Open AccessZakat, Infaq, and Shadaqah
Author(s) -
Ahmad Abbas,
Hannani Hannani
Publication year - 2022
Publication title -
islamic banking and finance review
Language(s) - English
Resource type - Journals
eISSN - 2413-2977
pISSN - 2221-5239
DOI - 10.32350/ibfr/2021/08/1923
Subject(s) - bookkeeping , accounting , receipt , balance sheet , cash flow statement , business , income statement , disbursement , cash flow , cash , financial statement , finance , audit
Accounting for reporting zakat, infaq, and shadaqah has been standardized, but LAZISNU Parepare is still simply providing bookkeeping based on income and expenses made as the balance. This research aims to identify the bookkeeping of LAZISNU and assists to practice the financial statements in accordance with the accounting standard of PSAK 109. A qualitative type was used in this research with the case study approach. The result of this research found that the practice of accounting in LAZISNU has simple bookkeeping only showing cash receipt and disbursement. This research further assists to prepare financial statements of LAZISNU Parepare and it has successfully been presented into financial position statement (balance sheet), changes in funds, changes in assets under management, cash flow statement, and summary of accounting policies. By disclosing the financial statements, LAZISNU can be more accountable and transparent to stakeholders particularly Muzakki dan government.