah Index Model in Sharia Bank. Bukhori: Kajian Ekonomi Dan Keuangan Islam, 3(1), 29–41.
  10. Solihin, & Rijalus, M. (2020). Penerapan PSAK 105 Akad Mudharabah dalam Akuntansi Syariah (Studi Kasus pada BMT Ugt Sidogiri Yosowilangun. Riset Ekonomi, Akuntansi dan Perpajakan 1.
  11. Sunardi, S., Widyaningrum, S. M., Jufri, M., & Suryati, M. (2021). Pelaksanaan Akad Mudharabah Pada Koperasi Syariah Untuk Meningkatkan Kesejahteraan Ekonomi Anggota (Studi Kasus Koperasi Syariah Baituttamkin Lombok Barat Unit Kediri). Unu-Ntb.e-Journal.Id.
  12. Suwardjono. (2014). Teori Akuntansi dan Perekayasaan Laporan Keuangan. BPFE.
  13. Taufik, G., Rusmana, O. (2023). Muslim Investors’ Behavior in Deciding to Invest in Sharia Shares in the Period 2018-2023: A Systematic Literature Review. Bukhori: Kajian Ekonomi Dan Keuangan Islam, 3(1), 1–10.
  14. Thalib, M, A., Polapa, A., Rumampuk, R.,Ma’luna, S, S, S. (2023). Akuntansi Ilabulo: Studi Etnometodologi Islam. Bukhori: Kajian Ekonomi Dan Keuangan Islam, 3(1), 43–55.
  15. Thalib, M. . (2023). Zakat Accounting: Islamic Ethnomethodology Study. Bukhori: Kajian Ekonomi Dan Keuangan Islam, 3(1), 57–69.